PKG Packaging Corporation of America Common Stock
About Packaging Corporation of America Common Stock Company overview from Wikipedia
Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.
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Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.
## History and operations
The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America
In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited.
The company has acquired many companies, including Boise Inc. in 2013, TimBar Corporation and Columbus Container, Inc. in 2016, Sacramento Container Corporation in 2017, and Englander Container and Display in 2018.
The company's network consists of 6 containerboard mills, 2 white paper mills, 95 converting facilities, 10 creative design centers, 3 fulfillment centers, 8 packaging and supply centers, 2 training and resource centers, and 1 technical center.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
PKG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
PKG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 15, 2026 | $1.5000 |
| March 13, 2026 | $1.2500 |
| Dec. 15, 2025 | $1.2500 |
| Sept. 15, 2025 | $1.2500 |
| June 13, 2025 | $1.2500 |
| March 14, 2025 | $1.2500 |
| Dec. 20, 2024 | $1.2500 |
| Sept. 16, 2024 | $1.2500 |
| June 14, 2024 | $1.2500 |
| March 14, 2024 | $1.2500 |
| Dec. 15, 2023 | $1.2500 |
| Sept. 22, 2023 | $1.2500 |
| June 14, 2023 | $1.2500 |
| March 14, 2023 | $1.2500 |
| Dec. 16, 2022 | $1.2500 |
| Sept. 30, 2022 | $1.2500 |
| June 14, 2022 | $1.2500 |
| March 14, 2022 | $1.0000 |
| Dec. 17, 2021 | $1.0000 |
| Sept. 14, 2021 | $1.0000 |
PKG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 18.8%
- Buy 7 43.8%
- Hold 6 37.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-17Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $2.35 | $2.34 | 0.01% |
| March 31, 2026 | $2.40 | $2.15 | 0.25% |
| Dec. 31, 2025 | $2.32 | $2.43 | -0.11% |
| Sept. 30, 2025 | $2.73 | $2.84 | -0.11% |
| June 30, 2025 | $2.48 | $2.46 | 0.02% |
| March 31, 2025 | $2.31 | $2.23 | 0.08% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PKG | — | 24.0 | 7.2% | 8.6% | 17.2% | 21.0% |
| IP | $24.70B | -5.7 | 49.2% | -14.9% | -21.0% | — |
| AVY | $13.98B | 20.7 | 1.1% | 7.8% | 30.2% | 28.7% |
| SON | $4.30B | 4.3 | 41.7% | 13.3% | 34.1% | 20.9% |
| GPK | $4.44B | 10.2 | -2.2% | 5.1% | 14.0% | — |
| PACK | $457M | -12.0 | 7.1% | -9.7% | -7.1% | 33.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.99B | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B | $6.44B | $5.78B | $5.74B | |
| Cost of Revenue | $7.10B | $6.60B | $6.10B | $6.39B | $5.86B | $5.29B | $5.32B | $5.37B | $4.97B | $4.50B | $4.53B | |
| Gross Profit | $1.89B | $1.78B | $1.70B | $2.09B | $1.87B | $1.37B | $1.64B | $1.65B | $1.47B | $1.28B | $1.21B | |
| R&D Expense | · | · | · | · | $14M | $16M | $16M | $14M | $13M | $13M | $13M | |
| SG&A Expense | $634M | $610M | $581M | $609M | $577M | $540M | $558M | $536M | $520M | $468M | $451M | |
| Operating Income | $1.11B | $1.10B | $1.08B | $1.42B | $1.24B | $724M | $1.05B | $1.07B | $932M | $783M | $750M | |
| Pretax Income | $1.03B | $1.06B | $1.01B | $1.36B | $1.11B | $633M | $917M | $970M | $829M | $688M | $664M | |
| Income Tax | $254M | $259M | $249M | $335M | $268M | $172M | $221M | $232M | $160M | $239M | $228M | |
| Net Income | $774M | $805M | $765M | $1.03B | $841M | $461M | $696M | $738M | $669M | $450M | $437M | |
| EPS (Basic) | $8.61 | $8.97 | $8.52 | $11.08 | $8.87 | $4.86 | $7.36 | $7.82 | $7.09 | $4.76 | $4.47 | |
| EPS (Diluted) | $8.58 | $8.93 | $8.48 | $11.03 | $8.83 | $4.84 | $7.34 | $7.80 | $7.07 | $4.75 | $4.47 | |
| Shares (Basic) | 89,300,000 | 89,100,000 | 89,100,000 | 92,300,000 | 94,100,000 | 94,100,000 | 93,800,000 | 93,700,000 | 93,500,000 | 93,500,000 | 96,600,000 | |
| Shares (Diluted) | 89,600,000 | 89,500,000 | 89,500,000 | 92,700,000 | 94,500,000 | 94,400,000 | 94,100,000 | 93,900,000 | 93,700,000 | 93,700,000 | 96,700,000 | |
| EBITDA | $1.76B | $1.63B | $1.59B | $1.88B | $1.66B | $1.13B | $1.44B | $1.48B | $1.32B | · | $1.11B |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $529M | $685M | $648M | $320M | $619M | $975M | $680M | $362M | $217M | $239M | $184M | |
| Receivables | $1.26B | $1.14B | $1.03B | $1.03B | $1.07B | $832M | $846M | $902M | $831M | $689M | $636M | |
| Inventory | $1.24B | $1.12B | $1.01B | $977M | $902M | $788M | $794M | $796M | $762M | $724M | $677M | |
