IP International Paper margins

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Relative Growth: Rel. Growth: 15
Relative Strength: Rel. Strength: 35
Relative Valuation: Rel. Valuation: 30
Relative Profitability: Rel. Profitability: 12
Gross margin
29.8%
Operating margin
-12.2%
EBITDA margin
-3.4%
Net margin
-14.2%

International Paper records its operating margin is negative at -12.2%, its EBITDA margin is negative at -3.4%, and its net margin is negative at -14.2%, with a gross margin of 29.8%, an operating margin of -12.2%, an EBITDA margin of -3.4%, and a net margin of -14.2%. Margin expansion was strongest in gross margin, which rose by 1.6 percentage points. Net margin had the strongest contraction, falling by 14.1 percentage points.

IP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, International Paper recorded average margins of 28.57% gross, -1.04% operating, 7.16% EBITDA, and -2.78% net. International Paper's current performance shows that gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

IP margin expansion

Year-over-year margin changes in percentage points

International Paper's gross margin expanded by 1.6 percentage points, but operating margin contracted by 13.8 percentage points, EBITDA margin by 13.8 percentage points, and net margin by 14.1 percentage points.

Gross margin expansion
1.6pp
Operating margin expansion
-13.8pp
EBITDA margin expansion
-13.8pp
Net margin expansion
-14.1pp

IP Gross margin

Across the last 3 years, International Paper's gross margin averaged 28.57%. As of the latest period, International Paper's current gross margin is 29.8%, which is 1.2 percentage points above its three-year average. Gross margin was highest at 29.8% in Jun 2026 and lowest at 27.8% in Mar 2024.

IP Operating margin

International Paper recorded an average operating margin of -1.04% across the last 3 years. International Paper currently reports an operating margin of -12.2%, 11.2 percentage points below its three-year average. Operating margin was highest at 6.9% in Sep 2023 and lowest at -12.8% in Dec 2025.

IP EBITDA margin

Across the last 3 years, International Paper's EBITDA margin averaged 7.16%. The current EBITDA margin stands at -3.4%, 10.6 percentage points below its three-year average. EBITDA margin was highest at 12.6% in Dec 2023 and lowest at -3.4% in Dec 2025.

IP Net margin

International Paper's net margin averaged -2.78% over the last 3 years. Against its three-year average, International Paper's net margin is currently -14.2%, 11.4 percentage points below its three-year average. Over the last 3 years, International Paper's net margin peaked at 3.5% in Dec 2024 and reached a low of -14.9% in Dec 2025.

IP margin group comparison

Margins compared with peer-group, industry and sector averages

International Paper's gross margin of 29.8% is above the industry average but below the Consumer Cyclical sector average. Compared to its Consumer Cyclical sector average of 36.3%, International Paper's gross margin is 18% lower.

IP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is International Paper's gross margin?

The current gross margin for IP is 29.8% as of Jun 30, 2026.

What is International Paper's operating margin?

The current operating margin for IP is -12.2% as of Jun 30, 2026.

What is International Paper's EBITDA margin?

The current EBITDA margin for IP is -3.4% as of Jun 30, 2026.

What is International Paper's net margin?

The current net margin for IP is -14.2% as of Jun 30, 2026.

What are the average margins of IP?

Across the last 3 years, IP averaged 28.6% gross, -1.0% operating, 7.2% EBITDA, and -2.8% net.

What are the highest historical margins of IP?

Looking back across 5 years, IP reached 29.8% gross in Jun 2026, 7.9% operating in Dec 2022, 21.7% EBITDA in Sep 2021, and 10.9% net in Sep 2021.

What are the lowest historical margins of IP?

Looking back across 5 years, IP reached its lowest margins at 27.8% gross in Mar 2024, -12.8% operating in Dec 2025, -3.4% EBITDA in Dec 2025, and -14.9% net in Dec 2025.