Company financials

International Paper

Materials Paper & Plastic Packaging Products & Materials Memphis, Tennessee Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$23.6B
                    3y CAGR +3.8%
                    
                    P85
                    
                    +49.3%
                    
                    Net income
                    FY2025
                
$-3.5B
                    Net margin -14.9%
                    
                    P4
                    
                    -731.2%
                    
                    Total assets
                    FY2025
                
$38.0B
                    ROA -9.3%
                    
                    P4
                    
                    +66.5%
                    
                    Operating cash flow
                    FY2025
                
$1.7B
                    FCF margin -0.7%
                    
                    P18
                    
                    +1.2%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $38.0B

Total liabilities $7.9B

Shareholders equity $14.8B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$1.1B -2.1%	$1.2B 5.1%	$1.1B
Accounts Receivable	$3.8B 27.8%	$3.0B -3.0%	$3.1B
Inventory	$2.0B 12.8%	$1.8B -5.6%	$1.9B
Prepaid Expenses	$723.0M 569.4%	$108.0M -5.3%	$114.0M
Other Current Assets	$723.0M 569.4%	$108.0M -5.3%	$114.0M
Total Current Assets	$10.1B 57.3%	$6.4B -2.8%	$6.6B
Property,Plant and Equipment	$14.4B 49.5%	$9.7B -4.8%	$10.2B
Operating Lease Assets	$697.0M 61.0%	$433.0M -3.3%	$448.0M
Goodwill	$5.3B 75.3%	$3.0B -0.1%	$3.0B
Intangible Assets	$4.0B 2688.3%	$145.0M -20.8%	$183.0M
Other Noncurrent Assets	$514.0M -22.6%	$664.0M 57.7%	$421.0M
Total Assets	$38.0B 66.5%	$22.8B -2.0%	$23.3B
Liabilities
Accounts Payable	$3.9B 68.5%	$2.3B -5.2%	$2.4B
Accrued Liabilities	$1.2B 39.1%	$864.0M -12.0%	$982.0M
Deferred Revenue	$18.0M -40.0%	$30.0M -6.3%	$32.0M
Current Portion of Long Term Debt	$992.0M 414.0%	$193.0M 39.9%	$138.0M
Operating Lease Liabilities	$221.0M 41.7%	$156.0M 2.0%	$153.0M
Other Current Liabilities	$1.7B	—	—
Total Current Liabilities	$7.9B 85.5%	$4.3B 7.6%	$4.0B
Long Term Debt	$8.8B 64.7%	$5.4B -1.6%	$5.5B
Operating Lease Liabilities Noncurrent	$486.0M 66.4%	$292.0M -6.4%	$312.0M
Deferred Tax Liabilities	$1.9B 77.1%	$1.1B -30.9%	$1.6B
Other Noncurrent Liabilities	$1.4B 25.0%	$1.2B 5.1%	$1.1B
Total Liabilities	$7.9B 85.5%	$4.3B 7.6%	$4.0B
Equity
Common Stock	$627.0M 39.6%	$449.0M 0.0%	$449.0M
Additional Paid In Capital	$14.4B 204.6%	$4.7B 0.0%	$4.7B
Retained Earnings	$4.9B -48.0%	$9.4B -1.0%	$9.5B
Treasury Stock	$65.0M 182.6%	$23.0M -89.5%	$220.0M
Accumulated Other Comprehensive Income	$-528.0M 69.3%	$-1.7B -10.0%	$-1.6B
Total Stockholders Equity	$14.8B 81.4%	$8.2B -2.2%	$8.4B
Total Liabilitiesand Equity	$38.0B 66.5%	$22.8B -2.0%	$23.3B

