vs

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

International Paper is the larger business by last-quarter revenue ($4.7B vs $3.3B, roughly 1.4× Sempra). Sempra runs the higher net margin — 10.7% vs -50.3%, a 61.0% gap on every dollar of revenue. On growth, Sempra posted the faster year-over-year revenue change (6.9% vs 3.6%). International Paper produced more free cash flow last quarter ($255.0M vs $-2.2B). Over the past eight quarters, International Paper's revenue compounded faster (1.3% CAGR vs -5.8%).

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.

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

IP vs SRE — Head-to-Head

Bigger by revenue
IP
IP
1.4× larger
IP
$4.7B
$3.3B
SRE
Growing faster (revenue YoY)
SRE
SRE
+3.4% gap
SRE
6.9%
3.6%
IP
Higher net margin
SRE
SRE
61.0% more per $
SRE
10.7%
-50.3%
IP
More free cash flow
IP
IP
$2.5B more FCF
IP
$255.0M
$-2.2B
SRE
Faster 2-yr revenue CAGR
IP
IP
Annualised
IP
1.3%
-5.8%
SRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IP
IP
SRE
SRE
Revenue
$4.7B
$3.3B
Net Profit
$-2.4B
$352.0M
Gross Margin
32.2%
Operating Margin
-56.4%
7.2%
Net Margin
-50.3%
10.7%
Revenue YoY
3.6%
6.9%
Net Profit YoY
-1521.8%
-47.9%
EPS (diluted)
$-4.76
$0.53

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
IP
IP
SRE
SRE
Q4 25
$4.7B
$3.3B
Q3 25
$6.2B
$2.8B
Q2 25
$6.8B
$2.7B
Q1 25
$5.9B
$3.7B
Q4 24
$4.6B
$3.1B
Q3 24
$4.7B
$2.6B
Q2 24
$4.7B
$2.5B
Q1 24
$4.6B
$3.7B
Net Profit
IP
IP
SRE
SRE
Q4 25
$-2.4B
$352.0M
Q3 25
$-1.1B
$95.0M
Q2 25
$75.0M
$473.0M
Q1 25
$-105.0M
$917.0M
Q4 24
$-147.0M
$676.0M
Q3 24
$150.0M
$649.0M
Q2 24
$498.0M
$725.0M
Q1 24
$56.0M
$812.0M
Gross Margin
IP
IP
SRE
SRE
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
IP
IP
SRE
SRE
Q4 25
-56.4%
7.2%
Q3 25
-10.8%
10.6%
Q2 25
1.7%
17.3%
Q1 25
-2.3%
21.5%
Q4 24
-4.9%
35.0%
Q3 24
5.1%
12.9%
Q2 24
6.8%
18.8%
Q1 24
3.7%
22.7%
Net Margin
IP
IP
SRE
SRE
Q4 25
-50.3%
10.7%
Q3 25
-17.7%
3.4%
Q2 25
1.1%
17.5%
Q1 25
-1.8%
24.9%
Q4 24
-3.2%
22.0%
Q3 24
3.2%
25.3%
Q2 24
10.5%
29.2%
Q1 24
1.2%
22.0%
EPS (diluted)
IP
IP
SRE
SRE
Q4 25
$-4.76
$0.53
Q3 25
$-2.09
$0.12
Q2 25
$0.14
$0.71
Q1 25
$-0.24
$1.39
Q4 24
$-0.42
$1.04
Q3 24
$0.42
$1.00
Q2 24
$1.41
$1.12
Q1 24
$0.16
$1.26

