Smurfit Westrock (SW)

NYSE Materials Paper & Plastic Packaging Products & Materials S&P 500

$44.09

-0.42 (-0.94%)

Close of Nov 06, 2026 · end-of-day data

Source: Smurfit Westrock's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Revenue	$13.51B	$12.09B	$21.11B	$31.18B
Cost of revenue	$10.24B	$9.04B	$16.91B	$25.14B
Gross profit	$3.27B	$3.05B	$4.20B	$6.04B
Selling, general & admin	$1.54B	$1.57B	$2.74B	$3.82B
Operating income	$1.56B	$1.37B	$1.01B	$1.72B
Interest expense	$148.00M	$170.00M	$525.00M	$840.00M
Pre-tax income	$1.43B	$1.14B	$560.00M	$959.00M
Income tax	$391.00M	$312.00M	$241.00M	$260.00M
Net income	$1.03B	$825.00M	$319.00M	$699.00M
EBITDA	$2.12B	$1.95B	$2.47B	$4.27B
EPS (basic)	$4.00	$3.19	$0.83	$1.34
EPS (diluted)	$3.96	$3.17	$0.82	$1.33
Diluted shares	261.00M	260.00M	389.00M	526.00M
Gross margin	24.2%	25.3%	19.9%	19.4%
Operating margin	11.5%	11.3%	4.8%	5.5%
Net margin	7.7%	6.8%	1.5%	2.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$841.00M	$1.00B	$855.00M	$892.00M
Receivables	—	$1.81B	$4.12B	$4.27B
Inventory	—	$1.20B	$3.55B	$3.69B
Total current assets	—	$4.57B	$10.05B	$10.44B
Goodwill	$2.72B	$2.84B	$6.82B	$7.22B
Total assets	—	$14.05B	$43.76B	$45.16B
Total current liabilities	—	$3.01B	$7.33B	$7.06B
Short-term debt	—	$78.00M	$1.05B	$346.00M
Long-term debt	—	$3.67B	$13.06B	$13.22B
Total debt	—	$3.75B	$14.11B	$13.57B
Total liabilities	—	$7.88B	$26.37B	$26.80B
Shareholders' equity	$107	$6.16B	$17.36B	$18.33B

