PACKAGING CORP OF AMERICA
PKG · Paperboard Containers & Boxes · 89.1M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $42M, SBC $40M)
Reference price $217.08 · est. market cap ~$19.3B — last insider sale, 2026-05-27 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Above-average containerboard producer with top-quartile ROE and solid cash generation, recently scaled via the Greif acquisition.
Strengths
- Top-quartile ROE (16.8%, 74.4th pct) and ROA (83.8th), with operating margin 75th pct
- Strong FCF ($729M, 87.9th pct) and ample liquidity ($1.24B); third-largest containerboard producer with scale and price increases sticking
Risks
- Commodity-grade pricing cyclicality and secular UFS paper decline
- Greif integration drag (first-year EPS dilution) and elevated leverage (D/E 0.86, 75.6th pct)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
21.0%
Operating margin
12.3%
Net margin
8.6%
Return on equity
16.8%
Return on assets
7.2%
ROIC
10.2%
Revenue growth (QoQ)
0.2%
Net-income growth
-3.9%
Debt / equity
0.9×
Net debt / EBITDA
1.9×
Current ratio
3.2×
Free cash flow
$729M
EBITDA
$1.8B
Tangible book value
$2.6B
Cash & investments
$668M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-27 | KOWLZAN MARK W | Sell | 9.3K | $217.08 |
| 2026-05-12 | SOULELES THOMAS S | Grant | 591 | — |
| 2026-05-12 | LYONS ROBERT C | Grant | 591 | — |
| 2026-05-12 | Harman Donna A. | Grant | 591 | — |
| 2026-05-12 | GOWLAND KAREN E | Grant | 591 | — |
| 2026-05-12 | Farrington Duane C | Grant | 591 | — |
| 2026-05-12 | BEEBE CHERYL K | Grant | 591 | — |
| 2026-05-12 | MENCOFF SAMUEL M | Grant | 591 | — |
| 2026-05-12 | PORTER ROGER B | Grant | 591 | — |
| 2026-03-27 | KOWLZAN MARK W | Tax withheld | 21K | $212.25 |
| 2026-03-27 | Shirley Donald R. | Grant | 478 | — |
| 2026-03-27 | Shirley Donald R. | Tax withheld | 2.6K | $212.25 |
| 2026-03-27 | Carter Charles J. | Grant | 8.3K | — |
| 2026-03-27 | Carter Charles J. | Grant | 634 | — |
| 2026-03-27 | Carter Charles J. | Tax withheld | 3.5K | $212.25 |
| 2026-03-27 | Pflederer Kent A. | Grant | 5.6K | — |
| 2026-03-27 | Pflederer Kent A. | Grant | 428 | — |
| 2026-03-27 | Shirley Donald R. | Grant | 6.3K | — |
| 2026-03-27 | Pflederer Kent A. | Tax withheld | 2.7K | $212.25 |
| 2026-03-27 | Olivier Darla J. | Grant | 2.3K | — |
| 2026-03-27 | Olivier Darla J. | Grant | 173 | — |
| 2026-03-27 | Olivier Darla J. | Tax withheld | 1.1K | $212.25 |
| 2026-03-27 | Hassfurther Thomas A | Grant | 30K | — |
| 2026-03-27 | Hassfurther Thomas A | Grant | 2.3K | — |
| 2026-03-27 | Hassfurther Thomas A | Tax withheld | 13K | $212.25 |
| 2026-03-27 | KOWLZAN MARK W | Grant | 43K | — |
| 2026-03-27 | KOWLZAN MARK W | Grant | 3.3K | — |
| 2026-03-06 | Carter Charles J. | Tax withheld | 1.9K | $222.52 |
| 2026-03-06 | Olivier Darla J. | Grant | 1.2K | — |
| 2026-03-06 | Olivier Darla J. | Grant | 104 | — |
| 2026-03-06 | Olivier Darla J. | Tax withheld | 559 | $222.52 |
| 2026-03-06 | Hassfurther Thomas A | Grant | 11K | — |
| 2026-03-06 | Hassfurther Thomas A | Grant | 1.0K | — |
| 2026-03-06 | Hassfurther Thomas A | Tax withheld | 4.9K | $222.52 |
