Smurfit Westrock (SW) Operating Margin (2023 - 2026)
Smurfit Westrock's Operating Margin was 3.85% in Q2 2026, up 0.69 percentage points from 3.16% a year earlier and up 0.57 percentage points from the prior quarter.
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Analysis
Smurfit Westrock (SW) Operating Margin (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Smurfit Westrock's Operating Margin was 4.71% through Jun 30, 2026, up 0.62 percentage points year-over-year; for FY2025, it was 5.51%, up 0.74 percentage points from FY2024.
- Operating Margin shows a three-year change of -6.02 percentage points (FY2022 to FY2025).
- In earlier years, Operating Margin was 4.77% in FY2024 (-6.57 pp), 11.35% in FY2023 (-0.19 pp) and 11.53% in FY2022.
- Quarterly Operating Margin has moved between 0.72% (Q3 2024) and 12.14% (Q3 2023) over five years.
- Compared with a year earlier, Operating Margin was higher in two of the last eight quarters, with an average year-over-year change of -2.29 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q3 2025 (a gain of 5.86 percentage points); the worst was Q3 2024 (a drop of 11.43 percentage points).
- Per Business Quant data, SW's Operating Margin in the three quarters before Q2 2026 was 3.28% (Q1 2026), 5.13% (Q4 2025) and 6.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Smurfit Westrock | 23.27 Bn | 20.20 Bn | 1.40 Bn | 3.85% |
| 2 | International Paper | 20.90 Bn | 16.80 Bn | 1.66 Bn | 11.14% |
| 3 | Packaging Corp Of America | 20.79 Bn | 18.33 Bn | 512.50 Mn | 11.70% |
| 4 | Amcor | 19.64 Bn | 15.07 Bn | 1.34 Bn | 10.10% |
| 5 | Ball | 15.00 Bn | 12.01 Bn | 697.00 Mn | 9.63% |
| 6 | Crown Holdings | 11.57 Bn | 8.90 Bn | 748.00 Mn | 12.65% |
| 7 | Sonoco Products | 4.90 Bn | 3.91 Bn | 392.38 Mn | 10.23% |
| 8 | Silgan Holdings | 3.71 Bn | 1.45 Bn | 294.88 Mn | 9.12% |
| 9 | Graphic Packaging Holding | 2.72 Bn | 1.95 Bn | 292.00 Mn | 4.34% |
| 10 | Ardagh Metal Packaging | 2.59 Bn | 2.60 Bn | 238.00 Mn | 6.71% |
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% |
API Access
Smurfit Westrock Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=SW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "SW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=SW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();