Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenue | $6,658 | $7,730 | $8,478 | $7,802 | $8,383 |
Gross Profit | $1,369 | $1,873 | $2,091 | $1,699 | $1,783 |
Operating Income | $724 | $1,241 | $1,421 | $1,075 | $1,101 |
Net Income | $461 | $841 | $1,030 | $765 | $805 |
Edwyn
Over the analyzed 5-year period, Packaging Corp of America exhibited an overall upward trend in key financial metrics with some year-to-year fluctuations. Revenue increased from US$6.66 billion in 2020 to US$8.38 billion in 2024, with notable growth of about 16% from 2020 to 2021 and continued expansion in 2022. However, a temporary decline occurred in 2023 where revenue dipped to US$7.80 billion before rebounding in 2024. Gross profit followed a similar trajectory, rising from US$1.37 billion in 2020 to US$2.09 billion in 2022, then dropping to US$1.70 billion in 2023, and slightly recovering to US$1.78 billion in 2024. Operating income and net income demonstrated congruent movements, with operating income peaking at US$1.42 billion in 2022 before easing in 2023, and net income reaching US$1.03 billion in 2022 then declining to US$765 million in 2023 before a rebound in 2024. This performance pattern suggests that the company experienced robust growth in the early part of the period, with operational profitability strengthening until 2022. The sharp decline in 2023—exceeding 20% in net income relative to its 2022 peak—could be attributed to market pressures or temporary operational challenges, though the recovery observed in 2024 implies effective remediation. Overall, the data indicates that Packaging Corp of America maintains a sustainable financial foundation with strong revenue generation and profitability, even while navigating cyclical headwinds typical of the packaging industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.