Smurfit Westrock plc (SW) quarterly balance sheet — complete assets, liabilities & equity history
Smurfit Westrock plc (SW) balance sheet — 22-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 10.82B | 10.55B | 10.44B | 10.88B | 10.98B | 10.63B | 10.05B | 10.54B | 6.61B | 4.18B | 4.57B | 4.58B | 0 | 4.84B | 4.92B | 4.83B | 4.63B | 4.62B | 4.07B | 4.06B |
| Cash & Short-Term Investments | 677M | 674M | 892M | 851M | 778M | 797M | 855M | 951M | 3.1B | 751.55M | 1B | 668.35M | 775.32M | 833.25M | 858.24M | 503.49M | 482M | 983.9M | 855M | 739M |
| Cash Only | 677M | 674M | 892M | 851M | 778M | 797M | 855M | 951M | 3.1B | 751.55M | 1B | 668.35M | 0 | 833.25M | 858.24M | 503.49M | 482M | 983.9M | 855M | 739M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.92B | 4.64B | 4.27B | 4.85B | 5.03B | 4.55B | 4.12B | 4.61B | 1.85B | 1.83B | 1.81B | 0 | 0 | 1.9B | 2.08B | 2.8B | 2.8B | 1.79B | 1.79B | 1.9B |
| Days Sales Outstanding | 54.2 | 59.85 | 55.31 | 56.79 | 54.91 | 50.93 | 55.18 | 43.15 | 60.36 | 60.89 | 63.57 | - | - | 54.08 | 60.68 | 79.84 | 64.66 | 53.09 | 62.53 | 73.94 |
| Inventory | 3.61B | 3.58B | 3.69B | 3.78B | 3.77B | 3.67B | 3.55B | 3.58B | 1.11B | 1.09B | 1.2B | 1.22B | 0 | 1.33B | 1.38B | 1.37B | 1.3B | 1.2B | 1.05B | 1.03B |
| Days Inventory Outstanding | 49.36 | 58.48 | 55.47 | 54.01 | 52.72 | 53.45 | 53.76 | 39.42 | 46.99 | 50.69 | 56.46 | 52.92 | - | 44.99 | 41.7 | 55.25 | 51.16 | 34.2 | 50.48 | 53.4 |
| Other Current Assets | 1.61B | 1.65B | 1.59B | 1.41B | 1.39B | 1.61B | 1.53B | 1.4B | 547.03M | 515.25M | 427.34M | 2.69B | -775.32M | 636.94M | 603.12M | 161.47M | 46M | 543.53M | 280M | 387.41M |
| Total Non-Current Assets | 34.38B | 34.62B | 34.72B | 34.69B | 34.77B | 34.02B | 33.7B | 34.48B | 8.55B | 8.62B | 9.48B | 8.94B | 0 | 8.55B | 8.69B | 8.28B | 7.93B | 8.65B | 7.64B | 8.29B |
| Property, Plant & Equipment | 22.67B | 22.9B | 23.23B | 23.05B | 23.1B | 22.79B | 22.68B | 23.21B | 5.21B | 5.27B | 6.17B | 5.64B | 0 | 5.34B | 5.45B | 5.03B | 4.92B | 5.24B | 4.71B | 4.87B |
| Fixed Asset Turnover | 0.35x | 0.29x | 0.33x | 0.35x | 0.35x | 0.34x | 0.32x | 0.48x | 0.53x | 0.47x | 0.44x | 0.50x | - | 0.63x | 0.71x | 0.64x | 0.63x | 0.62x | 0.57x | 0.52x |
| Goodwill | 7.17B | 7.19B | 7.22B | 7.21B | 7.21B | 6.97B | 6.82B | 7.21B | 2.57B | 2.57B | 2.84B | 0 | 0 | 2.63B | 2.78B | 0 | 0 | 2.84B | 2.51B | 0 |
| Intangible Assets | 1.02B | 1.04B | 1.06B | 1.07B | 1.11B | 1.14B | 1.12B | 1.09B | 193.23M | 199.24M | 218M | 0 | 0 | 232.71M | 235.74M | 2.76B | 2.76B | 238.9M | 211M | 2.56B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26M | 26M | 23.98M | 24M | 23M |
| Other Non-Current Assets | 3.52B | 3.5B | 3.21B | 3.35B | 3.36B | 3.12B | 3.09B | 2.97B | 575.04M | 576.41M | -537.14M | 474.26M | 0 | 197.32M | 230.63M | 349.87M | 219M | 128.87M | 177M | 645.96M |
