International Paper (IP) Operating Margin (2009 - 2026)
International Paper (IP) reported Operating Margin of 14.88% for Q3 2026, up 13.27 percentage points from 1.61% a year earlier and up 3.74 percentage points from the prior quarter.
Powered by 
Analysis
International Paper (IP) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, International Paper's Operating Margin came in at 12.21%, up 4.20 percentage points year-over-year; for FY2025, it was 7.71%, down 3.67 percentage points from FY2024.
- Operating Margin has declined for three consecutive years, with a five-year change of -6.97 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 11.37% in FY2024 (-1.72 pp), 13.09% in FY2023 (-4.11 pp), 17.20% in FY2022 (+4.10 pp) and 13.10% in FY2021 (-1.57 pp).
- The Q3 2026 figure ranks as the highest quarterly Operating Margin since Q3 2023.
- Year over year, Operating Margin gained in five of the last eight quarters, with an average year-over-year change of +6.62 percentage points.
- The high point for year-over-year Operating Margin in five years was Q4 2024 (a gain of 19.37 percentage points); the low point was Q4 2021 (a drop of 42.06 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 11.14% (Q2 2026), 13.13% (Q1 2026) and 9.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.02 Bn | 20.06 Bn | 1.44 Bn | 5.97% |
| 2 | Packaging Corp Of America | 22.34 Bn | 19.92 Bn | 603.90 Mn | 14.81% |
| 3 | Amcor | 20.65 Bn | 16.06 Bn | 1.16 Bn | 7.41% |
| 4 | International Paper | 18.58 Bn | 14.66 Bn | 1.93 Bn | 14.88% |
| 5 | Ball | 17.38 Bn | 14.54 Bn | 709.00 Mn | -0.96% |
| 6 | Crown Holdings | 13.22 Bn | 10.58 Bn | 724.00 Mn | 11.91% |
| 7 | Sonoco Products | 4.88 Bn | 3.93 Bn | 405.32 Mn | -31.25% |
| 8 | Silgan Holdings | 4.38 Bn | 2.19 Bn | 328.59 Mn | 9.35% |
| 9 | Graphic Packaging Holding | 3.20 Bn | 2.20 Bn | 307.00 Mn | 4.61% |
| 10 | Ardagh Metal Packaging | 2.82 Bn | 1.24 Bn | 238.00 Mn | 6.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.88% |
| Jun 30, 2026 | 11.14% |
| Mar 31, 2026 | 13.13% |
| Dec 31, 2025 | 9.59% |
| Sep 30, 2025 | 1.61% |
| Jun 30, 2025 | 12.91% |
| Mar 31, 2025 | 7.92% |
| Dec 31, 2024 | 10.58% |
| Sep 30, 2024 | 9.25% |
| Jun 30, 2024 | -1.12% |
| Mar 31, 2024 | -3.52% |
| Dec 31, 2023 | -8.79% |
| Sep 30, 2023 | 15.91% |
| Jun 30, 2023 | 16.04% |
| Mar 31, 2023 | 15.24% |
| Dec 31, 2022 | 17.81% |
| Sep 30, 2022 | 16.51% |
| Jun 30, 2022 | 19.06% |
| Mar 31, 2022 | 15.41% |
| Dec 31, 2021 | 9.97% |
API Access
International Paper Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=IP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "IP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=IP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();