IP
International Paper Company
IP's outlook is improving, though it still trails on the overall score.
NKE
NIKE, Inc.
NKE has the edge over IP overall, supported by stronger valuation and stronger fundamentals.
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.
NKE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
NKE's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
IP PE Valuation
IP has no meaningful PE right now: it lost money over the past year.
NKE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $37.76 | — |
| Cheap | 23x | $47.70 | +26% |
| Forward | 30x | $37.76 | — |
| Fair | 33x | $68.16 | +80% |
| Expensive | 47x | $97.86 | +159% |
Historical ranges are pointers, not guarantees.
NKE's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 30x, in its fair range.
IP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
IP has the edge over NKE on the outlook, with more favorable earnings and revenue expectations.
NKE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Low |
Analysts expect NKE's profitability to improve, but its revenue to decline. 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.
NKE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | -39% |
| Q3 2026 | $2.09 | +7.2% |
| Q2 2026 | $2.10 | -2.8% |
| Q1 2026 | $1.51 | -50% |
| Q4 2025 | $1.70 | -48% |
| Q3 2025 | $1.95 | -44% |
| Q2 2025 | $2.16 | -42% |
| Q1 2025 | $3.01 | -11% |
| Q4 2024 | $3.24 | -5.3% |
NKE has the edge over IP on earnings quality, reporting a profit while its opponent remains loss making.
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 has the edge over NKE on sales, with more consistent year-over-year improvement.
| 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.
NKE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2B | -4.3% |
| Q2 2026 | $11B | -1.1% |
| Q1 2026 | $11.3B | +0.1% |
| Q4 2025 | $12.4B | +0.6% |
| Q3 2025 | $11.7B | +1.1% |
| Q2 2025 | $11.1B | -12% |
| Q1 2025 | $11.3B | -9.3% |
| Q4 2024 | $12.4B | -7.7% |
NKE's revenue fell from its 2023 peak and has held roughly level since: $11.2B last quarter, down 4.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +0.3 points |
| Q2 2026 | 12% | +9.2 points |
| Q1 2026 | 5.8% | -1.7 points |
| Q4 2025 | 8% | -3.4 points |
| Q3 2025 | 7.9% | -3.4 points |
| Q2 2025 | 2.9% | -11 points |
| Q1 2025 | 7.5% | -3.8 points |
| Q4 2024 | 11% | -2.9 points |
NKE has the edge over IP on profitability, with a higher operating margin.
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 has the edge over NKE on cash flow, with more consistent year-over-year improvement.
NKE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64M | -527% |
| Q2 2026 | $1.5B | +313% |
| Q1 2026 | $284M | -83% |
| Q4 2025 | $386M | -58% |
| Q3 2025 | $15M | -95% |
| Q2 2025 | $363M | -85% |
| Q1 2025 | $1.7B | -11% |
| Q4 2024 | $920M | -65% |
NKE usually generates cash, though not every quarter: the latest was −$64M, but it generated $2.1B over the past year.
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.
NKE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.2M shares |
| 1 year | +0.4% | +5.2M shares |
| 3 years | -3.8% | -59.1M shares |
| 5 years | -8.4% | -135M shares |
| Available history | -6.9% | -110M shares |
NKE has 1.5B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $20M |
| Q3 2025 | $126M |
| Q2 2025 | $199M |
| Q1 2025 | $506M |
| Q4 2024 | $1.1B |
NKE has spent almost nothing on buybacks in the past year.
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.
NKE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | 0.1x | Very low |
NKE's net debt is less than a year of its operating earnings (EBITDA).
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).
NKE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 57.5 | Neutral |
NKE's weekly RSI is 40 (neutral) and its Stochastic is 58 (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.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
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.
NKE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.7 | 2.8% above |
| 20 week MA | $39.2 | 3.6% below |
| 50 week MA | $48.0 | 21% below |
| 100 week MA | $58.4 | 35% below |
| 200 week MA | $79.2 | 52% below |
NKE has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 52% 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 the edge over NKE on returns for 2026, with the stronger performance.
NKE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.6 | $141.6 | +39% |
| 2021 | $141.6 | $165.7 | +17% |
| 2022 | $165.7 | $116.3 | -30% |
| 2023 | $116.3 | $108.6 | -6.6% |
| 2024 | $108.6 | $76.4 | -30% |
| 2025 | $76.4 | $60.9 | -20% |
| 2026 YTD | $60.9 | $37.8 | -38% |
NKE has finished four years in a row lower, and it's down 38% so far in 2026.