Packaging Corp of America (PKG)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,075,100 | 1,420,700 | 1,241,400 | 723,900 | 1,053,700 |
| Revenue | US$ in thousands | 7,717,400 | 8,363,100 | 7,482,900 | 6,538,200 | 6,788,300 |
| Operating profit margin | 13.93% | 16.99% | 16.59% | 11.07% | 15.52% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,075,100K ÷ $7,717,400K
= 13.93%
Packaging Corp Of America's operating profit margin has shown variability over the past five years. In 2023, the operating profit margin decreased to 14.33%, down from 17.48% in 2022. This indicates a decline in the company's ability to generate profits from its core operations compared to the previous year. However, the operating profit margin in 2023 was higher than that of 2020 (12.46%) but lower than that of 2021 (16.77%) and 2019 (15.60%).
Overall, the trend in operating profit margin for Packaging Corp Of America fluctuated between 2019 and 2023, with some years showing improvements and others experiencing declines. This variability suggests that the company may have faced challenges in maintaining consistent profitability from its operations during this period.
Peer comparison
Dec 31, 2023