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What changed in Smurfit Westrock plc's latest annual report

In the year ended 31 Dec 2025, Smurfit Westrock plc's revenue rose 47.7% to USD 31.18bn, from USD 21.11bn; net income rose 119.1% to USD 699.00m, from USD 319.00m; shareholders' equity rose 5.6% to USD 18.33bn, from USD 17.36bn.

Year ended 31 Dec 2025. Source: 10-K filed 27 Feb 2026, read it on SEC EDGAR.

USD 21.11bn to USD 31.18bn

Revenue, up 47.7% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue21.11bn31.18bnUp 47.7%
Net income319.00m699.00mUp 119.1%
Total assets43.76bn45.16bnUp 3.2%
Total liabilities26.37bn26.80bnUp 1.6%
Long-term debt13.06bn13.22bnUp 1.3%
Cash and cash equivalents855.00m892.00mUp 4.3%
Shareholders' equity17.36bn18.33bnUp 5.6%

Questions people ask

Did Smurfit Westrock plc's revenue grow last year?

Revenue grew 47.7%, from USD 21.11bn to USD 31.18bn in the year ended 31 Dec 2025.

Is Smurfit Westrock plc profitable?

Yes. Net income was USD 699.00m in the year ended 31 Dec 2025. The year before: USD 319.00m.

How much cash and debt does Smurfit Westrock plc have?

At its latest year end (31 Dec 2025), Smurfit Westrock plc reported cash and cash equivalents of USD 892.00m and long-term debt of USD 13.22bn.

Where do these numbers come from?

From Smurfit Westrock plc's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Smurfit Westrock plc (SW) 10-K: what changed year on year | LYNORIQ Insights