| Total Assets | 45.2B | 45.17B | 45.16B | 45.57B | 45.75B | 44.65B | 43.76B | 45.03B | 15.15B | 12.81B | 14.05B | 13.51B | 0 | 13.39B | 13.62B | 13.11B | 12.55B | 13.25B | 11.71B | 12.35B |
| Asset Turnover | 0.18x | 0.15x | 0.17x | 0.18x | 0.18x | 0.17x | 0.16x | 0.23x | 0.20x | 0.20x | 0.19x | 0.21x | - | 0.25x | 0.28x | 0.25x | 0.25x | 0.25x | 0.23x | 0.21x |
| Asset Growth % | -1.19% | 1.17% | 3.19% | 1.2% | 201.9% | 248.65% | 211.43% | - | 12.14% | - | 4.97% | 3.03% | -100% | 0.99% | 16.3% | 6.22% | 21.01% | 4.73% | 13.77% | 8.25% |
| Total Current Liabilities | 7.48B | 7.31B | 7.06B | 7.34B | 7.59B | 7.45B | 7.33B | 7.13B | 2.87B | 2.79B | 3.01B | 2.91B | 0 | 3.25B | 3.32B | 3.29B | 3.15B | 3.2B | 2.83B | 2.8B |
| Accounts Payable | 3.47B | 3.34B | 3.6B | 3.26B | 3.38B | 3.17B | 3.29B | 3.36B | 1.44B | 1.4B | 1.73B | 2.5B | 0 | 1.51B | 1.97B | 2.95B | 2.83B | 1.61B | 1.42B | 2.39B |
| Days Payables Outstanding | 46.73 | 55.79 | 50.87 | 47.45 | 46.39 | 47.83 | 50.09 | 40.34 | 60.97 | 69.29 | 98.56 | 108.53 | - | 57.75 | 74.74 | 120.05 | 91.06 | 46.16 | 92.42 | 123.92 |
| Short-Term Debt | 931M | 980M | 346M | 798M | 1.03B | 1.3B | 1.05B | 745M | 361.26M | 316.93M | 191M | 0 | 0 | 86.85M | 94.91M | 186M | 186M | 73.94M | 74M | 153M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 5M | 5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.61B | 2.99B | 2.52B | 2.31B | 2.3B | 2.97B | 2.99B | 2.21B | 705.73M | 697.81M | 649M | 345.58M | 0 | 1.04B | 458.2M | 115.89M | 133M | 942.44M | 306M | 244.47M |
| Current Ratio | 1.45x | 1.44x | 1.48x | 1.48x | 1.45x | 1.43x | 1.37x | 1.48x | 2.30x | 1.50x | 1.52x | 1.57x | - | 1.49x | 1.48x | 1.47x | 1.47x | 1.44x | 1.44x | 1.45x |
| Quick Ratio | 0.96x | 0.95x | 0.95x | 0.97x | 0.95x | 0.93x | 0.89x | 0.98x | 1.92x | 1.11x | 1.12x | 1.15x | - | 1.08x | 1.07x | 1.05x | 1.06x | 1.07x | 1.07x | 1.08x |
| Cash Conversion Cycle | 56.83 | 62.55 | 59.91 | 63.35 | 61.23 | 56.55 | 58.86 | 42.23 | 46.38 | 42.29 | 21.47 | - | - | 41.33 | 27.64 | 15.05 | 24.77 | 41.13 | 20.59 | 3.42 |
| Total Non-Current Liabilities | 19.66B | 19.77B | 19.74B | 19.77B | 19.83B | 19.32B | 19.04B | 19.91B | 6.74B | 4.22B | 4.87B | 4.77B | -4.93B | 4.74B | 4.84B | 4.57B | 4.37B | 5.08B | 4.49B | 4.78B |
| Long-Term Debt | 13.23B | 13.28B | 13.43B | 13.31B | 13.33B | 12.92B | 12.54B | 13.17B | 5.62B | 3.09B | 3.64B | 3.59B | 0 | 3.31B | 3.61B | 0 | 3.23B | 3.3B | 3.3B | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.2M | 25.02M | 295M | 0 | 0 | 264.29M | 288.8M | 385M | 385M | 288.77M | 289M | 334M |
| Deferred Tax Liabilities | 3.37B | 3.41B | 3.3B | 3.46B | 3.48B | 3.61B | 3.6B | 3.68B | 0 | 0 | 280M | 188M | 0 | 203.76M | 0 | 201.61M | 0 | 198.14M | 0 | 204.68M |
