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Companies / Materials / International Paper
IP

International Paper

MaterialsPaper & PackagingS&P 500
Ticker IPMEMPHIS, TNFiscal year ends DecemberBook value per share $27.18Diluted shares 531.8M

International Paper Company is a global leader in sustainable packaging solutions, operating manufacturing facilities across North America, Latin America, Europe, and North Africa. The company's website is www.internationalpaper.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$23.63B
+26.9% year over year
Last 12 mo $22.94B
-13.08%
−14.8 percentage points
Last 12 mo -12.74%
$-3.52B
−731.2% year over year
Last 12 mo $-3.44B
-6.15%
−13 percentage points
Last 12 mo -23.78%
Cash & financing
$1.70B
+1.2% year over year
Last 12 mo $2.65B
$-159.00M
−121.0% year over year
Last 12 mo $492.00M
0.66
Was 0.68× a year earlier
Last 12 mo 0.64
505.7M
+42.8% year over year
Last 12 mo 531.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What International Paper does

In the company’s own words

International Paper Company is a global leader in sustainable packaging solutions, operating manufacturing facilities across North America, Latin America, Europe, and North Africa. The company's website is www.internationalpaper.com.

The company produces renewable fiber-based packaging products designed to protect, ship, and display goods across diverse end-use categories. International Paper's principal products include containerboard and corrugated packaging solutions, with a portfolio encompassing linerboard, medium, whitetop, and saturating kraft that serve as base materials for corrugated boxes, bulk bins, shipping containers, and specialty packaging. These products primarily serve industrial consumer goods and e-commerce markets, with customers across food and beverage, agriculture, industrial manufacturing, personal care, pharmaceuticals, and consumer goods sectors.

International Paper operates through two reportable segments: Packaging Solutions North America and Packaging Solutions EMEA. As of December 31, 2025, the company employed approximately 62,602 employees globally, with nearly 30,421 in the United States. The company's operational footprint includes 15 packaging mills and 159 converting and packaging plants in the United States, along with 14 containerboard mills and 159 converting and packaging plants across Europe, North Africa, and Latin America. The company also operates 15 recycling plants domestically and 20 recycling plants internationally.

In 2025, International Paper generated net sales of $23.63 billion and provided $1.7 billion in cash from operating activities. The company completed a significant acquisition of DS Smith Ltd., which substantially expanded its EMEA operations and scale. Subsequently, International Paper divested its Global Cellulose Fibers business to American Industrial Partners for $1.5 billion in January 2026.

The company follows the IP 80/20 performance system, a disciplined operating model focused on simplification, segmentation, resourcing, and growth. A transformational strategic initiative announced in January 2026 involves separating the company into two independent, publicly traded entities serving North America and EMEA markets respectively, targeted for completion near the end of 2026 or early 2027. International Paper returned $977 million to shareholders through dividends in 2025 and invested approximately $1.9 billion in capital expenditures during the year.

Company details
Sector
Materials
Industry (SIC)
Paper & Packaging
Headquarters
MEMPHIS, TN
Fiscal year end
December
CIK
51434
SIC
2621

Financial performance, year by year

Fiscal 2013–2025 · USD
$-6.78B$3.00B$12.78B$22.56B$32.34B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns International Paper — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

675
funds hold it
0 of 35
superinvestors hold it
$10.47B
held by funds, at market
56.2%
of shares held by funds

Largest fund holders · International Paper’s weight in each

—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
1.74%of fund net assets
0.30%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do International Paper and its peers compare on margins and cash generation over ten years?”
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  • “What changed in International Paper's last four quarterly filings that the numbers alone won't show?”
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