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Side-by-side financial comparison of Aptiv (APTV) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $5.2B, roughly 1.5× Aptiv). Aptiv runs the higher net margin — 2.7% vs 1.3%, a 1.4% gap on every dollar of revenue. On growth, Aptiv posted the faster year-over-year revenue change (5.0% vs 0.5%). Aptiv produced more free cash flow last quarter ($651.0M vs $612.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
APTV vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $7.6B |
| Net Profit | $138.0M | $97.0M |
| Gross Margin | 18.7% | 18.2% |
| Operating Margin | 8.2% | 5.1% |
| Net Margin | 2.7% | 1.3% |
| Revenue YoY | 5.0% | 0.5% |
| Net Profit YoY | -48.5% | -33.6% |
| EPS (diluted) | $0.63 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.2B | $7.6B | ||
| Q3 25 | $5.2B | $8.0B | ||
| Q2 25 | $5.2B | $7.9B | ||
| Q1 25 | $4.8B | $7.7B | ||
| Q4 24 | $4.9B | $7.5B | ||
| Q3 24 | $4.9B | $7.7B | ||
| Q2 24 | $5.1B | $3.0B | ||
| Q1 24 | $4.9B | $2.9B |
| Q4 25 | $138.0M | $97.0M | ||
| Q3 25 | $-355.0M | $246.0M | ||
| Q2 25 | $393.0M | $-28.0M | ||
| Q1 25 | $-11.0M | $384.0M | ||
| Q4 24 | $268.0M | $146.0M | ||
| Q3 24 | $363.0M | $-150.0M | ||
| Q2 24 | $938.0M | $132.0M | ||
| Q1 24 | $218.0M | $191.0M |
| Q4 25 | 18.7% | 18.2% | ||
| Q3 25 | 19.5% | 19.6% | ||
| Q2 25 | 19.1% | 19.1% | ||
| Q1 25 | 19.1% | 20.6% | ||
| Q4 24 | 19.6% | 19.1% | ||
| Q3 24 | 18.6% | 17.6% | ||
| Q2 24 | 19.2% | 23.3% | ||
| Q1 24 | 17.9% | 24.2% |
| Q4 25 | 8.2% | 5.1% | ||
| Q3 25 | -3.4% | 6.6% | ||
| Q2 25 | 9.3% | 3.2% | ||
| Q1 25 | 9.3% | 7.2% | ||
| Q4 24 | 9.8% | 5.3% | ||
| Q3 24 | 10.4% | 0.7% | ||
| Q2 24 | 8.7% | 8.2% | ||
| Q1 24 | 8.5% | 10.5% |
| Q4 25 | 2.7% | 1.3% | ||
| Q3 25 | -6.8% | 3.1% | ||
| Q2 25 | 7.5% | -0.4% | ||
| Q1 25 | -0.2% | 5.0% | ||
| Q4 24 | 5.5% | 1.9% | ||
| Q3 24 | 7.5% | -2.0% | ||
| Q2 24 | 18.6% | 4.4% | ||
| Q1 24 | 4.4% | 6.5% |
| Q4 25 | $0.63 | $0.18 | ||
| Q3 25 | $-1.63 | $0.47 | ||
| Q2 25 | $1.80 | $-0.05 | ||
| Q1 25 | $-0.05 | $0.73 | ||
| Q4 24 | $1.22 | $-0.12 | ||
| Q3 24 | $1.48 | $-0.30 | ||
| Q2 24 | $3.47 | $0.51 | ||
| Q1 24 | $0.79 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $892.0M |
| Total DebtLower is stronger | $7.5B | $13.4B |
| Stockholders' EquityBook value | $9.2B | $18.3B |
| Total Assets | $23.4B | $45.2B |
| Debt / EquityLower = less leverage | 0.81× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $892.0M | ||
| Q3 25 | $1.6B | $851.0M | ||
| Q2 25 | $1.4B | $778.0M | ||
