Smurfit Westrock (SW) Operating Expenses (2023 - 2026)
Smurfit Westrock (SW) posted quarterly Operating Expenses of $1.1 billion for Q2 2026, down 12.39% year-over-year from $1.2 billion in Q2 2025, and up 7.29% on a QoQ basis from $1.0 billion in Q1 2026.
Smurfit Westrock (SW) Operating Expenses (2023 - 2026) Analysis & Trends
Smurfit Westrock has reported Operating Expenses for 4 years, with the latest figure at $1.1 billion in Q2 2026.
- Operating Expenses for Q2 2026 came in at $1.1 billion, down 12.39% year-over-year; the trailing twelve-month figure through Jun 2026 was $4.1 billion (down 4.18% YoY), and the FY2025 annual result was $4.2 billion, up 50.52% from the prior year.
- Operating Expenses advanced to $1.1 billion in Q2 2026, from $1.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q2 2025 and troughed at $371.0 million in Q3 2023.
- A 4-year average of $825.0 million and a median of $992.0 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2025, when Operating Expenses jumped 219.54%; it then retreated 12.39% in 2026.
- A 4-year view of Operating Expenses shows it stood at $428.0 million in 2023, then jumped by 132.71% to $996.0 million in 2024, then declined by 5.12% to $945.0 million in 2025, then increased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 25.86 Bn | 25.18 Bn | 1.40 Bn | 1.09 Bn |
| 2 | Amcor | 22.48 Bn | 21.37 Bn | 1.34 Bn | 646.00 Mn |
| 3 | Packaging Corp Of America | 22.35 Bn | 21.76 Bn | 512.50 Mn | 179.30 Mn |
| 4 | International Paper | 21.98 Bn | 21.25 Bn | 1.66 Bn | 991.00 Mn |
| 5 | Ball | 16.88 Bn | 16.21 Bn | 697.00 Mn | 312.00 Mn |
| 6 | Avery Dennison | 14.03 Bn | 13.80 Bn | 729.40 Mn | 394.80 Mn |
| 7 | Crown Holdings | 13.01 Bn | 12.36 Bn | 748.00 Mn | 249.00 Mn |
| 8 | Sonoco Products | 5.90 Bn | 5.73 Bn | 392.38 Mn | 202.18 Mn |
| 9 | Reynolds Consumer Products | 5.36 Bn | 5.30 Bn | 245.00 Mn | 107.00 Mn |
| 10 | Silgan Holdings | 4.41 Bn | 4.06 Bn | 294.88 Mn | 144.94 Mn |
Historic Data
Download 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 |