International Paper Co
IP—
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International Paper Co AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin TTM of -0.1% vs industry median 7.4% - severely underperforming peers with negative EBIT of -272M[Operating Margin TTM]
- Revenue grew 56% YoY (likely DS Smith acquisition) but net loss of -1.3B TTM signals integration/restructuring drag[Total Revenue 1Y Growth]
- Goodwill of 7.7B is 44% of equity - acquisition-heavy strategy creates impairment risk if synergies disappoint[Goodwill]
Watch Triggers
- Operating Margin TTM: Turns positive and trends toward 5%+ — Validates integration thesis; current -0.1% must flip to justify valuation
- Free Cash Flow TTM: Turns positive while maintaining dividend — Current -277M FCF with 976M dividend payout is unsustainable beyond 12-18 months
- Goodwill: Any impairment charge announced — 7.7B goodwill at risk if DS Smith synergies disappoint; would crater equity
Bull Case
Gross margin of 29% TTM exceeds industry median 21% - underlying business economics are sound, operating losses driven by 373M one-time charges and integration costs that should normalize
Gross Margin TTMTotal Unusual ItemsEBITDA TTM
56% revenue growth positions IP as dominant packaging player; P/S of 0.84x near industry median 0.59x despite 4x revenue scale suggests discount for temporary losses
Total Revenue 1Y GrowthP/S RatioTotal Revenue TTM
Bear Case
FCF of -277M TTM while paying 1.85/share dividend (976M annually) is unsustainable; 10.4B debt at 0.6x D/E with 551M interest expense strains balance sheet
Free Cash Flow TTMDividends Paid Per Share TTMTotal DebtInterest Expense TTM
ROIC of -6.1% TTM vs industry median 3.8% - destroying shareholder value; tangible book only 5.5B vs 20.3B market cap implies premium for unproven synergies
ROIC TTMTangible Book ValueMarket Cap TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Margin recovery to industry median 7% operating margin would generate ~1.7B EBIT vs current -26M
1-3ylow
- DS Smith synergy realization post-integration
- Cost structure normalization after restructuring charges
- Pricing power in consolidated packaging market
Gross margin 29% already above industry median 21%373M unusual items depressing TTM resultsEBITDA positive at 2.5B despite EBIT loss
Valuation Context
Caveats
Public Strategies Rankings
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IP Fundamentals
Manufacturing → Paper Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$18.24B | — | ||
$27.42B | — | ||
0.00 | — | ||
$23.63B | +26.9% | — | |
$-6.95 | — | ||
-0.04% | -2.6% | — | |
-14.9% | -17.9% | — | |
$-159.0M | — | ||
-30.6% | -37.3% | — | |
Beta 5Y (Monthly) | unknown | — |
IP Dividend History
105 dividends
2026
$0.462502/23/26$0.4625
2025
$1.850011/14/25$0.4625
08/15/25$0.4625
05/23/25$0.4625
02/24/25$0.4625
2024
$1.850011/15/24$0.4625
08/15/24$0.4625
05/23/24$0.4625
02/21/24$0.4625
2023
$1.850011/14/23$0.4625
08/14/23$0.4625
05/25/23$0.4625
02/16/23$0.4625
2022
$1.850011/14/22$0.4625
08/12/22$0.4625
05/26/22$0.4625
02/17/22$0.4625
2021
$2.000011/12/21$0.4625
08/13/21$0.5125
05/26/21$0.5125
02/17/21$0.5125
2020
$2.050011/13/20$0.5125
08/13/20$0.5125
05/26/20$0.5125
02/20/20$0.5125
2019
$2.012511/14/19$0.5125
08/14/19$0.5000
05/24/19$0.5000
02/20/19$0.5000
2018
$1.925011/14/18$0.5000
08/14/18$0.4750
05/24/18$0.4750
02/20/18$0.4750
2017
$1.862511/14/17$0.4750
08/11/17$0.4625
05/24/17$0.4625
02/13/17$0.4625
2016
$1.783011/10/16$0.4630
08/11/16$0.4400
05/25/16$0.4400
02/11/16$0.4400
2015
$1.640011/12/15$0.4400
08/12/15$0.4000
05/21/15$0.4000
02/11/15$0.4000
2014
$1.450011/13/14$0.4000
08/13/14$0.3500
05/21/14$0.3500
02/12/14$0.3500
2013
$1.250011/13/13$0.3500
08/13/13$0.3000
05/22/13$0.3000
02/13/13$0.3000
2012
$1.087511/13/12$0.3000
08/13/12$0.2625
05/22/12$0.2625
02/13/12$0.2625
2011
$0.975011/14/11$0.2625
08/11/11$0.2625
05/13/11$0.2625
02/11/11$0.1875
