Buyback yield (TTM)
1.17%
Shareholder yield (TTM)
3.56%
5Y share count change
-5.1%
Buyback spend (TTM)
$220M
Cumulative buybacks
$2.07B
Key takeaways
- Packaging Corporation of America (PKG) repurchased about $220M 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.
Dividend & buyback yield over time for Packaging Corporation of America (PKG)
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.
Diluted vs basic shares (annual) for Packaging Corporation of America (PKG)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Packaging Corporation of America (PKG)
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.
Cash buyback spend over time for Packaging Corporation of America (PKG)
Latest: $153M
Overview
As of the 2025 fiscal year, Packaging Corporation of America (PKG) reported buyback spend of $153M – 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 mixed annual results across the window.
Between 2022 and 2025, Packaging Corporation of America buyback spend plunged 71.6%, falling from $538M to $153M.
The record annual buyback spend stands at $538M, reached in 2022; the historical low of $0.00 was recorded in 1998.
Packaging Corporation of America Buyback Spend 2025: $153M
In 2025, Packaging Corporation of America reported buyback spend of $153M, surged 495.3% from 2024.
Packaging Corporation of America Buyback Spend 2024: $25.7M
Packaging Corporation of America buyback spend in 2024 was $25.7M, plunged 55.1% below 2023.
Packaging Corporation of America Buyback Spend 2023: $57.2M
2023's buyback spend for Packaging Corporation of America came in at $57.2M, plunged 89.4% below 2022.
Packaging Corporation of America Buyback Spend 2022: $538M
Packaging Corporation of America posted buyback spend of $538M in 2022, surged 161.3% from 2021. This figure represents the highest annual value in the available history.
Packaging Corporation of America Buyback Spend 2021: $206M
Packaging Corporation of America buyback spend in 2021 was $206M.
See more financial history for Packaging Corporation of America (PKG).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $153M | $45.2M | $108M | 0.82% | 89.6M | +0.1% | |
| 2024 | $25.7M | $48.8M | -$23.1M | 0.13% | 89.5M | 0.0% | |
| 2023 | $57.2M | $40M | $17.2M | 0.39% | 89.5M | -3.5% | |
| 2022 | $538M | $35.6M | $502M | 4.64% | 92.7M | -1.9% | |
| 2021 | $206M | $35.5M | $170M | 1.61% | 94.5M | +0.1% | |
| 2020 | $10.5M | $30M | -$19.5M | 0.08% | 94.4M | +0.3% | |
| 2019 | $8.2M | $30.4M | -$22.2M | 0.08% | 94.1M | +0.2% | |
| 2018 | $7.9M | $23.5M | -$15.6M | 0.10% | 93.9M | +0.2% | |
| 2017 | $10.8M | $20.6M | -$9.8M | 0.10% | 93.7M | 0.0% | |
| 2016 | $112M | $19.7M | $91.8M | 1.40% | 93.7M | -4.1% | |
| 2015 | $163M | $18.2M | $145M | 2.66% | 97.7M | -0.7% | |
| 2014 | $13.2M | $15.6M | -$2.4M | 0.17% | 98.4M | +0.9% | |
| 2013 | $18.8M | $14.8M | $4.04M | 0.31% | 97.5M | +0.0% | |
| 2012 | $45.2M | $11.7M | $33.5M | 1.22% | 97.5M | -2.9% | |
| 2011 | $125M | $9.74M | $115M | 5.13% | 100M | -2.1% | |
| 2010 | $38.9M | $7.01M | $31.9M | 1.49% | 103M | +0.2% | |
| 2009 | $65.7M | $7.26M | $58.4M | 2.80% | 102M | -1.2% | |
| 2008 | $70.1M | $8.7M | $61.4M | 5.13% | 104M | -1.8% | |
| 2007 | $30.5M | $8.42M | $22.1M | 1.04% | 105M | +0.9% | |
| 2006 | $0.00 | $6.06M | -$6.06M | — | 104M | -3.3% | |
| 2005 | $93.1M | $1.68M | $91.4M | 3.93% | 108M | +0.5% | |
| 2004 | $63.7M | $0.00 | $63.7M | 2.53% | 108M | +2.8% | |
| 2003 | $17.5M | $0.00 | $17.5M | 0.76% | 105M | -2.4% | |
| 2002 | $33M | $0.00 | $33M | 1.73% | 107M | -1.5% | |
| 2001 | $38.3M | $0.00 | $38.3M | 2.00% | 109M | +3.7% | |
| 2000 | $125M | $0.00 | $125M | — | 105M | +7.6% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 97.5M | +3.1% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 94.6M | — |
- 2025$153M
- 2024$25.7M
- 2023$57.2M
- 2022$538M
- 2021$206M
- 2020$10.5M
- 2019$8.2M
- 2018$7.9M
- 2017$10.8M
- 2016$112M
- 2015$163M
- 2014$13.2M
- 2013$18.8M
- 2012$45.2M
- 2011$125M
- 2010$38.9M
- 2009$65.7M
- 2008$70.1M
- 2007$30.5M
- 2006$0.00
- 2005$93.1M
- 2004$63.7M
- 2003$17.5M
- 2002$33M
- 2001$38.3M
- 2000$125M
- 1999$0.00
- 1998$0.00
Buybacks vs stock-based compensation for Packaging Corporation of America (PKG)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 8.02×.
Buybacks vs dividends (share of cash returned) for Packaging Corporation of America (PKG)
How Packaging Corporation of America splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Packaging Corporation of America, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.1B | |
| $0.00 | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.1B
- $0.00
- $0.00
- $0.00
- $0.00
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 $253M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.