Smurfit Westrock Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31,179	21,109	12,093	13,509	11,933
Revenue Growth (YoY)	47.70%	74.56%	-10.48%	13.21%	14.36%
Cost of Revenue	25,136	16,914	9,039	10,237	9,255
Gross Profit	6,043	4,195	3,054	3,272	2,678
Selling, General & Admin	3,789	2,437	1,457	1,322	1,444
Operating Expenses	3,789	2,817	1,653	1,551	1,444
Operating Income	2,254	1,378	1,401	1,721	1,234
Interest Expense	-729	-525	-170	-148	-168
Interest & Investment Income	-	127	31	9	3
Currency Exchange Gain (Loss)	-	-22	-52	-2	-
Other Non Operating Income (Expenses)	-61	-3	16	17	3
EBT Excluding Unusual Items	1,464	955	1,226	1,597	1,072
Merger & Restructuring Charges	-259	-395	-78	-	-
Impairment of Goodwill	-	-	-	-12	-
Gain (Loss) on Sale of Assets	-	-	-10	-	-
Asset Writedown	-246	-	-	-159	-
Other Unusual Items	-	-	-	-	6
Pretax Income	959	560	1,138	1,426	1,078
Income Tax Expense	260	241	312	391	276
Earnings From Continuing Operations	699	319	826	1,035	802
Minority Interest in Earnings	-	-	-1	-1	-
Net Income	699	319	825	1,034	802
Net Income to Common	699	319	825	1,034	802
Net Income Growth	119.12%	-61.33%	-20.21%	28.93%	20.30%
Shares Outstanding (Basic)	522	386	258	258	257
Shares Outstanding (Diluted)	526	389	260	261	260
Shares Change (YoY)	35.11%	49.61%	-0.38%	0.43%	7.83%
EPS (Basic)	1.34	0.83	3.20	4.01	3.12
EPS (Diluted)	1.33	0.82	3.17	3.96	3.08
EPS Growth	62.20%	-74.13%	-19.95%	28.57%	11.56%
Free Cash Flow	1,200	17	630	503	367
Free Cash Flow Per Share	2.28	0.04	2.42	1.93	1.41
Dividend Per Share	1.723	0.605	1.679	-	-
Dividend Growth	184.83%	-63.97%	-	-	-
Gross Margin	19.38%	19.87%	25.25%	24.22%	22.44%
Operating Margin	7.23%	6.53%	11.58%	12.74%	10.34%
Profit Margin	2.24%	1.51%	6.82%	7.65%	6.72%
Free Cash Flow Margin	3.85%	0.08%	5.21%	3.72%	3.08%
EBITDA	4,804	2,842	1,981	2,285	1,788
EBITDA Margin	15.41%	13.46%	16.38%	16.91%	14.98%
D&A For EBITDA	2,550	1,464	580	564	554
EBIT	2,254	1,378	1,401	1,721	1,234
EBIT Margin	7.23%	6.53%	11.58%	12.74%	10.34%
Effective Tax Rate	27.11%	43.04%	27.42%	27.42%	25.60%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.