| Prepaid Expense | $86M | $167M | $62M | $58M | $47M | $45M | $45M | $39M | $36M | $30M | $29M | |
| Current Assets | $3.21B | $3.23B | $3.25B | $2.51B | $2.73B | $2.75B | $2.48B | $2.12B | $1.92B | $1.70B | $1.55B | |
| PP&E (Net) | $4.99B | $4.04B | $3.86B | $3.90B | $3.53B | $3.19B | $3.15B | $3.11B | $2.92B | $2.90B | $2.83B | |
| PP&E (Gross) | $10.64B | $9.31B | $8.81B | $8.51B | $7.87B | $7.31B | $7.00B | $6.69B | $6.31B | $6.01B | $5.71B | |
| Accum. Depreciation | $5.66B | $5.27B | $4.94B | $4.61B | $4.34B | $4.12B | $3.85B | $3.58B | $3.39B | $3.11B | $2.88B | |
| Goodwill | $1.37B | $922M | $922M | $922M | $924M | $864M | $919M | $917M | $883M | $738M | $544M | |
| Intangibles | $602M | $192M | $230M | $268M | $308M | $296M | $339M | $378M | $410M | $367M | $271M | |
| Other Non-current Assets | $109M | $105M | $67M | $42M | $45M | $53M | $56M | $50M | $64M | $80M | $71M | |
| Total Assets | $10.73B | $8.83B | $8.68B | $8.00B | $7.84B | $7.43B | $7.24B | $6.57B | $6.20B | $5.78B | $5.27B | |
| Accounts Payable | $471M | $430M | $402M | $410M | $452M | $387M | $352M | $382M | $403M | $324M | $294M | |
| Accrued Liabilities | $302M | $363M | $254M | $264M | $255M | $216M | $218M | $222M | $203M | $201M | $194M | |
| Current Liabilities | $1.02B | $1.00B | $1.27B | $876M | $885M | $783M | $724M | $694M | $833M | $625M | $562M | |
| Capital Leases | $291M | $208M | $212M | $235M | $179M | $174M | $178M | $18M | $19M | $20M | $22M | |
| Deferred Tax | $660M | $562M | $558M | $543M | $466M | $379M | $340M | $285M | $240M | $335M | $347M | |
| Other Non-current Liabilities | $83M | $81M | $61M | $57M | $58M | $59M | $55M | $60M | $71M | $60M | $60M | |
| Long-term Debt | $3.99B | $2.49B | $2.89B | $2.49B | $2.49B | $2.49B | $2.49B | $2.50B | $2.65B | $2.66B | $2.31B | |
| Total Debt | $3.97B | $2.47B | $2.87B | $2.47B | $2.47B | $2.48B | $2.48B | $2.48B | $2.63B | · | $2.31B | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $1M | |
| Retained Earnings | $3.93B | $3.78B | $3.45B | $3.19B | $3.10B | $2.84B | $2.70B | $2.32B | $1.87B | $1.45B | $1.32B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | $0 | |
| AOCI | $-42M | $-43M | $-71M | $-102M | $-75M | $-144M | $-160M | $-139M | $-157M | $-140M | $-125M | |
| Stockholders' Equity | $4.60B | $4.40B | $4.00B | $3.67B | $3.61B | $3.25B | $3.07B | $2.67B | $2.18B | $1.76B | $1.63B | |
| Liabilities + Equity | $10.73B | $8.83B | $8.68B | $8.00B | $7.84B | $7.43B | $7.24B | $6.57B | $6.20B | $5.78B | $5.27B |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $653M | $526M | $518M | $457M | $418M | $410M | $388M | $411M | $391M | $358M | $356M | |
| Stock-based Comp | $45M | $49M | $40M | $36M | $36M | $30M | $30M | $24M | $21M | $20M | $18M | |
| Deferred Tax | $97M | $-4M | $5M | $86M | $59M | $35M | $60M | $39M | $-84M | $-4M | $2M | |
| Amort. of Intangibles | $50M | $38M | $38M | $39M | $38M | $43M | $39M | $40M | $36M | $27M | $23M | |
| Other Non-cash | $-12M | $-184M | $-13M | $-113M | $-259M | $97M | $33M | $-31M | $-140M | · | $-51M | |
| Operating Cash Flow | $1.56B | $1.19B | $1.32B | $1.50B | $1.09B | $1.03B | $1.21B | $1.18B | $856M | $807M | $769M | |
| CapEx | $829M | $670M | $470M | $824M | $605M | $421M | $400M | $551M | $343M | $274M | $314M | |
| Investing Cash Flow | $-2.57B | $-278M | $-875M | $-834M | $-794M | $-426M | $-547M | $-608M | $-609M | $-770M | $-298M | |
| Debt Issued | · | $0 | $397M | $0 | $690M | $0 | $889M | · | $998M | $385M | $0 | |
| Net Debt Issued | · | $0 | $397M | $0 | $690M | · | $896M | · | $998M | · | $0 | |
| Stock Repurchased | $153M | $0 | $42M | $523M | $193M | $0 | $0 | · | · | $100M | $155M | |
| Net Stock Activity | $-153M | $0 | $-42M | $-523M | $-193M | · | · | · | · | · | $-155M | |
| Dividends Paid | $450M | $449M | $449M | $420M | $380M | $300M | $299M | $268M | $238M | $216M | $201M | |
| Financing Cash Flow | $859M | $-876M | $-112M | $-960M | $-656M | $-312M | $-343M | $-427M | $-269M | $18M | $-411M | |
| Net Change in Cash | $-156M | $37M | $328M | $-299M | $-356M | $295M | $318M | $145M | $-22M | $55M | $59M | |
| Taxes Paid | $174M | $269M | $212M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $729M | $522M | $845M | $671M | $489M | $612M | $808M | $629M | $513M | · | $448M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.0% | 21.3% | 21.8% | 24.7% | 24.2% | 20.6% | 23.6% | 23.5% | 22.8% | · | 21.0% | |
| Operating Margin | 12.3% | 13.1% | 13.8% | 16.8% | 16.1% | 10.9% | 15.1% | 15.2% | 14.4% | · | 13.1% | |
