International Paper Co.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2019 | 30.8% | 8.9% | 6.7% |
| FY2020 | 29.8% | 5.3% | 2.7% |
| FY2021 | 28.6% | 7.4% | 9.0% |
| FY2022 | 28.4% | 9.0% | 7.1% |
| FY2023 | 28.2% | 5.1% | 1.8% |
You never know who's swimming naked until the tide goes out.