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Side-by-side financial comparison of EOG Resources (EOG) and International Paper (IP). Click either name above to swap in a different company.

EOG Resources is the larger business by last-quarter revenue ($5.6B vs $4.7B, roughly 1.2× International Paper). EOG Resources runs the higher net margin — 12.4% vs -50.3%, a 62.7% gap on every dollar of revenue. On growth, International Paper posted the faster year-over-year revenue change (3.6% vs 0.9%). Over the past eight quarters, International Paper's revenue compounded faster (1.3% CAGR vs -4.0%).

EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.

The International Paper Company is an American pulp and paper company, the largest such company in the world. It has approximately 39,000 employees, and is headquartered in Memphis, Tennessee.

EOG vs IP — Head-to-Head

Bigger by revenue
EOG
EOG
1.2× larger
EOG
$5.6B
$4.7B
IP
Growing faster (revenue YoY)
IP
IP
+2.6% gap
IP
3.6%
0.9%
EOG
Higher net margin
EOG
EOG
62.7% more per $
EOG
12.4%
-50.3%
IP
Faster 2-yr revenue CAGR
IP
IP
Annualised
IP
1.3%
-4.0%
EOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EOG
EOG
IP
IP
Revenue
$5.6B
$4.7B
Net Profit
$701.0M
$-2.4B
Gross Margin
32.2%
Operating Margin
16.7%
-56.4%
Net Margin
12.4%
-50.3%
Revenue YoY
0.9%
3.6%
Net Profit YoY
-44.0%
-1521.8%
EPS (diluted)
$1.31
$-4.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EOG
EOG
IP
IP
Q4 25
$5.6B
$4.7B
Q3 25
$5.8B
$6.2B
Q2 25
$5.5B
$6.8B
Q1 25
$5.7B
$5.9B
Q4 24
$5.6B
$4.6B
Q3 24
$6.0B
$4.7B
Q2 24
$6.0B
$4.7B
Q1 24
$6.1B
$4.6B
Net Profit
EOG
EOG
IP
IP
Q4 25
$701.0M
$-2.4B
Q3 25
$1.5B
$-1.1B
Q2 25
$1.3B
$75.0M
Q1 25
$1.5B
$-105.0M
Q4 24
$1.3B
$-147.0M
Q3 24
$1.7B
$150.0M
Q2 24
$1.7B
$498.0M
Q1 24
$1.8B
$56.0M
Gross Margin
EOG
EOG
IP
IP
Q4 25
32.2%
Q3 25
31.1%
Q2 25
27.9%
Q1 25
27.8%
Q4 24
29.0%
Q3 24
28.7%
Q2 24
29.0%
Q1 24
25.9%
Operating Margin
EOG
EOG
IP
IP
Q4 25
16.7%
-56.4%
Q3 25
31.4%
-10.8%
Q2 25
31.9%
1.7%
Q1 25
32.8%
-2.3%
Q4 24
28.5%
-4.9%
Q3 24
35.0%
5.1%
Q2 24
35.4%
6.8%
Q1 24
37.1%
3.7%
Net Margin
EOG
EOG
IP
IP
Q4 25
12.4%
-50.3%
Q3 25
25.2%
-17.7%
Q2 25
24.6%
1.1%
Q1 25
25.8%
-1.8%
Q4 24
22.4%
-3.2%
Q3 24
28.0%
3.2%
Q2 24
28.0%
10.5%
Q1 24
29.2%
1.2%
EPS (diluted)
EOG
EOG
IP
IP
Q4 25
$1.31
$-4.76
Q3 25
$2.70
$-2.09
Q2 25
$2.46
$0.14
Q1 25
$2.65
$-0.24
Q4 24
$2.25
$-0.42
Q3 24
$2.95
$0.42
Q2 24
$2.95
$1.41
Q1 24
$3.10
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EOG
