— Know what they know.
/
Not Investment Advice

IP

NYSE · USD
International Paper Company
Basic Materials · Paper, Lumber & Forest Products
CEO Andrew K. Silvernail Employees 62,602 R&D / revenue 0.0%
Last price
$34.05−0.15%last session
Market cap
$18.0B
P/E (TTM)
n/m
From 52w high
−32.2%
From 52w low
+16.4%
1-year return
−26.1%
RSI 14 · vs SMA200
51.4 · −9.3%
IS score
20.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

IP   SPY   XLB (sector ETF) · weekly closes
80100120Jan 26Apr 26Jul 26Oct 26XLB 118SPY 116IP 74

Score DNA

Each bar is a 0-100 score within the scored universe
9
Profitability
41
Growth
48
Value
41
Momentum
15
Risk (safety)
41
Quality
29
Balance sheet
34
Earnings quality

Flags

Strengths
✓ Insider buying✓ Congress buying
Warnings
▲ Altman distress zone
Observations
Moat model: Narrow, Efficient ScalePiotroski 4 / 9Altman Z 1.1Beta 0.884 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.31M bought
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-05-01
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+20
131 new holders, 103 closed
861 filers hold 101.6% · 330 added, 281 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+232
963 funds adding shares
731 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
60.0%
20-day avg 45.5%, 50-day avg 53.6%
Latest 14.5 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$24.9B
Revenue growth YoY+33.7%
Gross margin29.5%
Operating income−$2.8B
Operating margin-11.3%
Net income−$3.5B
Net margin-14.1%
EPS (diluted)$-6.71
Cash flow
Operating cash flow$1.7B
Capital expenditure$1.9B
Free cash flow−$159.0M
FCF conversion (FCF / OCF)-9.4%
Stock-based compensation$0
FCF less SBC−$159.0M
Buybacks$65.0M
Dividends$977.0M
Balance sheet & returns
Cash & short-term investments$1.1B
Total debt$10.3B
Net debt$9.2B
Shareholders' equity$14.8B
Goodwill & intangibles$9.4B
Debt / equity0.67
ROE (TTM)-22.4%
ROIC (TTM)-7.7%
Operating margin by fiscal year
6.7%FY20218.3%FY20222.4%FY20232.6%FY2024-11.3%FY2025
Revenue $19.4B (FY2021) to $24.9B (FY2025), a 6.5% CAGR.

Valuation

P/E (TTM)n/m
EV / EBITDAn/m
Price / sales0.75x
Price / FCF36.7x
FCF yield2.73%
Buyback yield0.36%
SBC / revenue0.0%
Price / book1.25x
Forward P/E FY202626.9x
Forward P/E FY202711.0x
Forward P/E FY20289.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $48.25 across 8 analysts last quarter is theirs, not ours.

IP vs industry median

59 companies in Paper, Lumber & Forest Products
Gross margin 27.7% 17.3% Operating margin -11.5% 3.3% Net margin -14.2% 0.4% ROIC -7.7% 1.1%
IP (TTM)Industry median Asset turnover 0.66 vs industry 0.92 · financial leverage 2.53

