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Screener / SEC EDGAR /CIK 0000051434 /10-K filed Feb 27, 2026, compared with Feb 21, 2025 /Numbers from the XBRL of the 10-Ks
Materials peers:
IPNEMFCXAMCRSTLDSHW
NYSE, OTC Materials · Paper

International Paper IP

IP quote by TradingView

International Paper Company (the "Company," "International Paper" or "IP", which may also be referred to as "we" or "us") is a global leader in sustainable packaging solutions. 10-K, Item 1

Employees
62,602
Headquarters
Memphis, TN
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $15.8B through the costs to a net profit of $557.0M · income statement of the 10-K

4% net margin
Revenue to Gross profit: $4.4BRevenue to Cost of revenue: $11.4BGross profit to Net profit: $557.0MGross profit to Costs, tax, other: $3.9B Revenue: $15.8B REVENUE $15.8B −1% Y/Y Gross profit: $4.4B · 28% margin GROSS PROFIT $4.4B 28% margin Cost of revenue: $11.4B · 72% of revenue COST OF REVENUE $11.4B 72% of revenue Net profit: $557.0M · 4% margin NET PROFIT $557.0M 4% margin · +93% Y/Y Costs, tax, other: $3.9B · 25% of revenue COSTS, TAX, OTHER $3.9B 25% of revenue
Gross profit $4.4B 28% margin
Net profit $557.0M 4% margin · +93% Y/Y
The full income statement, year by year

IP among Materials peers

Six ratios from the latest 10-K. Each corner is the share of 23 peers the company is above, not a score.

Compare
Revenue growth: 49.3%, above 96% of 23 peers (their median 3.6%) REVENUE GROWTH 49.3% · above 96% Gross margin: 29.8%, above 63% of 19 peers (their median 26.7%) GROSS MARGIN 29.8% · above 63% Net margin: -14.3%, above 0% of 23 peers (their median 9.2%) NET MARGIN -14.3% · above 0% FCF margin: 0.3%, above 9% of 23 peers (their median 7.0%) FCF MARGIN 0.3% · above 9%
IP Peer median Below the median

What changed

614 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 27, 2026 against Feb 21, 2025.

Risk factors
614 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: As of December 31, 2025, the Company’s US Pension Plan held approximately $2.2 billion in investments whose; These NAVs are generally determined by the US Pension Plan’s third-party administrators or fund managers and; Given a lack of a readily determinable value of these investments and the subjective nature of the valuation; Our audit procedures related to the determination of NAV associated with the Company’s US Pension Plan’s; December 31, 2025. This roll forward procedure included consideration of the Company’s transactions in; Goodwill - Packaging Solutions EMEA; The Company’s evaluation of goodwill for impairment involves the comparison of the fair value of each reporting unit; Changes to the assumptions and estimates may result in a significantly different estimate of the fair value of the; Our audit procedures related to forecasts of future revenues and operating margins, and the selection of the; PS EMEA by comparing the forecasts to (1) forecasted information in industry reports, market data, and; Business Combinations - Acquisition of DS Smith - Valuation of Customer Relationships and Lists - Refer; The Company completed the acquisition of DS Smith for $9.9 billion on January 31, 2025. The Company allocates; Smith included customer relationships and lists of $3.4 billion. Management estimated the fair value of the customer; Our audit procedures related to the forecasts of future revenues and operating margins, and the selection of the. No longer listed: Income taxes - Legal entity restructuring. Same as last year: Retirement Plans - Fair value of other investments
10-K · XBRL
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed Aug 21, 2025 (3 in 2 years)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: As of December 31, 2025, the Company’s US Pension Plan held approximately $2.2 billion in investments whose; These NAVs are generally determined by the US Pension Plan’s third-party administrators or fund managers and; Given a lack of a readily determinable value of these investments and the subjective nature of the valuation; Our audit procedures related to the determination of NAV associated with the Company’s US Pension Plan’s; December 31, 2025. This roll forward procedure included consideration of the Company’s transactions in; Goodwill - Packaging Solutions EMEA; The Company’s evaluation of goodwill for impairment involves the comparison of the fair value of each reporting unit; Changes to the assumptions and estimates may result in a significantly different estimate of the fair value of the; Our audit procedures related to forecasts of future revenues and operating margins, and the selection of the; PS EMEA by comparing the forecasts to (1) forecasted information in industry reports, market data, and; Business Combinations - Acquisition of DS Smith - Valuation of Customer Relationships and Lists - Refer; The Company completed the acquisition of DS Smith for $9.9 billion on January 31, 2025. The Company allocates; Smith included customer relationships and lists of $3.4 billion. Management estimated the fair value of the customer; Our audit procedures related to the forecasts of future revenues and operating margins, and the selection of the. No longer listed: Income taxes - Legal entity restructuring. Same as last year: Retirement Plans - Fair value of other investments
  • Material impairment (8-K item 2.06)
    8-K item 2.06 (material impairments) filed Aug 21, 2025 (3 in 2 years)
  • Receivables +57.8% vs revenue +49.3% (+8.6 pts)
8 more checks with nothing to note
  • Cash from operations $1.7B vs net income −$3.5B (FY ending Dec 31, 2025)
  • Inventory +35.4% vs revenue +49.3% (-13.9 pts)
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 1.03 in the last 2 years

In their words

614 paragraphs in Risk Factors that were not in the 10-K filed Feb 21, 2025. Quoted as filed.

All 614 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    The following are material risk factors of which we are aware, including risk factors that could cause the Company’s actual results to differ materially from those contemplated in any forward-looking statement. If any of the events or circumstances described in any of the following risk factors occurs, our business, results of…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    We rely heavily on the use of certain raw materials (principally virgin wood fiber, recycled fiber, caustic soda, starch and adhesives), energy sources (principally biomass, natural gas, electricity and fuel oil) and third-party transport companies. The market price of virgin wood fiber varies based on availability, demand, quality, and…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    In addition, because our business operates in highly competitive industry segments, we have not always been able to, and may in the future be unable to, recoup past or future increases in the costs of any raw materials, energy sources or transportation sources from customers, which significantly affect profitability. In addition, where…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 21, 2025 10-K, ITEM 1A
    We operate in a competitive international environment. Our products compete with other forest products and Product innovations, manufacturing and operating efficiencies, additional manufacturing capacity, distribution and commercial strategies pursued or achieved by competitors, and the entry of new competitors, could negatively impact…

New risk paragraphs, against peers

Latest 10-K of each, Materials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$21.2B$16.0B$15.8B$23.6B
Net income$1.5B$288.0M$557.0M−$3.5B
Operating cash flow$2.2B$1.8B$1.7B$1.7B
Free cash flow$1.2B$692.0M$757.0M−$159.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$23.6B ▲ 49.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

International Paper, Memphis, TN · from the 10-K filed Feb 27, 2026

International Paper Company (the "Company," "International Paper" or "IP", which may also be referred to as "we" or "us") is a global leader in sustainable packaging solutions. We produce renewable fiber-based packaging products with manufacturing operations in North America, Latin America, Europe and North Africa. We are a New York corporation, incorporated in 1941 as the successor to the New York corporation of the same name organized in

Headquarters
Memphis, TN
Country
United States
Reports in
USD
Listed on
NYSE, OTC
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
NY

Employees, at the top of the page: "As of December 31, 2025, we have approximately 62,602 employees, nearly 30,421 of whom are in the United States" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 27, 2026 (open at SEC), compared with the 10-K filed Feb 21, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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