Balance Sheet & Financial Strength

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

Metric
IP
IP
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$1.1B
$29.0M
Total DebtLower is stronger
$8.8B
$29.0B
Stockholders' EquityBook value
$14.8B
$31.6B
Total Assets
$38.0B
$110.9B
Debt / EquityLower = less leverage
0.60×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IP
IP
SRE
SRE
Q4 25
$1.1B
$29.0M
Q3 25
$995.0M
$5.0M
Q2 25
$1.1B
$155.0M
Q1 25
$1.2B
$1.7B
Q4 24
$1.2B
$1.6B
Q3 24
$1.2B
$560.0M
Q2 24
$1.0B
$228.0M
Q1 24
$1.1B
$606.0M
Total Debt
IP
IP
SRE
SRE
Q4 25
$8.8B
$29.0B
Q3 25
$9.0B
$29.0B
Q2 25
$9.7B
$34.9B
Q1 25
$9.2B
$33.3B
Q4 24
$5.4B
$31.6B
Q3 24
$5.3B
$31.0B
Q2 24
$5.3B
$29.0B
Q1 24
$5.5B
$29.5B
Stockholders' Equity
IP
IP
SRE
SRE
Q4 25
$14.8B
$31.6B
Q3 25
$17.3B
$31.2B
Q2 25
$18.6B
$31.7B
Q1 25
$18.1B
$31.6B
Q4 24
$8.2B
$31.2B
Q3 24
$8.6B
$29.7B
Q2 24
$8.6B
$29.5B
Q1 24
$8.3B
$29.1B
Total Assets
IP
IP
SRE
SRE
Q4 25
$38.0B
$110.9B
Q3 25
$40.6B
$106.9B
Q2 25
$42.4B
$99.9B
Q1 25
$41.2B
$99.0B
Q4 24
$22.8B
$96.2B
Q3 24
$23.2B
$93.7B
Q2 24
$23.1B
$90.5B
Q1 24
$23.0B
$89.6B
Debt / Equity
IP
IP
SRE
SRE
Q4 25
0.60×
0.92×
Q3 25
0.52×
0.93×
Q2 25
0.52×
1.10×
Q1 25
0.51×
1.05×
Q4 24
0.66×
1.01×
Q3 24
0.62×
1.04×
Q2 24
0.62×
0.98×
Q1 24
0.66×
1.01×

Cash Flow & Capital Efficiency

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

Metric
IP
IP
SRE
SRE
Operating Cash FlowLast quarter
$905.0M
$1.2B
Free Cash FlowOCF − Capex
$255.0M
$-2.2B
FCF MarginFCF / Revenue
5.4%
-67.7%
Capex IntensityCapex / Revenue
13.7%
104.0%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-159.0M
$-6.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IP
IP
SRE
SRE
Q4 25
$905.0M
$1.2B
Q3 25
$605.0M
$1.1B
Q2 25
$476.0M
$784.0M
Q1 25
$-288.0M
$1.5B
Q4 24
$397.0M
$1.4B
Q3 24
$521.0M
$1.0B
Q2 24
$365.0M
$669.0M
Q1 24
$395.0M
$1.9B
Free Cash Flow
IP
IP
SRE
SRE
Q4 25
$255.0M
$-2.2B
Q3 25
$150.0M
$-1.5B
Q2 25
$54.0M
$-1.5B
Q1 25
$-618.0M
$-854.0M
Q4 24
$137.0M
$-1.1B
Q3 24
$309.0M
$-913.0M
Q2 24
$167.0M
$-1.2B
Q1 24
$144.0M
$-82.0M
FCF Margin
IP
IP
SRE
SRE
Q4 25
5.4%
-67.7%
Q3 25
2.4%
-52.6%
Q2 25
0.8%
-56.3%
Q1 25
-10.5%
-23.2%
Q4 24
3.0%
-35.4%
Q3 24
6.6%
-35.5%
Q2 24
3.5%
-49.4%
Q1 24
3.1%
-2.2%
Capex Intensity
IP
IP
SRE
SRE
Q4 25
13.7%
104.0%
Q3 25
7.3%
92.9%
Q2 25
6.2%
85.3%
Q1 25
5.6%
63.5%
Q4 24
5.7%
79.9%
Q3 24
4.5%
75.3%
Q2 24
4.2%
76.4%
Q1 24
5.4%
52.3%
Cash Conversion
IP
IP
SRE
SRE
Q4 25
3.38×
Q3 25
11.68×
Q2 25
6.35×
1.66×
Q1 25
1.62×
Q4 24
2.02×
Q3 24
3.47×
1.57×
Q2 24
0.73×
0.92×
Q1 24
7.05×
2.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IP
IP

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

SRE
SRE

Segment breakdown not available.

Related Comparisons