International Paper (IP) Gross Margin (2009 - 2026)
International Paper (IP) posted quarterly Gross Margin of 28.92% for Q1 2026, up 121.0% year-over-year from 13.09% in Q1 2025, and down 7.75% quarter-over-quarter from 31.35% in Q4 2025.
International Paper (IP) Gross Margin (2009 - 2026) Analysis & Trends
International Paper's Gross Margin history runs 18 years deep, the most recent figure standing at 28.92% for Q1 2026.
- In Q1 2026, Gross Margin rose 121.0% year-over-year to 28.92%; the TTM figure through Mar 2026 stood at 27.98% (up 253.0% YoY), while the FY2025 annual figure was 29.61%, up 158.0% from the prior year.
- Gross Margin for Q1 2026 stood at 28.92%, down from 31.35% in the prior quarter.
- The five-year high for Gross Margin was 32.19% in Q4 2023, with the low at 12.54% in Q1 2024.
- The 5-year median for Gross Margin is 28.24% (2023), against an average of 26.75%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin sank 1491 bps in 2024, then soared 1518 bps in 2025.
- International Paper's Gross Margin stood at 28.54% in 2022, then climbed by 13 bps to 32.19% in 2023, then declined by 8 bps to 29.5% in 2024, then climbed by 6 bps to 31.35% in 2025, then fell by 8 bps to 28.92% in 2026.
- Business Quant data shows IP's Gross Margin at 28.92% in Q1 2026, 31.35% in Q4 2025, and 31.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.81 Bn | 25.13 Bn | 1.40 Bn | 17.42% |
| 2 | Amcor | 22.42 Bn | 21.31 Bn | 1.34 Bn | 20.90% |
| 3 | Packaging Corp Of America | 22.38 Bn | 21.79 Bn | 512.50 Mn | 20.58% |
| 4 | International Paper | 21.94 Bn | 21.21 Bn | 1.66 Bn | 27.65% |
| 5 | Ball | 16.88 Bn | 16.21 Bn | 697.00 Mn | 17.44% |
| 6 | Avery Dennison | 14.10 Bn | 13.87 Bn | 729.40 Mn | 29.62% |
| 7 | Crown Holdings | 12.97 Bn | 12.32 Bn | 748.00 Mn | 20.39% |
| 8 | Sonoco Products | 5.89 Bn | 5.72 Bn | 392.38 Mn | 20.81% |
| 9 | Reynolds Consumer Products | 5.37 Bn | 5.30 Bn | 245.00 Mn | 25.95% |
| 10 | Silgan Holdings | 4.42 Bn | 4.07 Bn | 294.88 Mn | 17.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.65% |
| Mar 31, 2026 | 28.92% |
| Dec 31, 2025 | 31.35% |
| Sep 30, 2025 | 31.10% |
| Jun 30, 2025 | 20.61% |
| Mar 31, 2025 | 27.72% |
| Dec 31, 2024 | 29.50% |
| Sep 30, 2024 | 27.62% |
| Jun 30, 2024 | 16.40% |
| Mar 31, 2024 | 12.54% |
| Dec 31, 2023 | 32.19% |
| Sep 30, 2023 | 27.49% |
| Jun 30, 2023 | 28.24% |
| Mar 31, 2023 | 27.45% |
| Dec 31, 2022 | 28.54% |
| Sep 30, 2022 | 29.10% |
| Jun 30, 2022 | 29.37% |
| Mar 31, 2022 | 26.69% |
| Dec 31, 2021 | 28.06% |
| Sep 30, 2021 | 30.34% |