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Smurfit Westrock Plc

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Smurfit Westrock Plc • NYSE
$35.69 ▼ -0.25% (-0.09)
Market Cap $18.64 B
52w High $56.05
52w Low $32.73
Dividend Yield 1.72%
P/E 24.45
Volume 2.63M
Outstanding Shares 522.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.003B ▲ $1.043B ▼ $246M ▲ 3.074% ▲ $0.47 ▲ $1.172B ▲
Q2-2025 $6.741B ▼ $1.073B ▲ $-23.772M ▼ -0.353% ▼ $-0.054 ▼ $995.028M ▼
Q1-2025 $7.076B ▼ $946.483M ▲ $354.931M ▲ 5.016% ▲ $0.674 ▲ $1.11B ▲
Q4-2024 $7.277B ▲ $785.754M ▼ $140.934M ▲ 1.937% ▲ $0.31 ▲ $789.615M ▼
Q3-2024 $6.889B $1.367B $-134.715M -1.955% $-0.274 $1.007B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $851M ▲ $45.569B ▼ $27.11B ▼ $18.433B ▲
Q2-2025 $778M ▼ $45.746B ▲ $27.422B ▲ $18.297B ▲
Q1-2025 $797M ▼ $44.649B ▲ $26.76B ▲ $17.864B ▲
Q4-2024 $855M ▼ $43.759B ▼ $26.372B ▼ $17.36B ▼
Q3-2024 $951M $45.029B $27.037B $17.965B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $245M ▲ $1.133B ▲ $-568M ▼ $-470M ▼ $73M ▲ $523M ▲
Q2-2025 $-26M ▼ $829M ▲ $-520M ▼ $-355M ▼ $-19M ▲ $307M ▲
Q1-2025 $382M ▲ $235M ▼ $-476M ▼ $151M ▲ $-58M ▲ $-242M ▼
Q4-2024 $146M ▲ $752.858M ▲ $-472.467M ▲ $-279.799M ▲ $-96M ▲ $213.87M ▲
Q3-2024 $-150M $320M $-1.185B $-1.513B $-2.374B $-192M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Packaging
Packaging
 $11.13Bn ▲$6.07Bn ▼$6.42Bn ▲$6.46Bn ▲
Paper
Paper
 $2.31Bn ▲$1.58Bn ▼$1.52Bn ▼$1.55Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Smurfit Westrock shows a long track record of steady growth in sales, with a dip in the prior year and then a very sharp jump after the merger. Profit at the operating level remains solid, suggesting the core business is fundamentally profitable. However, net profit and earnings per share have come down recently, likely reflecting merger costs, higher interest on more debt, and integration expenses. In simple terms: the business is big and productive, but the merger year is masking its true earnings power while one‑off and transition costs flow through the income statement.

Balance Sheet

Balance Sheet The balance sheet has become much larger and more complex following the merger. Total assets and shareholders’ equity have increased significantly, giving the company a broad industrial base and a stronger capital foundation. At the same time, debt has risen meaningfully, so the company is now more leveraged than in past years. Cash levels have stayed fairly modest relative to the size of the business, which means disciplined funding, refinancing, and integration execution will matter a lot. Overall, this is now a heavyweight balance sheet with both greater strength and greater financial obligations than before.

Cash Flow

Cash Flow Historically, the company generated reliable cash from its operations, comfortably covering its investment needs and leaving room for discretionary uses. In the latest period, operating cash flow remained healthy, but free cash flow shrank sharply because capital spending jumped. This points to a phase of heavy reinvestment—likely tied to integration projects, efficiency upgrades, and capacity or technology investments. The underlying cash engine looks sound, but near‑term cash is being absorbed by growth and transformation rather than building up as surplus.

Competitive Edge

Competitive Edge Smurfit Westrock now sits as one of the clear global leaders in paper‑based packaging, with enormous scale, a broad product range, and a wide geographic footprint. The merger has deepened its customer relationships, improved its ability to serve multinationals consistently across regions, and should unlock sizable cost synergies over time. Its focus on sustainable, fiber‑based packaging aligns well with tightening regulations and brand owners’ desire to move away from plastics. Key risks are the complexity of integrating two large organizations, exposure to economic cycles that affect packaging demand, and competition from other global players that are also pushing sustainability and innovation. Even so, its size, network, and sustainability branding give it a strong competitive footing.

Innovation and R&D

Innovation and R&D The company is clearly leaning into innovation, both in materials and in manufacturing technology. Its R&D centers work on new paper grades and advanced coatings that can replace plastics in demanding uses, such as beverage packaging and pallet wrap. At the same time, it is investing in digital tools—using AI, connected sensors, and extended‑reality training to make plants more efficient and improve customer service. Offerings like on‑site box‑making machines, data‑driven design services, and shared platforms for packaging ideas deepen its relationships with large customers. In short, Smurfit Westrock is not just selling boxes; it is trying to sell smarter, greener packaging systems, which can support pricing power and customer stickiness if executed well.

Summary

Smurfit Westrock is emerging from a transformational merger as a global packaging powerhouse with strong industrial economics and a clear sustainability story. Revenues and operating profits reflect a large, established business, but reported earnings are currently weighed down by merger and integration factors. The balance sheet is much bigger and more leveraged, pairing greater scale and equity with higher debt that will require careful management. Cash generation remains solid, though near‑term free cash flow is being heavily reinvested into assets and technology. Strategically, the company benefits from scale, global reach, and a strong push into eco‑friendly and digitally enabled packaging, but it also faces the standard risks of large integrations, cyclical end‑markets, and intense competition. Overall, it looks like a mature, cash‑generative packaging group in the middle of a major integration and investment cycle, with meaningful upside from synergies and innovation if management executes well.

NEWS

October 29, 2025 · 6:30 AM UTC

Smurfit Westrock Reports Third Quarter 2025 Results

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October 8, 2025 · 6:30 AM UTC

Smurfit Westrock to Announce 2025 Third Quarter Results on October 29, 2025

Read more