Smurfit Westrock
Turns wood and recovered fiber into corrugated, consumer and specialty packaging.
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Profile
Makes corrugated and consumer packaging, containerboard, paperboard, kraft paper, paper sacks and bag-in-box systems through an integrated fiber-to-converting network. North America supplies most sales, with the rest spread across Europe, MEA, APAC and Latin America.
Produces paper-based packaging across North America, Europe, the Middle East, Africa, Asia-Pacific and Latin America. Corrugated packaging and containerboard anchor the portfolio, alongside consumer packaging, paperboard, kraft paper, paper sacks, solidboard and bag-in-box systems.
Links wood and recovered-fiber sourcing, paper mills, converting plants, packaging machinery and distribution in an integrated system. This network supports custom designs, automated packing equipment and service for local, pan-regional and multinational customers. North America contributes most sales, and fast-moving consumer goods form the largest end market.
Created in 2024 through the combination of Smurfit Kappa and WestRock, the network is still being integrated and optimized through facility closures. Results remain exposed to packaging demand and pricing, fiber, energy and freight costs, labor agreements and environmental regulation.
Company facts
Key statistics
Year to date +22.0% · Average volume (30d) 4.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 27, 2026 | Morgan Stanley | Reiterate | Overweight | $57 | $58 | |
| Aug 24, 2026 | Barclays | Downgrade | Overweight | Underweight | ||
| Aug 14, 2026 | Nomura | Downgrade | Neutral | $170 | ||
| Aug 13, 2026 | Exane BNP Paribas | Downgrade | Outperform | Neutral | ||
| Aug 12, 2026 | Seaport Global | Reiterate | Buy | $52 | $54 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.40 | $0.35 | −13.5% | $7.93B | $8.03B | +1.2% | −5.00% |
| Apr 30, 2026Q1 FY26 | $0.39 | $0.33 | −16.0% | $7.57B | $7.71B | +1.9% | +2.71% |
| Feb 11, 2026Q4 FY25 | $0.48 | $0.34 | −28.7% | $7.57B | $7.58B | +0.1% | +2.27% |
| Oct 29, 2025Q3 FY25 | $0.68 | $0.58 | −14.7% | $7.63B | $8.00B | +4.9% | −4.76% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.66B | $7.94B | $8.00B | $7.58B | $6.70B | $8.03B | |
| Gross profit | $1.58B | $1.52B | $1.57B | $1.38B | $1.10B | $1.40B | |
| Operating income | $604.0M | $552.0M | $606.0M | $462.0M | $266.7M | $309.0M | |
| Net income | $384.0M | −$28.0M | $246.0M | $97.0M | $56.5M | $88.0M | |
| Diluted EPS | $0.73 | −$0.05 | $0.47 | $0.18 | $0.12 | $0.17 | |
| Gross margin | 20.6% | 19.1% | 19.6% | 18.2% | 16.4% | 17.4% | |
| Operating margin | 7.9% | 7.0% | 7.6% | 6.1% | 4.0% | 3.8% |
Fiscal years (4-quarter sums)FY21 $10.49B · FY22 $13.47B · FY23 $11.16B · FY24 $19.65B · FY25 $31.18B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $677.0M · Total debt $14.16B · Total assets $45.20B · Shareholders' equity $18.04B
Dividends
Last raised to $0.4523 from $0.4308 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 10 | $0.4523 | |
| May 15, 2026 | May 15 | Jun 10 | $0.4523 | |
| Feb 17, 2026 | Feb 17 | Mar 18 | $0.4523 | raised from $0.4308 |
| Nov 14, 2025 | Nov 14 | Dec 18 | $0.4308 | |
| Aug 15, 2025 | Aug 15 | Sep 18 | $0.4308 | |
| May 16, 2025 | May 16 | Jun 18 | $0.4308 | |
| Feb 14, 2025 | Feb 14 | Mar 18 | $0.4308 | raised from $0.3025 |
| Nov 15, 2024 | Nov 15 | Dec 18 | $0.3025 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 524.52M · Float 522.02M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 45.50M | 8.67% | 13F | Aug 7, 2026 |
| Capital Research Global Investors | 42.63M | 8.13% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 34.25M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corporation | 28.09M | 5.40% | 13G | Aug 7, 2026 |
| Nuveen, LLC | 24.81M | 4.73% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 19, 2026 | Anthony P. J. Smurfit | director, officer: President and Group CEO | −40,000 | $51.54 |
| Feb 19, 2026 | Ken Bowles | director, officer: Executive VP and Group CFO | −10,000 | $51.26 |
| Feb 18, 2026 | Laurent Sellier | officer: See remarks | −15,562 | $50.24 |
Peers
- International Paper
Broad fiber-packaging rival across corrugated and EMEA
- Packaging Corporation of America
North American containerboard and corrugated specialist
- Graphic Packaging
Consumer paperboard rival in cartons and foodservice packaging
- Sonoco Products
Fiber consumer and industrial packaging peer
- Amcor
Consumer packaging substrate rival after Berry merger
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Smurfit Westrock | $48.20 | −0.21% | $25.33B | 51.4 | 16.3 | 0.8 | +1.7% |
| International Paper | $39.41 | +0.25% | $20.82B | — | 17.0 | 0.9 | −11.3% |
| Packaging Corporation of America | $240.39 | −0.06% | $21.42B | 31.2 | 20.6 | 2.2 | +14.7% |
| Graphic Packaging | $11.58 | +0.22% | $3.42B | 17.5 | 12.4 | 0.4 | −0.7% |
| Sonoco Products | $56.47 | +0.02% | $5.58B | 8.7 | 9.4 | 0.7 | −1.3% |
| Amcor | $46.80 | +0.28% | $21.58B | 19.6 | 10.7 | 0.9 | +25.9% |
| Median | 18.6 | 12.4 | 0.9 | −0.7% |