International Paper (IP) Operating Margin (2009 - 2026)
International Paper (IP) reported Operating Margin of 11.14% for Q2 2026, down 1.77 percentage points from 12.91% a year earlier and down 1.99 percentage points from the prior quarter.
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Analysis
International Paper (IP) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, International Paper's Operating Margin came in at 8.80%, down 1.53 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).
- Five-year quarterly Operating Margin spans a low of -8.79% in Q4 2023 and a high of 19.06% in Q2 2022.
- Year over year, Operating Margin gained in four of the last eight quarters, with an average year-over-year change of +4.12 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 Q2 2026 came in at 13.13% (Q1 2026), 9.59% (Q4 2025) and 1.61% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.65 Bn | 20.58 Bn | 1.40 Bn | 3.85% |
| 2 | International Paper | 21.34 Bn | 17.23 Bn | 1.66 Bn | 11.14% |
| 3 | Packaging Corp Of America | 20.88 Bn | 18.41 Bn | 512.50 Mn | 11.70% |
| 4 | Amcor | 19.78 Bn | 15.21 Bn | 1.34 Bn | 10.10% |
| 5 | Ball | 15.12 Bn | 12.14 Bn | 697.00 Mn | 9.63% |
| 6 | Crown Holdings | 11.68 Bn | 9.01 Bn | 748.00 Mn | 12.65% |
| 7 | Sonoco Products | 4.94 Bn | 3.94 Bn | 392.38 Mn | 10.23% |
| 8 | Silgan Holdings | 3.80 Bn | 1.54 Bn | 294.88 Mn | 9.12% |
| 9 | Graphic Packaging Holding | 2.74 Bn | 1.96 Bn | 292.00 Mn | 4.34% |
| 10 | Ardagh Metal Packaging | 2.63 Bn | 2.64 Bn | 238.00 Mn | 6.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 17.07% |
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();