Q2 FY26 · Ended Jun 30, 2026 · View SEC filing
Operating profit rose while gross profit fell
Closure charges fell 57.5%, lifting operating profit even though the business kept less of each sales dollar.
For investorsWhat has to go right for the margin to recover?
For foundersShrinking on purpose: closing capacity to protect the spread
With interest nearly fixed, small shifts in the price-cost spread move net income far more than sales.
Sales grew 2.6x after the Combination while operating margin fell by half from 11.3%, so size has not yet become efficiency.
Packaging is 80.3% of sales, so the company earns on the box and on the paper inside it.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Smurfit Westrock from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
