Smurfit Westrock (SW) Gross Margin (2023 - 2026)
Smurfit Westrock's (SW) quarterly Gross Margin came in at 17.42% in Q2 2026, down 166.0% year-over-year from 26.39% in Q2 2025, and up 5.95% quarter-over-quarter from 16.44% in Q1 2026.
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Smurfit Westrock (SW) Gross Margin (2023 - 2026) Analysis & Trends
Smurfit Westrock has disclosed Gross Margin across 4 years of filings, most recently posting 17.42% for Q2 2026.
- In Q2 2026, Gross Margin fell 166.0% year-over-year to 17.42%; the TTM figure through Jun 2026 stood at 17.93% (down 117.0% YoY), while the FY2025 annual figure was 19.38%, down 49.0% from the prior year.
- Gross Margin came in at 17.42% for Q2 2026 at Smurfit Westrock, up from 16.44% 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.
- Average Gross Margin over 4 years is 20.47%, with a median of 19.37% recorded in 2024.
- Year-over-year, Gross Margin plunged 786 bps in 2024 and surged 201 bps in 2025.
- Over 4 years, 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 decreased by 4 bps to 17.42% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 17.42% in Q2 2026, 16.44% in Q1 2026, and 18.23% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 27.65% |
| 2 | Smurfit Westrock | 24.03 Bn | 23.38 Bn | 1.40 Bn | 17.42% |
| 3 | Packaging Corp Of America | 21.15 Bn | 20.55 Bn | 512.50 Mn | 20.58% |
| 4 | Sonoco Products | 5.13 Bn | 4.98 Bn | 392.38 Mn | 20.81% |
| 5 | Graphic Packaging Holding | 3.08 Bn | 2.88 Bn | 292.00 Mn | 13.35% |
| 6 | Ranpak Holdings | 390.16 Mn | 346.96 Mn | 34.50 Mn | 32.79% |
| 7 | Clearwater Paper | 337.07 Mn | 241.67 Mn | -10.40 Mn | -2.77% |
| 8 | Millennium Group International Holdings | 17.21 Mn | 10.37 Mn | - | - |
| 9 | Dss | 8.34 Mn | 12.01 Mn | - | - |
| 10 | It Tech Packaging | 2.18 Mn | -7.59 Mn | 2.02 Mn | 7.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.42% |
| 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% |