International Paper Co.

Paper Mills

IPStrained6 of 11 basics passed

$32.12

+0.75%

Market cap $17.0B

$32.12

+0.75%

Market cap $17.0B

International Paper manufactures packaging products. It accounts for roughly one-third of the North American corrugated packaging market.

It is a $17.0B materials company. Revenue grew 4.6% over the last year, it currently loses money, and its net debt equals ~17.7 years of free cash flow.

Website: internationalpaper.com
Location: Memphis, TN
Employees: 62 602
Sector: Basic Materials

Share price · 3 years

$35.37 → $32.12-9.2%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $22.9B
Loss: spends more than it earns; -$3.44B
Free cash flow: cash left after running the business; $492M
Net debt: debt minus cash on hand; $8.69B
P/E: years of profit in the price; 6.9
Dividend: of the share price, paid yearly; 5.76%
Shares: up 12% since 2016 — dilution; 505.9M
Volatility: beta vs the market — under 1 swings less; 0.98

Revenue, last 10 years

52-week range

Low $29.38$32.12High $49.19

Today's price is 14% of the way from the year's low to its high.

Valuation vs own history

P/E

52.3×

13%

P/S

0.7×

69%

EV/EBITDA

26.1×

P/B

1.2×

91%

FCF yield

2.9%

19%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$1.16Mnet selling

Purchases$0

Sales$1.16M

Insiders trading, last 14d0 buy · 0 sell

Standing in Basic Materials

Size$17.0Btop 60%
Revenue growth+4%top 44%
Net margin-13%top 96%
Return on equity-22%top 94%
P/E6.9×top 1%
Dividend yield5.76%top 7%

Ranked against 51 Basic Materials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Growth, Profitability, Health, Quality and Moat lag behind.

Valuation50

P/E vs own history88th pct · 0/25
FCF yield2.9% · 5/25
P/S0.9x · 25/25
EV/EBITDA13.2x · 20/25

Growth12

Revenue CAGR5.1% · 12/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth-50.2% · 0/25

Profitability0

ROIC-15.0% · 0/25
ROE-22.4% · 0/25
Net margin-15.0% · 0/25
Operating margin-13.3% · 0/25

Health24

Altman Zn/a · 0/25
Current ratio1.10 · 12/25
Interest coverage-8.1x · 0/25
Net cash / debtD/A 23% · 12/25

Quality47

Piotroski F4/9 · 10/25
Beneish M-2.64 · 25/25
FCF conversion-14% · 0/25
Margin stabilityσ 8.8% · 12/25

Moat37

ROIC >12% years5/10 yrs · 13/25
Median gross margin29.1% · 6/25
FCF-positive years5/6 yrs · 18/25
Worst-year net marginworst -14.9% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2023Acquisition
Paper acquired career and college readiness platform MajorClarity and AI-based reading software provider…
2022Acquisition
Paper acquired Figure Math
FY2017Financial
Best year on record
$2.14B net income
FY2016Financial
First recorded profitable year
$904M net income
FY2016Financial
Revenue already above $10B
$21.1B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$5 562 today — price return only

$23.6B revenue in FY2025

62 602 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Not profitable — 15.0% net margin
Thin interest coverage (-8.1×)
Loss-making in 1 of the recent years
Net debt equals ~17.7 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

6 of 11 checks passed

Revenue growing — the company sells more than a year ago+4.6% YoY
Profitable — makes more than it spends-$3.44B TTM
Profit growing — earnings are higher than last year-731.2% YoY
Generates cash — cash left after running and investing$492M TTM
Debt under control — could handle its obligations~17.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$17.0B market cap
Not printing shares — share count not ballooning — you keep your slice+26.8% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distresshealth score 12/100
Pays a dividend — returns cash to shareholdersyield 5.76%
Valuation not extreme — price not wildly above earningsP/E 6.9

Peer comparisonInternational Paper Co. vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
IP this company	$17.0B	6.9	+4.6%	-15.0%	Strained
LIN Linde plc Ordinary Share	$223.2B	30.8	+6.6%	20.4%	Solid
SCCO Southern Copper Corporation	$176.8B	31.2	+32.8%	35.9%	Strong
NEM Newmont Corporation	$124.2B	14.4	+25.2%	33.4%	Strong
FCX Freeport-McMoran Inc.	$105.8B	35.9	+0.2%	11.4%	Strong
AEM Agnico Eagle Mines Ltd.	$95.8B	15.9	+43.7%	37.5%	Strong
B Barrick Mining Corporation	$67.5B	10.1	+9.2%	31.6%	Strong

Head-to-head: IP vs LIN · IP vs SCCO · IP vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 11Hold 4Sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $22.9B · net income -$3.44B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$22.9B

YoY 4.6%

Net income (TTM)

-$3.44B

Margin -15.0%

Gross margin

29.3%

Operating margin

-13.3%

P/E ratio

6.9

Dividend yield

5.76%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	20.6	19.4	21.2	18.9	18.6	23.6
Gross profit	6.2	5.5	6.0	5.3	5.2	7.0
Operating income (EBIT)	4.7	1.7	1.9	1.0	1.1	1.2
Net income	0.5	1.8	1.5	0.3	0.6	-3.5
EPS (diluted)	1.22	4.47	4.10	—	1.00	-6.95

Cash flowFree cash flow $492M · operating cash flow $2.65B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$492M

Margin 2.1%

Operating cash flow (TTM)

$2.65B

FCF margin

2.1%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	3.1	2.0	2.2	1.8	1.7	1.7
Capital expenditure	—	-0.5	-0.9	-1.1	-0.9	-1.9
Free cash flow	3.1	1.5	1.2	0.7	0.8	-0.2
FCF margin	14.9%	7.6%	5.9%	3.7%	4.1%	-0.7%

Balance sheetAssets $38.0B · net debt $8.69B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $38.0B of assets is financed

61%

39%

Liabilities $23.1B — borrowed moneyEquity $14.8B — owners' stake

Cash vs debt

Total debt $9.83B − cash $1.15B = net debt $8.69B

Cash on hand covers 12% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-8.1x

EBIT ÷ interest expense

ROE

-22.4%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.6	1.3	0.8	1.1	1.2	1.1
Total assets	31.7	25.2	23.9	23.3	22.8	38.0
Total liabilities	23.9	16.2	15.4	14.9	14.6	23.1
Total debt	8.1	5.6	5.6	5.6	5.6	9.8
Equity	7.9	9.1	8.5	8.4	8.2	14.8
Net debt	7.5	4.3	4.8	4.5	4.4	8.7

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of IP on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $32.12 · market cap $17.0B.