Smurfit Westrock Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	31,138	21,109	12,093	13,509	11,933	10,434
Revenue Growth (YoY)	89.50%	74.56%	-10.48%	13.21%	14.36%	2.76%
Cost of Revenue	25,262	16,914	9,039	10,237	9,255	6,919
Gross Profit	5,876	4,195	3,054	3,272	2,678	3,516
Selling, General & Admin	3,505	2,437	1,457	1,322	1,444	2,402
Operating Expenses	3,885	2,817	1,653	1,551	1,444	2,402
Operating Income	1,991	1,378	1,401	1,721	1,234	1,113
Interest Expense	-811	-525	-170	-148	-168	-156.57
Interest & Investment Income	112	127	31	9	3	3.67
Earnings From Equity Investments	-	-	-	-	-	1.22
Currency Exchange Gain (Loss)	-22	-22	-52	-2	-	-8.56
Other Non Operating Income (Expenses)	-34	-3	16	17	3	-
EBT Excluding Unusual Items	1,236	955	1,226	1,597	1,072	952.91
Merger & Restructuring Charges	11	-395	-78	-	-	-42.81
Impairment of Goodwill	-	-	-	-12	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-1.22
Gain (Loss) on Sale of Assets	-	-	-10	-	-	-
Asset Writedown	-240	-	-	-159	-	-
Other Unusual Items	-	-	-	-	6	6.12
Pretax Income	1,007	560	1,138	1,426	1,078	914.98
Income Tax Expense	260	241	312	391	276	245.87
Earnings From Continuing Operations	747	319	826	1,035	802	669.11
Minority Interest in Earnings	1	-	-1	-1	-	-2.45
Net Income	748	319	825	1,034	802	666.67
Net Income to Common	748	319	825	1,034	802	666.67
Net Income Growth	238.46%	-61.33%	-20.21%	28.93%	20.30%	24.80%
Shares Outstanding (Basic)	520	386	258	258	257	239
Shares Outstanding (Diluted)	525	389	260	261	260	241
Shares Change (YoY)	62.09%	49.61%	-0.38%	0.43%	7.83%	1.26%
EPS (Basic)	1.44	0.83	3.20	4.01	3.12	2.79
EPS (Diluted)	1.42	0.82	3.17	3.96	3.08	2.76
EPS Growth	109.82%	-74.13%	-19.95%	28.57%	11.56%	23.01%
Free Cash Flow	800	17	630	503	367	922.32
Free Cash Flow Per Share	1.52	0.04	2.42	1.93	1.41	3.83
Dividend Per Share	1.595	0.605	1.679	-	-	2.400
Dividend Growth	-19.51%	-63.97%	-	-	-	666.54%
Gross Margin	18.87%	19.87%	25.25%	24.22%	22.44%	33.69%
Operating Margin	6.39%	6.53%	11.58%	12.74%	10.34%	10.67%
Profit Margin	2.40%	1.51%	6.82%	7.65%	6.72%	6.39%
Free Cash Flow Margin	2.57%	0.08%	5.21%	3.72%	3.08%	8.84%
EBITDA	4,458	2,842	1,981	2,285	1,788	1,672
EBITDA Margin	14.32%	13.46%	16.38%	16.91%	14.98%	16.03%
D&A For EBITDA	2,467	1,464	580	564	554	559.02
EBIT	1,991	1,378	1,401	1,721	1,234	1,113
EBIT Margin	6.39%	6.53%	11.58%	12.74%	10.34%	10.67%
Effective Tax Rate	25.82%	43.04%	27.42%	27.42%	25.60%	26.87%

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q