International Paper CompanyIP
NYSE•Consumer Cyclical•Packaging & Containers
International Paper Company produces and sells renewable fiber-based packaging in North America, Latin America, Europe, South America, and North Africa. It operates through two segments, Packaging Solutions North America and Packaging Solutions EMEA. The company offers linerboard, medium, whitetop, and saturating kraft; and converts containerboard into corrugated boxes, bulk bins, shipping containers and specialty packaging through its converting facilities. Its products support customers in various industries, such as food and beverage, agriculture, industrial manufacturing, personal care pharmaceuticals and consumer goods. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
International Paper Company (IP) reported trailing twelve months revenue of $23.70B as of March 2026, a 19.1% increase year-over-year. Quarterly revenue reached $5.97B, reflecting continued top-line momentum.
International Paper Company reported a TTM net loss of $3.35B, with quarterly EBITDA of $582.00M. The operating margin expanded from -2.3% to 1.6%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (1.6%) and net margin (1.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -1.8% a year ago, signaling stronger bottom-line efficiency.
IP trades at a P/S of 0.8x. The price-to-book ratio of 1.2x reflects a moderate premium to book value.
The company generated $94.00M in free cash flow over the trailing twelve months, a 115.2% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $36.43B in total assets with $8.18B in long-term debt against $14.81B in stockholders equity for a debt-to-equity ratio of 0.6. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -8.4%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~27.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.6 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 52.3% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation