Reading the tape
NYSE: IP
International Paper Company
Consumer Cyclical · Packaging & Containers
Market Cap
$17.23B
52w High
$56.13
52w Low
$29.45
P/E
-5.30
Volume
2.49M
Outstanding Shares
529.52M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
1Y Price: -31.85%Revenue (TTM): 25.45%P/FCF: 89th pct
What changed
The stock fell 31.85% over the last year. Revenue grew 25.45% over the trailing twelve months. Operating margin moved from 1.58% to -10.46%.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently -10.46%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas.
CEOAndrew K. Silvernail
SectorConsumer Cyclical
IndustryPackaging & Containers
Employees65,000
IPO dateJan 2, 1970
Valuation
Forward P/E—
EV/EBITDA-220.70
Enterprise value$30.46B
Stock splits
Oct 1, 2021↑ Forward
Every 125 shares became 132
Jul 2, 2014↑ Forward
Every 500 shares became 507
Sep 18, 1995↑ Forward
Every 1 shares became 2
May 20, 1987↑ Forward
Every 1 shares became 2
Nov 19, 1962↑ Forward
Every 50 shares became 51
Profitability & growth
Revenue growth1.19%
Gross margin27.83%▲4.86%vs FY2024
Operating margin-10.46%▼543.07%vs FY2024
ROE-23.71%▼447.95%vs FY2024
Analyst consensus
RatingBuy
Target price$46.20▲42.00%
14
Buy
8
Hold
7
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est -$0.04 · Revenue est $6.22B
View
Dividends
$1.85/shareQuarterly3yr growth streakAt RiskIP pays a dividend with a 5.69% dividend yield, 3 consecutive years of growth, covered -0.2× by free cash flow.
Dividend Yield
5.69%
Annual Div / Share
$1.85
5yr CAGR
-0.98%
Dividend has been cut
Payout Ratio
—
At Risk
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
-0.98%
10yr CAGR
+1.77%
Dividend Safety
0/10At Risk
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$1.85+0.0%
2024$1.85+0.0%
2023$1.85+0.0%
2022$1.85-3.6%
2021$1.92-1.2%
2020$1.94+1.9%
2019$1.91+4.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$57/yr
$5/mo
In 5 yrs
$57/yr
$5/mo
In 10 yrs
$57/yr
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$57/yr $5/mo | $57/yr $5/mo | $57/yr $5/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -0.16× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.
Dividend has been reduced
The 5-year dividend CAGR of -0.98% is negative, indicating the payout has been cut over this period.
Congressional Activity
Congress Trades in IP
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhouseDemocratSale2026-04-14$1,001 - $15,000+27d to disclose