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International Paper (IP)

NYSE Materials Paper & Plastic Packaging Products & Materials S&P 500
$34.53
+0.29 (+0.85%)
Close of Nov 06, 2026 · end-of-day data
Source: International Paper's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$19.50B$21.74B$23.31B$18.32B$17.57B$19.36B$21.16B$16.03B$15.84B$23.63B
Cost of revenue$14.06B$14.80B$15.55B$12.67B$12.34B$13.83B$15.14B$11.51B$11.40B$16.64B
Gross profit$5.44B$6.94B$7.75B$5.65B$5.23B$5.53B$6.02B$4.52B$4.44B$7.00B
Selling, general & admin$1.46B$1.62B$1.72B$1.45B$1.35B$1.39B$1.29B$1.26B$1.70B$2.05B
Interest expense$695.00M$758.00M$734.00M$701.00M$597.00M$430.00M$403.00M$418.00M$432.00M$551.00M
Pre-tax income$795.00M$848.00M$1.78B$921.00M$329.00M$999.00M$1.51B$402.00M$369.00M-$3.37B
Income tax$193.00M-$1.08B$445.00M$477.00M$176.00M$188.00M-$236.00M$68.00M-$361.00M-$533.00M
Net income$904.00M$2.14B$2.01B$1.23B$482.00M$1.75B$1.50B$288.00M$557.00M-$3.52B
EPS (basic)$2.20$5.19$4.91$3.10$1.23$4.50$4.14$0.83$1.60$-6.95
EPS (diluted)$2.18$5.13$4.85$3.07$1.22$4.47$4.10$0.82$1.57$-6.95
Diluted shares415.60M417.70M414.20M398.80M395.70M392.40M367.00M349.10M354.20M505.70M
Gross margin27.9%31.9%33.3%30.8%29.8%28.6%28.4%28.2%28.0%29.6%
Net margin4.6%9.9%8.6%6.7%2.7%9.0%7.1%1.8%3.5%-14.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.03B$1.02B$589.00M$511.00M$595.00M$1.29B$804.00M$1.11B$1.06B$1.15B
Inventory$2.23B$2.31B$2.24B$2.21B$1.63B$1.81B$1.94B$1.89B$1.49B$2.01B
Total current assets$6.67B$8.28B$7.00B$6.64B$11.24B$7.10B$6.77B$6.61B$6.42B$10.11B
Goodwill$3.36B$3.41B$3.37B$3.11B$3.12B$3.13B$3.04B$3.04B$3.04B$5.33B
Total assets$33.09B$33.90B$33.58B$33.47B$31.72B$25.24B$23.94B$23.26B$22.80B$37.96B
Total current liabilities$4.07B$5.10B$4.69B$8.65B$8.28B$4.14B$5.00B$3.96B$4.26B$7.90B
Short-term debt$239.00M$311.00M$639.00M$168.00M$26.00M$196.00M$763.00M$138.00M$191.00M$992.00M
Long-term debt$11.07B$10.85B$10.02B$9.60B$8.04B$5.38B$4.82B$5.46B$5.36B$8.84B
Total debt$11.31B$11.16B$10.65B$9.77B$8.07B$5.58B$5.58B$5.59B$5.55B$9.83B
Total liabilities$28.75B$27.38B$26.21B$25.76B$23.86B$16.16B$15.44B$14.91B$14.63B$23.14B
Shareholders' equity$4.34B$6.52B$7.36B$7.71B$7.85B$9.08B$8.50B$8.36B$8.17B$14.83B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$2.48B$1.76B$3.23B$3.61B$3.06B$2.03B$2.17B$1.83B$1.68B$1.70B
Capital expenditures$1.24B$1.28B$1.57B$1.14B$663.00M$480.00M$931.00M$1.14B$921.00M$1.86B
Free cash flow$1.24B$477.00M$1.65B$2.47B$2.40B$1.55B$1.24B$692.00M$757.00M-$159.00M
Investing cash flow-$3.50B-$1.39B-$1.57B-$1.30B-$269.00M$6.05B-$608.00M-$668.00M-$808.00M-$1.02B
Financing cash flow$982.00M-$399.00M-$2.05B-$2.39B-$2.70B-$7.38B-$2.05B-$866.00M-$775.00M-$708.00M
Dividends paid$733.00M$769.00M$789.00M$796.00M$806.00M$780.00M$673.00M$642.00M$643.00M$977.00M
Share buybacks$132.00M$47.00M$732.00M$535.00M$42.00M$839.00M$1.28B$218.00M$23.00M$65.00M
Depreciation & amortization$1.12B$1.34B$1.33B$1.07B$1.09B$1.10B$1.04B$1.15B$851.00M$2.75B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.