| Other Non-Current Liabilities | 3.07B | 3.09B | 3.02B | 3B | 3.02B | 2.79B | 2.9B | 3.06B | 1.09B | 1.11B | 653M | 959.46M | -4.93B | 4.51B | 941.92M | 4.34B | 758M | 4.86B | 899M | 4.55B |
| Total Liabilities | 27.14B | 27.09B | 26.8B | 27.11B | 27.42B | 26.76B | 26.37B | 27.04B | 9.61B | 7.02B | 7.88B | 7.68B | -4.93B | 7.98B | 8.16B | 7.85B | 7.52B | 8.28B | 7.32B | 7.58B |
| Total Debt | 931M | 14.26B | 13.77B | 14.11B | 14.36B | 14.22B | 13.6B | 13.92B | 6B | 3.43B | 4.13B | 3.79B | 0 | 3.74B | 4.09B | 0 | 3.8B | 3.75B | 3.75B | 0 |
| Net Debt | 254M | 13.58B | 12.88B | 13.26B | 13.59B | 13.42B | 12.74B | 12.97B | 2.9B | 2.68B | 3.13B | -668.35M | 0 | 2.91B | 3.23B | -503.49M | 3.32B | 2.77B | 2.9B | -739M |
| Debt / Equity | 0.05x | 0.79x | 0.75x | 0.76x | 0.78x | 0.79x | 0.78x | 0.77x | 1.08x | 0.59x | 0.67x | 0.65x | - | 0.69x | 0.75x | - | 0.75x | 0.75x | 0.85x | - |
| Debt / EBITDA | 3.03x | 15.85x | 12.11x | 11.15x | 12.33x | 11.78x | 14.18x | 25.04x | 15.92x | 8.13x | 13.81x | 7.73x | - | 8.01x | 8.01x | - | 6.64x | 8.23x | 9.71x | - |
| Net Debt / EBITDA | 0.83x | 15.10x | 11.33x | 10.48x | 11.66x | 11.12x | 13.29x | 23.33x | 7.69x | 6.35x | 10.47x | -1.36x | - | 6.23x | 6.33x | -0.88x | 5.80x | 6.07x | 7.50x | -1.97x |
| Interest Coverage | 1.72x | 1.37x | 1.75x | 2.65x | 1.28x | 3.00x | 1.11x | 2.67x | 8.35x | - | 2.95x | - | - | - | - | - | - | - | - | - |
| Total Equity | 18.06B | 18.08B | 18.35B | 18.46B | 18.32B | 17.89B | 17.39B | 17.99B | 5.55B | 5.79B | 6.17B | 5.84B | 4.93B | 5.4B | 5.45B | 5.26B | 5.04B | 4.97B | 4.39B | 4.76B |
| Equity Growth % | -1.44% | 1.08% | 5.56% | 2.6% | 230.4% | 208.91% | 181.62% | - | -4.97% | 17.57% | 14.28% | 10.93% | -2.19% | 8.65% | 24.15% | 10.4% | 25.77% | 6.87% | 16.1% | 38.32% |
| Book Value per Share | 34.50 | 33.56 | 34.06 | 35.09 | 35.10 | 34.01 | 38.00 | 35.42 | 21.43 | 22.27 | 23.79 | 22.41 | 18.99 | 20.45 | 20.74 | 20.31 | 19.44 | 19.00 | 16.76 | 18.47 |
| Total Shareholders' Equity | 18.04B | 18.06B | 18.33B | 18.43B | 18.3B | 17.86B | 17.36B | 17.96B | 5.53B | 5.78B | 6.16B | 5.82B | 4.93B | 5.39B | 5.44B | 5.25B | 5.02B | 4.96B | 4.38B | 4.75B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 2.24B | 2.4B | 2.65B | 2.79B | 2.77B | 3.03B | 2.95B | 3.18B | 3.28B | 3.44B | 3.52B | 2.58B | 0 | 2.3B | 3.15B | 2.09B | 2B | 1.67B | 1.47B | 1.34B |
| Treasury Stock | -34M | -34M | -64M | -65M | -65M | -65M | -93M | -93M | -86.82M | -86.18M | -91M | -84.77M | 0 | -69.71M | -79.6M | -67.9M | -65M | -66.8M | -59M | -70.21M |
| Accumulated OCI | -299M | -401M | -348M | -347M | -428M | -1.08B | -1.45B | -1.01B | -999.78M | -880.37M | -847M | 0 | 4.91B | 0 | -1.23B | 0 | 440M | 0 | 319M | 0 |
| Minority Interest | 24M | 25M | 27M | 26M | 27M | 25M | 27M | 24.17M | 14.94M | 14.83M | 16M | 13M | 0 | 13.94M | 15.31M | 13.58M | 13M | 14.72M | 13M | 15.47M |