Stocks · Materials · Paper Mills

International Paper

IP Clue Score37
United States Fiscal year ends December CIK 0000051434
$32.12 +0.75% Close, 9 Oct 2026
Price $32.12 −42.39% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue19.50Net income0.90EPS, diluted2.18Fiscal year 2017Revenue21.74 +11.5%Net income2.14 +137.2%EPS, diluted5.13 +135.3%Fiscal year 2018Revenue23.31 +7.2%Net income2.01 −6.2%EPS, diluted4.85 −5.5%Fiscal year 2019Revenue18.32 −21.4%Net income1.23 −39.1%EPS, diluted3.07 −36.7%Fiscal year 2020Revenue17.57 −4.1%Net income0.48 −60.7%EPS, diluted1.22 −60.3%Fiscal year 2021Revenue19.36 +10.2%Net income1.75 +263.5%EPS, diluted4.47 +266.4%Fiscal year 2022Revenue21.16 +9.3%Net income1.50 −14.2%EPS, diluted4.10 −8.3%Fiscal year 2023Revenue16.03 −24.2%Net income0.29 −80.9%EPS, diluted0.82 −80.0%Fiscal year 2024Revenue15.84 −1.2%Net income0.56 +93.4%EPS, diluted1.57 +91.5%Fiscal year 2025Revenue23.63 +49.3%Net income−3.52 −731.2%EPS, diluted−6.95 −542.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 19.50 21.74 23.31 18.32 17.57 19.36 21.16 16.03 15.84 23.63
Growth +11.5% +7.2% −21.4% −4.1% +10.2% +9.3% −24.2% −1.2% +49.3%
Net income 0.90 2.14 2.01 1.23 0.48 1.75 1.50 0.29 0.56 −3.52
Growth +137.2% −6.2% −39.1% −60.7% +263.5% −14.2% −80.9% +93.4% −731.2%
EPS, diluted 2.18 5.13 4.85 3.07 1.22 4.47 4.10 0.82 1.57 −6.95
Growth +135.3% −5.5% −36.7% −60.3% +266.4% −8.3% −80.0% +91.5% −542.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin4.6%Free cash flow margin6.3%Fiscal year 2017Net margin9.9%Free cash flow margin2.2%Fiscal year 2018Net margin8.6%Free cash flow margin7.1%Fiscal year 2019Net margin6.7%Free cash flow margin13.5%Fiscal year 2020Net margin2.7%Free cash flow margin13.7%Fiscal year 2021Net margin9.0%Free cash flow margin8.0%Fiscal year 2022Net margin7.1%Free cash flow margin5.9%Fiscal year 2023Net margin1.8%Free cash flow margin4.3%Fiscal year 2024Net margin3.5%Free cash flow margin4.8%Fiscal year 2025Net margin−14.9%Free cash flow margin−0.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 4.6% 9.9% 8.6% 6.7% 2.7% 9.0% 7.1% 1.8% 3.5% −14.9%
Free cash flow margin 6.3% 2.2% 7.1% 13.5% 13.7% 8.0% 5.9% 4.3% 4.8% −0.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow2.48Capital expenditure−1.24Free cash flow1.24Buybacks−0.13Dividends paid−0.73Fiscal year 2017Operating cash flow1.76Capital expenditure−1.28Free cash flow0.48 −61.4%Buybacks−0.05Dividends paid−0.77Fiscal year 2018Operating cash flow3.23Capital expenditure−1.57Free cash flow1.65 +246.8%Buybacks−0.73Dividends paid−0.79Fiscal year 2019Operating cash flow3.61Capital expenditure−1.14Free cash flow2.47 +49.5%Buybacks−0.54Dividends paid−0.80Fiscal year 2020Operating cash flow3.06Capital expenditure−0.66Free cash flow2.40 −3.0%Buybacks−0.04Dividends paid−0.81Fiscal year 2021Operating cash flow2.03Capital expenditure−0.48Free cash flow1.55 −35.4%Buybacks−0.84Dividends paid−0.78Fiscal year 2022Operating cash flow2.17Capital expenditure−0.93Free cash flow1.24 −19.8%Buybacks−1.28Dividends paid−0.67Fiscal year 2023Operating cash flow1.83Capital expenditure−1.14Free cash flow0.69 −44.3%Buybacks−0.22Dividends paid−0.64Fiscal year 2024Operating cash flow1.68Capital expenditure−0.92Free cash flow0.76 +9.4%Buybacks−0.02Dividends paid−0.64Fiscal year 2025Operating cash flow1.70Capital expenditure−1.86Free cash flow−0.16 −121.0%Buybacks−0.07Dividends paid−0.98
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.48 1.76 3.23 3.61 3.06 2.03 2.17 1.83 1.68 1.70
Capital expenditure −1.24 −1.28 −1.57 −1.14 −0.66 −0.48 −0.93 −1.14 −0.92 −1.86
Free cash flow 1.24 0.48 1.65 2.47 2.40 1.55 1.24 0.69 0.76 −0.16
Growth −61.4% +246.8% +49.5% −3.0% −35.4% −19.8% −44.3% +9.4% −121.0%
Buybacks −0.13 −0.05 −0.73 −0.54 −0.04 −0.84 −1.28 −0.22 −0.02 −0.07
Dividends paid −0.73 −0.77 −0.79 −0.80 −0.81 −0.78 −0.67 −0.64 −0.64 −0.98

