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Smurfit Westrock (SW) stock

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NYSE: SW NYSE Paper & Plastic Packaging Products & Materials Next results ~February 10, 2027

D Fundamentals grade

Smurfit Westrock is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($8.39) was left out of our combined valuation (it is 0.20x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($8.39) was left out of our combined valuation (it is 0.20x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating. We'll show the comparison once resolved.

Smurfit Westrock valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Smurfit Westrock files

Where Smurfit Westrock stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $31.3bn, up 1.7% on a year earlier, slower than 20.9% a quarter earlier. That puts it 775 of 931 for growth among all the companies we cover. Free-cash-flow margin rose to 3.2% from 0.3% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $-11.17 a share, against a share price of $41.26.

Our model value for Smurfit Westrock is under review, so past values are not shown until it is resolved.

Source: 10-Q filed July 31, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 10, 2027 (estimated)

Smurfit Westrock's trailing-twelve-month revenue grew 1.7% year on year, with a free-cash-flow margin of 3.2%. Where it lags: change in growth rate of -19.2pp ranks 11 of 11 paper & plastic packaging products & materials companies we cover.

Our discounted-cash-flow model values the business at ~$8.4 per share in the base case (—–$20 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1094.1% while net income grew 41.2%: a 1053pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Smurfit Westrock's latest figures clears our strength thresholds.

Things to watch

  • Growth slowing. The growth rate is 19.2 points lower than a quarter earlier.
  • High earnings multiple. The shares trade at 46 times the last 12 months' earnings, so expectations are demanding.
  • Below peers: days sales outstanding. Days sales outstanding of 57 days ranks 8 of 9 paper & plastic packaging products & materials companies we cover (median 55 days).
  • Below peers: gross margin. Gross margin of 17.9% ranks 8 of 10 paper & plastic packaging products & materials companies we cover (median 20.1%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results: FY2026 Q2

Filed July 31, 2026
Earnings per share
$0.45 against an average estimate of $0.57: missed by 21.6%
Revenue
$8.03bn, up 1.1% on a year earlier
Share reaction
0.0% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
adjusted EBITDA $1.3bn (third quarter); adjusted EBITDA $4.9bn to $5.1bn (full year)
Next report
October 28, 2026; average EPS estimate $0.51

Smurfit Westrock's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.7%
  • 1 week+2.7%
  • 1 month+2.0%
  • This year+15.6%
  • 1 year+21.0%
  • 5 years-4.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$31.3B
Operating margin
4.7%
Net margin
1.6%
EPS (TTM, diluted)
$0.94

Growth

Revenue growth
+1.7%
Change in growth rate
−19.2 pts

Cash

Free cash flow (TTM)
$1B
FCF margin
3.2%
Stock pay % of revenue
0.4%

Earnings

Last results
October 28, 2026
Next results (est.)
February 10, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results
  3. Deal
  4. Announcement
  5. Results
  6. Guidance
  7. Results
  8. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Smurfit Westrock valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($8.39) was left out of our combined valuation (it is 0.20x the share price, outside the 0.2-5x range we accept), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Smurfit Westrock's free cash flow after stock-based pay ( $1B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Smurfit Westrock as an operating company, with every model that fits that kind of business. Cost of equity 9.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.96 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$8.4 Left out: out of range vs price (0.19x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$40 ~$33–$53 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.9 ~$9.0–$11 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Smurfit Westrock with Paper & Plastic Packaging Products & Materials in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2022202320242025Now
Share price$32.42$36.99$50.91$37.56$43.40
Market value$8.5bn$9.6bn$19.8bn$19.8bn$22.9bn
+ Net debt (− = net cash)−$841m$2.7bn$12.7bn$12.9bn$13.5bn
Enterprise value$7.6bn$12.4bn$32.5bn$32.6bn$36.4bn
Multiples
Price / sales 0.6x0.8x0.9x0.6x0.7x
Price / earnings 8.2x11.7x62.1x28.3x46.0x
Price / free cash flow 16.8x15.3xn/m16.5x22.5x
EV / EBITDA 3.6x6.3x13.2x7.6x8.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.47 +10% $32.2bn +3%
Next $3.30 +62% $34.4bn +7%

Next year's EPS estimate has moved −1.2% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −26.3% on 90 days ago. In the last 30 days, 2 analysts raised Smurfit Westrock's forecast and 3 cut it.

Consensus EPS forecast Smurfit Westrock, last 90 days
$1.00 $2.00 $3.00 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.99 Current fiscal year, 60 days ago: $1.87 Current fiscal year, 30 days ago: $1.81 Current fiscal year, 7 days ago: $1.72 Current fiscal year, Now: $1.47 $1.47 Next fiscal year, 90 days ago: $3.34 Next fiscal year, 60 days ago: $3.40 Next fiscal year, 30 days ago: $3.43 Next fiscal year, 7 days ago: $3.55 Next fiscal year, Now: $3.30 $3.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.99$3.34
60 days ago $1.87$3.40
30 days ago $1.81$3.43
7 days ago $1.72$3.55
Now $1.47$3.30

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.57 $0.45 −21.6%
Jun 2026 $0.42 $0.35 −16.9%
Mar 2026 $0.40 $0.33 −17.3%
Dec 2025 $0.49 $0.28 −43.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 29, 2026
  • Adjusted EBITDA full year $4.9bn to $5.1bn Non-GAAP
    “With input costs remaining elevated, especially freight, we currently expect third quarter Adjusted EBITDA 2 to be approximately $1.3 billion and for the full year Adjusted EBITDA 2 we expect to be in the range of $4.9 billion to $5.1 billion with good momentum through the latter half of 2026 and beyond.” source
  • Adjusted EBITDA third quarter about $1.3bn Non-GAAP
    “With input costs remaining elevated, especially freight, we currently expect third quarter Adjusted EBITDA 2 to be approximately $1.3 billion and for the full year Adjusted EBITDA 2 we expect to be in the range of $4.9 billion to $5.1 billion with good momentum through the latter half of 2026 and beyond.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Smurfit Westrock's revenue by +4.9% next year and +3.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+6.3%, weight 66%) and the company's own record (+2.0%, weight 34%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy16100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202651116
  2. Sep 202651217
  3. Aug 202651217
  4. Jul 202651217

Counts of recommendations published by analysts covering Smurfit Westrock, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.1%
of tradable shares
Days to cover
5.42
at average volume
Short interest, 1 month
−3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
97,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +21.0%

$35.86 on October 31, 2025 to $43.40

ThenNowEffect
Revenue (last 12 months) $30.8bn $31.3bn +1.7%
Net margin 1.1% 1.6% +38.8%
P/E multiple 52.9x 46.0x −13.0%
Share count 519m 527m −1.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SW+17%−28%+14%+38%−26%+16%
Industry peers (median)+4%−15%−5%−6%−6%−4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SW67%42%58%58%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SW−18%−54%−30%−23%−40%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 55% from August 18, 2021 to October 7, 2022. Getting back needed a 120% gain, reached on November 7, 2024, 762 days after the low.

Price behaviour

52-week range
$31.85 – $50.79
From 52-week high
−14.6%
vs 50-day average
−1.1%
vs 200-day average
+1.1%
Volatility (1 year)
42%
Beta vs S&P 500
1.33

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 7 down
typical move ±6.8%
After a week
4 up, 5 down
typical move ±9.3%
After a month
3 up, 6 down
typical move ±9.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 0.0% 0.0% — —
July 29, 2026 −6.5% +0.1% −4.6% −3.4%
April 30, 2026 −0.6% +1.3% +4.9% +5.1%
February 11, 2026 +12.4% −1.6% +9.8% −12.3%
October 29, 2025 −16.4% −1.1% −16.3% −17.2%
July 30, 2025 −7.9% −0.5% −11.6% −2.8%
May 1, 2025 −1.8% +2.2% −0.8% +2.4%
February 12, 2025 +1.9% +0.7% +1.7% −16.8%
October 30, 2024 +15.2% −2.3% +19.0% +23.8%
July 30, 2024 −5.7% +1.1% −15.2% −0.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Smurfit Westrock in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Smurfit Westrock
$10B $15B $20B $25B $30B $35B FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue (TTM), FY24 Q2: $11.7B Revenue (TTM), FY24 Q3: $16.4B Revenue (TTM), FY24 Q4: $21.1B Revenue (TTM), FY25 Q1: $25.8B Revenue (TTM), FY25 Q2: $30.8B Revenue (TTM), FY25 Q3: $31.1B Revenue (TTM), FY25 Q4: $31.2B Revenue (TTM), FY26 Q1: $31.2B Revenue (TTM), FY26 Q2: $31.3B $31.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $11.7B
FY24 Q3 $16.4B
FY24 Q4 $21.1B
FY25 Q1 $25.8B
FY25 Q2 $30.8B
FY25 Q3 $31.1B
FY25 Q4 $31.2B
FY26 Q1 $31.2B
FY26 Q2 $31.3B
Revenue growth, TTM YoY Smurfit Westrock
0% 50% 100% 150% 200% FY25 Q2 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 Revenue growth, TTM YoY, FY25 Q2: 163.8% Revenue growth, TTM YoY, FY25 Q3: 89.5% Revenue growth, TTM YoY, FY25 Q4: 47.7% Revenue growth, TTM YoY, FY26 Q1: 20.9% Revenue growth, TTM YoY, FY26 Q2: 1.7% 1.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY25 Q2 163.8%
FY25 Q3 89.5%
FY25 Q4 47.7%
FY26 Q1 20.9%
FY26 Q2 1.7%
Operating margin (TTM) Smurfit Westrock
4% 6% 8% 10% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Operating margin (TTM), FY24 Q2: 9.3% Operating margin (TTM), FY24 Q3: 4.8% Operating margin (TTM), FY24 Q4: 4.8% Operating margin (TTM), FY25 Q1: 4.8% Operating margin (TTM), FY25 Q2: 4.1% Operating margin (TTM), FY25 Q3: 5.6% Operating margin (TTM), FY25 Q4: 5.5% Operating margin (TTM), FY26 Q1: 4.5% Operating margin (TTM), FY26 Q2: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 9.3%
FY24 Q3 4.8%
FY24 Q4 4.8%
FY25 Q1 4.8%
FY25 Q2 4.1%
FY25 Q3 5.6%
FY25 Q4 5.5%
FY26 Q1 4.5%
FY26 Q2 4.7%
FCF margin (TTM) Smurfit Westrock
-2% 0% 2% 4% FY24 Q3 FY25 Q1 FY25 Q3 FY26 Q2 FCF margin (TTM), FY24 Q3: 0.9% FCF margin (TTM), FY24 Q4: 0.1% FCF margin (TTM), FY25 Q1: -0.2% FCF margin (TTM), FY25 Q2: 0.3% FCF margin (TTM), FY25 Q3: 2.6% FCF margin (TTM), FY25 Q4: 3.8% FCF margin (TTM), FY26 Q1: 3.3% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 0.9%
FY24 Q4 0.1%
FY25 Q1 -0.2%
FY25 Q2 0.3%
FY25 Q3 2.6%
FY25 Q4 3.8%
FY26 Q1 3.3%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Smurfit Westrock took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $31.2B
  2. Cost of revenue $25.1B · 80.6%
  3. Gross profit $6B · 19.4%
  4. Selling, general and admin $3.8B · 12.2%
  5. Other operating costs $505M · 1.6%
  6. Operating income $1.7B · 5.5%
  7. Income tax $260M · 0.8%
  8. Interest and other $760M · 2.4%
  9. Net income $699M · 2.2%

Shares of revenue. Source: Smurfit Westrock's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 13.5 12.1 21.1 31.2 31.3
Gross profit 3.3 3.1 4.2 6.0 5.6
EBITDA 2.1 2.0 2.5 4.3 4.2
Operating income 1.6 1.4 1.0 1.7 1.5
Net income 1.0 0.8 0.3 0.7 0.5
Diluted EPS $3.96 $3.17 $0.82 $1.33 $0.94
Growth (year on year)
Revenue — −10.5% +74.6% +47.7% +1.7%
EBITDA — −8.0% +26.6% +72.8% +16.1%
Operating income — −11.9% −26.6% +70.7% +17.2%
Net income — −20.2% −61.3% — —
Diluted EPS — −19.9% −74.1% — —
Margins
Gross margin 24.2% 25.3% 19.9% 19.4% 17.9%
EBITDA margin 15.7% 16.1% 11.7% 13.7% 13.5%
Operating margin 11.5% 11.3% 4.8% 5.5% 4.7%
Net margin 7.7% 6.8% 1.5% 2.2% 1.6%
Free-cash-flow margin 3.7% 5.2% 0.1% 3.8% 3.2%
Cash flow
Cash from operations 1.4 1.6 1.5 3.4 3.3
Capital spending 0.9 0.9 1.5 2.2 2.3
Free cash flow 0.5 0.6 0.0 1.2 1.0
Stock-based pay 0.1 0.1 0.2 0.1 0.1
Free cash flow after stock pay 0.4 0.6 −0.2 1.1 0.9
Balance sheet
Cash 0.8 1.0 0.9 0.9 0.7
Total debt 0.0 3.7 13.6 13.8 14.2
Net debt (negative = net cash) −0.8 2.7 12.7 12.9 13.5
Diluted shares 261m 260m 389m 526m 527m
Returned to shareholders
Dividends 0.3 0.4 0.7 0.9 0.9
Buybacks 0.0 0.0 0.0 0.0 —
Total returned 0.4 0.4 0.7 0.9 0.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $45.2bn
Short-term assets $10.8bnLonger-term assets $34.4bn
What it owes, and who funded it · $45.2bn
Short-term liabilities $7.5bnLonger-term liabilities $19.7bnShareholders' equity $18.0bn
  • Short-term assets cover short-term liabilities $10.8bn of assets due within a year against $7.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $10.8bn short-term assets against $19.7bn of longer-dated liabilities.
  • More cash than debt $677m of cash against $14.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 79% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $3.3bn of operating cash flow against $14.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.5bn against $843m of interest.

