Smurfit Westrock plc (SW) — Financial statements
Income statement, balance sheet, and cash flow for Smurfit Westrock plc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 31,179↑53.0% | 20,377↑86.0% | 10,954↓13.2% | 12,616↑20.3% | 10,484 | |
| Cost of Revenue | 25,136↑54.0% | 16,327↑99.4% | 8,188↓14.4% | 9,560↑17.6% | 8,131 | |
| Gross Profit | 6,043↑49.2% | 4,049↑46.4% | 2,766↓9.5% | 3,056↑29.9% | 2,353 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 3,819↑40.4% | 2,719↑81.6% | 1,497↑3.4% | 1,448↑14.2% | 1,269 | |
| Other Expenses | 0.00↓100.0% | 358↑1263.3% | 26↓82.7% | 152↑853.3% | -20 | |
| Operating Expenses | 3,819↑24.1% | 3,077↑102.0% | 1,524↓4.8% | 1,601↑28.2% | 1,248 | |
| Total Costs & Expenses | 28,955↑49.2% | 19,404↑99.8% | 9,711↓13.0% | 11,161↑19.0% | 9,380 | |
| Operating Results | ||||||
| Operating Income | 2,224↑128.8% | 972↓21.8% | 1,243↓14.6% | 1,455↑31.7% | 1,104 | |
| Depreciation & Amortization | 2,550↑80.4% | 1,413↑169.0% | 525↓0.3% | 527↑8.2% | 487 | |
| EBITDA | 4,774↑74.0% | 2,743↑52.9% | 1,794↓15.9% | 2,134↑35.8% | 1,571 | |
| EBIT | 2,224↑67.2% | 1,330↑4.8% | 1,269↓21.0% | 1,607↑48.2% | 1,084 | |
| Interest & Other Income | ||||||
| Net Interest Income | -729↓89.7% | -384↓204.3% | -126↑8.3% | -138↓11.9% | -123 | |
| Interest Income | 111↓9.5% | 123↑335.4% | 28↑220.5% | 9↑181.1% | 3 | |
| Interest Expense | 840↑65.7% | 507↑228.2% | 154↑5.4% | 146↑16.1% | 126 | |
| Non-Operating Income | 0.00↑100.0% | -358↓1263.3% | -26↑82.7% | -152↓853.3% | 20 | |
| Other Income / Expenses | -1,265↓193.2% | -431↓103.6% | -212↓71.9% | -123↑21.6% | -157 | |
| Income Before Tax | 959↑77.4% | 541↓47.6% | 1,031↓22.6% | 1,332↑40.6% | 947 | |
| Income Tax Expense | 260↑11.8% | 233↓17.7% | 283↓22.6% | 365↑50.6% | 242 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 699↑127.0% | 308↓58.8% | 748↓22.6% | 967↑37.2% | 705 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 699↑127.0% | 308↓58.8% | 747↓22.6% | 966↑37.0% | 705 | |
| Bottom-Line Net Income | 699↑127.0% | 308↓58.8% | 747↓22.6% | 966↑37.0% | 705 | |
| EPS (Basic) | 1.34↑67.5% | 0.80↓72.4% | 2.90↓24.7% | 3.85↑40.5% | 2.74 | |
| EPS (Diluted) | 1.33↑68.4% | 0.79↓72.5% | 2.87↓24.5% | 3.80↑40.2% | 2.71 | |
| Weighted Average Shares | 522↑35.2% | 386↑49.6% | 258↑0.0% | 258↑0.4% | 257 | |
| Weighted Average Diluted Shares | 526↑35.2% | 389↑49.6% | 260↓0.4% | 261↑0.4% | 260 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.