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
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