| Q1 25 | $1.1B | $797.0M | ||
| Q4 24 | $1.6B | $855.0M | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.2B | $26.8K | ||
| Q1 24 | $941.0M | $108 |
| Q4 25 | $7.5B | $13.4B | ||
| Q3 25 | $7.6B | $13.3B | ||
| Q2 25 | $7.8B | $13.3B | ||
| Q1 25 | $7.6B | $12.9B | ||
| Q4 24 | $7.8B | $12.5B | ||
| Q3 24 | $8.3B | $13.2B | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
| Q4 25 | $9.2B | $18.3B | ||
| Q3 25 | $9.3B | $18.4B | ||
| Q2 25 | $9.7B | $18.3B | ||
| Q1 25 | $9.0B | $17.9B | ||
| Q4 24 | $8.8B | $17.4B | ||
| Q3 24 | $8.9B | $18.0B | ||
| Q2 24 | $11.5B | $14.5K | ||
| Q1 24 | $11.1B | $108 |
| Q4 25 | $23.4B | $45.2B | ||
| Q3 25 | $23.5B | $45.6B | ||
| Q2 25 | $23.9B | $45.7B | ||
| Q1 25 | $23.1B | $44.6B | ||
| Q4 24 | $23.5B | $43.8B | ||
| Q3 24 | $24.8B | $45.0B | ||
| Q2 24 | $24.8B | $26.8K | ||
| Q1 24 | $23.6B | $108 |
| Q4 25 | 0.81× | 0.73× | ||
| Q3 25 | 0.82× | 0.72× | ||
| Q2 25 | 0.80× | 0.73× | ||
| Q1 25 | 0.85× | 0.72× | ||
| Q4 24 | 0.89× | 0.72× | ||
| Q3 24 | 0.93× | 0.73× | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.42× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $1.2B |
| Free Cash FlowOCF − Capex | $651.0M | $612.0M |
| FCF MarginFCF / Revenue | 12.6% | 8.1% |
| Capex IntensityCapex / Revenue | 3.2% | 7.7% |
| Cash ConversionOCF / Net Profit | 5.93× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $1.2B | ||
| Q3 25 | $584.0M | $1.1B | ||
| Q2 25 | $510.0M | $829.0M | ||
| Q1 25 | $273.0M | $235.0M | ||
| Q4 24 | $1.1B | $781.0M | ||
| Q3 24 | $499.0M | $320.0M | ||
| Q2 24 | $643.0M | $340.0M | ||
| Q1 24 | $244.0M | $42.0M |
| Q4 25 | $651.0M | $612.0M | ||
| Q3 25 | $441.0M | $523.0M | ||
| Q2 25 | $361.0M | $307.0M | ||
| Q1 25 | $76.0M | $-242.0M | ||
| Q4 24 | $894.0M | $212.0M | ||
| Q3 24 | $326.0M | $-192.0M | ||
| Q2 24 | $417.0M | $163.0M | ||
| Q1 24 | $-21.0M | $-166.0M |
| Q4 25 | 12.6% | 8.1% | ||
| Q3 25 | 8.5% | 6.5% | ||
| Q2 25 | 6.9% | 3.9% | ||
| Q1 25 | 1.6% | -3.2% | ||
| Q4 24 | 18.2% | 2.8% | ||
| Q3 24 | 6.7% | -2.5% | ||
| Q2 24 | 8.3% | 5.5% | ||
| Q1 24 | -0.4% | -5.7% |
| Q4 25 | 3.2% | 7.7% | ||
| Q3 25 | 2.7% | 7.6% | ||
| Q2 25 | 2.9% | 6.6% | ||
| Q1 25 | 4.1% | 6.2% | ||
| Q4 24 | 3.4% | 7.5% | ||
| Q3 24 | 3.6% | 6.7% | ||
| Q2 24 | 4.5% | 6.0% | ||
| Q1 24 | 5.4% | 7.1% |
| Q4 25 | 5.93× | 12.32× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 3.96× | 5.35× | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.69× | 2.58× | ||
| Q1 24 | 1.12× | 0.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
