INTERNATIONAL PAPER COMPANY
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.63B | $15.84B | $16.03B | $21.16B | $19.36B | $17.57B | $18.32B | $23.31B |
| Cost of Revenue | $16.64B | $11.40B | $11.51B | $15.14B | $13.83B | $12.34B | $12.67B | $15.56B |
| Gross Profit | $7.00B | $4.44B | $4.52B | $6.02B | $5.53B | $5.23B | $5.65B | $7.75B |
| Gross Margin | 29.6% | 28.0% | 28.2% | 28.4% | 28.6% | 29.8% | 30.8% | 33.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.05B | $1.70B | $1.26B | $1.29B | $1.39B | $1.35B | $1.45B | $1.72B |
| Operating Income | $-2.82B | $801.0M | $820.0M | $1.91B | $1.43B | $926.0M | $1.62B | $2.52B |
| Operating Margin | -11.9% | 5.1% | 5.1% | 9.0% | 7.4% | 5.3% | 8.9% | 10.8% |
| Interest Expense | $551.0M | $432.0M | $418.0M | $403.0M | $430.0M | $597.0M | $701.0M | $734.0M |
| Pretax Income | $-3.37B | $369.0M | $402.0M | $1.51B | $999.0M | $329.0M | $921.0M | $1.78B |
| Income Tax Expense | $-533.0M | $-361.0M | $68.0M | $-236.0M | $188.0M | $176.0M | $477.0M | $445.0M |
| Net Income | $-3.52B | $557.0M | $288.0M | $1.50B | $1.75B | $482.0M | $1.23B | $2.01B |
| Net Margin | -14.9% | 3.5% | 1.8% | 7.1% | 9.0% | 2.7% | 6.7% | 8.6% |
| EPS (Basic) | $-6.95 | $1.60 | $0.83 | $4.14 | $4.50 | $1.23 | $3.10 | $4.91 |
| EPS (Diluted) | $-6.95 | $1.57 | $0.82 | $4.10 | $4.47 | $1.22 | $3.07 | $4.85 |
| Shares Outstanding (Basic) | 505.7M | 347.2M | 346.9M | 363.5M | 389.4M | 393.0M | 395.3M | 409.1M |
| Shares Outstanding (Diluted) | 505.7M | 354.2M | 349.1M | 367.0M | 392.4M | 395.7M | 398.8M | 414.2M |
| Dividends Per Share | $1.85 | $1.85 | $1.85 | $1.85 | $2.00 | $2.05 | $2.01 | $1.93 |