International Paper (IP) Return on Capital Employed [ROCE] (2009 - 2026)
International Paper (IP) recorded Return on Capital Employed [ROCE] of 7.35% in Q2 2026, up 1.60 percentage points from 5.75% a year earlier but down 0.13 percentage points from the prior quarter.
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Analysis
International Paper (IP) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, International Paper reported Return on Capital Employed [ROCE] of 8.10%, down 1.49 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has declined for three straight years, with a five-year change of -2.51 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 9.59% in FY2024 (-1.09 pp), 10.69% in FY2023 (-7.89 pp), 18.58% in FY2022 (+8.15 pp) and 10.42% in FY2021 (-0.18 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from 0.18% in Q3 2024 to 18.76% in Q4 2022 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for five consecutive quarters, with an average year-over-year change of -1.11 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 7.83 percentage points in Q4 2022, against a drop of 15.69 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.48% (Q1 2026), 6.01% (Q4 2025) and 5.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.14 Bn | 20.07 Bn | 1.40 Bn | 3.92% |
| 2 | International Paper | 20.80 Bn | 16.70 Bn | 1.66 Bn | 7.35% |
| 3 | Packaging Corp Of America | 20.43 Bn | 17.97 Bn | 512.50 Mn | 10.64% |
| 4 | Amcor | 19.35 Bn | 14.78 Bn | 1.34 Bn | 6.35% |
| 5 | Ball | 14.84 Bn | 11.86 Bn | 697.00 Mn | 11.79% |
| 6 | Crown Holdings | 11.46 Bn | 8.79 Bn | 748.00 Mn | 16.46% |
| 7 | Sonoco Products | 4.83 Bn | 3.83 Bn | 392.38 Mn | 12.59% |
| 8 | Silgan Holdings | 3.67 Bn | 1.41 Bn | 294.88 Mn | 8.35% |
| 9 | Graphic Packaging Holding | 2.68 Bn | 1.91 Bn | 292.00 Mn | 5.31% |
| 10 | Ardagh Metal Packaging | 2.59 Bn | 2.60 Bn | 238.00 Mn | 8.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.35% |
| Mar 31, 2026 | 7.48% |
| Dec 31, 2025 | 6.01% |
| Sep 30, 2025 | 5.15% |
| Jun 30, 2025 | 5.75% |
| Mar 31, 2025 | 4.62% |
| Dec 31, 2024 | 3.20% |
| Sep 30, 2024 | 0.18% |
| Jun 30, 2024 | 2.11% |
| Mar 31, 2024 | 6.20% |
| Dec 31, 2023 | 10.68% |
| Sep 30, 2023 | 15.87% |
| Jun 30, 2023 | 16.90% |
| Mar 31, 2023 | 18.37% |
| Dec 31, 2022 | 18.76% |
| Sep 30, 2022 | 15.95% |
| Jun 30, 2022 | 15.24% |
| Mar 31, 2022 | 12.77% |
| Dec 31, 2021 | 10.93% |
| Sep 30, 2021 | 16.85% |
API Access
International Paper Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=IP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=IP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();