Smurfit WestRock plc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Smurfit WestRock plc (SW). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| North America | $1.72B 12.7% | $1.62B 13.4% · -5.6% | $9.90B 46.9% · +510.0% | $18.22B 58.4% · +84.0% |
| Europe, MEA and APAC | $10.43B 77.2% | $9.18B 75.9% · -12.0% | $9.56B 45.3% · +4.1% | $10.86B 34.8% · +13.6% |
| LATAM | $1.36B 10.1% | $1.29B 10.6% · -5.3% | $1.65B 7.8% · +28.5% | $2.10B 6.7% · +27.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| U.S. | $373.0M 2.8% | $303.0M 2.5% · -18.8% | $7.31B 34.6% · +2,312.9% | $14.47B 46.4% · +97.9% |
| Other Europe, MEA and APAC | $6.70B 49.6% | $5.81B 48.1% · -13.2% | $6.20B 29.4% · +6.7% | $7.17B 23.0% · +15.6% |
| Other Americas | $1.39B 10.3% | $1.32B 10.9% · -4.8% | $2.33B 11.0% · +76.2% | $3.38B 10.8% · +45.1% |
| Mexico | $1.37B 10.1% | $1.34B 11.1% · -1.6% | $1.96B 9.3% · +45.9% | $2.52B 8.1% · +28.6% |
| Germany | $1.96B 14.5% | $1.69B 14.0% · -13.6% | $1.71B 8.1% · +1.0% | $1.87B 6.0% · +9.5% |
| France | $1.60B 11.9% | $1.49B 12.3% · -6.9% | $1.43B 6.8% · -4.4% | $1.55B 5.0% · +8.3% |
| Ireland (country of domicile) | $124.0M 0.9% | $128.0M 1.1% · +3.2% | $172.0M 0.8% · +34.4% | $226.0M 0.7% · +31.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Packaging | $11.32B 83.8% | $10.55B 87.3% · -6.7% | $17.25B 81.7% · +63.5% | $25.05B 80.3% · +45.2% |
| Paper | $2.19B 16.2% | $1.54B 12.7% · -29.9% | $3.86B 18.3% · +150.6% | $6.13B 19.7% · +59.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.