Smurfit WestRock plc (SW) - Net Assets
Based on the latest financial reports, Smurfit WestRock plc (SW) has net assets worth $18.06 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($45.20 Billion) and total liabilities ($27.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Smurfit WestRock plc strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.06 Billion |
| % of Total Assets | 39.95% |
| Annual Growth Rate | 19.02% |
| 5-Year Change | 391.25% |
| 10-Year Change | 718.96% |
| Growth Volatility | 69.13 |
Smurfit WestRock plc - Net Assets Trend (2004–2025)
This chart illustrates how Smurfit WestRock plc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SW market cap.
Annual Net Assets for Smurfit WestRock plc (2004–2025)
The table below shows the annual net assets of Smurfit WestRock plc from 2004 to 2025. Also explore Smurfit WestRock plc (SW) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $21.56 Billion | +23.99% |
| 2024-12-31 | $17.39 Billion | +181.62% |
| 2023-12-31 | $6.17 Billion | +23.73% |
| 2022-12-31 | $4.99 Billion | +13.70% |
| 2021-12-31 | $4.39 Billion | +16.01% |
| 2020-12-31 | $3.78 Billion | +26.39% |
| 2019-12-31 | $2.99 Billion | -9.46% |
| 2018-12-31 | $3.31 Billion | +3.63% |
| 2017-12-31 | $3.19 Billion | +21.18% |
| 2016-12-31 | $2.63 Billion | +3.43% |
| 2015-12-31 | $2.55 Billion | -13.47% |
| 2014-12-31 | $2.94 Billion | -15.03% |
| 2013-12-31 | $3.46 Billion | +6.02% |
| 2012-12-31 | $3.27 Billion | +15.25% |
| 2011-12-31 | $2.83 Billion | +10.04% |
| 2010-12-31 | $2.57 Billion | -3.12% |
| 2009-12-31 | $2.66 Billion | +6.30% |
| 2008-12-31 | $2.50 Billion | -21.68% |
| 2007-12-31 | $3.19 Billion | +283.02% |
| 2006-12-31 | $833.48 Million | +12.42% |
| 2005-12-31 | $741.38 Million | +33.24% |
| 2004-12-31 | $556.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smurfit WestRock plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 339879727300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.12 Billion | 14.49% |
| Common Stock | $1.18 Million | 0.01% |
| Other Comprehensive Income | $-408.76 Million | -1.90% |
| Other Components | $18.82 Billion | 87.41% |
| Total Equity | $21.53 Billion | 100.00% |
Smurfit WestRock plc Competitors by Market Cap
The table below lists competitors of Smurfit WestRock plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INTERN.CONS.AIRL.GR. ADR
F:INRA
|
$22.95 Billion |
|
Aspeed Technology
TWO:5274
|
$22.95 Billion |
|
Dassault Systemes SE
PA:DSY
|
$23.09 Billion |
|
Hubbell Inc
NYSE:HUBB
|
$23.17 Billion |
|
F5 Networks Inc
NASDAQ:FFIV
|
$22.91 Billion |
|
Coupang Inc.
F:788
|
$22.86 Billion |
|
Global Payments Inc
NYSE:GPN
|
$22.79 Billion |
|
Geely Automobile Holdings Limited
F:GRUA
|
$22.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smurfit WestRock plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,360,000,000 to 21,526,711,000, a change of 4,166,711,000 (24.0%).
- Net income of 699,000,000 contributed positively to equity growth.
- Dividend payments of 900,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,037,243,000.
