Packaging Corp of America (PKG)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,064,400 | 1,021,300 | 947,200 | 948,300 | 1,014,100 | 1,042,200 | 1,145,100 | 1,277,900 | 1,364,900 | 1,368,800 | 1,355,300 | 1,229,400 | 1,108,700 | 993,600 | 845,400 | 662,300 | 632,800 | 639,800 | 693,400 | 857,800 |
| Revenue (ttm) | US$ in thousands | 8,383,300 | 8,175,100 | 7,928,700 | 7,805,500 | 7,802,300 | 7,842,800 | 8,032,700 | 8,317,900 | 8,478,000 | 8,542,700 | 8,416,900 | 8,059,500 | 7,730,300 | 7,401,400 | 7,095,000 | 6,756,700 | 6,658,200 | 6,664,000 | 6,721,000 | 6,939,300 |
| Pretax margin | 12.70% | 12.49% | 11.95% | 12.15% | 13.00% | 13.29% | 14.26% | 15.36% | 16.10% | 16.02% | 16.10% | 15.25% | 14.34% | 13.42% | 11.92% | 9.80% | 9.50% | 9.60% | 10.32% | 12.36% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,064,400K ÷ $8,383,300K
= 12.70%
The pretax margin of Packaging Corp of America has shown fluctuations over the periods indicated. From March 31, 2020, to June 30, 2020, the margin decreased from 12.36% to 10.32%. Thereafter, there was a continued decline in the margin to 9.50% by December 31, 2020. However, there was a slight improvement in the following quarter, with the margin increasing to 9.80% by March 31, 2021.
Subsequently, there was a noticeable uptrend in the pretax margin, with significant increases recorded in the periods up to December 31, 2022, where the margin reached 16.10%. Following this peak, there was a modest decline to 12.15% by March 31, 2024. The margin remained relatively stable around the 12% mark through the end of September 30, 2024.
Overall, the pretax margin of Packaging Corp of America displays variability in profitability over time, with a mix of fluctuations and upward trends. The company experienced periods of both decline and growth in its pretax margin, highlighting the importance of closely monitoring and managing profitability metrics.
Peer comparison
Dec 31, 2024