Smurfit Westrock Plc (SW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SW Revenue Growth
Revenue Breakdown (FY 2025)
SW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SW Revenue Analysis (2014–2025)
As of May 8, 2026, Smurfit Westrock Plc (SW) generated trailing twelve-month (TTM) revenue of $31.23 billion, reflecting modest growth of +0.7% year-over-year. The most recent quarter (Q1 2026) recorded $7.71 billion in revenue, up 1.7% sequentially.
Looking at the longer-term picture, SW's 5-year compound annual growth rate (CAGR) stands at +29.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $31.18 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SW's business is primarily driven by North America Segment (59%), Europe, Middle East and Africa, And Asia-Pacific Segment (34%), and Latin America Segment (7%). With over half of revenue concentrated in North America Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including IP (+25.5% YoY), PKG (+7.2% YoY), and GPK (-0.2% YoY), SW has underperformed the peer group in terms of revenue growth. Compare SW vs IP →
SW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SWCurrent | $31.2B | +0.7% | +29.6% | 7.1% | |
 IP | $24.9B | +25.5% | +7.2% | -11.3% | |
 PKG | $9.0B | +7.2% | +6.2% | 14.0% | |
 GPK | $8.6B | -0.2% | +5.6% | 10.1% | |
 SON | $7.5B | +39.2% | +7.5% | 9.5% | |
 SEE | $5.4B | -0.6% | +1.8% | 13.5% |
SW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $31.18B | +53.0% | $6.04B | 19.4% | $2.22B | 7.1% |
| 2024 | $20.38B | +86.0% | $4.05B | 19.9% | $972.1M | 4.8% |
| 2023 | $10.95B | -13.2% | $2.77B | 25.3% | $1.24B | 11.3% |
| 2022 | $12.62B | +20.3% | $3.06B | 24.2% | $1.46B | 11.5% |
| 2021 | $10.48B | +22.9% | $2.35B | 22.4% | $1.10B | 10.5% |
| 2020 | $8.53B | -5.7% | $2.87B | 33.7% | $891.0M | 10.4% |
| 2019 | $9.05B | -11.6% | $3.00B | 33.2% | $884.0M | 9.8% |
| 2018 | $10.23B | -0.4% | $3.38B | 33.1% | $1.19B | 11.6% |
| 2017 | $10.27B | +19.7% | $3.06B | 29.8% | $956.2M | 9.3% |
| 2016 | $8.58B | -3.2% | $2.60B | 30.3% | $857.1M | 10.0% |
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Start ComparisonSW — Frequently Asked Questions
Quick answers to the most common questions about buying SW stock.
Is SW's revenue growth accelerating or slowing?
SW revenue growth slowed to +0.7%, below the 5-year CAGR of +29.6%. TTM revenue is $31.2B. The deceleration marks a shift from historical growth rates.
What is SW's long-term revenue growth rate?
Smurfit Westrock Plc's 5-year revenue CAGR of +29.6% reflects the variable expansion pattern. Current YoY growth of +0.7% is near this long-term average.
How is SW's revenue distributed by segment?
SW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.