Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
In fiscal 2025, INTERNATIONAL PAPER CO /NEW/ recorded $23.63B of revenue, net loss of $3.52B, and an operating cash inflow of $1.70B. The $23.63B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 49.3% above fiscal 2024 revenue of $15.84B, marking a year-over-year increase. The company reported diluted EPS of -$6.95, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $1.57 in fiscal 2024, the current result was 542.7% lower. At period end, total assets were $37.96B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.62x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
After reported cost of revenue, the company retained $7.00B as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 29.6% of revenue, quantifying the portion retained before operating expenses were recognized. After all below-operating-line items, the company recorded a net loss of $3.52B for the fiscal year. Net margin was -14.9%, reflecting a loss equal to 14.9% of reported revenue. The company recognized an income-tax benefit of $533.00M, increasing after-tax earnings relative to the pretax result. The loss-to-equity relationship was 23.7%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 9.3%, placing the bottom-line deficit against the company’s resource base. A $3.52B net loss replaced fiscal 2024 net income of $557.00M.Liquidity and Capital Structure
At period end, the $37.96B asset base was financed through $23.14B of liabilities and $14.83B of equity. Current assets were $10.11B against $7.90B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.28x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $1.15B in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 14.5%, excluding receivables and other current assets. The company carried $9.83B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.66x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 25.9%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 39.1%, placing book capital against the total resource base. Liabilities represented 60.9% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 3.0%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 66.5% higher than fiscal 2024 assets of $22.80B, measuring the company’s own balance-sheet change. Reported equity changed 81.4% from $8.17B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 7.8% higher than fiscal 2024 cash of $1.06B, showing the year-over-year change in liquid resources.Cash Flow and Earnings Quality
Operating activities produced a cash inflow of $1.70B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $1.86B, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 109.4% of operating cash flow, quantifying the share of cash from operations directed to investment. Negative free cash flow was $159.00M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 0.7% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 0.4%.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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