International Paper Co (IP) Financial Statements
Industry: Paper Mills
In fiscal 2025, International Paper reported revenue of $23.63B, up 26.9% from $18.62B the year before. Net income was -$3.52B (a -14.9% net margin), or -$6.95 per diluted share. Gross margin was 29.6% and operating margin was 1.4%. Operating activities generated $1.70B of cash, leaving -$159.0M of free cash flow. At fiscal year end, International Paper held $37.96B in total assets against $23.14B in total liabilities, including $1.15B of cash and equivalents.
Open the full interactive International Paper financials → Quarterly statements, key ratios, valuation history and price charts.
International Paper Key Stats
| Share Price | $31.81 |
|---|---|
| Market Cap | $16.84B |
| Dividend Yield | 5.81% |
| Revenue YoY Growth | +26.9% |
| 52-Week Range | $28.62 – $47.45 |
| Shares Outstanding | 529.5 million (basic, 2026 Q2) |
International Paper Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $20.58B | $19.36B | $21.16B | $18.92B | $18.62B | $23.63B |
| Cost of Goods Sold | $14.37B | $13.83B | $15.14B | $13.63B | $13.38B | $16.64B |
| Gross Profit | $6.21B | $5.53B | $6.02B | $5.29B | $5.24B | $7.00B |
| Operating Income | $1.81B | $1.64B | $1.85B | $1.25B | $725.0M | $336.0M |
| Pre-Tax Income | $650.0M | $999.0M | $1.51B | $382.0M | $147.0M | -$3.37B |
| Income Tax | $245.0M | $188.0M | -$236.0M | $59.0M | -$415.0M | -$533.0M |
| Net Income | $482.0M | $1.75B | $1.50B | $288.0M | $557.0M | -$3.52B |
| Diluted EPS | $1.16 | $4.47 | $4.10 | $0.82 | $1.57 | -$6.95 |
International Paper Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.22B | $4.74B | $5.97B | $6.00B |
| Net Income | -$1.10B | -$2.38B | $60.0M | -$12.0M |
| Diluted EPS | -$2.09 | -$4.71 | $0.11 | -$0.02 |
International Paper Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | — | — | $1.15B |
| Current Assets | $11.24B | $7.10B | $6.77B | $6.61B | $6.42B | $10.11B |
| Total Assets | $31.72B | $25.24B | $23.94B | $23.26B | $22.80B | $37.96B |
| Current Liabilities | $8.28B | $4.14B | $5.00B | $3.96B | $4.26B | $7.90B |
| Total Long-Term Debt | $8.09B | $5.58B | $5.58B | $5.59B | $5.56B | $9.83B |
| Total Liabilities | $23.86B | $16.16B | $15.44B | $14.91B | $14.63B | $23.14B |
| Shareholders' Equity | $7.85B | $9.08B | $8.50B | $8.36B | $8.17B | $14.83B |
International Paper Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.06B | $2.03B | $2.17B | $1.83B | $1.68B | $1.70B |
| Cash From Investing | -$269.0M | $6.05B | -$608.0M | -$668.0M | -$808.0M | -$1.02B |
| Cash From Financing | -$2.70B | -$7.38B | -$2.05B | -$866.0M | -$775.0M | -$708.0M |
| Free Cash Flow | $2.31B | $1.55B | $1.24B | $692.0M | $757.0M | -$159.0M |
| Dividends Paid | $806.0M | $780.0M | $673.0M | $642.0M | $643.0M | $977.0M |
Figures from International Paper's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full International Paper financials page for every line item.
International Paper Company Profile
| Ticker | IP |
|---|---|
| Exchange | NYSE, OTC |
| Industry | Paper Mills |
| Headquarters | Memphis, Tennessee |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000051434 |
Frequently Asked Questions
What was International Paper's revenue in fiscal 2025?
International Paper (IP) reported revenue of $23.63B for fiscal 2025.
What is International Paper's annual revenue history?
International Paper's annual revenue by fiscal year: 2020: $20.58B; 2021: $19.36B; 2022: $21.16B; 2023: $18.92B; 2024: $18.62B; 2025: $23.63B.
What was International Paper's net income in fiscal 2025?
International Paper reported net income of -$3.52B for fiscal 2025.
What was International Paper's earnings per share (EPS) in fiscal 2025?
International Paper's diluted EPS was -$6.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did International Paper generate in fiscal 2025?
International Paper generated -$159.0M of free cash flow in fiscal 2025.
What was International Paper's revenue last quarter?
In its most recent reported quarter (2026 Q2), International Paper reported revenue of $6.00B.
How much debt does International Paper have?
International Paper reported $9.83B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of International Paper are outstanding?
International Paper reported a weighted average of 529.5 million basic shares outstanding in 2026 Q2.
What is International Paper's market cap?
Based on its latest closing price, International Paper (IP) has a market capitalization of about $16.84B.
When does International Paper's fiscal year end?
International Paper's fiscal year end, as registered with the SEC, is December 31.
Where is International Paper headquartered?
International Paper lists its business address in Memphis, Tennessee in its SEC filings.