International Paper Co
International Paper Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | -20.79% | -8.72% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | -20.37% | -8.64% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | -30.57% | -11.57% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | -9.86% | -4.01% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | -0.2% | -0.08% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 3.01% | 1.23% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 6.74% | 2.42% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | — | — | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | — | — | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | — | — | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 3.42% | 1.22% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | — | 1.04% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | — | 4.25% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | — | 5.38% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 17.11% | 6.12% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | — | 7.1% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | — | 6.49% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | — | 6.23% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 20.69% | 6.15% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 21.51% | 5.87% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 14.77% | 3.56% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 13.3% | 3.01% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 6.19% | 1.48% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 6.8% | 1.5% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 8.72% | 1.9% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 9.23% | 1.96% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 16.25% | 3.65% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 19% | 4.07% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 22.25% | 4.68% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 23.24% | 5.01% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 28.98% | 5.96% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 52.8% | 9.34% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 52.49% | 8.83% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 45.08% | 7.91% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 39.47% | 6.38% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 19.77% | 2.72% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 19.12% | 2.51% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 17.69% | 2.42% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 21.98% | 2.83% | — |
| FY 2016 Q3 | Sep 30, 2016 | 12.59% | 8.63% | — | 20.19% | 2.68% | 4.9 pp |
| FY 2016 Q2 | Jun 30, 2016 | 12.17% | 8.68% | — | 17.32% | 2.59% | 4.5 pp |
| FY 2016 Q1 | Mar 31, 2016 | 12.14% | 8.92% | — | 21.1% | 3.25% | 4.4 pp |
| FY 2015 Q4 | Dec 31, 2015 | 11.96% | 9.36% | — | 20.85% | 3.17% | 4.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 12.46% | 10.46% | — | 16.01% | 2.91% | 4.8 pp |
| FY 2015 Q2 | Jun 30, 2015 | 12.97% | 10.96% | — | 16.58% | 3.49% | 5.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 14.1% | 10.78% | — | 15.49% | 3.28% | 6.4 pp |
| FY 2014 Q4 | Dec 31, 2014 | 12.31% | 8.2% | — | 8.4% | 1.84% | 4.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 6.02% | — | 12.2% | 2.76% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 5.56% | — | 12.43% | 2.79% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 5.28% | — | 13.69% | 3.1% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 6.89% | — | 19.36% | 4.38% | — |
| FY 2013 Q3 | Sep 30, 2013 | 12.97% | 8.45% | — | 16.77% | 3.67% | 5.3 pp |
| FY 2013 Q2 | Jun 30, 2013 | 10.62% | 7.94% | — | 15.68% | 3.2% | 2.9 pp |
| FY 2013 Q1 | Mar 31, 2013 | 9.51% | 7.11% | — | 13.35% | 2.78% | 1.8 pp |
| FY 2012 Q4 | Dec 31, 2012 | 9.33% | 7.91% | -16.16% | 12.29% | 2.68% | 1.6 pp |
| FY 2012 Q3 | Sep 30, 2012 | 8.62% | 8.24% | -18.4% | 11.33% | 2.79% | 0.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 10.92% | 8.3% | 1.19% | 15.26% | 3.71% | 3.2 pp |
| FY 2012 Q1 | Mar 31, 2012 | 10.52% | 8.39% | 0.91% | 16.51% | 3.99% | 2.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 13.13% | 10.28% | — | 19.93% | 5.12% | 5.4 pp |
| FY 2011 Q3 | Sep 30, 2011 | 13.67% | 10.56% | — | 20.3% | 5.5% | 6 pp |
| FY 2011 Q2 | Jun 30, 2011 | 12.33% | 11.31% | — | 19.09% | 5.01% | 4.6 pp |
| FY 2011 Q1 | Mar 31, 2011 | 12.04% | 10.68% | — | 17.47% | 4.53% | 4.3 pp |
| FY 2010 Q4 | Dec 31, 2010 | 9.1% | 7.95% | -71.38% | 10.02% | 2.53% | 1.4 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 3.77% | 0.88% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 3.82% | 0.78% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · IP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.