• International Paper average return on tangible equity for 2024 was 7.31, a 42.85% decline from 2023.
• International Paper average return on tangible equity for 2023 was 12.79, a 57.01% decline from 2022.
• International Paper average return on tangible equity for 2022 was 29.75, a 3.41% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.