International Paper vs Smurfit Westrock
Smurfit Westrock is the larger business, with $31.18bn of revenue in fiscal 2025 against $23.63bn for International Paper (1.3 times as much). International Paper grew faster (49.3% against 47.7%). Smurfit Westrock kept more of each dollar of sales as profit: a net margin of 2.2% against -14.9%.
| Latest fiscal year | International PaperIP, 2025 | Smurfit WestrockSW, 2025 |
|---|---|---|
| Revenue | $23.63bn | $31.18bn |
| Revenue growth | 49.3% | 47.7% |
| Net income | −$3.52bn | $699m |
| Operating margin | — | 5.5% |
| Net margin | -14.9% | 2.2% |
| Return on equity | -30.6% | 3.9% |
| Free cash flow | −$159m | $1.20bn |
| Cash | $1.15bn | $892m |
| Total debt | $9.83bn | $13.77bn |
| Debt to equity | — | 75.2% |
| Dividend per share | $1.85 | $1.72 |
| Dividend yield | 4.3% | 4.1% |
| Share buybacks | $65.0m | $0 |
| Employees | 62,602 | 97,000 |
| Market value | $22.97bn | $22.76bn |
| Price vs our value range | Within our value range | — |
| Moat score | 60 (Moderate) | — |
| Insider trades, 12 months | 5 buys, 3 sales | 0 buys, 4 sales |