Packaging Corp of America (PKG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 765,200 | 1,029,800 | 841,100 | 461,000 | 696,400 |
| Revenue | US$ in thousands | 7,717,400 | 8,363,100 | 7,482,900 | 6,538,200 | 6,788,300 |
| Net profit margin | 9.92% | 12.31% | 11.24% | 7.05% | 10.26% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $765,200K ÷ $7,717,400K
= 9.92%
Packaging Corp Of America's net profit margin has fluctuated over the past five years. In 2023, the net profit margin decreased to 9.73% from 12.05% in 2022. Despite this decline, the company's profitability remains relatively healthy compared to previous years - with a peak of 12.05% in 2022. The net profit margin in 2021 was 10.80%, showing a slight decrease from the previous year. In 2020, the net profit margin was 6.87%, indicating a lower level of profitability compared to the surrounding years. In 2019, the net profit margin stood at 9.92%, which is slightly higher than the most recent financial year. Overall, the trend in net profit margin for Packaging Corp Of America suggests some variability, with potential factors impacting profitability across the observed years.
Peer comparison
Dec 31, 2023