Short answer
Smurfit Westrock (SW) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8.0B (down 41.0% year over year) with net income of $246M.
Q3 2025 key financials · XBRL
- Revenue
- $8.0B
- −41.0% YoY · +0.8% QoQ
- Net income
- $246M
- +42.2% YoY · +978.6% QoQ
- Operating margin
- 6.6%
- Gross margin
- 19.6%
- EPS (diluted)
- $0.46
- −91.7% YoY · +1020.0% QoQ
Source: XBRL data from the Smurfit Westrock (SW) Q3 2025 10-Q on SEC EDGAR. USD.
Smurfit Westrock Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $8,003M Q3 2025, up $332M YoY from $7,671M; nine months $23,599M up $10,029M from $13,570M, driven by WestRock acquisition ($270M Q3, $9,845M 9M)
- Operating margin roughly 16.6% Q3 2025 (gross profit $1,569M / sales $8,003M) vs 17.6% YoY (1,350/7,671); Adjusted EBITDA $1,302M Q3 vs $1,265M prior year, nine months $3,767M vs $2,220M
- Best performing segment: North America Adjusted EBITDA $810M Q3 up $30M YoY, $2,347M nine months up $1,447M; worst: LATAM Adjusted EBITDA flat $116M Q3, 9M $354M up $97M but excluding WestRock down $20M
- Cash & equivalents $851M Sept 30, 2025; operating cash flow $2,197M nine months up $1,495M YoY; capex $1,609M nine months; debt $14,171M, net increase $516M nine months; dividends $675M paid
- Management notes capacity reductions with mill closures reducing capacity by 500,000 tons; expects closures not to impact net sales; cautions on tariffs, costs, and inflation headwinds but positive price mix effects
Risk Factors
- No new or changed risk factors since 2024 10-K, indicating risk profile stability this quarter
- Carried-forward operational risks include potential supply chain disruptions impacting production continuity
- Regulatory risks related to environmental compliance and changing packaging standards persist affecting cost structure
- Market risk from fluctuating paper and packaging demand tied to economic cycles remains significant
- Financial risks involve currency exposure due to international operations and debt maturity profiles managed within current liquidity levels
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Smurfit Westrock quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.