| Net Margin | 8.6% | 9.6% | 9.8% | 12.2% | 10.9% | 6.9% | 10.0% | 10.5% | 10.4% | · | 7.6% | |
| Pretax Margin | 11.4% | 12.7% | 13.0% | 16.1% | 14.3% | 9.5% | 13.2% | 13.8% | 12.9% | · | 11.6% | |
| EBITDA Margin | 19.6% | 19.4% | 20.4% | 22.1% | 21.5% | 17.0% | 20.7% | 21.1% | 20.5% | · | 19.3% | |
| ROA | 7.9% | 9.2% | 9.2% | 13.0% | 11.0% | 6.3% | 10.1% | 11.6% | 11.2% | · | 8.3% | |
| ROE | 17.2% | 19.2% | 20.0% | 28.3% | 24.6% | 14.6% | 24.2% | 30.4% | 33.9% | · | 27.7% | |
| ROIC | 9.7% | 12.1% | 11.8% | 17.5% | 15.5% | 9.2% | 14.4% | 15.8% | 15.6% | · | 12.5% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.2 | 3.2 | 2.6 | 2.9 | 3.1 | 3.5 | 3.4 | 3.0 | 2.3 | · | 2.8 | |
| Quick Ratio | 1.8 | 1.8 | 1.3 | 1.5 | 1.9 | 2.3 | 2.1 | 1.8 | 1.3 | · | 1.5 | |
| Debt / Equity | 0.9 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 1.2 | · | 1.4 | |
| LT Debt / Equity | 0.9 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 1.1 | · | 1.4 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 1.0 | 0.9 | 1.1 | 1.0 | 0.9 | 1.0 | 1.1 | 1.1 | · | 1.1 | |
| Inventory Turnover | 6.0 | 6.2 | 6.1 | 6.8 | 6.9 | 6.7 | 6.7 | 6.9 | 6.7 | · | 6.8 | |
| Receivables Turnover | 7.5 | 7.7 | 7.6 | 8.1 | 8.1 | 7.9 | 8.0 | 8.1 | 8.5 | · | 9.0 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.2% | 7.4% | -8.0% | 9.7% | 16.1% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.0% | 2.7% | 5.4% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 6.2% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -3.9% | 5.3% | -23.1% | 24.9% | 82.4% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -8.0% | 0.38% | 20.5% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 12.1% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -3.9% | 5.2% | -25.7% | 22.4% | 82.5% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -9.1% | -1.5% | 18.4% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 10.9% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 8.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.99B | $8.38B | $7.80B | $8.48B | $7.73B | $6.66B | $6.96B | $7.01B | $6.44B | · | $5.74B | |
| Net Income TTM | $774M | $805M | $765M | $1.03B | $841M | $461M | $696M | $738M | $669M | · | $437M | |
| P/E | 24.0 | 25.2 | 19.2 | 11.6 | 15.4 | 28.5 | 15.3 | 10.7 | 17.1 | · | 14.1 | |
| Earnings Yield | 4.2% | 4.0% | 5.2% | 8.6% | 6.5% | 3.5% | 6.6% | 9.3% | 5.9% | · | 7.1% | |
| Payout Ratio | 58.1% | 55.7% | 58.7% | 40.8% | 45.2% | 65.0% | 42.9% | 36.3% | 35.5% | · | 46.0% | |
| Annual Payout | $450M | $449M | $449M | $420M | $380M | $300M | $299M | $268M | $238M | · | $201M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.49B | $2.37B | $2.36B | $2.31B | $2.17B | $2.14B | $2.15B | $2.18B | $2.08B | $1.98B | $1.94B | $1.94B | $1.95B | $1.98B | $1.98B | $2.13B | |
| Cost of Revenue | $1.98B | $1.91B | $1.92B | $1.81B | $1.69B | $1.69B | $1.68B | $1.68B | $1.64B | $1.61B | $1.53B | $1.52B | $1.51B | $1.54B | $1.53B | $1.61B | |
| Gross Profit | $512M | $453M | $448M | $504M | $483M | $455M | $470M | $505M | $438M | $370M | $410M | $413M | $445M | $431M | $450M | $518M | |
| SG&A Expense | $179M | $180M | $165M | $154M | $153M | $161M | $147M | $162M | $150M | $152M | $143M | $144M | $146M | $148M | $146M | $145M | |
| Operating Income | $291M | $251M | $168M | $324M | $334M | $280M | $302M | $327M | $276M | $196M | $261M | $259M | $284M | $271M | $288M | $360M | |
| Pretax Income | $259M | $220M | $135M | $305M | $321M | $267M | $292M | $319M | $267M | $188M | $248M | $244M | $268M | $253M | $276M | $347M | |
| Income Tax | $67M | $49M | $33M | $78M | $79M | $64M | $70M | $80M | $68M | $41M | $190M | $61M | $-65M | $63M | $65M | $85M | |
| Net Income | $192M | $171M | $102M | $227M | $242M | $204M | $221M | $238M | $199M | $147M | $189M | $183M | $203M | $190M | $212M | $262M | |
| EPS (Basic) | $2.16 | $1.92 | $1.14 | $2.52 | $2.68 | $2.27 | $2.46 | $2.65 | $2.22 | $1.64 | $2.11 | $2.04 | $2.25 | $2.12 | $2.34 | $2.81 | |
| EPS (Diluted) | $2.15 | $1.91 | $1.14 | $2.51 | $2.67 | $2.26 | $2.45 | $2.64 | $2.21 | $1.63 | $2.10 | $2.03 | $2.24 | $2.11 | $2.33 | $2.80 | |
| Shares (Basic) | 88,500,000 | 88,600,000 | -178,600,000 | 89,400,000 | 89,300,000 | 89,200,000 | -178,100,000 | 89,100,000 | 89,100,000 | 89,000,000 | -178,100,000 | 89,100,000 | 89,100,000 | 89,000,000 | -186,300,000 | 92,800,000 | |
| Shares (Diluted) | 89,000,000 | 89,100,000 | -179,400,000 | 89,700,000 | 89,700,000 | 89,600,000 | -178,900,000 | 89,500,000 | 89,500,000 | 89,400,000 | -178,900,000 | 89,500,000 | 89,500,000 | 89,400,000 | -187,200,000 | 93,200,000 | |
