Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 1.15%, EPS grew 440.0%, free cash flow was flat and total debt fell 1.39%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
41.16
0.08
−0.19%
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| Sep '18 | Sep '19 | Sep '20 | Sep '21 | Sep '22 | Dec '22 | Sep '23 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 5 | 4 | 7 | 8 | — | — | — | — | 6 |
P/E ratio |
5.56 | 8.95 | 0.00 | 16.38 | 8.18 | 12.14 | 0.00 | 0.00 | 43.88 | 28.64 |
Altman Z-Score |
1.40 | 1.17 | 1.05 | 1.41 | 1.37 | — | 0.95 | 2.47 | 1.20 | 1.44 |
P/S ratio |
0.64 | 0.42 | 0.58 | 0.72 | 0.36 | 0.46 | 0.47 | 0.56 | 0.98 | 0.65 |
Altman Z″-Score (non-manufacturers) |
1.76 | 1.55 | 1.13 | 1.62 | 1.75 | — | 0.77 | 3.03 | 1.47 | 1.66 |
P/FCF ratio |
10.37 | 6.64 | 8.46 | 6.69 | 5.99 | 8.26 | 11.59 | 20.97 | 266.54 | 16.65 |
Beneish M-Score |
(2.50) | (2.68) | (2.93) | (2.44) | (2.65) | — | — | — | (1.46) | (2.63) |
P/Operating CF |
13.13 | 8.42 | 13.88 | 20.01 | 14.31 | 36.52 | 8.96 | (15.05) | 26.62 | 16.89 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 28 |
P/B ratio |
0.91 | 0.66 | 0.95 | 1.16 | 0.68 | 0.84 | 0.84 | 1.64 | 1.20 | 1.10 |
Price to Tangible BV |
3.75 | 22.61 | 9.97 | 5.62 | 2.97 | 3.70 | 2.60 | 3.25 | 2.20 | 2.00 |
EV/Sales |
1.00 | 0.96 | 1.10 | 1.14 | 0.72 | 0.88 | 0.92 | 0.72 | 1.59 | 1.06 |
EV/EBITDA |
2.60 | 2.49 | 2.87 | 3.11 | 2.04 | 2.51 | 3.78 | 0.00 | 13.57 | 7.75 |
EV/Operating CF |
7.45 | 6.73 | 7.73 | 7.15 | 6.71 | 8.21 | 6.79 | 8.48 | 22.61 | 9.75 |
EV/FCF |
16.10 | 15.22 | 16.12 | 10.60 | 11.81 | 15.95 | 22.76 | 26.66 | 429.87 | 27.28 |
Quick Ratio |
0.79 | 0.68 | 0.82 | 0.79 | 0.75 | — | 0.61 | 0.93 | 0.68 | 0.73 |
Current Ratio |
1.44 | 1.45 | 1.69 | 1.55 | 1.53 | — | 1.42 | 1.52 | 1.37 | 1.48 |
Net Debt/EBITDA |
2.37 | 3.30 | 3.58 | 2.88 | 2.67 | 0.00 | 337.06 | 1.41 | 5.16 | 3.02 |
Debt/Assets |
25.30% | 33.37% | 32.77% | 28.01% | 27.41% | 0.00% | 31.28% | 26.67% | 31.07% | 30.50% |
Debt/Equity |
0.56 | 0.86 | 0.89 | 0.70 | 0.68 | — | 0.85 | 0.61 | 0.78 | 0.75 |
Asset Turnover |
0.65 | 0.66 | 0.60 | 0.65 | 0.74 | 0.95 | 0.73 | 0.58 | 0.73 | 0.70 |
Operating CF/Net income |
1.01 | 2.68 | (3.00) | 2.72 | 2.14 | 1.39 | (1.11) | 1.89 | 4.65 | 4.85 |
Capex/Depreciation |
(0.77) | (0.81) | (0.33) | (0.55) | (0.56) | (1.59) | (0.73) | (1.57) | (0.96) | (0.85) |
Interest Coverage |
4.04 | 3.46 | (0.65) | 3.44 | 4.16 | 11.21 | (3.62) | 9.87 | 2.53 | 2.36 |
| 17.43% | 7.45% | (6.19%) | 7.51% | 8.17% | 0.00% | (15.33%) | 10.14% | 2.71% | 3.91% | |
| 7.56% | 3.11% | (2.34%) | 2.89% | 3.28% | 7.28% | (5.91%) | 3.98% | 1.10% | 1.57% | |
ROIC |
4.30% | 4.32% | (0.81%) | 4.09% | 4.38% | 0.00% | (5.17%) | 9.61% | 2.09% | 3.44% |
Return on Tangible Assets |
18.09% | 6.78% | (5.40%) | 6.66% | 7.77% | 0.00% | (12.55%) | 11.22% | 1.26% | 2.63% |
Average Days of Receivables |
45.07 | 43.77 | 44.49 | 50.37 | 46.09 | 0.00 | 46.58 | 54.51 | 71.19 | 49.96 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
11.32% | 11.57% | 11.52% | 11.29% | 10.74% | 11.42% | 11.60% | 13.00% | 12.97% | 12.25% |
Intangible Assets out of Total Assets |
0.34 | 0.38 | 0.33 | 0.32 | 0.31 | 0.00 | 0.25 | 0.22 | 0.18 | 0.18 |
Share Based Compensation of Revenue |
0.41% | 0.35% | 0.74% | 0.47% | 0.44% | 0.50% | 0.32% | 0.55% | 0.98% | 0.45% |
Graham Net Nets |
