Smurfit Westrock (SW) Operating Expenses (2023 - 2026)
Smurfit Westrock's (SW) quarterly Operating Expenses came in at $1.1 billion in Q2 2026, down 12.39% year-over-year from $1.2 billion in Q2 2025, and up 7.29% quarter-over-quarter from $1.0 billion in Q1 2026.
Analysis
Smurfit Westrock (SW) Operating Expenses (2023 - 2026) Analysis & Trends
Smurfit Westrock has disclosed Operating Expenses across 4 years of filings, most recently posting $1.1 billion for Q2 2026.
- In Q2 2026, Operating Expenses fell 12.39% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $4.1 billion (down 4.18% YoY), while the FY2025 annual figure was $4.2 billion, up 50.52% from the prior year.
- Operating Expenses came in at $1.1 billion for Q2 2026 at Smurfit Westrock, up from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.2 billion in Q2 2025 to a low of $371.0 million in Q3 2023.
- Average Operating Expenses over 4 years is $825.0 million, with a median of $992.0 million recorded in 2024.
- Year-over-year, Operating Expenses surged 219.54% in 2025 and decreased 12.39% in 2026.
- Over 4 years, Operating Expenses stood at $428.0 million in 2023, then surged by 132.71% to $996.0 million in 2024, then slipped by 5.12% to $945.0 million in 2025, then climbed by 15.24% to $1.1 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.1 billion in Q2 2026, $1.0 billion in Q1 2026, and $945.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 991.00 Mn |
| 2 | Smurfit Westrock | 22.12 Bn | 21.44 Bn | 1.40 Bn | 1.09 Bn |
| 3 | Packaging Corp Of America | 20.62 Bn | 20.03 Bn | 512.50 Mn | 179.30 Mn |
| 4 | Sonoco Products | 4.82 Bn | 4.65 Bn | 392.38 Mn | 202.18 Mn |
| 5 | Graphic Packaging Holding | 2.79 Bn | 2.58 Bn | 292.00 Mn | 186.00 Mn |
| 6 | Ranpak Holdings | 341.67 Mn | 298.47 Mn | 34.50 Mn | 36.20 Mn |
| 7 | Clearwater Paper | 317.20 Mn | 221.80 Mn | -10.40 Mn | 398.70 Mn |
| 8 | Millennium Group International Holdings | 17.10 Mn | 10.24 Mn | - | - |
| 9 | Dss | 7.79 Mn | 2.64 Mn | - | 7.39 Mn |
| 10 | It Tech Packaging | 2.21 Mn | -7.55 Mn | 2.02 Mn | 3.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09 Bn |
| Mar 31, 2026 | 1.02 Bn |
| Dec 31, 2025 | 945.00 Mn |
| Sep 30, 2025 | 1.03 Bn |
| Jun 30, 2025 | 1.24 Bn |
| Mar 31, 2025 | 988.00 Mn |
| Dec 31, 2024 | 996.00 Mn |
| Sep 30, 2024 | 1.03 Bn |
| Jun 30, 2024 | 389.00 Mn |
| Mar 31, 2024 | 380.00 Mn |
| Dec 31, 2023 | 428.00 Mn |
| Sep 30, 2023 | 371.00 Mn |