IP vs SON
International Paper Co. and Sonoco Products Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IP | SON |
|---|---|---|
| Revenue | $23.6B | $7.5B |
| Net income | $-3.5B | $1.0B |
| Gross margin | 29.6% | 20.9% |
| Net margin | −14.9% | 13.3% |
| Return on equity | −30.6% | 34.1% |
| Diluted EPS | −$6.95 | $10.07 |
| Dividend / share | $1.85 | $2.11 |
| Payout ratio | −27.8% | 20.7% |
| Free cash flow | $-159.0M | $345.8M |
| Equity | $14.8B | $3.6B |
| Net debt / equity | 0.59× | 1.09× |
| Current ratio | 1.28× | 1.05× |
| Revenue CAGR 5y | 6.1% | 7.5% |
| Profit CAGR 5y | · | 37.0% |
IP bills 3.1× the revenue of SON, and IP closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | IP | SON |
|---|---|---|
| FY2025 | $23.6B | $7.5B |
| FY2024 | $15.8B | $5.3B |
| FY2023 | $16.0B | $5.4B |
| FY2022 | $21.2B | $5.9B |
| FY2021 | $19.4B | $5.6B |
| FY2020 | $17.6B | $5.2B |
| FY2019 | $18.3B | $5.4B |
| FY2018 | $23.3B | $5.4B |
| FY2017 | $21.7B | $5.0B |
| FY2016 | $19.5B | $4.8B |
Bottom line
| Fiscal year | IP | SON |
|---|---|---|
| FY2025 | $-3.5B | $1.0B |
| FY2024 | $557.0M | $163.9M |
| FY2023 | $288.0M | $475.0M |
| FY2022 | $1.5B | $466.4M |
| FY2021 | $1.8B | $-85.5M |
| FY2020 | $482.0M | $207.5M |
| FY2019 | $1.2B | $291.8M |
| FY2018 | $2.0B | $313.6M |
| FY2017 | $2.1B | $175.3M |
| FY2016 | $904.0M | $286.4M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$16,115,247,000 | IP |
| FY2024 | +$10,529,635,000 | IP |
| FY2023 | +$10,591,574,000 | IP |
| FY2022 | +$15,301,673,000 | IP |
| FY2021 | +$13,772,562,000 | IP |
| FY2020 | +$12,327,557,000 | IP |
| FY2019 | +$12,942,793,000 | IP |
| FY2018 | +$17,915,062,000 | IP |
| FY2017 | +$16,706,350,000 | IP |
| FY2016 | +$14,712,123,000 | IP |
| FY2015 | +$15,710,631,000 | IP |
| FY2014 | +$18,600,006,000 | IP |
| FY2013 | +$18,621,343,000 | IP |
| FY2012 | +$17,038,429,000 | IP |
| FY2011 | +$21,535,068,000 | IP |
| FY2010 | +$21,054,879,000 | IP |
| FY2009 | +$19,768,669,000 | IP |
| FY2008 | +$20,706,615,000 | IP |
IP has reported the higher revenue in every one of these 18 fiscal years. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −28.2 pp | SON |
| FY2024 | +0.4 pp | IP |
| FY2023 | −6.9 pp | SON |
| FY2022 | −0.9 pp | SON |
| FY2021 | +10.5 pp | IP |
| FY2020 | −1.2 pp | SON |
| FY2019 | +1.2 pp | IP |
| FY2018 | +2.8 pp | IP |
| FY2017 | +6.3 pp | IP |
| FY2016 | −1.4 pp | SON |
| FY2015 | −0.6 pp | SON |
| FY2014 | −2.3 pp | SON |
| FY2013 | +1.5 pp | IP |
| FY2012 | −0.4 pp | SON |
| FY2011 | +0.3 pp | IP |
| FY2010 | −2.1 pp | SON |
| FY2009 | −1.4 pp | SON |
| FY2008 | −9.0 pp | SON |
The higher net margin has changed hands between IP and SON over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IP's net margin has been more volatile than SON's over the 18 comparable fiscal years — 5.5 percentage points of standard deviation against 2.9.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IP and SON over these 18 fiscal years — IP led in 7 and SON in 11.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IP's return on equity has been more volatile than SON's over the 18 comparable fiscal years — 15.7 percentage points of standard deviation against 7.5.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between IP and SON over these 18 fiscal years — IP led in 8 and SON in 10.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.