SW
Smurfit WestRock plc
NYSE: SW · CONSUMER CYCLICAL · PACKAGING & CONTAINERS
$39.68
-2.17% today
Updated 2026-04-29
Market cap
$20.80B
P/E ratio
29.83
P/S ratio
0.67x
EPS (TTM)
$1.33
Dividend yield
4.25%
52W range
$32 – $52
Volume
5.6M
Smurfit WestRock plc (SW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.20B | $10.60B | $9.83B | $8.68B | $8.88B | $9.54B | $9.70B | $10.99B | $9.83B | $8.87B | $8.58B | $10.27B | $10.23B | $9.05B | $8.53B | $10.48B | $12.62B | $10.95B | $20.38B | $28.27B |
| Revenue growth (YoY) | — | +15.3% | -7.3% | -11.7% | +2.3% | +7.4% | +1.7% | +13.3% | -10.5% | -9.8% | -3.2% | +19.7% | -0.4% | -11.6% | -5.7% | +22.9% | +20.3% | -13.2% | +86.0% | +38.7% |
| Cost of revenue | $6.65B | $7.64B | $7.37B | $6.31B | $6.42B | $6.88B | $6.93B | $7.81B | $6.93B | $6.21B | $5.98B | $7.21B | $6.85B | $6.04B | $5.66B | $8.13B | $9.56B | $8.19B | $16.33B | $22.78B |
| Gross profit | $2.55B | $2.96B | $2.46B | $2.37B | $2.46B | $2.66B | $2.77B | $3.17B | $2.90B | $2.66B | $2.60B | $3.06B | $3.38B | $3.00B | $2.87B | $2.35B | $3.06B | $2.77B | $4.05B | $5.49B |
| Gross margin | 27.7% | 27.9% | 25.0% | 27.3% | 27.7% | 27.9% | 28.6% | 28.9% | 29.5% | 30.0% | 30.3% | 29.8% | 33.1% | 33.2% | 33.7% | 22.4% | 24.2% | 25.3% | 19.9% | 19.4% |
| R&D | $2.85M | $3.87M | $4.18M | $2.87M | $3.99M | $3.89M | — | — | — | — | — | — | — | $8.00M | $8.00M | — | — | — | — | — |
| SG&A | — | — | — | — | — | $1.16B | $1.24B | $1.40B | $1.27B | $1.11B | $1.05B | $1.29B | $1.31B | $1.21B | $1.23B | $1.35B | $1.44B | $1.61B | $2.79B | $3.82B |
| Operating income | $303.87M | $819.42M | $392.57M | $382.54M | $543.96M | $764.69M | $833.18M | $887.90M | $803.78M | $777.34M | $857.14M | $956.16M | $1.19B | $884.00M | $891.00M | $1.10B | $1.46B | $1.24B | $972.06M | $1.60B |
| Operating margin | 3.3% | 7.7% | 4.0% | 4.4% | 6.1% | 8.0% | 8.6% | 8.1% | 8.2% | 8.8% | 10.0% | 9.3% | 11.6% | 9.8% | 10.4% | 10.5% | 11.5% | 11.3% | 4.8% | 5.7% |
| EBITDA | $852.72M | $908.07M | $959.16M | $912.66M | $1.07B | $1.36B | $1.27B | $1.26B | $1.12B | $1.24B | $1.30B | $1.41B | $225.35M | $1.49B | $1.37B | $1.57B | $2.13B | $1.79B | $2.74B | $3.91B |
| EBITDA margin | 9.3% | 8.6% | 9.8% | 10.5% | 12.1% | 14.2% | 13.1% | 11.4% | 11.4% | 14.0% | 15.2% | 13.7% | 2.2% | 16.4% | 16.0% | 15.0% | 16.9% | 16.4% | 13.5% | 13.8% |
| EBIT | $459.55M | $530.66M | $416.24M | $336.70M | $554.60M | $868.38M | $804.08M | $741.53M | $678.53M | $828.72M | $883.43M | $927.37M | $-253.95M | $1.04B | $910.00M | $1.08B | $1.61B | $1.27B | $1.33B | $1.60B |
| Interest expense | $406.66M | $311.43M | $300.25M | $251.07M | $283.28M | $286.84M | $252.42M | $215.00M | $179.30M | $139.43M | $195.62M | $236.34M | $168.36M | $167.59M | $119.11M | $126.14M | $146.50M | $154.48M | $506.99M | $704.65M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-224.54M | $214.57M | $-69.60M | $-174.80M | $66.50M | $267.00M | $317.40M | $259.60M | $241.00M | $400.00M | $466.96M | $417.00M | $-646.00M | $476.00M | $545.00M | $704.64M | $965.65M | $747.28M | $307.93M | $659.72M |
| Net income growth (YoY) | — | +195.6% | -132.4% | -151.1% | +138.0% | +301.5% | +18.9% | -18.2% | -7.2% | +66.0% | +16.7% | -10.7% | -254.9% | +173.7% | +14.5% | +29.3% | +37.0% | -22.6% | -58.8% | +114.2% |
| Profit margin | -2.4% | 2.0% | -0.7% | -2.0% | 0.7% | 2.8% | 3.3% | 2.4% | 2.5% | 4.5% | 5.4% | 4.1% | -6.3% | 5.3% | 6.4% | 6.7% | 7.7% | 6.8% | 1.5% | 2.3% |