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| 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 |