Smurfit Westrock (SW) Gross Margin (2023 - 2026)

Smurfit Westrock's (SW) quarterly Gross Margin came in at 16.44% in Q1 2026, down 416.0% year-on-year from 5.2% in Q1 2025, and down 9.82% quarter-over-quarter from 18.23% in Q4 2025.

Smurfit Westrock (SW) Gross Margin (2023 - 2026) Analysis & Trends

Smurfit Westrock has disclosed Gross Margin across 4 years of filings, most recently posting 16.44% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 16.44%, down 416.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.36% (down 124.0% YoY), and the FY2025 annual result was 19.38%, down 49.0% from the prior year.
  • Gross Margin came in at 16.44% for Q1 2026 at Smurfit Westrock, down from 18.23% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 25.45% in Q3 2023 to a low of 16.44% in Q1 2026.
  • The 4-year median for Gross Margin is 19.61% (2025), against an average of 20.75%.
  • Across the five-year window, Gross Margin sank 786 bps in 2024 and jumped 201 bps in 2025, its largest moves.
  • Smurfit Westrock's Gross Margin stood at 24.49% in 2023, then declined by 22 bps to 19.13% in 2024, then dropped by 5 bps to 18.23% in 2025, then retreated by 10 bps to 16.44% in 2026.
  • The last three Gross Margin figures came in at 16.44% (Q1 2026), 18.23% (Q4 2025), and 19.61% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Smurfit Westrock 21.64 Bn 20.99 Bn 1.27 Bn 16.44%
2 Packaging Corp Of America 20.07 Bn 19.53 Bn 452.90 Mn 19.13%
3 International Paper 18.03 Bn 16.73 Bn 1.73 Bn 28.92%
4 Amcor 17.99 Bn 16.41 Bn 1.19 Bn 20.12%
5 Ball 14.38 Bn 13.50 Bn 646.00 Mn 17.93%
6 Avery Dennison 12.23 Bn 11.97 Bn 664.80 Mn 28.92%
7 Crown Holdings 10.71 Bn 10.62 Bn 644.00 Mn 19.76%
8 Sonoco Products 4.95 Bn 4.75 Bn 345.63 Mn 20.62%
9 Reynolds Consumer Products 4.85 Bn 4.78 Bn 207.00 Mn 23.60%
10 Silgan Holdings 4.09 Bn 3.66 Bn 265.78 Mn 17.02%

Historic Data

Download Data
DateValue
Mar 31, 2026 16.44%
Dec 31, 2025 18.23%
Sep 30, 2025 19.61%
Jun 30, 2025 19.08%
Mar 31, 2025 20.60%
Dec 31, 2024 19.13%
Sep 30, 2024 17.60%
Jun 30, 2024 23.34%
Mar 31, 2024 24.23%
Dec 31, 2023 24.49%
Sep 30, 2023 25.45%