SLVM

MKT CAP:$2B

Sylvamo Corporation

Market Cap

$2B

Basic Materials·Paper, Lumber & Forest Products·🇺🇸 United States·NYSE

Materials·Paper,·🇺🇸·NYSE

Stock Price

$43.73-$4.05 (-8.49%)

Apr 21, 2026

Company Details

Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packagin...

CEO

John Van Sims

IPO Date

Sep 23, 2021

Website

www.sylvamo.com

Key Metrics TTM

Revenue

$3.4B

-11.2% YoY

Net Income

$132M

EPS (Diluted)

$3.26

Free Cash Flow

$6M

Revenue / Share

$84.16

Gross Margin

21.6%

Operating Margin

7.4%

Net Margin

3.9%

FCF Margin

0.2%

P/S

0.5x

P/E

12.2x

Earnings Reports

Q1 2026

May 8, 2026

PENDING

FY 2025

Feb 20, 2026

$3.4B-11.2%EPS $3.22

Q4 2025

Feb 20, 2026

$890M-8.2%EPS $0.83

Q3 2025

Nov 7, 2025

$846M-12.3%EPS $1.41

Q2 2025

Aug 8, 2025

$794M-14.9%EPS $0.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$796M	$257M	$112M
Q1 21	$778M	$253M	$84M
Q2 21	$695M	$287M	$111M
Q4 21	$972M	$311M	$117M
Q1 23	$959M	$271M	$148M
Q2 23	$919M	$198M	$82M
Q3 23	$897M	$232M	$100M
Q4 23	$964M	$210M	$73M
Q1 24	$905M	$189M	$69M
Q2 24	$933M	$249M	$122M
Q3 24	$965M	$265M	$146M
Q4 24	$970M	$237M	$156M
Q1 25	$821M	$159M	$42M
Q2 25	$794M	$109M	$30M
Q3 25	$846M	$222M	$97M
Q4 25	$890M	$234M	$79M

Valuation

Quarter	P/S	P/E
Q4 20	0.5x	8.5x
Q1 21	0.5x	7.1x
Q2 21	0.5x	4.9x
Q4 21	0.4x	4.1x
Q1 23	0.6x	5.8x
Q2 23	0.5x	5.3x
Q3 23	0.5x	6.6x
Q4 23	0.5x	8.1x
Q1 24	0.7x	12.9x
Q2 24	0.8x	12.0x
Q3 24	0.9x	13.1x
Q4 24	0.9x	10.7x
Q1 25	0.8x	9.8x
Q2 25	0.6x	9.4x
Q3 25	0.5x	9.8x
Q4 25	0.6x	14.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$134M	$118M
Q1 21	$82M	$65M
Q2 21	$140M	$125M
Q4 21	$170M	$148M
Q1 23	$63M	$2M
Q2 23	$77M	$33M
Q3 23	$197M	$155M
Q4 23	$167M	$104M
Q1 24	$27M	-$33M
Q2 24	$115M	$62M
Q3 24	$163M	$119M
Q4 24	$164M	$100M
Q1 25	$23M	-$25M
Q2 25	$64M	-$2M
Q3 25	$87M	$33M
Q4 25	$94M	$0

