FirmAtlas
Company handbook · IP · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
IP · CIK 51434 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
INTERNATIONAL PAPER COMPANY
$34.05
−0.05 (−0.15%)
Close, Oct 16, 2026 · 52-week $29–50
Last fiscal year
INTERNATIONAL PAPER COMPANY reported revenue of $23.6B for the year ended Dec 31, 2025 (FY25), up 49.3% from FY24. Net loss was $3.5B, operating cash flow $1.7B and free cash flow −$159M. Source: 10-K filed Feb 27, 2026.
Market cap
$21.3B
P/B
1.5
Div yield
5.44%
Revenue 1Y
49.3%/yr
EPS 1Y
n/m
Shares 1Y
+40%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAndrew K. Silvernail
HQMemphis, TN
AuditorDeloitte & Touche LLP
Employees62,602
Year endsDecember
Revenue by segment · FY25
Packaging Solutions North America64%
Packaging Solutions EMEA36%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−3.1%
−8.6%
−0.9%
−27.0%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.5B deployed
Capex
$2.8B
61.9%
Dividends
$1.6B
36.1%
Buybacks
$88M
2.0%
Operating cash flow over the period: $3.4B. Total debt changed by +$3.5B.
Capex was more than operating cash flow in FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
22,800
37,964+66.5%
36,521
Cash & short-term investments
1,170
1,145−2.1%
—
Inventory
1,486
2,012+35.4%
—
Net PP&E
7,916
14,443+82.5%
—
Other assets
12,228
20,364+66.5%
—
Total liabilities
14,627
23,137+58.2%
22,066
Accounts payable
2,110
3,902+84.9%
—
Total debt
5,362
8,839+64.8%
9,200
Other liabilities
7,155
10,396+45.3%
—
Shareholders’ equity
8,173
14,827+81.4%
14,455
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,678
1,698+1.2%
2,647
Net income
557
(3,516)−731.2%
—
Depreciation & amortization
851
2,747+222.8%
—
Working capital & other
270
2,467+813.7%
—
Cash from investing
(808)
(1,024)n/m
—
Capex
(921)
(1,857)n/m
—
PP&E sold
91
218+139.6%
—
Other investing
22
615+2695.5%
—
Cash from financing
(775)
(708)n/m
—
Debt raised
102
409+301.0%
—
Debt repaid
(141)
(255)n/m
—
Dividends
(643)
(977)n/m
—
Buybacks
(23)
(65)n/m
—
Other financing
(70)
180n/m
—
Net change in cash
57
(9)−115.8%
—
Free cash flow (OCF − capex)
757
(159)−121.0%
492
Where the cash went
Operating cash flow
1,678
1,698+1.2%
2,647
Reinvested in the business
921
1,857+101.6%
—
% of operating cash flow
54.9%
109.4%
Capex
921
1,857+101.6%
2,155
Free cash flow
757
(159)−121.0%
492
YoY
−121.0%
Returned to shareholders
666
1,042+56.5%
—
% of free cash flow
88.0%
—
Dividends
643
977+51.9%
—
Buybacks
23
65+182.6%
—
Change in total debt
—
3,477
—
Cash left over
—
2,276
—
FCF conversion (FCF ÷ net income)
135.9%
—
—
Owner earnings
—
(1,360)
—
Owner earnings margin
—
−5.8%
—
Buyback yield
0.1%
0.3%+0.2 pp
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,222
6,006
5,971
6,004
vs year-ago quarter
Gross profit
1,935
1,883
1,727
1,660
Gross margin
31.1%
31.4%
28.9%
27.6%
Net income
(1,102)
(2,384)
60
(12)
vs year-ago quarter
Net margin
−17.7%
−39.7%
1.0%
−0.2%
EPS (diluted, $)
−2.09
−3.80
0.11
−0.02
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
40,568
37,964
36,434
36,521
Cash & equivalents
995
1,145
1,236
726
Total debt
9,900
8,839
9,100
9,200
Shareholders’ equity
17,317
14,827
14,808
14,455
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
605
905
611
526
Capex
455
650
517
533
Free cash flow
150
255
94
(7)
vs year-ago quarter