Packaging Corporation of America (PKG) Stock Buyback History
TTM buyback yield 1.17% · Shareholder yield (TTM) 1.17%.
TTM buyback yield
1.17%
Shareholder yield (TTM)
1.17%
5Y share count change
-5.1%
TTM buyback spend
$219.80M
SBC coverage (TTM)
8.02x
YoY change in spend
+495.3%
5Y CAGR of spend
+70.9%
Peak year (2022)
$538.00M
Cumulative spend
$2.07B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Packaging Corporation of America (PKG) repurchased about $219.80M of stock over the trailing twelve months.
- Diluted share count is down 5.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 8.02× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +70.9% per year over the latest 5-year window.
- TTM repurchases used about 87% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $153.00M | $45.20M | $107.80M | 0.09B | 0.1% | 0.82% |
| 2024 | $25.70M | $48.80M | −$23.10M | 0.09B | 0.0% | 0.13% |
| 2023 | $57.20M | $40.00M | $17.20M | 0.09B | -3.5% | 0.39% |
| 2022 | $538.00M | $35.60M | $502.40M | 0.09B | -1.9% | 4.64% |
| 2021 | $205.90M | $35.50M | $170.40M | 0.09B | 0.1% | 1.61% |
| 2020 | $10.50M | $30.00M | −$19.50M | 0.09B | 0.3% | 0.08% |
| 2019 | $8.20M | $30.40M | −$22.20M | 0.09B | 0.2% | 0.08% |
| 2018 | $7.90M | $23.50M | −$15.60M | 0.09B | 0.2% | 0.10% |
| 2017 | $10.80M | $20.60M | −$9.80M | 0.09B | 0.0% | 0.10% |
| 2016 | $111.50M | $19.70M | $91.80M | 0.09B | -4.1% | 1.40% |
| 2015 | $163.40M | $18.20M | $145.20M | 0.10B | -0.7% | 2.66% |
| 2014 | $13.20M | $15.60M | −$2.40M | 0.10B | 0.9% | 0.17% |
| 2013 | $18.80M | $14.76M | $4.04M | 0.10B | 0.0% | 0.31% |
| 2012 | $45.20M | $11.69M | $33.51M | 0.10B | -2.9% | 1.22% |
| 2011 | $125.03M | $9.74M | $115.29M | 0.10B | -2.1% | 5.13% |
| 2010 | $38.90M | $7.01M | $31.89M | 0.10B | 0.2% | 1.49% |
| 2009 | $65.67M | $7.26M | $58.41M | 0.10B | -1.2% | 2.80% |
| 2008 | $70.05M | $8.70M | $61.36M | 0.10B | -1.8% | 5.13% |
| 2007 | $30.53M | $8.42M | $22.11M | 0.11B | 0.9% | 1.04% |
| 2006 | $0.00 | $6.06M | −$6.06M | 0.10B | -3.3% | — |
| 2005 | $93.11M | $1.68M | $91.43M | 0.11B | 0.5% | 3.93% |
| 2004 | $63.73M | $0.00 | $63.73M | 0.11B | 2.8% | 2.53% |
| 2003 | $17.52M | $0.00 | $17.52M | 0.10B | -2.4% | 0.76% |
| 2002 | $32.99M | $0.00 | $32.99M | 0.11B | -1.5% | 1.73% |
| 2001 | $38.33M | $0.00 | $38.33M | 0.11B | 3.7% | 2.00% |
| 2000 | $124.75M | $0.00 | $124.75M | 0.10B | 7.6% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 0.10B | 3.1% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 0.09B | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Packaging Corporation of America (PKG) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Packaging Corporation of America (PKG)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Packaging Corporation of America (PKG)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $153.00M | +495.3% | +$127.30M | ||
| 2024 | $25.70M | -55.1% | -$31.50M | ||
| 2023 | $57.20M | -89.4% | -$480.80M | ||
| 2022 | $538.00M | +161.3% | +$332.10M | ||
| 2021 | $205.90M | +1861.0% | +$195.40M | ||
| 2020 | $10.50M | +28.0% | +$2.30M | ||
| 2019 | $8.20M | +3.8% | +$300,000 | ||
| 2018 | $7.90M | -26.9% | -$2.90M | ||
| 2017 | $10.80M | -90.3% | -$100.70M | ||
| 2016 | $111.50M | -31.8% | -$51.90M | ||
| 2015 | $163.40M | +1137.9% | +$150.20M | ||
| 2014 | $13.20M | -29.8% | -$5.60M | ||
| 2013 | $18.80M | -58.4% | -$26.40M | ||
| 2012 | $45.20M | -63.8% | -$79.83M | ||
| 2011 | $125.03M | +221.4% | +$86.13M | ||
| 2010 | $38.90M | -40.8% | -$26.77M | ||
| 2009 | $65.67M | -6.3% | -$4.39M | ||
| 2008 | $70.05M | +129.5% | +$39.52M | ||
| 2007 | $30.53M | — | +$30.53M | ||
| 2006 | $0 | -100.0% | -$93.11M | ||
| 2005 | $93.11M | +46.1% | +$29.38M | ||
| 2004 | $63.73M | +263.8% | +$46.21M | ||
| 2003 | $17.52M | -46.9% | -$15.47M | ||
| 2002 | $32.99M | -13.9% | -$5.34M | ||
| 2001 | $38.33M | -69.3% | -$86.42M | ||
| 2000 | $124.75M | — | +$124.75M | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | — |
As of the 2025 fiscal year, Packaging Corporation of America (PKG) reported buyback spend of $153.00M – surged 495.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Packaging Corporation of America buyback spend compounded at +70.9% per year, with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, Packaging Corporation of America buyback spend plunged 71.6%, falling from $538.00M to $153.00M.
The dataset's maximum buyback spend sits at $538.00M (2022); the minimum reading of $0 dates to 1998.
Among 8 Consumer Cyclical peers, Packaging Corporation of America (PKG) ranks 5th; the peer median for buyback spend is $1.03B.
Packaging Corporation of America Buyback Spend 2025: $153.00M
Packaging Corporation of America buyback spend in 2025 was $153.00M, surged 495.3% from 2024.
Packaging Corporation of America Buyback Spend 2024: $25.70M
Packaging Corporation of America buyback spend in 2024 was $25.70M, plunged 55.1% below 2023.
Packaging Corporation of America Buyback Spend 2023: $57.20M
Packaging Corporation of America buyback spend in 2023 was $57.20M, plunged 89.4% below 2022.
Packaging Corporation of America Buyback Spend 2022: $538.00M
Packaging Corporation of America buyback spend in 2022 was $538.00M, surged 161.3% from 2021. This figure represents the highest annual value in the available history.
Packaging Corporation of America Buyback Spend 2021: $205.90M
Packaging Corporation of America buyback spend in 2021 was $205.90M.
See more financial history for Packaging Corporation of America (PKG).
Sector peers by buyback spend
Companies in the same sector as Packaging Corporation of America, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Alibaba (BABA) | $87.36B | Consumer Cyclical |
| Booking Holdings (BKNG) | $6.44B | Consumer Cyclical |
| TJX Companies (TJX) | $2.52B | Consumer Cyclical |
| McDonald's (MCD) | $2.06B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| Home Depot (HD) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 8.02×.
Capital allocation mix
How Packaging Corporation of America splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $253.00M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Packaging Corporation of America's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Packaging Corporation of America buy back its own stock?
Yes, Packaging Corporation of America (PKG) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Packaging Corporation of America spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $219.80M (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Packaging Corporation of America's buyback yield?
TTM buyback yield is about 1.17% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Packaging Corporation of America's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 1.17% combined (TTM-based where available).
Is Packaging Corporation of America diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Packaging Corporation of America's share count changed?
Diluted weighted average shares changed by about -5.1% over roughly five fiscal years (annual income statement data).
What is Packaging Corporation of America's buyback spend?
Latest reported buyback spend for Packaging Corporation of America (PKG) is $219.80M (period ending March 31, 2026).
How has Packaging Corporation of America buyback spend changed year-over-year?
Packaging Corporation of America (PKG) buyback spend changed +495.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Packaging Corporation of America buyback spend?
Packaging Corporation of America (PKG) buyback spend compound annual growth rate is +70.9% over the most recent 5 years available.
When did Packaging Corporation of America buyback spend hit its highest annual value?
Packaging Corporation of America buyback spend reached its highest annual value of $538.00M in 2022.
What was Packaging Corporation of America buyback spend in 2024?
Packaging Corporation of America (PKG) buyback spend in 2024 was $25.70M.
What was Packaging Corporation of America buyback spend in 2025?
Packaging Corporation of America (PKG) buyback spend in 2025 was $153.00M.
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