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International Paper Company

IP Consumer Cyclical Packaging & Containers

International Paper Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 49.3% from fiscal 2024.

Revenue: −0.40%
EPS: −1.91%
Free cash flow: −218.2%
Total debt: −14.0%

Quarter to September 2026, against a year earlier

34.32 1.33 −3.73%

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Market cap: $18.1B
P/E: 0.0×
Fwd P/E: −23.0×
Dividend yield: 5.39%
F-score: 4/9
Altman Z: 1.41
Beneish M: −2.62
Dividend safety: 24/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

International Paper Company (IP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
PS NA	14,293	90.26%
PS EMEA	1,355	8.56%
Other, not broken out	187	1.18%
Gross margin		28.03%
Operating margin		4.45%
Pre-tax margin		2.33%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
PS NA	15,175 64.21%	14,293 90.26%	14,293 89.15%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
PS EMEA	8,451 35.76%	1,355 8.56%	1,398 8.72%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Industrial Packaging	—	—	—	17,451 82.47%	16,326 84.32%	14,900 84.83%	15,260 83.31%	15,900 68.22%	15,077 69.34%	14,226 72.97%	14,559 70.42%	14,944 63.28%	14,810 63.07%	13,280 60.77%	10,430 40.06%	9,840 39.08%	8,890 38.05%
Global Cellulose Fibers	—	—	—	3,227 15.25%	2,732 14.11%	2,393 13.62%	2,680 14.63%	2,819 12.10%	2,551 11.73%	1,092 5.60%	975 4.72%	1,046 4.43%	—	—	—	—	—
Printing Papers	—	—	—	—	—	—	—	4,375 18.77%	4,157 19.12%	4,058 20.82%	4,056 19.62%	4,674 19.79%	6,205 26.42%	6,230 28.51%	6,215 23.87%	5,940 23.59%	5,680 24.31%
Consumer Packaging	—	—	—	—	—	—	—	—	—	—	—	3,403 14.41%	3,435 14.63%	3,170 14.51%	3,710 14.25%	3,400 13.50%	3,060 13.10%
Corporate And Inter Segment Sales	—	—	—	—	—	—	—	—	—	—	—	—	(967) (4.12%)	(828) (3.79%)	(951) (3.65%)	(956) (3.80%)	(834) (3.57%)
Distribution	—	—	—	—	—	—	—	—	—	—	—	—	—	—	6,630 25.47%	6,735 26.75%	6,525 27.93%
Forest Products	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	220 0.87%	45 0.19%
Other, not broken out	—	187 1.18%	342 2.13%	483 2.28%	305 1.58%	272 1.55%	377 2.06%	212 0.91%	—	119 0.61%	1,085 5.25%	—	—	—	—	—	—
Eliminations	—	—	—	—	—	—	—	—	—	—	—	(450) (1.91%)	—	—	—	—	—
Revenue	23,634	15,835	16,033	21,161	19,363	17,565	18,317	23,306	21,743	19,495	20,675	23,617	23,483	21,852	26,034	25,179	23,366

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
PS NA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
PS EMEA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Industrial Packaging	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Global Cellulose Fibers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Printing Papers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Packaging	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Distribution	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Forest Products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States	14,439 61.09%	13,686 86.43%	13,777 85.93%	18,482 87.34%	16,769 86.60%	15,178 86.41%	15,616 85.25%	17,609 75.56%	16,247 74.72%	14,363 73.68%	14,875 71.95%	16,645 70.48%	16,371 69.71%	15,689 71.80%	19,434 74.65%	19,501 77.45%	18,355 78.55%
EMEA	8,451 35.76%	1,355 8.56%	1,398 8.72%	1,693 8.00%	1,611 8.32%	1,395 7.94%	1,427 7.79%	3,321 14.25%	3,129 14.39%	2,852 14.63%	2,759 13.34%	3,273 13.86%	3,250 13.84%	2,886 13.21%	3,183 12.23%	2,839 11.28%	2,716 11.62%
Americas, other than U.S.	713 3.02%	730 4.61%	821 5.12%	863 4.08%	776 4.01%	789 4.49%	887 4.84%	1,771 7.60%	1,742 8.01%	1,581 8.11%	1,540 7.45%	1,748 7.40%	1,748 7.44%	1,461 6.69%	1,610 6.18%	1,462 5.81%	1,293 5.53%
Pacific Rim and Asia	31 0.13%	64 0.40%	37 0.23%	123 0.58%	207 1.07%	203 1.16%	387 2.11%	605 2.60%	625 2.87%	699 3.59%	1,501 7.26%	1,951 8.26%	2,114 9.00%	1,816 8.31%	1,807 6.94%	1,377 5.47%	1,002 4.29%
Total	—	—	—	—	—	—	—	—	—	—	—	—	23,483	—	—	—	—
Revenue	23,634	15,835	16,033	21,161	19,363	17,565	18,317	23,306	21,743	19,495	20,675	23,617	23,483	21,852	26,034	25,179	23,366

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.