Smurfit Westrock (SW) Cost of Revenue (2023 - 2026)
Smurfit Westrock's Cost of Revenue was $6.72 billion in Q3 2026, up 4.5% from $6.43 billion a year earlier and up 1.3% from the prior quarter.
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Analysis
Smurfit Westrock (SW) Cost of Revenue (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Smurfit Westrock's Cost of Revenue was $26 billion through Sep 30, 2026, up 3.8% year-over-year; for FY2025, it came in at $25.14 billion, up 48.6% from FY2024.
- Cost of Revenue shows a three-year compound annual growth rate of 34.9% (FY2022 to FY2025).
- In earlier years, Cost of Revenue was $16.91 billion in FY2024 (+87.1%), $9.04 billion in FY2023 (-11.7%) and $10.24 billion in FY2022.
- The Q3 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q3 2023.
- Compared with a year earlier, Cost of Revenue has increased for nine straight quarters, with growth averaging 69.4% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 1.7% (Q4 2025) and 190.9% (Q3 2024) over the last five years.
- Per Business Quant data, SW's Cost of Revenue in the three quarters before Q3 2026 was $6.63 billion (Q2 2026), $6.44 billion (Q1 2026) and $6.2 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.45 Bn | 20.49 Bn | 1.44 Bn | 6.72 Bn |
| 2 | Packaging Corp Of America | 22.86 Bn | 20.43 Bn | 603.90 Mn | 2.00 Bn |
| 3 | Amcor | 21.29 Bn | 16.70 Bn | 1.16 Bn | 4.97 Bn |
| 4 | International Paper | 18.76 Bn | 14.84 Bn | 1.93 Bn | 4.26 Bn |
| 5 | Ball | 17.84 Bn | 14.99 Bn | 709.00 Mn | 3.48 Bn |
| 6 | Crown Holdings | 13.45 Bn | 10.81 Bn | 724.00 Mn | 2.99 Bn |
| 7 | Sonoco Products | 5.09 Bn | 4.13 Bn | 405.32 Mn | 1.64 Bn |
| 8 | Silgan Holdings | 4.50 Bn | 2.31 Bn | 328.59 Mn | 1.71 Bn |
| 9 | Graphic Packaging Holding | 3.29 Bn | 2.30 Bn | 307.00 Mn | 1.89 Bn |
| 10 | Ardagh Metal Packaging | 2.88 Bn | 1.81 Bn | 197.00 Mn | 1.50 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.72 Bn |
| Jun 30, 2026 | 6.63 Bn |
| Mar 31, 2026 | 6.44 Bn |
| Dec 31, 2025 | 6.20 Bn |
| Sep 30, 2025 | 6.43 Bn |
| Jun 30, 2025 | 6.43 Bn |
| Mar 31, 2025 | 6.08 Bn |
| Dec 31, 2024 | 6.10 Bn |
| Sep 30, 2024 | 6.32 Bn |
| Jun 30, 2024 | 2.28 Bn |
| Mar 31, 2024 | 2.22 Bn |
| Dec 31, 2023 | 2.16 Bn |
| Sep 30, 2023 | 2.17 Bn |
API Access
Smurfit Westrock Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();