PACKAGING CORP OF AMERICA vs Suzano S.A., two Paper & Packaging stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Packaging Corp makes finished boxes for the North American market; Suzano sells raw pulp priced on global commodity swings. Suzano earns a touch more on equity, 17.61% against 16.16%, and a much wider net margin, 15.44% against 8.04%, while carrying no net debt against Packaging Corp's 0.86. On price the gap is stark: 3.63 times earnings and 1.11 times book for Suzano against 29.35 times and 4.69 times for Packaging Corp. That gap is what the market charges for steady domestic converting over cyclical pulp. Suzano's 27.86% free cash flow yield likely reflects a cycle peak, not a run rate, so weigh it lightly. The steady converter is dear, the pulp seller cheap.
Comparison updated 2026-07-11.
| Metric | PKG | SUZ |
|---|---|---|
| Price | $228.98 | $8.06 |
| Market cap | $20.4B | $10.0B |
| Sector | Paper & Packaging | Paper & Packaging |
| Stage | Mature | Mature |
| Implied growth (priced in) | +11.3% | — |
| P/E | 27.8 | 3.8 |
| P/B | 4.45 | 1.16 |
| P/S | 2.21 | 1.02 |
| EV/EBITDA | 13.2 | 2.7 |
| Revenue growth | +7.8% | +7.3% |
| Gross margin | 19.1% | 30.6% |
| Operating margin | 10.6% | 27.0% |
| Net margin | 8.0% | 15.4% |
| Return on equity | 16.2% | 17.6% |
| Return on assets | 6.9% | 4.6% |
| Return on invested capital | 9.8% | 19.1% |
| FCF yield | 3.4% | 26.6% |
| Dividend yield | 2.2% | — |
| Debt / equity | 0.86 | 0.00 |
| Current ratio | 3.07 | 3.19 |
| Altman Z (solvency) | 7.68 | 0.83 |
| Piotroski F (quality) | 7 / 9 | 8 / 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.