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

International Paper brought in $23.6B of revenue in fiscal 2025, Sylvamo $3.4B in fiscal 2025. Revenue changed by +49.3% at International Paper and -11.2% at Sylvamo on the year before, so International Paper grew faster. International Paper kept -14.9% of its revenue as net profit, Sylvamo 3.9%. Free cash flow was -$159M at International Paper and $44M at Sylvamo.

Side by side, latest fiscal year

IPSLVM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$23.6B$3.4B
Revenue growth+49.3%-11.2%
Net income-$3.5B$132M
Net margin-14.9%3.9%
Free cash flow-$159M$44M
Free cash flow margin-0.7%1.3%
Earnings per share (diluted)-$6.95$3.24
Cash$1.1B$135M
Debt$9.8B$23M
Price to earningsn/a10.8
Market value$18B$1.4B
Dividend yield5.44%5.15%
Rank by revenue in sector#5 of 99 · Basic materials#19 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: $23.6BSLVM FY2019: $4BSLVM FY2021: $2.4BSLVM FY2021: $2.8BSLVM FY2022: $3.6BSLVM FY2023: $3.7BSLVM FY2024: $3.8BSLVM FY2025: $3.4BFY18FY19FY20FY21FY22FY23FY24FY25
IP $23.6BSLVM $3.4B
Net income
IP FY2018: $2BIP FY2019: $1.2BIP FY2020: $482MIP FY2021: $1.8BIP FY2022: $1.5BIP FY2023: $288MIP FY2024: $557MIP FY2025: -$3.5BSLVM FY2019: $377MSLVM FY2021: $170MSLVM FY2021: $331MSLVM FY2022: $118MSLVM FY2023: $253MSLVM FY2024: $302MSLVM FY2025: $132MFY18FY19FY20FY21FY22FY23FY24FY25
IP -$3.5BSLVM $132M
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%SLVM FY2019: 9.4%SLVM FY2021: 7.1%SLVM FY2021: 11.7%SLVM FY2022: 3.3%SLVM FY2023: 6.8%SLVM FY2024: 8.0%SLVM FY2025: 3.9%FY18FY19FY20FY21FY22FY23FY24FY25
IP -14.9%SLVM 3.9%
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%SLVM FY2021: -40.6%SLVM FY2021: +18.6%SLVM FY2022: +28.3%SLVM FY2023: +2.6%SLVM FY2024: +1.4%SLVM FY2025: -11.2%FY19FY20FY21FY22FY23FY24FY25
IP +49.3%SLVM -11.2%
Free cash flow
IP FY2018: $1.7BIP FY2019: $2.5BIP FY2020: $2.4BIP FY2021: $1.6BIP FY2022: $1.2BIP FY2023: $692MIP FY2024: $757MIP FY2025: -$159MSLVM FY2019: $406MSLVM FY2021: $293MSLVM FY2021: $480MSLVM FY2022: $289MSLVM FY2023: $294MSLVM FY2024: $248MSLVM FY2025: $44MFY18FY19FY20FY21FY22FY23FY24FY25
IP -$159MSLVM $44M

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

Questions about International Paper and Sylvamo

Which is bigger by revenue, International Paper or Sylvamo?

International Paper is bigger by revenue: $23.6B in fiscal 2025, against $3.4B for Sylvamo in fiscal 2025.

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

International Paper had a net margin of -14.9% in fiscal 2025; Sylvamo had 3.9% in fiscal 2025.

Which grew revenue faster, International Paper or Sylvamo?

In their latest fiscal years revenue changed by +49.3% at International Paper and -11.2% at Sylvamo.

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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