| EBITDA | $468M | $476M | · | $477M | $474M | $418M | · | $327M | $276M | $196M | · | $259M | $284M | $271M | · | $360M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $443M | $397M | $529M | $634M | $788M | $752M | $685M | $677M | $614M | $692M | · | $573M | $477M | $368M | · | $649M | |
| Receivables | $1.43B | $1.34B | $1.26B | $1.35B | $1.20B | $1.16B | $1.14B | $1.22B | $1.15B | $1.05B | · | $1.05B | $1.02B | $1.03B | · | $1.11B | |
| Inventory | $1.26B | $1.26B | $1.24B | $1.28B | $1.14B | $1.14B | $1.12B | $1.06B | $1.03B | $1.00B | · | $986M | $992M | $1.00B | · | $995M | |
| Prepaid Expense | $104M | $104M | $86M | $81M | $106M | $155M | $167M | $192M | $204M | $212M | · | $65M | $76M | $87M | · | $67M | |
| Current Assets | $3.42B | $3.26B | $3.21B | $3.50B | $3.34B | $3.30B | $3.23B | $3.24B | $3.48B | $3.45B | · | $2.77B | $2.67B | $2.59B | · | $2.91B | |
| PP&E (Net) | $5.01B | $5.00B | $4.99B | $5.04B | $4.12B | $4.08B | $4.04B | $3.98B | $3.96B | $3.86B | · | $3.86B | $3.89B | $3.90B | · | $3.81B | |
| PP&E (Gross) | $10.81B | $10.68B | $10.64B | $10.59B | $9.55B | $9.44B | $9.31B | $9.18B | $9.08B | $8.89B | · | $8.73B | $8.66B | $8.59B | · | $8.39B | |
| Accum. Depreciation | $5.80B | $5.68B | $5.66B | $5.55B | $5.43B | $5.36B | $5.27B | $5.20B | $5.12B | $5.02B | · | $4.87B | $4.78B | $4.70B | · | $4.57B | |
| Goodwill | $1.42B | $1.38B | $1.37B | $1.20B | $922M | $922M | $922M | $922M | $922M | $922M | $922M | $922M | $922M | $922M | · | $922M | |
| Intangibles | $566M | $584M | $602M | $691M | $173M | $182M | $192M | $201M | $211M | $220M | · | $239M | $249M | $258M | · | $277M | |
| Other Non-current Assets | $112M | $110M | $109M | $102M | $103M | $105M | $105M | $76M | $68M | $67M | · | $51M | $41M | $41M | · | $70M | |
| Total Assets | $11.02B | $10.78B | $10.73B | $10.98B | $9.04B | $8.97B | $8.83B | $8.75B | $8.98B | $8.86B | $8.68B | $8.18B | $8.11B | $8.05B | $8.00B | $8.34B | |
| Accounts Payable | $617M | $557M | $471M | $554M | $491M | $481M | $430M | $460M | $474M | $450M | · | $406M | $366M | $410M | · | $485M | |
| Accrued Liabilities | $272M | $238M | $302M | $298M | $238M | $262M | $363M | $393M | $346M | $304M | · | $245M | $220M | $185M | · | $260M | |
| Current Liabilities | $1.16B | $1.06B | $1.02B | $1.11B | $943M | $1.01B | $1.00B | $1.10B | $1.43B | $1.40B | · | $1.28B | $798M | $829M | · | $963M | |
| Capital Leases | $325M | $290M | $291M | $287M | $241M | $235M | $208M | $189M | $197M | $201M | · | $213M | $222M | $225M | · | $221M | |
| Deferred Tax | $681M | $678M | $660M | $672M | $565M | $571M | $562M | $540M | $552M | $566M | · | $537M | $539M | $546M | · | $514M | |
| Other Non-current Liabilities | $96M | $81M | $83M | $85M | $81M | $82M | $81M | $80M | $79M | $65M | · | $60M | $62M | $58M | · | $61M | |
| Long-term Debt | · | · | $3.99B | $3.99B | · | · | $2.49B | $2.49B | $2.87B | $2.87B | · | $2.49B | · | · | · | · | |
| Total Debt | $3.97B | $3.97B | · | $3.97B | $2.48B | $2.47B | · | $2.47B | $2.87B | $2.87B | · | $2.48B | $2.47B | $2.47B | · | $2.47B | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | · | $900.0K | $900.0K | $900.0K | · | $900.0K | |
| Retained Earnings | $3.96B | $3.91B | $3.93B | $4.09B | $3.97B | $3.85B | $3.78B | $3.67B | $3.54B | $3.46B | · | $3.37B | $3.34B | $3.26B | · | $3.44B | |
| AOCI | $-40M | $-41M | $-42M | $-40M | $-41M | $-42M | $-43M | $-67M | $-69M | $-70M | · | $-97M | $-99M | $-100M | · | $-74M | |
| Stockholders' Equity | $4.66B | $4.59B | $4.60B | $4.76B | $4.63B | $4.50B | $4.40B | $4.26B | $4.13B | $4.03B | · | $3.89B | $3.85B | $3.76B | · | $3.97B | |
| Liabilities + Equity | $11.02B | $10.78B | $10.73B | $10.98B | $9.04B | $8.97B | $8.83B | $8.75B | $8.98B | $8.86B | · | $8.18B | $8.11B | $8.05B | · | $8.34B |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $176M | $225M | $222M | $153M | $141M | $138M | $136M | $133M | $128M | $128M | · | · | · | · | · | · | |
| Stock-based Comp | $17M | $15M | $9M | $8M | $10M | $18M | $9M | $10M | $10M | $19M | $8M | $8M | $10M | $15M | $7M | $7M | |
| Deferred Tax | $4M | $17M | $-12M | $107M | $-6M | $9M | $14M | $-12M | $-14M | $8M | $13M | $-2M | $-8M | $3M | $39M | $18M | |
| Amort. of Intangibles | $18M | $18M | $18M | $12M | $9M | $9M | $9M | $9M | $9M | $10M | $10M | $10M | $10M | $10M | $9M | $10M | |
