How does Smurfit Westrock (SW) make money?

Smurfit Westrock (SW) generates revenue primarily from North America Segment, which accounted for 47% of total revenue in TTM through Q1 2026. The company reported $30.22B in revenue and converted 1.2% of it into net profit, equivalent to roughly $371.47M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Smurfit Westrock (SW)?

Smurfit Westrock (SW) reported a gross profit margin of 18.4% in TTM through Q1 2026, equivalent to $5.57B in gross profit on $30.22B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Smurfit Westrock (SW)?

Smurfit Westrock (SW) reported an operating profit margin of 6.2% in TTM through Q1 2026, equivalent to $1.89B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Smurfit Westrock (SW)?

Smurfit Westrock (SW) reported a net profit margin of 1.2% in TTM through Q1 2026, equivalent to $371.47M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Smurfit Westrock (SW) profitable?

Yes. Smurfit Westrock (SW) reported $371.47M in net income for TTM through Q1 2026, with a net profit margin of 1.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Smurfit Westrock (SW) spend on capital expenditures?

Smurfit Westrock (SW) spent $2.34B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 7.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Smurfit Westrock (SW) generate?

Smurfit Westrock (SW) generated $1.02B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 3.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Smurfit Westrock (SW)?

Smurfit Westrock (SW) had an effective tax rate of 42.1% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Smurfit Westrock (SW)?

Smurfit Westrock (SW) reports revenue across 5 reportable product segments, led by North America Segment at 47% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Smurfit Westrock Makes Money: 2026 Visual Revenue Map

Smurfit Westrock (SW) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Smurfit Westrock discloses geographic revenue only in annual filings. to view the full breakdown.

Smurfit Westrock (SW) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Smurfit Westrock (SW) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
North America Segment	$14.21B	47%
Europe, Middle East and Africa, And Asia-Pacific Segment	$8.33B	27.6%
Packaging	$4.91B	16.3%
Latin America Segment	$1.62B	5.3%
Paper	$1.16B	3.8%
Total	$30.22B	100%

North America Segment$14.21B
Europe, Middle East and Africa, And Asia-Pacific Segment$8.33B
Packaging$4.91B
Latin America Segment$1.62B
Paper$1.16B
Total$30.22B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Smurfit Westrock (SW) reports revenue across 5 operating segments; the largest segment was North America Segment at 47%, followed by Europe, Middle East and Africa, And Asia-Pacific Segment (27.6%) and Packaging (16.3%).

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