2010
$0.400011/12/10$0.1250
08/12/10$0.1250
05/13/10$0.1250
02/11/10$0.0250
2009
$0.325011/12/09$0.0250
08/13/09$0.0250
05/14/09$0.0250
02/11/09$0.2500
2008
$1.000011/13/08$0.2500
08/14/08$0.2500
05/21/08$0.2500
02/13/08$0.2500
2007
$1.000011/14/07$0.2500
08/13/07$0.2500
05/16/07$0.2500
02/14/07$0.2500
2006
$1.000011/15/06$0.2500
08/16/06$0.2500
05/17/06$0.2500
02/15/06$0.2500
2005
$1.000011/16/05$0.2500
08/17/05$0.2500
05/18/05$0.2500
02/16/05$0.2500
2004
$1.000011/17/04$0.2500
08/18/04$0.2500
05/19/04$0.2500
02/18/04$0.2500
2003
$1.000011/19/03$0.2500
08/19/03$0.2500
05/21/03$0.2500
02/19/03$0.2500
2002
$1.000011/20/02$0.2500
08/21/02$0.2500
05/22/02$0.2500
02/20/02$0.2500
2001
$1.000011/20/01$0.2500
08/22/01$0.2500
05/16/01$0.2500
02/21/01$0.2500
2000
$1.000011/21/00$0.2500
08/16/00$0.2500
05/17/00$0.2500
02/16/00$0.2500
IP Stock Splits
No stock splits
IP SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/27/26 | 12/31/25 | Unknown | |
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/07/25 | 03/31/25 | 10-Q | |
02/21/25 | 12/31/24 | Unknown | |
11/01/24 | 09/30/24 | 10-Q | |
07/26/24 | 06/30/24 | 10-Q | |
04/26/24 | 03/31/24 | 10-Q | |
02/16/24 | 12/31/23 | 10-K | |
10/27/23 | 09/30/23 | 10-Q | |
07/28/23 | 06/30/23 | 10-Q | |
04/28/23 | 03/31/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
10/28/22 | 09/30/22 | 10-Q | |
07/29/22 | 06/30/22 | 10-Q | |
04/29/22 | 03/31/22 | 10-Q | |
02/18/22 | 12/31/21 | 10-K | |
10/28/21 | 09/30/21 | 10-Q | |
07/30/21 | 06/30/21 | 10-Q | |
04/30/21 | 03/31/21 | 10-Q | |
02/19/21 | 12/31/20 | 10-K | |
10/30/20 | 09/30/20 | 10-Q | |
07/31/20 | 06/30/20 | 10-Q | |
05/01/20 | 03/31/20 | 10-Q | |
02/19/20 | 12/31/19 | 10-K | |
11/01/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/03/19 | 03/31/19 | 10-Q | |
02/20/19 | 12/31/18 | 10-K | |
11/02/18 | 09/30/18 | 10-Q | |
08/03/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
02/22/18 | 12/31/17 | 10-K | |
11/03/17 | 09/30/17 | 10-Q | |
08/04/17 | 06/30/17 | 10-Q | |
05/05/17 | 03/31/17 | 10-Q | |
02/22/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/05/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/25/16 | 12/31/15 | 10-K | |
11/05/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/07/15 | 03/31/15 | 10-Q | |
02/26/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/27/14 | 12/31/13 | 10-K | |
11/06/13 | 09/30/13 | 10-Q | |
08/07/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/07/12 | 09/30/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/07/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/07/11 | 09/30/11 | 10-Q | |
08/09/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
11/05/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/06/09 | 09/30/09 | 10-Q | |
08/05/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/31/09 | 10-Q | |
02/26/09 | 12/31/08 | 10-K | |
11/07/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/31/08 | 10-Q | |
02/29/08 | 12/31/07 | 10-K | |
11/07/07 | 09/30/07 | 10-Q | |
08/08/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/31/07 | 10-Q | |
02/28/07 | 12/31/06 | 10-K | |
11/08/06 | 09/30/06 | 10-Q | |
08/07/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/31/06 | 10-Q | |
03/06/06 | 12/31/05 | 10-K | |
11/08/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 10-Q | |
05/06/05 | 03/31/05 | 10-Q | |
03/10/05 | 12/31/04 | 10-K | |
11/09/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/06/04 | 03/31/04 | 10-Q | |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/14/03 | 06/30/03 | 10-Q | |
05/14/03 | 03/31/03 | 10-Q | |
02/28/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 10-Q | |
08/13/02 | 06/30/02 | 10-Q | |
05/08/02 | 03/31/02 | 10-Q | |
03/18/02 | 12/31/01 | 10-K | |
11/14/01 | 09/30/01 | 10-Q | |
08/13/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/31/01 | 10-Q | |
03/26/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/12/00 | 03/31/00 | 10-Q |