Smurfit Westrock plc (SW) closed fiscal year 2025 with a gross margin of 19.4 % and a net margin of 2.2 %.
Smurfit Westrock plc (SW) closed fiscal year 2025 with a gross margin of 19.4 % and a net margin of 2.2 %. The same year shows an EBITDA margin of 13.7 % and an EBIT margin of 5.5 %. The free cash flow margin was 3.8 %. Against the previous year the gross margin moved −0.5 pp and the net margin +0.7 pp. Across the period the gross margin ranges between 19.4 % in 2025 and 25.3 % in 2023. The series covers 4 fiscal years, from 2022 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Gross margin (%) | 24.22 % | 25.25 % | 19.87 % | 19.38 % |
| EBITDA margin (%) | 15.71 % | 16.14 % | 11.71 % | 13.69 % |
| EBIT margin (%) | 11.53 % | 11.35 % | 4.77 % | 5.51 % |
| Net margin (%) | 7.65 % | 6.82 % | 1.51 % | 2.24 % |
| FCF margin (%) | 3.72 % | 5.21 % | 0.08 % | 3.85 % |