(0.87) | (1.76) | (1.30) | (0.88) | (1.42) | (1.15) | (1.22) | (0.33) | (0.78) | (0.81) |
Graham Number |
86.21 | 58.50 | 0.00 | 55.63 | 60.03 | 56.61 | 0.00 | 0.00 | 35.27 | 32.68 |
Earnings Yield |
17.98% | 11.18% | (6.79%) | 6.10% | 12.22% | 8.23% | (18.19%) | (15.89%) | 2.28% | 3.49% |
Free Cash Flow Yield |
9.64% | 15.06% | 11.81% | 14.94% | 16.71% | 12.11% | 8.63% | 4.77% | 0.38% | 6.00% |
Revenue per Share |
63.74 | 71.27 | 67.82 | 70.69 | 81.91 | 52.36 | 79.37 | 46.87 | 54.69 | 59.73 |
Operating CF per Share |
7.56 | 9.00 | 7.99 | 8.60 | 7.79 | 5.55 | 7.14 | 6.04 | 3.84 | 6.50 |
Capex per Share |
(3.79) | (4.77) | (3.61) | (3.04) | (3.21) | (3.55) | (4.36) | (3.53) | (3.64) | (4.18) |
Free Cash Flow per Share |
3.77 | 4.23 | 4.38 | 5.56 | 4.58 | 2.00 | 2.78 | 2.51 | 0.20 | 2.32 |
Cash per Share |
2.49 | 0.59 | 0.97 | 1.10 | 1.00 | 0.00 | 1.54 | 3.88 | 2.22 | 1.71 |
Shareholders Equity per Share |
44.94 | 45.53 | 41.08 | 44.08 | 44.01 | 0.00 | 39.46 | 23.93 | 45.04 | 35.16 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
44.94 | 45.53 | 41.08 | 44.08 | 44.01 | 0.00 | 39.46 | 23.93 | 45.04 | 35.16 |
Free Cash Flow |
962.50 | 1,085.70 | 1,134.10 | 1,473.90 | 1,187.70 | 516.00 | 712.60 | 647.00 | 78.00 | 1,212.00 |
Working Capital |
1,451.80 | 1,539.20 | 2,015.80 | 2,015.50 | 2,082.60 | — | 2,073.70 | 1,564.00 | 2,722.00 | 3,375.00 |
Capital Expenditures |
(968.70) | (1,224.50) | (936.60) | (806.00) | (832.70) | (917.00) | (1,115.30) | (912.00) | (1,405.00) | (2,180.00) |
Net Current Asset Value |
(9,093.00) | (13,498.20) | (13,187.50) | (11,904.70) | (11,000.40) | — | (10,352.90) | (3,307.00) | (16,317.00) | (16,364.00) |
EV/EBIT |
13.67 | 11.76 | 0.00 | 16.75 | 11.50 | 15.32 | 0.00 | 0.00 | 33.30 | 19.24 |
Capex to Sales |
0.06 | 0.07 | 0.05 | 0.04 | 0.04 | 0.07 | 0.05 | 0.08 | 0.07 | 0.07 |
Price to Operating Income |
2.09 | 1.38 | 2.59 | 2.49 | 1.29 | 1.62 | 2.33 | 0.00 | 20.65 | 11.74 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.14 | 0.26 | 0.14 | 0.15 | 0.00 | 0.14 | 0.10 | 0.06 | 0.11 |
Cash ROIC |
5.19% | 4.96% | 5.58% | 7.31% | 6.10% | 0.00% | 3.74% | 5.92% | 0.24% | 3.67% |
Accounts Receivable Turnover |
8.36 | 8.70 | 8.11 | 7.93 | 8.07 | 0.00 | 7.70 | 5.50 | 7.13 | 7.44 |
Accounts Payable Turnover |
8.05 | 8.19 | 8.20 | 8.07 | 7.88 | 0.00 | 7.64 | 4.69 | 6.74 | 7.30 |
Inventory Turnover |
7.13 | 7.39 | 6.96 | 7.30 | 7.68 | 0.00 | 7.20 | 5.11 | 7.12 | 6.94 |
Average Days of Payables |
48.49 | 45.98 | 42.49 | 50.59 | 47.69 | 0.00 | 46.35 | 69.78 | 71.00 | 52.23 |
Days of Inventory on Hand |
51.68 | 52.90 | 51.35 | 51.78 | 49.06 | 0.00 | 50.88 | 48.58 | 76.61 | 53.63 |
Average Receivables |
1,948.75 | 2,101.95 | 2,167.95 | 2,364.80 | 2,635.40 | — | 2,637.90 | 2,198.95 | 2,961.50 | 4,192.50 |
Average Payables |
1,604.45 | 1,774.30 | 1,753.00 | 1,898.95 | 2,187.90 | — | 2,188.00 | 1,925.95 | 2,509.00 | 3,443.50 |
Average Inventory |
1,813.45 | 1,968.55 | 2,065.45 | 2,098.35 | 2,245.20 | — | 2,324.30 | 1,767.25 | 2,376.50 | 3,621.50 |
Average Assets |
25,224.75 | 27,758.60 | 29,468.20 | 29,017.00 | 28,829.90 | 14,202.75 | 27,924.60 | 20,747.35 | 28,905.00 | 44,458.00 |
Average Common Equity |
10,934.25 | 11,583.30 | 11,165.85 | 11,168.75 | 11,554.85 | — | 10,758.70 | 8,135.85 | 11,780.50 | 17,870.50 |
Columns are period end dates · fundamentals updated 28 Sep 2026