PACKAGING CORP OF AMERICA vs REYNOLDS CONSUMER PRODUCTS INC., two Paper & Packaging stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Returns on equity sit close, 16.16% at Packaging Corp and 14.53% at Reynolds, and net margins nearly match, 8.04% against 8.7%. The prices do not match. Packaging Corp costs 29.35 times earnings and 4.69 times book; Reynolds costs 17.2 times and 2.51 times. Reynolds also pays more, 3.43% against 2.07%, converts more to free cash, 5.74% against 3.26%, and carries slightly less debt, 0.68 against 0.86. The premium buys Packaging Corp's scale, $21.5B against $5.7B, and its direct link to industrial box demand. On the per-dollar measures, though, the branded consumer packager is the cheaper way to own similar profitability.
Comparison updated 2026-07-11.
| Metric | PKG | REYN |
|---|---|---|
| Price | $228.98 | $26.25 |
| Market cap | $20.4B | $5.6B |
| Sector | Paper & Packaging | Paper & Packaging |
| Stage | Mature | Mature |
| Implied growth (priced in) | +11.3% | +7.5% |
| P/E | 27.8 | 16.8 |
| P/B | 4.45 | 2.45 |
| P/S | 2.21 | 1.47 |
| EV/EBITDA | 13.2 | 51.6 |
| Revenue growth | +7.8% | +2.9% |
| Gross margin | 19.1% | 23.6% |
| Operating margin | 10.6% | — |
| Net margin | 8.0% | 8.7% |
| Return on equity | 16.2% | 14.5% |
| Return on assets | 6.9% | 6.7% |
| Return on invested capital | 9.8% | — |
| FCF yield | 3.4% | 5.9% |
| Dividend yield | 2.2% | 3.5% |
| Debt / equity | 0.86 | 0.68 |
| Current ratio | 3.07 | 1.79 |
| Altman Z (solvency) | 7.68 | 2.37 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.