Earnings delivery

Next report 2026-10-28 · consensus EPS $0.29
50%
beat rate, 6 of 12 quarters
−10.2%
median EPS surprise
2
longest beat streak
+10+21-23+38+69-167-39-49-192-129+2+234
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-30. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
IP International Paper Company $18.0Bn/m-22.4%-14.2%+33.7% −26.1%
WFG West Fraser Timber Co. Ltd. $5.0Bn/m-18.6%-4.3%−17.6% −2.4%
LPX Louisiana-Pacific Corporatio $4.9B88.7x3.1%3.9%−14.3% −22.1%
UFPI UFP Industries, Inc. $4.3B18.0x7.9%4.4%−4.7% −13.3%
BCC Boise Cascade Company $2.7B25.6x5.1%3.1%−1.5% +7.8%
CF CF Industries Holdings, Inc. $18.3B8.9x39.2%32.7%+20.0% —
PAAS Pan American Silver Corp. $18.3B13.4x22.4%27.0%+38.0% —
DD DuPont de Nemours, Inc. $17.6B283.6x0.3%7.9%−32.7% —
12-month window: SPY +15.9%, sector ETF XLB +17.8%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding529,569,878
Free float98.0%
Institutional ownership101.6%
Beta0.88
Dividend yield5.43%
Last dividend$0.46 on 2026-11-16
50 / 200-day average$36.44 / $37.70
Large-cap Basic Materials median P/E30.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where IP sits among 7 scored companies in Paper, Lumber & Forest Products (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureIPIndustry medianIndustry percentileSector median
P/E (TTM) —
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 0.7x 0.7x
67th		 1.9x
Price / book 1.2x 1.3x
33rd		 2.3x
Price / tangible book 3.9x 1.8x
100th		 3.3x
Price / free cash flow 36.7x 16.3x
100th		 16.3x
Price / operating cash flow 6.8x 7.8x
40th		 9.6x
Enterprise value $27.0B $3.9B
100th		 $5.4B
EV / sales 1.1x 0.7x
83rd		 2.0x
EV / EBITDA —
EV / EBIT —
EV / free cash flow 54.9x 21.7x
100th		 21.6x
Earnings yield -19.1% 1.1%
17th		 3.9%
FCF yield 2.7% 3.9%
33rd		 4.3%
Operating cash flow yield 14.7% 11.4%
67th		 9.8%
Graham number (per share) —

Profitability (TTM)

MeasureIPIndustry medianIndustry percentileSector median
Gross margin 27.7% 16.1%
100th		 32.1%
EBITDA margin -1.0% 5.3%
17th		 19.0%
Operating margin -11.5% 2.5%
17th		 13.8%
EBIT margin -12.4% 2.7%
17th		 12.3%
Net margin -14.2% 1.6%
17th		 6.8%
NOPAT margin -9.0% 1.8%
17th		 10.1%
FCF margin 2.0% 2.0%
50th		 6.4%
Operating cash flow margin 10.9% 7.1%
100th		 15.6%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 17.4% 11.0%
83rd		 9.4%
Stock comp / revenue 0.0% 0.1%
0th		 0.4%
Effective tax rate 21.0% 26.4%
0th		 22.5%

Returns on capital

MeasureIPIndustry medianIndustry percentileSector median
ROE (on average equity) -20.8% 3.1%
0th		 12.1%
ROA -8.7% 2.1%
17th		 5.0%
ROIC -9.4% 3.5%
0th		 9.8%
ROCE -10.4% 3.3%
17th		 9.7%
Return on tangible assets -7.6% 2.9%
17th		 8.5%
Cash ROIC (OCF / invested capital) 11.3% 11.6%
33rd		 14.9%
Gross profitability (GP / assets) 18.4% 18.4%
50th		 17.5%
ROIC, 3-yr average -2.6% 6.8%
33rd		 6.5%
ROIC, 5-yr average 1.2% 12.3%
17th		 8.1%
ROE, 5-yr average 2.8% 16.8%
33rd		 9.1%
Incremental ROIC 44.5% 20.6%
80th		 28.3%

Growth

MeasureIPIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 10.3% -4.7%
100th		 9.7%
Revenue growth (QoQ) 0.6% 15.7%
0th		 9.5%
Revenue CAGR, 3 yr 6.1% -4.4%
100th		 2.3%
Revenue CAGR, 5 yr 4.2% -3.0%
100th		 7.3%
Gross profit CAGR, 3 yr 5.4% -13.7%
100th		 5.4%
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) —
FCF CAGR, 3 yr -18.3% -21.9%
75th		 3.8%
Operating cash flow CAGR, 3 yr 8.6% -5.8%
80th		 7.7%
Book value CAGR, 3 yr 4.0% 5.7%
33rd		 6.5%
Dividend CAGR, 3 yr -7.5% 1.6%
20th		 2.6%
Sustainable growth rate —

Margin history & stability

MeasureIPIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 27.9% 18.0%
100th		 29.8%
Operating margin, 3-yr average -3.0% 5.4%
17th		 12.0%
Net margin, 3-yr average -4.0% 4.1%
17th		 6.3%
FCF margin, 3-yr average 1.8% 2.5%
33rd		 7.1%
Revenue stability (0-1) 0.49 0.77
17th		 0.60
Earnings stability (0-1) 0.69 0.69
50th		 0.41
Margin stability (0-1) 0.98 0.87
100th		 0.83

Liquidity (latest quarter)