| Other Non-cash | · | $-100M | · | · | · | $-29M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $376M | $329M | $447M | $472M | $300M | $339M | $325M | $327M | $278M | $260M | $335M | $340M | $360M | $280M | $420M | $431M | |
| CapEx | $206M | $165M | $319M | $192M | $170M | $148M | $201M | $147M | $245M | $77M | $141M | $90M | $126M | $112M | $247M | $180M | |
| Investing Cash Flow | $-217M | $-261M | $-286M | $-2.00B | $-143M | $-144M | $-203M | $249M | $-243M | $-81M | $-544M | $-89M | $-127M | $-115M | $-252M | $-184M | |
| Stock Repurchased | $0 | $59M | · | · | $0 | $0 | $0 | · | · | · | $0 | · | · | · | $381M | · | |
| Net Stock Activity | · | $-59M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $111M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $112M | $116M | $117M | |
| Financing Cash Flow | $-114M | $-200M | $-266M | $1.37B | $-121M | $-128M | $-114M | $-513M | $-114M | $-135M | $284M | $-154M | $-124M | $-117M | $-497M | $-265M | |
| Net Change in Cash | $46M | $-132M | $-105M | $-154M | $36M | $67M | $8M | $63M | $-79M | $44M | $75M | $96M | $109M | $48M | $-329M | $-19M | |
| Taxes Paid | $78M | $18M | $15M | $19M | $125M | $15M | $82M | $77M | $100M | $10M | $59M | $63M | $83M | $7M | · | $77M | |
| Free Cash Flow | · | $165M | · | · | · | $191M | · | · | · | $184M | · | · | · | $168M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.6% | 19.1% | · | 21.8% | 22.2% | 21.2% | · | 23.2% | 21.1% | 18.7% | · | 21.3% | 22.8% | 21.8% | · | 24.4% | |
| Operating Margin | 11.7% | 10.6% | · | 14.0% | 15.4% | 13.1% | · | 15.0% | 13.3% | 9.9% | · | 13.4% | 14.6% | 13.7% | · | 17.0% | |
| Net Margin | 7.7% | 7.2% | · | 9.8% | 11.1% | 9.5% | · | 10.9% | 9.6% | 7.4% | · | 9.5% | 10.4% | 9.6% | · | 12.3% | |
| Pretax Margin | 10.4% | 9.3% | · | 13.2% | 14.8% | 12.5% | · | 14.6% | 12.8% | 9.5% | · | 12.6% | 13.7% | 12.8% | · | 16.3% | |
| EBITDA Margin | 18.8% | 20.1% | · | 20.6% | 21.9% | 19.5% | · | 15.0% | 13.3% | 9.9% | · | 13.4% | 14.6% | 13.7% | · | 17.0% | |
| ROA | 1.9% | 1.7% | · | 2.3% | 2.7% | 2.3% | · | 2.8% | 2.3% | 1.7% | · | 2.2% | 2.5% | 2.4% | · | 3.1% | |
| ROE | 4.1% | 3.8% | · | 5.0% | 5.5% | 4.8% | · | 5.8% | 5.0% | 3.8% | · | 4.7% | 5.2% | 5.0% | · | 6.9% | |
| ROIC | 2.5% | 2.3% | · | 2.8% | 3.5% | 3.1% | · | 3.6% | 5.0% | 2.2% | · | 3.0% | 3.4% | 3.3% | · | 4.2% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.9 | 3.1 | · | 3.2 | 3.5 | 3.3 | · | 2.9 | 2.4 | 2.5 | · | 2.2 | 3.3 | 3.1 | · | 3.0 | |
| Quick Ratio | 1.6 | 1.6 | · | 1.8 | 2.1 | 1.9 | · | 1.7 | 1.2 | 1.2 | · | 1.3 | 1.9 | 1.7 | · | 1.8 | |
| Debt / Equity | 0.9 | 0.9 | · | 0.8 | 0.5 | 0.6 | · | 0.6 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.6 | |
| LT Debt / Equity | 0.9 | 0.9 | · | 0.8 | 0.5 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.5 | 0.6 | 0.7 | · | 0.6 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| Inventory Turnover | 1.6 | 1.6 | · | 1.5 | 1.6 | 1.6 | · | 1.6 | 1.6 | 1.6 | · | 1.5 | 1.5 | 1.6 | · | 1.7 | |
| Receivables Turnover | 1.9 | 1.9 | · | 1.8 | 1.9 | 1.9 | · | 1.9 | 1.9 | 1.9 | · | 1.8 | 1.7 | 1.8 | · | 2.0 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $9.34B | $8.99B | · | $8.81B | $8.57B | $8.38B | · | $8.17B | $7.94B | $7.84B | · | $7.99B | $8.29B | $8.48B | · | $8.50B | |
| Net Income TTM | $831M | $843M | · | $910M | $882M | $788M | · | $767M | $732M | $723M | · | $838M | $957M | $1.01B | · | $1.07B | |
| P/E | 25.8 | 22.7 | · | 21.6 | 19.3 | 22.7 | · | 25.3 | 22.5 | 23.7 | · | 16.7 | 12.8 | 12.8 | · | 9.9 | |
| Earnings Yield | 3.9% | 4.4% | · | 4.6% | 5.2% | 4.4% | · | 4.0% | 4.4% | 4.2% | · | 6.0% | 7.8% | 7.8% | · | 10.1% | |
| Payout Ratio | · | 65.5% | · | · | · | 55.1% | · | · | · | 76.2% | · | · | · | 59.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Revenue | $8.99B | — | — | $8.38B | — |
| Gross Margin % | 21.0% | — | — | 21.3% | — |
| Operating Margin % | 12.3% | — | — | 13.1% | — |
| Net Income | $774M | — | — | $805M | — |
| Diluted EPS | $8.58 | — | — | $8.93 | — |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.9 | — | — | 0.6 | — |
| Current Ratio | 3.2 | — | — | 3.2 | — |
| Quick Ratio | 1.8 | — | — | 1.8 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $729M | — | — | $522M | — |
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Institutional owners (13F) 966 filers · $13.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 94 (-24 vs prior Q) | 69 (-9 vs prior Q) | 331 (+21 vs prior Q) | 289 (+5 vs prior Q) | +6.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $2,140,295,980 | 10,378,199 | 15.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,382,935,183 | 5,803,824 | 9.94% | Shares |
