INTERNATIONAL PAPER CO /NEW/ IP

Basic materials SIC 2621 - Paper Mills NAICS Manufacturing › Paper Manufacturing › Pulp, Paper, and Paperboard Mills › Paper Mills derived NYSE

Last close 33.19 2026-10-23
Market cap $17.58B 2026-06-30 share count
52-week range 29.26 - 50.25

Valuation FY2025 figures against the last close

P/S0.7x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield5.6%
Diluted EPS-6.95

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Americas, other than U.S.
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 14.4B (61.1%) 61% United States Emea, FY2025: 8.5B (35.8%) 36% Emea Americas, other than U.S., FY2025: 713M (3.0%) Other, FY2025: 31M (0.1%) FY2024 United States, FY2024: 13.7B (86.4%) 86% Emea, FY2024: 1.4B (8.6%) 9% Americas, other than U.S., FY2024: 730M (4.6%) 5% Other, FY2024: 64M (0.4%) FY2023 United States, FY2023: 13.8B (85.9%) 86% Emea, FY2023: 1.4B (8.7%) 9% Americas, other than U.S., FY2023: 821M (5.1%) 5% Other, FY2023: 37M (0.2%)
Region FY2025FY2024FY2023
United States $14.44B $13.69B $13.78B
Emea $8.45B $1.35B $1.40B
Americas, other than U.S. $713.0M $730.0M $821.0M
Other $31.0M $64.0M $37.0M

As the company reported it, from the “REVENUE RECOGNITION - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $23.63B$15.84B$16.03B$21.16B$19.36B$17.57B$18.32B$23.31B$21.74B$19.50B
Cost of revenue $16.64B$11.40B$11.51B$15.14B$13.83B$12.34B$12.67B$15.55B$14.80B$14.06B
Gross profit $7.00B$4.44B$4.52B$6.02B$5.53B$5.23B$5.65B$7.75B$6.94B$5.44B
SG&A $2.05B$1.70B$1.26B$1.29B$1.39B$1.35B$1.45B$1.72B$1.62B$1.46B
Interest expense $551.0M$432.0M$418.0M$403.0M$430.0M$597.0M$701.0M$734.0M$758.0M$695.0M
Pre-tax income -$3.37B$369.0M$402.0M$1.51B$999.0M$329.0M$921.0M$1.78B$848.0M$795.0M
Income tax $533.0M$361.0M$68.0M$236.0M$188.0M$176.0M$477.0M$445.0M$1.08B$193.0M
Net income -$3.52B$557.0M$288.0M$1.50B$1.75B$482.0M$1.23B$2.01B$2.14B$904.0M
EPS, basic -6.951.600.834.144.501.233.104.915.192.20
EPS, diluted -6.951.570.824.104.471.223.074.855.132.18
Shares, diluted (wtd. avg.) 505.7M354.2M349.1M367.0M392.4M395.7M398.8M414.2M417.7M415.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.15B$1.06B$1.11B$804.0M$1.29B$595.0M$511.0M$589.0M$1.02B$1.03B
Inventory $2.01B$1.49B$1.89B$1.94B$1.81B$1.63B$2.21B$2.24B$2.31B$2.23B
Total current assets $10.11B$6.42B$6.61B$6.77B$7.10B$11.24B$6.64B$7.00B$8.28B$6.67B
Property, plant and equipment $14.44B$7.92B$10.15B$10.43B$10.44B$10.95B$13.00B$13.07B$13.27B$13.00B
Goodwill $5.33B$3.04B$3.04B$3.04B$3.13B$3.12B$3.11B$3.37B$3.41B$3.36B
Other intangibles $4.04B$72.0M$183.0M$220.0M$268.0M$301.0M$368.0M$393.0M$482.0M$547.0M
Total assets $37.96B$22.80B$23.26B$23.94B$25.24B$31.72B$33.47B$33.58B$33.90B$33.09B
Accounts payable $3.90B$2.11B$2.44B$2.71B$2.61B$2.04B$2.42B$2.41B$2.46B$2.20B
Short-term debt $992.0M$193.0M$138.0M$763.0M$196.0M$26.0M$168.0M$639.0M$311.0M$239.0M
Total current liabilities $7.90B$4.26B$3.96B$5.00B$4.14B$8.28B$8.65B$4.69B$5.10B$4.07B
Long-term debt $8.84B$5.36B$5.46B$4.82B$5.38B$8.04B$9.60B$10.02B$10.85B$11.07B
Retained earnings $4.88B$9.39B$9.49B$9.86B$9.03B$8.07B$8.41B$7.46B$6.18B$4.82B
Total equity $14.83B$8.17B$8.36B$8.50B$9.08B$7.87B$7.72B$7.38B$6.54B$4.36B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.70B$1.68B$1.83B$2.17B$2.03B$3.06B$3.61B$3.23B$1.76B$2.48B
Depreciation and amortisation $2.75B$851.0M$1.15B$1.04B$1.10B$1.09B$1.07B$1.33B$1.34B$1.12B
Capital expenditure $1.86B$921.0M$1.14B$931.0M$480.0M$663.0M$1.14B$1.57B$1.28B$1.24B
Investing cash flow -$1.02B-$808.0M-$668.0M-$608.0M$6.05B-$269.0M-$1.30B-$1.57B-$1.39B-$3.50B
Financing cash flow -$708.0M-$775.0M-$866.0M-$2.05B-$7.38B-$2.70B-$2.39B-$2.05B-$399.0M$982.0M
Dividends paid $977.0M$643.0M$642.0M$673.0M$780.0M$806.0M$796.0M$789.0M$769.0M$733.0M
Buybacks $65.0M$23.0M$218.0M$1.28B$839.0M$42.0M$535.0M$732.0M$47.0M$132.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000051434-26-000055.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2016: 19.5B Gross profit, FY2016: 5.4B Net income, FY2016: 904M Revenue, FY2017: 21.7B Gross profit, FY2017: 6.9B Net income, FY2017: 2.1B Revenue, FY2018: 23.3B Gross profit, FY2018: 7.8B Net income, FY2018: 2B Revenue, FY2019: 18.3B Gross profit, FY2019: 5.6B Net income, FY2019: 1.2B Revenue, FY2020: 17.6B Gross profit, FY2020: 5.2B Net income, FY2020: 482M Revenue, FY2021: 19.4B Gross profit, FY2021: 5.5B Net income, FY2021: 1.8B Revenue, FY2022: 21.2B Gross profit, FY2022: 6B Net income, FY2022: 1.5B Revenue, FY2023: 16B Gross profit, FY2023: 4.5B Net income, FY2023: 288M Revenue, FY2024: 15.8B Gross profit, FY2024: 4.4B Net income, FY2024: 557M Revenue, FY2025: 23.6B Gross profit, FY2025: 7B Net income, FY2025: -3.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $19.50B $21.74B $23.31B $18.32B $17.57B $19.36B $21.16B $16.03B $15.84B $23.63B
Gross profit $5.44B $6.94B $7.75B $5.65B $5.23B $5.53B $6.02B $4.52B $4.44B $7.00B
Net income $904.0M $2.14B $2.01B $1.23B $482.0M $1.75B $1.50B $288.0M $557.0M -$3.52B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2621

TickerCompanyMarket capP/ERevenue growth
SLVM Sylvamo Corp $1.29B 10.0x -11.2%
MATV Mativ Holdings, Inc. $665.6M — 0.3%
MAGN Magnera Corp $427.1M — 46.5%
SUZ Suzano S.A. — — —