Pricing Log in Create free account
Friday 6 November 2026 Export SW’s income statement to Excel — free account

Smurfit Westrock PLC

SW Consumer Cyclical Packaging & Containers

Smurfit Westrock PLC’s revenue for fiscal 2025 (year ended December 2025) was $31.2 billion, up 47.7% from fiscal 2024.

Revenue
+1.97%
EPS
−11.9%
Free cash flow
−29.4%
Total debt
−0.44%

Quarter to September 2026, against a year earlier

44.40 0.79 −1.75%
Market cap
$23.3B
P/E
49.6×
Fwd P/E
29.4×
Dividend yield
4.03%
F-score
6/9
Altman Z
1.44
Beneish M
−2.63
Dividend safety
28/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 3.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — — — — — — — — —
Insider Ownership 1.24%

Capital & Financial Ratios $m

Size
Market Cap 23,270.00
Revenue ttm 31,484.00
Net income ttm 468.00
Free cash flow ttm 888.00
Net debt Q 13,326.00
Valuation
P/E 49.65 (above 35: high)
Forward P/E 29.40
Price / sales 0.75
Forward P/S Powerpack
Price / FCF 26.43
Price / book 1.30
Financial health
Current ratio Q 1.48
Debt / equity Q 0.78
Interest coverage Q 2.80
Growth
Revenue growth Q +1.97% (above 0%: growing)
Operating income growth Q −7.41% (below 0%: shrinking)
EPS, this year −4.35% (below 0%: weak)
EPS, next year A +66.30% (at or above 15%: strong)
Revenue, next year A +3.14%
EPS, past 5 yrs —
EPS, next 5 yrs A +22.62% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 1.0×; over the ten years it ranged from 0.7× in 2022 to 2.2× in 2024.
P/E against its own 10 years 87.41%
10-year low 10-year high
P/S against its own 10 years 78.22%
10-year low 10-year high
P/B against its own 10 years 88.12%
10-year low 10-year high
EV/Sales against its own 10 years 74.29%
10-year low 10-year high
EV/FCF against its own 10 years 83.29%
10-year low 10-year high

Dividends raised 5 years running

Yield
4.03%
Annual rate
1.79
Payout ratio
202.2%
Growth, 2018–26
+0.45%/yr
  1. 1.75 ’18
  2. 1.83 ’19 +5
  3. 1.07 ’20 −42
  4. 0.93 ’21 −13
  5. 1.03 ’22 +10
  6. 1.13 ’23 +10
  7. 1.21 ’24 +7
  8. 1.72 ’25 +42
  9. 1.81 ’26 +5
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 393 855 892 723
Receivables 2,592 4,117 4,268 4,946
Inventory 2,332 3,550 3,693 3,768
Other 1,676 1,533 1,586 1,697
6,993 10,055 10,439 11,134
2023 2024 2025 Q'26
Payables 2,124 3,290 3,597 3,521
ST’ Debt 533 1,053 346 842
Other 1,738 1,393 1,523 1,569
4,919 7,333 7,064 7,544

Compound Annual Growth %

10y 5y 3y
Sales 7.69% 7.96% 15.36%
Cash Flow 8.77% 10.92% 22.89%
Earnings (0.13%) (5.84%) 0.00%
Book Value 6.44% 9.44% 22.04%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.60 Actual 0.45

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.46 0.34 Miss by 0.12
Q1 FY26 0.36 0.33 Miss by 0.03
Q2 FY26 0.42 0.35 Miss by 0.07
Q3 FY26 0.60 0.45 Miss by 0.15
Q4 FY26 0.62 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.12 0.17 0.41 — —
’25 0.73 (0.05) 0.47 0.18 1.33
’24 0.73 0.51 (0.30) 0.28 0.82
’23 — — — (0.09) 3.18
’23 (7.85) 0.79 0.88 — (6.43)
’22 — — — 0.18 3.61
’22 0.15 1.47 1.34 0.68 3.63
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,712 8,031 8,161 — —
’25 7,656 7,940 8,003 7,580 31,179
’24 2,930 2,969 7,671 7,539 21,109
’23 — — — 4,620 12,093
’23 5,278 5,121 2,915 — 20,310
’22 — — — 4,923 13,509
’22 5,382 5,520 5,402 4,952 21,257
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 204 765 874 — —
’25 235 829 1,133 1,195 3,392
’24 42 340 320 781 1,483
’23 — — — (673) 1,559
’23 550 694 948 — 1,828
’22 — — — 266 1,433
’22 643 837 540 253 2,020
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (411) 310 380 — —
’25 (242) 307 538 609 1,212
’24 (166) 166 (180) 258 78
’23 — — — (262) 647
’23 5 442 298 — 713
’22 — — — (12) 516
’22 313 625 250 104 1,188
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 16.9% a year for ten years. It grew −5.6% a year over the last ten.

