US · USD

IP

International Paper

$32.05+0.25% ($0.08)Updated 10/5/26, 5:07 PM

Day's range: $31.11 – $32.29
Day's volume: $213.9M
52-week range: $28.62 – $47.45

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IP in numbers

Market cap: $17B

P/E: -4.94

P/B: 1.17

Dividend yield (12m): 5.78%

The 12-month dividend yield of IP is 5.78%, above its 5-year average of 4.94%.

IP price history

10/06/202510/05/2026

Compare with

IP risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-15.84%	-2.33%	-12.65%
Volatility (annualized)	36.30%	34.40%	34.16%
Largest drawdown	-30.15%	-45.65%	-45.65%
Positive months	6/12	18/36	31/60

How much did investing in IP return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $873.55 today.

Value today in IP: $873.55

Return over the period: -12.65%

Return per year: -2.71%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

IP fundamentals

Valuation

P/E
-4.94
P/B
1.17
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
0.70
P/EBIT
—
P/S
0.70
P/OCF
6.41
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
-$6.49
Book value per share
$27.30

Debt

Net debt
—
Net debt/EBITDA
—
Net debt/Equity
—
Debt/Equity
—
Current ratio
1.10
Quick ratio
0.84
Cash ratio
0.10

Efficiency

Gross margin
29.77%
EBITDA margin
—
Operating margin
—
Net margin
-14.20%
Asset turnover
0.66

Profitability

ROE
-23.78%
ROA
-9.41%
ROIC
—
Payout
—

Growth

Revenue CAGR (5 years)
5.04%
Earnings CAGR (5 years)
—
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is IP's fair price?

Two classic value formulas, with today's numbers. The current price is $32.05.

Graham's fair price: —; Does not apply to IP: the formula needs positive earnings and book value.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $34.25; 6.86% above the price

$2.05 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

IP's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	-5.93	50.84	43.47	8.06	10.09	40.55	14.74	8.03
P/B	1.41	3.46	1.50	1.43	1.95	2.49	2.34	2.19
Dividend yield	4.70%	3.44%	5.12%	5.35%	6.10%	4.13%	4.37%	4.77%
Earnings per share	-$6.64	$1.06	$0.83	$4.30	$4.66	$1.23	$3.12	$5.03
Book value per share	$28.00	$15.53	$24.12	$24.27	$24.13	$19.98	$19.67	$18.39
ROE	-23.71%	6.82%	3.45%	17.70%	19.29%	6.14%	15.88%	27.33%
Gross margin	29.61%	28.03%	28.20%	28.44%	28.56%	29.75%	30.83%	33.26%
Net margin	-14.88%	3.52%	1.80%	7.11%	9.05%	2.74%	6.69%	8.63%

IP's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$23.6B	$15.8B	$16B	$21.2B	$19.4B	$17.6B
Cost of revenue	-$16.6B	-$11.4B	-$11.5B	-$15.1B	-$13.8B	-$12.3B
Gross profit	$7B	$4.4B	$4.5B	$6B	$5.5B	$5.2B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	-$7M
Income before tax	-$3.4B	$369M	$402M	$1.5B	$999M	$329M
Income tax	$533M	$361M	-$68M	$236M	-$188M	-$176M
Net income	-$3.5B	$557M	$288M	$1.5B	$1.8B	$482M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does IP pay dividends?

Dividend yield per year

3.22%2017
4.77%2018
4.37%2019
4.13%2020
6.10%2021
5.35%2022
5.12%2023
3.44%2024
4.70%2025
4.33%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/13/2026	09/15/2026	$0.46
Dividend	05/21/2026	06/12/2026	$0.46
Dividend	02/20/2026	03/17/2026	$0.46
Dividend	11/13/2025	12/16/2025	$0.46
Dividend	08/14/2025	09/16/2025	$0.46
Dividend	05/22/2025	06/13/2025	$0.46
Dividend	02/21/2025	03/17/2025	$0.46
Dividend	11/14/2024	12/16/2024	$0.46
Dividend	08/14/2024	09/16/2024	$0.46
Dividend	05/22/2024	06/14/2024	$0.46
Dividend	02/20/2024	03/15/2024	$0.46
Dividend	11/13/2023	12/15/2023	$0.46

See all 41 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/11/2023	09/15/2023	$0.46
Dividend	05/24/2023	06/15/2023	$0.46
Dividend	02/15/2023	03/15/2023	$0.46
Dividend	11/11/2022	12/15/2022	$0.46
Dividend	08/11/2022	09/15/2022	$0.46
Dividend	05/25/2022	06/15/2022	$0.46
Dividend	02/16/2022	03/15/2022	$0.46
Dividend	11/11/2021	12/15/2021	$0.46
Dividend	09/30/2021	10/01/2021	$0.95
Dividend	08/12/2021	09/15/2021	$0.49
Dividend	05/25/2021	06/15/2021	$0.49
Dividend	02/16/2021	03/15/2021	$0.49
Dividend	11/12/2020	12/15/2020	$0.49
Dividend	08/12/2020	09/15/2020	$0.49
Dividend	05/25/2020	06/15/2020	$0.49
Dividend	02/19/2020	03/16/2020	$0.49
Dividend	11/13/2019	12/16/2019	$0.49
Dividend	08/13/2019	09/16/2019	$0.47
Dividend	05/23/2019	06/14/2019	$0.47
Dividend	02/19/2019	03/15/2019	$0.47
Dividend	11/13/2018	12/14/2018	$0.47
Dividend	08/13/2018	09/17/2018	$0.45
Dividend	05/23/2018	06/15/2018	$0.45
Dividend	02/19/2018	03/15/2018	$0.45
Dividend	11/13/2017	12/15/2017	$0.45
Dividend	08/10/2017	09/15/2017	$0.44
Dividend	05/23/2017	06/15/2017	$0.44
Dividend	02/10/2017	03/15/2017	$0.44
Dividend	11/09/2016	12/15/2016	$0.44

About International Paper

Sector: Manufacturing

Questions about IP

How much is IP today?

IP is at $32.05 (0.25% on the day), last traded on 10/05/2026.

How much did IP pay in dividends in 2025?

IP paid $1.85 per share in 2025, a dividend yield of 4.70%.

What are the P/E and P/B of IP?

IP trades at a P/E of -4.94 and a P/B of 1.17.

How much did IP return in 12 months?

IP returned -15.84% in 12 months, with annualized volatility of 36.30% and a largest drawdown of -30.15%.