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SWSmurfit Westrock

Materials · Packaging · NYSE
Employees
97,000
Headquarters
Dublin 4
CEO
Anthony P. J. Smurfit
Next results
around Feb 10, 2027
Compare with peers → Embed
RevenueFY2022–25 $31.2B+47.7% FY2024: $21.1B 10-K FY2025 · XBRL Net incomeFY2022–25 $699.0M+119.1% FY2024: $319.0M 10-K FY2025 · XBRL Free cash flowFY2022–25 $1.2B+6958.8% FY2024: $17.0M 10-K FY2025 · XBRL Operating marginFY2022–25 5.5%+0.7 pts 11.5% in FY2022 10-K FY2025 · XBRL

What changed

10-K filed Feb 27, 2026 against Mar 7, 2025
AreaWhat changedSource
Risk factors54 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Critical audit matters changedNew this year: Evaluation of the qualitative goodwill impairment indicator assessment; As described in Note 10 to the consolidated financial statements, the Company’s goodwill balance as of December 31, 2025 was; We identified the selection and evaluation of qualitative goodwill impairment indicators, or qualitative factors, for the (i) North. No longer listed: Statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or; Evaluation of the fair value of acquired plant and machinery assets; As described in Note 2 to the Consolidated Financial Statements, the Company completed the acquisition of WestRock Company on10-K · XBRL
Material impairment (8-K item 2.06)8-K item 2.06 (material impairments) filed 2025-04-3010-K · XBRL
Accounting checks9 other checks clear, 2 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings2 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 27, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-07. Quoted as filed.

  1. Form 10-K. The Company may not be able to accurately predict, control or mitigate these risks. Statements in this section are based on the Company’s beliefs and opinions regarding matters that could materially adversely affect the Company in the future and are not
    10-K, Item 1A
All 54 new paragraphs →

Accounting checks

latest 10-K

9 of 11 clear 2 worth a look. Checks, not verdicts.

  • !
    Critical audit matters changedNew this year: Evaluation of the qualitative goodwill impairment indicator assessment; As described in Note 10 to the consolidated financial statements, the Company’s goodwill balance as of December 31, 2025 was; We identified the selection and evaluation of qualitative goodwill impairment indicators, or qualitative factors, for the (i) North. No longer listed: Statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or; Evaluation of the fair value of acquired plant and machinery assets; As described in Note 2 to the Consolidated Financial Statements, the Company completed the acquisition of WestRock Company on
  • !
    Material impairment (8-K item 2.06)8-K item 2.06 (material impairments) filed 2025-04-30
  • ✓
    Receivables +3.7% vs revenue +47.7% (-44.0 pts)
  • ✓
    Cash from operations $3.4B vs net income $699.0M (FY ending 2025-12-31)
  • ✓
    Inventory +4.0% vs revenue +47.7% (-43.7 pts)
  • ✓
    Same auditor in both 10-Ks: KPMG
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on SW in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/SW/export.csv") into a cell.