Smurfit Westrock plc SW

Basic materials SIC 2650 - Paperboard Containers & Boxes NAICS Manufacturing › Paper Manufacturing › Converted Paper Product Manufacturing › Paperboard Container Manufacturing derived NYSE

Last close 41.85 2026-10-23
Market cap $21.95B 2026-06-30 share count
52-week range 32.73 - 52.65

Valuation FY2025 figures against the last close

P/S0.7x
P/E31.5x
P/FCF18.3x
EV/EBITDA8.1x
Dividend yield4.1%
Diluted EPS1.33

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Other Europe, MEA and APAC
  • Other Americas
  • Mexico
  • Germany
  • France
  • Other
Revenue by geography, 7 categories over 2 years. The same figures are in the table below. FY2025 U.S., FY2025: 14.5B (46.4%) 46% U.S. Other Europe, MEA and APAC, FY2025: 7.2B (23.0%) 23% Other Europe, MEA and APAC Other Americas, FY2025: 3.4B (10.8%) 11% Other Americas Mexico, FY2025: 2.5B (8.1%) 8% Mexico Germany, FY2025: 1.9B (6.0%) 6% Germany France, FY2025: 1.5B (5.0%) 5% France Other, FY2025: 226M (0.7%) FY2024 U.S., FY2024: 7.3B (34.6%) 35% Other Europe, MEA and APAC, FY2024: 6.2B (29.4%) 29% Other Americas, FY2024: 2.3B (11.0%) 11% Mexico, FY2024: 2B (9.3%) 9% Germany, FY2024: 1.7B (8.1%) 8% France, FY2024: 1.4B (6.8%) 7% Other, FY2024: 172M (0.8%)
Region FY2025FY2024
U.S. $14.47B $7.31B
Other Europe, MEA and APAC $7.17B $6.20B
Other Americas $3.38B $2.33B
Mexico $2.52B $1.96B
Germany $1.87B $1.71B
France $1.55B $1.43B
Other $226.0M $172.0M

As the company reported it, from the “Segment Information - Sales by Country (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • North America
  • Europe, MEA and APAC
  • Latam
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 18.2B (58.4%) 58% North America Europe, MEA and APAC, FY2025: 10.9B (34.8%) 35% Europe, MEA and APAC Latam, FY2025: 2.1B (6.7%) 7% Latam FY2024 North America, FY2024: 9.9B (46.9%) 47% Europe, MEA and APAC, FY2024: 9.6B (45.3%) 45% Latam, FY2024: 1.7B (7.8%) 8% FY2023 North America, FY2023: 1.6B (13.4%) 13% Europe, MEA and APAC, FY2023: 9.2B (75.9%) 76% Latam, FY2023: 1.3B (10.6%) 11%
Segment FY2025FY2024FY2023
North America $18.22B $9.90B $1.62B
Europe, MEA and APAC $10.86B $9.56B $9.18B
Latam $2.10B $1.65B $1.29B

As the company reported it, from the “Revenue Recognition - Schedule of disaggregated revenue with unaffiliated customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $31.18B$21.11B$12.09B$13.51B—
Cost of revenue $25.14B$16.91B$9.04B$10.24B—
Gross profit $6.04B$4.20B$3.05B$3.27B—
SG&A $3.82B$2.74B$1.57B$1.54B—
Operating income $1.72B$1.01B$1.37B$1.56B—
Interest expense $840.0M$525.0M$170.0M$148.0M—
Pre-tax income $959.0M$560.0M$1.14B$1.43B—
Income tax $260.0M$241.0M$312.0M$391.0M—
Net income $699.0M$319.0M$825.0M$1.03B—
EPS, basic 1.340.833.194.00—
EPS, diluted 1.330.823.173.96—
Shares, diluted (wtd. avg.) 526.0M389.0M260.0M261.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $892.0M$855.0M$1.00B$841.0M$985.0M
Receivables $4.27B$4.12B$1.81B——
Inventory $3.69B$3.55B$1.20B——
Total current assets $10.44B$10.05B$4.57B——
Goodwill $7.22B$6.82B$2.84B$2.72B—
Other intangibles $1.06B$1.12B$218.0M——
Total assets $45.16B$43.76B$14.05B——
Accounts payable $3.60B$3.29B$1.73B——
Short-term debt $346.0M$1.05B$78.0M——
Total current liabilities $7.06B$7.33B$3.01B——
Long-term debt $13.22B$13.06B———
Total liabilities $26.80B$26.37B$7.88B——
Retained earnings $2.65B$2.95B$3.52B——
Total equity $18.33B$17.36B$6.17B$5.34B$4.93B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $3.39B$1.48B$1.56B$1.43B—
Depreciation and amortisation $2.55B$1.46B$580.0M$564.0M—
Stock-based compensation $139.0M$206.0M$66.0M$68.0M—
Capital expenditure $2.19B$1.47B$929.0M$930.0M—
Investing cash flow -$2.14B-$2.11B-$931.0M-$1.02B—
Financing cash flow -$1.30B$607.0M-$479.0M-$431.0M—
Dividends paid $900.0M$650.0M$391.0M$349.0M—
Buybacks $0$27.0M$30.0M$32.0M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012555.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2022: 13.5B Gross profit, FY2022: 3.3B Net income, FY2022: 1B Revenue, FY2023: 12.1B Gross profit, FY2023: 3.1B Net income, FY2023: 825M Revenue, FY2024: 21.1B Gross profit, FY2024: 4.2B Net income, FY2024: 319M Revenue, FY2025: 31.2B Gross profit, FY2025: 6B Net income, FY2025: 699M FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2021FY2022FY2023FY2024FY2025
Revenue — $13.51B $12.09B $21.11B $31.18B
Gross profit — $3.27B $3.05B $4.20B $6.04B
Net income — $1.03B $825.0M $319.0M $699.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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DSS DSS, INC. $5.1M — 8.7%