Smurfit Westrock (SW) Gross Margin (2023 - 2026)
Smurfit Westrock (SW) posted quarterly Gross Margin of 17.42% for Q2 2026, down 166.0% year-over-year from 26.39% in Q2 2025, and up 5.95% on a QoQ basis from 16.44% in Q1 2026.
Smurfit Westrock (SW) Gross Margin (2023 - 2026) Analysis & Trends
Smurfit Westrock has reported Gross Margin for 4 years, with the latest figure at 17.42% in Q2 2026.
- Gross Margin for Q2 2026 came in at 17.42%, down 166.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 17.93% (down 117.0% YoY), and the FY2025 annual result was 19.38%, down 49.0% from the prior year.
- Gross Margin climbed to 17.42% in Q2 2026, from 16.44% in the prior quarter.
- Over five years, Gross Margin peaked at 25.45% in Q3 2023 and troughed at 16.44% in Q1 2026.
- A 4-year average of 20.47% and a median of 19.37% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2024, when Gross Margin sank 786 bps; it then jumped 201 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 24.49% in 2023, then retreated by 22 bps to 19.13% in 2024, then fell by 5 bps to 18.23% in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.18 Bn | 24.51 Bn | 1.40 Bn | 17.42% |
| 2 | Amcor | 22.16 Bn | 21.04 Bn | 1.34 Bn | 20.90% |
| 3 | Packaging Corp Of America | 22.12 Bn | 21.53 Bn | 512.50 Mn | 20.58% |
| 4 | International Paper | 21.39 Bn | 20.66 Bn | 1.66 Bn | 27.65% |
| 5 | Ball | 16.67 Bn | 16.00 Bn | 697.00 Mn | 17.44% |
| 6 | Avery Dennison | 13.95 Bn | 13.72 Bn | 729.40 Mn | 29.62% |
| 7 | Crown Holdings | 12.81 Bn | 12.16 Bn | 748.00 Mn | 20.39% |
| 8 | Sonoco Products | 5.80 Bn | 5.63 Bn | 392.38 Mn | 20.81% |
| 9 | Reynolds Consumer Products | 5.37 Bn | 5.31 Bn | 245.00 Mn | 25.95% |
| 10 | Silgan Holdings | 4.34 Bn | 3.99 Bn | 294.88 Mn | 17.94% |
Historic Data
Download 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% |