Filing Flows › International Paper (IP) › Q1 2025
International Paper (IP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
International Paper (IP) reported revenue of $5.9B for the first quarter 2025 (Q1 2025), +28% from a year earlier and +50% from the quarter before. Operating margin was -2.3%, net loss $105M (1.8% of revenue).
International Paper, Q1 2025: revenue $5.9B (+28% year over year), operating margin -2.3%, net loss $105M, operating cash flow −$288M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +50% | +28% |
| Operating profit | −$137M | — | — |
| Net earnings | −$105M | — | — |
| Operating cash flow | −$288M | — | — |
What changed
Revenue was $5.9B in Q1 2025, up 28% year over year and up 50% from the previous quarter.
Operating costs exceeded revenue by $0.14B, an operating margin of -2.3%. Total costs grew 36% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+87%). The quarter ended with a net loss of $0.10B, narrower than the previous quarter's $0.15B loss.
Operating cash flow was −$0.29B. Non-cash charges added back $0.57B of depreciation and amortization. Working capital and other items used $0.75B. Capital expenditures of $0.33B exceeded it, leaving free cash flow of −$0.62B.
Questions
What was International Paper's revenue in the first quarter 2025?
International Paper (IP) reported revenue of $5.9B for the first quarter 2025 (Q1 2025), +28% from a year earlier and +50% from the quarter before.
Was International Paper profitable in the first quarter 2025?
Operating loss was $137M (-2.3% of revenue) and net loss $105M.