Packaging Corp of America
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Packaging Corp of America (PKG). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| Packaging | $7.05B 90.3% | $7.78B 90.0% · +10.3% | $7.69B 91.7% · -1.2% | $8.29B 90.7% · +7.8% |
| Paper | $599.7M 7.7% | $622.1M 7.2% · +3.7% | $624.7M 7.5% · +0.4% | $615.4M 6.7% · -1.5% |
| Corporate and Other | $78.0M 1.0% | $243.4M 2.8% · +212.1% | $67.7M 0.8% · -72.2% | $234.1M 2.6% · +245.8% |
| Corporate and Other | $78.0M 1.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| Packaging | $1.31B 18.5% | – | $1.10B 14.3% | $1.13B 13.6% |
| Paper | – | – | $129.7M 20.8% | – |
| Corporate and Other | -$103.7M -132.9% | – | -$129.9M -191.9% | – |
| Corporate and Other | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|---|
| Trade | $6.66B 100.0% | $7.73B 100.0% · +16.1% | $8.48B 98.1% · +9.7% | $7.80B 100.0% · -8.0% | $8.99B 98.3% · +15.2% |
| Intersegment sales | – | – | $168.2M 1.9% | – | $154.1M 1.7% |
| Freight | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2025 |
|---|---|---|---|---|---|
| Trade | – | – | – | – | – |
| Intersegment sales | – | – | – | – | – |
| Freight | – | – | – | – | $0 |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.