IP
International Paper Company
IP lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
IP Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Stable | |
| Weak |
IP's cash flow is currently stable, but its revenue, profitability and balance sheet are under pressure.
IP PE Valuation
IP has no meaningful PE right now: it lost money over the past year.
IP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for IP, with profitability improving. However, they disagree widely on these estimates.
IP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.18 | — |
| Q3 2026 | -$6.56 | -$3.95 |
| Q2 2026 | -$6.52 | -$6.42 |
| Q1 2026 | -$6.36 | -644% |
| Q4 2025 | -$6.71 | -527% |
| Q3 2025 | -$2.61 | -323% |
| Q2 2025 | -$0.10 | -108% |
| Q1 2025 | $1.17 | +139% |
| Q4 2024 | $1.57 | +91% |
IP lost $6.56 per share over the past year, a bigger loss than the year before.
IP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.2B | -0.4% |
| Q2 2026 | $6B | -11% |
| Q1 2026 | $6B | +1.2% |
| Q4 2025 | $6B | +31% |
| Q3 2025 | $6.2B | +33% |
| Q2 2025 | $6.8B | +43% |
| Q1 2025 | $5.9B | +28% |
| Q4 2024 | $4.6B | -0.5% |
IP's revenue has held roughly level: $6.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -19% | -8.4 points |
| Q2 2026 | -0.4% | -2.1 points |
| Q1 2026 | 1.6% | +3.9 points |
| Q4 2025 | -44% | -39 points |
| Q3 2025 | -11% | -16 points |
| Q2 2025 | 1.7% | -5.1 points |
| Q1 2025 | -2.3% | -6 points |
| Q4 2024 | -4.9% | +2.2 points |
IP's operating margin was −19% last quarter, down 8.4 points from the same quarter a year ago, near the bottom of its range since 2019.
IP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$267M | -278% |
| Q2 2026 | -$7M | -113% |
| Q1 2026 | $94M | +$712M |
| Q4 2025 | $255M | +86% |
| Q3 2025 | $150M | -51% |
| Q2 2025 | $54M | -68% |
| Q1 2025 | -$618M | -529% |
| Q4 2024 | $137M | -27% |
IP's free cash flow is usually positive and has bounced back after one negative quarter: $75M over the past year, against −$277M the year before.
IP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +100K shares |
| 1 year | +0.3% | +1.6M shares |
| 3 years | +53% | +183M shares |
| 5 years | +26% | +111M shares |
| Available history | +26% | +108M shares |
IP has 530M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1M |
| Q1 2026 | $30M |
| Q4 2025 | $1M |
| Q3 2025 | $1M |
| Q2 2025 | $1M |
| Q1 2025 | $62M |
| Q4 2024 | $1M |
IP spent $32M buying back its own shares over the past year, down 51% from the year before.
IP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 5.2x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 4.7x | High |
| Q4 2024 | 2.4x | Moderate |
| Q3 2024 | 2.3x | Moderate |
| Q2 2024 | 2.3x | Moderate |
| Q1 2024 | 2.3x | Moderate |
| Q4 2023 | 2.1x | Moderate |
IP's net debt is about 5.2 years of its operating earnings (EBITDA), up from 2.3 years a year ago.
IP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.4 | Neutral |
| Stochastic | 31.0 | Neutral |
IP's weekly RSI is 44 (neutral) and its Stochastic is 31 (neutral).
IP PE vs Consumer Cyclical Sector
| Metric | IP | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
IP has no meaningful PE right now: it lost money over the past year.
IP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.9 | 0.1% above |
| 20 week MA | $36.9 | 8% below |
| 50 week MA | $37.6 | 9.8% below |
| 100 week MA | $43.3 | 22% below |
| 200 week MA | $41.3 | 18% below |
IP has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 18% below its 200-week average.
IP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.5 | $47.1 | +8.4% |
| 2021 | $47.1 | $45.8 | -2.7% |
| 2022 | $45.8 | $34.7 | -24% |
| 2023 | $34.7 | $36.2 | +4.1% |
| 2024 | $36.2 | $54.5 | +51% |
| 2025 | $54.5 | $39.9 | -27% |
| 2026 YTD | $39.9 | $33.9 | -15% |
IP has finished lower in three of the last six years. It's down 15% so far in 2026.