SW
Smurfit WestRock plcStock · MaterialsS&P 500 Equal Weight 0.2% · S&P 500 0.04% · US Stock Market 0.03% · Russell 3000 0.03%$44.33-2.53%
as of market close, Sep 18, 2026
☾ AH — —
SW financial statements
The full income statement, balance sheet, and cash-flow statement for Smurfit WestRock plc (SW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 260.0M2024-09 520.2M2024-12 522.0M2025-03 522.0M2025-06 522.1M2025-09 522.2M2025-12 524.3M2026-03 524.5M2026-06 524.5M+101.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 31.2B+47.7% | 21.1B+74.6% | 12.1B-10.5% | 13.5B | |
| 6.04B+44.1% | 4.20B+37.4% | 3.05B-6.7% | 3.27B | ||
| Cost of revenue | 25.1B+48.6% | 16.9B+87.1% | 9.04B-11.7% | 10.2B | |
| Selling, general & administrative | 3.82B+39.5% | 2.74B+74.1% | 1.57B+1.9% | 1.54B | |
| Amortization of intangibles | 148M+46.5% | 101M+94.2% | 52.0M+0.0% | 52.0M | |
| Provision for credit losses | 383M+0.8% | 380M+93.9% | 196M-14.4% | 229M | |
| Operating income | 1.72B+70.7% | 1.01B-26.6% | 1.37B-11.9% | 1.56B | |
| Interest expense | 840M+60.0% | 525M+208.8% | 170M+14.9% | 148M | |
| Interest & investment income | 111M-12.6% | 127M+309.7% | 31.0M+244.4% | 9.00M | |
| Other non-operating income | -61.0M-144.0% | -25.0M+45.7% | -46.0M-406.7% | 15.0M | |
| Pre-tax income | 959M+71.3% | 560M-50.8% | 1.14B-20.2% | 1.43B | |
| Income tax | 260M+7.9% | 241M-22.8% | 312M-20.2% | 391M | |
| 699M+119.1% | 319M-61.3% | 825M-20.2% | 1.03B | ||
| Net income to non-controlling interest | 0.00 | 0.00-100.0% | 1.00M+0.0% | 1.00M | |
| Net income to common | 699M+119.1% | 319M-61.3% | 825M-20.2% | 1.03B | |
| $1.33+62.2% | $0.82-74.1% | $3.17-19.9% | $3.96 | ||
| EPS (basic) | $1.34+61.4% | $0.83-74.0% | $3.19-20.3% | $4.00 | |
| Weighted-avg shares (basic) | 522M+35.2% | 386M+49.6% | 258M+0.0% | 258M | |
| Weighted-avg shares (diluted) | 526M+35.2% | 389M+49.6% | 260M-0.4% | 261M | |
| Dividends per share | $1.72-9.0% | $1.89+26.0% | $1.50+11.1% | $1.35 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 10.4B+3.8% | 10.1B+120.0% | 4.57B | — | ||
| Cash & equivalents | 892M+4.3% | 855M-14.5% | 1.00B+18.9% | 841M | |
| Accounts receivable | 4.27B+3.7% | 4.12B+128.0% | 1.81B | — | |
| Inventory | 3.69B+4.0% | 3.55B+195.1% | 1.20B | — | |
| Other current assets | 1.59B+3.5% | 1.53B+173.3% | 561M | — | |
| 45.2B+3.2% | 43.8B+211.4% | 14.1B | — | ||
| Operating lease right-of-use | 1.05B+6.6% | 986M+163.6% | 374M | — | |
| Goodwill | 7.22B+5.8% | 6.82B+140.0% | 2.84B+4.4% | 2.72B | |
| Intangible assets | 1.06B-5.2% | 1.12B+412.4% | 218M | — | |
| Other non-current assets | 2.59B+5.6% | 2.46B+308.5% | 601M | — | |
| 7.06B-3.7% | 7.33B+143.9% | 3.01B | — | ||
| Accounts payable | 3.60B+9.3% | 3.29B+90.4% | 1.73B | — | |
| Deferred revenue | 6.00M+20.0% | 5.00M | — | — | |
| Short-term & current debt | 346M-67.1% | 1.05B+1250.0% | 78.0M | — | |
| Current lease liability | 321M+3.9% | 309M+173.5% | 113M | — | |
| Other current liabilities | 1.52B+9.3% | 1.39B+187.8% | 484M | — | |
| Finance lease liability (current) | 43.0M+30.3% | 33.0M+1000.0% | 3.00M | — | |
| 26.8B+1.6% | 26.4B+234.8% | 7.88B | — | ||
| Long-term debt | 13.2B+1.3% | 13.1B+255.8% | 3.67B | — | |
| Non-current lease liability | 774M+9.0% | 710M+163.9% | 269M | — | |
| Operating lease liability (total) | 1.09B+7.5% | 1.02B+166.8% | 382M | — | |
