Packaging Corporation of America (PKG) 10-K Summary — Year Ended Dec 31, 2025
Packaging Corporation of America reported an increase in revenue and operating income for the latest annual period. The company generated strong operating cash flow and maintained a focus on liquidity and capital resources.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Packaging Corporation of America reported an increase in revenue and operating income for the latest annual period. The company generated strong operating cash flow and maintained a focus on liquidity and capital resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$774.1M
Net income reported for the year.
Operating cash flow
$1.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $8.5B | +9.7% |
| Dec 31, 2023 | $7.8B | -8.0% |
| Dec 31, 2024 | $8.4B | +7.4% |
| Dec 31, 2025 | $9B | +7.2% |
Business overview
The company operates in packaging and paper segments, with corporate and other activities. It manages human capital and addresses regulatory and environmental matters as part of its business overview.
Financial performance
Revenue increased compared to the prior year, while operating income and net income also showed improvement. Operating cash flow remained robust for the period.
Material risks
The filing identifies risk factors in a dedicated section, including industry and business conditions that may affect results. Regulatory and environmental matters are also noted as potential risks.
Liquidity and capital
The company discusses liquidity and capital resources, including commitments and off-balance sheet arrangements. It also addresses inflation and other general cost increases.
What to watch
Monitor changes in industry and business conditions as discussed in the management discussion and analysis.