• 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.
• International Paper average return on tangible equity for 2021 was 28.77, a 100.07% increase from 2020.

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.