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| Date | Value |
|---|---|
| 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% |