| 2026-03-06 | KOWLZAN MARK W | Grant | 17K | — |
| 2026-03-06 | KOWLZAN MARK W | Grant | 1.5K | — |
| 2026-03-06 | KOWLZAN MARK W | Tax withheld | 8.0K | $222.52 |
| 2026-03-06 | Carter Charles J. | Grant | 4.3K | — |
| 2026-03-06 | Carter Charles J. | Grant | 384 | — |
| 2026-03-06 | Shirley Donald R. | Grant | 3.3K | — |
| 2026-03-06 | Shirley Donald R. | Grant | 290 | — |
| 2026-03-06 | Shirley Donald R. | Tax withheld | 1.4K | $222.52 |
| 2026-03-06 | Pflederer Kent A. | Grant | 2.9K | — |
| 2026-03-06 | Pflederer Kent A. | Grant | 259 | — |
| 2026-03-06 | Pflederer Kent A. | Tax withheld | 1.4K | $222.52 |
| 2026-02-25 | Olivier Darla J. | Grant | 1.2K | — |
| 2026-02-25 | Hassfurther Thomas A | Grant | 12K | — |
| 2026-02-25 | KOWLZAN MARK W | Grant | 17K | — |
| 2026-02-25 | Shirley Donald R. | Grant | 2.8K | — |
| 2026-02-25 | Vaughn Joseph | Grant | 1.5K | — |
| 2026-02-25 | Patton Heidi L | Grant | 814 | — |
| 2026-02-25 | Carter Charles J. | Grant | 4.2K | — |
| 2026-02-25 | Pflederer Kent A. | Grant | 2.8K | — |
| 2026-02-23 | Olivier Darla J. | Tax withheld | 513 | $225.55 |
| 2026-02-23 | Patton Heidi L | Tax withheld | 681 | $225.55 |
| 2026-02-23 | Shirley Donald R. | Tax withheld | 1.3K | $225.55 |
| 2026-02-23 | Carter Charles J. | Tax withheld | 1.7K | $225.55 |
| 2026-02-23 | Hassfurther Thomas A | Tax withheld | 4.5K | $225.55 |
| 2026-02-23 | KOWLZAN MARK W | Tax withheld | 7.4K | $225.55 |
| 2026-02-23 | Vaughn Joseph | Tax withheld | 531 | $225.55 |
| 2026-02-23 | Pflederer Kent A. | Tax withheld | 1.3K | $225.55 |
| 2026-02-05 | Hassfurther Thomas A | Sell | 12K | $230.50 |
| 2025-09-11 | KOWLZAN MARK W | Sell | 25K | $215.97 |
| 2025-05-07 | STECKO PAUL T | Grant | 611 | — |
| 2025-05-07 | LYONS ROBERT C | Grant | 611 | — |
| 2025-05-07 | SOULELES THOMAS S | Grant | 611 | — |
| 2025-05-07 | PORTER ROGER B | Grant | 611 | — |
| 2025-05-07 | Harman Donna A. | Grant | 611 | — |
| 2025-05-07 | GOWLAND KAREN E | Grant | 611 | — |
| 2025-05-07 | Farrington Duane C | Grant | 611 | — |
| 2025-05-07 | BEEBE CHERYL K | Grant | 611 | — |
| 2025-05-07 | MENCOFF SAMUEL M | Grant | 611 | — |
| 2025-04-04 | Olivier Darla J. | Grant | 2.0K | — |
| 2025-04-04 | Olivier Darla J. | Grant | 170 | — |
| 2025-04-04 | Olivier Darla J. | Tax withheld | 929 | $183.42 |
| 2025-04-04 | Shirley Donald R. | Grant | 5.4K | — |
| 2025-04-04 | Shirley Donald R. | Grant | 472 | — |
| 2025-04-04 | Shirley Donald R. | Tax withheld | 2.3K | $183.42 |
| 2025-04-04 | Pflederer Kent A. | Grant | 4.8K | — |
| 2025-04-04 | Pflederer Kent A. | Grant | 422 | — |
| 2025-04-04 | Pflederer Kent A. | Tax withheld | 2.3K | $183.42 |
| 2025-04-04 | Carter Charles J. | Grant | 7.2K | — |
| 2025-04-04 | Carter Charles J. | Grant | 625 | — |
| 2025-04-04 | Carter Charles J. | Tax withheld | 3.1K | $183.42 |
| 2025-04-04 | Hassfurther Thomas A | Grant | 19K | — |
| 2025-04-04 | Hassfurther Thomas A | Grant | 1.7K | — |
| 2025-04-04 | Hassfurther Thomas A | Tax withheld | 8.1K | $183.42 |
| 2025-04-04 | Mundy Robert P. | Grant | 8.5K | — |
