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Side-by-side financial comparison of Packaging Corporation of America (PKG) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.4B, roughly 1.1× Packaging Corporation of America). Packaging Corporation of America runs the higher net margin — 7.2% vs 5.5%, a 1.7% gap on every dollar of revenue. On growth, Packaging Corporation of America posted the faster year-over-year revenue change (10.6% vs 2.0%). Over the past eight quarters, Packaging Corporation of America's revenue compounded faster (6.8% CAGR vs -15.8%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

PKG vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.1× larger
TAP
$2.7B
$2.4B
PKG
Growing faster (revenue YoY)
PKG
PKG
+8.6% gap
PKG
10.6%
2.0%
TAP
Higher net margin
PKG
PKG
1.7% more per $
PKG
7.2%
5.5%
TAP
Faster 2-yr revenue CAGR
PKG
PKG
Annualised
PKG
6.8%
-15.8%
TAP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PKG
PKG
TAP
TAP
Revenue
$2.4B
$2.7B
Net Profit
$170.9M
$150.1M
Gross Margin
19.1%
33.0%
Operating Margin
10.6%
Net Margin
7.2%
5.5%
Revenue YoY
10.6%
2.0%
Net Profit YoY
-16.1%
25.0%
EPS (diluted)
$1.91
$0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PKG
PKG
TAP
TAP
Q1 26
$2.4B
$2.7B
Q4 25
$2.4B
$3.1B
Q3 25
$2.3B
$3.5B
Q2 25
$2.2B
$3.7B
Q1 25
$2.1B
$2.7B
Q4 24
$2.1B
$3.2B
Q3 24
$2.2B
$3.6B
Q2 24
$2.1B
$3.8B
Net Profit
PKG
PKG
TAP
TAP
Q1 26
$170.9M
$150.1M
Q4 25
$101.9M
$238.3M
Q3 25
$226.9M
$-2.9B
Q2 25
$241.5M
$428.7M
Q1 25
$203.8M
$121.0M
Q4 24
$221.2M
$287.8M
Q3 24
$238.1M
$199.8M
Q2 24
$198.9M
$427.0M
Gross Margin
PKG
PKG
TAP
TAP
Q1 26
19.1%
33.0%
Q4 25
18.9%
31.0%
Q3 25
21.8%
33.7%
Q2 25
22.2%
34.3%
Q1 25
21.2%
31.6%
Q4 24
21.9%
32.0%
Q3 24
23.1%
33.4%
Q2 24
21.1%
34.6%
Operating Margin
PKG
PKG
TAP
TAP
Q1 26
10.6%
Q4 25
7.1%
10.4%
Q3 25
14.0%
-98.5%
Q2 25
15.4%
15.6%
Q1 25
13.1%
6.9%
Q4 24
14.1%
12.0%
Q3 24
15.0%
12.5%
Q2 24
13.3%
15.6%
Net Margin
PKG
PKG
TAP
TAP
Q1 26
7.2%
5.5%
Q4 25
4.3%
7.6%
Q3 25
9.8%
-84.0%
Q2 25
11.1%
11.5%
Q1 25
9.5%
4.5%
Q4 24
10.3%
8.9%
Q3 24
10.9%
5.5%
Q2 24
9.6%
11.1%
EPS (diluted)
PKG
PKG
TAP
TAP
Q1 26
$1.91
$0.80
Q4 25
$1.14
$1.32
Q3 25
$2.51
$-14.79
Q2 25
$2.67
$2.13
Q1 25
$2.26
$0.59
Q4 24
$2.45
$1.39
Q3 24
$2.64
$0.96
Q2 24
$2.21
$2.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PKG
PKG
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$382.6M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$10.3B
Total Assets
$22.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PKG
PKG
TAP
TAP
Q1 26
$382.6M
Q4 25
$529.0M
$896.5M
Q3 25
$634.0M
$950.2M
Q2 25
$787.9M
$613.8M
Q1 25
$751.7M
$412.7M
Q4 24
$685.0M
$969.3M
Q3 24
$676.6M
$1.0B
Q2 24
$613.6M
$1.6B
Total Debt
PKG
PKG
TAP
TAP
Q1 26
$3.8B
Q4 25
$4.0B
$6.3B
Q3 25
$4.0B
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$2.5B
$6.1B
Q3 24
$2.5B
$6.2B
Q2 24
$7.0B
Stockholders' Equity
PKG
PKG
TAP
TAP
Q1 26
$10.3B
Q4 25
$4.6B
$10.2B
Q3 25
$4.8B
$10.3B
Q2 25
$4.6B
$13.4B
Q1 25
$4.5B
$13.1B
Q4 24
$4.4B
$13.1B
Q3 24
$4.3B
$13.3B
Q2 24
$4.1B
$13.2B
Total Assets
PKG
PKG
TAP
TAP
Q1 26
$22.4B
Q4 25
$10.7B
$22.7B
Q3 25
$11.0B
$22.9B
Q2 25
$9.0B
$26.8B
Q1 25
$9.0B
$25.9B
Q4 24
$8.8B
$26.1B
Q3 24
$8.8B
$26.6B
Q2 24
$9.0B
$27.4B
Debt / Equity
PKG
PKG
TAP
TAP
Q1 26
0.38×
Q4 25
0.87×
0.61×
Q3 25
0.84×
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.57×
0.47×
Q3 24
0.58×
0.47×
Q2 24
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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