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International Paper (IP) Financials

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$46.32 +0.02 (+0.04%)
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Annual Income Statements for International Paper

Annual Income Statements for International Paper

This table shows International Paper's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
938 904 2,144 2,012 1,225 482 1,752 1,504 288 557
Consolidated Net Income / (Loss)
917 902 2,144 2,017 1,220 482 1,754 1,504 288 557
Net Income / (Loss) Continuing Operations
832 800 2,110 1,672 694 182 813 1,741 302 557
Total Pre-Tax Income
1,132 795 848 1,781 921 329 999 1,511 382 147
Total Operating Income
1,861 2,049 3,387 4,378 2,706 699 2,612 3,372 613 1,788
Total Gross Profit
5,114 4,685 6,772 7,580 5,515 3,803 5,392 5,870 5,287 5,096
Total Revenue
20,675 19,495 21,743 23,306 18,317 17,565 19,363 21,161 18,916 18,619
Operating Revenue
20,675 19,495 21,743 23,306 18,317 17,565 19,363 21,161 18,916 18,619
Total Cost of Revenue
15,561 14,810 14,971 15,726 12,802 13,762 13,971 15,291 13,629 13,523
Operating Cost of Revenue
15,561 14,656 14,802 15,555 12,669 13,626 13,832 15,143 13,629 13,376
Other Cost of Revenue
- 154 169 171 133 136 139 148 - 147
Total Operating Expenses
3,253 2,636 3,385 3,202 2,809 3,104 2,780 2,498 4,674 3,308
Selling, General & Admin Expense
1,539 1,458 1,621 1,723 1,449 1,353 1,385 1,293 1,360 1,840
Depreciation Expense
1,167 1,124 1,343 1,328 1,072 1,091 1,097 1,040 1,432 1,305
Impairment Charge
137 - - 122 205 465 -7.00 76 0.00 0.00
Restructuring Charge
252 54 67 29 51 195 509 89 99 221
Other Special Charges / (Income)
0.00 0.00 354 0.00 32 - -204 0.00 0.00 -58
Total Other Income / (Expense), net
-729 -1,254 -2,539 -2,597 -1,785 -370 -1,613 -1,861 -231 -1,641
Interest Expense
555 520 572 536 499 446 337 325 231 208
Interest & Investment Income
- - - 0.00 0.00 35 -32 55 0.00 0.00
Other Income / (Expense), net
-174 -734 -1,967 -2,061 -1,286 41 -1,244 -1,591 0.00 -1,433
Income Tax Expense
417 193 -1,085 445 477 176 188 -236 59 -415
Other Gains / (Losses), net
117 198 177 336 250 29 2.00 -6.00 -21 -5.00
Net Income / (Loss) Discontinued Operations
85 102 34 345 526 300 941 -237 -14 0.00
Basic Earnings per Share
$2.25 $2.20 $5.19 $4.91 $3.10 $1.23 $4.50 $4.14 $0.83 $1.60
Weighted Average Basic Shares Outstanding
417.40M 411.10M 412.70M 409.10M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Diluted Earnings per Share
$2.23 $2.18 $5.13 $4.85 $3.07 $1.22 $4.47 $4.10 $0.82 $1.57
Weighted Average Diluted Shares Outstanding
417.40M 411.10M 412.70M 409.10M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Weighted Average Basic & Diluted Shares Outstanding
417.40M 411.10M 412.70M 409.10M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Cash Dividends to Common per Share
$1.64 $1.78 $1.86 $1.93 $2.01 $2.05 $2.00 $1.85 $1.85 $1.85

Quarterly Income Statements for International Paper

This table shows International Paper's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
951 -318 172 235 165 -284 56 498 150 -147
Consolidated Net Income / (Loss)
951 -318 172 235 165 -284 56 498 150 -147
Net Income / (Loss) Continuing Operations
887 171 172 222 192 -284 56 498 150 -147
Total Pre-Tax Income
313 322 221 255 232 -326 85 206 80 -224
Total Operating Income
843 1,213 720 702 685 -1,494 119 251 119 1,299
Total Gross Profit
1,534 1,391 1,378 1,282 1,268 1,359 763 960 950 2,423
Total Revenue
5,402 5,133 5,020 4,682 4,613 4,601 4,619 4,734 4,686 4,580
Operating Revenue
5,402 5,133 5,020 4,682 4,613 4,601 4,619 4,734 4,686 4,580
Total Cost of Revenue
3,868 3,742 3,642 3,400 3,345 3,242 3,856 3,774 3,736 2,157
Operating Cost of Revenue
3,830 3,668 3,642 3,360 3,345 3,282 3,815 3,739 3,699 2,123
Other Cost of Revenue
38 - - 40 - - 41 35 37 34
Total Operating Expenses
691 178 658 580 583 2,853 644 709 831 1,124
Selling, General & Admin Expense
337 315 381 336 286 357 358 453 508 521
Depreciation Expense
261 251 241 244 258 689 278 261 267 499
Restructuring Charge
93 - 0.00 0.00 0.00 99 3.00 0.00 56 162
Other Special Charges / (Income)
- - 0.00 0.00 0.00 - 5.00 -5.00 0.00 -58
Total Other Income / (Expense), net
-530 -891 -499 -447 -453 1,168 -34 -45 -39 -1,523
Interest Expense
123 59 62 59 58 52 46 55 51 56
Other Income / (Expense), net
-423 -822 -437 -388 -395 1,220 12 10 12 -1,467
Income Tax Expense
-575 148 48 33 39 -61 27 -293 -71 -78
Other Gains / (Losses), net
-1.00 -3.00 -1.00 0.00 -1.00 -19 -2.00 -1.00 -1.00 -1.00
Basic Earnings per Share
$2.66 ($1.12) $0.49 $0.68 $0.47 ($0.81) $0.16 $1.43 $0.43 ($0.42)
Weighted Average Basic Shares Outstanding
355.67M 350.08M 347.06M 346.00M 346.02M 346.35M 347.33M 347.37M 347.41M 526.13M
Diluted Earnings per Share
$2.64 ($0.87) $0.49 $0.68 $0.47 ($0.82) $0.16 $1.41 $0.42 ($0.42)
Weighted Average Diluted Shares Outstanding
360.40M 350.08M 353.30M 346.50M 348.10M 346.35M 348.50M 352.80M 353.40M 526.13M
Weighted Average Basic & Diluted Shares Outstanding
355.67M 350.08M 347.06M 346.00M 346.02M 346.35M 347.33M 347.37M 347.41M 526.13M
Cash Dividends to Common per Share
$0.46 $0.46 $0.46 $0.46 $0.46 $0.46 $0.46 $0.46 $0.46 $0.46

Annual Cash Flow Statements for International Paper

This table details how cash moves in and out of International Paper's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-831 -17 -15 -429 -78 84 700 -491 309 57
Net Cash From Operating Activities
2,580 2,478 1,757 3,226 3,610 3,063 2,030 2,174 1,833 1,678
Net Cash From Continuing Operating Activities
2,580 2,478 1,757 3,226 3,610 3,063 2,030 2,174 1,833 1,678
Net Income / (Loss) Continuing Operations
917 902 2,144 2,017 1,220 482 1,754 1,504 288 557
Consolidated Net Income / (Loss)
917 902 2,144 2,017 1,220 482 1,754 1,504 288 557
Depreciation Expense
1,294 1,227 1,423 1,328 1,306 1,287 1,210 1,040 1,432 1,305
Non-Cash Adjustments To Reconcile Net Income
1,060 892 955 155 532 996 -266 445 319 335
Changes in Operating Assets and Liabilities, net
-691 -543 -2,765 -274 552 298 -668 -815 -206 -519
Net Cash From Investing Activities
-1,739 -3,498 -1,391 -1,569 -1,300 -269 6,054 -608 -668 -808
Net Cash From Continuing Investing Activities
-1,739 -3,498 -1,391 -1,529 -1,300 -269 6,054 -608 -668 -808
Purchase of Property, Plant & Equipment
- -1,348 - - - - -549 -931 -1,141 -921
Sale of Property, Plant & Equipment
37 19 26 23 18 8.00 101 13 4.00 91
Divestitures
23 108 4.00 0.00 81 540 1,735 0.00 472 0.00
Sale and/or Maturity of Investments
- - - - - 0.00 0.00 311 0.00 0.00
Other Investing Activities, net
-1,601 -49 -1,376 -1,544 -1,296 -752 4,847 -1.00 -3.00 22
Net Cash From Financing Activities
-1,601 982 -399 -2,046 -2,389 -2,700 -7,375 -2,054 -866 -775
Net Cash From Continuing Financing Activities
-1,601 982 -399 -2,046 -2,389 -2,700 -7,375 -2,054 -866 -775
Repayment of Debt
-6,975 -1,983 -1,432 -1,015 -1,592 -2,435 -2,918 -1,108 -789 -211
Repurchase of Common Equity
-605 -132 -47 -732 -535 -42 -839 -1,284 -218 -23
Payment of Dividends
-685 -733 -769 -789 -796 -806 -780 -673 -642 -643
Issuance of Debt
6,873 3,830 1,933 490 534 583 1,512 1,011 783 102
Effect of Exchange Rate Changes
-71 21 18 -40 1.00 -8.00 -9.00 -3.00 10 -38

Quarterly Cash Flow Statements for International Paper

This table details how cash moves in and out of International Paper's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-315 293 -96 38 403 -36 -43 -21 110 11
Net Cash From Operating Activities
435 761 345 528 468 492 395 365 521 397
Net Cash From Continuing Operating Activities
435 761 345 528 468 492 395 365 521 397
Net Income / (Loss) Continuing Operations
951 -318 172 235 165 -284 56 498 150 -147
Consolidated Net Income / (Loss)
951 -318 172 235 165 -284 56 498 150 -147
Depreciation Expense
261 251 241 244 258 689 278 261 267 499
Non-Cash Adjustments To Reconcile Net Income
30 561 14 59 79 167 42 37 81 175
Changes in Operating Assets and Liabilities, net
-807 267 -82 -10 -34 -80 19 -431 23 -130
Net Cash From Investing Activities
-76 -315 -339 -264 245 -310 -247 -199 -188 -174
Net Cash From Continuing Investing Activities
-76 -315 -339 -264 245 -310 -247 -199 -188 -174
Purchase of Property, Plant & Equipment
-238 -322 -341 -267 -228 -305 -251 -198 -212 -260
Sale of Property, Plant & Equipment
- 2.00 2.00 1.00 1.00 - 1.00 3.00 1.00 86
Net Cash From Financing Activities
-669 -159 -108 -230 -306 -222 -191 -174 -223 -187
Net Cash From Continuing Financing Activities
-669 -159 -108 -230 -306 -222 -191 -174 -223 -187
Repayment of Debt
-754 -63 -439 -131 -146 -73 -8.00 -14 -62 -127
Repurchase of Common Equity
-270 -191 -177 -41 - - -22 - - -1.00
Payment of Dividends
-165 -164 -162 -160 -160 -160 -161 -160 -161 -161
Issuance of Debt
520 259 670 102 - 11 0.00 - - 102

Annual Balance Sheets for International Paper

This table presents International Paper's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
30,531 33,093 33,903 33,576 33,471 31,718 25,243 23,940 23,261 22,800
Total Current Assets
6,477 6,670 8,277 6,996 6,639 11,236 7,096 6,770 6,608 6,424
Cash & Equivalents
1,050 1,033 1,018 589 511 468 1,295 804 1,113 1,170
Note & Lease Receivable
2,675 2,852 3,287 3,521 3,280 2,632 3,232 3,284 3,059 2,966
Inventories, net
2,228 2,233 2,313 2,241 2,208 1,626 1,814 1,942 1,889 1,784
Other Current Assets
212 191 282 645 640 5,322 510 607 547 504
Plant, Property, & Equipment, net
11,980 13,003 13,265 13,067 13,004 10,945 10,441 10,431 10,150 9,658
Total Noncurrent Assets
12,074 13,420 12,361 13,513 13,828 9,537 7,706 6,739 6,503 6,718
Long-Term Investments
228 360 390 1,648 1,721 1,178 194 186 163 160
Noncurrent Note & Lease Receivables
7,014 7,033 7,051 7,070 7,088 2,257 2,275 2,294 2,312 2,331
Goodwill
3,335 3,364 3,411 3,374 3,347 3,115 3,130 3,041 3,041 3,038
Employee Benefit Assets
- - - - - 0.00 595 297 118 92
Other Noncurrent Operating Assets
1,497 1,645 1,509 1,421 1,672 1,033 955 921 869 1,097
Total Liabilities & Shareholders' Equity
30,531 33,093 33,903 33,576 33,471 31,718 25,243 23,940 23,261 22,800
Total Liabilities
26,622 28,734 27,362 26,193 25,753 23,850 16,161 15,443 14,906 14,627
Total Current Liabilities
3,924 4,069 5,102 4,694 8,646 8,284 4,144 5,000 3,959 4,258
Short-Term Debt
426 239 311 639 4,388 4,246 196 763 138 193
Accounts Payable
2,078 2,199 2,458 2,413 2,423 2,035 2,606 2,708 2,442 2,316
Accrued Expenses
986 1,069 1,043 1,107 1,369 917 902 1,174 982 1,000
Current Employee Benefit Liabilities
434 401 485 535 466 410 440 355 397 749
Total Noncurrent Liabilities
22,698 24,665 22,260 21,499 17,107 15,566 12,017 10,443 10,947 10,369
Long-Term Debt
15,121 17,359 17,137 16,313 11,682 10,134 7,482 6,922 7,568 7,488
Capital Lease Obligations
- - - 0.00 304 256 - 283 312 292
Noncurrent Deferred & Payable Income Tax Liabilities
3,231 3,127 2,291 2,600 2,633 2,572 2,618 1,732 1,552 1,072
Noncurrent Employee Benefit Liabilities
3,912 3,730 2,265 2,026 1,848 1,267 582 431 420 366
Other Noncurrent Operating Liabilities
434 441 567 560 640 968 1,335 1,075 1,095 1,151
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,909 4,359 6,541 7,383 7,718 7,868 9,082 8,497 8,355 8,173
Total Preferred & Common Equity
3,884 4,341 6,522 7,362 7,713 7,854 9,082 8,497 8,355 8,173
Total Common Equity
3,884 4,341 6,522 7,362 7,713 7,854 9,082 8,497 8,355 8,173
Common Stock
6,692 6,638 6,655 6,729 6,746 6,774 5,117 5,174 5,179 5,181
Retained Earnings
4,649 4,818 6,180 7,465 8,408 8,070 9,029 9,855 9,491 9,393
Treasury Stock
-1,749 -1,753 -1,680 -2,332 -2,702 -2,648 -3,398 -4,607 -4,750 -4,679
Accumulated Other Comprehensive Income / (Loss)
-5,708 -5,362 -4,633 -4,500 -4,739 -4,342 -1,666 -1,925 -1,565 -1,722

Quarterly Balance Sheets for International Paper

This table presents International Paper's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
24,865 23,940 23,771 23,683 23,951 23,261 23,028 23,063 23,161 22,800
Total Current Assets
6,622 6,770 6,615 6,476 6,780 6,608 6,459 6,557 6,643 6,424
Cash & Equivalents
511 804 636 746 1,149 1,113 1,070 1,049 1,159 1,170
Note & Lease Receivable
3,453 3,284 3,196 3,140 3,078 3,059 3,048 3,197 3,116 2,966
Inventories, net
1,976 1,942 1,939 1,911 1,929 1,889 1,771 1,728 1,795 1,784
Other Current Assets
682 607 682 649 624 547 570 583 573 504
Plant, Property, & Equipment, net
10,219 10,431 10,453 10,473 10,433 10,150 10,027 9,953 9,960 9,658
Total Noncurrent Assets
8,024 6,739 6,703 6,734 6,738 6,503 6,542 6,553 6,558 6,718
Long-Term Investments
926 186 187 183 184 163 160 163 161 160
Noncurrent Note & Lease Receivables
2,289 2,294 2,298 2,303 2,308 2,312 2,317 2,321 2,326 2,331
Goodwill
3,116 3,041 3,042 3,043 3,041 3,041 3,041 3,040 3,038 3,038
Employee Benefit Assets
772 297 305 315 324 118 145 171 197 92
Other Noncurrent Operating Assets
921 921 871 890 881 869 879 858 836 1,097
Total Liabilities & Shareholders' Equity
24,865 23,940 23,771 23,683 23,951 23,261 23,028 23,063 23,161 22,800
Total Liabilities
15,377 15,443 15,382 15,279 15,069 14,906 14,771 14,468 14,532 14,627
Total Current Liabilities
4,805 5,000 4,266 4,067 3,882 3,959 3,854 4,114 4,353 4,258
Short-Term Debt
616 763 367 248 120 138 138 259 259 193
Accounts Payable
2,668 2,708 2,541 2,394 2,363 2,442 2,322 2,350 2,436 2,316
Accrued Expenses
- 1,174 - - - 982 - - - 1,000
Current Employee Benefit Liabilities
378 355 350 385 370 397 378 473 637 749
Total Noncurrent Liabilities
10,572 10,443 11,116 11,212 11,187 10,947 10,917 10,354 10,179 10,369
Long-Term Debt
6,871 6,922 7,579 7,682 7,661 7,568 7,568 7,446 7,425 7,488
Capital Lease Obligations
251 283 286 304 317 312 307 299 295 292
Noncurrent Deferred & Payable Income Tax Liabilities
1,806 1,732 1,738 1,735 1,708 1,552 1,541 1,131 957 1,072
Noncurrent Employee Benefit Liabilities
548 431 428 422 415 420 416 379 373 366
Other Noncurrent Operating Liabilities
1,096 1,075 1,085 1,069 1,086 1,095 1,085 1,099 1,129 1,151
Commitments & Contingencies
- 0.00 - - - 0.00 - - - 0.00
Total Equity & Noncontrolling Interests
9,488 8,497 8,389 8,404 8,882 8,355 8,257 8,595 8,629 8,173
Total Preferred & Common Equity
9,488 8,497 8,389 8,404 8,882 8,355 8,257 8,595 8,629 8,173
Total Common Equity
9,488 8,497 8,389 8,404 8,882 8,355 8,257 8,595 8,629 8,173
Common Stock
5,151 5,174 5,148 5,137 5,154 5,179 5,112 5,137 5,159 5,181
Retained Earnings
10,340 9,855 9,866 9,938 9,938 9,491 9,386 9,719 9,705 9,393
Treasury Stock
-4,417 -4,607 -4,714 -4,751 -4,750 -4,750 -4,683 -4,681 -4,681 -4,679
Accumulated Other Comprehensive Income / (Loss)
-1,586 -1,925 -1,911 -1,920 -1,460 -1,565 -1,558 -1,580 -1,554 -1,722

Annual Metrics and Ratios for International Paper

This table displays calculated financial ratios and metrics derived from International Paper's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-12.46% -5.71% 11.53% 7.19% -21.41% -4.11% 10.24% 9.29% -10.61% -1.57%
EBITDA Growth
3.04% -14.73% 11.84% 28.21% -25.21% -25.64% 27.18% 9.43% -27.51% -18.83%
EBIT Growth
14.06% -22.05% 7.98% 63.17% -38.71% -47.89% 84.86% 30.19% -65.58% -42.09%
NOPAT Growth
-9.79% 32.00% 397.60% -57.46% -60.28% -75.08% 552.31% 83.86% -86.71% 1,218.82%
Net Income Growth
71.08% -1.64% 137.69% -5.92% -39.51% -60.49% 263.90% -14.25% -80.85% 93.40%
EPS Growth
72.87% -2.24% 135.32% -5.46% -36.70% -60.26% 266.39% -8.28% -80.00% 91.46%
Operating Cash Flow Growth
-16.15% -3.95% -29.10% 83.61% 11.90% -15.15% -33.73% 7.09% -15.69% -8.46%
Free Cash Flow Firm Growth
-158.38% 115.36% 1,248.78% -36.93% -51.72% 133.71% 72.85% -51.45% -74.77% 832.34%
Invested Capital Growth
24.87% 6.47% 13.72% 0.40% -1.08% -15.00% -22.13% 6.03% -1.60% -1.86%
Revenue Q/Q Growth
-9.58% 0.23% 9.65% 1.04% -19.76% 4.68% 17.34% 0.22% -2.74% -0.11%
EBITDA Q/Q Growth
-7.88% -6.23% 3.76% 4.86% -19.82% -27.71% -3.91% 0.32% -9.99% -4.82%
EBIT Q/Q Growth
-11.68% -12.22% 6.21% 8.37% -32.35% -50.86% -3.53% 2.00% -52.03% 42.57%
NOPAT Q/Q Growth
-13.26% 40.01% 355.33% -59.77% -48.24% 172.15% 88.98% 3.26% -78.90% 169.09%
Net Income Q/Q Growth
5.77% 4.76% 137.43% -36.15% -11.08% -2.63% -2.56% -22.03% 13.39% 32.62%
EPS Q/Q Growth
5.69% 4.81% 137.50% -35.93% -10.23% -2.40% -1.97% -22.20% 6.49% 34.19%
Operating Cash Flow Q/Q Growth
-5.63% -3.05% 18.64% -10.21% 3.05% -4.34% -25.15% 43.03% -12.80% -5.36%
Free Cash Flow Firm Q/Q Growth
-138.61% -74.16% 353.48% -65.19% -8.75% -48.55% 222.37% 72.95% -70.62% 174.64%
Invested Capital Q/Q Growth
-3.67% 4.48% -0.95% 4.23% -0.78% 27.49% 5.13% -2.83% -3.52% -3.09%
Profitability Metrics
- - - - - - - - - -
Gross Margin
24.74% 24.03% 31.15% 32.52% 30.11% 21.65% 27.85% 27.74% 27.95% 27.37%
EBITDA Margin
14.42% 13.04% 13.08% 15.64% 14.88% 11.54% 13.31% 13.33% 10.81% 8.92%
Operating Margin
9.00% 10.51% 15.58% 18.78% 14.77% 3.98% 13.49% 15.94% 3.24% 9.60%
EBIT Margin
8.16% 6.75% 6.53% 9.94% 7.75% 4.21% 7.07% 8.42% 3.24% 1.91%
Profit (Net Income) Margin
4.44% 4.63% 9.86% 8.65% 6.66% 2.74% 9.06% 7.11% 1.52% 2.99%
Tax Burden Percent
81.01% 113.46% 252.83% 113.25% 132.46% 146.50% 175.58% 99.54% 75.39% 378.91%
Interest Burden Percent
67.10% 60.46% 59.72% 76.87% 64.86% 44.46% 73.03% 84.84% 62.32% 41.41%
Effective Tax Rate
36.84% 24.28% -127.95% 24.99% 51.79% 53.50% 18.82% -15.62% 15.45% -282.31%
Return on Invested Capital (ROIC)
7.18% 8.27% 37.33% 14.89% 5.94% 1.61% 12.83% 26.16% 3.41% 45.70%
ROIC Less NNEP Spread (ROIC-NNEP)
4.99% 3.83% 0.72% 6.50% 5.35% 2.87% 8.28% -13.00% 0.02% -48.11%
Return on Net Nonoperating Assets (RNNOA)
12.81% 13.55% 2.01% 14.08% 10.22% 4.58% 7.86% -9.04% 0.01% -38.96%
Return on Equity (ROE)
20.00% 21.82% 39.34% 28.97% 16.16% 6.19% 20.70% 17.11% 3.42% 6.74%
Cash Return on Invested Capital (CROIC)
-14.94% 2.00% 24.49% 14.49% 7.02% 17.83% 37.71% 20.30% 5.02% 47.58%
Operating Return on Assets (OROA)
5.70% 4.13% 4.24% 6.87% 4.24% 2.27% 4.80% 7.24% 2.60% 1.54%
Return on Assets (ROA)
3.10% 2.84% 6.40% 5.98% 3.64% 1.48% 6.16% 6.12% 1.22% 2.42%
Return on Common Equity (ROCE)
19.62% 21.71% 39.21% 28.89% 16.13% 6.18% 20.68% 17.11% 3.42% 6.74%
Return on Equity Simple (ROE_SIMPLE)
23.61% 20.78% 32.87% 27.40% 15.82% 6.14% 19.31% 17.70% 3.45% 6.82%
Net Operating Profit after Tax (NOPAT)
1,175 1,552 7,721 3,284 1,305 325 2,120 3,899 518 6,836
NOPAT Margin
5.69% 7.96% 35.51% 14.09% 7.12% 1.85% 10.95% 18.42% 2.74% 36.71%
Net Nonoperating Expense Percent (NNEP)
2.19% 4.44% 36.61% 8.40% 0.59% -1.26% 4.55% 39.15% 3.39% 93.82%
Return On Investment Capital (ROIC_SIMPLE)
6.04% 7.07% 32.18% 13.50% 5.41% 1.44% 12.65% 23.68% 3.17% 42.34%
Cost of Revenue to Revenue
75.26% 75.97% 68.85% 67.48% 69.89% 78.35% 72.15% 72.26% 72.05% 72.63%
SG&A Expenses to Revenue
7.44% 7.48% 7.46% 7.39% 7.91% 7.70% 7.15% 6.11% 7.19% 9.88%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
15.73% 13.52% 15.57% 13.74% 15.34% 17.67% 14.36% 11.80% 24.71% 17.77%
Earnings before Interest and Taxes (EBIT)
1,687 1,315 1,420 2,317 1,420 740 1,368 1,781 613 355
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,981 2,542 2,843 3,645 2,726 2,027 2,578 2,821 2,045 1,660
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.56 3.34 2.53 1.59 1.75 1.96 1.73 1.31 1.42 2.27
Price to Tangible Book Value (P/TBV)
18.13 14.85 5.30 2.93 3.10 3.25 2.64 2.03 2.24 3.61
Price to Revenue (P/Rev)
0.48 0.74 0.76 0.50 0.74 0.88 0.81 0.52 0.63 1.00
Price to Earnings (P/E)
10.61 16.05 7.69 5.81 11.03 32.00 8.96 7.37 41.29 33.29
Dividend Yield
6.83% 5.05% 4.67% 6.67% 5.84% 5.23% 4.94% 5.93% 5.38% 3.47%
Earnings Yield
9.42% 6.23% 13.01% 17.22% 9.06% 3.13% 11.16% 13.56% 2.42% 3.00%
Enterprise Value to Invested Capital (EV/IC)
1.33 1.59 1.48 1.20 1.27 1.53 1.50 1.18 1.23 1.70
Enterprise Value to Revenue (EV/Rev)
1.17 1.58 1.50 1.13 1.51 1.62 1.12 0.85 0.99 1.35
Enterprise Value to EBITDA (EV/EBITDA)
8.13 12.09 11.45 7.25 10.15 14.02 8.39 6.41 9.11 15.17
Enterprise Value to EBIT (EV/EBIT)
14.37 23.37 22.92 11.40 19.48 38.41 15.82 10.15 30.40 70.94
Enterprise Value to NOPAT (EV/NOPAT)
20.63 19.81 4.21 8.04 21.20 87.45 10.20 4.63 35.95 3.68
Enterprise Value to Operating Cash Flow (EV/OCF)
9.40 12.40 18.52 8.19 7.66 9.28 10.66 8.31 10.17 15.01
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 81.82 6.42 8.27 17.93 7.89 3.47 5.97 24.41 3.54
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
3.98 4.04 2.67 2.30 2.12 1.86 0.85 0.94 0.96 0.98
Long-Term Debt to Equity
3.87 3.98 2.62 2.21 1.55 1.32 0.82 0.85 0.94 0.95
Financial Leverage
2.57 3.54 2.79 2.17 1.91 1.59 0.95 0.70 0.81 0.81
Leverage Ratio
6.46 7.70 6.15 4.85 4.44 4.18 3.36 2.80 2.80 2.79
Compound Leverage Factor
4.33 4.65 3.67 3.73 2.88 1.86 2.45 2.37 1.75 1.15
Debt to Total Capital
79.91% 80.15% 72.73% 69.66% 67.96% 65.04% 45.81% 48.39% 48.97% 49.38%
Short-Term Debt to Total Capital
2.19% 1.09% 1.30% 2.63% 18.21% 18.87% 1.17% 4.63% 0.84% 1.20%
Long-Term Debt to Total Capital
77.72% 79.06% 71.44% 67.04% 49.75% 46.17% 44.64% 43.76% 48.13% 48.19%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.13% 0.08% 0.08% 0.09% 0.02% 0.06% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
19.96% 19.77% 27.19% 30.25% 32.01% 34.90% 54.19% 51.61% 51.03% 50.62%
Debt to EBITDA
5.22 6.92 6.14 4.65 6.01 7.22 2.98 2.82 3.92 4.80
Net Debt to EBITDA
4.79 6.37 5.64 4.04 5.19 6.41 2.31 2.47 3.30 4.00
Long-Term Debt to EBITDA
5.07 6.83 6.03 4.48 4.40 5.13 2.90 2.55 3.85 4.69
Debt to NOPAT
13.23 11.34 2.26 5.16 12.55 45.02 3.62 2.04 15.47 1.17
Net Debt to NOPAT
12.14 10.44 2.08 4.48 10.84 39.96 2.80 1.79 13.01 0.97
Long-Term Debt to NOPAT
12.86 11.19 2.22 4.97 9.19 31.96 3.53 1.85 15.20 1.14
Altman Z-Score
1.40 1.32 1.51 1.58 1.28 1.49 2.17 2.23 2.09 2.32
Noncontrolling Interest Sharing Ratio
1.89% 0.52% 0.34% 0.29% 0.17% 0.12% 0.08% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.65 1.64 1.62 1.49 0.77 1.36 1.71 1.35 1.67 1.51
Quick Ratio
0.95 0.95 0.84 0.88 0.44 0.37 1.15 0.82 1.05 0.97
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-2,446 376 5,066 3,195 1,543 3,605 6,231 3,026 763 7,117
Operating Cash Flow to CapEx
0.00% 186.46% 0.00% 0.00% 0.00% 0.00% 453.13% 236.82% 161.21% 202.17%
Free Cash Flow to Firm to Interest Expense
-4.41 0.72 8.86 5.96 3.09 8.08 18.49 9.31 3.30 34.22
Operating Cash Flow to Interest Expense
4.65 4.77 3.07 6.02 7.23 6.87 6.02 6.69 7.94 8.07
Operating Cash Flow Less CapEx to Interest Expense
4.72 2.21 3.12 6.06 7.27 6.89 4.69 3.86 3.01 4.08
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.70 0.61 0.65 0.69 0.55 0.54 0.68 0.86 0.80 0.81
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
6.69 6.64 6.59 6.91 5.76 7.18 8.12 8.14 7.12 7.36
Fixed Asset Turnover
1.67 1.56 1.66 1.77 1.41 1.47 1.81 2.03 1.84 1.88
Accounts Payable Turnover
6.56 6.93 6.43 6.46 5.29 6.17 6.02 5.76 5.29 5.68
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
54.56 54.97 55.42 52.85 63.42 50.84 44.94 44.83 51.30 49.57
Days Payable Outstanding (DPO)
55.61 52.70 56.77 56.53 68.94 59.12 60.62 63.42 68.96 64.21
Cash Conversion Cycle (CCC)
-1.06 2.27 -1.35 -3.68 -5.52 -8.28 -15.69 -18.59 -17.66 -14.64
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
18,178 19,354 22,009 22,098 21,860 18,580 14,469 15,342 15,097 14,816
Invested Capital Turnover
1.26 1.04 1.05 1.06 0.83 0.87 1.17 1.42 1.24 1.24
Increase / (Decrease) in Invested Capital
3,621 1,176 2,655 89 -238 -3,280 -4,111 873 -245 -281
Enterprise Value (EV)
24,248 30,730 32,540 26,420 27,661 28,426 21,637 18,069 18,633 25,185
Market Capitalization
9,954 14,507 16,481 11,684 13,514 15,422 15,693 11,091 11,891 18,542
Book Value per Share
$9.37 $10.56 $15.79 $18.18 $19.67 $19.98 $23.45 $23.89 $24.15 $23.53
Tangible Book Value per Share
$1.32 $2.38 $7.53 $9.85 $11.13 $12.06 $15.37 $15.34 $15.36 $14.78
Total Capital
19,456 21,957 23,989 24,335 24,092 22,504 16,760 16,465 16,373 16,146
Total Debt
15,547 17,598 17,448 16,952 16,374 14,636 7,678 7,968 8,018 7,973
Total Long-Term Debt
15,121 17,359 17,137 16,313 11,986 10,390 7,482 7,205 7,880 7,780
Net Debt
14,269 16,205 16,040 14,715 14,142 12,990 5,944 6,978 6,742 6,643
Capital Expenditures (CapEx)
-37 1,329 -26 -23 -18 -8.00 448 918 1,137 830
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,929 1,807 2,468 2,352 1,870 6,730 1,608 1,729 1,674 1,189
Debt-free Net Working Capital (DFNWC)
2,979 2,840 3,486 2,941 2,381 7,198 3,148 2,533 2,787 2,359
Net Working Capital (NWC)
2,553 2,601 3,175 2,302 -2,007 2,952 2,952 1,770 2,649 2,166
Net Nonoperating Expense (NNE)
258 650 5,577 1,267 85 -157 366 2,395 230 6,279
Net Nonoperating Obligations (NNO)
14,269 14,995 15,468 14,715 14,142 10,712 5,387 6,845 6,742 6,643
Total Depreciation and Amortization (D&A)
1,294 1,227 1,423 1,328 1,306 1,287 1,210 1,040 1,432 1,305
Debt-free, Cash-free Net Working Capital to Revenue
9.33% 9.27% 11.35% 10.09% 10.21% 38.31% 8.30% 8.17% 8.85% 6.39%
Debt-free Net Working Capital to Revenue
14.41% 14.57% 16.03% 12.62% 13.00% 40.98% 16.26% 11.97% 14.73% 12.67%
Net Working Capital to Revenue
12.35% 13.34% 14.60% 9.88% -10.96% 16.81% 15.25% 8.36% 14.00% 11.63%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$2.25 $2.20 $5.19 $4.91 $3.10 $1.23 $4.50 $4.14 $0.83 $1.60
Adjusted Weighted Average Basic Shares Outstanding
411.16M 411.26M 412.94M 400.24M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Adjusted Diluted Earnings per Share
$2.23 $2.18 $5.13 $4.85 $3.07 $1.22 $4.47 $4.10 $0.82 $1.57
Adjusted Weighted Average Diluted Shares Outstanding
411.16M 411.26M 412.94M 400.24M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
411.16M 411.26M 412.94M 400.24M 392.12M 393.12M 376.36M 350.08M 346.35M 526.13M
Normalized Net Operating Profit after Tax (NOPAT)
1,421 1,592 2,666 3,397 2,096 951 2,362 2,476 602 1,366
Normalized NOPAT Margin
6.87% 8.17% 12.26% 14.58% 11.44% 5.42% 12.20% 11.70% 3.18% 7.34%
Pre Tax Income Margin
5.48% 4.08% 3.90% 7.64% 5.03% 1.87% 5.16% 7.14% 2.02% 0.79%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.04 2.53 2.48 4.32 2.85 1.66 4.06 5.48 2.65 1.71
NOPAT to Interest Expense
2.12 2.98 13.50 6.13 2.61 0.73 6.29 12.00 2.24 32.86
EBIT Less CapEx to Interest Expense
3.11 -0.03 2.53 4.37 2.88 1.68 2.73 2.66 -2.27 -2.28
NOPAT Less CapEx to Interest Expense
2.18 0.43 13.54 6.17 2.65 0.75 4.96 9.17 -2.68 28.87
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
74.70% 81.26% 35.87% 39.12% 65.25% 167.22% 44.47% 44.75% 222.92% 115.44%
Augmented Payout Ratio
140.68% 95.90% 38.06% 75.41% 109.10% 175.93% 92.30% 130.12% 298.61% 119.57%

Quarterly Metrics and Ratios for International Paper

This table displays calculated financial ratios and metrics derived from International Paper's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
9.93% 0.92% -4.14% -13.12% -14.61% -10.36% -7.99% 1.11% 1.58% -0.46%
EBITDA Growth
-14.55% 1.42% -18.89% -34.51% -19.53% -35.36% -21.95% -6.45% -27.37% -20.24%
EBIT Growth
-12.32% 9.83% -26.49% -46.32% -30.95% -170.08% -53.71% -16.88% -54.83% 38.69%
NOPAT Growth
253.79% -17.22% 127.43% -23.32% -76.17% -259.55% -85.59% -0.52% -60.58% 186.95%
Net Income Growth
10.07% -397.20% -52.22% -54.01% -82.65% 10.69% -67.44% 111.91% -9.09% 48.24%
EPS Growth
20.00% -390.00% -48.42% -50.72% -82.20% 5.75% -67.35% 107.35% -10.64% 48.78%
Operating Cash Flow Growth
-32.56% 611.22% -41.33% 35.38% 7.59% -35.35% 14.49% -30.87% 11.32% -19.31%
Free Cash Flow Firm Growth
-75.41% -104.44% -114.41% -100.96% 94.68% -268.14% 444.84% 5,779.32% -18.01% 248.64%
Invested Capital Growth
14.72% 6.03% 5.11% 4.17% -0.90% -1.60% -3.81% -1.86% -2.29% -1.86%
Revenue Q/Q Growth
0.24% -4.98% -2.20% -6.73% -1.47% -0.26% 0.39% 2.49% -1.01% -2.26%
EBITDA Q/Q Growth
-20.07% -5.73% -18.38% 6.49% -1.79% -24.27% -1.45% 27.63% -23.75% -16.83%
EBIT Q/Q Growth
-28.21% -6.90% -27.62% 10.95% -7.64% -194.48% 147.81% 99.24% -49.81% -228.24%
NOPAT Q/Q Growth
200.09% -72.59% -14.01% 8.43% -6.76% -283.52% 107.76% 648.77% -63.06% 304.83%
Net Income Q/Q Growth
86.11% -133.44% 154.09% 36.63% -29.79% -272.12% 119.72% 789.29% -69.88% -198.00%
EPS Q/Q Growth
91.30% -132.95% 156.32% 38.78% -30.88% -274.47% 119.51% 781.25% -70.21% -200.00%
Operating Cash Flow Q/Q Growth
11.54% 74.94% -54.66% 53.04% -11.36% 5.13% -19.72% -7.59% 42.74% -23.80%
Free Cash Flow Firm Q/Q Growth
-77.75% -159.49% 9.72% 91.93% 4,592.00% -212.50% 184.57% 32.90% -35.15% 103.95%
Invested Capital Q/Q Growth
4.90% -2.83% 1.92% 0.28% -0.20% -3.52% -0.38% 2.31% -0.64% -3.09%
Profitability Metrics
- - - - - - - - - -
Gross Margin
28.40% 27.10% 27.45% 27.38% 27.49% 29.54% 16.52% 20.28% 20.27% 52.90%
EBITDA Margin
12.61% 12.51% 10.44% 11.92% 11.88% 9.02% 8.85% 11.03% 8.49% 7.23%
Operating Margin
15.61% 23.63% 14.34% 14.99% 14.85% -32.47% 2.58% 5.30% 2.54% 28.36%
EBIT Margin
7.77% 7.62% 5.64% 6.71% 6.29% -5.96% 2.84% 5.51% 2.80% -3.67%
Profit (Net Income) Margin
17.60% -6.20% 3.43% 5.02% 3.58% -6.17% 1.21% 10.52% 3.20% -3.21%
Tax Burden Percent
303.83% -98.76% 77.83% 92.16% 71.12% 87.12% 65.88% 241.75% 187.50% 65.63%
Interest Burden Percent
74.52% 82.35% 78.09% 81.21% 80.00% 118.98% 64.89% 78.93% 61.07% 133.33%
Effective Tax Rate
-183.71% 45.96% 21.72% 12.94% 16.81% 0.00% 31.76% -142.23% -88.75% 0.00%
Return on Invested Capital (ROIC)
63.26% 18.13% 15.41% 17.19% 15.28% -28.25% 2.12% 15.35% 5.78% 24.72%
ROIC Less NNEP Spread (ROIC-NNEP)
35.67% 2.21% 9.50% 11.53% 9.09% -17.04% 1.76% 13.79% 4.66% 8.93%
Return on Net Nonoperating Assets (RNNOA)
19.49% 1.54% 7.28% 8.78% 6.46% -13.74% 1.49% 11.41% 3.58% 7.23%
Return on Equity (ROE)
82.75% 19.67% 22.69% 25.97% 21.75% -41.99% 3.61% 26.76% 9.35% 31.95%
Cash Return on Invested Capital (CROIC)
11.84% 20.30% 24.72% 25.60% 16.53% 5.02% 3.95% -5.08% -61.64% 47.58%
Operating Return on Assets (OROA)
6.04% 6.55% 4.83% 5.54% 5.01% -4.77% 2.24% 4.38% 2.21% -2.97%
Return on Assets (ROA)
13.68% -5.33% 2.93% 4.15% 2.85% -4.95% 0.96% 8.36% 2.53% -2.59%
Return on Common Equity (ROCE)
82.75% 19.67% 22.69% 25.97% 21.75% -41.99% 3.61% 26.76% 9.35% 31.95%
Return on Equity Simple (ROE_SIMPLE)
20.33% 0.00% 15.69% 12.38% 2.86% 0.00% 2.08% 5.06% 4.87% 0.00%
Net Operating Profit after Tax (NOPAT)
2,392 655 564 611 570 -1,046 81 608 225 909
NOPAT Margin
44.27% 12.77% 11.23% 13.05% 12.35% -22.73% 1.76% 12.84% 4.79% 19.85%
Net Nonoperating Expense Percent (NNEP)
27.60% 15.92% 5.92% 5.66% 6.20% -11.21% 0.36% 1.56% 1.11% 15.78%
Return On Investment Capital (ROIC_SIMPLE)
13.88% 3.98% 3.39% 3.67% 3.36% -6.39% 0.50% 3.66% 1.35% 5.63%
Cost of Revenue to Revenue
71.60% 72.90% 72.55% 72.62% 72.51% 70.46% 83.48% 79.72% 79.73% 47.10%
SG&A Expenses to Revenue
6.24% 6.14% 7.59% 7.18% 6.20% 7.76% 7.75% 9.57% 10.84% 11.38%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
12.79% 3.47% 13.11% 12.39% 12.64% 62.01% 13.94% 14.98% 17.73% 24.54%
Earnings before Interest and Taxes (EBIT)
420 391 283 314 290 -274 131 261 131 -168
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
681 642 524 558 548 415 409 522 398 331
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.08 1.31 1.37 1.21 1.29 1.42 1.57 1.70 1.93 2.27
Price to Tangible Book Value (P/TBV)
1.60 2.03 2.15 1.90 1.97 2.24 2.49 2.63 2.99 3.61
Price to Revenue (P/Rev)
0.48 0.52 0.55 0.50 0.59 0.63 0.70 0.79 0.90 1.00
Price to Earnings (P/E)
5.29 7.37 8.74 9.82 45.28 41.29 75.60 33.55 39.74 33.29
Dividend Yield
6.56% 5.93% 5.63% 6.29% 5.57% 5.38% 4.92% 4.40% 3.85% 3.47%
Earnings Yield
18.91% 13.56% 11.44% 10.19% 2.21% 2.42% 1.32% 2.98% 2.52% 3.00%
Enterprise Value to Invested Capital (EV/IC)
1.05 1.18 1.20 1.12 1.17 1.23 1.32 1.39 1.53 1.70
Enterprise Value to Revenue (EV/Rev)
0.78 0.85 0.90 0.87 0.94 0.99 1.07 1.15 1.25 1.35
Enterprise Value to EBITDA (EV/EBITDA)
5.87 6.41 6.98 7.28 8.04 9.11 10.25 11.29 13.39 15.17
Enterprise Value to EBIT (EV/EBIT)
9.45 10.15 11.22 12.44 14.29 30.40 42.92 52.42 93.78 70.94
Enterprise Value to NOPAT (EV/NOPAT)
4.37 4.63 4.16 3.84 7.44 35.95 1,950.04 0.00 0.00 3.68
Enterprise Value to Operating Cash Flow (EV/OCF)
10.86 8.31 9.76 8.47 8.69 10.17 10.51 12.43 13.17 15.01
Enterprise Value to Free Cash Flow (EV/FCFF)
9.43 5.97 4.99 4.45 7.03 24.41 32.64 0.00 0.00 3.54
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.82 0.94 0.98 0.98 0.91 0.96 0.97 0.93 0.92 0.98
Long-Term Debt to Equity
0.75 0.85 0.94 0.95 0.90 0.94 0.95 0.90 0.89 0.95
Financial Leverage
0.55 0.70 0.77 0.76 0.71 0.81 0.84 0.83 0.77 0.81
Leverage Ratio
2.84 2.80 2.83 2.81 2.66 2.80 2.81 2.75 2.69 2.79
Compound Leverage Factor
2.12 2.30 2.21 2.28 2.13 3.33 1.82 2.17 1.64 3.72
Debt to Total Capital
44.92% 48.39% 49.53% 49.49% 47.69% 48.97% 49.25% 48.22% 48.04% 49.38%
Short-Term Debt to Total Capital
3.58% 4.63% 2.21% 1.49% 0.71% 0.84% 0.85% 1.56% 1.56% 1.20%
Long-Term Debt to Total Capital
41.34% 43.76% 47.32% 48.00% 46.98% 48.13% 48.40% 46.66% 46.48% 48.19%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
55.08% 51.61% 50.47% 50.51% 52.31% 51.03% 50.75% 51.78% 51.96% 50.62%
Debt to EBITDA
2.75 2.82 3.05 3.42 3.56 3.92 4.15 4.23 4.58 4.80
Net Debt to EBITDA
2.24 2.47 2.72 3.04 2.98 3.30 3.51 3.59 3.82 4.00
Long-Term Debt to EBITDA
2.53 2.55 2.91 3.32 3.51 3.85 4.08 4.09 4.43 4.69
Debt to NOPAT
2.05 2.04 1.82 1.81 3.30 15.47 789.74 -7.41 -0.81 1.17
Net Debt to NOPAT
1.67 1.79 1.62 1.60 2.75 13.01 668.52 -6.28 -0.67 0.97
Long-Term Debt to NOPAT
1.89 1.85 1.74 1.75 3.25 15.20 776.14 -7.17 -0.78 1.14
Altman Z-Score
1.97 2.03 2.07 2.01 2.04 1.96 2.06 2.16 2.22 2.24
Noncontrolling Interest Sharing Ratio
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.38 1.35 1.55 1.59 1.75 1.67 1.68 1.59 1.53 1.51
Quick Ratio
0.83 0.82 0.90 0.96 1.09 1.05 1.07 1.03 0.98 0.97
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
366 -218 -196 -16 712 -801 677 900 584 1,190
Operating Cash Flow to CapEx
182.77% 237.81% 101.77% 198.50% 206.17% 161.31% 158.00% 187.18% 246.92% 228.16%
Free Cash Flow to Firm to Interest Expense
2.97 -3.69 -3.17 -0.27 12.27 -15.40 14.72 16.36 11.44 21.26
Operating Cash Flow to Interest Expense
3.54 12.90 5.56 8.95 8.07 9.46 8.59 6.64 10.22 7.09
Operating Cash Flow Less CapEx to Interest Expense
1.60 7.47 0.10 4.44 4.16 3.60 3.15 3.09 6.08 3.98
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.78 0.86 0.86 0.83 0.80 0.80 0.79 0.79 0.79 0.81
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
7.57 8.14 8.19 7.70 7.24 7.12 7.46 7.81 7.85 7.36
Fixed Asset Turnover
1.96 2.03 2.01 1.95 1.88 1.84 1.81 1.82 1.83 1.88
Accounts Payable Turnover
5.67 5.76 5.81 5.78 5.62 5.29 5.69 5.99 6.09 5.68
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
48.24 44.83 44.56 47.43 50.44 51.30 48.91 46.71 46.52 49.57
Days Payable Outstanding (DPO)
64.33 63.42 62.85 63.18 64.98 68.96 64.11 60.90 59.95 64.21
Cash Conversion Cycle (CCC)
-16.08 -18.59 -18.29 -15.74 -14.54 -17.66 -15.20 -14.18 -13.43 -14.64
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
15,789 15,342 15,636 15,679 15,647 15,097 15,040 15,387 15,288 14,816
Invested Capital Turnover
1.43 1.42 1.37 1.32 1.24 1.24 1.21 1.20 1.21 1.24
Increase / (Decrease) in Invested Capital
2,026 873 760 627 -142 -245 -596 -292 -359 -281
Enterprise Value (EV)
16,504 18,069 18,840 17,515 18,265 18,633 19,786 21,386 23,350 25,185
Market Capitalization
10,203 11,091 11,503 10,210 11,500 11,891 13,003 14,594 16,691 18,542
Book Value per Share
$26.21 $23.89 $23.96 $24.22 $25.67 $24.15 $23.77 $24.75 $24.84 $23.53
Tangible Book Value per Share
$17.60 $15.34 $15.27 $15.45 $16.88 $15.36 $15.02 $15.99 $16.10 $14.78
Total Capital
17,226 16,465 16,621 16,638 16,980 16,373 16,270 16,599 16,608 16,146
Total Debt
7,738 7,968 8,232 8,234 8,098 8,018 8,013 8,004 7,979 7,973
Total Long-Term Debt
7,122 7,205 7,865 7,986 7,978 7,880 7,875 7,745 7,720 7,780
Net Debt
6,301 6,978 7,337 7,305 6,765 6,742 6,783 6,792 6,659 6,643
Capital Expenditures (CapEx)
238 320 339 266 227 305 250 195 211 174
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,922 1,729 2,008 1,911 1,869 1,674 1,673 1,653 1,390 1,189
Debt-free Net Working Capital (DFNWC)
2,433 2,533 2,716 2,657 3,018 2,787 2,743 2,702 2,549 2,359
Net Working Capital (NWC)
1,817 1,770 2,349 2,409 2,898 2,649 2,605 2,443 2,290 2,166
Net Nonoperating Expense (NNE)
1,441 973 392 376 405 -762 25 110 75 1,056
Net Nonoperating Obligations (NNO)
6,301 6,845 7,247 7,275 6,765 6,742 6,783 6,792 6,659 6,643
Total Depreciation and Amortization (D&A)
261 251 241 244 258 689 278 261 267 499
Debt-free, Cash-free Net Working Capital to Revenue
9.10% 8.17% 9.59% 9.44% 9.61% 8.85% 9.04% 8.90% 7.46% 6.39%
Debt-free Net Working Capital to Revenue
11.52% 11.97% 12.97% 13.13% 15.52% 14.73% 14.82% 14.55% 13.67% 12.67%
Net Working Capital to Revenue
8.61% 8.36% 11.22% 11.90% 14.90% 14.00% 14.07% 13.16% 12.29% 11.63%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 ($1.12) $0.49 $0.68 $0.47 ($0.81) $0.16 $1.43 $0.43 ($0.42)
Adjusted Weighted Average Basic Shares Outstanding
355.67M 350.08M 347.06M 346.00M 346.02M 346.35M 347.33M 347.37M 347.41M 526.13M
Adjusted Diluted Earnings per Share
$0.00 ($0.87) $0.49 $0.68 $0.47 ($0.82) $0.16 $1.41 $0.42 ($0.42)
Adjusted Weighted Average Diluted Shares Outstanding
360.40M 350.08M 353.30M 346.50M 348.10M 346.35M 348.50M 352.80M 353.40M 526.13M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
355.67M 350.08M 347.06M 346.00M 346.02M 346.35M 347.33M 347.37M 347.41M 526.13M
Normalized Net Operating Profit after Tax (NOPAT)
655 655 564 611 570 -977 87 172 123 982
Normalized NOPAT Margin
12.13% 12.77% 11.23% 13.05% 12.35% -21.22% 1.88% 3.64% 2.61% 21.44%
Pre Tax Income Margin
5.79% 6.27% 4.40% 5.45% 5.03% -7.09% 1.84% 4.35% 1.71% -4.89%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
3.41 6.63 4.56 5.32 5.00 -5.27 2.85 4.75 2.57 -3.00
NOPAT to Interest Expense
19.44 11.11 9.09 10.36 9.83 -20.11 1.77 11.05 4.40 16.24
EBIT Less CapEx to Interest Expense
1.48 1.20 -0.90 0.81 1.09 -11.13 -2.59 1.20 -1.57 -6.11
NOPAT Less CapEx to Interest Expense
17.51 5.69 3.62 5.85 5.91 -25.98 -3.67 7.51 0.27 13.13
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
35.61% 44.75% 50.23% 62.60% 254.33% 222.92% 372.67% 147.36% 152.86% 115.44%
Augmented Payout Ratio
113.74% 130.12% 128.72% 127.88% 415.35% 298.61% 409.30% 152.41% 158.10% 119.57%

Frequently Asked Questions About International Paper's Financials

When does International Paper's fiscal year end?

According to the most recent income statement we have on file, International Paper's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has International Paper's net income changed over the last 9 years?

International Paper's net income appears to be on a downward trend, with a most recent value of $557 million in 2024, falling from $917 million in 2015. The previous period was $288 million in 2023.

What is International Paper's operating income?
International Paper's total operating income in 2024 was $1.79 billion, based on the following breakdown:
  • Total Gross Profit: $5.10 billion
  • Total Operating Expenses: $3.31 billion
How has International Paper revenue changed over the last 9 years?

Over the last 9 years, International Paper's total revenue changed from $20.68 billion in 2015 to $18.62 billion in 2024, a change of -9.9%.

How much debt does International Paper have?

International Paper's total liabilities were at $14.63 billion at the end of 2024, a 1.9% decrease from 2023, and a 45.1% decrease since 2015.

How much cash does International Paper have?

In the past 9 years, International Paper's cash and equivalents has ranged from $468 million in 2020 to $1.30 billion in 2021, and is currently $1.17 billion as of their latest financial filing in 2024.

How has International Paper's book value per share changed over the last 9 years?

Over the last 9 years, International Paper's book value per share changed from 9.37 in 2015 to 23.53 in 2024, a change of 151.1%.

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This page (NYSE:IP) was last updated on 4/17/2025 by MarketBeat.com Staff
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