International Paper Co. (IP)

Name: International Paper Co. (IP): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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International Paper Co. (IP) reported revenue of $6.0 billion for Q2 FY2026, the quarter ended 30 June 2026, down 11.3% on the same quarter a year earlier. Net income was -$12 million, and diluted earnings per share $-0.02. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$6.0 billiondown 11.3%

Net income-$12 million

Diluted EPS$-0.02

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE-23.8%

ROCEn/a

Operating marginn/a

Net margin-14.2%

FCF margin2.0%

Interest covern/a

Debt to equity0.57

Cash conversionn/a

Share count, 1 year0.0%

Sales CAGR, 3 years3.8%

Profit CAGR, 3 yearsn/a

EPS, TTM-$6.52

At the close of 21 September 2026

Price$35.33

Market cap$22.2 billion

Stock P/En/a

Price to book1.53

EV / EBITDAn/a

Dividend yield5.2%

Market cap / sales0.92

52-week high$49.19

52-week low$29.38

Price, 1 year-23.9%

Price CAGR, 3 years1.2%

Price CAGR, 5 years-8.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure International Paper Co. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on IP

Filings	17 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 regulation fd disclosure; 1 officer or director change; 1 shareholder vote; 1 acquisition or disposition completed
Planned insider sales	2 Form 144 notices in twelve months, $1.2 million; latest 7 August 2026
Options tape	put/call 0.85 by open interest on 23 September 2026; the straddle prices a 3.5% move to 25 September 2026
Holders	9 of the followed funds hold it; largest Capital Research Global Investors; 10 Schedule 13D or 13G filings in twelve months
Insider trading	3 sales and 5 purchases on Form 4 in twelve months
Congress	3 House trades disclosed in six months
Short interest	44.9 million shares short, 12.84 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026
Revenue	4,613	4,601	4,619	4,734	4,686	3,922	5,901	6,767	6,222	6,006	5,971	6,004
Cost of revenue	3,345	3,282	3,424	3,360	3,342	3,250	4,259	4,876	4,287	n/a	4,244	4,344
Gross profit	1,268	1,319	1,195	1,374	1,344	672	1,642	1,891	1,935	n/a	1,727	1,660
Gross margin	27%	29%	26%	29%	29%	17%	28%	28%	31%	n/a	29%	28%
SG&A	286	357	358	453	508	521	530	578	493	n/a	510	564
Operating income	352	n/a	169	322	237	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating margin	8%	n/a	4%	7%	5%	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	105	110	109	107	106	108	133	143	135	140	132	131
Pre-tax income	232	-326	85.0	206	80.0	113	-135	116	-675	-2,654	93.0	-26.0
Tax rate	17%	n/a	32%	-142%	-89%	-69%	n/a	34%	n/a	n/a	18%	n/a
Net income	165	-284	56.0	498	150	-147	-105	75.0	-1,102	-2,384	60.0	-12.0
Net margin	4%	-6%	1%	11%	3%	-4%	-2%	1%	-18%	-40%	1%	-0%
Diluted EPS	$0.47	-$0.82	$0.16	$1.41	$0.42	-$0.42	-$0.24	$0.14	-$2.09	-$4.52	$0.11	-$0.02
Operating cash flow	468	492	395	365	521	397	-288	476	605	905	611	526
Capital expenditure	228	305	251	198	212	260	330	422	455	650	517	533
Free cash flow	240	187	144	167	309	137	-618	54.0	150	255	94.0	-7.0
Buybacks	0.0	0.0	22.0	0.0	0.0	1.0	62.0	1.0	1.0	1.0	30.0	1.0
Dividends paid	160	160	161	160	161	161	244	244	245	244	245	245
Shares outstanding	449m	449m	449m	449m	449m	449m	627m	627m	627m	627m	627m	627m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019 †	FY2020 †	FY2021	FY2022	FY2023 †	FY2024 †	FY2025	TTM
Revenue	23,617	20,675	19,495	21,743	23,306	18,317	17,565	19,363	21,161	16,033	15,835	23,634	24,203
Cost of revenue	16,254	14,313	14,057	14,802	15,555	12,669	12,339	13,832	15,143	11,512	11,397	16,637	n/a
Gross profit	7,363	6,897	5,927	6,941	7,751	7,108	6,207	5,531	6,018	5,287	5,243	6,997	n/a
Gross margin	31.2%	33.4%	30.4%	31.9%	33.3%	38.8%	35.3%	28.6%	28.4%	33.0%	33.1%	29.6%	n/a
Selling, general and administrative	1,793	1,539	1,458	1,621	1,723	1,449	1,353	1,385	1,293	1,257	1,703	2,050	n/a
Operating income	2,058	2,361	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating margin	8.7%	11.4%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	677	644	695	758	734	701	597	430	403	418	432	551	538
Pre-tax income	872	1,132	795	848	1,781	921	329	999	1,511	402	369	-3,368	-3,262
Income tax	123	417	193	-1,085	445	477	176	188	-236	68.0	-361	-533	n/a
Effective tax rate	14.1%	36.8%	24.3%	-127.9%	25.0%	51.8%	53.5%	18.8%	-15.6%	16.9%	-97.8%	n/a	n/a
Net income	555	938	904	2,144	2,012	1,225	482	1,752	1,504	288	557	-3,516	-3,438
Net margin	2.4%	4.5%	4.6%	9.9%	8.6%	6.7%	2.7%	9.0%	7.1%	1.8%	3.5%	-14.9%	-14.2%
Diluted EPS	$1.29	$2.23	$2.18	$5.13	$4.85	$3.07	$1.22	$4.47	$4.10	$0.82	$1.57	-$6.95	-$6.52
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019 †	FY2020 †	FY2021	FY2022	FY2023 †	FY2024 †	FY2025	TTM
Operating cash flow	3,077	2,580	2,478	1,757	3,226	3,610	3,063	2,030	2,174	1,833	1,678	1,698	2,647
Capital expenditure	1,366	1,310	1,241	1,280	1,572	1,137	663	480	931	1,141	921	1,857	2,155
Free cash flow	1,711	1,270	1,237	477	1,654	2,473	2,400	1,550	1,243	692	757	-159	492
Free cash flow margin	7.2%	6.1%	6.3%	2.2%	7.1%	13.5%	13.7%	8.0%	5.9%	4.3%	4.8%	-0.7%	2.0%
Depreciation and amortisation	1,406	1,167	1,124	1,343	1,328	1,072	1,091	1,097	1,040	1,146	851	2,747	n/a
Buybacks	1,062	605	132	47.0	732	535	42.0	839	1,284	218	23.0	65.0	33.0
Dividends paid	620	685	733	769	789	796	806	780	673	642	643	977	979
Dividend per share	$1.45	$1.64	$1.78	$1.86	$1.93	$2.01	$2.05	$2.00	$1.85	$1.85	$1.85	$1.85	$1.85
Diluted shares, weighted	432m	421m	416m	418m	414m	399m	396m	392m	367m	349m	354m	506m	530m
Shares outstanding at period end	449m	449m	449m	449m	449m	449m	449m	449m	449m	449m	449m	627m	627m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019 †	FY2020 †	FY2021	FY2022	FY2023 †	FY2024 †	FY2025	TTM
Total assets	28,684	30,587	33,093	33,903	33,576	33,471	31,718	25,243	23,940	23,261	22,800	37,964	36,521
Cash and equivalents	1,881	1,050	1,033	1,018	589	511	595	1,295	804	1,113	1,062	1,145	726
Inventory	2,424	2,228	2,233	2,313	2,241	2,208	1,626	1,814	1,942	1,889	1,486	2,012	1,961
Goodwill	3,773	3,335	3,364	3,411	3,374	3,114	3,115	3,130	3,041	3,041	3,038	5,326	5,290
Total debt, as filed	9,373	9,270	11,314	11,157	10,654	9,699	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Long-term debt	8,631	8,844	11,075	10,846	10,015	9,597	8,042	5,383	4,816	5,455	5,368	8,839	n/a
Long-term debt including finance leases	n/a	n/a	n/a	n/a	n/a	9,597	8,042	5,383	4,816	5,455	5,368	8,839	8,215
Borrowings, as the company tags them	n/a	n/a	n/a	n/a	n/a	9,699	7,992	5,497	5,505	5,524	5,499	9,699	n/a
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	304	256	236	283	312	269	486	471
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	88.0	82.0	56.0	49.0	44.0	31.0	54.0	61.0
Shareholders' equity	5,115	3,884	4,341	6,522	7,362	7,713	7,854	9,082	8,497	8,355	8,173	14,827	14,455
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	1.3%	6.1%	3.8%	13.8%
Profit growth, compounded	n/a	n/a	n/a	n/a
Return on equity, average	12.7%	4.7%	-4.5%	-23.7%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	5 August 2026	EDGAR
10-Q	31 March 2026	5 May 2026	EDGAR
10-K	31 December 2025	27 February 2026	EDGAR
10-Q	30 September 2025	6 November 2025	EDGAR
10-Q	30 June 2025	7 August 2025	EDGAR
10-Q	31 March 2025	7 May 2025	EDGAR
10-K	31 December 2024	21 February 2025	EDGAR
10-Q	30 September 2024	1 November 2024	EDGAR
10-Q	30 June 2024	26 July 2024	EDGAR
10-Q	31 March 2024	26 April 2024	EDGAR

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