IP
International Paper
NYSE: IP · CONSUMER CYCLICAL · PACKAGING & CONTAINERS
$33.58
-1.29% today
Updated 2026-04-29
Market cap
$17.78B
P/E ratio
—
P/S ratio
0.75x
EPS (TTM)
$-5.61
Dividend yield
5.44%
52W range
$32 – $54
Volume
6.7M
International Paper (IP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.00B | $21.89B | $24.83B | $23.37B | $25.18B | $26.03B | $21.85B | $23.48B | $23.62B | $20.68B | $19.50B | $21.74B | $23.31B | $18.32B | $17.57B | $19.36B | $21.16B | $18.92B | $18.62B | $24.90B |
| Revenue growth (YoY) | — | -0.5% | +13.4% | -5.9% | +7.8% | +3.4% | -16.1% | +7.5% | +0.6% | -12.5% | -5.7% | +11.5% | +7.2% | -21.4% | -4.1% | +10.2% | +9.3% | -10.6% | -1.6% | +33.7% |
| Cost of revenue | $16.25B | $16.06B | $18.74B | $15.22B | $18.48B | $18.96B | $15.29B | $16.28B | $16.25B | $14.31B | $13.42B | $14.80B | $15.55B | $12.67B | $13.38B | $13.83B | $15.14B | $15.06B | $13.38B | $17.55B |
| Gross profit | $5.75B | $5.83B | $6.09B | $8.15B | $6.70B | $7.07B | $6.57B | $7.20B | $7.36B | $6.36B | $6.08B | $6.94B | $7.75B | $5.65B | $4.18B | $5.53B | $6.02B | $3.85B | $5.24B | $7.35B |
| Gross margin | 26.1% | 26.6% | 24.5% | 34.9% | 26.6% | 27.2% | 30.0% | 30.7% | 31.2% | 30.8% | 31.2% | 31.9% | 33.3% | 30.8% | 23.8% | 28.6% | 28.4% | 20.4% | 28.2% | 29.5% |
| R&D | $45.00M | $24.00M | $22.00M | $13.00M | $12.00M | $13.00M | $13.00M | $18.00M | $16.00M | $27.00M | $730.00M | $28.00M | $30.00M | $29.00M | — | — | — | — | — | — |
| SG&A | $1.85B | $1.83B | $3.23B | $3.21B | $1.93B | $1.89B | $1.67B | $1.80B | $1.79B | $1.54B | $1.46B | $1.62B | $1.72B | $1.45B | $1.35B | $1.39B | $1.29B | $938.00M | $1.84B | $2.15B |
| Operating income | $1.45B | $1.71B | $1.32B | $3.28B | $1.80B | $2.32B | $1.79B | $2.11B | $2.46B | $2.25B | $2.10B | $2.37B | $2.96B | $1.74B | $1.40B | $1.47B | $1.75B | $1.19B | $476.00M | $-2.82B |
| Operating margin | 6.6% | 7.8% | 5.3% | 14.0% | 7.2% | 8.9% | 8.2% | 9.0% | 10.4% | 10.9% | 10.8% | 10.9% | 12.7% | 9.5% | 8.0% | 7.6% | 8.3% | 6.3% | 2.6% | -11.3% |
| EBITDA | $5.00B | $3.19B | $766.00M | $3.34B | $2.92B | $3.39B | $3.19B | $3.44B | $2.96B | $3.07B | $2.72B | $3.03B | $3.84B | $2.93B | $2.06B | $2.64B | $2.95B | $2.27B | $1.88B | $-138.00M |
| EBITDA margin | 22.7% | 14.6% | 3.1% | 14.3% | 11.6% | 13.0% | 14.6% | 14.7% | 12.5% | 14.8% | 13.9% | 13.9% | 16.5% | 16.0% | 11.7% | 13.6% | 14.0% | 12.0% | 10.1% | -0.6% |
| EBIT | $3.84B | $2.10B | $-581.00M | $1.87B | $1.47B | $2.05B | $1.71B | $1.90B | $1.55B | $1.78B | $1.49B | $1.61B | $2.52B | $1.62B | $925.00M | $1.43B | $1.91B | $803.00M | $577.00M | $-2.98B |
| Interest expense | $651.00M | $451.00M | $572.00M | $669.00M | $643.00M | $596.00M | $742.00M | $669.00M | $677.00M | $644.00M | $695.00M | $758.00M | $734.00M | $701.00M | $596.00M | $430.00M | $403.00M | $421.00M | $430.00M | $372.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.05B | $1.17B | $-1.28B | $663.00M | $691.00M | $1.32B | $794.00M | $1.40B | $555.00M | $938.00M | $904.00M | $2.14B | $2.01B | $1.23B | $230.00M | $1.75B | $1.50B | $302.00M | $557.00M | $-3.52B |
| Net income growth (YoY) | — | +11.2% | -209.8% | +151.7% | +4.2% | +91.3% | -39.9% | +75.7% | -60.2% | +69.0% | -3.6% | +137.2% | -6.2% | -39.1% | -81.2% | +661.7% | -14.2% | -79.9% | +84.4% | -731.2% |
| Profit margin | 4.8% | 5.3% | -5.2% | 2.8% | 2.7% | 5.1% | 3.6% | 5.9% | 2.4% | 4.5% | 4.6% | 9.9% | 8.6% | 6.7% | 1.3% | 9.0% | 7.1% | 1.6% | 3.0% | -14.1% |