Smurfit Westrock (SW) Operating Margin (2023 - 2026)
Smurfit Westrock's (SW) quarterly Operating Margin came in at 3.85% in Q2 2026, up 69.0% year-over-year from 2.28% in Q2 2025, and up 17.28% quarter-over-quarter from 3.28% in Q1 2026.
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Smurfit Westrock (SW) Operating Margin (2023 - 2026) Analysis & Trends
Smurfit Westrock has disclosed Operating Margin across 4 years of filings, most recently posting 3.85% for Q2 2026.
- In Q2 2026, Operating Margin rose 69.0% year-over-year to 3.85%; the TTM figure through Jun 2026 stood at 4.71% (up 62.0% YoY), while the FY2025 annual figure was 5.51%, up 74.0% from the prior year.
- Operating Margin came in at 3.85% for Q2 2026 at Smurfit Westrock, up from 3.28% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 12.14% in Q3 2023 to a low of 0.72% in Q3 2024.
- Average Operating Margin over 4 years is 6.03%, with a median of 5.8% recorded in 2024.
- Year-over-year, Operating Margin plunged 1143 bps in 2024 and soared 586 bps in 2025.
- Over 4 years, Operating Margin stood at 6.29% in 2023, then retreated by 15 bps to 5.32% in 2024, then retreated by 4 bps to 5.13% in 2025, then retreated by 25 bps to 3.85% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 3.85% in Q2 2026, 3.28% in Q1 2026, and 5.13% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Paper | 51.92 Bn | 51.20 Bn | 1.66 Bn | 11.14% |
| 2 | Smurfit Westrock | 22.15 Bn | 21.47 Bn | 1.40 Bn | 3.85% |
| 3 | Packaging Corp Of America | 20.51 Bn | 19.92 Bn | 512.50 Mn | 11.70% |
| 4 | Sonoco Products | 4.79 Bn | 4.62 Bn | 392.38 Mn | 10.23% |
| 5 | Graphic Packaging Holding | 2.80 Bn | 2.59 Bn | 292.00 Mn | 4.34% |
| 6 | Ranpak Holdings | 344.67 Mn | 301.47 Mn | 34.50 Mn | -2.28% |
| 7 | Clearwater Paper | 316.23 Mn | 220.83 Mn | -10.40 Mn | -6.38% |
| 8 | Millennium Group International Holdings | 17.10 Mn | 10.24 Mn | - | - |
| 9 | Dss | 7.62 Mn | 2.46 Mn | - | -105.05% |
| 10 | It Tech Packaging | 2.20 Mn | -7.57 Mn | 2.02 Mn | -3.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.85% |
| Mar 31, 2026 | 3.28% |
| Dec 31, 2025 | 5.13% |
| Sep 30, 2025 | 6.57% |
| Jun 30, 2025 | 3.16% |
| Mar 31, 2025 | 7.22% |
| Dec 31, 2024 | 5.32% |
| Sep 30, 2024 | 0.72% |
| Jun 30, 2024 | 8.22% |
| Mar 31, 2024 | 10.48% |
| Dec 31, 2023 | 6.29% |
| Sep 30, 2023 | 12.14% |