From Smurfit Westrock's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$924M
Returned to shareholders
75%
of free cash flow
Buybacks, last 3 fiscal years
$57M
Total shareholder yield
4.1%
dividends 4.1% + buybacks 0.0% of market value
Dividend payout ratio
186%
of net income paid out
Sales & admin spending
12.2%
of revenue
Days sales outstanding
57 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in paper & plastic packaging products & materials
Last 12 months unless stated SW IP AMCR PKG AVY GPK Median
Revenue, last 12 months $31.3bn $24.2bn $23.5bn $9.5bn $9.2bn $8.6bn $8.6bn
Revenue growth, last 12 months 1.7% 25.4% 56.6% 10.3% 5.8% 0.0% 3.6%
Revenue growth, 3-year average — 6.1% 17.0% 5.9% 2.9% −3.7% 6.0%
Revenue growth, latest quarter 1.1% −2.2% 25.9% 14.7% 10.9% −0.7% 1.1%
Gross margin 17.9% 29.8% 20.0% 20.1% 29.0% 15.5% 20.0%
Operating margin 4.7% 11.1% 8.1% 10.9% — 5.8% 4.1%
Operating margin, 3-year average 6.0% 9.9% 7.9% 12.6% — 9.9% 5.7%
Net margin 1.6% −14.2% 4.7% 7.3% 7.6% 2.2% 1.6%
Cash from operations / revenue 10.5% 10.9% 9.2% 17.0% 13.3% 9.2% 9.2%
Free-cash-flow margin 3.2% 2.0% 5.2% 7.8% 11.5% 2.7% 4.8%
Free-cash-flow margin, 3-year average — 2.2% 5.6% 7.8% 9.0% 3.3% 4.6%
Stock pay / revenue 0.4% 0.5% 0.4% 0.5% 0.3% 0.2% 0.4%
Change in share count — 25.4% −2.9% >999% −3.0% −1.8% 0.7%

Median of all 11 companies we cover in paper & plastic packaging products & materials. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

11 paper & plastic packaging products & materials companies
Measure Company Peer median Rank
Revenue growth Growth 1.7% 3.6% 7 of 11
Change in growth rate Growth -19.2pp -1.5pp 11 of 11
Gross margin Profitability 17.9% 20.1% 8 of 10
Operating margin Profitability 4.7% 3.5% 4 of 9
Net margin Profitability 1.6% 1.6% 6 of 11
Free-cash-flow margin Cash generation 3.2% 4.8% 8 of 11
Stock pay as % of revenue Cash generation 0.4% 0.4% 6 of 11
Long-term debt as % of assets Balance sheet 29.3% 36.0% 4 of 11
Days sales outstanding Balance sheet 57 days 55 days 8 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
North America $18.2B 58.4% ▲ 84.0%
Europe Middle East and Africa and Asia Pacific $10.9B 34.8% ▲ 13.6%
Latin America $2.1B 6.7% ▲ 27.1%
Products and services
Line of business Revenue Share YoY
Packaging $25B 80.3% ▲ 45.2%
Paper $6.1B 19.7% ▲ 59.0%
Geography
Region Revenue Share YoY
United States $14.5B 46.4% ▲ 97.9%
Other Europe MEA and APAC $7.2B 23.0% ▲ 15.6%
Other Americas $3.4B 10.8% ▲ 45.1%
Mexico $2.5B 8.1% ▲ 28.6%
Germany $1.9B 6.0% ▲ 9.5%
France $1.5B 5.0% ▲ 8.3%
Ireland $226M 0.7% ▲ 31.4%

