Smurfit Westrock income statement

In fiscal 2025, Smurfit Westrock reported revenue of $31.18bn, up 47.7% on the year before, operating income of $1.72bn (a 5.5% margin) and net income of $699m, or $1.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Smurfit Westrock: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	13.5	12.1	21.1	31.2	31.3
Cost of revenue	10.2	9.0	16.9	25.1	25.7
Gross profit	3.3	3.1	4.2	6.0	5.6
Selling, general and administrative	1.5	1.6	2.7	3.8	3.8
Operating income	1.6	1.4	1.0	1.7	1.5
Interest expense	0.1	0.2	0.5	0.8	0.8
Income before tax	1.4	1.1	0.6	1.0	0.7
Income tax	0.4	0.3	0.2	0.3	0.2
Net income	1.0	0.8	0.3	0.7	0.5
Diluted EPS	$3.96	$3.17	$0.82	$1.33	$0.94
Diluted shares (average)	261m	260m	389m	526m	527m
EBITDA	2.1	2.0	2.5	4.3	4.2

US$ millions unless shown otherwise. Fiscal quarters.

Smurfit Westrock: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	7,671	7,539	7,656	7,940	8,003	7,580	7,712	8,031
Cost of revenue	6,321	6,097	6,079	6,425	6,434	6,198	6,444	6,632
Gross profit	1,350	1,442	1,577	1,515	1,569	1,382	1,268	1,399
Selling, general and administrative	1,007	961	973	963	963	920	961	970
Operating income	55	401	553	251	526	389	253	309
Interest expense	209	204	195	208	204	233	198	208
Income before tax	−117	223	390	58	336	175	84	128
Income tax	33	77	8	84	91	77	21	40
Net income	−150	146	384	−28	246	97	65	89
Diluted EPS	−$0.30	$0.32	$0.73	−$0.05	$0.47	$0.19	$0.12	$0.17
EBITDA	619	993	1,156	864	1,185	1,064	981	987

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Smurfit Westrock's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Smurfit Westrock.