Smurfit WestRock (SW) Margins & Profitability 2024-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 16.4%
EBITDA Margin: 12.7%
Op. Margin: 3.3%
Net Margin: 0.8%

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..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit