IP vs SUZ vs SW Stock Comparison

International Paper, Suzano and Smurfit Westrock Prices as of Oct 23, 2026 Peers: Industry group
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SUZ Suzano S.A.
$8.64 -6.3% 1M -4.6% 1Y
Market cap
$10.91B
P/E
7.0x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
5 wins
SW Smurfit Westrock plc
$41.85 -10.0% 1M -2.7% 1Y
Market cap
$22.12B
P/E
44.5x
Revenue (TTM)
$31.33B
Div. yield
–
Paper Packaging Basic Materials
2 wins

Head to Head

11 decided of 12

Suzano leads on 5 of the 12 questions below (Suzano 5, International Paper 4, Smurfit Westrock 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIPSUZSWLeader
Larger companyMarket capitalisation $17.68B $10.91B $22.12B SW
Cheaper on earningsLower P/E, profitable companies only -5.1x 7.0x 44.5x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.3x 6.1x 18.4x SUZ
Faster revenue growthRevenue growth, trailing twelve months +25.4% +0.7% +1.7% IP
More profitableNet margin, trailing twelve months -14.2% 17.2% 1.6% SUZ
Better return on capitalReturn on invested capital 7.5% 7.1% 3.1% IP
Less leveragedLower net debt / EBITDA 1.7x 3.1x 3.2x IP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -32.4% -4.6% -2.7% SW
Better 5-year returnAnnualised price return, 5 years -9.0%/yr -1.5%/yr -3.0%/yr SUZ
Less volatileAnnualised volatility, 1 year 45.0% 29.8% 44.1% SUZ
Higher overall scoreMean of the five percentile scores vs peers 61/100 57/100 53/100 IP

Percentile Scorecard

IPSUZSW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIPSUZSW
Valuation 53 #8 of 16 90 #29 of 287 67 #6 of 16
Growth 40 #10 of 16 17 #222 of 267 67 #6 of 16
Profitability 47 #9 of 16 77 #55 of 240 40 #10 of 16
Financial Health 75 #5 of 17 30 #207 of 295 69 #6 of 17
Shareholder Returns 92 #2 of 14 70 #62 of 204 23 #11 of 14
Overall 61 57 53
  • IP ranked among 17 companies in Packaging
  • SUZ ranked among 308 companies in Basic Materials
  • SW ranked among 17 companies in Packaging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIPSUZSWSPY
1 month -7.1%-6.3%-10.0% -1.0%
3 months -21.4%+4.3%-13.8% +2.9%
6 months +1.6%-5.1%+4.7% +6.4%
Year to date -15.8%-7.5%+8.2% +11.4%
1 year -32.4%-4.6%-2.7% +13.1%
3 years -0.3%-17.5%+32.4% +79.4%
3 years, per year -0.1%-6.2%+9.8% +21.5%
5 years -37.5%-7.1%-14.1% +67.7%
5 years, per year -9.0%-1.5%-3.0% +10.9%
10 years -29.4%+159.5%+91.0% +255.2%
10 years, per year -3.4%+10.0%+6.7% +13.5%

Risk

MeasureIPSUZSWSPY
Volatility, 1Y 45.0%29.8%44.1% 12.7%
Downside volatility, 1Y 44.3%27.9%40.4% 12.7%
Beta vs S&P 500, 1Y 1.240.631.45 1.00
Return / volatility, 1Y -0.72-0.16-0.06 1.03
Max drawdown, 5Y -51.1%-41.1%-55.1% -25.4%
From 52-week high -32.6%-24.6%-19.3% -2.5%
52-week high $49.19$11.46$51.84 $779.14
52-week low $29.38$7.67$32.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIPSUZSW
P/E now vs peer median -5.1xmedian 18.2x 6.9xmedian 17.9x 44.1xmedian 18.2x
P/S now vs peer median 0.9xmedian 0.7x 1.2xmedian 1.8x 0.7xmedian 0.7x
EV/EBITDA now vs peer median 5.9xmedian 9.5x 5.7xmedian 9.8x 8.4xmedian 9.5x
P/FCF now vs peer median 42.3xmedian 15.7x 12.3xmedian 16.0x 21.6xmedian 15.7x
P/B now vs peer median 1.4xmedian 1.4x 1.1xmedian 1.8x 1.2xmedian 1.4x
PEG now vs peer median 0.08median 0.83 -0.19median 0.73 —median 0.83

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIPSUZSW
Revenue $24.20B $9.04B $31.33B
Gross profit $7.21B $2.58B $5.62B
Operating income $2.13B $1.91B $1.48B
Net income -$3.44B $1.56B $497.00M
Free cash flow $492.00M $888.28M $1.02B
EPS (diluted) $-6.49 $1.25 $0.94
Cash & equivalents $726.00M $3.21B $677.00M
Total debt $34.22B $17.89B $14.16B
Shares (diluted) 529.50M 1.24B 526.00M
Enterprise value $13.58B -$7.42B $19.02B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIPSUZSW
P/E -5.1x 6.9x 44.1x
P/FCF 42.3x 12.3x 21.6x
P/Operating cash flow 7.9x 3.5x 6.7x
P/S 0.9x 1.2x 0.7x
P/B 1.4x 1.1x 1.2x
P/Tangible book 2.0x 1.1x 1.3x
EV/EBITDA 5.9x 5.7x 8.4x
EV/EBIT 13.8x 12.4x 24.0x
EV/Revenue 1.2x 2.6x 1.1x
EV/FCF 59.5x 26.7x 34.9x
EV/Operating cash flow 11.1x 7.5x 10.7x
PEG (3Y EPS CAGR) 0.08 -0.19 –

