{ "ok": true, "cik": "2005951", "ticker": "SW", "name": "Smurfit Westrock plc", "filings": [ { "form": "10-Q", "filed": "2026-07-31", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000162828026051195/0001628280-26-051195-index.htm" }, { "form": "8-K", "filed": "2026-07-29", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926087794/0001104659-26-087794-index.htm" }, { "form": "8-K", "filed": "2026-05-01", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926053535/0001104659-26-053535-index.htm" }, { "form": "10-Q", "filed": "2026-05-01", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000162828026029089/0001628280-26-029089-index.htm" }, { "form": "8-K", "filed": "2026-04-30", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926052046/0001104659-26-052046-index.htm" }, { "form": "DEF 14A", "filed": "2026-03-11", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926026094/0001104659-26-026094-index.htm" } ], "events12m": 7, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-27", "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926020975/0001104659-26-020975-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002005951.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2005951" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Smurfit Westrock plc ($SW). Last filing: 10-Q, 2026-07-31. 7 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 31179000000, "revenueGrowth1y": 0.4770477047704771, "revenueGrowthPerYear": 0.3214539747251477, "yearsOfData": 4, "operatingMargin": 0.0551332627730203, "operatingMarginPrior": 0.04770477047704771, "netMargin": 0.02241893582218801, "operatingCashFlow": 3392000000, "capitalSpending": 2192000000, "freeCashFlow": 1200000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 892000000, "longTermDebt": 13427000000, "longTermDebtChange": 0.02841605392156854, "revenueHistory": [ { "fiscalYearEnd": "2022-12-31", "revenue": 13509000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 12093000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 21109000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 31179000000 } ], "totalEquity": 18327000000, "totalAssets": 45157000000, "equityRatio": 0.40585069867351686, "returnOnEquity": 0.038140448518579145, "dividendsPaid": 900000000, "payoutRatio": 1.2875536480686696, "dividendPerShare": 1.72, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 1.34, "sharesOutstanding": 526000000, "bookValuePerShare": 34.842205323193916, "revenuePerShare": 59.27566539923954, "range80": { "low": 30717170338.86485, "high": 56767294727.98601, "baseline": 43628552062.44328, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.4, "growthYears": 3, "ownVolatility": 0.34752290730150454, "classVolatility": 0.06659579566308972, "volatility": 0.22576507356036285 }, "ifPaceHeld": { "low": 30717170338.86485, "high": 56767294727.98601 } }, "edgarette": "🔖 Exposure: revenue $31.2B (FY2025), total debt $13.4B. Experience: revenue up 47.7% on the year, up 32.1% a year over 3 years; operating margin 5.5%, up from 4.8%. Soundness: equity 40.6% of assets, return on equity 3.8%, payout 128.8% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $30.7B and $56.8B next year (method v4.1: its own 3-year record of growth weighed at 40% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $23.5B to $72.6B. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, its industry group): operating margin 5.5% against a 0.3% median; growth 47.7% against 0.9%.", "peers": { "sic": 2650, "sicDescription": "Paperboard Containers & Boxes", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "26", "growth": [ 0.0092, 16 ], "opMargin": [ 0.0028, 13 ], "equityRatio": [ 0.3049, 16 ], "returnOnEquity": [ 0.0154, 16 ], "payoutRatio": [ 0.5669, 8 ] }, "summary": "Smurfit Westrock (SW) grew revenue 47.7% in FY2025 to $31.2 billion, operating margin 5.5% against a 0.3% median for paperboard containers & boxes, equity 40.6% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Smurfit Westrock plc against its own record and its peers
Operating marginPeer median 0.3%5.5%Revenue, on the yearPeer median 0.9%47.7%Equity of assetsPeer median 30.5%40.6%Return on equityPeer median 1.5%3.8%Payout of profitPeer median 56.7%128.8%Gold tick: the median of 8–16 peers with $50M+ revenue in paperboard containers & boxes
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit120.0% paid outMore was paid out than was earned in the year.Handed back per share$1.72cut in the latest yearGrowth its own profit can fund0.0%retained x return on equityRevenue growth it managed47.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:36:26.673Z", "hash": "c379397ef0b935f5", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Smurfit Westrock (SW) grew revenue 47.7% in FY2025 to $31.2 billion, operating margin 5.5% against a 0.3% median for paperboard containers & boxes, equity 40.6% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 31179000000, "totalDebt": 13427000000, "cash": 892000000 }, "experience": { "revenueGrowth1y": 0.4770477047704771, "revenueGrowthPerYear": 0.3214539747251477, "operatingMargin": 0.0551332627730203, "operatingMarginPrior": 0.04770477047704771, "netMargin": 0.02241893582218801, "freeCashFlow": 1200000000 }, "soundness": { "equityRatio": 0.40585069867351686, "returnOnEquity": 0.038140448518579145, "payoutRatio": 1.2875536480686696, "dividendPerShare": 1.72, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2650, "sicDescription": "Paperboard Containers & Boxes", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "26", "growth": [ 0.0092, 16 ], "opMargin": [ 0.0028, 13 ], "equityRatio": [ 0.3049, 16 ], "returnOnEquity": [ 0.0154, 16 ], "payoutRatio": [ 0.5669, 8 ] }, "credibility": { "auditedYears": 4, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-02-27", "url": "https://www.sec.gov/Archives/edgar/data/2005951/000110465926020975/0001104659-26-020975-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 30717170338.86485, "high": 56767294727.98601, "baseline": 43628552062.44328, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.4, "growthYears": 3, "ownVolatility": 0.34752290730150454, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.22576507356036285, "k": 3 }, "stress": { "low": 23453951464.56497, "high": 72606464152.16875, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v4", "byYear": {}, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:36:26.673Z", "hash": "c379397ef0b935f5", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0002005951.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2005951" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1088, "growth3y": 0.3215, "volatility": 0.3475, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4059, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 10.9% of revenue into operating cash; revenue growing 32.1% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 41st percentile for cash, 97th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 41, "growthPctInClass": 97, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±30%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3392000000, "investing": -2143000000, "financing": -1298000000, "capitalSpending": 2192000000, "free": 1200000000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": 1433000000, "free": 503000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1559000000, "free": 630000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1483000000, "free": 17000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3392000000, "free": 1200000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 892000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 45157000000, "ladder": null, "currentRatio": 1.48, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.1088, "growth3y": 0.3215, "volatility": 0.3475, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4059, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "later", "inside": "Turns 10.9% of revenue into operating cash; revenue growing 32.1% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 41st percentile for cash, 97th for growth.", "emoji": "🌱", "label": "Cash cow later", "plain": "growing fast, and already turning revenue into cash" }, "band": "$10B+", "cashPctInClass": 41, "growthPctInClass": 97, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "range", "text": "revenue is hard to predict: its 80% range is ±30%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 3392000000, "investing": -2143000000, "financing": -1298000000, "capitalSpending": 2192000000, "free": 1200000000, "trend": [ { "fiscalYearEnd": "2022-12-31", "operating": 1433000000, "free": 503000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 1559000000, "free": 630000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1483000000, "free": 17000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 3392000000, "free": 1200000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 892000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 45157000000, "ladder": null, "currentRatio": 1.48, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }