INTERNATIONAL PAPER CO /NEW/ (IP) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Materials · computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $6.95 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 57.5% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | negative | Operating cash flow was $159m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
Nothing is marked as applying, deliberately. The basis that governs here is free cash flow, and this year it yields no ratio at all. The figure above is shown for completeness; treating it as the answer is the substitution this page exists to prevent.
The arithmetic
- GAAP earnings — dividends declared per share $1.85 ÷ diluted EPS $-6.95
- Operating cash flow — dividends paid $977.0m ÷ operating cash flow $1,698.0m
- Free cash flow — dividends paid $977.0m ÷ (operating cash flow $1,698.0m − capex $1,857.0m)
Where the figures came from
- 10-K filed 2026-02-27 · accession
0000051434-26-000055
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.