SW vs SUZ vs IP Stock Comparison

Smurfit Westrock, Suzano and International Paper Prices as of Oct 23, 2026 Peers: Industry group
SW Smurfit Westrock plc
$41.85 -10.0% 1M -2.7% 1Y
Market cap
$22.12B
P/E
44.5x
Revenue (TTM)
$31.33B
Div. yield
–
Paper Packaging Basic Materials
2 wins
SUZ Suzano S.A.
$8.64 -6.3% 1M -4.6% 1Y
Market cap
$10.91B
P/E
7.0x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
5 wins

Head to Head

11 decided of 12

Suzano leads on 5 of the 12 questions below (Suzano 5, International Paper 4, Smurfit Westrock 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSWSUZIPLeader
Larger companyMarket capitalisation $22.12B $10.91B $17.68B SW
Cheaper on earningsLower P/E, profitable companies only 44.5x 7.0x -5.1x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.4x 6.1x 25.3x SUZ
Faster revenue growthRevenue growth, trailing twelve months +1.7% +0.7% +25.4% IP
More profitableNet margin, trailing twelve months 1.6% 17.2% -14.2% SUZ
Better return on capitalReturn on invested capital 3.1% 7.1% 7.5% IP
Less leveragedLower net debt / EBITDA 3.2x 3.1x 1.7x IP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -2.7% -4.6% -32.4% SW
Better 5-year returnAnnualised price return, 5 years -3.0%/yr -1.5%/yr -9.0%/yr SUZ
Less volatileAnnualised volatility, 1 year 44.1% 29.8% 45.0% SUZ
Higher overall scoreMean of the five percentile scores vs peers 53/100 57/100 61/100 IP

Percentile Scorecard

SWSUZIP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSWSUZIP
Valuation 67 #6 of 16 90 #29 of 287 53 #8 of 16
Growth 67 #6 of 16 17 #222 of 267 40 #10 of 16
Profitability 40 #10 of 16 77 #55 of 240 47 #9 of 16
Financial Health 69 #6 of 17 30 #207 of 295 75 #5 of 17
Shareholder Returns 23 #11 of 14 70 #62 of 204 92 #2 of 14
Overall 53 57 61
  • SW ranked among 17 companies in Packaging
  • SUZ ranked among 308 companies in Basic Materials
  • IP ranked among 17 companies in Packaging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSWSUZIPSPY
1 month -10.0%-6.3%-7.1% -1.0%
3 months -13.8%+4.3%-21.4% +2.9%
6 months +4.7%-5.1%+1.6% +6.4%
Year to date +8.2%-7.5%-15.8% +11.4%
1 year -2.7%-4.6%-32.4% +13.1%
3 years +32.4%-17.5%-0.3% +79.4%
3 years, per year +9.8%-6.2%-0.1% +21.5%
5 years -14.1%-7.1%-37.5% +67.7%
5 years, per year -3.0%-1.5%-9.0% +10.9%
10 years +91.0%+159.5%-29.4% +255.2%
10 years, per year +6.7%+10.0%-3.4% +13.5%

Risk

MeasureSWSUZIPSPY
Volatility, 1Y 44.1%29.8%45.0% 12.7%
Downside volatility, 1Y 40.4%27.9%44.3% 12.7%
Beta vs S&P 500, 1Y 1.450.631.24 1.00
Return / volatility, 1Y -0.06-0.16-0.72 1.03
Max drawdown, 5Y -55.1%-41.1%-51.1% -25.4%
From 52-week high -19.3%-24.6%-32.6% -2.5%
52-week high $51.84$11.46$49.19 $779.14
52-week low $32.79$7.67$29.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSWSUZIP
P/E now vs peer median 44.1xmedian 18.2x 6.9xmedian 17.9x -5.1xmedian 18.2x
P/S now vs peer median 0.7xmedian 0.7x 1.2xmedian 1.8x 0.9xmedian 0.7x
EV/EBITDA now vs peer median 8.4xmedian 9.5x 5.7xmedian 9.8x 5.9xmedian 9.5x
P/FCF now vs peer median 21.6xmedian 15.7x 12.3xmedian 16.0x 42.3xmedian 15.7x
P/B now vs peer median 1.2xmedian 1.4x 1.1xmedian 1.8x 1.4xmedian 1.4x
PEG now vs peer median —median 0.83 -0.19median 0.73 0.08median 0.83

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSWSUZIP
Revenue $31.33B $9.04B $24.20B
Gross profit $5.62B $2.58B $7.21B
Operating income $1.48B $1.91B $2.13B
Net income $497.00M $1.56B -$3.44B
Free cash flow $1.02B $888.28M $492.00M
EPS (diluted) $0.94 $1.25 $-6.49
Cash & equivalents $677.00M $3.21B $726.00M
Total debt $14.16B $17.89B $34.22B
Shares (diluted) 526.00M 1.24B 529.50M
Enterprise value $19.02B -$7.42B $13.58B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSWSUZIP
P/E 44.1x 6.9x -5.1x
P/FCF 21.6x 12.3x 42.3x
P/Operating cash flow 6.7x 3.5x 7.9x
P/S 0.7x 1.2x 0.9x
P/B 1.2x 1.1x 1.4x
P/Tangible book 1.3x 1.1x 2.0x
EV/EBITDA 8.4x 5.7x 5.9x
EV/EBIT 24.0x 12.4x 13.8x
EV/Revenue 1.1x 2.6x 1.2x
EV/FCF 34.9x 26.7x 59.5x
EV/Operating cash flow 10.7x 7.5x 11.1x
PEG (3Y EPS CAGR) – -0.19 0.08

