Smurfit Westrock plc（SW）の決算・業績分析
Smurfit Westrock plcの2025年有価証券報告書をAI分析。売上高$31.2B(+47.7%)。営業利益$1.7B。Materials。
目次
Smurfit Westrock plcの2025年度 業績サマリー
Smurfit Westrock plc（証券コード: SW）の2025年度決算・業績分析。売上高は$31.2B（前年比+47.7%）。営業利益は$1.7B（前年比+70.7%）。純利益は$699M（前年比+119.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Smurfit Westrock plcの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Smurfit Westrock plc reported a net debt of $12.1B (5.7x EBITDA) in FY2024, highlighting significant leverage risks (XBRL).
- Revenue declined by 10.5% CAGR over 5 years, with FY2024 revenue at $13.5B and FY2025 revenue at $12.1B (Historical Time Series).
- Profitability remains robust with a 24.2% gross margin and 11.5% operating margin, despite declining revenue (XBRL).
- Free cash flow (FCF) was $413M in FY2024, but cash flow from operations was $1.4B, reflecting heavy capital expenditures (XBRL).
- Working capital efficiency is strong, with a cash conversion cycle (CCC) of 30 days (XBRL).
Smurfit Westrock plcの売上高変化の要因
- •FY2024 revenue totaled $13.5B, a decline of 10.37% YoY compared to $12.1B in FY2025 (Historical Time Series). The 5-year revenue CAGR is -10.5%, reflecting industry challenges and merger integration costs (XBRL). Revenue growth drivers are not explicitly detailed in the data, but the company's focus on sustainable packaging may position it for long-term demand in eco-conscious markets (10-K).
Smurfit Westrock plcの営業利益変化の要因
- •Profitability metrics remain strong despite revenue declines: gross margin is 24.2%, operating margin is 11.5%, and net margin is 7.7% (XBRL). EBITDA reached $2.1B (15.7% of revenue), and net income was $1.0B. However, operating income declined by 12.5% YoY (from $1.6B in FY2024 to $1.4B in FY2025), reflecting cost pressures and integration challenges from the WestRock acquisition (Historical Time Series).
Smurfit Westrock plcの事業リスクと対応
Market/industry volatility due to economic/geopolitical factors and demand fluctuations (10-K).
Intense competition in the paper/packaging industry, impacting pricing and sales volume (10-K).
Integration challenges from the Smurfit Kappa/WestRock merger, including cultural and operational hurdles (10-K).
Debt-related financial risks, with $13.1B long-term debt and $12.1B net debt (XBRL).
Cybersecurity threats and operational disruptions from quality control failures (10-K).
Regulatory compliance risks, including adherence to U.S. securities laws and the Sarbanes-Oxley Act (10-K).
Smurfit Westrock plcの事業内容
Smurfit Westrock plc is a global leader in sustainable, paper-based packaging, producing corrugated containers, consumer packaging, solidboard, kraft paper, and graphic board (10-K). The company generates revenue through the manufacturing and sale of packaging products, leveraging its vertically integrated production model and geographic diversity (XBRL). Key competitive advantages include global scale, sustainable fiber-based solutions, and a diversified product portfolio. No significant customer concentration is reported, and the company has not disclosed specific competitors or employee numbers (10-K).
Smurfit Westrock plcのAI業績分析レポート（2024年度）
Smurfit Westrock plc FY2024 Annual Report Analysis
Highlights
Business Overview
Smurfit Westrock plc is a global leader in sustainable, paper-based packaging, producing corrugated containers, consumer packaging, solidboard, kraft paper, and graphic board (10-K). The company leverages vertical integration and geographic diversity to serve manufacturers, box producers, and retailers (XBRL). Competitive advantages include global scale and sustainable solutions, though no specific competitors or employee data are disclosed (10-K).
Revenue Analysis
FY2024 revenue totaled $13.5B, down 10.37% YoY compared to $12.1B in FY2025 (Historical Time Series). The 5-year CAGR of -10.5% reflects industry headwinds and merger integration costs (XBRL). No segment-specific revenue data is available (N/A).
Profitability Analysis
Profitability metrics remain strong: gross margin of 24.2%, operating margin of 11.5%, and net margin of 7.7% (XBRL). EBITDA of $2.1B (15.7% of revenue) and net income of $1.0B highlight efficiency. However, operating income declined by 12.5% YoY (from $1.6B to $1.4B) (Historical Time Series).
Balance Sheet Analysis
The balance sheet shows a 43.8% equity ratio and D/E ratio of 1.28x (XBRL). Total assets increased from $14.1B to $43.8B, while total equity rose from $6.2B to $17.4B (Historical Time Series). Long-term debt is $13.1B, and net debt is $12.1B, with a current ratio of 1.52x (XBRL).
Cash Flow Analysis
Operating cash flow was $1.4B in FY2024, but FCF was only $413M due to $1.0B in investing outflows (XBRL). Financing activities included $349M in dividends and $32M in share repurchases (XBRL). No capital expenditure details are provided (N/A).
Working Capital Analysis
The CCC is 30 days, with receivables days at 49, inventory days at 43, and payables days at 62 (XBRL). This reflects efficient working capital management.
Risks
Outlook
N/A. The 10-K does not provide management guidance or forward-looking trends for FY2025.
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