Smurfit Westrock (SW) financials
Smurfit Westrock revenue and earnings by year
Smurfit Westrock's revenue was $31.2 billion in the fiscal year to December 31, 2025, up 47.7% from the year before. Net income was $699 million, 2.2% of revenue. Since the fiscal year to December 31, 2021, revenue has grown 27.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 5 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
| Revenue | 31.2 | 21.1 | 12.1 | 13.5 | 11.9 |
| Revenue growth | 47.7% | 74.6% | -10.5% | 13.2% | — |
| Gross profit | 6.0 | 4.2 | 3.1 | 3.3 | 2.7 |
| Gross margin | 19.4% | 19.9% | 25.3% | 24.2% | 22.4% |
| Operating income | 1.7 | 1.0 | 1.4 | 1.6 | 1.3 |
| Operating margin | 5.5% | 4.8% | 11.3% | 11.5% | 10.5% |
| Net income | 0.7 | 0.3 | 0.8 | 1.0 | 0.8 |
| Net margin | 2.2% | 1.5% | 6.8% | 7.7% | 6.7% |
| Diluted EPS | $1.33 | $0.82 | — | — | — |
| Free cash flow | 1.2 | 0.1 | 0.6 | 0.5 | 0.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SW in Markets.
How Smurfit Westrock makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Packaging | $6.45B | 80.3% |
| Paper | $1.58B | 19.7% |
See also: SW valuation and P/E history · SW returns
No forecast, no recommendation. This page describes Smurfit Westrock from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.