Smurfit Westrock (SW)
Materials · $23.7B market cap · SEC CIK 0002005951
fundamentals score out of 100
Next reports on Oct 27, 2026, with analysts expecting $0.63 in earnings per share.
The case for SW
- Pays a 3.9% dividend while you wait.
- Has compounded revenue at 26.3% a year over five years.
- Price/sales of 0.8× is lower than 88% of Materials companies.
The case against
- Revenue fell 29.4% year over year.
- Earnings per share down 21.4%.
- Pricey at 47.8× earnings, against a long-run market average nearer 20×.
- Return on equity of only 3%.
- Net margin of 1.6% leaves very little room for error.
- Dividend takes 186% of earnings, leaving little cushion.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Materials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 59 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 41 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 32 |
| Momentumhow the price has behaved lately | 59 |
| Stabilityhow violently it moves, what it owes and what it pays you | 50 |
- Each factor except momentum is half fixed thresholds, half rank among the 26 Materials companies.
Key numbers
| Price / earnings | 47.8× |
|---|---|
| Price / book | 1.35× |
| Price / sales | 0.8× |
| Revenue growth (YoY) | -29.4% |
| EPS growth (YoY) | -21.4% |
| Gross margin | 18% |
| Operating margin | 5% |
| Net margin | 2% |
| Return on equity | 3% |
| Debt / equity | 0.79× |
| Current ratio | 1.45 |
| Dividend yield | 3.89% |
| Beta | 0.95 |
| 52-week range | $32.73 – $52.65 |
| Position in that range | 69% of the way up |
| 3-month return | +2.7% |
| 1-year return | +3.6% |
Five years of financials, as filed
Pulled from Smurfit Westrock's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $31.2B | $21.1B | $12.1B | $13.5B | — |
| Gross profit | $6.0B | $4.2B | $3.1B | $3.3B | — |
| Operating income | $1.7B | $1.0B | $1.4B | $1.6B | — |
| Net income | $699M | $319M | $825M | $1.0B | — |
| Operating cash flow | $3.4B | $1.5B | $1.6B | $1.4B | — |
| Capital expenditure | $2.2B | $1.5B | $929M | $930M | — |
| Total assets | $45.2B | $43.8B | $14.1B | — | — |
| Total liabilities | $26.8B | $26.4B | $7.9B | — | — |
| Shareholder equity | $18.3B | $17.4B | $6.2B | $107 | — |
| Cash | $892M | $855M | $1.0B | $841M | $985M |
| Long-term debt | $13.2B | $13.1B | — | — | — |
| Free cash flow | $1.2B | $17.0M | $630M | $503M | — |
| Gross margin | 19.4% | 19.9% | 25.3% | 24.2% | — |
| Operating margin | 5.5% | 4.8% | 11.3% | 11.5% | — |
| Net margin | 2.2% | 1.5% | 6.8% | 7.7% | — |
| Diluted shares | 526M | 389M | 390M | 392M | — |
Share count is up 34.4% over 3 years. Your slice has been diluted. Counts are restated for stock splits so the years compare.
What Smurfit Westrock says it does
Overview Smurfit Westrock was created in July 2024 as a strategic combination between Smurfit Kappa Group plc ( re-registered as Smurfit Kappa Group Limited) ( "Smurfit Kappa"), one of the leading integrated corrugated packaging manufacturers in Europe, with a large- scale pan-regional presence in Latin America, and WestRock Company ("WestRock"), one of the leaders in North America in corrugated and consumer packaging solutions and a multinational provider of sustainable fiber-based paper and packaging solutions. We are a global leader in sustainable, paper-based packaging with extensive scale, quality products and geographic reach and diversity . We aim to create the ‘go-to’ packaging partner of choice, bringing together highly complementary portfolios and sets of capabilities benefiting customers, employees and shareholders. Background Smurfit Westrock was incorporated and registered in Ireland on July 6, 2017, under the Irish…
Risk factors SW lists in its 10-K
- "Cautionary Note Regarding Forward-Looking Statements" for additional information
- Smurfit Kappa was determined to be the accounting acquirer in the Combination; therefore, the historical consolidated financial
- statements of Smurfit Kappa for periods prior to the Combination were also considered to be the historical financial statements of the
- Company. Unless otherwise specified or the context otherwise requires, all references to the "Company" and "Smurfit Kappa" refer
- to Smurfit Kappa Group plc and its subsidiaries and their operations when referring to periods prior to the closing of the
- Combination, and references to the "Company" and "Smurfit Westrock" refer to the combined company, Smurfit Westrock and its
- subsidiaries, including, among others, Smurfit Kappa and WestRock, when referring to periods after the Combination
- Transaction Agreement and Combination with WestRock
- Net income attributable to common shareholders
- Results of operations for the year ended
- Selling, General and Administrative ("SG&A") Expenses
- Transaction and Integration-related Expenses Associated with the Combination
- Pension and Other Postretirement Non-Service Income (Expense), Net
- Contractual Obligations and Commitments