MeasureIPIndustry medianIndustry percentileSector median
Cash & short-term investments $726.0M $228.0M
100th		 $245.7M
Net cash (− = net debt) −$9.0B −$265.7M
0th		 −$465.1M
Working capital $738.0M $683.2M
67th		 $531.5M
Current ratio 1.10 2.29
0th		 2.08
Quick ratio 0.84 1.17
33rd		 1.42
Cash ratio (cash + ST investments / current liabilities) 0.10 0.41
0th		 0.45
Defensive interval (days) 192 days 373 days
0th		 773 days

Leverage & solvency (latest quarter)

MeasureIPIndustry medianIndustry percentileSector median
Total debt $9.7B $379.5M
100th		 $807.4M
Debt / equity 0.67 0.26
83rd		 0.50
Net debt / equity 0.62 0.11
83rd		 0.30
Debt / assets 26.5% 15.8%
83rd		 24.4%
Debt / capital 40.1% 20.9%
83rd		 33.5%
Debt / EBITDA —
Net debt / EBITDA —
Interest coverage (EBIT / interest) −9.5x 4.4x
17th		 6.7x
Cash interest coverage 8.4x 8.4x
50th		 7.7x
Debt payback (years of OCF) 3.7 yrs 2.6 yrs
80th		 2.6 yrs
Liabilities / assets 60.4% 40.2%
83rd		 47.8%
IS credit model rating B+ — —
Implied credit spread (bps) 650 175
100th		 162

Efficiency

MeasureIPIndustry medianIndustry percentileSector median
Asset turnover 0.61 0.95
17th		 0.66
Fixed asset turnover 1.56 1.56
50th		 1.53
Inventory turnover 7.6 5.8
100th		 4.9
Receivables turnover 5.5 10.0
0th		 8.7
Days sales outstanding 67 days 37 days
100th		 42 days
Days inventory outstanding 48 days 63 days
0th		 74 days
Days payables outstanding 113 days 43 days
100th		 49 days
Cash conversion cycle (days) 2 days 55 days
0th		 61 days
Capex / revenue 8.9% 3.6%
83rd		 7.8%
Capex / depreciation 0.78 0.78
50th		 1.09
Operating expense ratio 26.9% 12.8%
100th		 11.3%

Cash flow & earnings quality

MeasureIPIndustry medianIndustry percentileSector median
Operating cash flow / net income —
FCF / net income —
FCF / operating cash flow 18.6% 42.4%
20th		 52.6%
Capex / operating cash flow 81.4% 57.6%
80th		 47.0%
Accruals ratio -15.4% -7.8%
0th		 -5.6%
Sloan accruals ratio -11.2% -8.6%
17th		 -3.6%
Earnings quality score (0-1) —

Dividends & buybacks

MeasureIPIndustry medianIndustry percentileSector median
Dividend yield 5.4% 1.8%
83rd		 0.9%
Dividend per share (TTM) $1.85 $1.26
100th		 $0.40
Payout ratio (dividends / net income) —
Dividends / FCF 199.0% 33.2%
100th		 17.9%
Dividend growth (YoY) 21.6% 1.9%
100th		 4.2%
Buyback yield 0.2% 1.0%
17th		 0.2%
Shareholder yield (dividends + buybacks) 5.6% 5.6%
50th		 2.3%
Share count change (YoY) -0.6% -1.1%
83rd		 0.0%
Buybacks, last 5 years $260.0M $304.0M
33rd		 $35.6M

Scores & forensic checks

MeasureIPIndustry medianIndustry percentileSector median
IS score 20 38
0th		 57
IS profitability 9 15
33rd		 44
IS growth 41 18
83rd		 59
IS value 48 57
17th		 54
IS momentum 41 51
17th		 78
IS risk (safety) 15 80
0th		 80
IS quality 41 58
0th		 70
IS balance sheet 29 52
17th		 65
IS earnings quality 34 76
0th		 71
IS cash flow 27 35
33rd		 49
Piotroski F-score (0-9) 4 5
17th		 6
Altman Z-score 1.1 3.2
0th		 3.1
Beneish M-score −3.50 −2.70
17th		 −2.55
Ohlson O-score −6.73 −7.97
83rd		 −8.14
IS credit score 32 66
0th		 70

Per share

MeasureIPIndustry medianIndustry percentileSector median
EPS, diluted (TTM) −$6.49 $0.77
17th		 $1.57
Book value per share $27.30 $49.24
33rd		 $16.95
Tangible book per share $9.87 $45.12
0th		 $8.43
Revenue per share $45.71 $82.84
17th		 $31.21
FCF per share $0.93 $2.49
33rd		 $1.99
Operating cash flow per share $5.00 $5.25
33rd		 $4.23
Cash per share $1.37 $3.26
17th		 $2.16

Size (TTM)

MeasureIPIndustry medianIndustry percentileSector median
Market cap $18.0B $4.3B
100th		 $4.7B
Revenue $24.2B $4.8B
100th		 $2.5B
EBITDA −$231.0M $227.0M
17th		 $488.0M
Net income −$3.4B $54.0M
0th		 $137.1M
Free cash flow $492.0M $99.0M
100th		 $142.7M
Total assets $36.5B $3.4B
100th		 $3.8B
Shareholders' equity $14.5B $2.0B
100th		 $1.6B
Employees 62,602 7,740
100th		 4,067

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Ryerkerk Lori
Director
 Award / grant 5,952——5,952
2026-10-01Collins Katherine
Director
 Award / grant 6,129——6,129
2026-08-07Hamic William Thomas
Exec. VP & President
 Open-market sale 24,500$41.20$1.0M106,952
2026-08-07Hamic William Thomas
Exec. VP & President
 Discretionary 24,291——39,570
2026-08-04Goughnour Holly G.
VP & Chief Accounting Officer
 Open-market sale 3,500$41.96$146,86034,248
2026-05-12Robbie David A.
Director
 Award / grant 5,298——14,002
2026-05-12Robbie David A.
Director
 Tax withholding 1,233$32.47$40,03612,769
2026-05-12Dorduncu Ahmet C
Director
 Award / grant 5,298——45,393
2026-05-12Dorduncu Ahmet C
Director
 Tax withholding 1,186$32.47$38,50944,207
2026-05-12Hinman Jacqueline C.
Director
 Award / grant 5,298——77,512
2026-05-12Gustafsson Anders
Director
 Award / grant 11,112——66,746
2026-05-12Sullivan Kathryn D
Director
 Award / grant 7,901——53,777

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1295,218—
DiscretionaryAcquired124,291—
Open-market buyAcquired110,000$313,009
Open-market saleDisposed228,000$1.2M
Tax withholdingDisposed22,419$78,545
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 16 trades (7 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-05-01Ro KhannaHousePurchase$1,001 - $15,0002026-06-11
2026-04-14Gilbert CisnerosHouseSale$1,001 - $15,0002026-05-11
2026-04-14Gilbert CisnerosHouseSale (Full)$1,001 - $15,0002026-05-11
2026-04-13Gilbert Ray CisnerosHouseSale (Full)$1,001 - $15,0002026-05-11
2019-12-12David PerdueSenateSale (Full)$15,001 - $50,0002020-01-10
2019-12-12David PerdueSenateSale (Full)$15,001 - $50,0002020-01-09
2019-10-02David PerdueSenatePurchase$1,001 - $15,0002019-11-05
2019-10-02David PerdueSenatePurchase$1,001 - $15,0002019-11-04
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital Research Global Investors78,469,265$3.0B14.82%
BlackRock, Inc.50,942,140$1.9B9.62%
PRICE T ROWE ASSOCIATES INC /MD/45,497,485$1.7B8.59%
VANGUARD CAPITAL MANAGEMENT LLC34,552,688$1.3B6.52%
STATE STREET CORP32,999,909$1.3B6.23%
VANGUARD PORTFOLIO MANAGEMENT LLC24,898,417$948.6M4.70%
Capital International Investors19,562,612$745.3M3.69%
Invesco Ltd.17,545,873$668.5M3.31%
Bank of New York Mellon Corp17,127,619$652.6M3.23%
GEODE CAPITAL MANAGEMENT, LLC14,574,865$553.2M2.75%
GOLDMAN SACHS GROUP INC11,365,588$433.0M2.15%
Atlas FRM LLC9,840,000$374.9M1.86%
NORGES BANK6,114,486$233.0M1.15%
FRANKLIN RESOURCES INC5,564,420$212.0M1.05%
Hill City Capital, LP5,100,000$194.3M0.96%

