Filing Flows › Packaging Corp of America (PKG) › How it makes money
How Packaging Corp of America (PKG) makes money
Packaging Corp of America (PKG) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Packaging brought in $2.4B (93%); Paper brought in $163M (6%); Corporate and Other brought in $24.5M (1%). Of every dollar of revenue, 23¢ was left as gross profit, 15¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Packaging | $2.4B | 92.8% | +4% | +13% |
| Paper | $163M | 6.3% | +4% | +1% |
| Corporate and Other | $24.5M | 0.9% | +15% | +2% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.6B | 100.0% |
| Cost of revenue | $2.0B | 76.8% |
| Gross profit | $604M | 23.2% |
| Operating expenses | $219M | 8.4% |
| Operating profit | $385M | 14.8% |
| Income tax | $91.9M | 3.5% |
| Net earnings | $262M | 10.1% |
| Operating cash flow | $472M | 18.1% |
| Free cash flow | $224M | 8.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.6B | +12% |
| Q2 2026 | $2.5B | +15% |
| Q1 2026 | $2.4B | +11% |
| Q4 2025 | $2.4B | +10% |
| Q3 2025 | $2.3B | +6% |
| Q2 2025 | $2.2B | +5% |
| Q1 2025 | $2.1B | +8% |
From Packaging Corp of America's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Packaging Corp of America make money?
Packaging Corp of America (PKG) made $2.6B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Packaging brought in $2.4B (93%); Paper brought in $163M (6%); Corporate and Other brought in $24.5M (1%). Of every dollar of revenue, 23¢ was left as gross profit, 15¢ was left as operating profit, 10¢ was left as net earnings.
What is Packaging Corp of America's biggest business?
Packaging: $2.4B in the third quarter 2026, 93% of revenue, +13% from a year earlier.
What is Packaging Corp of America's profit margin?
Net earnings were $262M, 10.1% of revenue, in the third quarter 2026; the operating margin was 14.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.