International Paper (IP): financials, SEC filings and peers
International Paper (IP) is a paper & plastic packaging products & materials company in the Materials sector of the S&P 500, headquartered in Memphis, Tennessee.
It was founded in 1898 and joined the S&P 500 on March 4, 1957.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Paper Mills”.
International Paper at a glance
- Revenue (12 months)
- $24.2B
- Revenue growth
- +25.4%
- Operating margin
- -11.3%
- Net income (12 months)
- −$3.4B
- Free cash flow (12 months)
- $492M
- Cash
- $726M
- Debt
- $9.2B
- Diluted EPS (12 months)
- $-6.52
Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, International Paper reported revenue of $24.2 billion, up a strong 25.4% from $19.3 billion a year earlier.
Its operating margin was -11.3%, down 14.2 percentage points from a year earlier: for every $100 of sales, about $0 was left as operating profit.
International Paper reported a net loss of $3.4 billion over the period.
Operating cash flow was $2.6 billion and capital spending $2.2 billion, leaving free cash flow of $492 million (2.0% of revenue).
At the end of the period it held $726 million in cash and $9.2 billion in debt, a net debt position of $8.5 billion.
Five-year trend
- Revenue went from $17.6 billion in fiscal 2020 to $23.6 billion in fiscal 2025, about 6.1% a year.
- Free cash flow was negative in 1 of the last 6 fiscal years.
- International Paper reported a net loss in 1 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.4B | $21.2B | $16.0B | $15.8B | $23.6B |
| Revenue growth | 10.2% | 9.3% | -24.2% | -1.2% | 49.3% |
| Operating margin | — | — | — | — | — |
| Net income | $1.8B | $1.5B | $288M | $557M | −$3.5B |
| Free cash flow | $1.6B | $1.2B | $692M | $757M | −$159M |
| Diluted EPS | $4.47 | $4.10 | $0.82 | $1.57 | $-6.95 |
Fiscal years as reported in International Paper’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed August 5, 2026 — quarterly report
- 8-K filed July 30, 2026 — Earnings results
- 8-K filed July 17, 2026 — Executive or director change
- 8-K filed May 11, 2026 — Shareholder vote results
- 10-Q filed May 5, 2026 — quarterly report
- 8-K filed April 30, 2026 — Earnings results
- 10-K filed February 27, 2026 — annual report
- 8-K filed February 26, 2026 — Regulation FD disclosure
Companies like International Paper
Other S&P 500 companies in Paper & Plastic Packaging Products & Materials:
- AMCRAmcorWarmley, Bristol, United Kingdom
- AVYAvery DennisonMentor, Ohio
- PKGPackaging Corporation of AmericaLake Forest, Illinois
- SWSmurfit WestrockDublin, Ireland
More from Materials
Questions about International Paper
Is International Paper's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $24.2 billion, up 25.4% from a year earlier, according to its SEC filings.
Is International Paper profitable?
Not over the latest twelve months: it reported a net loss of $3.4 billion for the period to June 30, 2026.
Does International Paper have more cash or more debt?
At June 30, 2026 it had $726 million in cash and $9.2 billion in debt, so more debt than cash.
When did International Paper last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 5, 2026.
Which companies are similar to International Paper?
In the S&P 500, International Paper is grouped in Paper & Plastic Packaging Products & Materials within the Materials sector. Amcor (AMCR), Avery Dennison (AVY), Packaging Corporation of America (PKG), Smurfit Westrock (SW) are in the same group.
Understand the numbers
Source: International Paper’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.