# International Paper Co. (IP) — Stock CV

International Paper Co. is a $17.0B materials company. Revenue grew 4.6% over the last year, it currently loses money, and its net debt equals ~17.7 years of free cash flow.

> International Paper manufactures packaging products. It accounts for roughly one-third of the North American corrugated packaging market.

## Identity

- **Ticker**: IP
- **Sector**: Basic Materials
- **Industry**: Paper Mills
- **Headquarters**: MEMPHIS, TN
- **Employees**: 62 602
- **Website**: https://www.internationalpaper.com
- **Market cap**: $17.0B
- **Last price**: $32.12
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $22.9B
- **Net income**: -$3.44B
- **Free cash flow**: $492M
- **Net debt**: $8.69B
- **P/E**: 6.9
- **Revenue growth (YoY)**: 4.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 50 |
| Growth | 12 |
| Profitability | 0 |
| Health | 24 |
| Quality | 47 |
| Moat | 37 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [x] Revenue growing — +4.6% YoY
- [ ] Profitable — -$3.44B TTM
- [ ] Profit growing — -731.2% YoY
- [x] Generates cash — $492M TTM
- [ ] Debt under control — ~17.7y of cash flow to repay
- [x] Established company — $17.0B market cap
- [ ] Not printing shares — +26.8% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 12/100
- [x] Pays a dividend — yield 5.76%
- [x] Valuation not extreme — P/E 6.9

## Experience (career milestones)

- **2023** — Paper acquired career and college readiness platform MajorClarity and AI-based reading software provider…
- **2022** — Paper acquired Figure Math
- **FY2017** — Best year on record: $2.14B net income
- **FY2016** — First recorded profitable year: $904M net income
- **FY2016** — Revenue already above $10B: $21.1B in first reported year

## Strengths

- None stand out in the data.

## Watch-outs

- Not profitable — 15.0% net margin
- Thin interest coverage (-8.1×)
- Loss-making in 1 of the recent years
- Net debt equals ~17.7 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $19.4B | $1.75B | $1.48B |
| FY2022 | $21.2B | $1.50B | $1.24B |
| FY2023 | $18.9B | $288M | $692M |
| FY2024 | $18.6B | $557M | $757M |
| FY2025 | $23.6B | -$3.52B | -$159M |

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Source: https://stockcv.com/IP — derived from company filings; may be delayed or incomplete. Information, not investment advice.