From Smurfit Westrock's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$23.2B
Institutions reporting
637
Shares held vs prior quarter
▲ 5.6%
Positions opened / closed
95 / 69

Top buyers and sellers, Q2 2026: 362 institutions bought and 261 sold ; the biggest buyer was Trinity Street Asset Management LLP (+5.3M shares) and the biggest seller Orbis Allan Gray Ltd (−7.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.1B 45.5M 9.1% ▲ 1.5%
Capital Research Global Investors $2B 42.6M 8.5% ▲ 9.4%
Vanguard Capital Management LLC $1.6B 34.2M 6.8% ▲ 0.8%
State Street Corp $1.3B 28.1M 5.6% ▲ 11.1%
Nuveen, LLC $1.1B 24.8M 4.9% ▲ 0.9%
Vanguard Portfolio Management LLC $1.1B 24.4M 4.9% ▲ 0.2%
Capital World Investors $716M 15.5M 3.1% ▲ 24.1%
Causeway Capital Management LLC $696M 15.0M 3.0% ▼ 3.4%
Geode Capital Management, LLC $670M 14.5M 2.9% ▲ 2.0%
Franklin Resources Inc $622M 13.5M 2.7% ▲ 4.0%
Invesco Ltd. $529M 11.4M 2.3% ▲ 7.4%
Ameriprise Financial Inc $460M 9.9M 2.0% ▲ 15.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Smurfit Westrock's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.4M 4 trades by 3 insiders · 0% under pre-set plans
Net ▼ $3.4M net selling
Insider Date Trade Shares Price Value
Smurfit Anthony P J President and Group CEO February 19, 2026 Sell 40,000 $51.54 $2.1M
Bowles Ken Executive VP and Group CFO February 19, 2026 Sell 10,000 $51.26 $512,600
Sellier Laurent See remarks February 18, 2026 Sell 9,877 $50.22 $496,023
Sellier Laurent See remarks February 18, 2026 Sell 5,685 $50.28 $285,842

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Smurfit Westrock shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 18, 2025, filed December 15, 2025
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 1, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 10, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 30, 2026
  • February 11, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Smurfit Westrock was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Smurfit Westrock in brief

What does Smurfit Westrock do?
Smurfit Westrock is a US-listed company in the paper & plastic packaging products & materials industry. Its financial year ends in December.
What is Smurfit Westrock's stock ticker?
Smurfit Westrock trades under the ticker SW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Smurfit Westrock's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Smurfit Westrock reported revenue of $31.3B, 1.7% higher than a year earlier, according to its SEC filings.
What is Smurfit Westrock's free cash flow?
Smurfit Westrock's free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 8 of the 11 paper & plastic packaging products & materials companies we cover.
Who are Smurfit Westrock's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Capital Research Global Investors and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Smurfit Westrock's market cap?
On November 2, 2026, Smurfit Westrock's market capitalisation was about $22.9B, with a price-to-earnings ratio of 46.0 and net debt of $13.5B. Market figures come from third-party market data and may be delayed.
Does Smurfit Westrock pay a dividend?
Yes: Smurfit Westrock paid $924M in dividends over the trailing twelve months, a dividend yield of 4.06% and a payout ratio of 185.9%.
How much debt does Smurfit Westrock have?
Smurfit Westrock's debt-to-equity ratio is 78.5%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Smurfit Westrock's competitors?
In our Paper & Plastic Packaging Products & Materials peer group, the companies closest to Smurfit Westrock are International Paper, Amcor, Packaging Corporation of America, Avery Dennison and Graphic Packaging Holding Co. The side-by-side comparison below sets their revenue, margins and growth against Smurfit Westrock's.
Are insiders buying or selling Smurfit Westrock stock?
Over the last 12 months, Smurfit Westrock's directors and officers reported 0 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is Smurfit Westrock's next earnings date?
Around February 10, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Smurfit Westrock announces its own schedule.