Packaging Corp of America (PKG)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,075,200 | 1,101,700 | 1,203,400 | 1,334,800 | 1,420,600 | 1,488,300 | 1,480,800 | 1,359,600 | 1,241,400 | 1,075,000 | 931,700 | 753,200 | 724,000 | 769,800 | 823,100 | 987,400 | 1,053,700 | 1,105,300 | 1,141,000 | 1,130,200 |
| Revenue (ttm) | US$ in thousands | 7,717,200 | 7,752,600 | 7,939,800 | 8,213,600 | 8,363,200 | 8,305,800 | 8,173,700 | 7,815,000 | 7,480,100 | 7,299,000 | 6,993,000 | 6,658,500 | 6,572,600 | 6,578,400 | 6,634,200 | 6,855,700 | 6,877,900 | 6,904,500 | 6,989,000 | 8,786,200 |
| Operating profit margin | 13.93% | 14.21% | 15.16% | 16.25% | 16.99% | 17.92% | 18.12% | 17.40% | 16.60% | 14.73% | 13.32% | 11.31% | 11.02% | 11.70% | 12.41% | 14.40% | 15.32% | 16.01% | 16.33% | 12.86% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,075,200K ÷ $7,717,200K
= 13.93%
Packaging Corp Of America's operating profit margin has exhibited a declining trend over the past eight quarters, from 17.48% in Q4 2022 to 14.33% in Q4 2023. This indicates that the company's profitability from its core operations has been decreasing. The highest operating profit margin was recorded in Q2 2022 at 18.29%, followed by Q3 2022 at 18.10%.
The recent decrease in operating profit margin may suggest potential challenges in managing costs or generating revenue efficiently. Further analysis of the company's cost structure, pricing strategies, and overall business performance is warranted to identify the factors contributing to this downward trend and to explore opportunities for improvement.
Peer comparison
Dec 31, 2023