| STATE STREET CORP | $1,106,459,203 | 4,615,464 | 7.96% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,048,452,730 | 4,400,087 | 7.54% | Shares |
| FIL Ltd | $639,390,068 | 2,683,356 | 4.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $523,350,105 | 2,205,812 | 3.76% | Shares |
| AMERICAN CENTURY COMPANIES INC | $479,258,612 | 2,011,324 | 3.45% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $412,219,635 | 1,729,980 | 2.96% | Shares |
| MILLENNIUM MANAGEMENT LLC | $403,346,087 | 1,692,740 | 2.90% | Shares |
| AMERIPRISE FINANCIAL INC | $389,521,363 | 1,634,478 | 2.80% | Shares |
| Boston Partners | $315,108,980 | 1,322,643 | 2.27% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $277,427,767 | 1,164,293 | 1.99% | Shares |
| Select Equity Group, L.P. | $267,002,033 | 1,120,539 | 1.92% | Shares |
| NORGES BANK | $256,908,730 | 1,078,180 | 1.85% | Shares |
| FMR LLC | $158,153,235 | 663,728 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $118,549,066 | 497,520 | 0.85% | Shares |
| BANK OF AMERICA CORP /DE/ | $101,230,399 | 424,838 | 0.73% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $95,900,790 | 402,471 | 0.69% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $84,897,019 | 356,291 | 0.61% | Shares |
| Atlas FRM LLC | $82,530,899 | 346,361 | 0.59% | Shares |
| Pictet Asset Management Holding SA | $80,225,540 | 336,686 | 0.58% | Shares |
| GOLDMAN SACHS GROUP INC | $69,759,644 | 292,763 | 0.50% | Shares |
| MORGAN STANLEY | $69,030,507 | 289,703 | 0.50% | Shares |
| Bahl & Gaynor LLC | $68,147,603 | 285,998 | 0.49% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $67,653,231 | 283,923 | 0.49% | Shares |
| NEUBERGER BERMAN GROUP LLC | $66,444,812 | 278,852 | 0.48% | Shares |
| Balyasny Asset Management L.P. | $64,861,722 | 272,208 | 0.47% | Shares |
| Summit Financial Strategies, Inc. | $63,167,790 | 265,099 | 0.45% | Shares |
| EARNEST PARTNERS LLC | $60,512,874 | 253,957 | 0.44% | Shares |
| RAYMOND JAMES FINANCIAL INC | $60,109,895 | 252,266 | 0.43% | Shares |
| Swiss National Bank | $59,832,108 | 251,100 | 0.43% | Shares |
| HighTower Advisors, LLC | $57,481,857 | 241,237 | 0.41% | Shares |
| FIRST TRUST ADVISORS LP | $56,830,654 | 238,505 | 0.41% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $56,758,296 | 238,200 | 0.41% | Shares |
| SCOPUS ASSET MANAGEMENT, L.P. | $55,447,756 | 232,700 | 0.40% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $51,360,020 | 215,545 | 0.37% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $50,808,921 | 213,232 | 0.37% | Shares |
| Retirement Systems of Alabama | $50,549,911 | 212,145 | 0.36% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $50,334,744 | 211,242 | 0.36% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $49,698,139 | 208,575 | 0.36% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $49,614,662 | 208,220 | 0.36% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $47,185,159 | 198,024 | 0.34% | Shares |
| Vanguard Global Advisers, LLC | $45,513,386 | 191,008 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $44,126,059 | 185,186 | 0.32% | Shares |
| CONNING INC. | $38,407,639 | 161,187 | 0.28% | Shares |
| California Public Employees Retirement System | $36,678,440 | 153,930 | 0.26% | Shares |
| BlackRock, Inc. | $35,997,198 | 151,071 | 0.26% | Shares |
| LPL Financial LLC | $35,926,252 | 150,773 | 0.26% | Shares |
| Cinctive Capital Management LP | $34,537,733 | 144,946 | 0.25% | Shares |
| Gotham Asset Management, LLC | $34,524,151 | 144,889 | 0.25% | Shares |
| BARCLAYS PLC | $33,315,118 | 139,815 | 0.24% | Shares |
| Quantinno Capital Management LP | $30,384,313 | 127,515 | 0.22% | Shares |
| Legal & General Group Plc | $30,352,346 | 127,381 | 0.22% | Shares |
| Bank of New York Mellon Corp | $28,596,936 | 120,014 | 0.21% | Shares |
| WELLS FARGO & COMPANY/MN | $26,959,268 | 113,141 | 0.19% | Shares |
| Zurich Insurance Group Ltd/FI | $26,941,843 | 113,068 | 0.19% | Shares |
| FIFTH THIRD BANCORP | $25,857,022 | 108,515 | 0.19% | Shares |
| STRS OHIO | $23,168,679 | 97,233 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $22,062,603 | 103,961 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $21,611,996 | 90,700 | 0.16% | Call option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $21,026,612 | 88,364 | 0.15% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $20,038,000 | 84,094 | 0.14% | Shares |
| UBS Group AG | $19,968,817 | 83,804 | 0.14% | Shares |
