International Paper vs Packaging Corporation of America
International Paper is the larger business, with $23.63bn of revenue in fiscal 2025 against $8.99bn for Packaging Corporation of America (2.6 times as much). International Paper grew faster (49.3% against 7.2%). Packaging Corporation of America kept more of each dollar of sales as profit: a net margin of 8.6% against -14.9%.
| Latest fiscal year | International PaperIP, 2025 | Packaging Corporation of AmericaPKG, 2025 |
|---|---|---|
| Revenue | $23.63bn | $8.99bn |
| Revenue growth | 49.3% | 7.2% |
| Net income | −$3.52bn | $774m |
| Operating margin | — | — |
| Net margin | -14.9% | 8.6% |
| Return on equity | -30.6% | 17.2% |
| Free cash flow | −$159m | $729m |
| Cash | $1.15bn | $529m |
| Total debt | $9.83bn | $3.99bn |
| Debt to equity | — | — |
| Dividend per share | $1.85 | — |
| Dividend yield | 4.3% | 1.9% |
| Share buybacks | $65.0m | $153m |
| Employees | 62,602 | 16,800 |
| Market value | $22.97bn | $23.02bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 60 (Moderate) | 64 (Moderate) |
| Insider trades, 12 months | 5 buys, 3 sales | 0 buys, 6 sales |