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.

See the live SW chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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 YoY+47.7%	21.1B YoY+74.6%	12.1B YoY-10.5%	13.5B
	6.04B YoY+44.1%	4.20B YoY+37.4%	3.05B YoY-6.7%	3.27B
Cost of revenue	25.1B YoY+48.6%	16.9B YoY+87.1%	9.04B YoY-11.7%	10.2B
Selling, general & administrative	3.82B YoY+39.5%	2.74B YoY+74.1%	1.57B YoY+1.9%	1.54B
Amortization of intangibles	148M YoY+46.5%	101M YoY+94.2%	52.0M YoY+0.0%	52.0M
Provision for credit losses	383M YoY+0.8%	380M YoY+93.9%	196M YoY-14.4%	229M
Operating income	1.72B YoY+70.7%	1.01B YoY-26.6%	1.37B YoY-11.9%	1.56B
Interest expense	840M YoY+60.0%	525M YoY+208.8%	170M YoY+14.9%	148M
Interest & investment income	111M YoY-12.6%	127M YoY+309.7%	31.0M YoY+244.4%	9.00M
Other non-operating income	-61.0M YoY-144.0%	-25.0M YoY+45.7%	-46.0M YoY-406.7%	15.0M
Pre-tax income	959M YoY+71.3%	560M YoY-50.8%	1.14B YoY-20.2%	1.43B
Income tax	260M YoY+7.9%	241M YoY-22.8%	312M YoY-20.2%	391M
	699M YoY+119.1%	319M YoY-61.3%	825M YoY-20.2%	1.03B
Net income to non-controlling interest	0.00	0.00 YoY-100.0%	1.00M YoY+0.0%	1.00M
Net income to common	699M YoY+119.1%	319M YoY-61.3%	825M YoY-20.2%	1.03B
	$1.33 YoY+62.2%	$0.82 YoY-74.1%	$3.17 YoY-19.9%	$3.96
EPS (basic)	$1.34 YoY+61.4%	$0.83 YoY-74.0%	$3.19 YoY-20.3%	$4.00
Weighted-avg shares (basic)	522M YoY+35.2%	386M YoY+49.6%	258M YoY+0.0%	258M
Weighted-avg shares (diluted)	526M YoY+35.2%	389M YoY+49.6%	260M YoY-0.4%	261M
Dividends per share	$1.72 YoY-9.0%	$1.89 YoY+26.0%	$1.50 YoY+11.1%	$1.35
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	10.4B YoY+3.8%	10.1B YoY+120.0%	4.57B	—
Cash & equivalents	892M YoY+4.3%	855M YoY-14.5%	1.00B YoY+18.9%	841M
Accounts receivable	4.27B YoY+3.7%	4.12B YoY+128.0%	1.81B	—
Inventory	3.69B YoY+4.0%	3.55B YoY+195.1%	1.20B	—
Other current assets	1.59B YoY+3.5%	1.53B YoY+173.3%	561M	—
	45.2B YoY+3.2%	43.8B YoY+211.4%	14.1B	—
Operating lease right-of-use	1.05B YoY+6.6%	986M YoY+163.6%	374M	—
Goodwill	7.22B YoY+5.8%	6.82B YoY+140.0%	2.84B YoY+4.4%	2.72B
Intangible assets	1.06B YoY-5.2%	1.12B YoY+412.4%	218M	—
Other non-current assets	2.59B YoY+5.6%	2.46B YoY+308.5%	601M	—
	7.06B YoY-3.7%	7.33B YoY+143.9%	3.01B	—
Accounts payable	3.60B YoY+9.3%	3.29B YoY+90.4%	1.73B	—
Deferred revenue	6.00M YoY+20.0%	5.00M	—	—
Short-term & current debt	346M YoY-67.1%	1.05B YoY+1250.0%	78.0M	—
Current lease liability	321M YoY+3.9%	309M YoY+173.5%	113M	—
Other current liabilities	1.52B YoY+9.3%	1.39B YoY+187.8%	484M	—
	26.8B YoY+1.6%	26.4B YoY+234.8%	7.88B	—
Long-term debt	13.2B YoY+1.3%	13.1B	—	—
Non-current lease liability	774M YoY+9.0%	710M YoY+163.9%	269M	—
Deferred tax liabilities	3.30B YoY-8.4%	3.60B YoY+1185.7%	280M	—