| ALLIANCEBERNSTEIN L.P. | $19,853,181 | 93,550 | 0.14% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $19,121,022 | 80,246 | 0.14% | Shares |
| Jain Global LLC | $19,090,040 | 80,116 | 0.14% | Shares |
| CITADEL ADVISORS LLC | $18,901,561 | 79,325 | 0.14% | Shares |
| Tredje AP-fonden | $18,850,092 | 79,109 | 0.14% | Shares |
| Corient Private Wealth LP | $18,833,920 | 79,041 | 0.14% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $18,281,087 | 75,682 | 0.13% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $18,199,350 | 76,378 | 0.13% | Shares |
| LOOMIS SAYLES & CO L P | $17,588,650 | 73,815 | 0.13% | Shares |
| TWO SIGMA INVESTMENTS, LP | $17,031,301 | 71,476 | 0.12% | Shares |
| Cannell & Spears LLC | $16,421,543 | 68,917 | 0.12% | Shares |
| JLB & ASSOCIATES INC | $16,183,029 | 67,916 | 0.12% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $16,085,340 | 67,685 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $15,959,994 | 66,980 | 0.11% | Shares |
| MACKENZIE FINANCIAL CORP | $15,449,837 | 64,839 | 0.11% | Shares |
| Sound Shore Management Inc /CT/ | $14,541,037 | 61,025 | 0.10% | Shares |
| STEPHENS INC /AR/ | $14,223,314 | 59,419 | 0.10% | Shares |
| NATIXIS | $14,206,015 | 59,619 | 0.10% | Shares |
| LMCG INVESTMENTS, LLC | $14,022,540 | 58,849 | 0.10% | Shares |
| UniSuper Management Pty Ltd | $13,708,010 | 57,529 | 0.10% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $12,859,972 | 53,970 | 0.09% | Shares |
| Brandywine Global Investment Management, LLC | $12,822,763 | 62,177 | 0.09% | Shares |
| HFR Wealth Management, LLC | $12,696,531 | 53,284 | 0.09% | Shares |
| QRG CAPITAL MANAGEMENT, INC. | $12,634,571 | 53,024 | 0.09% | Shares |
| Leeward Investments, LLC - MA | $12,548,880 | 52,664 | 0.09% | Shares |
| MML INVESTORS SERVICES, LLC | $12,510,994 | 52,505 | 0.09% | Shares |
| Teamwork Financial Advisors, LLC | $12,372,727 | 51,926 | 0.09% | Shares |
| BANQUE PICTET & CIE SA | $12,325,748 | 51,728 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $12,319,076 | 51,700 | 0.09% | Call option |
| AVIVA PLC | $12,247,592 | 51,400 | 0.09% | Shares |
| Cetera Investment Advisers | $12,196,885 | 51,187 | 0.09% | Shares |
| Susquehanna Portfolio Strategies, LLC | $12,143,940 | 50,965 | 0.09% | Shares |
| Moran Wealth Management, LLC | $12,082,702 | 50,708 | 0.09% | Shares |
| BENJAMIN EDWARDS INC | $12,082,576 | 50,697 | 0.09% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $11,949,742 | 50,150 | 0.09% | Shares |
| GHP Investment Advisors, Inc. | $11,709,992 | 55,179 | 0.08% | Shares |
| DIVERSIFY WEALTH MANAGEMENT, LLC | $11,640,452 | 46,125 | 0.08% | Shares |
Company insiders 34 insiders · 17 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Mark W Kowlzan | Chairman & CEO | May 27, 2026 S | 473,610 | 0 | 2 | $-7,410,713 |
| Kent A. Pflederer | EVP & CFO | March 27, 2026 F | 73,061 | 0 | 0 | $0 |
| Robert P. Mundy | EVP & CFO | April 4, 2025 F | 44,408 | 0 | 0 | $0 |
| Richard B West | Senior VP & CFO | July 23, 2015 S | 107,387 | 0 | 0 | $0 |
| Darla J. Olivier | SVP | March 27, 2026 F | 27,397 | 0 | 0 | $0 |
| Donald R. Shirley | Exec. VP | March 27, 2026 F | 31,110 | 0 | 0 | $0 |
| Charles J. Carter | EVP-Mill Ops. | March 27, 2026 F | 50,621 | 0 | 0 | $0 |
| Heidi L Patton | SVP | Feb. 25, 2026 A | 6,479 | 0 | 0 | $0 |
| Joseph Vaughn | SVP | Feb. 25, 2026 A | 11,167 | 0 | 0 | $0 |
| Jeffrey S Kaser | SVP | March 25, 2024 F | 17,398 | 0 | 0 | $0 |
| Robert Andrew Schneider | SVP & CIO | March 25, 2024 F | 24,351 | 0 | 0 | $0 |
| Bruce A Ridley | SVP | March 25, 2024 F | 15,618 | 0 | 0 | $0 |
| Pamela A. Barnes | SVP | March 25, 2024 F | 44,501 | 0 | 0 | $0 |
| Thomas W.H. Walton | SVP | July 20, 2021 F | 30,362 | 0 | 0 | $0 |
| Judith M Lassa | SVP | June 23, 2014 A | 4,916 | 0 | 0 | $0 |
| Stephen T Calhoun | VP Human Resources | Dec. 12, 2012 M | 71,331 | 0 | 0 | $0 |
| William J Sweeney | Executive VP | July 24, 2009 S | 115,580 | 0 | 0 | $0 |
| Donna A. Harman | Director | May 12, 2026 A | 5,179 | 0 | 0 | $0 |
| Duane C Farrington | Director | May 12, 2026 A | 7,243 | 0 | 0 | $0 |
| Karen E Gowland | Director | May 12, 2026 A | 2,118 | 0 | 0 | $0 |
| Thomas S Souleles | Director | May 12, 2026 A | 11,202 | 0 | 0 | $0 |
| Samuel M Mencoff | Director | May 12, 2026 A | 270,194 | 0 | 0 | $0 |
| Robert C Lyons | Director | May 12, 2026 A | 13,429 | 0 | 0 | $0 |
| Cheryl K Beebe | Director | May 12, 2026 A | 15,104 | 0 | 0 | $0 |
| Roger B Porter | Director | May 12, 2026 A | 22,604 | 0 | 0 | $0 |
