PKG at a glance
Packaging Corporation of America (PKG, SEC CIK 75677) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 23, 2026 and Form 4 insider filings as recently as August 24, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Packaging Corporation of America (PKG) reported revenue of $9.0 billion (up 7.2% from FY2024) and net income of $774.1 million. Diluted EPS was $8.58.
- As of June 30, 2026, 37 institutional investment managers tracked by SignalX reported holding Packaging Corporation of America (PKG) shares worth $12.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Shirley Donald R. on August 20, 2026 of 12,000 shares at $250.71 per share.
- In the last 90 days, PKG insiders reported 0 open-market purchases ($0) and 4 open-market sales ($10.2M) on Form 4, a net sale of $10.2M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $9.0B
- +7.2% vs prior year
- Insiders · 90 days
- 0 buys · 4 sells
- Net −$10.2M
- 13F holders
- 37 funds
- $12.0B · +0 vs prior quarter
- Latest 8-K
- Jul 23, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Net sales $8,989M, up $606M (+7.2% YoY); Packaging segment drove growth at $8,294M (+$603M, +7.8%), Paper declined to $615M (-$9M, -1.5%)
- Operating margin 12.3% vs 13.1% YoY (income from ops $1,107M vs $1,101M on higher sales); net income fell to $774M from $805M due to $151M special items vs $12M in 2024 and $38M higher net interest expense
- Best segment: Packaging, operating income $1,125M (+$24M), EBITDA ex-special items $1,830M vs $1,598M; worst: Paper, operating income flat at $130M, EBITDA ex-special items declined to $148M from $154M
- Operating cash flow $1,558M (+$367M YoY); capex $829M vs $670M; dividends $450M; buybacks $153M (0.8M shares); Greif acquisition consumed $1,804M, financed via $1,494M new debt including $500M 5.20% senior notes due 2035
- Q1 2026 outlook: higher legacy corrugated volume YoY but sequentially lower; domestic prices higher with March price increase benefit; cost inflation across most inputs except fiber; Wallula reconfiguration savings begin late Q1; earnings expected below Q4 2025
Business Overview
- Third-largest North American containerboard producer; integrated mill-to-box model serving ~12,000 customers across packaging and UFS paper segments
- Acquired Greif's containerboard business Sept 2, 2025 for $1.8B cash; added 2 mills (~800,000 tons capacity) and 8 plants, lifting total capacity to ~5.8M tons (358 BSF)
- Containerboard production rose to 5,154K tons in 2025 vs 5,046K tons in 2024; corrugated shipments up to 71.1 BSF from 66.9 BSF
- Workforce reached ~16,800 employees post-Greif acquisition; new CFO appointed and two EVP roles restructured in February 2025
- Wallula, WA mill's No. 2 machine and kraft pulping permanently shut down Q4 2025, partially offsetting capacity added via Greif deal
Risk Factors
- ODP (formerly Office Depot) represents 58% of Paper segment sales and 4% of consolidated sales; agreement expires December 31, 2026
- $4.0B debt outstanding with $1.0B at floating rates; $573M undrawn revolving credit facility as of December 31, 2025
- Greif containerboard acquisition completed September 2, 2025; reliant on Seller transition services for accounting, IT, and purchasing during integration
- EPA enacted more stringent particulate matter emissions standards, complicating air permit compliance and increasing operating/capital costs
- Recycled fiber exposure rising post-Greif acquisition; $10/ton price increase equals ~$20M additional annual expense
AI summary of the PKG 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Six-month revenue $4,858M, up 12.7% YoY from $4,312M
- Packaging revenue $4,500M, up 13.2% YoY; corrugated shipments up 22.1% total
- Paper revenue $317M, up 5.7% YoY from $300M
- Gross profit up $28M; special-items expense $56M vs $4M YoY
- Other expense $63.2M vs $9.2M YoY, including $9.0M Wallula restructuring cost
Risk Factors
- No risk-factors section provided in submitted text
- Submitted material covers equity withholding, senior-security defaults, mine safety, trading arrangements, and exhibits
- No newly added or changed risk factors identifiable from the provided excerpt
AI summary of the PKG 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results announced by Packaging Corporation of America
- Press release furnished as Exhibit 99.1 contains the reported financial results
Item EX-99.1: Item EX-99.1
- Q2 net sales rose to $2.5B from $2.2B, but reported EPS fell to $2.15 from $2.67
- Adjusted EPS declined to $2.35 from $2.48, reflecting higher freight, fiber, labor and corporate costs
Item 5.07: Submission of Matters to a Vote of Security Holders
- All nine director nominees elected, maintaining PCA’s existing board composition
- Samuel M. Mencoff and Roger B. Porter received the strongest opposition, with 8,681,658 and 11,849,812 votes against
