The full income statement, balance sheet, and cash-flow statement for International Paper Company (IP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 23.6B+49.3% | 15.8B-1.2% | 16.0B-24.2% | 21.2B+9.3% | 19.4B+10.2% | |
| 7.00B+57.7% | 4.44B-1.8% | 4.52B-24.9% | 6.02B+8.8% | 5.53B+5.8% | ||
| Cost of revenue | 16.6B+46.0% | 11.4B-1.0% | 11.5B-24.0% | 15.1B+9.5% | 13.8B+12.1% | |
| Selling, general & administrative | 2.05B+20.4% | 1.70B+35.5% | 1.26B-2.8% | 1.29B-6.6% | 1.39B+2.4% | |
| Restructuring | 626M+507.8% | 103M+58.5% | 65.0M-27.0% | 89.0M-82.5% | 509M+161.0% | |
| Amortization of intangibles | 259M+936.0% | 25.0M+0.0% | 25.0M-43.2% | 44.0M+0.0% | 44.0M-2.2% | |
| Interest expense | 551M+27.5% | 432M+3.3% | 418M+3.7% | 403M-6.3% | 430M-28.0% | |
| Interest & investment income | 179M-17.9% | 218M+16.0% | 188M+141.0% | 78.0M-16.1% | 93.0M-38.4% | |
| Net interest income | -372M-73.8% | -214M+7.0% | -230M+29.2% | -325M+3.6% | -337M+24.4% | |
| Equity-method income | -3.00M+40.0% | -5.00M+76.2% | -21.0M-250.0% | -6.00M-400.0% | 2.00M-93.1% | |
| Gain (loss) on equity securities | — | 0.00 | 0.00-100.0% | 65.0M+303.1% | -32.0M | |
| Pre-tax income | -3.37B-1012.7% | 369M-8.2% | 402M-73.4% | 1.51B+51.3% | 999M+203.6% | |
| Income tax | -533M-47.6% | -361M-630.9% | 68.0M+128.8% | -236M-225.5% | 188M+6.8% | |
| -3.52B-731.2% | 557M+93.4% | 288M-80.9% | 1.50B-14.2% | 1.75B+263.5% | ||
| Income from continuing operations | -2.84B-491.4% | 725M+131.6% | 313M-82.0% | 1.74B+114.7% | 811M+345.6% | |
| Net income to non-controlling interest | — | — | 0.00 | 0.00-100.0% | 2.00M | |
| -$6.95-542.7% | $1.57+91.5% | $0.82-80.0% | $4.10-8.3% | $4.47+266.4% | ||
| EPS (basic) | -$6.95-534.4% | $1.60+92.8% | $0.83-80.0% | $4.14-8.0% | $4.50+265.9% | |
| Weighted-avg shares (basic) | 506M+45.7% | 347M+0.1% | 347M-4.6% | 364M-6.7% | 389M-0.9% | |
| Weighted-avg shares (diluted) | 506M+42.8% | 354M+1.5% | 349M-4.9% | 367M-6.5% | 392M-0.8% | |
| Dividends per share | $1.85+0.0% | $1.85+0.0% | $1.85+0.0% | $1.85-7.5% | $2.00-2.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 10.1B+57.3% | 6.42B-2.8% | 6.61B-2.4% | 6.77B-4.6% | 7.10B-36.8% | ||
| Cash & equivalents | 1.15B+7.8% | 1.06B-4.6% | 1.11B+38.4% | 804M-37.9% | 1.29B+117.6% | |
| Cash & short-term investments | — | 1.17B+5.1% | 1.11B+38.4% | 804M-37.9% | 1.29B+176.7% | |
| Inventory | 2.01B+35.4% | 1.49B-21.3% | 1.89B-2.7% | 1.94B+7.1% | 1.81B+11.6% | |
| Other current assets | 723M+653.1% | 96.0M-15.8% | 114M-9.5% | 126M-4.5% | 132M-6.4% | |
| 38.0B+66.5% | 22.8B-2.0% | 23.3B-2.8% | 23.9B-5.2% | 25.2B-20.4% | ||
| Property, plant & equipment | 14.4B+82.5% | 7.92B-22.0% | 10.2B-2.7% | 10.4B-0.1% | 10.4B-4.6% | |
| Operating lease right-of-use | 697M+73.4% | 402M-10.3% | 448M+5.7% | 424M+16.2% | 365M-5.7% | |