EOG
IP
IP
Cash + ST InvestmentsLiquidity on hand
$3.4B
$1.1B
Total DebtLower is stronger
$8.8B
Stockholders' EquityBook value
$29.8B
$14.8B
Total Assets
$51.8B
$38.0B
Debt / EquityLower = less leverage
0.60×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOG
EOG
IP
IP
Q4 25
$3.4B
$1.1B
Q3 25
$3.5B
$995.0M
Q2 25
$5.2B
$1.1B
Q1 25
$6.6B
$1.2B
Q4 24
$7.1B
$1.2B
Q3 24
$6.1B
$1.2B
Q2 24
$5.4B
$1.0B
Q1 24
$5.3B
$1.1B
Total Debt
EOG
EOG
IP
IP
Q4 25
$8.8B
Q3 25
$9.0B
Q2 25
$9.7B
Q1 25
$9.2B
Q4 24
$5.4B
Q3 24
$5.3B
Q2 24
$5.3B
Q1 24
$5.5B
Stockholders' Equity
EOG
EOG
IP
IP
Q4 25
$29.8B
$14.8B
Q3 25
$30.3B
$17.3B
Q2 25
$29.2B
$18.6B
Q1 25
$29.5B
$18.1B
Q4 24
$29.4B
$8.2B
Q3 24
$29.6B
$8.6B
Q2 24
$29.2B
$8.6B
Q1 24
$28.6B
$8.3B
Total Assets
EOG
EOG
IP
IP
Q4 25
$51.8B
$38.0B
Q3 25
$52.2B
$40.6B
Q2 25
$46.3B
$42.4B
Q1 25
$47.0B
$41.2B
Q4 24
$47.2B
$22.8B
Q3 24
$46.2B
$23.2B
Q2 24
$45.2B
$23.1B
Q1 24
$44.8B
$23.0B
Debt / Equity
EOG
EOG
IP
IP
Q4 25
0.60×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.51×
Q4 24
0.66×
Q3 24
0.62×
Q2 24
0.62×
Q1 24
0.66×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EOG
EOG
IP
IP
Operating Cash FlowLast quarter
$2.6B
$905.0M
Free Cash FlowOCF − Capex
$255.0M
FCF MarginFCF / Revenue
5.4%
Capex IntensityCapex / Revenue
13.7%
Cash ConversionOCF / Net Profit
3.73×
TTM Free Cash FlowTrailing 4 quarters
$-159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOG
EOG
IP
IP
Q4 25
$2.6B
$905.0M
Q3 25
$3.1B
$605.0M
Q2 25
$2.0B
$476.0M
Q1 25
$2.3B
$-288.0M
Q4 24
$2.8B
$397.0M
Q3 24
$3.6B
$521.0M
Q2 24
$2.9B
$365.0M
Q1 24
$2.9B
$395.0M
Free Cash Flow
EOG
EOG
IP
IP
Q4 25
$255.0M
Q3 25
$150.0M
Q2 25
$54.0M
Q1 25
$-618.0M
Q4 24
$137.0M
Q3 24
$309.0M
Q2 24
$167.0M
Q1 24
$144.0M
FCF Margin
EOG
EOG
IP
IP
Q4 25
5.4%
Q3 25
2.4%
Q2 25
0.8%
Q1 25
-10.5%
Q4 24
3.0%
Q3 24
6.6%
Q2 24
3.5%
Q1 24
3.1%
Capex Intensity
EOG
EOG
IP
IP
Q4 25
13.7%
Q3 25
7.3%
Q2 25
6.2%
Q1 25
5.6%
Q4 24
5.7%
Q3 24
4.5%
Q2 24
4.2%
Q1 24
5.4%
Cash Conversion
EOG
EOG
IP
IP
Q4 25
3.73×
Q3 25
2.11×
Q2 25
1.51×
6.35×
Q1 25
1.56×
Q4 24
2.21×
Q3 24
2.14×
3.47×
Q2 24
1.71×
0.73×
Q1 24
1.62×
7.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EOG
EOG

Oil And Condensate$3.0B53%
Natural Gas Gathering Transportation Marketing And Processing$1.1B20%
Natural Gas Production$847.0M15%
Natural Gas Liquids Reserves$666.0M12%
Other Net$20.0M0%

IP
IP

Other$2.4B52%
DS Smith Packaging$2.3B48%

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