International Paper (IP) — Cash Flow Quality Index
International Paper (IP) has a Cash Flow Quality Index of 10.18x as of March 2026. Operating cash flow of $611.00 Million exceeds net income of $60.00 Million, indicating high earnings quality where cash backs reported profits. Explore how well can International Paper service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
International Paper Cash Flow Quality Index (1989–2024)
Historical Cash Flow Quality Index for International Paper across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see International Paper operating cash flow efficiency.
Annual Cash Flow Quality Index for International Paper (1989–2024)
Year-by-year earnings quality comparison for International Paper.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 3.01x | $1.68 Billion | $557.00 Million | ▼ -52.7% |
| 2023 | 6.36x | $1.83 Billion | $288.00 Million | ▲ +340.3% |
| 2022 | 1.45x | $2.17 Billion | $1.50 Billion | ▲ +24.9% |
| 2021 | 1.16x | $2.03 Billion | $1.75 Billion | ▼ -81.8% |
| 2020 | 6.35x | $3.06 Billion | $482.00 Million | ▲ +114.8% |
| 2019 | 2.96x | $3.61 Billion | $1.22 Billion | ▲ +85.0% |
| 2018 | 1.60x | $3.23 Billion | $2.02 Billion | ▲ +95.2% |
| 2017 | 0.82x | $1.76 Billion | $2.14 Billion | ▼ -70.2% |
| 2016 | 2.75x | $2.48 Billion | $902.00 Million | ▼ -0.1% |
| 2015 | 2.75x | $2.58 Billion | $938.00 Million | ▼ -49.2% |
| 2014 | 5.42x | $3.08 Billion | $568.00 Million | ▲ +149.6% |
| 2013 | 2.17x | $3.03 Billion | $1.40 Billion | ▼ -41.5% |
| 2012 | 3.71x | $2.97 Billion | $799.00 Million | ▲ +78.7% |
| 2011 | 2.08x | $2.67 Billion | $1.29 Billion | ▼ -59.3% |
| 2010 | 5.11x | $1.63 Billion | $319.00 Million | ▼ -25.2% |
| 2009 | 6.84x | $4.66 Billion | $681.00 Million | ▲ +340.1% |
| 2007 | 1.55x | $1.89 Billion | $1.22 Billion | ▲ +62.8% |
| 2006 | 0.95x | $1.22 Billion | $1.28 Billion | ▼ -45.7% |
| 2005 | 1.76x | $1.51 Billion | $859.00 Million | ▼ -64.8% |
| 2004 | 5.00x | $2.39 Billion | $478.00 Million | ▼ -17.2% |
| 2003 | 6.03x | $1.82 Billion | $302.00 Million | ▼ -15.0% |
| 2002 | 7.10x | $2.09 Billion | $295.00 Million | ▼ -58.5% |
| 2000 | 17.11x | $2.43 Billion | $142.00 Million | ▲ +81.2% |
| 1999 | 9.44x | $1.73 Billion | $183.00 Million | ▲ +33.4% |
| 1998 | 7.08x | $1.67 Billion | $236.00 Million | ▼ -24.7% |
| 1997 | 9.41x | $1.24 Billion | $132.00 Million | ▲ +63.9% |
| 1996 | 5.74x | $1.74 Billion | $303.00 Million | ▲ +194.4% |
| 1995 | 1.95x | $2.25 Billion | $1.15 Billion | ▼ -45.4% |
| 1994 | 3.57x | $1.27 Billion | $357.00 Million | ▲ +11.1% |
| 1993 | 3.21x | $929.00 Million | $289.00 Million | ▼ -57.7% |
| 1992 | 7.59x | $1.08 Billion | $142.00 Million | ▲ +162.9% |
| 1991 | 2.89x | $1.15 Billion | $399.00 Million | ▲ +18.6% |
| 1990 | 2.43x | $1.39 Billion | $569.00 Million | ▲ +48.0% |
| 1989 | 1.64x | $1.42 Billion | $864.00 Million | — |