Smurfit Westrock Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	31,235	31,179	21,109	12,093	13,509
Revenue Growth (YoY)	20.90%	47.70%	74.56%	-10.48%	-
Cost of Revenue	25,501	25,136	16,914	9,039	10,237
Gross Profit	5,734	6,043	4,195	3,054	3,272
Selling, General & Admin	3,807	3,819	2,737	1,604	1,543
Other Operating Expenses	508	505	451	78	171
Total Operating Expenses	4,315	4,324	3,188	1,682	1,714
Operating Income	1,419	1,719	1,007	1,372	1,558
Interest Expense	-728	-729	-398	-139	-139
Other Non-Operating Income (Expense)	-38	-31	-49	-95	7
Total Non-Operating Income (Expense)	-766	-760	-447	-234	-132
Pretax Income	653	959	560	1,138	1,426
Provision for Income Taxes	273	260	241	312	391
Net Income	380	699	319	825	1,034
Minority Interest in Earnings	-	-	-	1	1
Net Income to Common	380	699	319	825	1,034
Net Income Growth	-25.78%	119.12%	-61.33%	-20.21%	-
Shares Outstanding (Basic)	523	522	386	258	258
Shares Outstanding (Diluted)	526	526	389	260	261
Shares Change (YoY)	15.68%	35.22%	49.61%	-0.38%	-
EPS (Basic)	0.73	1.34	0.83	3.19	4.00
EPS (Diluted)	0.72	1.33	0.82	3.17	3.96
EPS Growth	-40.98%	62.20%	-74.13%	-19.95%	-
Shares Outstanding	524.46	522.31	520.44	260.35	259
Free Cash Flow	1,022	1,200	17	630	503
Free Cash Flow Growth	-14.83%	6958.82%	-97.30%	25.25%	-
Free Cash Flow Per Share	1.94	2.28	0.04	2.42	1.93
Dividends Per Share	1.746	1.723	0.605	1.679	-
Dividend Growth	1.29%	184.83%	-63.97%	-	-
Gross Margin	18.36%	19.38%	19.87%	25.25%	24.22%
Operating Margin	4.54%	5.51%	4.77%	11.35%	11.53%
Profit Margin	1.22%	2.24%	1.51%	6.83%	7.66%
FCF Margin	3.27%	3.85%	0.08%	5.21%	3.72%
EBITDA	4,094	4,269	2,471	1,952	2,122
EBITDA Margin	13.11%	13.69%	11.71%	16.14%	15.71%
EBIT	1,419	1,719	1,007	1,372	1,558
EBIT Margin	4.54%	5.51%	4.77%	11.35%	11.53%
Effective Tax Rate	41.81%	27.11%	43.04%	27.42%	27.42%

Updated May 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q