SW at a glance
Smurfit Westrock (SW, SEC CIK 2005951) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as September 14, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Smurfit Westrock (SW) reported revenue of $31.2 billion (up 47.7% from FY2024) and net income of $699.0 million. Diluted EPS was $1.33.
- As of June 30, 2026, 38 institutional investment managers tracked by SignalX reported holding Smurfit Westrock (SW) shares worth $10.7 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $31.2B
- +47.7% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 38 funds
- $10.7B · +3 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 7.01 · Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Total debt $13.8B as of Dec 31, 2025; variable-rate portion creates rising interest cost exposure amid elevated rates
- Antitrust class action filed Jul 29, 2025 in U.S. District Court for Northern District of Illinois alleging violations of U.S. antitrust laws
- U.S. tariff implementation and potential retaliatory tariffs threatening cross-border operations across multinational footprint
- Chinese containerboard overcapacity risk: excess regional supply exported at lower prices into Smurfit Westrock's European and LATAM markets
- OCC and wood fiber prices volatile; Asian buyers materially competing for OCC supply, driving cost unpredictability
Management Discussion & Analysis
- Net sales $31,179M, up $10,070M (+48% YoY); $9,845M from WestRock acquisition; organic growth only $225M
- Operating margin 5.5% vs 4.8% (operating profit $1,719M vs $1,007M); effective tax rate improved to 27.1% from 43.0%
- North America best segment: Adjusted EBITDA $2,998M vs $1,610M; Europe MEA/APAC $1,618M vs $1,529M; LATAM $485M vs $378M
- Operating cash flow $3,392M (up $1,909M); capex $2,192M; dividends $900M; net debt reduction $304M; liquidity $5,452M
- Key risks: volume headwinds (-$716M organic impact), mill closures (St. Paul MN, Forney TX), tariff uncertainty, energy cost inflation
Business Overview
- Global scale via July 2024 Smurfit Kappa/WestRock merger; first full-year 10-K as combined entity with ~97,000 employees across three segments
- North America 58.5% of net sales, Europe MEA/APAC 34.8%, LATAM 6.7%; corrugated shipments: 100B sq ft NA, 96.8B sq ft Europe, 23B sq ft LATAM
- 10th bag-in-box facility under construction in U.S.; bag-in-box managed under Europe segment globally, including non-European facilities
- Environmental capex $168M in fiscal 2025; North America mills ~10% long on paper in Europe segment post-combination
- First combined global employee engagement survey launched in 2025 with 80,000+ participants: integration milestone for newly merged workforce
AI summary of the SW 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- MD&A excerpt ends during company overview
- Quarterly revenue and YoY change not provided
- Profitability margins and segment performance not provided
- Cash position, operating cash flow, and capital deployment not provided
- Outlook, guidance, and headwinds not provided
Risk Factors
- No material changes to risk factors since the December 31, 2025 Form 10-K
- Carried-forward business, financial-condition, results, and share-price risks remain applicable
- Credit risk: Amendment No. 6 to credit agreement dated June 18, 2026
- Executive continuity risk: General Counsel employment extended through December 31, 2027
AI summary of the SW 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Exhibit 99.2 furnished under Regulation FD, not deemed filed under Exchange Act Section 18
- Exhibit excluded from automatic incorporation into Securities Act or Exchange Act filings
Item 2.02: Results of Operations and Financial Condition
- Exhibit 99.1 furnished under Item 2.02, indicating accompanying results-of-operations disclosure
- Furnished status limits Exchange Act Section 18 liability and prevents automatic incorporation into other filings
Item EX-99.1: Item EX-99.1
- Q2 net sales $8,031M, up from $7,940M, but Adjusted EBITDA fell to $1,140M from $1,213M
- Adjusted EBITDA margin compressed to 14.2% from 15.3% as freight and other input costs pressured profitability
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders approved all six proposals and re-elected all 12 director nominees
