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

International Paper is the larger business by last-quarter revenue ($6.0B vs $3.7B, roughly 1.6× TELUS CORP). International Paper runs the higher net margin — 1.0% vs -4.8%, a 5.8% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% vs -0.6%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

IP vs TU — Head-to-Head

Bigger by revenue
IP
IP
1.6× larger
IP
$6.0B
$3.7B
TU
Growing faster (revenue YoY)
TU
TU
+2.8% gap
TU
2.2%
-0.6%
IP
Higher net margin
IP
IP
5.8% more per $
IP
1.0%
-4.8%
TU

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
IP
IP
TU
TU
Revenue
$6.0B
$3.7B
Net Profit
$60.0M
$-178.8M
Gross Margin
90.2%
Operating Margin
3.4%
Net Margin
1.0%
-4.8%
Revenue YoY
-0.6%
2.2%
Net Profit YoY
157.1%
-210.9%
EPS (diluted)
$0.14

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
TU
TU
Q1 26
$6.0B
Q4 25
$4.7B
Q3 25
$6.2B
Q2 25
$6.8B
$3.7B
Q1 25
$5.9B
Q4 24
$4.6B
Q3 24
$4.7B
Q2 24
$4.7B
$3.6B
Net Profit
IP
IP
TU
TU
Q1 26
$60.0M
Q4 25
$-2.4B
Q3 25
$-1.1B
Q2 25
$75.0M
$-178.8M
Q1 25
$-105.0M
Q4 24
$-147.0M
Q3 24
$150.0M
Q2 24
$498.0M
$161.3M
Gross Margin
IP
IP
TU
TU
Q1 26
Q4 25
32.2%
Q3 25
31.1%
Q2 25
27.9%
90.2%
Q1 25
27.8%
Q4 24
29.0%
Q3 24
28.7%
Q2 24
29.0%
87.9%
Operating Margin
IP
IP
TU
TU
Q1 26
Q4 25
-56.4%
Q3 25
-10.8%
Q2 25
1.7%
3.4%
Q1 25
-2.3%
Q4 24
-4.9%
Q3 24
5.1%
Q2 24
6.8%
13.7%
Net Margin
IP
IP
TU
TU
Q1 26
1.0%
Q4 25
-50.3%
Q3 25
-17.7%
Q2 25
1.1%
-4.8%
Q1 25
-1.8%
Q4 24
-3.2%
Q3 24
3.2%
Q2 24
10.5%
4.4%
EPS (diluted)
IP
IP
TU
TU
Q1 26
$0.14
Q4 25
$-4.76
Q3 25
$-2.09
Q2 25
$0.14
Q1 25
$-0.24
Q4 24
$-0.42
Q3 24
$0.42
Q2 24
$1.41

Balance Sheet & Financial Strength

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

Metric
IP
IP
TU
TU
Cash + ST InvestmentsLiquidity on hand
$2.7B
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$14.8B
$11.8B
Total Assets
$36.4B
$44.3B
Debt / EquityLower = less leverage
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IP
IP
TU
TU
Q1 26
Q4 25
$1.1B
Q3 25
$995.0M
Q2 25
$1.1B
$2.7B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.0B
$676.7M
Total Debt
IP
IP
TU
TU
Q1 26
$8.2B
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
Stockholders' Equity
IP
IP
TU
TU
Q1 26
$14.8B
Q4 25
$14.8B
Q3 25
$17.3B
Q2 25
$18.6B
$11.8B
Q1 25
$18.1B
Q4 24
$8.2B
Q3 24
$8.6B
Q2 24
$8.6B
$12.4B
Total Assets
IP
IP
TU
TU
Q1 26
$36.4B
Q4 25
$38.0B
Q3 25
$40.6B
Q2 25
$42.4B
$44.3B
Q1 25
$41.2B
Q4 24
$22.8B
Q3 24
$23.2B
Q2 24
$23.1B
$41.8B
Debt / Equity
IP
IP
TU
TU
Q1 26
0.55×
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×

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
TU
TU
Operating Cash FlowLast quarter
$851.2M
Free Cash FlowOCF − Capex
$94.0M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$553.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IP
IP
TU
TU
Q1 26
Q4 25
$905.0M
Q3 25
$605.0M
Q2 25
$476.0M
$851.2M
Q1 25
$-288.0M
Q4 24
$397.0M
Q3 24
$521.0M
Q2 24
$365.0M
$1.0B
Free Cash Flow
IP
IP
TU
TU
Q1 26
$94.0M
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
FCF Margin
IP
IP
TU
TU
Q1 26
1.6%
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%
Capex Intensity
IP
IP
TU
TU
Q1 26
8.7%
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%
Cash Conversion
IP
IP
TU
TU
Q1 26
Q4 25
Q3 25
Q2 25
6.35×
Q1 25
Q4 24
Q3 24
3.47×
Q2 24
0.73×
6.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IP
IP

Packaging Solutions North America$3.6B61%
Packaging Solutions EMEA$2.3B39%
Corporate and Inter-segment Sales$22.0M0%

TU
TU

Segment breakdown not available.

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