Income Statement

Revenue, expense, and profitability

16 accounts · 3 years

Revenue $23.6B

Operating income $-2.8B

Net income $-3.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$23.6B 49.3%	$15.8B -1.2%	$16.0B
Expenses Cost of Revenue	$16.6B 46.0%	$11.4B -1.0%	$11.5B
Expenses Selling,General and Administrative	$2.0B 20.4%	$1.7B 35.5%	$1.3B
Expenses Depreciation and Amortization	$2.7B 222.8%	$851.0M -25.7%	$1.1B
Expenses Restructuring and Asset Impairment	$626.0M 507.8%	$103.0M 58.5%	$65.0M
Other Income Expense Operating Income	$-2.8B -491.4%	$725.0M 131.6%	$313.0M
Other Income Expense Interest Income	$179.0M -17.9%	$218.0M 16.0%	$188.0M
Other Income Expense Interest Expense	$551.0M 27.5%	$432.0M 3.3%	$418.0M
Other Income Expense Income Before Tax	$-3.4B -1012.7%	$369.0M -8.2%	$402.0M
Income Tax Income Tax Expense	$-533.0M -47.6%	$-361.0M -630.9%	$68.0M
net Income net Income	$-3.5B -731.2%	$557.0M 93.4%	$288.0M
net Income Comprehensive Income	$-2.3B -680.5%	$400.0M -38.3%	$648.0M
Earnings Per Share Basic Eps	$-7 -534.4%	$2 92.8%	$1
Earnings Per Share Diluted Eps	$-7 -542.7%	$2 91.5%	$1
Earnings Per Share Weighted Average Shares Basic	$505.7M 45.7%	$347.2M 0.1%	$346.9M
Earnings Per Share Weighted Average Shares Diluted	$505.7M 42.8%	$354.2M 1.5%	$349.1M

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 3 years

Operating cash flow $1.7B

Investing cash flow $-1.0B

Financing cash flow $-708.0M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$-3.5B -731.2%	$557.0M 93.4%	$288.0M
Operating Activities Depreciation and Amortization	$2.7B 222.8%	$851.0M -25.7%	$1.1B
Operating Activities Deferred Income Taxes	$-615.0M -71.8%	$-358.0M -225.5%	$-110.0M
Operating Activities Changes In Operating Assets and Liabilities	$-158.0M -1216.7%	$-12.0M 83.6%	$-73.0M
Operating Activities net Cash From Operating Activities	$1.7B 1.2%	$1.7B -8.5%	$1.8B
Investing Activities Capital Expenditures	$1.9B 101.6%	$921.0M -19.3%	$1.1B
Investing Activities Other Investing Activities	$-32.0M -1166.7%	$3.0M 0.0%	$3.0M
Investing Activities net Cash From Investing Activities	$-1.0B -26.7%	$-808.0M -21.0%	$-668.0M
Financing Activities Proceeds From Debt	$409.0M 301.0%	$102.0M -87.0%	$783.0M
Financing Activities Repayment of Debt	$255.0M 80.9%	$141.0M -81.9%	$780.0M
Financing Activities Repurchase of Common Stock	$65.0M 182.6%	$23.0M -89.4%	$218.0M
Financing Activities Dividends Paid	$977.0M 51.9%	$643.0M 0.2%	$642.0M
Financing Activities Other Financing Activities	$-1.0M 0.0%	$-1.0M 0.0%	$-1.0M
Financing Activities net Cash From Financing Activities	$-708.0M 8.6%	$-775.0M 10.5%	$-866.0M
Cash Reconciliation net Change In Cash	$-9.0M -115.8%	$57.0M -81.6%	$309.0M
Cash Reconciliation Cash At Beginning of Period	$1.1B -2.1%	$1.2B 5.1%	$1.1B
Cash Reconciliation Cash At End of Period	$1.1B -2.1%	$1.2B 5.1%	$1.1B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+29.6%	+28.0%	+28.2%
Operating margin	-12.0%	+4.6%	+2.0%
Net margin	-14.9%	+3.5%	+1.8%
FCF margin	-0.7%	+4.8%	+4.3%
Growth
Revenue CAGR (3y)	+3.8%	-6.5%	-3.0%
Returns
ROE	-23.7%	+6.8%	+3.4%
ROA	-9.3%	+2.4%	+1.2%
ROIC	-12.1%	+5.8%	+2.0%
Liquidity
Current ratio	1.28x	1.51x	1.67x
Quick ratio	0.62x	0.97x	1.05x
Leverage
D/E	0.53x	0.52x	0.47x
Interest coverage	-5.15x	1.68x	0.75x
Efficiency
Asset turnover	0.62x	0.69x	0.69x
Cash conversion cycle	+17d	+51d	+52d

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International Paper

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