Cash flow

fiscal years · USD

Fiscal year	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.43B	$1.56B	$1.48B	$3.39B
Capital expenditures	$930.00M	$929.00M	$1.47B	$2.19B
Free cash flow	$503.00M	$630.00M	$17.00M	$1.20B
Investing cash flow	-$1.02B	-$931.00M	-$2.11B	-$2.14B
Financing cash flow	-$431.00M	-$479.00M	$607.00M	-$1.30B
Dividends paid	$349.00M	$391.00M	$650.00M	$900.00M
Share buybacks	$32.00M	$30.00M	$27.00M	$0
Stock-based compensation	$68.00M	$66.00M	$206.00M	$139.00M
Depreciation & amortization	$564.00M	$580.00M	$1.46B	$2.55B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$2.86B	$2.93B	$2.97B	$7.67B	$7.54B	$7.66B	$7.94B	$8.00B	$7.58B	$7.71B	$8.03B	$8.16B
Cost of revenue	$2.16B	$2.22B	$2.28B	$6.32B	$6.10B	$6.08B	$6.42B	$6.43B	$6.20B	$6.44B	$6.63B	$6.72B
Gross profit	$701.00M	$710.00M	$693.00M	$1.35B	$1.44B	$1.58B	$1.51B	$1.57B	$1.38B	$1.27B	$1.40B	$1.44B
Selling, general & admin	$428.00M	$380.00M	$389.00M	$1.01B	$961.00M	$973.00M	$963.00M	$963.00M	$920.00M	$961.00M	$970.00M	$927.00M
Operating income	$180.00M	$307.00M	$244.00M	$55.00M	$401.00M	$553.00M	$251.00M	$526.00M	$389.00M	$253.00M	$309.00M	$487.00M
Interest expense	$41.00M	$37.00M	$75.00M	$209.00M	$204.00M	$195.00M	$208.00M	$204.00M	$233.00M	$198.00M	$208.00M	$202.00M
Pre-tax income	$103.00M	$267.00M	$187.00M	-$117.00M	$223.00M	$390.00M	$58.00M	$336.00M	$175.00M	$84.00M	$128.00M	$314.00M
Income tax	$54.00M	$76.00M	$55.00M	$33.00M	$77.00M	$8.00M	$84.00M	$91.00M	$77.00M	$21.00M	$40.00M	$95.00M
Net income	$48.00M	$191.00M	$132.00M	-$150.00M	$146.00M	$384.00M	-$28.00M	$246.00M	$97.00M	$65.00M	$89.00M	$222.00M
EBITDA	$330.00M	$455.00M	$404.00M	$619.00M	$993.00M	$1.16B	$864.00M	$1.19B	$1.06B	$981.00M	$987.00M	$1.17B
EPS (basic)	$0.18	$0.74	$0.51	$-0.30	$0.32	$0.74	$-0.05	$0.47	$0.19	$0.12	$0.17	$0.42
EPS (diluted)	$0.17	$0.73	$0.51	$-0.30	$0.32	$0.73	$-0.05	$0.47	$0.19	$0.12	$0.17	$0.42
Diluted shares	1.00M	260.00M	260.00M	508.00M	45.00M	526.00M	522.00M	526.00M	1.00M	526.00M	526.00M	528.00M
Gross margin	24.5%	24.2%	23.3%	17.6%	19.1%	20.6%	19.1%	19.6%	18.2%	16.4%	17.4%	17.6%
Operating margin	6.3%	10.5%	8.2%	0.7%	5.3%	7.2%	3.2%	6.6%	5.1%	3.3%	3.8%	6.0%
Net margin	1.7%	6.5%	4.4%	-2.0%	1.9%	5.0%	-0.4%	3.1%	1.3%	0.8%	1.1%	2.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$1.00B	$108	$26.76K	$951.00M	$855.00M	$797.00M	$778.00M	$851.00M	$892.00M	$674.00M	$677.00M	$723.00M
Receivables	$1.81B	—	—	$4.61B	$4.12B	$4.55B	$4.84B	$4.67B	$4.27B	$4.64B	$4.92B	$4.95B
Inventory	$1.20B	—	—	$3.58B	$3.55B	$3.67B	$3.77B	$3.78B	$3.69B	$3.58B	$3.61B	$3.77B
Total current assets	$4.57B	—	—	$10.54B	$10.05B	$10.63B	$10.98B	$10.88B	$10.44B	$10.55B	$10.82B	$11.13B
Goodwill	$2.84B	—	—	$7.21B	$6.82B	$6.97B	$7.21B	$7.21B	$7.22B	$7.19B	$7.17B	$7.15B
Total assets	$14.05B	$108	$26.76K	$45.03B	$43.76B	$44.65B	$45.75B	$45.57B	$45.16B	$45.17B	$45.20B	$45.15B
Total current liabilities	$3.01B	—	—	$7.13B	$7.33B	$7.45B	$7.59B	$7.34B	$7.06B	$7.31B	$7.48B	$7.54B
Short-term debt	$78.00M	—	—	$745.00M	$1.05B	$1.30B	$1.03B	$798.00M	$346.00M	$980.00M	$931.00M	$842.00M
Long-term debt	$3.67B	—	—	$13.17B	$13.06B	$12.92B	$13.33B	$13.31B	$13.22B	$13.28B	$13.23B	$13.21B
Total debt	$3.75B	—	—	$13.92B	$14.11B	$14.22B	$14.36B	$14.11B	$13.57B	$14.26B	$14.16B	$14.05B
Total liabilities	$7.88B	—	$12.30K	$27.04B	$26.37B	$26.76B	$27.42B	$27.11B	$26.80B	$27.09B	$27.14B	$27.13B
Shareholders' equity	$6.16B	$108	$14.46K	$17.96B	$17.36B	$17.86B	$18.30B	$18.43B	$18.33B	$18.06B	$18.04B	$17.99B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$611.00M	$42.00M	$340.00M	$320.00M	$781.00M	$235.00M	$829.00M	$1.13B	$1.20B	$204.00M	$765.00M	$874.00M
Capital expenditures	$268.00M	$208.00M	$177.00M	$512.00M	$569.00M	$477.00M	$522.00M	$610.00M	$583.00M	$624.00M	$465.00M	$514.00M
Free cash flow	$343.00M	-$166.00M	$163.00M	-$192.00M	$212.00M	-$242.00M	$307.00M	$523.00M	$612.00M	-$420.00M	$300.00M	$360.00M
Investing cash flow	-$254.00M	-$207.00M	-$203.00M	-$1.19B	-$519.00M	-$476.00M	-$520.00M	-$568.00M	-$579.00M	-$627.00M	-$448.00M	-$479.00M
Financing cash flow	-$101.00M	$0	$2.38B	-$1.51B	-$262.00M	$151.00M	-$355.00M	-$470.00M	-$624.00M	$209.00M	-$318.00M	-$331.00M
Dividends paid	$92.00M	$0	$335.00M	$158.00M	$157.00M	$225.00M	$225.00M	$225.00M	$225.00M	$237.00M	$237.00M	$238.00M
Share buybacks	$0	$27.00M	$0	$0	$0	$0	$0	$0	$0	—	—	—
Stock-based compensation	$23.00M	$15.00M	$16.00M	$123.00M	$52.00M	$43.00M	$36.00M	$35.00M	$25.00M	$28.00M	$27.00M	$21.00M
Depreciation & amortization	$150.00M	$148.00M	$160.00M	$564.00M	$592.00M	$603.00M	$613.00M	$659.00M	$675.00M	$728.00M	$678.00M	$678.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.