Other non-current liabilities	2.32B YoY+5.8%	2.19B YoY+469.1%	385M	—
	18.3B YoY+5.6%	17.4B YoY+181.9%	6.16B YoY+5755140086.9%	107
Preferred stock	0.00	0.00	0.00	—
Common stock	1.00M YoY+0.0%	1.00M	0.00	—
Additional paid-in capital	16.1B YoY+0.8%	15.9B YoY+346.1%	3.58B	—
Retained earnings	2.65B YoY-10.0%	2.95B YoY-16.2%	3.52B	—
Treasury stock	64.0M YoY-31.2%	93.0M YoY+2.2%	91.0M	—
Accumulated other comprehensive income	-348M YoY+75.9%	-1.45B YoY-70.7%	-847M	—
Non-controlling interest	27.0M YoY+0.0%	27.0M YoY+68.8%	16.0M	—
Total equity incl. non-controlling	18.4B YoY+5.6%	17.4B YoY+181.6%	6.17B YoY+15.6%	5.34B
Total liabilities & equity	45.2B YoY+3.2%	43.8B YoY+211.4%	14.1B	—
Common shares outstanding	522M YoY+0.4%	520M YoY+99.9%	260M	—
Shares outstanding (cover)	522M YoY+0.4%	520M	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	3.39B YoY+128.7%	1.48B YoY-4.9%	1.56B YoY+8.8%	1.43B
Depreciation & amortization	2.55B YoY+74.2%	1.46B YoY+152.4%	580M YoY+2.8%	564M
Share-based compensation	139M YoY-32.5%	206M YoY+212.1%	66.0M YoY-2.9%	68.0M
Deferred income taxes	-190M YoY-38.7%	-137M YoY-389.3%	-28.0M YoY-168.3%	41.0M
Change in receivables	-164M YoY-213.9%	144M YoY+158.8%	-245M YoY-369.2%	91.0M
Change in inventory	-35.0M YoY+43.5%	-62.0M YoY+71.8%	-220M YoY-205.3%	209M
Change in payables	-23.0M YoY+91.6%	-273M YoY-5.0%	-260M YoY-687.9%	-33.0M
Other operating activities	32.0M YoY+14.3%	28.0M YoY+380.0%	-10.0M YoY+44.4%	-18.0M
	-2.14B YoY-1.4%	-2.11B YoY-127.1%	-931M YoY+8.7%	-1.02B
Capital expenditure	2.19B YoY+49.5%	1.47B YoY+57.8%	929M YoY-0.1%	930M
Acquisitions	6.00M YoY-99.2%	719M YoY+2379.3%	29.0M YoY-68.8%	93.0M
Proceeds from sale of PP&E	12.0M YoY-80.3%	61.0M YoY+258.8%	17.0M YoY+30.8%	13.0M
Other investing activities	-17.0M YoY-240.0%	-5.00M YoY+50.0%	-10.0M YoY-100.0%	-5.00M
	-1.30B YoY-313.8%	607M YoY+226.7%	-479M YoY-11.1%	-431M
Common stock repurchased	0.00 YoY-100.0%	27.0M YoY-10.0%	30.0M YoY-6.3%	32.0M
Dividends paid	900M YoY+38.5%	650M YoY+66.2%	391M YoY+12.0%	349M
Other financing activities	-5.00M YoY-183.3%	6.00M YoY+300.0%	-3.00M YoY-200.0%	-1.00M
FX effect on cash	86.0M YoY+171.1%	-121M YoY-1310.0%	10.0M YoY+107.9%	-126M
Net change in cash	37.0M YoY+125.5%	-145M YoY-191.2%	159M YoY+210.4%	-144M
Income taxes paid	521M YoY+36.0%	383M YoY-12.8%	439M YoY+29.9%	338M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
Market cap	20.2B YoY-27.9%	28.0B	—	—
P/E	28.9× YoY-67.1%	87.8×	—	—
P/S	0.6× YoY-51.2%	1.3×	—	—
P/B	1.1× YoY-31.7%	1.6×	—	—
P/FCF	16.8× YoY-99.0%	1648.0×	—	—
Earnings yield	3.5% YoY+204.0%	1.1%	—	—
FCF yield	5.9% YoY+9693.4%	0.1%	—	—
Dividend yield	4.4% YoY+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.

SW▼ financial statements

About this data

financial statements