International Paper financials
$33.32−2.00%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.63B | $15.84B | $16.03B | $21.16B | $19.36B | $17.57B | $18.32B | $23.31B | $21.74B | $19.50B |
| Gross profit | $7.00B | $4.44B | $4.52B | $6.02B | $5.53B | $5.23B | $5.65B | $7.75B | $6.94B | $6.08B |
| Gross margin | 29.6% | 28.0% | 28.2% | 28.4% | 28.6% | 29.8% | 30.8% | 33.3% | 31.9% | 31.2% |
| Operating income | -$3.01B | $541.0M | $686.0M | $1.86B | $1.16B | $740.0M | $1.63B | $2.44B | $1.42B | $1.39B |
| Net income | -$3.52B | $557.0M | $288.0M | $1.50B | $1.75B | $482.0M | $1.23B | $2.01B | $2.14B | $904.0M |
| Net margin | −14.9% | 3.5% | 1.8% | 7.1% | 9.0% | 2.7% | 6.7% | 8.6% | 9.9% | 4.6% |
| Diluted EPS | $-6.95 | $1.57 | $0.82 | $4.10 | $4.47 | $1.22 | $3.07 | $4.85 | $5.13 | $2.18 |
| EBITDA | $2.87B | $1.89B | $2.18B | $2.99B | $2.88B | $2.69B | $3.01B | $3.80B | $3.27B | $2.67B |
| Operating cash flow | $1.70B | $1.68B | $1.83B | $2.17B | $2.03B | $3.06B | $3.61B | $3.23B | $1.76B | $2.48B |
| Free cash flow | -$159.0M | $757.0M | $692.0M | $1.24B | $1.48B | $2.31B | $2.33B | $1.65B | $366.0M | $1.13B |
| Diluted shares | 505.7M | 354.2M | 349.1M | 367.0M | 392.4M | 395.7M | 398.8M | 414.2M | 417.7M | 415.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.15B | $1.06B | $1.11B | $804.0M | $1.29B | $468.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $245.0M | $0.00 |
| Total debt | $11.96B | $7.67B | $7.71B | $7.68B | $5.58B | $8.07B |
| Total assets | $37.96B | $22.80B | $23.26B | $23.94B | $25.24B | $31.72B |
| Total liabilities | $23.14B | $14.63B | $14.91B | $15.44B | $16.16B | $23.85B |
| Shareholders' equity | $14.83B | $8.17B | $8.36B | $8.50B | $9.08B | $7.87B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology