International Paper Co (IP)
International Paper Company produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa. It operates through two segments, Packaging Solutions North America and Packaging Solutions EMEA. The company offers linerboard, medium, whitetop, and saturating kraft; and converts containerboard into corrugated boxes, bulk bins, shipping containers and specialty packaging through its converting facilities. Its products support customers in various industries, such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
- Symbol
- IP
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Packaging & Containers
- Market cap
- $20.05B
- 52 week range
- 29.26 - 50.25
Valuation
- Share price
- $31.97 (close of 2026-10-02)
- P/E (TTM)
- -4.90x
- Price to book
- 1.39x
- Price to free cash flow
- 40.74x
- Enterprise value
- $29.01B
- Book value per share
- $23.05
Price performance
| Period | Change |
|---|---|
| 1 day | -1.69% |
| 5 days | -8.71% |
| 1 month | -11.93% |
| 3 months | -17.58% |
| 6 months | -8.11% |
| Year to date | -18.84% |
| 1 year | -31.47% |
| 3 years | -9.87% |
| 5 years | -39.97% |
| 10 years | -29.64% |
| All time | +258.01% |
Members of Congress who disclosed IP trades
Julie Johnson · Gilbert Ray Cisneros
Super investors holding IP
Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- -23.71%
- Return on assets
- -9.26%
- Gross margin
- 29.61%
- Net margin
- -14.88%
- EBITDA margin
- -3.18%
- Revenue growth
- 49.25%
- Net income growth
- -731.24%
- Free cash flow growth
- -121.00%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.45%
- Current ratio
- 1.10x
- Net debt to EBITDA
- 53.35x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $23.63B
- Cost of revenue
- $16.64B
- Gross profit
- $7.00B
- EBITDA
- -$751.00M
- Net income
- -$3.52B
- Earnings per share
- $-6.95
- Interest expense
- $551.00M
- Shares outstanding
- 505.70M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $23.63B | $7.00B | -$3.52B | $-6.95 |
| 2024-12-31 | $15.84B | $4.44B | $557.00M | $1.60 |
| 2023-12-31 | $16.03B | $4.52B | $288.00M | $0.83 |
| 2022-12-31 | $21.16B | $6.02B | $1.50B | $4.14 |
| 2021-12-31 | $19.36B | $5.53B | $1.75B | $4.50 |
| 2020-12-31 | $17.57B | $5.23B | $482.00M | $1.23 |
| 2019-12-31 | $18.32B | $5.65B | $1.23B | $3.10 |
| 2018-12-31 | $23.31B | $7.75B | $2.01B | $4.91 |
| 2017-12-31 | $21.74B | $6.94B | $2.14B | $5.19 |
| 2016-12-31 | $19.50B | $5.44B | $904.00M | $2.20 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity |
|---|---|---|---|
| 2025-12-31 | 29.61% | -14.88% | -23.71% |
| 2024-12-31 | 28.03% | 3.52% | 6.82% |
| 2023-12-31 | 28.20% | 1.80% | 3.45% |
| 2022-12-31 | 28.44% | 7.11% | 17.70% |
| 2021-12-31 | 28.56% | 9.05% | 19.29% |
| 2020-12-31 | 29.75% | 2.74% | 6.13% |
| 2019-12-31 | 30.83% | 6.69% | 15.87% |
| 2018-12-31 | 33.26% | 8.63% | 27.25% |
| 2017-12-31 | 31.92% | 9.86% | 32.78% |
| 2016-12-31 | 27.89% | 4.64% | 20.74% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $1.15B | $8.84B |
| 2024-12-31 | $1.17B | $5.36B |
| 2023-12-31 | $1.11B | $5.46B |
| 2022-12-31 | $804.00M | $4.82B |
| 2021-12-31 | $1.29B | $5.38B |
| 2020-12-31 | $468.00M | $8.04B |
| 2019-12-31 | $511.00M | $9.60B |
| 2018-12-31 | $589.00M | $10.02B |
| 2017-12-31 | $1.02B | $10.85B |
| 2016-12-31 | $1.03B | $11.07B |
Free cash flow by year
| Period end | Free cash flow |
|---|---|
| 2025-12-31 | -$159.00M |
| 2024-12-31 | $757.00M |
| 2023-12-31 | $692.00M |
| 2022-12-31 | $1.24B |
| 2021-12-31 | $1.55B |
| 2020-12-31 | $2.40B |
| 2019-12-31 | $2.47B |
| 2018-12-31 | $1.65B |
| 2017-12-31 | $477.00M |
| 2016-12-31 | $1.24B |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $1.85
| Payment date | Dividend per share |
|---|---|
| 2026-08-14 | $0.46 |
| 2026-05-22 | $0.46 |
| 2026-02-23 | $0.46 |
| 2025-11-14 | $0.46 |
| 2025-08-15 | $0.46 |
| 2025-05-23 | $0.46 |
| 2025-02-24 | $0.46 |
| 2024-11-15 | $0.46 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $0.32
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | - |
| 2026-04-30 | - | - |
| 2026-01-29 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-04-30 | - | - |
| 2025-01-30 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- internationalpaper.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Packaging Corp of America (PKG) · Smurfit Westrock plc (SW) · Amcor plc (AMCR) · Graphic Packaging Holding Co (GPK) · Hasbro, Inc. (HAS) · PDD Holdings Inc. (PDD) · Rollins Inc (ROL) · JD.com, Inc. (JD)
All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades