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Smurfit WestRock (SW) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Cyclical•Packaging & Containers
D
WeakMetricSide Score: 38/100
ProfitabilityProfit9/30
GrowthGrowth12/25
Balance SheetBalance15/25
Cash QualityCash2/20
Price & Volume
Market Cap $24.02B

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft paper, and graphic board, as well as other packaging products, such as solidboard packaging, paper sacks and bag-in-box. It produces linerboard and corrugated medium and paperboard; and other paper-based packaging, such as folding cartons, inserts, labels and displays. The company primarily serves food and beverage, healthcare, beauty and personal care, garden, consumer goods, industrial, and foodservice markets. It markets its products through its own sales force, independent sales representatives, and independent distributors. Smurfit Westrock Plc was founded in 1934 and is headquartered in Dublin, Ireland.

Moat Signals

Competitive analysis based on 8 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging -153745.9%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Moderate Moat

ROE is positive at ~3.9% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Weak Moat

Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -1.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Healthy

D/E ratio is 0.7 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Share Dilution

Red Flag

Shares outstanding increased 10888927.7% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$31.23B
8.6%
Q. Revenue
$7.71B
TTM EBITDA
$4.09B
12.9%
TTM Op. Income
$1.42B
9.0%
Q. Op. Income
$253.00M
TTM Net Income
$380.00M
45.9%
Q. Net Income
$65.00M
EPS
$0.12
Shares Out.
$523.00M
0.4%
$31.23B in TTM revenue grew 8.6% YoY, reaching $7.71B last quarter. TTM EBITDA of $4.09B and TTM operating income of $1.42B shows growth is flowing through. Net income of $380.00M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
16.4%
20.2%
EBITDA Margin
12.7%
Op. Margin
3.3%
54.6%
Net Margin
0.8%
83.2%
Op. margin of 3.3% is down 3.9% YoY — costs are rising relative to revenue. Net margin at 0.8% and gross margin of 16.4% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
63.2x
P/S Ratio
0.8x
P/B Ratio
1.3x
At 63.2x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 0.8x and P/B of 1.3x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$45.17B
Cash
$674.00M
Long-Term Debt
$13.28B
Book Value
$18.06B
D/E Ratio
0.7
Debt/EBITDA
13.5
With $45.17B in assets and $13.28B in long-term debt, the D/E of 0.7and book value of $18.06B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$204.00M
Free Cash Flow
$-420.00M
73.6%
FCF Margin
-1.3%
FCF / Net Income
-6.5
FCF of $-420.00M on $204.00M in operating cash flow. The FCF / Net Income ratio of -1.1x shows cash consumption — the business is not yet self-funding.

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