Smurfit Westrock (SW) Operating Expenses (2023 - 2026)
Smurfit Westrock's (SW) quarterly Operating Expenses came in at $961.0 million in Q1 2026, down 1.23% year-on-year from $973.0 million in Q1 2025, and up 4.46% quarter-over-quarter from $920.0 million in Q4 2025.
Smurfit Westrock (SW) Operating Expenses (2023 - 2026) Analysis & Trends
Smurfit Westrock has disclosed Operating Expenses across 4 years of filings, most recently posting $961.0 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $961.0 million, down 1.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.8 billion (up 14.32% YoY), and the FY2025 annual result was $3.8 billion, up 39.53% from the prior year.
- Operating Expenses came in at $961.0 million for Q1 2026 at Smurfit Westrock, up from $920.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.0 billion in Q3 2024 to a low of $371.0 million in Q3 2023.
- The 4-year median for Operating Expenses is $961.0 million (2024), against an average of $756.0 million.
- Across the five-year window, Operating Expenses surged 171.43% in 2024 and fell 4.37% in 2025, its largest moves.
- Smurfit Westrock's Operating Expenses stood at $428.0 million in 2023, then jumped by 124.53% to $961.0 million in 2024, then decreased by 4.27% to $920.0 million in 2025, then increased by 4.46% to $961.0 million in 2026.
- The last three Operating Expenses figures came in at $961.0 million (Q1 2026), $920.0 million (Q4 2025), and $963.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 21.64 Bn | 20.99 Bn | 1.27 Bn | 961.00 Mn |
| 2 | Packaging Corp Of America | 20.07 Bn | 19.53 Bn | 452.90 Mn | 180.30 Mn |
| 3 | International Paper | 18.03 Bn | 16.73 Bn | 1.73 Bn | 943.00 Mn |
| 4 | Amcor | 17.99 Bn | 16.41 Bn | 1.19 Bn | 532.00 Mn |
| 5 | Ball | 14.38 Bn | 13.50 Bn | 646.00 Mn | 283.00 Mn |
| 6 | Avery Dennison | 12.23 Bn | 11.97 Bn | 664.80 Mn | 375.10 Mn |
| 7 | Crown Holdings | 10.71 Bn | 10.62 Bn | 644.00 Mn | 239.00 Mn |
| 8 | Sonoco Products | 4.95 Bn | 4.75 Bn | 345.63 Mn | 201.54 Mn |
| 9 | Reynolds Consumer Products | 4.85 Bn | 4.78 Bn | 207.00 Mn | 109.00 Mn |
| 10 | Silgan Holdings | 4.09 Bn | 3.66 Bn | 265.78 Mn | 140.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |