Valuation, from the filing
| Public float | $24.67B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $46.60 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 1.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
51.8× earnings today, against a median of 13.8× across 8 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2023-06-30 | $14.91B | 51.8× | |
| 2022-12-31 | $15.09B | 10.0× | |
| 2021-12-31 | $23.89B | 13.6× | |
| 2020-12-31 | $13.79B | 28.6× | |
| 2019-06-30 | $17.02B | 13.9× | |
| 2018-06-30 | $21.25B | 10.6× | |
| 2017-06-30 | $23.25B | 10.8× | |
| 2016-06-30 | $17.33B | 19.2× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
INTERNATIONAL PAPER CO /NEW/ (IP) reported revenue of $24.20B and net income of -$3.44B for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from INTERNATIONAL PAPER CO /NEW/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Paper Mills.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $24.20B |
| Cost of revenue | $17.00B |
| Gross profit | $7.20B |
| Operating income | Unavailable |
| Net income | -$3.44B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$3.26B |
| Income tax expense | -$539.00M |
| Diluted EPS | $-6.52 |
| Selling, general & administrative | $2.11B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $726.00M |
| Total assets | $36.52B |
| Current assets | $8.24B |
| Total liabilities | Unavailable |
| Current liabilities | $7.51B |
| Total equity incl. NCI | $14.46B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $1.96B |
| Accounts receivable | Unavailable |
| Goodwill | $5.29B |
| Long-term debt | $8.22B |
| Accounts payable | $4.13B |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $2.65B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$1.34B |
| Financing cash flow | -$1.67B |
| Net change in cash | -$409.00M |
| Stock-based compensation | Unavailable |
| Common dividends paid | $979.00M |
| Common share repurchases | $33.00M |
| Depreciation & amortization | $2.77B |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | 29.8% |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | Unavailable |
| Current ratio | 1.10x |
| Revenue YoY growth | 25.4% |
| Net margin | -14.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.57x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open IP in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.