IPNYSEPaper MillsFiscal year ends December 31Also trades as INPAP
INTERNATIONAL PAPER CO /NEW/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$33.75−0.30 (-0.88%)
Close on Oct 19, 2026
- Market cap
- $17.87B
- P/E (TTM)
- –
- Dividend yield
- 5.48%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
29.6%−0.1 pts over 5 years
Operating margin
–
Net margin
-14.9%−17.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +49.3% | +3.8% | +6.1% | +1.3% | |
| Gross profit | +57.7% | +5.2% | +6.0% | +0.1% | |
| Dividend per share | 0.0% | 0.0% | -2.0% | +1.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 22.0% | 6.2% | -30.6% | |
| Return on assets | 2.8% | 1.5% | -11.6% | |
| Current ratio | 1.64 | 1.36 | 1.28 | |
| Debt to equity | 2.61 | 1.03 | 0.66 | |
| Inventory turnover | 6.3× | 6.4× | 9.5× | |
| Capex to revenue | 6.4% | 3.8% | 7.9% | |
| Diluted shares | 416M | 396M | 506M |
Where the cash went
Fiscal 2021 to 2025, five years combined
International Paper generated $9.41B from operations and spent $11.47B on capital expenditure, dividends and share buybacks. 46% of that went back into the business.
Generated
$9.41B
Used
$11.47B
Capital expenditure$5.33B46%Dividends$3.72B32%Share buybacks$2.43B21%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-14.9%
×Asset turnover0.78×
×Equity multiplier2.64×
=Return on equity, FY2025-30.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -14.9% | 0.78× | 2.64× | -30.6% |
| FY2024 | 3.5% | 0.69× | 2.79× | 6.7% |
| FY2023 | 1.8% | 0.68× | 2.80× | 3.4% |
| FY2022 | 7.1% | 0.86× | 2.80× | 17.1% |
| FY2021 | 9.0% | 0.68× | 3.36× | 20.7% |
| FY2020 | 2.7% | 0.54× | 4.19× | 6.2% |
| FY2019 | 6.7% | 0.55× | 4.45× | 16.3% |
| FY2018 | 8.6% | 0.69× | 4.86× | 29.0% |
| FY2017 | 9.9% | 0.65× | 6.17× | 39.5% |
| FY2016 | 4.6% | 0.61× | 7.74× | 22.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$3.52B
- Cash generatingOperating cash flow above zero$1.70B
- Return on assets improvedROA up on the prior year2.4% → -15.4%
- Earnings backed by cashOperating cash flow above net income$1.70B vs -$3.52B
- Less leverageLong-term debt to assets fell23.5% → 23.3%
- Better liquidityCurrent ratio rose1.51 → 1.28
- No dilutionShare count did not rise354M → 506M
- Gross margin improvedGross margin up on the prior year28.03% → 29.61%
- More efficientAsset turnover rose0.68 → 1.04