| Paul T Stecko | Director | May 7, 2025 A | 9,492 | 0 | 0 | $0 |
| Thomas P. Maurer | Director | May 8, 2024 A | 8,764 | 0 | 0 | $0 |
| James D Woodrum | Director | May 4, 2021 A | 8,615 | 0 | 0 | $0 |
| Hasan Jameel | Director | May 7, 2019 A | 9,339 | 0 | 0 | $0 |
| Henry F Frigon | Director | June 6, 2011 S | 0 | 0 | 0 | $0 |
| Louis A Holland | Director | April 24, 2008 S | 12,200 | 0 | 0 | $0 |
| Rayford K Williamson | Director | Feb. 20, 2008 A | 9,500 | 0 | 0 | $0 |
| PCA HOLDINGS LLC | 10% owner | Dec. 21, 2005 S | 21,773,010 | 0 | 0 | $0 |
| Thomas A Hassfurther | — | Aug. 7, 2026 S | 202,891 | 0 | 4 | $-9,983,315 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 170 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| CUT · Invesco Exchange-Traded Fund Trust … | 5.70% | 7,067 SH | Aug. 19, 2026 | Daily |
| RSPM · Invesco Exchange-Traded Fund Trust | 4.33% | 32,131 SH | Aug. 19, 2026 | Daily |
| FLV · AMERICAN CENTURY ETF TRUST | 2.29% | 36,869 NS | May 31, 2026 | N-PORT |
| QDIV · Global X Funds | 1.93% | 2,892 NS | May 31, 2026 | N-PORT |
| UYM · ProShares Trust | 1.73% | 3,170 NS | May 31, 2026 | N-PORT |
| NRES · DBX ETF Trust | 1.59% | 2,680 NS | May 31, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 1.46% | 94,716 NS | April 30, 2026 | N-PORT |
| VAW · VANGUARD WORLD FUND | 1.39% | 261,229 SH | Aug. 19, 2026 | Daily |
| FMAT · FIDELITY COVINGTON TRUST | 1.23% | 34,773 NS | April 30, 2026 | N-PORT |
| EPMB · Harbor ETF Trust | 1.23% | 259 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.98% | 615 NS | April 30, 2026 | N-PORT |
| DVY · iShares Trust | 0.74% | 704,851 SH | Aug. 19, 2026 | Daily |
| MXI · iShares Trust | 0.71% | 10,137 SH | Aug. 19, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.64% | 21,062 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.56% | 15,991 NS | May 31, 2026 | N-PORT |
| IGE · iShares Trust | 0.55% | 17,327 SH | Aug. 19, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.51% | 31,061 NS | April 30, 2026 | N-PORT |
| QIDX · Spinnaker ETF Series | 0.50% | 897 NS | April 30, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.47% | 3,731 NS | April 30, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.37% | 572,343 SH | Aug. 19, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.36% | 241,664 NS | May 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.35% | 7,138 NS | April 30, 2026 | N-PORT |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.32% | 185,752 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.29% | 43,961 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.26% | 5,329 NS | April 30, 2026 | N-PORT |
| IYJ · iShares Trust | 0.25% | 19,793 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.25% | 1,643 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.25% | 17,367 NS | April 30, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.23% | 4,275 NS | May 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.23% | 3,995 SH | Aug. 19, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.22% | 61,962 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 7,681 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.22% | 6,566 NS | May 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.22% | 16,920 SH | Aug. 19, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.22% | 860,555 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.21% | 130,269 SH | Aug. 19, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.21% | 1,738 NS | April 30, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0.20% | 2,641 NS | April 30, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.20% | 1,930,924 SH | Aug. 19, 2026 | Daily |
| ESLV · Strategy Shares | 0.20% | 108 NS | April 30, 2026 | N-PORT |
| GSEW · Goldman Sachs ETF Trust | 0.19% | 15,187 NS | May 31, 2026 | N-PORT |
| ACIO · ETF Series Solutions | 0.18% | 19,582 NS | April 30, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.18% | 2,245 NS | April 30, 2026 | N-PORT |
| SFGV · EA Series Trust | 0.17% | 8,892 NS | May 29, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.17% | 11,075 NS | April 30, 2026 | N-PORT |
| IMCV · iShares Trust | 0.16% | 7,695 SH | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.15% | 353,293 SH | Aug. 19, 2026 | Daily |
| IMCB · iShares Trust | 0.15% | 10,312 SH | Aug. 19, 2026 | Daily |
| IMCG · iShares Trust | 0.14% | 22,890 SH | Aug. 19, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.14% | 1,689 NS | May 29, 2026 | N-PORT |