Growth

14 metrics
MetricIPSUZSW
Revenue growth (1Y) 25.4% 0.7% 1.7%
Revenue CAGR (3Y) 6.1% -1.5% –
Gross profit growth (1Y) 32.6% -23.8% -4.5%
Gross profit CAGR (3Y) 7.9% -17.1% –
Operating income growth (1Y) 6.8% -20.3% 17.2%
Operating income CAGR (3Y) -13.8% -30.5% –
Net income growth (1Y) -12,633% 11.8% 41.2%
Net income CAGR (3Y) -74.4% -29.7% –
EPS growth (1Y) -12,708% 14.2% 40.1%
EPS CAGR (3Y) -60.9% -36.5% –
Operating cash flow growth (1Y) 139.3% -11.0% 52.3%
Operating cash flow CAGR (3Y) 8.6% -13.2% –
Free cash flow growth (1Y) 516.9% -70.7% 1,094%
Free cash flow CAGR (3Y) -18.3% -47.6% –

Profitability

14 metrics
MetricIPSUZSW
Gross margin 29.8% 28.6% 17.9%
EBITDA margin 20.4% 46.0% 13.5%
Operating margin 8.8% 21.1% 4.7%
Pretax margin -13.5% 25.9% 2.3%
Net margin -14.2% 17.2% 1.6%
FCF margin 2.0% 9.8% 3.2%
Operating cash flow margin 10.9% 34.8% 10.5%
Return on equity -23.5% 16.6% 2.7%
Return on assets -9.4% 4.8% 1.1%
Return on invested capital 7.5% 7.1% 3.1%
Return on capital employed 7.3% 6.4% 3.9%
Asset turnover 0.7x 0.3x 0.7x
Cash conversion (OCF / net income) -0.8x 2.0x 6.6x
Stock comp / revenue – – 0.4%

Financial Health

11 metrics
MetricIPSUZSW
Debt / assets 25.2% 54.2% 31.3%
Debt / equity 0.6x 1.9x 0.8x
Net debt / EBITDA 1.7x 3.1x 3.2x
Debt / FCF 18.7x 20.1x 14.0x
Liabilities / assets 60.4% 70.9% 60.0%
Equity / assets 39.6% 29.1% 40.0%
Interest coverage 6.2x 1.4x –
Current ratio 1.1x 3.4x 1.4x
Quick ratio 0.7x 2.3x 0.7x
Cash ratio 0.1x 1.9x 0.1x
Altman Z-score 1.62 1.03 1.44

Shareholder Returns

7 metrics
MetricIPSUZSW
Dividend yield 5.6% 2.4% 4.3%
Net buyback yield 0.2% – -0.1%
Shareholder yield 5.7% 2.4% 4.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIPSUZSW
Forward P/E 25.3xFY2026 6.1xFY2026 18.4xFY2026
EPS, next fiscal year $1.31FY2026 $1.41FY2026 $2.27FY2026
EPS growth, next FY – -32.5%FY2026 +10.7%FY2026
EPS growth, the year after +121.4% -28.4% +66.5%
Revenue, next fiscal year $22.99BFY2026 $10.38BFY2026 $33.69BFY2026
Revenue growth, next FY -2.7%FY2026 +7.4%FY2026 +8.1%FY2026
Revenue growth, the year after +17.1% +11.2% +8.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIPSUZSW
Held by institutions 85.3% 5.9% 95.9%
Institutions holding 855 136 640
Change in shares held, QoQ +4.9% +0.6% +5.7%
Institutions buying 453 77 373
Institutions selling 282 46 191
Buyers to sellers 1.61 1.67 1.95

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IPSUZSW
IP 1.00 0.26 0.81
SUZ 0.26 1.00 0.35
SW 0.81 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IP, SUZ and SW?

Smurfit Westrock (SW) is the largest by market capitalisation: International Paper (IP) $17.68B, Suzano (SUZ) $10.91B, Smurfit Westrock (SW) $22.12B.

Which stock is cheaper, IP, SUZ and SW?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (International Paper (IP) -5.1x, Suzano (SUZ) 7.0x, Smurfit Westrock (SW) 44.5x). On next year's consensus earnings, Suzano (SUZ) is cheapest (International Paper (IP) 25.3x, Suzano (SUZ) 6.1x, Smurfit Westrock (SW) 18.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

International Paper (IP) grew revenue fastest over the trailing twelve months: International Paper (IP) +25.4%, Suzano (SUZ) +0.7%, Smurfit Westrock (SW) +1.7%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (International Paper (IP) -14.2%, Suzano (SUZ) 17.2%, Smurfit Westrock (SW) 1.6%). On return on invested capital, International Paper (IP) leads (International Paper (IP) 7.5%, Suzano (SUZ) 7.1%, Smurfit Westrock (SW) 3.1%).

Which stock has performed better?

Over the past year Smurfit Westrock (SW) returned the most: International Paper (IP) -32.4%, Suzano (SUZ) -4.6%, Smurfit Westrock (SW) -2.7%. Over five years, Suzano (SUZ) compounded fastest (International Paper (IP) -9.0%/yr, Suzano (SUZ) -1.5%/yr, Smurfit Westrock (SW) -3.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (International Paper (IP) 45.0%, Suzano (SUZ) 29.8%, Smurfit Westrock (SW) 44.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IP, SUZ and SW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suzano (SUZ) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.