NYSE · Financial Statements

Smurfit WestRock plc (SW) Financial Statements

$41.85 NYSE: SW Market Cap $21.95B

Smurfit WestRock plc most recently reported annual revenue of $31.2B, net profit of $699.0M. Revenue grew at an average annual rate of 29.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Smurfit WestRock plc: Revenue rose from $8.6B in 2016 to $31.2B in 2025, a change of +263.3% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 10.0% to 7.1%, a shift of -2.9 percentage points; the most recent year shows net profit of $699.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$8.6B$8.6B$8.9B$9.0B$8.5B$10.5B$12.6B$11.0B$20.4B$31.2B
Operating Expenses$7.7B$7.8B$7.8B$8.2B$7.6B$9.4B$11.2B$9.7B$19.4B$29.0B
Operating Profit$857.0M$792.0M$1.1B$884.0M$891.0M$1.1B$1.5B$1.2B$972.0M$2.2B
Operating Margin10.0%9.3%12.8%9.8%10.4%10.5%11.5%11.3%4.8%7.1%
Other Income$-169.0M$-237.0M$0$-207.0M$-143.0M$-157.0M$-123.0M$-212.0M$-431.0M$-1.3B
Interest$196.0M$236.0M$168.0M$168.0M$119.0M$126.0M$146.0M$154.0M$507.0M$840.0M
Depreciation$418.0M$387.0M$479.0M$441.0M$457.0M$487.0M$527.0M$525.0M$1.4B$2.5B
Profit Before Tax$688.0M$555.0M$-404.0M$677.0M$748.0M$947.0M$1.3B$1.0B$541.0M$959.0M
Tax$30.0M$27.6M$-58.2M$28.5M$26.9M$25.6M$27.4M$27.4M$43.0M$27.1M
Net Profit$467.0M$417.0M$-646.0M$476.0M$545.0M$705.0M$966.0M$747.0M$308.0M$699.0M
EPS$1.97$1.76$-2.74$2.00$2.67$2.71$3.80$2.87$0.79$1.33
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.8B$2.6B$2.7B$2.8B$6.9B$7.3B$7.7B$7.9B$8.0B$7.6B$6.7B$8.0B
Operating Expenses$2.4B$2.4B$2.4B$2.5B$6.8B$6.9B$7.1B$7.4B$7.4B$7.1B$6.4B$7.7B
Operating Profit$335.0M$163.0M$284.0M$228.0M$49.0M$387.0M$604.0M$552.0M$606.0M$462.0M$267.0M$309.0M
Operating Margin12.1%6.3%10.5%8.2%0.7%5.3%7.9%7.0%7.6%6.1%4.0%3.9%
Interest$0$68.0M$0$31.0M$187.0M$197.0M$195.0M$208.0M$204.0M$233.0M$198.0M$179.0M
Profit Before Tax$286.0M$93.0M$247.0M$175.0M$-105.0M$215.0M$390.0M$58.0M$336.0M$175.0M$73.0M$128.0M
Tax$24.2M$52.4M$28.5M$29.4M$-28.2M$34.5M$2.0M$144.8M$27.1M$44.0M$25.0M$31.3M
Net Profit$217.0M$43.0M$177.0M$123.0M$-135.0M$141.0M$384.0M$-28.0M$246.0M$97.0M$56.0M$88.0M
EPS$0.88$0.16$0.68$0.48$-0.27$0.31$0.73$-0.05$0.47$0.18$0.12$0.17

Over the 10 years reported for Smurfit WestRock plc, borrowings increased from $3.4B in 2016 to $16.2B in 2025, cash stood at $1.0B in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.48 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.3B$10.8B$10.9B$9.9B$10.3B$11.7B$12.5B$14.1B$43.8B$53.0B
Current Assets$2.9B$3.6B$3.4B$2.7B$3.3B$4.1B$4.5B$4.6B$10.1B$12.3B
Cash$459.0M$636.0M$466.0M$189.0M$891.0M$854.0M$785.0M$1.0B$855.0M$1.0B
Inventory$830.0M$1.0B$981.0M$819.0M$773.0M$1.0B$1.3B$1.2B$3.5B$4.3B
Receivables$1.3B$1.6B$1.4B$1.4B$1.3B$1.8B$1.9B$1.8B$4.1B$5.0B
Fixed Assets$3.4B$3.9B$4.1B$4.4B$4.3B$4.7B$5.0B$6.2B$22.7B$27.3B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$38.0M$34.0M$34.0M$26.0M$23.0M$24.0M$0$0$0$0
Other Assets$2.4B$2.7B$2.7B$2.4B$2.3B$2.5B$2.5B$2.8B$6.8B$8.5B
Total Liabilities$6.7B$7.6B$7.6B$6.9B$6.5B$7.3B$7.5B$7.9B$26.4B$31.5B
Current Liabilities$2.0B$3.0B$2.4B$2.2B$2.2B$2.8B$3.0B$3.0B$7.3B$8.3B
Borrowings$3.4B$3.4B$3.5B$3.7B$3.3B$3.8B$3.7B$4.1B$13.6B$16.2B
Other Liabilities$3.3B$4.3B$4.0B$3.2B$3.2B$3.6B$3.7B$3.7B$12.8B$15.3B
Equity$0$0$0$0$0$0$0$0$1.0M$1.0M
Reserves$2.4B$3.0B$3.2B$3.0B$3.8B$4.4B$5.0B$6.2B$17.4B$21.5B

For Smurfit WestRock plc, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.2B; free cash flow was positive in 10 of 10 years; financing activities used $94.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$772.0M$891.0M$1.2B$1.3B$1.5B$1.2B$1.4B$1.6B$1.5B$3.4B
Investing Cash Flow$-936.0M$-1.1B$-1.8B$-1.5B$-1.2B$-1.9B$-1.9B$-1.9B$-3.6B$-4.3B
Financing Cash Flow$-4.0M$-44.0M$-27.0M$-146.0M$-39.0M$-119.0M$-75.0M$-33.0M$-110.0M$-94.0M
Net Cash Flow$146.0M$121.0M$-129.0M$-244.0M$866.0M$35.0M$-144.0M$159.0M$-145.0M$37.0M
Free Cash Flow$309.0M$342.0M$549.0M$595.0M$902.0M$468.0M$503.0M$630.0M$17.0M$1.2B

Valuation & Return Ratios

MetricValue
PEG Ratio1.46
EV / EBITDA8.61
FCF Yield4.40%
Quick Ratio0.96
Interest Coverage2.26
Return 1Y0.38%
Return 3Y46.44%
Return 5Y-3.87%

Smurfit WestRock plc (SW) financials — frequently asked questions

What is Smurfit WestRock plc's annual revenue?

Smurfit WestRock plc (SW) reported annual revenue of $31.2B in its most recent fiscal year.

What is Smurfit WestRock plc's net profit?

Smurfit WestRock plc (SW) reported net profit of $699.0M in its most recent fiscal year.

What is SW EV/EBITDA?

Smurfit WestRock plc's enterprise value to EBITDA (EV/EBITDA) ratio is 8.61.

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