Institutional ownership by quarter

2023-092026-06101.6%
% of shares held by 13F filers
2023-092026-06861
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-30861101.6%131330281103
2026-03-3184196.4%100316287102
2025-12-31857100.8%128254340127
2025-09-3087599.8%7728033590
2025-06-3090297.5%83353307115
2025-03-3194794.2%119388281112
2024-12-3195575.8%16029034363
2024-09-3087768.4%10930631386
2024-06-3086163.0%140261318114
2024-03-3184854.1%10928331290
2023-12-3184353.7%11725732166
2023-09-3080253.4%9426130559

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
CGDV1.50%$584.0M
VITSX0.02%$559.7M
VSMPX0.02%$559.7M
VTSAX0.02%$559.7M
VTI0.02%$559.7M
VOO0.03%$461.3M

Share structure

Shares outstanding529,569,878
Float518,720,699
Free float98.0%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$19.4B$21.2B$18.9B$18.6B$24.9B
Cost of revenue$13.8B$15.1B$13.6B$13.4B$17.5B
Gross profit$5.5B$6.0B$5.3B$5.2B$7.4B
R&D$0$0$0$0$0
SG&A$2.8B$3.1B$2.9B$3.3B$3.7B
Operating income$1.5B$1.8B$766.0M$476.0M−$2.8B
EBITDA$2.6B$3.0B$2.2B$1.9B−$138.0M
Pretax income$1.0B$1.5B$361.0M$142.0M−$3.4B
Income tax$188.0M−$236.0M$59.0M−$415.0M−$532.0M
Net income$1.8B$1.5B$288.0M$557.0M−$3.5B
EPS, diluted$4.47$4.10$0.87$1.57$-6.71
Diluted shares392.4M367.0M349.1M354.2M528.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.5B$804.0M$1.1B$1.2B$1.1B
Receivables$3.6B$3.8B$3.5B$3.4B$4.4B
Inventory$1.8B$1.9B$1.9B$1.8B$2.0B
Total current assets$7.1B$6.8B$6.6B$6.4B$10.1B
PP&E, net$10.8B$10.9B$10.6B$10.1B$15.1B
Goodwill & intangibles$3.4B$3.3B$3.2B$3.2B$9.4B
Total assets$25.2B$23.9B$23.3B$22.8B$38.0B
Accounts payable$2.6B$2.7B$2.4B$2.3B$6.4B
Total current liabilities$4.1B$5.0B$4.0B$4.3B$7.9B
Long-term debt$5.4B$4.8B$5.5B$5.4B$9.3B
Total liabilities$16.2B$15.4B$14.9B$14.6B$23.1B
Shareholders' equity$9.1B$8.5B$8.4B$8.2B$14.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.8B$1.5B$288.0M$557.0M−$3.5B
Depreciation & amortization$1.1B$1.0B$1.5B$1.3B$2.9B
Stock-based compensation$0$124.0M$58.0M$82.0M$0
Change in working capital−$426.0M−$145.0M−$2.0M−$10.0M−$834.0M
Operating cash flow$2.0B$2.2B$1.8B$1.7B$1.7B
Capital expenditure−$549.0M−$931.0M−$1.1B−$921.0M−$1.9B
Free cash flow$1.5B$1.2B$692.0M$757.0M−$159.0M
Investing cash flow$6.1B−$608.0M−$668.0M−$808.0M−$1.0B
Net debt issued / repaid−$5.2B−$6.0M$3.0M−$39.0M$154.0M
Buybacks−$839.0M−$1.3B−$218.0M−$23.0M−$65.0M
Dividends paid−$780.0M−$673.0M−$642.0M−$643.0M−$977.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin27.3%28.4%27.9%28.2%29.5%
Operating margin6.7%8.3%2.4%2.6%-11.3%
Net margin10.3%7.1%1.5%3.0%-14.1%
FCF margin8.7%5.9%3.7%4.1%-0.6%
ROE20.7%17.1%3.4%6.7%-30.6%
ROIC8.0%15.4%2.9%14.5%-9.1%
ROA6.2%6.1%1.2%2.4%-11.6%
Debt / equity0.640.690.710.720.73
Interest coverage1.5x4.7x1.9x1.3xn/m
Current ratio1.711.351.671.511.28
Revenue growth−17.7%+24.9%−10.6%−1.6%+33.7%
EPS growth+271.7%−6.0%−80.4%+92.8%−515.3%
P/E at year end8.7x7.1x40.0x32.3xn/m
EV / EBITDA at year end10.6x5.3x7.3x12.0xn/m
FCF yield at year end9.74%11.63%6.00%4.21%-0.76%
Dividend payout51.9%44.7%222.9%115.4%—

