International Paper Company (IP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.97B | 6.01B | 6.22B | 6.77B | 5.9B | 4.58B | 4.69B | 4.73B | 4.62B | 4.6B | 4.61B | 4.68B | 5.02B | 5.13B | 5.4B | 5.39B | 5.24B | 2.67B | 4.91B | 4.77B |
| Revenue Growth % | 1.19% | 31.14% | 32.78% | 42.94% | 27.75% | -0.46% | 1.58% | 1.11% | -7.99% | -10.36% | -14.61% | -13.12% | -4.14% | 92.25% | 9.93% | 12.98% | 14.02% | -49.04% | -4.08% | -1.97% |
| Cost of Goods Sold | 4.73B | 4.12B | 4.29B | 4.88B | 4.26B | 3.25B | 3.34B | 3.36B | 3.42B | 3.97B | 3.6B | 3.6B | 3.88B | 3.67B | 3.83B | 3.81B | 3.84B | 2.15B | 3.42B | 3.4B |
| COGS % of Revenue | 79.27% | 68.65% | 68.9% | 72.06% | 72.17% | 70.96% | 71.32% | 70.98% | 74.13% | 86.31% | 78.11% | 76.98% | 77.35% | 71.46% | 70.9% | 70.63% | 73.31% | 80.45% | 69.66% | 71.32% |
| Gross Profit | 1.24B | 1.88B | 1.94B | 1.89B | 1.64B | 1.33B | 1.34B | 1.37B | 1.2B | 630M | 1.01B | 1.08B | 1.14B | 1.47B | 1.57B | 1.58B | 1.4B | 522M | 1.49B | 1.37B |
| Gross Margin % | 20.73% | 31.35% | 31.1% | 27.94% | 27.83% | 29.04% | 28.68% | 29.02% | 25.87% | 13.69% | 21.89% | 23.02% | 22.65% | 28.54% | 29.1% | 29.37% | 26.69% | 19.55% | 30.34% | 28.68% |
| Gross Profit Growth % | -24.6% | 41.58% | 43.97% | 37.63% | 37.41% | 111.11% | 33.07% | 27.46% | 5.1% | -57% | -35.75% | -31.9% | -18.67% | 180.65% | 5.43% | 15.72% | 12.29% | -66.96% | 17.68% | 20.42% |
| Operating Expenses | 1.06B | 4.45B | 2.36B | 1.69B | 1.68B | 1.4B | 1.17B | 1.13B | 1.07B | 369M | 707M | 752M | 839M | 1.05B | 1.11B | 1.04B | 1.06B | 474M | 1.02B | 1.05B |
| OpEx % of Revenue | 17.82% | 74.06% | 37.95% | 24.9% | 28.42% | 30.61% | 24.95% | 23.83% | 23.12% | 8.02% | 15.33% | 16.06% | 16.71% | 20.46% | 20.49% | 19.39% | 20.28% | 17.75% | 20.82% | 21.93% |
| Selling, General & Admin | 1.02B | 1.09B | 1.02B | 1.16B | 1.01B | 869M | 865M | 832M | 749M | 330M | 668M | 712M | 803M | 761M | 808M | 742M | 765M | 302M | 708M | 738M |
| SG&A % of Revenue | 17.13% | 18.12% | 16.35% | 17.08% | 17.17% | 18.97% | 18.46% | 17.57% | 16.22% | 7.17% | 14.48% | 15.21% | 16% | 14.83% | 14.96% | 13.77% | 14.61% | 11.31% | 14.41% | 15.47% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 174M | -2.56B | -426M | 206M | -35M | -72M | 175M | 246M | 127M | 261M | 303M | 326M | 298M | 415M | 465M | 538M | 336M | 48M | 468M | 322M |
| Operating Margin % | 2.91% | -42.71% | -6.85% | 3.04% | -0.59% | -1.57% | 3.73% | 5.2% | 2.75% | 5.67% | 6.57% | 6.96% | 5.94% | 8.08% | 8.61% | 9.98% | 6.42% | 1.8% | 9.52% | 6.75% |
| Operating Income Growth % | 597.14% | -3462.5% | -343.43% | -16.26% | -127.56% | -127.59% | -42.24% | -24.54% | -57.38% | -37.11% | -34.84% | -39.41% | -11.31% | 764.58% | -0.64% | 67.08% | 10.16% | -87.82% | -3.7% | -19.1% |
| EBITDA | 663M | -1.87B | 673M | 686M | 536M | 427M | 442M | 507M | 405M | 957M | 561M | 570M | 539M | 666M | 726M | 805M | 597M | 325M | 786M | 628M |
| EBITDA Margin % | 11.1% | -31.1% | 10.82% | 10.14% | 9.08% | 9.32% | 9.43% | 10.71% | 8.77% | 20.8% | 12.16% | 12.17% | 10.74% | 12.97% | 13.44% | 14.94% | 11.4% | 12.17% | 16% | 13.17% |
| EBITDA Growth % | 23.69% | -537.47% | 52.26% | 35.31% | 32.35% | -55.38% | -21.21% | -11.05% | -24.86% | 43.69% | -22.73% | -29.19% | -9.72% | 104.92% | -7.63% | 28.18% | -2.77% | -55.23% | -2.48% | -11.55% |
| D&A (Non-Cash Add-back) | 489M | 697M | 1.1B | 480M | 571M | 499M | 267M | 261M | 278M | 696M | 258M | 244M | 241M | 251M | 261M | 267M | 261M | 277M | 318M | 306M |
| EBIT | 174M | -2.56B | -675M | 259M | -2M | -116M | 186M | 313M | 194M | -216M | 337M | 358M | 324M | 415M | 463M | 597M | 439M | -676M | 501M | 369M |
| Net Interest Income | -76M | -95M | 87M | -107M | -81M | -56M | -51M | -55M | -46M | -52M | -58M | -59M | -62M | -59M | -123M | -74M | -69M | -75M | -82M | -86M |
| Interest Income | 0 | 0 | 88M | 36M | 52M | 52M | 55M | 52M | 63M | 58M | 47M | 44M | 41M | 34M | 27M | 9M | 8M | 0 | 22M | 31M |
| Interest Expense | 76M | 95M | 1M | 143M | 133M | 108M | 106M | 107M | 109M | 110M | 105M | 103M | 103M | 93M | 150M | 83M | 77M | 75M | 104M | 117M |
| Other Income/Expense | -81M | -89M | -250M | -91M | -101M | -153M | -96M | -41M | -44M | -606M | -72M | -71M | -78M | -348M | -153M | -26M | 26M | -730M | 23M | 34M |
| Pretax Income | 93M | -2.65B | -676M | 115M | -136M | -225M | 79M | 205M | 83M | -345M | 231M | 255M | 220M | 67M | 312M | 512M | 362M | -682M | 491M | 356M |
| Pretax Margin % | 1.56% | -44.19% | -10.86% | 1.7% | -2.3% | -4.91% | 1.69% | 4.33% | 1.8% | -7.5% | 5.01% | 5.45% | 4.38% | 1.31% | 5.78% | 9.5% | 6.91% | -25.54% | 9.99% | 7.46% |
| Income Tax | 17M | -291M | -250M | 40M | -31M | -78M | -71M | -293M | 27M | -61M | 39M | 33M | 48M | 148M | -575M | 96M | 95M | -159M | 59M | 46M |
| Effective Tax Rate % | 18.28% | 10.96% | 36.98% | 34.78% | 22.79% | 34.67% | -89.87% | -142.93% | 32.53% | 17.68% | 16.88% | 12.94% | 21.82% | 220.9% | -184.29% | 18.75% | 26.24% | 23.31% | 12.02% | 12.92% |
| Net Income | 60M | -2.38B | -1.1B | 75M | -105M | -147M | 150M | 498M | 56M | -284M | 192M | 222M | 172M | -318M | 951M | 511M | 360M | 107M | 864M | 432M |
| Net Margin % | 1% | -39.69% | -17.71% | 1.11% | -1.78% | -3.21% | 3.2% | 10.52% | 1.21% | -6.17% | 4.16% | 4.74% | 3.43% | -6.2% | 17.6% | 9.48% | 6.87% | 4.01% | 17.58% | 9.06% |
| Net Income Growth % | 157.14% | -1521.77% | -834.67% | -84.94% | -287.5% | 48.24% | -21.88% | 124.32% | -67.44% | 10.69% | -79.81% | -56.56% | -52.22% | -397.2% | 10.07% | 18.29% | 3.15% | -30.07% | 323.53% | 62.41% |
| Net Income (Continuing) | 76M | -2.36B | -426M | 75M | -105M | -147M | 150M | 498M | 56M | -284M | 192M | 222M | 172M | -81M | 887M | 416M | 267M | -523M | 432M | 310M |
| Discontinued Operations | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 2M |
| EPS (Diluted) | 0.11 | -4.52 | -2.09 | 0.14 | -0.24 | -0.42 | 0.42 | 1.41 | 0.16 | -0.82 | 0.55 | 0.64 | 0.49 | 0.49 | 2.64 | 1.38 | 0.70 | 0.28 | 2.20 | 1.09 |
| EPS Growth % | 145.83% | -976.19% | -597.62% | -90.07% | -250% | 48.78% | -23.64% | 120.31% | -67.35% | -267.35% | -79.17% | -53.62% | -30% | 75% | 20% | 26.61% | -20.45% | -28.21% | 323.08% | 60.29% |
| EPS (Basic) | 0.11 | -4.52 | -2.09 | 0.14 | -0.24 | -0.42 | 0.43 | 1.43 | 0.16 | -0.82 | 0.47 | 0.68 | 0.49 | -0.90 | 2.66 | 1.39 | 0.96 | 0.28 | 2.23 | 1.10 |
| Diluted Shares Outstanding | 531.8M | 528M | 528M | 532.6M | 437.6M | 347.4M | 353.4M | 352.8M | 348.5M | 346.34M | 348.1M | 346.5M | 353.3M | 353.7M | 360.4M | 370.7M | 379.2M | 387.1M | 392.6M | 396.8M |
| Basic Shares Outstanding | 545.46M | 528M | 528M | 527.9M | 437.6M | 350M | 347.4M | 347.3M | 346.7M | 346.34M | 351.06M | 345.59M | 351.02M | 353.33M | 357.52M | 367.63M | 375M | 382.14M | 387.2M | 392.73M |
| Dividend Payout Ratio | - | - | - | 325.33% | - | - | 107.33% | 32.13% | 287.5% | - | 83.33% | 72.07% | 94.19% | - | 17.35% | 33.27% | 48.33% | 166.36% | 23.03% | 46.53% |