| Goodwill | 5.33B+75.3% | 3.04B-0.1% | 3.04B+0.0% | 3.04B-2.8% | 3.13B+0.5% | |
| Intangible assets | 4.04B+5515.3% | 72.0M-60.7% | 183M-16.8% | 220M-17.9% | 268M-11.0% | |
| Other non-current assets | 514M-20.7% | 648M+53.9% | 421M-15.3% | 497M-15.8% | 590M-6.1% | |
| 7.90B+85.5% | 4.26B+7.6% | 3.96B-20.8% | 5.00B+20.7% | 4.14B-50.0% | ||
| Accounts payable | 3.90B+84.9% | 2.11B-13.6% | 2.44B-9.8% | 2.71B+3.9% | 2.61B+28.1% | |
| Deferred revenue | 18.0M-40.0% | 30.0M-6.3% | 32.0M-15.8% | 38.0M+40.7% | 27.0M+28.6% | |
| Short-term & current debt | 992M+419.4% | 191M+38.4% | 138M-81.9% | 763M+289.3% | 196M+653.8% | |
| Current lease liability | 221M+53.5% | 144M-5.9% | 153M+4.1% | 147M+11.4% | 132M-10.8% | |
| Other current liabilities | 1.67B+78.9% | 933M-5.0% | 982M-16.4% | 1.17B+30.2% | 902M-15.5% | |
| Finance lease liability (current) | 17.0M+88.9% | 9.00M-18.2% | 11.0M+10.0% | 10.0M+0.0% | 10.0M-23.1% | |
| — | 14.6B-1.9% | 14.9B-3.5% | 15.4B-4.4% | 16.2B-32.2% | ||
| Long-term debt | 8.84B+64.8% | 5.36B-1.7% | 5.46B+13.3% | 4.82B-10.5% | 5.38B-33.1% | |
| Non-current lease liability | 486M+80.7% | 269M-13.8% | 312M+10.2% | 283M+19.9% | 236M-7.8% | |
| Operating lease liability (total) | 707M+57.8% | 448M-3.7% | 465M+8.1% | 430M+16.8% | 368M-20.5% | |
| Finance lease liability (total) | 71.0M+65.1% | 43.0M-21.8% | 55.0M-6.8% | 59.0M-10.6% | 66.0M-7.0% | |
| Finance lease liability | 54.0M+74.2% | 31.0M-29.5% | 44.0M-10.2% | 49.0M-12.5% | 56.0M-31.7% | |
| Deferred tax liabilities | 1.90B+84.6% | 1.03B-33.8% | 1.55B-10.4% | 1.73B-33.8% | 2.62B+1.8% | |
| Other non-current liabilities | 1.44B+30.8% | 1.10B+0.5% | 1.09B+1.9% | 1.07B-2.2% | 1.10B+13.5% | |
| 14.8B+81.4% | 8.17B-2.2% | 8.36B-1.7% | 8.50B-6.4% | 9.08B+15.6% | ||
| Common stock | 627M+39.6% | 449M+0.0% | 449M+0.0% | 449M+0.0% | 449M+0.0% | |
| Additional paid-in capital | 14.4B+204.6% | 4.73B+0.0% | 4.73B+0.1% | 4.72B+1.2% | 4.67B-26.2% | |
| Retained earnings | 4.88B-48.0% | 9.39B-1.0% | 9.49B-3.7% | 9.86B+9.1% | 9.03B+11.9% | |
| Treasury stock | 4.57B-2.3% | 4.68B-1.5% | 4.75B+3.1% | 4.61B+35.6% | 3.40B+28.3% | |
| Accumulated other comprehensive income | -528M+69.3% | -1.72B-10.0% | -1.56B+18.7% | -1.93B-15.5% | -1.67B+61.6% | |
| Non-controlling interest | — | — | — | — | 0.00-100.0% | |
| Total equity incl. non-controlling | — | 8.17B-2.2% | 8.36B-1.7% | 8.50B-6.4% | 9.08B+15.4% | |
| Total liabilities & equity | 38.0B+66.5% | 22.8B-2.0% | 23.3B-2.8% | 23.9B-5.2% | 25.2B-20.4% | |
| Common shares issued | 627M+39.7% | 449M | — | — | — | |
| Common shares outstanding | 528M | — | 449M+0.0% | 449M+0.0% | 449M+0.0% | |
| Shares outstanding (cover) | 529M+0.6% | 526M+51.9% | 346M-1.1% | 350M-7.0% | 376M-4.3% | |
