IP vs SW
International Paper (IP) and Smurfit Westrock (SW) compared side by side. Smurfit Westrock (SW) is larger, with a market cap of $22.0B versus $17.6B for International Paper, about 1.2 times the size. SW returned +0.2% over the past year including dividends, versus -29.1% for IP, through October 23, 2026..
Head to head
| Metric | IP | SW |
|---|---|---|
| Market cap | $17.6B | $22.0B |
| P/E (TTM) | — | 44.1x |
| Forward P/E | 10.8x | 11.8x |
| Revenue (TTM) | $24.2B | $31.3B |
| Revenue growth | -2.2% | 1.1% |
| Gross margin | 29.6% | 18.2% |
| Operating margin | 2.3% | 5.5% |
| Free cash flow | $492.0M | $1.0B |
| Dividend yield | 5.57% | 4.32% |
| 1-year return | -29.1% | +0.2% |
| 5-year return (annual) | -4.8% | +0.5% |
| Max drawdown | -91% | -79% |
| 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)
$6.0K
$8.0K
$10.0K
$12.0K
20222023202420252026
IP vs SW FAQ
Which is bigger, IP or SW?
Smurfit Westrock (SW) is larger, with a market cap of $22.0B versus $17.6B for International Paper, about 1.2 times the size.
Which stock performed better over the past year, IP or SW?
SW returned +0.2% over the past year including dividends, versus -29.1% for IP, through October 23, 2026.
Which pays a higher dividend, IP or SW?
IP yields 5.57% versus 4.32% for SW.
Full pages: International Paper · Smurfit Westrock