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.03Total debt11.31Net cash (debt)−10.28Shareholders’ equity4.34Debt to equity2.61Fiscal year 2017Cash1.02Total debt11.16Net cash (debt)−10.14Shareholders’ equity6.52Debt to equity1.71Fiscal year 2018Cash0.59Total debt10.65Net cash (debt)−10.07Shareholders’ equity7.36Debt to equity1.45Fiscal year 2019Cash0.51Total debt9.77Net cash (debt)−9.25Shareholders’ equity7.71Debt to equity1.27Fiscal year 2020Cash0.60Total debt8.07Net cash (debt)−7.47Shareholders’ equity7.85Debt to equity1.03Fiscal year 2021Cash1.30Total debt5.58Net cash (debt)−4.28Shareholders’ equity9.08Debt to equity0.61Fiscal year 2022Cash0.80Total debt5.58Net cash (debt)−4.78Shareholders’ equity8.50Debt to equity0.66Fiscal year 2023Cash1.11Total debt5.59Net cash (debt)−4.48Shareholders’ equity8.36Debt to equity0.67Fiscal year 2024Cash1.06Total debt5.56Net cash (debt)−4.49Shareholders’ equity8.17Debt to equity0.68Fiscal year 2025Cash1.15Total debt9.83Net cash (debt)−8.69Shareholders’ equity14.83Debt to equity0.66
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.03 1.02 0.59 0.51 0.60 1.30 0.80 1.11 1.06 1.15
Total debt 11.31 11.16 10.65 9.77 8.07 5.58 5.58 5.59 5.56 9.83
Net cash (debt) −10.28 −10.14 −10.07 −9.25 −7.47 −4.28 −4.78 −4.48 −4.49 −8.69
Shareholders’ equity 4.34 6.52 7.36 7.71 7.85 9.08 8.50 8.36 8.17 14.83
Debt to equity 2.61 1.71 1.45 1.27 1.03 0.61 0.66 0.67 0.68 0.66

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
4.1% 3.9% 7.6% 5.0% 1.9% 5.2% 7.1% 2.5% 2.3% −14.3%
4.6% 9.9% 8.6% 6.7% 2.7% 9.0% 7.1% 1.8% 3.5% −14.9%
6.3% 2.2% 7.1% 13.5% 13.7% 8.0% 5.9% 4.3% 4.8% −0.7%
Spending
7.5% 7.5% 7.4% 7.9% 7.7% 7.2% 6.1% 7.8% 10.8% 8.7%
6.4% 5.9% 6.7% 6.2% 3.8% 2.5% 4.4% 7.1% 5.8% 7.9%
24.3% −127.9% 25.0% 51.8% 53.5% 18.8% −15.6% 16.9% −97.8% n/a
Returns
20.8% 32.9% 27.3% 15.9% 6.1% 19.3% 17.7% 3.4% 6.8% −23.7%
2.7% 6.3% 6.0% 3.7% 1.5% 6.9% 6.3% 1.2% 2.4% −9.3%
Balance and payout
2.61 1.71 1.45 1.27 1.03 0.61 0.66 0.67 0.68 0.66
81.1% 35.9% 39.2% 65.0% 167.2% 44.5% 44.7% 222.9% 115.4% n/a
69.9% 171.1% 92.0% 53.8% 35.3% 104.5% 157.4% 124.3% 88.0% n/a