| Finance lease liability (total) | 550M+2.0% | 539M+1758.6% | 29.0M | — | |
| Finance lease liability | 507M+0.2% | 506M+1846.2% | 26.0M | — | |
| Deferred tax liabilities | 3.30B-8.4% | 3.60B+1185.7% | 280M | — | |
| Other non-current liabilities | 2.32B+5.8% | 2.19B+469.1% | 385M | — | |
| 18.3B+5.6% | 17.4B+181.9% | 6.16B | — | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | — | |
| Common stock | 1.00M+0.0% | 1.00M | 0.00 | — | |
| Additional paid-in capital | 16.1B+0.8% | 15.9B+346.1% | 3.58B | — | |
| Retained earnings | 2.65B-10.0% | 2.95B-16.2% | 3.52B | — | |
| Treasury stock | 64.0M-31.2% | 93.0M+2.2% | 91.0M | — | |
| Accumulated other comprehensive income | -348M+75.9% | -1.45B-70.7% | -847M | — | |
| Non-controlling interest | 27.0M+0.0% | 27.0M+68.8% | 16.0M | — | |
| Total equity incl. non-controlling | 18.4B+5.6% | 17.4B+181.6% | 6.17B+15.6% | 5.34B | |
| Total liabilities & equity | 45.2B+3.2% | 43.8B+211.4% | 14.1B | — | |
| Common shares outstanding | 522M+0.4% | 520M+99.9% | 260M | — | |
| Shares outstanding (cover) | 524M+0.4% | 522M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 3.39B+128.7% | 1.48B-4.9% | 1.56B+8.8% | 1.43B | ||
| Depreciation & amortization | 2.55B+74.2% | 1.46B+152.4% | 580M+2.8% | 564M | |
| Intangible amortization | 148M+46.5% | 101M+94.2% | 52.0M+0.0% | 52.0M | |
| Share-based compensation | 139M-32.5% | 206M+212.1% | 66.0M-2.9% | 68.0M | |
| Deferred income taxes | -190M-38.7% | -137M-389.3% | -28.0M-168.3% | 41.0M | |
| Change in receivables | -164M-213.9% | 144M+158.8% | -245M-369.2% | 91.0M | |
| Change in inventory | -35.0M+43.5% | -62.0M+71.8% | -220M-205.3% | 209M | |
| Change in payables | -23.0M+91.6% | -273M-5.0% | -260M-687.9% | -33.0M | |
| Other operating activities | 32.0M+14.3% | 28.0M+380.0% | -10.0M+44.4% | -18.0M | |
| -2.14B-1.4% | -2.11B-127.1% | -931M+8.7% | -1.02B | ||
| Capital expenditure | 2.19B+49.5% | 1.47B+57.8% | 929M-0.1% | 930M | |
| Free cash flow | 1.20B+6958.8% | 17.0M-97.3% | 630M+25.2% | 503M | |
| Acquisitions | 6.00M-99.2% | 719M+2379.3% | 29.0M-68.8% | 93.0M | |
| Proceeds from sale of PP&E | 12.0M-80.3% | 61.0M+258.8% | 17.0M+30.8% | 13.0M | |
| Other investing activities | -17.0M-240.0% | -5.00M+50.0% | -10.0M-100.0% | -5.00M | |
| -1.30B-313.8% | 607M+226.7% | -479M-11.1% | -431M | ||
| Long-term debt issued | 1.99B-65.1% | 5.71B+6385.2% | 88.0M+69.2% | 52.0M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 27.0M-10.0% | 30.0M-6.3% | 32.0M | |
| Dividends paid | 900M+38.5% | 650M+66.2% | 391M+12.0% | 349M | |
| Other financing activities | -5.00M-183.3% | 6.00M+300.0% | -3.00M-200.0% | -1.00M | |
| FX effect on cash | 86.0M+171.1% | -121M-1310.0% | 10.0M+107.9% | -126M | |
| Net change in cash | 37.0M+125.5% | -145M-191.2% | 159M+210.4% | -144M | |
| Income taxes paid | 521M+36.0% | 383M-12.8% | 439M+29.9% | 338M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 20.3B-27.9% | 28.1B | — | — | |
| P/E | 29.0×-67.1% | 88.1× | — | — | |
| P/S | 0.7×-51.2% | 1.3× | — | — | |
| P/B | 1.1×-31.7% | 1.6× | — | — | |
| P/FCF | 16.9×-99.0% | 1653.7× | — | — | |
| Earnings yield | 3.4%+203.9% | 1.1% | — | — | |
| FCF yield | 5.9%+9688.7% | 0.06% | — | — | |
| Dividend yield | 4.4%+26.8% | 3.5% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SW’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SW filings on SEC EDGAR → Not investment advice.