Packaging Corporation of America (PKG) FCF Payout Ratio: 67.32%
Is Packaging Corporation of America’s FCF payout ratio high or low?
Packaging Corporation of America's FCF payout ratio of 67.32% is in line with its 5-year average of 65.03%, around the middle of its 5-year range (48.99%–86.06%).
8.88% below its 12-month average of 73.88%.
PKG FCF Payout Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
PKG Average FCF Payout Ratio Chart
PKG Current vs Average FCF Payout Ratio Chart
PKG FCF Payout Ratio Metrics
FCF PAYOUT RATIO
67.32%
FCF PAYOUT RATIO AVG TTM
73.88%
FCF PAYOUT RATIO AVG 3Y
65.88%
FCF PAYOUT RATIO AVG 5Y
65.03%
FCF PAYOUT RATIO AVG 10Y
54.72%
FCF PAYOUT RATIO AVG 15Y
51.69%
FCF PAYOUT RATIO AVG 20Y
55.82%
CURRENT VS TTM AVG
-8.88%
CURRENT VS 3Y AVG
+2.18%
CURRENT VS 5Y AVG
+3.52%
CURRENT VS 10Y AVG
+23.03%
CURRENT VS 15Y AVG
+30.23%
CURRENT VS 20Y AVG
+20.60%
Payout Ratio Comparison
FCF Payout Ratio
67.3%
Earnings Payout Ratio
61.0%
Dividend Yield
2.25%
FCF Yield
3.39%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $728.60M | $449.60M | 61.7% |
| 2024 | $521.50M | $448.80M | 86.1% |
| 2023 | $845.40M | $448.90M | 53.1% |
| 2022 | $670.80M | $420.30M | 62.7% |
| 2021 | $489.00M | $379.80M | 77.7% |
| 2020 | $611.60M | $299.60M | 49.0% |
| 2019 | $807.90M | $298.70M | 37.0% |
| 2018 | $628.70M | $268.10M | 42.6% |
| 2017 | $513.10M | $237.60M | 46.3% |
| 2016 | $526.90M | $216.10M | 41.0% |
| 2015 | $448.10M | $200.80M | 44.8% |
| 2014 | $315.90M | $157.40M | 49.8% |
| 2013 | $373.78M | $109.14M | 29.2% |
| 2012 | $275.68M | $117.85M | 42.7% |
| 2011 | $52.25M | $76.01M | 145.5% |
| 2010 | $27.09M | $61.80M | 228.1% |
| 2009 | $191.93M | $76.90M | 40.1% |
| 2008 | $136.35M | $125.06M | 91.7% |
| 2007 | $186.70M | $105.05M | 56.3% |
| 2006 | $158.41M | $105.05M | 66.3% |
| 2005 | $117.42M | $96.87M | 82.5% |
| 2004 | $106.73M | $29.29M | 27.4% |
| 2003 | $131.66M | $0 | 0.0% |
| 2002 | $132.61M | $0 | 0.0% |
| 2001 | $182.27M | $0 | 0.0% |
| 2000 | $205.31M | $0 | 0.0% |
| 1999 | $160.20M | $0 | 0.0% |
| 1998 | $92.00M | $0 | 0.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Packaging Corporation of America FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Packaging Corporation of America FCF Payout Ratio FAQ
- What is the FCF payout ratio for Packaging Corporation of America (PKG)?
- The FCF payout ratio for PKG stock is 67.32%.
- Is Packaging Corporation of America's FCF payout ratio high or low?
- Packaging Corporation of America's FCF payout ratio of 67.32% is in line with its 5-year average of 65.03%, around the middle of its 5-year range (48.99%–86.06%).
- What is the TTM average FCF payout ratio for Packaging Corporation of America (PKG)?
- The TTM average FCF payout ratio for PKG stock is 73.88%.
- What is the 3Y average FCF payout ratio for Packaging Corporation of America (PKG)?
- The 3Y average FCF payout ratio for PKG stock is 65.88%.
- What is the 5Y average FCF payout ratio for Packaging Corporation of America (PKG)?
- The 5Y average FCF payout ratio for PKG stock is 65.03%.
- What is the 10Y average FCF payout ratio for Packaging Corporation of America (PKG)?
- The 10Y average FCF payout ratio for PKG stock is 54.72%.
- What is the 15Y average FCF payout ratio for Packaging Corporation of America (PKG)?
- The 15Y average FCF payout ratio for PKG stock is 51.69%.
- What is the 20Y average FCF payout ratio for Packaging Corporation of America (PKG)?
- The 20Y average FCF payout ratio for PKG stock is 55.82%.
Packaging Corporation of America FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 61.71% |
| 2024-12-31 | 86.06% |
| 2023-12-31 | 53.10% |
| 2022-12-31 | 62.66% |
| 2021-12-31 | 77.67% |
| 2020-12-31 | 48.99% |
| 2019-12-31 | 36.97% |
| 2018-12-31 | 42.64% |
| 2017-12-31 | 46.31% |
| 2016-12-31 | 41.01% |
| 2015-12-31 | 44.81% |
| 2014-12-31 | 49.83% |
| 2013-12-31 | 29.20% |
| 2012-12-31 | 42.75% |
| 2011-12-31 | 145.49% |
| 2010-12-31 | 228.10% |
| 2009-12-31 | 40.06% |
| 2008-12-31 | 91.72% |
| 2007-12-31 | 56.26% |
| 2006-12-31 | 66.32% |
| 2005-12-31 | 82.50% |
| 2004-12-31 | 27.45% |
About Packaging Corporation of America
Packaging Corporation of America (PCA) is a U.S.-based enterprise specializing in the production and sale of containerboard and corrugated packaging materials. Its operations are organized into two primary divisions: Packaging and Paper. The Packaging division offers an extensive array of containerboard and corrugated solutions. These encompass conventional shipping containers designed for safeguarding and transporting manufactured goods, vibrant multi-color boxes and point-of-sale displays aimed at enhancing product merchandising in retail environments, and honeycomb protective packaging. This segment also provides specialized packaging for perishable goods like meat and fresh produce, processed foods, beverages, and a broad spectrum of other industrial and consumer products. Its corrugated offerings reach customers through a multi-channel approach, utilizing a dedicated direct sales and marketing team, independent brokers, and various distribution partners. Meanwhile, the Paper segment focuses on manufacturing and distributing a range of commodity and specialty papers. This includes communication papers, such as standard cut-size office paper, along with specialized printing and converting papers. Sales of its white paper products are managed directly by its internal sales and marketing organization. Tracing its origins back to 1867, Packaging Corporation of America maintains its corporate headquarters in Lake Forest, Illinois.
- Sector
- Consumer Cyclical
- Industry
- Packaging & Containers
- CEO
- Mark W. Kowlzan