Growth

14 metrics
MetricSWSUZIP
Revenue growth (1Y) 1.7% 0.7% 25.4%
Revenue CAGR (3Y) – -1.5% 6.1%
Gross profit growth (1Y) -4.5% -23.8% 32.6%
Gross profit CAGR (3Y) – -17.1% 7.9%
Operating income growth (1Y) 17.2% -20.3% 6.8%
Operating income CAGR (3Y) – -30.5% -13.8%
Net income growth (1Y) 41.2% 11.8% -12,633%
Net income CAGR (3Y) – -29.7% -74.4%
EPS growth (1Y) 40.1% 14.2% -12,708%
EPS CAGR (3Y) – -36.5% -60.9%
Operating cash flow growth (1Y) 52.3% -11.0% 139.3%
Operating cash flow CAGR (3Y) – -13.2% 8.6%
Free cash flow growth (1Y) 1,094% -70.7% 516.9%
Free cash flow CAGR (3Y) – -47.6% -18.3%

Profitability

14 metrics
MetricSWSUZIP
Gross margin 17.9% 28.6% 29.8%
EBITDA margin 13.5% 46.0% 20.4%
Operating margin 4.7% 21.1% 8.8%
Pretax margin 2.3% 25.9% -13.5%
Net margin 1.6% 17.2% -14.2%
FCF margin 3.2% 9.8% 2.0%
Operating cash flow margin 10.5% 34.8% 10.9%
Return on equity 2.7% 16.6% -23.5%
Return on assets 1.1% 4.8% -9.4%
Return on invested capital 3.1% 7.1% 7.5%
Return on capital employed 3.9% 6.4% 7.3%
Asset turnover 0.7x 0.3x 0.7x
Cash conversion (OCF / net income) 6.6x 2.0x -0.8x
Stock comp / revenue 0.4% – –

Financial Health

11 metrics
MetricSWSUZIP
Debt / assets 31.3% 54.2% 25.2%
Debt / equity 0.8x 1.9x 0.6x
Net debt / EBITDA 3.2x 3.1x 1.7x
Debt / FCF 14.0x 20.1x 18.7x
Liabilities / assets 60.0% 70.9% 60.4%
Equity / assets 40.0% 29.1% 39.6%
Interest coverage – 1.4x 6.2x
Current ratio 1.4x 3.4x 1.1x
Quick ratio 0.7x 2.3x 0.7x
Cash ratio 0.1x 1.9x 0.1x
Altman Z-score 1.44 1.03 1.62

Shareholder Returns

7 metrics
MetricSWSUZIP
Dividend yield 4.3% 2.4% 5.6%
Net buyback yield -0.1% – 0.2%
Shareholder yield 4.2% 2.4% 5.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSWSUZIP
Forward P/E 18.4xFY2026 6.1xFY2026 25.3xFY2026
EPS, next fiscal year $2.27FY2026 $1.41FY2026 $1.31FY2026
EPS growth, next FY +10.7%FY2026 -32.5%FY2026 –
EPS growth, the year after +66.5% -28.4% +121.4%
Revenue, next fiscal year $33.69BFY2026 $10.38BFY2026 $22.99BFY2026
Revenue growth, next FY +8.1%FY2026 +7.4%FY2026 -2.7%FY2026
Revenue growth, the year after +8.8% +11.2% +17.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSWSUZIP
Held by institutions 95.9% 5.9% 85.3%
Institutions holding 640 136 855
Change in shares held, QoQ +5.7% +0.6% +4.9%
Institutions buying 373 77 453
Institutions selling 191 46 282
Buyers to sellers 1.95 1.67 1.61

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SWSUZIP
SW 1.00 0.35 0.81
SUZ 0.35 1.00 0.26
IP 0.81 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SW, SUZ and IP?

Smurfit Westrock (SW) is the largest by market capitalisation: Smurfit Westrock (SW) $22.12B, Suzano (SUZ) $10.91B, International Paper (IP) $17.68B.

Which stock is cheaper, SW, SUZ and IP?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (Smurfit Westrock (SW) 44.5x, Suzano (SUZ) 7.0x, International Paper (IP) -5.1x). On next year's consensus earnings, Suzano (SUZ) is cheapest (Smurfit Westrock (SW) 18.4x, Suzano (SUZ) 6.1x, International Paper (IP) 25.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

International Paper (IP) grew revenue fastest over the trailing twelve months: Smurfit Westrock (SW) +1.7%, Suzano (SUZ) +0.7%, International Paper (IP) +25.4%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Smurfit Westrock (SW) 1.6%, Suzano (SUZ) 17.2%, International Paper (IP) -14.2%). On return on invested capital, International Paper (IP) leads (Smurfit Westrock (SW) 3.1%, Suzano (SUZ) 7.1%, International Paper (IP) 7.5%).

Which stock has performed better?

Over the past year Smurfit Westrock (SW) returned the most: Smurfit Westrock (SW) -2.7%, Suzano (SUZ) -4.6%, International Paper (IP) -32.4%. Over five years, Suzano (SUZ) compounded fastest (Smurfit Westrock (SW) -3.0%/yr, Suzano (SUZ) -1.5%/yr, International Paper (IP) -9.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Smurfit Westrock (SW) 44.1%, Suzano (SUZ) 29.8%, International Paper (IP) 45.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SW, SUZ and IP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suzano (SUZ) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.