Revenue by segment

FY2021FY2022FY2023FY2024
North American Industrial Packaging$14.9B$16.0B—$14.3B
Industrial Packaging——$15.6B—
Global Cellulose Fibers$2.7B$3.2B$2.9B$2.8B
EMEA Industrial Packaging$1.5B$1.6B—$1.4B
Corporate and Other——$437.0M—

Revenue by region · FY2025

UNITED STATES$14.4B · 61%
EMEA$8.5B · 36%
Americas Other Than U S$713.0M · 3%
Asia$31.0M · 0%

Street estimates by fiscal year

Next report 2026-10-28 · consensus EPS $0.29 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$24.6B$24.1B – $25.6B$1.27$1.17 – $1.38826.9x
2027$26.2B$25.2B – $27.3B$3.09$2.86 – $3.92911.0x
2028$26.6B$25.6B – $28.1B$3.46$3.22 – $3.8259.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-30$-0.03$0.04+233.8%$6.2B$6.0B−3.0%
2026-04-30$0.15$0.15+2.3%$6.0B$6.0B−0.7%
2026-01-29$0.28$-0.08−128.6%$5.9B$6.0B+1.6%
2025-10-30$0.47$-0.43−191.8%$6.7B$6.2B−7.5%
2025-07-31$0.39$0.20−48.5%$6.6B$6.8B+1.8%
2025-04-30$0.38$0.23−39.1%$6.3B$5.9B−6.3%
2025-01-30$0.03$-0.02−166.7%$4.7B$4.6B−3.5%
2024-10-31$0.26$0.44+69.2%$4.7B$4.7B−0.3%
2024-07-24$0.40$0.55+37.5%$4.7B$4.7B+0.8%
2024-04-25$0.22$0.17−22.7%$4.6B$4.6B+1.4%
2024-02-01$0.34$0.41+20.6%$4.7B$4.6B−1.6%
2023-10-26$0.58$0.64+10.3%$4.8B$4.6B−4.0%
2023-07-27$0.38$0.59+55.3%$4.9B$4.7B−4.4%
2023-04-27$0.45$0.53+17.8%$5.0B$5.0B+0.7%
2023-01-31$0.69$0.87+26.1%$5.2B$5.1B−1.1%
2022-10-27$1.22$1.01−17.2%$5.3B$5.4B+1.0%
2022-07-28$1.08$1.24+14.8%$5.4B$5.4B+0.7%
2022-04-28$0.52$0.76+46.2%$5.0B$5.2B+4.3%
2022-01-27$0.87$0.78−10.3%$5.1B$5.1B+0.5%
2021-10-27$1.46$1.35−7.5%$5.9B$5.7B−2.7%
2021-07-29$1.06$1.060.0%$5.6B$5.6B−0.4%
2021-04-29$0.62$0.76+22.6%$4.2B$5.4B+29.2%
2021-02-04$0.84$0.75−10.7%$5.6B$5.2B−6.9%
2020-10-29$0.48$0.71+47.9%$3.5B$5.1B+47.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.306-220.106-290.207-060.207-130.407-200.407-270.208-030.208-100.108-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$201.2M5,438,77794,447
2026-08-24$189.4M4,662,34485,323
2026-08-17$129.7M3,186,15371,862
2026-08-10$150.9M3,659,20869,416
2026-08-03$241.6M5,783,714102,634
2026-07-27$399.1M9,326,392125,305