- Executive compensation received 93.82% support, indicating shareholder approval with 6.18% opposition
Item 2.02: Results of Operations and Financial Condition
- Exhibit 99.1 furnished under Item 2.02, with earnings information governed by the attached exhibit
- Information not incorporated into other Securities Act or Exchange Act filings unless expressly referenced
Item EX-99.1: Item EX-99.1
- Q1 net sales $7,712M, but net income fell to $63M from $382M and adjusted EBITDA to $1,076M from $1,252M
- Weather reduced net income and adjusted EBITDA by $65M, primarily affecting North America
Item 7.01: Regulation FD Disclosure
- Exhibit 99.2 furnished under Regulation FD, not deemed filed under Exchange Act Section 18
- Exhibit generally excluded from Securities Act and Exchange Act incorporation by reference
AI summaries of SW 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SW
Don't miss the next SW filing
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- Fund moves. Which tracked funds opened, added or cut SW, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Bowles Ken | A | Sep 10, 2026 | 140 | - |
| Bowles Ken | A | Sep 10, 2026 | 458 | - |
| Sellier Laurent | A | Sep 10, 2026 | 140 | - |
| Garren Ben | A | Sep 10, 2026 | 56 | - |
| Mayer Saverio | A | Sep 10, 2026 | 403 | - |
| Mayer Saverio | A | Sep 10, 2026 | 119 | - |
| Henao Alvaro | A | Sep 10, 2026 | 35 | - |
| Henao Alvaro | A | Sep 10, 2026 | 208 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $21.1B | $31.2B |
| Gross Profit | $3.1B | $4.2B | $6.0B |
| Operating Income | - | $1.0B | $1.7B |
| Net Income | $825.0M | $319.0M | $699.0M |
| Gross Margin | - | 19.9% | 19.4% |
| Op. Margin | - | 4.8% | 5.5% |
| Net Margin | - | 1.5% | 2.2% |
| Balance Sheet | |||
| Total Assets | $14.1B | $43.8B | $45.2B |
| Equity | - | $17.4B | $18.3B |
| ROE | - | 1.8% | 3.8% |
| Per Share | |||
| EPS | $3.17 | $0.82 | $1.33 |
| Cash Flow | |||
| Operating CF | - | $1.5B | $3.4B |
Source: XBRL data in Smurfit Westrock (SW)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SW share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 38 | $10.70B |
| Q1 2026 | 35 | $8.90B |
| Q4 2025 | 35 | $8.11B |
| Q3 2025 | 37 | $9.87B |
| Q2 2025 | 31 | $9.87B |
| Q1 2025 | 32 | $7.96B |
| Q4 2024 | 29 | $8.33B |
| Q3 2024 | 23 | $3.27B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 260 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SW filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
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SW SEC filings: frequently asked questions
Which institutions hold SW stock?
As of June 30, 2026, the largest Smurfit Westrock (SW) holders among the 13F filers tracked by SignalX were BlackRock ($2.1 billion), Vanguard Capital Management LLC ($1.6 billion), State Street Corp ($1.3 billion), Vanguard Portfolio Management LLC ($1.1 billion), Franklin Resources ($622.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SW's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Smurfit Westrock (SW) reported revenue of $31.2 billion (up 47.7% from FY2024) and net income of $699.0 million. Diluted EPS was $1.33. The figures come from the XBRL data in the 10-K.
What are the main risks in SW's latest 10-K?
In the 10-K filed February 27, 2026, Smurfit Westrock (SW) flagged: Total debt $13.8B as of Dec 31, 2025; variable-rate portion creates rising interest cost exposure amid elevated rates. Antitrust class action filed Jul 29, 2025 in U.S. District Court for Northern District of Illinois alleging violations of U.S. antitrust laws. (AI summary of the Risk Factors section.)
What did SW report in its latest 8-K?
Smurfit Westrock (SW) filed an 8-K on July 29, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 2.02 (Results of Operations and Financial Condition). Exhibit 99.2 furnished under Regulation FD, not deemed filed under Exchange Act Section 18.
What are the latest SW SEC filings?
Smurfit Westrock (SW) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on September 14, 2026.
What is SW's SEC CIK number?
Smurfit Westrock (SW)'s SEC Central Index Key (CIK) is 2005951. EDGAR lists every SW filing under that number.
Ask anything about SW
The research agent reads SW's filings, financials, insider trades and 13F holders, then answers with sources.