International Paper Company produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa. It operates through two segments, Packaging Solutions North America and Packaging Solutions EMEA. The company offers linerboard, medium, whitetop, and saturating kraft; and converts containerboard into corrugated boxes, bulk bins, shipping containers and specialty packaging through its converting facilities. Its products support customers in various industries, such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $23.6B | $65M | $-3.5B | $-159M | -23.7% | 49.3% | -731.2% |
| 2024 | $15.8B | $2.1B | $557M | $757M | 6.8% | -1.2% | 93.4% |
| 2023 | $16.0B | $2.3B | $288M | $692M | 3.4% | -24.2% | -80.9% |
| 2022 | $21.2B | $3.0B | $1.5B | $1.2B | 17.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 21,161 | 16,033 | 15,835 | 23,634 |
| Cost Of Revenue | - | 15,143 | 11,512 | 11,397 | 16,637 |
| Gross Profit | - | 6,018 | 4,521 | 4,438 | 6,997 |
| Operating Expense | - | 4,264 | 3,770 | 3,853 | 7,007 |
| Operating Income | - | 1,754 | 751 | 585 | -10 |
| EBITDA | - | 2,954 | 2,252 | 2,106 | 65 |
| EBIT | - | 1,914 | 820 | 801 | -2,817 |
| Pretax Income | - | 1,511 | 402 | 369 | -3,368 |
| Tax Provision | - | -236 | 68 | -361 | -533 |
| Net Income | - | 1,504 | 288 | 557 | -3,516 |
| Net Income Common Stockholders | - | 1,504 | 288 | 557 | -3,516 |
| Total Expenses | - | 19,407 | 15,282 | 15,250 | 23,644 |
| Interest Expense | - | 403 | 418 | 432 | 551 |
| Interest Income | - | 78 | 188 | 218 | 179 |
| Selling General And Administration | - | 3,076 | 2,497 | 2,883 | 4,050 |
| Normalized EBITDA | - | 3,064 | 2,317 | 2,150 | 3,063 |
| Normalized Income | - | 1,827.90 | 366.95 | 759.76 | -319.68 |
| Market Cap | 17,287.73 | 17,287.73 | 17,287.73 | 17,287.73 | 17,287.73 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| International Paper Companythis co. | IP | - | -4.92 | 1.17 | -23.7% | 407.07 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Aptiv PLC | APTV | $12.8B | 91.48 | 1.64 | 1.8% | 9.40 |
| Best Buy Co., Inc. | BBY | $12.8B | 11.85 | 4.27 | 36.1% | 6.60 |
| Avery Dennison Corporation | AVY | $12.7B | 18.50 |
| - |
| - |
| - |
| - |
| - |
| - |
| 5.68 |
| 30.7% |
| 11.71 |
| Amcor plc | AMCR | $12.4B | 35.22 | 1.53 | 4.4% | 18.20 |
| Domino's Pizza, Inc. | DPZ | $12.4B | 20.56 | -3.17 | -15.4% | 16.39 |
| Wynn Resorts, Limited | WYNN | $10.9B | 33.66 | -40.00 | -118.8% | 12.35 |
| Booking Holdings Inc. | BKNG | $5.8B | 25.96 | -25.15 | -96.9% | 15.44 |
| Peer Median | - | 29.81 | 1.59 | 1.6% | 13.90 | |