Packaging Corporation of America vs Smurfit Westrock
Smurfit Westrock is the larger business, with $31.18bn of revenue in fiscal 2025 against $8.99bn for Packaging Corporation of America (3.5 times as much). Smurfit Westrock grew faster (47.7% against 7.2%). Packaging Corporation of America kept more of each dollar of sales as profit: a net margin of 8.6% against 2.2%.
| Latest fiscal year | Packaging Corporation of AmericaPKG, 2025 | Smurfit WestrockSW, 2025 |
|---|---|---|
| Revenue | $8.99bn | $31.18bn |
| Revenue growth | 7.2% | 47.7% |
| Net income | $774m | $699m |
| Operating margin | — | 5.5% |
| Net margin | 8.6% | 2.2% |
| Return on equity | 17.2% | 3.9% |
| Free cash flow | $729m | $1.20bn |
| Cash | $529m | $892m |
| Total debt | $3.99bn | $13.77bn |
| Debt to equity | — | 75.2% |
| Dividend per share | — | $1.72 |
| Dividend yield | 1.9% | 4.1% |
| Share buybacks | $153m | $0 |
| Employees | 16,800 | 97,000 |
| Market value | $23.02bn | $22.76bn |
| Price vs our value range | Above our value range | — |
| Moat score | 64 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 4 sales |