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International Paper vs Magnera: revenue, profit, margins and growth compared

International Paper brought in $23.6B of revenue in fiscal 2025, Magnera $3.2B in fiscal 2025. Revenue changed by +49.3% at International Paper and +46.5% at Magnera on the year before, so International Paper grew faster. International Paper kept -14.9% of its revenue as net profit, Magnera -5.0%. Free cash flow was -$159M at International Paper and $36M at Magnera.

Side by side, latest fiscal year

IPMAGN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 27, 2025)
Revenue$23.6B$3.2B
Revenue growth+49.3%+46.5%
Net income-$3.5B-$159M
Net margin-14.9%-5.0%
Free cash flow-$159M$36M
Free cash flow margin-0.7%1.1%
Earnings per share (diluted)-$6.95-$4.47
Cash$1.1B$305M
Debt$9.8B$2B
Price to earningsn/an/a
Market value$18B$426.4M
Dividend yield5.44%n/a
Rank by revenue in sector#5 of 99 · Basic materials#21 of 99 · Basic materials

Over the years

Revenue
IP FY2018: $23.3BIP FY2019: $18.3BIP FY2020: $17.6BIP FY2021: $19.4BIP FY2022: $21.2BIP FY2023: $16BIP FY2024: $15.8BIP FY2025: $23.6BMAGN FY2019: $927.7MMAGN FY2020: $916.5MMAGN FY2021: $1.1BMAGN FY2022: $1.5BMAGN FY2023: $2.3BMAGN FY2023: $1.4BMAGN FY2025: $2.2BMAGN FY2025: $3.2BFY18FY19FY20FY21FY22FY23FY24FY25
IP $23.6BMAGN $3.2B
Net income
IP FY2018: $2BIP FY2019: $1.2BIP FY2020: $482MIP FY2021: $1.8BIP FY2022: $1.5BIP FY2023: $288MIP FY2024: $557MIP FY2025: -$3.5BMAGN FY2019: -$21.5MMAGN FY2020: $21.3MMAGN FY2021: $6.9MMAGN FY2022: -$194.2MMAGN FY2023: $38MMAGN FY2023: -$79.1MMAGN FY2025: -$154MMAGN FY2025: -$159MFY18FY19FY20FY21FY22FY23FY24FY25
IP -$3.5BMAGN -$159M
Net margin
IP FY2018: 8.6%IP FY2019: 6.7%IP FY2020: 2.7%IP FY2021: 9.0%IP FY2022: 7.1%IP FY2023: 1.8%IP FY2024: 3.5%IP FY2025: -14.9%MAGN FY2019: -2.3%MAGN FY2020: 2.3%MAGN FY2021: 0.6%MAGN FY2022: -13.0%MAGN FY2023: 1.7%MAGN FY2023: -5.7%MAGN FY2025: -7.0%MAGN FY2025: -5.0%FY18FY19FY20FY21FY22FY23FY24FY25
IP -14.9%MAGN -5.0%
Revenue growth
IP FY2019: -21.4%IP FY2020: -4.1%IP FY2021: +10.2%IP FY2022: +9.3%IP FY2023: -24.2%IP FY2024: -1.2%IP FY2025: +49.3%MAGN FY2020: -1.2%MAGN FY2021: +18.4%MAGN FY2022: +37.5%MAGN FY2023: +52.5%MAGN FY2023: -39.1%MAGN FY2025: +57.8%MAGN FY2025: +46.5%FY19FY20FY21FY22FY23FY24FY25
IP +49.3%MAGN +46.5%
Free cash flow
IP FY2018: $1.7BIP FY2019: $2.5BIP FY2020: $2.4BIP FY2021: $1.6BIP FY2022: $1.2BIP FY2023: $692MIP FY2024: $757MIP FY2025: -$159MMAGN FY2019: $75.1MMAGN FY2020: $80.9MMAGN FY2021: $40.9MMAGN FY2022: -$78.6MMAGN FY2023: $169MMAGN FY2023: -$59.4MMAGN FY2025: $120MMAGN FY2025: $36MFY18FY19FY20FY21FY22FY23FY24FY25
IP -$159MMAGN $36M

Fiscal years as each company reports them; the two may end in different months.

Questions about International Paper and Magnera

Which is bigger by revenue, International Paper or Magnera?

International Paper is bigger by revenue: $23.6B in fiscal 2025, against $3.2B for Magnera in fiscal 2025.

Which keeps more of its revenue as profit, International Paper or Magnera?

International Paper had a net margin of -14.9% in fiscal 2025; Magnera had -5.0% in fiscal 2025.

Which grew revenue faster, International Paper or Magnera?

In their latest fiscal years revenue changed by +49.3% at International Paper and +46.5% at Magnera.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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