Implied
16.9%
10 years, reported
−5.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 14,172 14,860 16,285 18,289 17,579 18,746 13,509 12,093 21,109 31,179 31,484 +9.2% 32,158 34,419 35,354 +4.3%
Gross margin, % 19.47 18.29 20.64 20.50 18.19 18.27 24.22 25.25 19.87 19.38 17.43 (0.1) pt
EBT 245 858 1,035 1,145 (523) 1,086 1,426 1,138 560 959 701 +16.4%
EBT margin, % 1.73 5.77 6.35 6.26 (2.97) 5.79 10.56 9.41 2.65 3.08 2.23 +1.4 pt
Net income (390) 699 1,909 868 (686) 843 1,035 826 319 699 468 n/m
Per share, $
Per share, $ Revenue 55.79 58.92 63.74 71.27 67.82 70.69 52.36 46.87 54.69 59.73 59.56 +0.8%
Earnings (1.53) 2.77 7.47 3.38 (2.65) 3.18 3.61 3.20 0.83 1.34 0.89 n/m
Cash flow 6.65 5.80 7.56 9.00 7.99 8.60 5.55 6.04 3.84 6.50 5.75 (0.3%)
Capex (3.01) (2.86) (3.79) (4.77) (3.61) (3.04) (3.55) (3.53) (3.64) (4.18) (4.07) +3.7%
Free cash flow 3.63 2.94 3.77 4.23 4.38 5.56 2.00 2.51 0.20 2.32 1.68 (4.9%)
Book value 38.70 41.18 44.94 45.53 41.08 44.08 0.00 23.93 45.04 35.16 34.08 (1.1%)
Shares, m 254 252 256 257 259 265 258 258 386 522 524 +8.3%
Valuation, ×
Valuation, × P/E 0.00 11.84 5.56 8.95 0.00 16.38 12.14 0.00 43.88 28.64 49.65 12.7
P/S 0.47 0.56 0.64 0.42 0.58 0.72 0.46 0.56 0.98 0.65 0.75 0.6
P/B 0.68 0.80 0.91 0.66 0.95 1.16 0.84 1.64 1.20 1.10 1.30 1.0
EV/Sales 0.85 0.98 1.00 0.96 1.10 1.14 0.88 0.72 1.59 1.06 1.17 1.0
EV/FCF 9.66 13.36 16.10 15.22 16.12 10.60 15.95 26.66 429.87 27.28 41.44 58.1
Cash, $m
Cash, $m Operating cash flow 1,688 1,464 1,931 2,310 2,071 2,280 1,433 1,559 1,483 3,392 3,038 +8.1%
Capex (765) (722) (969) (1,224) (937) (806) (917) (912) (1,405) (2,180) (2,150) +12.3%
Free cash flow 923 741 963 1,086 1,134 1,474 516 647 78 1,212 888 +3.1%
Balance, $m
Balance, $m Working capital 1,730 1,481 1,452 1,539 2,016 2,016 2,083 1,564 2,722 3,375 3,590 +7.7%
Net debt 5,423 6,251 5,778 9,912 9,180 7,903 7,527 2,747 12,740 12,881 13,326 +10.1%
Shareholders’ equity 9,830 10,386 11,482 11,684 10,648 11,690 11,420 6,174 17,387 18,354 18,014 +7.2%
Returns, %
Returns, % ROA (1.64) 2.94 7.56 3.11 (2.34) 2.89 7.28 3.98 1.10 1.57 1.04 +3.2 pt
ROIC 1.76 2.94 4.30 4.32 (0.81) 4.09 0.00 9.61 2.09 3.44 2.87 +1.7 pt
ROE (3.67) 7.01 17.43 7.45 (6.19) 7.51 0.00 10.14 2.71 3.91 2.59 +7.6 pt
People
People Employees 39,000 44,800 45,100 51,100 49,300 49,900 50,500 56,100 100,000 97,000 — +10.7%
Revenue/emp, $m 0.36 0.33 0.36 0.36 0.36 0.38 0.00 0.00 0.21 0.32 — (1.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Smurfit Westrock makes paper-based packaging for companies that need to ship, protect, display and sell their products. It was created in July 2024 through the combination of Smurfit Kappa and WestRock. Its global headquarters are in Dublin, Ireland, and Anthony Smurfit is its President and Group Chief Executive Officer.