Capital Expenditures

Quarter	CapEx
Q4 20	$16M
Q1 21	$17M
Q2 21	$15M
Q4 21	$22M
Q1 23	$61M
Q2 23	$44M
Q3 23	$42M
Q4 23	$63M
Q1 24	$60M
Q2 24	$53M
Q3 24	$44M
Q4 24	$64M
Q1 25	$48M
Q2 25	$66M
Q3 25	$54M
Q4 25	$94M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	+5.5%	+5.3%
Q2 21	-5.8%	-11.4%
Q4 21	+31.7%	+26.3%
Q1 23	+20.5%	+18.6%
Q2 23	+18.1%	+20.6%
Q3 23	+29.1%	+36.5%
Q4 23	-0.8%	+4.2%
Q1 24	-5.6%	+3.1%
Q2 24	+1.5%	-3.1%
Q3 24	+7.6%	+2.8%
Q4 24	+0.6%	-8.6%
Q1 25	-9.3%	-6.8%
Q2 25	-14.9%	-5.8%
Q3 25	-12.3%	-8.5%
Q4 25	-8.2%	-0.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$4M	0.5%
Q1 21	$3M	0.4%
Q2 21	$4M	0.6%
Q4 21	$4M	0.4%
Q1 23	$7M	0.7%
Q2 23	$8M	0.9%
Q3 23	$6M	0.7%
Q4 23	$2M	0.2%
Q1 24	$7M	0.8%
Q2 24	$5M	0.5%
Q3 24	$5M	0.5%
Q4 24	$0	0.0%
Q1 25	$6M	0.7%
Q2 25	$7M	0.9%
Q3 25	$4M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 20	$59M	$86M	—
Q1 21	$41M	$85M	—
Q2 21	—	$139M	—
Q4 21	$67M	$87M	—
Q1 23	—	$82M	—
Q2 23	$76M	—	—
Q3 23	$89M	—	—
Q4 23	—	—	$95M
Q1 24	—	—	$74M
Q2 24	—	—	$82M
Q3 24	$74M	—	—
Q1 25	—	—	$73M
Q2 25	—	—	$72M
Q3 25	$68M	—	—
Q4 25	$155M	—	—

Revenue by Geography

Quarter	Europe Segment	Latin America Segment	North America Segment
Q1 23	$221M	$206M	$487M
Q2 23	$192M	$235M	$463M
Q3 23	$184M	$237M	$476M
Q1 24	$207M	$208M	$490M
Q2 24	$206M	$245M	$493M
Q3 24	$194M	$247M	$532M
Q1 25	$190M	$199M	$438M
Q2 25	$181M	$207M	$419M
Q3 25	$184M	$228M	$450M
Q4 25	$186M	$270M	$447M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$229M	$0	$229M
Q2 22	$157M	$0	$157M
Q3 22	$163M	$0	$163M
Q4 22	$159M	$201M	$360M
Q1 23	$191M	$0	$191M
Q2 23	$164M	$0	$164M
Q3 23	$194M	$0	$194M
Q4 23	$280M	$0	$280M
Q1 24	$209M	$0	$209M
Q2 24	$145M	$0	$145M
Q3 24	$248M	$0	$248M
Q4 24	$205M	$0	$205M
Q1 25	$154M	$0	$154M
Q2 25	$113M	$0	$113M
Q3 25	$94M	$0	$94M
Q4 25	$135M	$0	$135M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	44M	0.0%	—
Q1 21	44M	0.0%	-0.4%
Q2 21	44M	0.0%	-0.2%
Q4 21	44M	+0.2%	+0.2%
Q1 23	43M	-2.0%	-1.8%
Q2 23	43M	-0.7%	-2.5%
Q3 23	42M	-0.9%	-3.4%
Q4 23	42M	-0.9%	-4.5%
Q1 24	42M	+0.2%	-2.3%
Q2 24	42M	-0.5%	-2.1%
Q3 24	42M	0.0%	-1.2%
Q4 24	42M	+0.2%	0.0%
Q1 25	41M	-2.4%	-2.6%
Q2 25	41M	+0.2%	-1.9%
Q3 25	41M	0.0%	-1.9%
Q4 25	40M	-3.1%	-5.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q4 21	$129.6K	8K
Q1 23	$147.5K	7K
Q2 23	$141.4K	7K
Q3 23	$138.0K	7K
Q4 23	$148.3K	7K
Q1 24	$139.2K	7K
Q2 24	$143.5K	7K
Q3 24	$148.5K	7K
Q4 24	$149.2K	7K
Q1 25	$126.3K	7K
Q2 25	$122.2K	7K
Q3 25	$130.2K	7K
Q4 25	$136.9K	7K

Revenue / Employee