IP
International Paper Co /new/ Materials Paper Mills S&P 500Russell 3000
$36.37Close
$22.8BMarket cap
$28.62 – $47.4552-week range
Jan 27, 2027Next report · estimated
Highlights
Cautions
- Not in an uptrend 2 of 8 trend conditions
- Lagging the market RS 34 · weaker than 66% of stocks over 12 months
- Earnings shrinking EPS −116% year on year
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
23%
1wk
up 9.6%
price change
1mo
up 9.6%
price change
12-month return
down 1%
market up 11% ·
its own down 25%
F-score
4 / 9
Weak
Altman Z
1.22
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
1.5×
price / book
Earnings yield
down 9.2%
EBIT / enterprise value
Cheaper than
37%
of the market · expensive
Revenue growth
up 49%
year on year
EPS growth
down 116%
latest quarter
Sales growth
down 2%
latest quarter · -16 pts
ROE
down 31%
return on equity
Free cash margin
down 1%
-$159.0M FCF
D/E
0.60
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- profitability slipped from last year
- took on more long-term debt
- short-term liquidity weakened
- issued more shares
- generating cash from operations
- profits backed by cash
- gross margin widened
- assets working harder
Repair signals
- Gross margin 28.0% → 29.6%
- Revenue reaccelerating (-1% then +49%)
Trade setup
ATR%
3.3%
$1.20 a day · 2×ATR $33.98
RS
34 / 99
vs the universe
Trend
2 / 8
trend template
Relative volume
1.3×
vs 50-day average
Up/down volume
0.90
50 sessions
Implied move
—
no scheduled report
Trend template · 2 of 8
- Price above the 50-day average: passes
- Within 25% of the 52-week high: passes
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 39.7% over the year, from 449m to 627m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported
Oct 28, 2026
Results reaction
Oct 28, 2026+8% vs market2 sessions after results
Options
$330,62839.7% IV · activity
Financials
- Gross 30%
- Net -15%
- Free cash -1%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.6B | $19.4B | $21.2B | $16.0B | $15.8B | $23.6B |
| Gross margin | 30% | 29% | 28% | 28% | 28% | 30% |
| Net income | $482.0M | $1.8B | $1.5B | $288.0M | $557.0M | -$3.5B |
| Net margin | 3% | 9% | 7% | 2% | 4% | -15% |
| Earnings per share | $1.22 | $4.46 | $4.10 | $0.82 | $1.57 | -$6.95 |
| Free cash flow | $2.4B | $1.6B | $1.2B | $692.0M | $757.0M | -$159.0M |
| Free cash margin | 14% | 8% | 6% | 4% | 5% | -1% |
| Cash | $595.0M | $1.3B | $804.0M | $1.1B | $1.1B | $1.1B |
| Long-term debt | $8.0B | $5.4B | $4.8B | $5.5B | $5.4B | $8.8B |
| Shareholders' equity | $7.9B | $9.1B | $8.5B | $8.4B | $8.2B | $14.8B |
| Shares outstanding | 448.90m | 448.90m | 448.90m | 448.90m | 448.90m | 627m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $33 – $40 ±9.3% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 39.7% priced · 31.2% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $330,628 calls $171,225 · puts $159,403 · latest session
- 0.93× +0.80 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +6.26k · puts -453 past week
For options traders: ATM IV 39.7% (-4.4% 1w) · 1m ÷ 3m IV 1.07 · 25Δ skew 8.6 pts · Net GEX $1.5M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 5, 2026 | Quarterly ↗ | Jun 30, 2026 | 36d |
| May 5, 2026 | Quarterly ↗ | Mar 31, 2026 | 35d |
| Feb 27, 2026 | Annual ↗ | Dec 31, 2025 | 58d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 7, 2025 | Quarterly ↗ | Jun 30, 2025 | 38d |
| May 7, 2025 | Quarterly ↗ | Mar 31, 2025 | 37d |
| Feb 21, 2025 | Annual ↗ | Dec 31, 2024 | 52d |
| Nov 1, 2024 | Quarterly ↗ | Sep 30, 2024 | 32d |
| Jul 26, 2024 | Quarterly ↗ | Jun 30, 2024 | 26d |
| Apr 26, 2024 | Quarterly ↗ | Mar 31, 2024 | 26d |
| Feb 16, 2024 | Annual ↗ | Dec 31, 2023 | 47d |
| Oct 27, 2023 | Quarterly ↗ | Sep 30, 2023 | 27d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 28, 2026 | Results ↗ |
| Oct 8, 2026 | Exhibits only ↗ |
| Jul 30, 2026 | Results ↗ |
| Jul 17, 2026 | Director or officer change ↗ |
| May 11, 2026 | Shareholder vote ↗ |
| Apr 30, 2026 | Results ↗ |
| Feb 26, 2026 | Regulation FD ↗ |
| Jan 29, 2026 | Results ↗ |
| Jan 23, 2026 | Acquisition or disposal · Regulation FD ↗ |
| Oct 30, 2025 | Results ↗ |
| Sep 26, 2025 | Other events ↗ |
| Aug 21, 2025 | Restructuring · Impairment · Regulation FD ↗ |