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 financial results announced by Packaging Corporation of America
- Press release furnished as Exhibit 99.1, containing the detailed operating and financial results
Item EX-99.1: Item EX-99.1
- Q1 net sales rose to $2.4B from $2.1B, but reported EPS fell to $1.91 from $2.26
- Adjusted EPS increased to $2.40 from $2.31, exceeding $2.20 guidance by $0.20
AI summaries of PKG 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PKG
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Shirley Donald R. | Sell | Aug 20, 2026 | 12,000 | $250.71 |
| Hassfurther Thomas A | Sell | Aug 7, 2026 | 7,063 | $254.00 |
| Hassfurther Thomas A | Sell | Aug 5, 2026 | 8,797 | $257.00 |
| Hassfurther Thomas A | Sell | Aug 3, 2026 | 12,531 | $250.00 |
| KOWLZAN MARK W | Sell | May 27, 2026 | 9,266 | $217.08 |
| LYONS ROBERT C | A | May 12, 2026 | 591 | - |
| BEEBE CHERYL K | A | May 12, 2026 | 591 | - |
| Harman Donna A. | A | May 12, 2026 | 591 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $8.4B | $9.0B |
| Gross Profit | - | $1.8B | $1.9B |
| Operating Income | - | $1.1B | $1.1B |
| Net Income | - | $805.1M | $774.1M |
| Gross Margin | - | 21.3% | 21.0% |
| Op. Margin | - | 13.1% | 12.3% |
| Net Margin | - | 9.6% | 8.6% |
| Balance Sheet | |||
| Total Assets | $8.7B | $8.8B | $10.7B |
| Equity | - | $4.4B | $4.6B |
| ROE | - | 18.3% | 16.8% |
| Per Share | |||
| EPS | - | $8.93 | $8.58 |
| Cash Flow | |||
| Operating CF | - | $1.2B | $1.6B |
| CapEx | $469.7M | $669.7M | $828.9M |
Source: XBRL data in Packaging Corporation of America (PKG)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PKG share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 37 | $12.01B |
| Q1 2026 | 37 | $10.49B |
| Q4 2025 | 36 | $9.62B |
| Q3 2025 | 37 | $10.77B |
| Q2 2025 | 34 | $8.31B |
| Q1 2025 | 34 | $6.38B |
| Q4 2024 | 29 | $6.04B |
| Q3 2024 | 26 | $3.13B |
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- FMR LLC (Fidelity)−187.2K (-16%)
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- Morgan Stanley−129.1K (-9%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 270 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PKG filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Aug 5, 2026 | - | - | - |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| 4 | May 28, 2026 | - | - | |
| SC 13G | May 15, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 8-K | May 13, 2026 | - | Analysis | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 8-K | Apr 23, 2026 | - | Analysis | - |
| 4 | Mar 31, 2026 | - | - | - |
| 4 | Mar 31, 2026 | - | - | - |
| 4 | Mar 31, 2026 | - | - | - |
| 4 | Mar 31, 2026 | - | - | - |
| 4 | Mar 31, 2026 | - | - | - |
| 4 | Mar 31, 2026 | - | - | - |
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PKG SEC filings: frequently asked questions
Are PKG insiders buying or selling?
In the last 90 days, Packaging Corporation of America (PKG) officers, directors and 10% owners reported no open-market purchases and 4 open-market sales worth $10.2 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PKG stock?
As of June 30, 2026, the largest Packaging Corporation of America (PKG) holders among the 13F filers tracked by SignalX were BlackRock ($1.8 billion), T. Rowe Price Group ($1.4 billion), Vanguard Capital Management LLC ($1.4 billion), State Street Corp ($1.1 billion), Vanguard Portfolio Management LLC ($1.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PKG's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Packaging Corporation of America (PKG) reported revenue of $9.0 billion (up 7.2% from FY2024) and net income of $774.1 million. Diluted EPS was $8.58. The figures come from the XBRL data in the 10-K.
What are the main risks in PKG's latest 10-K?
In the 10-K filed February 26, 2026, Packaging Corporation of America (PKG) flagged: ODP (formerly Office Depot) represents 58% of Paper segment sales and 4% of consolidated sales; agreement expires December 31, 2026. $4.0B debt outstanding with $1.0B at floating rates; $573M undrawn revolving credit facility as of December 31, 2025. (AI summary of the Risk Factors section.)
What did PKG report in its latest 8-K?
Packaging Corporation of America (PKG) filed an 8-K on July 23, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 financial results announced by Packaging Corporation of America.
What are the latest PKG SEC filings?
Packaging Corporation of America (PKG) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on July 23, 2026 and a Form 4 insider filing on August 24, 2026.
What is PKG's SEC CIK number?
Packaging Corporation of America (PKG)'s SEC Central Index Key (CIK) is 75677. EDGAR lists every PKG filing under that number.
Ask anything about PKG
The research agent reads PKG's filings, financials, insider trades and 13F holders, then answers with sources.