Smurfit WestRock plc (SW) — Tangible Net Worth Ratio
Smurfit WestRock plc (SW) has a Tangible Net Worth Ratio of 94.3% as of June 2026. This metric is calculated by deducting intangible assets ($1.02 Billion) from net assets ($18.06 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of Smurfit WestRock plc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Smurfit WestRock plc Tangible Net Worth Ratio (2004–2025)
This chart shows how Smurfit WestRock plc's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of June 2026, the ratio stands at 94.3%, reflecting net assets of $18.06 Billion with intangible assets of $1.02 Billion USD. For live market cap and overall valuation, see Smurfit WestRock plc (SW) total market value.
Annual Tangible Net Worth Ratio for Smurfit WestRock plc (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Smurfit WestRock plc from 2004 to 2025, covering 22 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore capital reinvestment ratio of Smurfit WestRock plc to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.2% | $21.56 Billion | $1.24 Billion | $53.04 Billion | ▲ +0.7 pp |
| 2024 | 93.6% | $17.39 Billion | $1.12 Billion | $43.76 Billion | ▼ -2.9 pp |
| 2023 | 96.5% | $6.17 Billion | $218.00 Million | $14.05 Billion | ▲ +0.8 pp |
| 2022 | 95.7% | $4.99 Billion | $215.73 Million | $12.46 Billion | ▲ +0.5 pp |
| 2021 | 95.2% | $4.39 Billion | $210.83 Million | $11.70 Billion | ▲ +0.7 pp |
| 2020 | 94.5% | $3.78 Billion | $208.00 Million | $10.29 Billion | ▲ +2.3 pp |
| 2019 | 92.2% | $2.99 Billion | $233.00 Million | $9.93 Billion | ▲ +0.1 pp |
| 2018 | 92.1% | $3.31 Billion | $261.95 Million | $10.86 Billion | ▼ -2.5 pp |
| 2017 | 94.6% | $3.19 Billion | $171.56 Million | $10.80 Billion | ▲ +1.8 pp |
| 2016 | 92.8% | $2.63 Billion | $189.31 Million | $9.32 Billion | ▲ +0.5 pp |
| 2015 | 92.3% | $2.55 Billion | $196.79 Million | $9.31 Billion | ▼ -1.9 pp |
| 2014 | 94.1% | $2.94 Billion | $172.67 Million | $10.32 Billion | ▼ -2.4 pp |
| 2013 | 96.6% | $3.46 Billion | $118.76 Million | $11.37 Billion | ▲ +0.5 pp |
| 2012 | 96.1% | $3.27 Billion | $126.96 Million | $11.18 Billion | ▼ -1.4 pp |
| 2011 | 97.5% | $2.83 Billion | $71.29 Million | $10.91 Billion | ▲ +111.6 pp |
| 2010 | -14.1% | $2.57 Billion | $2.94 Billion | $10.56 Billion | ▲ +5.7 pp |
| 2009 | -19.8% | $2.66 Billion | $3.18 Billion | $11.55 Billion | ▲ +0.1 pp |
| 2008 | -19.9% | $2.50 Billion | $3.00 Billion | $11.32 Billion | ▼ -9.6 pp |
| 2007 | -10.4% | $3.19 Billion | $3.52 Billion | $12.63 Billion | ▲ +283.1 pp |
| 2006 | -293.5% | $833.48 Million | $3.28 Billion | $11.55 Billion | ▼ -362.1 pp |
| 2005 | 68.6% | $741.38 Million | $232.70 Million | $9.55 Billion | ▼ -30.7 pp |
| 2004 | 99.3% | $556.44 Million | $3.87 Million | $5.68 Billion | — |