Smurfit Westrock (SW) Operating Expenses (2023 - 2026)

Smurfit Westrock (SW) posted Operating Expenses of $961.0 million for Q1 2026, up 4.46% sequentially from $920.0 million in Q4 2025, and down 1.23% YoY from $973.0 million in Q1 2025.

Smurfit Westrock (SW) Operating Expenses (2023 - 2026) Analysis & Trends

Smurfit Westrock (SW) has 4 years of Operating Expenses data on file, last reported at $961.0 million in Q1 2026.

  • Quarterly Operating Expenses fell 1.23% year-over-year to $961.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.8 billion (up 14.32% YoY) and the FY2025 annual result came in at $3.8 billion, up 39.53% from the prior year.
  • Operating Expenses climbed to $961.0 million in Q1 2026 per SW's latest filing, from $920.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.0 billion in Q3 2024, with the low at $371.0 million in Q3 2023.
  • Average Operating Expenses over 4 years is $756.0 million, with a median of $961.0 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 171.43% in 2024 and dropped 4.37% in 2025.
  • Smurfit Westrock's Operating Expenses stood at $428.0 million in 2023, then jumped by 124.53% to $961.0 million in 2024, then declined by 4.27% to $920.0 million in 2025, then advanced by 4.46% to $961.0 million in 2026.
  • Business Quant data shows SW's Operating Expenses at $961.0 million in Q1 2026, $920.0 million in Q4 2025, and $963.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ball 88.75 Bn 87.87 Bn 646.00 Mn 283.00 Mn
2 International Paper 24.05 Bn 22.75 Bn 1.73 Bn 943.00 Mn
3 Avery Dennison 12.53 Bn 12.27 Bn 664.80 Mn 375.10 Mn
4 Crown Holdings 12.47 Bn 12.38 Bn 644.00 Mn 239.00 Mn
5 Reynolds Consumer Products 5.71 Bn 5.64 Bn 207.00 Mn 109.00 Mn
6 Sonoco Products 5.57 Bn 5.37 Bn 345.63 Mn 201.54 Mn
7 Silgan Holdings 4.87 Bn 4.43 Bn 265.78 Mn 140.22 Mn
8 Graphic Packaging Holding 3.15 Bn 2.96 Bn 306.00 Mn 273.00 Mn
9 Ardagh Metal Packaging 2.81 Bn 2.81 Bn 179.00 -86.00
10 Smurfit Westrock 46.10 Mn -602.90 Mn 1.27 Bn 961.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 961.00 Mn
Dec 31, 2025 920.00 Mn
Sep 30, 2025 963.00 Mn
Jun 30, 2025 963.00 Mn
Mar 31, 2025 973.00 Mn
Dec 31, 2024 961.00 Mn
Sep 30, 2024 1.01 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