Loading company financials…
NEW YORK STOCK EXCHANGE, INC. · Packaging · CIK 0000051434
$33.63
-0.18% · delayed ~15 min
Last price from Oct 21, 2026
$21.09B market value
From INTERNATIONAL PAPER CO /NEW/'s FY2025 10-K, filed Feb 27, 2026 · read the filing
INTERNATIONAL PAPER /NEW/ makes paper and packaging. It took in $23.63B last year, which makes it a large company. It spends more than it earns — losing about 15 cents on every dollar of sales.
The financial picture is led by growth, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 1.17
Recent open-market selling by 2 insiders, not under a pre-arranged plan.
$1.2M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From INTERNATIONAL PAPER CO /NEW/'s FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Revenue
$15.84B → $23.63B
Gross profit
$4.44B → $7.00B
Profit
$557.0M → -$3.52B
Profit margin
3.5% → -14.9%
Measured against FY2024, from the 10-K filed Feb 27, 2026
Improved: +49.3%
$15.84B to $23.63BCritical
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote delayed ~15 min), and what was published around it
IP fell 0.18% on the latest quote. The average Materials company tracked here moved −1.28%, and the S&P 500 −1.04%. That is 1.1 points above its sector and 0.9 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Opinions from 21 analysts covering this company, as of . Their views, not this site's.
Of 21 analysts publishing on this company, 6 say strong buy, 11 say buy, 3 say hold and 1 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $3.52B last year, losing about 15 cents on every dollar of sales.
Yes, quickly. Sales grew 49.3% last year.
Manageable, but notable. Clearing its debt would take about 5.1 years of cash flow. For every $1 it owes, it owns $1.64 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It paid a dividend while making a loss, so the payment did not come out of profits — it came from reserves, borrowing or asset sales. It paid out 58% of the cash its operations generated. It has paid in each of the last 12 years.
WeakNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it lost $3.52B and generated $1.70B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 27, 2026Filing for FY2025 | FY202410-K · Feb 27, 2026Filing for FY2024 | FY202310-K · Feb 27, 2026Filing for FY2023 | FY202210-K · Feb 27, 2026Filing for FY2022 | FY202110-K · Feb 18, 2022Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $23.63B | $15.84B | $16.03B | $21.16B | $19.36B | +49.3% |
| Cost of revenue | $16.64B | $11.40B | $11.51B | $15.14B | $13.83B | +46.0% |
| Gross profit | $7.00B† | $4.44B† | $4.52B† | $6.02B† | $5.53B† | +57.7% |
| Gross marginGross profit ÷ revenueWhat is this? | 29.6% | 28.0% | 28.2% | 28.4% | 28.6% | +1.6 pts |
| Selling, general and administrative | $2.05B | $1.70B | $1.26B | $1.29B | $1.39B | +20.4% |
| Interest expense | $551.0M | $432.0M | $418.0M | $403.0M | $430.0M | +27.5% |
| Income before tax | -$3.37B | $369.0M | $402.0M | $1.51B | $999.0M | n/m |
| Net income | -$3.52B | $557.0M | $288.0M | $1.50B | $1.75B | n/m |
| Net marginNet income ÷ revenueWhat is this? | -14.9% | 3.5% | 1.8% | 7.1% | 9.0% | −18.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-5.61 | $1.24 | $0.6416 | $3.35 | $3.90 | n/m |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| IPINTERNATIONAL PAPER CO /NEW/ · this page | 4.7/10 | 4/9 | 49.3% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 24,500 shares at $41.20 ($1.0M)
Holds 106,952 shares after this filing.