| Treasury shares | 99.0M-2.5% | 102M-1.4% | 103M+4.4% | 98.6M+40.1% | 70.4M+26.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.70B+1.2% | 1.68B-8.5% | 1.83B-15.7% | 2.17B+7.1% | 2.03B-33.7% | ||
| Depreciation & amortization | 2.88B+120.8% | 1.30B-8.9% | 1.43B+37.7% | 1.04B-14.0% | 1.21B-6.0% | |
| Intangible amortization | 259M+936.0% | 25.0M+0.0% | 25.0M-43.2% | 44.0M+0.0% | 44.0M-2.2% | |
| Deferred income taxes | -615M-30.0% | -473M-203.2% | -156M+79.8% | -773M-150.2% | -309M-718.0% | |
| Change in inventory | -158M-1216.7% | -12.0M+83.6% | -73.0M-145.1% | 162M-38.4% | 263M+851.4% | |
| -1.02B-26.7% | -808M-21.0% | -668M-9.9% | -608M-110.0% | 6.05B+2350.6% | ||
| Capital expenditure | 1.86B+101.6% | 921M-19.3% | 1.14B+22.6% | 931M+69.6% | 549M-17.2% | |
| Free cash flow | -159M-121.0% | 757M+9.4% | 692M-44.3% | 1.24B-16.1% | 1.48B-38.3% | |
| Acquisitions | — | 0.00 | 0.00 | 0.00-100.0% | 80.0M+23.1% | |
| Proceeds from sale of PP&E | 218M+139.6% | 91.0M+2175.0% | 4.00M-69.2% | 13.0M-87.1% | 101M+1162.5% | |
| Other investing activities | -32.0M-1166.7% | 3.00M+0.0% | 3.00M+200.0% | 1.00M-66.7% | 3.00M+200.0% | |
| -708M+8.6% | -775M+10.5% | -866M+57.8% | -2.05B+72.1% | -7.38B-173.1% | ||
| Long-term debt issued | 409M+301.0% | 102M-87.0% | 783M-22.6% | 1.01B-33.1% | 1.51B+159.3% | |
| Long-term debt repaid | 255M+80.9% | 141M-81.9% | 780M-23.3% | 1.02B-59.5% | 2.51B+10.1% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 65.0M+182.6% | 23.0M-89.4% | 218M-83.0% | 1.28B+53.0% | 839M+1897.6% | |
| Dividends paid | 977M+51.9% | 643M+0.2% | 642M-4.6% | 673M-13.7% | 780M-3.2% | |
| Other financing activities | -1.00M+0.0% | -1.00M+0.0% | -1.00M+66.7% | -3.00M+83.3% | -18.0M-350.0% | |
| FX effect on cash | — | -38.0M-480.0% | 10.0M+433.3% | -3.00M+66.7% | -9.00M-12.5% | |
| Net change in cash | -9.00M-115.8% | 57.0M-81.6% | 309M+162.9% | -491M-170.1% | 700M+733.3% | |
| Interest paid | 550M+25.9% | 437M-4.8% | 459M+20.8% | 380M-19.7% | 473M-30.6% | |
| Income taxes paid | 161M-59.1% | 394M+15.9% | 340M-1.4% | 345M-42.6% | 601M+271.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 20.9B+8.9% | 19.2B+53.2% | 12.5B+1.6% | 12.3B-30.3% | 17.7B-4.5% | |
| P/E | — | 34.4× | — | 6.4×-36.8% | 10.1×-73.7% | |
| P/S | 0.9×-27.1% | 1.2×+88.1% | 0.6×+10.3% | 0.6×-36.1% | 0.9×-13.3% | |
| P/B | 1.4×-40.0% | 2.3×+66.5% | 1.4×+8.5% | 1.3×-33.3% | 1.9×-17.4% | |
| P/FCF | — | 25.3×+91.0% | 13.3×-16.2% | 15.8×+32.4% | 11.9×+54.8% | |
| Earnings yield | — | 2.9% | — | 15.7%+58.1% | 9.9%+280.5% | |
| FCF yield | — | 4.0%-47.6% | 7.5%+19.3% | 6.3%-24.5% | 8.4%-35.4% | |
| Dividend yield | 4.7%+36.6% | 3.4%-32.8% | 5.1%-4.2% | 5.3%+25.5% | 4.3%-2.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: IP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all IP filings on SEC EDGAR → Not investment advice.
