Q4 25 EPS
$-0.08
MISS 131.89%
Est. $0.25
Q4 25 Revenue
$6.01B
BEAT +2.00%
Est. $5.89B
Full Year 2025 Results
FY 25 EPS
$-0.20
FY 25 Revenue
$23.63B
Did IP Beat Earnings? Q4 2025 Results
International Paper closed out Q4 2025 with a headline loss of $0.08 per share and revenue of $6.01 billion, but the numbers tell only part of a story dominated by transformation and one-time pain. A $2.47 billion pre-tax non-cash goodwill impairment… Read more International Paper closed out Q4 2025 with a headline loss of $0.08 per share and revenue of $6.01 billion, but the numbers tell only part of a story dominated by transformation and one-time pain. A $2.47 billion pre-tax non-cash goodwill impairment charge tied to its PS EMEA reporting unit drove a GAAP loss from continuing operations of $2.36 billion for the quarter, overwhelming otherwise improving underlying results, including adjusted EBITDA of $758 million, up sharply from $443 million a year ago. The revenue surge, compared to $3.92 billion in Q4 2024, reflects the full-quarter contribution of DS Smith, acquired in January 2025. The company simultaneously announced plans to split into two independent public companies, separating its North American and European packaging operations within 12 to 15 months. Looking ahead, management targets full-year 2026 adjusted EBITDA of $3.50 billion to $3.70 billion, with Q1 guidance set at $740 million to $760 million, as ongoing cost-out initiatives and commercial wins are expected to build momentum through the separation process.
Key Takeaways
- • 80/20 strategic approach focusing resources on most profitable customers and products
- • 37% year-over-year adjusted EBITDA improvement in North America
- • DS Smith acquisition adding scale to both North America and EMEA operations
- • Mill closures and cost-out initiatives reducing structural costs
- • Higher sales prices for boxes and strategic customer wins in PS NA
- • Lower fiber and energy costs in PS EMEA
- • Exiting non-strategic export containerboard and specialty markets
IP YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
IP Revenue by Segment
With YoY comparisons, source: SEC Filings
“Throughout 2025, we made significant progress executing our profitable growth strategy. By deploying and embedding 80/20, we focused resources where we can win and built two regional packaging powerhouses. In North America we grew above market in the second half of the year and delivered 37% year-over-year adjusted EBITDA improvement. In EMEA, we moved decisively and made significant progress in applying our commercial and structural cost levers to set us up for a strong year ahead.”
— Andy Silvernail, Q4 2025 Earnings Press Release
IP Earnings Trends
IP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IP EPS Trend
Earnings per share: estimate vs actual
IP Revenue Trend
Quarterly revenue: estimate vs actual
IP Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.14 | $0.15 | +6.08% | $5.97B | -0.71% |
| Q4 25 MISS FY | $0.25 | $-0.08 | -131.89% | $6.01B | +2.00% |
| FY Full Year | — | $-0.20 | — | $23.63B | — |
| Q3 25 MISS | $0.56 | $-0.43 | -177.28% | $6.22B | -3.63% |
| Q2 25 MISS | $0.41 | $0.20 | -51.09% | $6.77B | +0.97% |
| Q1 25 MISS | $0.36 | $0.23 | -36.11% | $5.90B | -5.61% |
| Q4 24 MISS FY | $0.01 | $-0.02 | -300.00% | $4.58B | -3.76% |
| FY Full Year | $1.25 | $1.13 | -9.85% | $18.62B | -0.96% |