Sold on the open market — 3,500 shares at $41.96 ($146.9K)
Holds 34,248 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Attached financial statements or exhibits
Read the filingQuarterly report for Q2 FY2026
Profit margin −1.4 pts · Profit turned negative · Earnings per share turned negative — against Q2 FY2026
Read the filingWrite down why you are following INTERNATIONAL PAPER CO /NEW/, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 336 subsidiaries named in its 10-K, incorporated across 75 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from IP's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 27, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 4.7 | 4/9 | 10-K, filed Feb 27, 2026 |
| FY2024 | 6.0 | 7/9 | 10-K, filed Feb 21, 2025 |
| FY2023 | 6.0 | 5/9 | 10-K, filed Feb 16, 2024 |
| FY2022 | 7.3 | 6/9 | 10-K, filed Feb 17, 2023 |
| FY2021 | 7.3 | 8/9 | 10-K, filed Feb 18, 2022 |
| FY2020 | 3.3 | 6/9 | 10-K, filed Feb 19, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
4 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.17
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +57.7%
$4.44B to $7.00BCritical
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: turned negative
$557.0M to -$3.52BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −18.4 pts
3.5% to -14.9%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: turned negative
$757.0M to -$159.0MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: turned negative
$1.24 to -$5.61Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +64.8%
$5.36B to $8.84BCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: +39.7%
448.9M to 627.0MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Changed: +51.9%
$643.0M to $977.0MCritical
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Changed: +101.6%
$921.0M to $1.86BCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.6 pts
28.0% to 29.6%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +7.8%
$1.06B to $1.15BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Q2 FY2026 against Q2 FY2026, from the 10-Q filed Aug 5, 2026 — read it.
Deteriorated: turned negative
$75.0M to -$12.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: turned negative
$0.12 to -$0.02Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -15.3%
$9.69B to $8.21BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -36.0%
$1.14B to $726.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: −1.4 pts
1.2% to -0.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q2 FY2026 against Q1 FY2026, from the 10-Q filed Aug 5, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Deteriorated: turned negative
$60.0M to -$12.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: turned negative
$0.10 to -$0.02Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -41.3%
$1.24B to $726.0MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: −1.3 pts
28.9% to 27.6%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −1.2 pts
1.0% to -0.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 7.2% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
This company has not reported enough of the required figures to calculate this score.
| -14.9% |
| — |
| 1.56x |
| PKGPACKAGING CORP OF AMERICA | 8.0/10 | 4/9 | 7.2% | 8.6% | 28.88x | 1.33x |
|---|
| AVYAvery Dennison Corp | 7.0/10 | 5/9 | 1.1% | 7.8% | 20.63x | 2.93x |
|---|
| Median of peers | 7.5/10 | — | 4.2% | 8.2% | 24.76x | 2.13x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 24,500 shares ($1.0M) on or after .
Shares originally obtained via Performance Stock Units.
Filed notice to sell 3,500 shares ($146.9K) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Had a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +13.4% · Profit margin +3.0 pts · Profit turned positive — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2025
Revenue +49.3% · Profit margin −18.4 pts · Gross profit +57.7% — against FY2024
Read the filingMade a Regulation FD disclosure
Read the filingPublished results
Read the filingCompleted an acquisition or disposal · Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2025
Revenue +56.4% · Profit margin −21.5 pts · Gross profit +76.1% — against Q3 FY2025
Read the filingPublished results
Read the filingReported another event
Read the filingRecorded a material impairment · Announced restructuring or exit costs · Made a Regulation FD disclosure
Read the filingRecorded a material impairment · Signed a material agreement · Announced restructuring or exit costs · Had a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +29.7% · Profit margin −9.3 pts · Profit -84.9% — against Q2 FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingThe first 40 of 336. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-02-27. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
A 30.9% Yield Looks Incredible. The Dividend Math Tells Another Story
Yahoo ·
International Paper: A Potential DS Smith Sale Is Not Enough To Change Our Sell Rating
SeekingAlpha ·
Packaging sector sees spin-offs and M&A activity
Yahoo ·
International Paper weighs potential sale of EMEA packaging business
Yahoo ·
International Paper (IP) Stock Still Looks Below Fair Value Following A 23% Fall
Yahoo ·
International Paper Q3 Preview: Wait For The Decision On EMEA Business
SeekingAlpha ·
What Is International Paper (IP) Planning For Its EMEA Packaging Business?
Yahoo ·
Why International Paper (IP) Stock Is Trading Up Today
Yahoo ·
US Equity Markets End Higher After Government Bond Yields Fall
Yahoo ·
Why International Paper Rallied Today
Yahoo ·
International Paper entertains offers for EMEA business
Yahoo ·
Why This Downtrodden Paper Maker Is a Top S&P 500 Stock Today
Yahoo ·
Primary sources and further research