IP vs PKG
International Paper (IP) and Packaging Corporation of America (PKG) compared side by side. Packaging Corporation of America (PKG) is larger, with a market cap of $22.0B versus $17.6B for International Paper, about 1.3 times the size. PKG returned +18.9% over the past year including dividends, versus -29.1% for IP, through October 23, 2026..
Head to head
| Metric | IP | PKG |
|---|---|---|
| Market cap | $17.6B | $22.0B |
| P/E (TTM) | — | 30.5x |
| Forward P/E | 10.8x | 17.5x |
| Revenue (TTM) | $24.2B | $9.8B |
| Revenue growth | -2.2% | 12.5% |
| Gross margin | 29.6% | 21.2% |
| Operating margin | 2.3% | 15.0% |
| Free cash flow | $492.0M | $742.4M |
| Dividend yield | 5.57% | 2.43% |
| 1-year return | -29.1% | +18.9% |
| 5-year return (annual) | -4.8% | +16.4% |
| Max drawdown | -91% | -67% |
| FI Handbook grade | C- | C+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
IP vs PKG FAQ
Which is bigger, IP or PKG?
Packaging Corporation of America (PKG) is larger, with a market cap of $22.0B versus $17.6B for International Paper, about 1.3 times the size.
Which stock performed better over the past year, IP or PKG?
PKG returned +18.9% over the past year including dividends, versus -29.1% for IP, through October 23, 2026.
Which pays a higher dividend, IP or PKG?
IP yields 5.57% versus 2.43% for PKG.
Full pages: International Paper · Packaging Corporation of America