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SLVM

Sylvamo Corporation

SLVM

Sylvamo Corporation • NYSE
$47.37 ▼ -1.02% (-0.49)
Market Cap $1.92 B
52w High $93.79
52w Low $37.52
Dividend Yield 1.80%
P/E 10.91
Volume 147.38K
Outstanding Shares 40.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $846M ▲ $125M ▲ $57M ▲ 6.738% ▲ $0 ▼ $148M ▲
Q2-2025 $794M ▼ $79M ▼ $15M ▼ 1.889% ▼ $0.37 ▼ $76M ▼
Q1-2025 $821M ▼ $117M ▲ $27M ▼ 3.289% ▼ $0.66 ▼ $84M ▼
Q4-2024 $970M ▲ $81M ▼ $81M ▼ 8.351% ▼ $1.98 ▼ $151M ▼
Q3-2024 $965M $119M $95M 9.845% $2.32 $185M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $94M ▼ $2.703B ▲ $1.726B ▲ $977M ▲
Q2-2025 $113M ▼ $2.668B ▲ $1.709B ▼ $959M ▲
Q1-2025 $154M ▼ $2.629B ▲ $1.721B ▼ $908M ▲
Q4-2024 $205M ▼ $2.604B ▼ $1.757B ▼ $847M ▼
Q3-2024 $248M $2.861B $1.924B $937M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $57M ▲ $87M ▲ $-54M ▲ $-52M ▼ $-19M ▲ $33M ▲
Q2-2025 $15M ▼ $64M ▲ $-66M ▼ $-45M ▼ $-41M ▲ $-2M ▲
Q1-2025 $27M ▼ $23M ▼ $-48M ▲ $-31M ▲ $-51M ▲ $-25M ▼
Q4-2024 $81M ▼ $164M ▲ $-64M ▼ $-196M ▼ $-103M ▼ $100M ▼
Q3-2024 $95M $163M $-44M $-19M $103M $119M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown nicely over the last several years and has been relatively stable more recently, which is noteworthy given the cyclical nature of the paper industry. Profitability has generally improved versus the early years, with operating earnings and cash-style earnings moving up over time rather than down. That said, net income has bounced around: it was strong right after the spin-out, dipped the following year, and then climbed again to a new high. This pattern suggests a business that is profitable and capable of generating solid earnings, but still exposed to swings in costs, pricing, and demand. Overall, the trend points to a mature, cash-generative business with better earnings power today than a few years ago, but not immune to volatility.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but not overly conservative. Total assets have stayed fairly steady, which fits a mature, capital-intensive business with no major expansion or contraction. Debt rose sharply around the spin-out period and has been coming down since then, which indicates management has been working to reduce leverage. Equity has been rebuilt after an initially thin post-spin position, pointing to retained profits strengthening the company’s capital base. Cash on hand is modest rather than large, so the company likely relies on steady cash generation and credit access rather than a big cash cushion. Overall, financial risk appears to be moving in the right direction, with leverage trending lower but still worth watching in a cyclical industry.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently positive and fairly stable over time, even when reported earnings moved up and down. Free cash flow has also been positive every year, which means the business has been able to fund its investments from internal resources rather than depending heavily on new borrowing. Spending on capital projects has increased versus the earliest year shown, reflecting the decision to reinvest in mills and equipment. Importantly, this higher investment has not pushed free cash flow into negative territory, which suggests a disciplined approach: the company is upgrading assets while maintaining financial flexibility. Reliability of cash flow is a key support for its balance sheet and long-term projects.

Competitive Edge

Competitive Edge Sylvamo has chosen to specialize rather than diversify, with a tight focus on uncoated freesheet paper. In a mature industry, that kind of focus can be an advantage: it concentrates management attention, capital, and expertise on the segment where the company believes it is strongest. Key competitive supports include a network of relatively low-cost mills in multiple regions, well-known brands such as Hammermill and HP Papers, and ownership of forestland in Brazil that secures a portion of its fiber needs. These factors help on both cost and quality, strengthening its position against peers. However, the company still operates in a structurally challenged sector where demand can be pressured by digital alternatives and economic cycles. Its moat looks solid for this niche, but the niche itself is not a high-growth area, which keeps long-term volume and pricing power as ongoing considerations.

Innovation and R&D

Innovation and R&D Innovation at Sylvamo is centered on process and efficiency rather than breakthrough new products. The major mill modernization projects, especially at the Eastover facility, are aimed at making existing operations lower cost, more reliable, and slightly higher capacity. The use of advanced equipment and digital tools to optimize paper machines can create a meaningful cost edge in a tight-margin industry. Product innovation appears more incremental—improving quality, consistency, and performance of premium lines like PRO-DESIGN and Hammermill—rather than launching entirely new categories. The main upside of this strategy is better profitability from existing assets; the main risk is execution: large mill projects can run over budget or take longer than expected to deliver the planned savings. Concentrating innovation on one core segment also limits diversification benefits if that segment faces structural decline.

Summary

Sylvamo comes across as a focused, cash-generative paper producer with improving profitability and a gradually strengthened balance sheet. Earnings have trended upward over the multi-year period, even though individual years can be bumpy, reflecting the cyclical and cost-sensitive nature of its business. Financially, the company has reduced leverage from its early post-spin levels while consistently producing free cash flow. Operationally, it competes on being a low-cost, high-quality producer in a specific paper niche, supported by strong brands and control over part of its raw materials. The strategic choice to double down on uncoated freesheet and modernize mills is coherent and disciplined, but it ties the company’s fortunes closely to a mature, slow-growth market and to the successful execution of large capital projects. Overall, Sylvamo looks like a stable, efficiency-driven business with clear strengths in its chosen niche, balanced by typical industry risks around demand trends, input costs, and capital intensity.

NEWS

November 10, 2025 · 4:15 PM UTC

Sylvamo Adopts Limited-Duration Shareowner Rights Plan

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November 7, 2025 · 7:00 AM UTC

Sylvamo Releases Third Quarter Earnings

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October 7, 2025 · 8:00 AM UTC

Sylvamo to Release Third Quarter Earnings Nov. 7

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