Saturday 17 October 2026
Export IP’s income statement to Excel — free account
International Paper Company
IP Consumer Cyclical Packaging & Containers
In the quarter to June 2026, revenue fell 2.25%, EPS fell 114.3%, free cash flow fell 95.3% and total debt fell 15.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years; insiders bought in the last twelve months.
33.93
0.17
−0.50%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 30.78 | 46.97 | 35.56 | 34.52 | 24.98 | 43.87 | 30.69 | 29.01 | 32.70 | 35.56 |
Analyst estimates 2026–2028 Powerpack |
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| High | 51.78 | 55.83 | 63.39 | 45.68 | 49.23 | 61.81 | 50.23 | 41.89 | 60.36 | 60.15 | |||||
| People | |||||||||||||||
| People | Employees | 55,000 | 56,000 | 53,000 | 51,000 | 49,300 | 38,200 | 39,000 | 39,000 | 37,000 | 62,602 | ||||
| Revenue/emp, $m | 0.35 | 0.39 | 0.44 | 0.36 | 0.36 | 0.51 | 0.54 | 0.41 | 0.43 | 0.38 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 19,495 | 21,743 | 23,306 | 18,317 | 17,565 | 19,363 | 21,161 | 16,033 | 15,835 | 23,634 | ||||
| Gross margin, % | 31.17 | 31.92 | 33.26 | 30.83 | 29.75 | 28.56 | 28.44 | 28.20 | 28.03 | 29.61 | |||||
| EBT | 795 | 848 | 1,781 | 921 | 329 | 999 | 1,511 | 402 | 369 | (3,368) | |||||
| EBT margin, % | 4.08 | 3.90 | 7.64 | 5.03 | 1.87 | 5.16 | 7.14 | 2.51 | 2.33 | (14.25) | |||||
| Net income | 902 | 2,144 | 2,017 | 1,220 | 482 | 1,754 | 1,504 | 288 | 557 | (3,516) | |||||
| Depreciation | 1,227 | 1,423 | 1,328 | 1,306 | 1,287 | 1,210 | 1,040 | 1,432 | 1,305 | 2,882 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 47.42 | 52.68 | 56.97 | 46.34 | 44.69 | 49.73 | 58.21 | 46.22 | 45.61 | 46.74 | ||||
| Earnings | 2.20 | 5.19 | 4.91 | 3.10 | 1.23 | 4.50 | 4.14 | 0.83 | 1.57 | (6.95) | |||||
| Cash flow | 6.03 | 4.26 | 7.89 | 9.13 | 7.79 | 5.21 | 5.98 | 5.28 | 4.83 | 3.36 | |||||
| Capex | (3.23) | (3.31) | (3.79) | (3.18) | (1.89) | (1.15) | (2.53) | (3.28) | (2.39) | (3.24) | |||||
| Free cash flow | 2.79 | 0.95 | 4.10 | 5.95 | 5.90 | 4.06 | 3.46 | 2.01 | 2.44 | 0.12 | |||||
| Book value | 10.60 | 15.85 | 18.05 | 19.52 | 20.02 | 23.32 | 23.38 | 24.08 | 23.54 | 29.32 | |||||
| Shares, m | 411 | 413 | 409 | 395 | 393 | 389 | 364 | 347 | 347 | 506 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 22.98 | 10.91 | 7.82 | 14.07 | 38.59 | 10.46 | 8.62 | 44.56 | 33.64 | 0.00 | ||||
| P/S | 1.07 | 1.07 | 0.67 | 0.94 | 1.05 | 0.94 | 0.61 | 0.79 | 1.18 | 0.84 | |||||
| P/B | 4.77 | 3.57 | 2.12 | 2.23 | 2.35 | 2.01 | 1.51 | 1.52 | 2.29 | 1.34 | |||||
| EV/Sales | 1.58 | 1.53 | 1.08 | 1.44 | 1.48 | 1.14 | 0.80 | 1.06 | 1.45 | 1.17 | |||||
| EV/FCF | 26.83 | 84.66 | 14.94 | 11.19 | 11.24 | 13.99 | 13.44 | 24.45 | 27.11 | 468.03 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 2,478 | 1,757 | 3,226 | 3,610 | 3,063 | 2,030 | 2,174 | 1,833 | 1,678 | 1,698 | ||||
| Capex | (1,329) | (1,365) | (1,549) | (1,258) | (743) | (448) | (918) | (1,137) | (830) | (1,639) | |||||
