What is the primary revenue source for Packaging Corporation of America (PKG)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze PKG's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Packaging Corporation of America's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Packaging Corporation of America Makes Money: PKG Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 100% of revenue, indicating concentration.

Operating margin declined by 3.07 percentage points year over year.

Revenue: USD 4.86B
Largest revenue segment share (Trade): 100.00%
Cost of revenue: USD 3.89B
Selling, general and administrative: USD 359.60M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense, total · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Trade)Trade · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Property, plant and equipment: USD 5.01B
Accounts receivable: USD 1.43B
Goodwill: USD 1.42B
Shareholder equity: USD 4.66B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal stockholders' equity · StockholdersEquity
Accounts receivableAccounts receivable, net of allowance for credit losses and customer deductions of $19.1 million and $17.0 million as of june 30, 2026 and december 31,2025, respectively · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment, net · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 194.3% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 363.00M
Operating cash flow: USD 705.30M
Cash conversion: 194.30%
Free cash flow: USD 334.70M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 223.20M
Share repurchases: USD 58.80M
Net shareholder return: USD 282.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsCommon stock dividends paid · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?