The company makes corrugated containers, the boxes commonly used to transport goods, as well as folding cartons and other consumer packaging used on retail shelves. Its products serve food, beverage, household goods, industrial and healthcare markets. It also makes paper sacks, solidboard packaging and bag-in-box packaging, in which a flexible bag holding liquid is generally placed inside a corrugated container.

Smurfit Westrock PLC vs peers in Packaging & Containers (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SW Smurfit Westrock PLC $23.3B 49.6× 29.4× +1.97% (above 0%: growing) −11.85% (below 0%: shrinking) −29.37% (below 0%: shrinking) 17.64% 5.97%
PKG Packaging Corporation of America $22.2B 30.4× 26.2× +12.46% (above 0%: growing) +16.67% (above 0%: growing) +5.30% (above 0%: growing) 23.21% 14.81% Compare
AMCR Amcor PLC $21.2B 19.4× 15.8× +25.90% (above 0%: growing) n/m +54.49% (above 0%: growing) 20.90% 10.10% Compare
IP International Paper Company $18.1B — (loss-making) — (loss-making) −0.40% (below 0%: shrinking) n/m −218.18% (below 0%: shrinking) 31.21% 4.70% Compare
BALL Ball Corporation $17.4B 33.6× 19.0× +23.94% (above 0%: growing) n/m −87.55% (below 0%: shrinking) 16.93% (1.84%) Compare
AVY Avery Dennison Corporation $14.3B 20.5× 19.2× +5.24% (above 0%: growing) +5.16% (above 0%: growing) −9.96% (below 0%: shrinking) 28.08% 11.69% Compare
CCK Crown Holdings, Inc. $13.2B 16.9× 16.3× +15.90% (above 0%: growing) +12.37% (above 0%: growing) −39.10% (below 0%: shrinking) 16.41% 11.91% Compare
REYN Reynolds Consumer Products Inc. $5.2B 16.0× 14.6× +1.40% (above 0%: growing) −27.61% (below 0%: shrinking) −81.25% (below 0%: shrinking) 25.00% 10.38% Compare
SON Sonoco Products Company $5.1B — (loss-making) — (loss-making) −4.20% (below 0%: shrinking) n/m +1.80% (above 0%: growing) 19.85% (31.25%) Compare
Median of peers $15.9B 20.0× 17.7× +8.85% +8.77% −24.53% 22.06% 10.24%

All 23 Packaging & Containers stocks →

Smurfit Westrock PLC (SW) Latest News

4 Nov

Impact 3 · · MT Newswires
Impact 3 · · packagingdive.com

31 Oct

Impact 3 · · Trefis

29 Oct

Impact 4 · · Trefis
Impact 4 · · Simply Wall St.

28 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · packagingdive.com
Impact 4 · · InvestorsHub
Impact 4 · · Zacks
Impact 4 · · TIKR
Impact 4 · · Business Wire
Impact 3 · · Moby transcript
Impact 3 · · Associated Press
Impact 3 · · MarketBeat
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Zacks

26 Oct

Impact 4 · · Barchart
Impact 3 · · Zacks

21 Oct

Impact 3 · · Business Wire

9 Oct

Impact 3 · · NYSE

29 Sep

Impact 4 ·

28 Sep

Impact 4 · · Barchart

25 Sep

Impact 4 · · packaging-gateway.com

24 Sep

Impact 4 · · Zacks

23 Sep

Impact 4 · · Business Wire
Impact 3 · · 24/7 Wall St.

10 Sep

Impact 3 · · packagingdive.com

8 Sep

Impact 4 · · packaging-gateway.com

11 Aug

Impact 3 · · packagingdive.com

SW metrics, ten years each

stockrow.com/SW · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com