| Free cash flow | 1,149 | 392 | 1,677 | 2,352 | 2,320 | 1,582 | 1,256 | 696 | 848 | 59 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 2,601 | 3,175 | 2,302 | (2,007) | 2,952 | 2,952 | 1,770 | 2,649 | 2,166 | 2,207 | ||||
| Total debt | 11,075 | 10,846 | 10,015 | 9,597 | 8,042 | 5,383 | 4,816 | 5,455 | 5,362 | 8,839 | |||||
| Net debt | 10,042 | 9,828 | 9,426 | 9,086 | 7,574 | 3,843 | 4,012 | 4,342 | 4,300 | 7,694 | |||||
| Shareholders’ equity | 4,359 | 6,541 | 7,383 | 7,718 | 7,868 | 9,082 | 8,497 | 8,355 | 8,173 | 14,827 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 2.84 | 6.40 | 5.96 | 3.65 | 1.48 | 6.15 | 6.12 | 1.22 | 2.42 | (11.57) | ||||
| ROIC | 9.80 | 9.71 | 11.65 | 6.98 | 6.05 | 7.76 | 9.50 | 4.32 | 3.53 | 0.56 | |||||
| ROE | 21.87 | 39.34 | 28.90 | 16.22 | 6.19 | 20.67 | 17.11 | 3.42 | 6.74 | (30.57) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
International Paper Company vs peers in Packaging & Containers (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SW Smurfit Westrock PLC | $21.6B | 43.3× | 18.6× | +1.15% (above 0%: growing) | n/m | +0.98% (above 0%: growing) | 17.42% | 3.85% | Compare |
| PKG Packaging Corporation of America | $20.7B | 30.6× | 22.6× | +14.67% (above 0%: growing) | −19.40% (below 0%: shrinking) | +5.30% (above 0%: growing) | 20.58% | 11.70% | Compare |
| AMCR Amcor PLC | $20.2B | 18.5× | 11.8× | +25.90% (above 0%: growing) | n/m | +54.49% (above 0%: growing) | 20.90% | 10.10% | Compare |
| IP International Paper Company | $18.1B | — (loss-making) | 25.3× | −2.25% (below 0%: shrinking) | n/m | −95.31% (below 0%: shrinking) | 27.65% | 1.42% | |
| BALL Ball Corporation | $16.6B | 17.9× | 15.0× | +19.74% (above 0%: growing) | +7.79% (above 0%: growing) | +97.88% (above 0%: growing) | 17.44% | 8.68% | Compare |
| AVY Avery Dennison Corporation | $13.3B | 19.2× | 16.3× | +10.92% (above 0%: growing) | +10.79% (above 0%: growing) | +94.11% (above 0%: growing) | 29.62% | 12.73% | Compare |
| CCK Crown Holdings, Inc. | $12.4B | 16.3× | 12.9× | +16.48% (above 0%: growing) | +42.68% (above 0%: growing) | +52.62% (above 0%: growing) | 17.23% | 12.65% | Compare |
| SON Sonoco Products Company | $4.9B | 7.9× | 11.9× | −1.31% (below 0%: shrinking) | −78.83% (below 0%: shrinking) | +138.94% (above 0%: growing) | 20.81% | 10.23% | Compare |
| REYN Reynolds Consumer Products Inc. | $4.8B | 13.9× | 14.0× | +0.64% (above 0%: growing) | +20.00% (above 0%: growing) | −11.76% (below 0%: shrinking) | 25.95% | 14.62% | Compare |
| Median of peers | $15.0B | 18.2× | 14.5× | +12.80% | +9.29% | +53.56% | 20.70% | 10.97% |
IP metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
International Paper Company (IP) key facts
- International Paper Company (IP) is a Packaging & Containers company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 16, 2026, IP traded at $33.93, a market capitalization of $18.1 billion.
- International Paper Company pays an annual dividend of $1.85 per share, a yield of 5.45%.
- Return on equity was −30.6% and debt-to-equity 0.57.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 1.41 (distress zone) for fiscal 2025.