| 2025-04-04 | Mundy Robert P. | Grant | 737 | — |
| 2025-04-04 | Mundy Robert P. | Tax withheld | 4.1K | $183.42 |
| 2025-04-04 | KOWLZAN MARK W | Grant | 28K | — |
| 2025-04-04 | KOWLZAN MARK W | Grant | 2.4K | — |
| 2025-04-04 | KOWLZAN MARK W | Tax withheld | 13K | $183.42 |
| 2025-03-04 | Shirley Donald R. | Grant | 3.2K | — |
| 2025-03-04 | Shirley Donald R. | Grant | 299 | — |
| 2025-03-04 | Shirley Donald R. | Tax withheld | 1.4K | $202.27 |
| 2025-03-04 | Pflederer Kent A. | Grant | 2.9K | — |
| 2025-03-04 | Pflederer Kent A. | Grant | 266 | — |
| 2025-03-04 | Pflederer Kent A. | Tax withheld | 1.4K | $202.27 |
| 2025-03-04 | Carter Charles J. | Grant | 4.2K | — |
| 2025-03-04 | Carter Charles J. | Grant | 385 | — |
| 2025-03-04 | Carter Charles J. | Tax withheld | 1.8K | $202.27 |
| 2025-03-04 | Mundy Robert P. | Grant | 5.0K | — |
| 2025-03-04 | Mundy Robert P. | Grant | 467 | — |
| 2025-03-04 | Mundy Robert P. | Tax withheld | 2.4K | $202.27 |
| 2025-03-04 | Hassfurther Thomas A | Grant | 13K | — |
| 2025-03-04 | Hassfurther Thomas A | Grant | 1.2K | — |
| 2025-03-04 | Hassfurther Thomas A | Tax withheld | 5.7K | $202.27 |
| 2025-03-04 | KOWLZAN MARK W | Grant | 19K | — |
| 2025-03-04 | KOWLZAN MARK W | Grant | 1.8K | — |
| 2025-03-04 | KOWLZAN MARK W | Tax withheld | 9.3K | $202.27 |
| 2025-02-26 | Vaughn Joseph | Grant | 1.6K | — |
| 2025-02-26 | Patton Heidi L | Grant | 862 | — |
| 2025-02-26 | Olivier Darla J. | Grant | 1.2K | — |
| 2025-02-26 | Shirley Donald R. | Grant | 2.9K | — |
| 2025-02-26 | Pflederer Kent A. | Grant | 2.9K | — |
| 2025-02-26 | Carter Charles J. | Grant | 4.5K | — |
| 2025-02-26 | Hassfurther Thomas A | Grant | 12K | — |
| 2025-02-26 | KOWLZAN MARK W | Grant | 18K | — |
| 2025-02-24 | Vaughn Joseph | Tax withheld | 476 | $209.74 |
| 2025-02-24 | Shirley Donald R. | Tax withheld | 993 | $209.74 |
| 2025-02-24 | Pflederer Kent A. | Tax withheld | 1.1K | $209.74 |
| 2025-02-24 | Patton Heidi L | Tax withheld | 673 | $209.74 |
| 2025-02-24 | Olivier Darla J. | Tax withheld | 827 | $209.74 |
| 2025-02-24 | Carter Charles J. | Tax withheld | 1.4K | $209.74 |
| 2025-02-24 | Mundy Robert P. | Tax withheld | 2.0K | $209.74 |
| 2025-02-24 | Hassfurther Thomas A | Tax withheld | 4.6K | $209.74 |
| 2025-02-24 | KOWLZAN MARK W | Tax withheld | 7.5K | $209.74 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-12 | 0001193125-26-221672 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001193125-26-213675 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0001193125-26-171009 ↗ |
| 8-K | 2026-03-03 | 2026-02-25 | 0001193125-26-087363 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-074129 ↗ |
| 8-K | 2026-01-28 | 2026-01-27 | 0001193125-26-025053 ↗ |
| 8-K | 2025-12-10 | 2025-12-10 | 0001193125-25-313400 ↗ |
| 8-K | 2025-12-04 | 2025-12-03 | 0001193125-25-307535 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-268514 ↗ |
| 8-K | 2025-10-23 | 2025-10-22 | 0001193125-25-247121 ↗ |
| 8-K | 2025-09-02 | 2025-08-31 | 0001193125-25-194049 ↗ |
| 8-K | 2025-08-15 | 2025-08-11 | 0001193125-25-181330 ↗ |