- Other factors increased equity by 3,330,468,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $699.00 Million | +3.25% |
| Dividends Paid | $900.00 Million | -4.18% |
| Other Comprehensive Income | $1.04 Billion | +4.82% |
| Other Changes | $3.33 Billion | +15.47% |
| Total Change | $- | 24.00% |
Book Value vs Market Value Analysis
This analysis compares Smurfit WestRock plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.12x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $2.07 | $43.71 | x |
| 2005-12-31 | $2.88 | $43.71 | x |
| 2006-12-31 | $3.18 | $43.71 | x |
| 2007-12-31 | $14.57 | $43.71 | x |
| 2008-12-31 | $10.54 | $43.71 | x |
| 2009-12-31 | $11.02 | $43.71 | x |
| 2010-12-31 | $10.71 | $43.71 | x |
| 2011-12-31 | $11.44 | $43.71 | x |
| 2012-12-31 | $12.98 | $43.71 | x |
| 2013-12-31 | $13.68 | $43.71 | x |
| 2014-12-31 | $11.50 | $43.71 | x |
| 2015-12-31 | $10.09 | $43.71 | x |
| 2016-12-31 | $10.34 | $43.71 | x |
| 2017-12-31 | $12.70 | $43.71 | x |
| 2018-12-31 | $13.37 | $43.71 | x |
| 2019-12-31 | $12.40 | $43.71 | x |
| 2020-12-31 | $15.01 | $43.71 | x |
| 2021-12-31 | $16.83 | $43.71 | x |
| 2022-12-31 | $19.06 | $43.71 | x |
| 2023-12-31 | $23.68 | $43.71 | x |
| 2024-12-31 | $44.63 | $43.71 | x |
| 2025-12-31 | $40.93 | $43.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smurfit WestRock plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.24%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.46x
- Recent ROE (3.25%) is above the historical average (2.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -0.59% | -0.06% | 0.70x | 13.34x | $-45.06 Million |
| 2005 | -48.04% | -6.13% | 0.49x | 16.12x | $-343.76 Million |
| 2006 | -34.36% | -2.44% | 0.80x | 17.67x | $-289.90 Million |
| 2007 | 7.17% | 2.02% | 0.84x | 4.22x | $-84.63 Million |
| 2008 | -3.03% | -0.71% | 0.87x | 4.93x | $-299.44 Million |
| 2009 | -7.28% | -2.01% | 0.75x | 4.81x | $-414.92 Million |
| 2010 | 2.13% | 0.56% | 0.84x | 4.50x | $-184.60 Million |
| 2011 | 10.33% | 2.80% | 0.87x | 4.22x | $8.42 Million |
| 2012 | 10.63% | 3.27% | 0.87x | 3.75x | $18.91 Million |
| 2013 | 5.90% | 1.71% | 0.97x | 3.57x | $-130.71 Million |
| 2014 | 8.92% | 2.45% | 0.95x | 3.82x | $-29.20 Million |
| 2015 | 16.81% | 4.51% | 0.95x | 3.91x | $161.99 Million |
| 2016 | 19.06% | 5.44% | 0.92x | 3.81x | $222.01 Million |
| 2017 | 13.86% | 4.06% | 0.95x | 3.59x | $116.11 Million |
| 2018 | -20.47% | -6.31% | 0.94x | 3.44x | $-961.60 Million |
| 2019 | 16.12% | 5.26% | 0.91x | 3.36x | $180.80 Million |
| 2020 | 14.46% | 6.39% | 0.83x | 2.73x | $168.00 Million |
| 2021 | 16.10% | 6.72% | 0.90x | 2.67x | $267.09 Million |
| 2022 | 19.41% | 7.65% | 1.01x | 2.50x | $468.07 Million |
| 2023 | 12.14% | 6.82% | 0.78x | 2.28x | $131.49 Million |
| 2024 | 1.77% | 1.51% | 0.47x | 2.52x | $-1.43 Billion |
| 2025 | 3.25% | 2.24% | 0.59x | 2.46x | $-1.45 Billion |
Industry Comparison
This section compares Smurfit WestRock plc's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,719,137,744
- Average return on equity (ROE) among peers: -29.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smurfit WestRock plc (SW) | $18.06 Billion | -0.59% | 1.50x | $22.93 Billion |
| Ardagh Metal Packaging SA (AMBP) | $106.00 Million | -47.17% | 52.48x | $2.87 Billion |
| Amcor PLC (AMCR) | $4.01 Billion | 8.76% | 1.91x | $19.62 Billion |
| Avery Dennison Corp (AVY) | $809.90 Million | 26.60% | 2.20x | $13.00 Billion |
| Ball Corporation (BALL) | $1.34 Billion | 20.94% | 3.48x | $15.37 Billion |
| Berry Global Group Inc (BERY) | $3.18 Billion | 23.05% | 4.62x | $7.83 Billion |
| Crown Holdings Inc (CCK) | $3.23 Billion | 13.14% | 3.29x | $12.22 Billion |
| DSS Inc (DSS) | $3.69 Million | -388.06% | 3.25x | $4.59 Million |
| Greif Bros Corporation (GEF) | $1.40 Billion | 10.54% | 1.78x | $2.02 Billion |
| Greif Inc (GEF-B) | $326.94 Million | 10.32% | 0.28x | $2.26 Billion |
| Graphic Packaging Holding Company (GPK) | $2.78 Billion | 25.99% | 3.02x | $2.86 Billion |
About Smurfit WestRock plc
Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally. The company produces containerboard and paperboard; packaging of corrugated containers; consumer packaging; and offers solid board, kraft pap… Read more