International Paper (IP)
Makes corrugated packaging, containerboard, displays, and recycling solutions across North America and EMEA.
Something off on this page? Send us feedback.
Produces corrugated boxes, containerboard, retail displays, bulk and solid-fiber packaging, and recycling and packaging services across North America, Latin America, Europe, and North Africa. Operates through North American and EMEA packaging segments, with the EMEA business preparing for a planned spin-off.
Produces corrugated packaging, containerboard, retail displays, bulk and solid-fiber packaging, corrugated sheets, recycling solutions, and related design, printing, testing, fulfillment, and assembly services. Customers span industrial, consumer, retail, e-commerce, and fulfillment markets.
Manufacturing and packaging operations run across North America, Latin America, Europe, and North Africa through Packaging Solutions North America and Packaging Solutions EMEA. The network combines paper mills, box plants, design services, and recycling operations, linking results to mill reliability, recovered-fiber, energy and freight costs, and regional box demand.
Following the DS Smith acquisition and the completed sale of Global Cellulose Fibers, management uses a disciplined operating model to simplify products, segment customers, and direct resources. A planned spin-off would separate the EMEA packaging business while International Paper retains North American operations; completion remains subject to corporate and regulatory approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Seaport Global | Reiterate | Rating: —Target: $60 | Target: $46 |
| Jul 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $48 | Target: $52 |
| Jul 31, 2026 | UBS | Reiterate | Rating: —Target: $40 | Target: $47 |
| Jul 31, 2026 | Wells Fargo | Reiterate | Rating: —Target: $42 | Target: $46 |
| Jul 31, 2026 | Truist Financial | Target | Target: $46 | Target: $49 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $726.0M · Total debt $9.69B · Total assets $36.52B · Shareholders' equity $14.46B
- Revenue
- $6.00B
- Operating income
- $45.0M
- Net income
- −$12.0M
HistoryDividendAnnual yield
| Institutions | ≈ 101.42% | 537.11M shares | |
|---|---|---|---|
| 899 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.18% | 948.8K shares | |
| 16 holders · as of Aug 10, 2026 | |||
| Adds to | 101.60% | ||
529.57M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 101.60%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Capital Research Global InvestorsInstitution | 14.82% | 78.47M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 9.62% | 50.94M | as of Jun 30, 2026 |
T. Rowe Price Associates, Inc.Institution | 9.29% | 49.21M | filed May 15, 2026 |
Price T Rowe Associates Inc /MD/Institution | 8.59% | 45.50M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.52% | 34.55M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | William Thomas Hamic | officer: Exec. VP & President | −24,500 | $41.20 |
| Aug 4, 2026 | Holly G. Goughnour | officer: VP & Chief Accounting Officer | −3,500 | $41.96 |
| May 1, 2026 | Scott Tozier | director | +10,000 | $31.30 |
| Mar 11, 2026 | Anders Gustafsson | director | +12,875 | $38.84 |
| Mar 12, 2026 | Anders Gustafsson | director | +13,217 | $37.83 |
- Smurfit Westrock
Global corrugated and paperboard peer across North America and EMEA
- Packaging Corporation of America
Direct U.S. containerboard and corrugated-packaging peer
- Graphic Packaging
Consumer paperboard peer in cartons, foodservice, and retail packs
- Sonoco Products
Paperboard and industrial paper-packaging peer at IP's edge markets
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| International Paper | $35.78 | +1.27% | $18.71B | — | 15.4 | 0.8 | −11.3% |
| Smurfit Westrock | $46.16 | +1.65% | $23.82B | 48.3 | 15.7 | 0.8 | +1.7% |
| Packaging Corporation of America | $239.61 | +0.54% | $21.23B | 30.9 | 20.4 | 2.2 | +14.7% |
| Graphic Packaging | $9.43 | +1.95% | $2.74B | 14.0 | 10.2 | 0.3 | −0.7% |
| Sonoco Products | $50.50 | +2.54% | $4.87B | 7.6 | 8.4 | 0.7 | −1.3% |
| Median | 22.5 | 12.9 | 0.7 | +0.5% |