IP vs SW
International Paper Co. and Smurfit Westrock PLC, side by side — 4 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IP | SW |
|---|---|---|
| Revenue | $23.6B | $31.2B |
| Net income | $-3.5B | $699.0M |
| Gross margin | 29.6% | 19.4% |
| Net margin | −14.9% | 2.2% |
| Return on equity | −30.6% | 3.9% |
| Diluted EPS | −$6.95 | $1.33 |
| Dividend / share | $1.85 | $1.72 |
| Payout ratio | −27.8% | 128.8% |
| Free cash flow | $-159.0M | $1.2B |
| Equity | $14.8B | $18.3B |
| Net debt / equity | 0.59× | 0.69× |
| Current ratio | 1.28× | 1.48× |
| Revenue CAGR 5y | 6.1% | · |
| Profit CAGR 5y | · | · |
SW bills 1.3× the revenue of IP, 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.
4 years side by side
| Fiscal year | IP | SW |
|---|---|---|
| FY2025 | $23.6B | $31.2B |
| FY2024 | $15.8B | $21.1B |
| FY2023 | $16.0B | $12.1B |
| FY2022 | $21.2B | $13.5B |
Bottom line
| Fiscal year | IP | SW |
|---|---|---|
| FY2025 | $-3.5B | $699.0M |
| FY2024 | $557.0M | $319.0M |
| FY2023 | $288.0M | $825.0M |
| FY2022 | $1.5B | $1.0B |
Standard deviation, each side
IP's net margin has been more volatile than SW's over the 4 comparable fiscal years — 8.5 percentage points of standard deviation against 2.7.
4 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 SW over these 4 fiscal years — IP led in 1 and SW in 3.
4 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 SW's over the 4 comparable fiscal years — 17.9 percentage points of standard deviation against 7.0.
4 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 SW over these 4 fiscal years — IP led in 1 and SW in 3.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.