Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America. It offers copy, tinted, and colored laser printing paper under the REY brand; and graphic and high-speed inkjet printing papers under the Berga brand; and produces paper used for office printing, business forms, digital printing, offset for printing books, and others, as well as products under the Multicopy brand names. The company also supplies uncoated freesheet paper under Chamex, Chamequinho and Chambril brands. In addition, it provides imaging, commercial printing, and converting papers; copy paper for use in copiers, desktop and laser printers and digital imaging; and uncoated papers under Hammermill, Springhill, Williamsburg, Accent, DRM and Postmark brand names. Further, the company operates integrated mills and non-integrated mills. It distributes its products to end users and converters, agents, resellers, and paper distributors through retail, merchant, and e-commerce channels. 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 | $3.4B | $423M | $132M | $44M | 13.7% | -11.2% | -56.3% |
| 2024 | $3.8B | $617M | $302M | $248M | 35.7% | 1.4% | 19.4% |
| 2023 | $3.7B | $572M | $253M | $294M | 28.1% | 2.6% | 114.4% |
| 2022 | $3.6B | $669M | $118M | $289M | 17.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,628 | 3,721 | 3,773 | 3,351 |
| Operating Revenue | - | 3,628 | 3,721 | 3,773 | 3,351 |
| Cost Of Revenue | - | 2,619 | 2,809 | 2,833 | 2,616 |
| Gross Profit | - | 1,009 | 912 | 940 | 735 |
| Operating Expense | - | 473 | 509 | 496 | 486 |
| Selling General And Administration | - | 325 | 343 | 311 | 281 |
| Total Expenses | - | 3,092 | 3,318 | 3,329 | 3,102 |
| Operating Income | - | 536 | 403 | 444 | 249 |
| EBITDA | - | 669 | 572 | 617 | 423 |
| Normalized EBITDA | - | 669 | 572 | 617 | 434 |
| EBIT | - | 544 | 429 | 458 | 244 |
| Interest Income | - | 8 | 26 | 14 | 6 |
| Interest Expense | - | 77 | 60 | 53 | 45 |
| Net Interest Income | - | -69 | -34 | -39 | -39 |
| Other Income Expense | - | - | - | - | -11 |
| Interest Income Non Operating | - | 8 | 26 | 14 | 6 |
| Interest Expense Non Operating | - | 77 | 60 | 53 | 45 |
| Net Non Operating Interest Income Expense | - | -69 | -34 | -39 | -39 |
| Pretax Income | - | 467 | 369 | 405 | 199 |
| Tax Provision | - | 131 | 116 | 103 | 67 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | -3.74 |
| Net Income Continuous Operations | - | 336 | 253 | 302 | 132 |
| Net Income From Continuing And Discontinued Operation | - | 118 | 253 | 302 | 132 |
| Net Income From Continuing Operation Net Minority Interest | - | 336 | 253 | 302 | 132 |
| Net Income | - | 118 | 253 | 302 | 132 |
| Net Income Common Stockholders | - | 118 | 253 | 302 | 132 |
| Net Income Including Noncontrolling Interests | - | 118 | 253 | 302 | 132 |
| Normalized Income | - | 336 | 253 | 302 | 139.26 |
| Diluted NI Availto Com Stockholders | - | 118 | 253 | 302 | 132 |
| Basic Average Shares | - | 44.03 | 42.03 | 41.09 | 40.10 |
| Diluted Average Shares | - | 44.03 | 42.03 | 42 | 40.70 |
| Reconciled Depreciation | - | 125 | 143 | 159 | 179 |
| Reconciled Cost Of Revenue | - | 2,619 | 2,809 | 2,833 | 2,616 |
| Total Unusual Items | 0 | - | 0 | 0 | -11 |
| Total Unusual Items Excluding Goodwill | 0 | - | 0 | 0 | -11 |
| Net Income Discontinuous Operations | 104 | -218 | 0 | 0 | - |
| Special Income Charges | 0 | - | 0 | 0 | -11 |
| Impairment Of Capital Assets | - | - | 0 | 0 | 11 |
| Restructuring And Mergern Acquisition | 0 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 125 | 143 | 159 | 179 |
| Depreciation And Amortization In Income Statement | - | 125 | 143 | 159 | 179 |
| General And Administrative Expense | 213 | 325 | - | - | - |
| Other Gand A | 213 | 325 | - | - | - |
| Total Other Finance Cost | -1 | 69 | - | - | - |
| Selling And Marketing Expense | 363 | 325 | - | - | - |
| Other Taxes | - | 23 | 23 | 26 | 26 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sylvamo Corporationthis co. | SLVM | $1.5B | 11.65 | 1.59 | 13.7% | 5.33 |
| Critical Metals Corp. | CRML | $1.6B | - | - | 1259.7% | - |
| FMC Corporation | FMC | $1.5B | -0.68 | 0.74 | -108.1% | -3.49 |
| REX American Resources Corporation | REX | $1.5B | 18.27 | 2.48 | 13.6% | 16.00 |
| Ecovyst Inc. | ECVT | $1.4B | -19.90 |
| - |
| - |
| - |
| - |
| - |
| 2.35 |
| -11.8% |
| 11.90 |
| Compass Minerals International, Inc. | CMP | $1.3B | -16.49 | 5.62 | -34.1% | 17.83 |
| United States Antimony Corporation | UAMY | $1.3B | -295.38 | 9.09 | -3.1% | -162.31 |
| Tronox Holdings plc | TROX | $1.2B | -2.65 | 0.88 | -33.1% | 211.38 |
| Oil-Dri Corporation of America | ODC | $1.2B | 32.68 | 5.78 | 17.7% | 17.88 |
| Peer Median | - | -2.65 | 2.48 | -7.4% | 16.00 | |