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1560.0%
DateShort shareShort volumeTotal volume
2026-10-1560.0%2,170,8813,619,152
2026-10-1449.0%663,8531,353,582
2026-10-1339.6%543,3701,371,741
2026-10-1241.5%606,6321,463,245
2026-10-0950.6%648,1681,281,520
2026-10-0855.7%887,3611,594,290
2026-10-0748.6%796,0291,637,354
2026-10-0642.4%618,3811,458,630
2026-10-0528.7%642,7892,236,700
2026-10-0236.2%717,7791,983,964
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.1Jan-0.8Feb+1.1Mar+3.6Apr+1.4May-1.3Jun+3.9Jul+0.3Aug-1.9Sep+0.6Oct+3.2Nov+0.4Dec
MonthAvg returnUp yearsYears
Jan−0.1%60%20
Feb−0.8%50%20
Mar+1.1%48%21
Apr+3.6%60%20
May+1.4%55%20
Jun−1.3%45%20
Jul+3.9%60%20
Aug+0.3%45%20
Sep−1.9%45%20
Oct+0.6%50%20
Nov+3.2%70%20
Dec+0.4%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1451.4
MFI34.1
ADX30.9
Stochastic %K / %D59.1 / 37.4
Williams %R-21.4
CCI47
TSI / signal-25.4 / -31.4
Chaikin money flow-0.12
ATR$1.10
Bollinger width17.1%
Volume vs 20-day avg1.03x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$33.26 (+2.4%)
SMA 50$36.26 (−6.1%)
SMA 200$37.56 (−9.3%)
EMA 21$33.43 (+1.9%)
EMA 50$35.11 (−3.0%)
EMA 200$37.70 (−9.7%)
Bollinger upper$36.10 (−5.7%)
Bollinger lower$30.42 (+11.9%)
Parabolic SAR$31.18 (+9.2%)
Open the live chart, 110+ indicators

About International Paper Company

International Paper Company, established in 1898 and headquartered in Memphis, Tennessee, functions as a leading global packaging enterprise. Its extensive operational footprint spans the United States, Europe, the Middle East, Africa, the Pacific Rim, Asia, and various other regions across the Americas. The company's business activities are structured into two principal divisions: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment is dedicated to producing a diverse range of containerboards, which encompass linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. Concurrently, the Global Cellulose Fibers division supplies fluff, market, and specialized pulps. These pulps are integral components for a wide array of products, including absorbent hygiene items such as baby diapers, feminine care, and adult incontinence products, alongside other non-woven goods, and traditional tissue and paper products. Additionally, they find application in numerous non-absorbent sectors like textiles, filtration systems, building materials, paints and protective coatings, reinforced plastics, and various other industrial uses. International Paper distributes its products directly to ultimate consumers and converters, as well as through an established network of agents, resellers, and paper distributors.

https://www.internationalpaper.com

Key executives

NameTitlePayBorn
Timothy S. NichollsExecutive Vice President & President of DS Smith$2.9M1961
Andrew K. SilvernailChief Executive Officer & Chairman$2.7M1971
Lance T. LoefflerSenior Vice President & Chief Financial Officer$1.7M1977
William Thomas HamicEVice President & President of North American Packaging Solutions$1.6M1966
Joseph R. SaabSenior Vice President, General Counsel & Corporate Secretary$1.3M1969
Mandi GillilandSenior Director of Investor Relations——
Michael H. AndersonVice President & Chief Information Officer——
Sophie N. BeckhamVice President & Chief Sustainability Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Andrew K. Silvernail CEO and Chairman of the Board (Principal Executive Officer)2025$1.0M$12.2M$1.3M$14.8M
Lance T. Loeffler Senior Vice President and Chief Financial Officer (Principal Financial Officer)2025$637,500$6.2M$560,360$7.6M
Timothy S. Nicholls Executive Vice President and President, PS EMEA2025$900,000$3.4M$791,100$6.3M
Joy N. Roman Former Senior Vice President, Chief People and Strategy Officer2025$259,423$3.2M$216,667$6.0M
W. Thomas Hamic Executive Vice President and President, PS NA2025$750,000$2.7M$659,250$4.5M
Joseph R. Saab Senior Vice President, General Counsel and Corporate Secretary2025$650,000$1.9M$527,400$3.3M

Employees

53k201851k201949k202038k202139k202239k202337k202463k2025

Dividends

Ex-dateAmountPaid
2026-11-16$0.46252026-12-15
2026-08-14$0.46252026-09-15
2026-05-22$0.46252026-06-12
2026-02-23$0.46252026-03-17
2026-02-22$0.46252026-03-17
2025-11-14$0.46252025-12-16
2025-08-15$0.46252025-09-16
2025-05-23$0.46252025-06-13

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage45
Intangibles70
Switching costs66
Network effect50
Efficient scale75
Our component scores (0-100) and overall 61.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms