How do Bunge Global and Smurfit Westrock compare by revenue?

Bunge Global reported revenue of $21.9B in Q1 FY2026, while Smurfit Westrock reported $7.6B in Q4 FY2025. Bunge Global is 2.9× larger by last-quarter revenue.

Which is growing revenue faster, Bunge Global or Smurfit Westrock?

Bunge Global's latest revenue grew 43.4% year-over-year, versus 0.5% for Smurfit Westrock. Bunge Global is growing faster on a YoY basis.

Which has a higher gross margin, Bunge Global or Smurfit Westrock?

Bunge Global's gross margin is 3.5% vs Smurfit Westrock's 18.2%. Smurfit Westrock converts more of each revenue dollar into gross profit.

Which has a higher net margin, Bunge Global or Smurfit Westrock?

Bunge Global's net margin is 0.3% vs Smurfit Westrock's 1.3%. Smurfit Westrock has the higher bottom-line margin.

What is the 2-year revenue CAGR for Bunge Global vs Smurfit Westrock?

Over the trailing 8 quarters, Bunge Global compounded revenue at roughly 142.0% per year, versus 60.8% for Smurfit Westrock. Bunge Global has the faster medium-term growth trajectory.

Where does this BG vs SW data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Bunge Global (BG) and Smurfit Westrock (SW). Click either name above to swap in a different company.

Bunge Global is the larger business by last-quarter revenue ($21.9B vs $7.6B, roughly 2.9× Smurfit Westrock). Smurfit Westrock runs the higher net margin — 1.3% vs 0.3%, a 1.0% gap on every dollar of revenue. On growth, Bunge Global posted the faster year-over-year revenue change (43.4% vs 0.5%). Over the past eight quarters, Bunge Global's revenue compounded faster (142.0% CAGR vs 60.8%).

Bunge GlobalBGEarnings & Financial Report

NYSE · Consumer Staples · Agricultural Products & Services

Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.

Smurfit WestrockSWEarnings & Financial Report

NYSE · Materials · Paper & Plastic Packaging Products & Materials

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.

BG vs SW — Head-to-Head

Bigger by revenue

2.9× larger

$21.9B

$7.6B

Growing faster (revenue YoY)

+42.9% gap

43.4%

0.5%

Higher net margin

1.0% more per $

1.3%

0.3%

Faster 2-yr revenue CAGR

Annualised

142.0%

60.8%

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric	BG	SW
Revenue	$21.9B	$7.6B
Net Profit	$68.0M	$97.0M
Gross Margin	3.5%	18.2%
Operating Margin	—	5.1%
Net Margin	0.3%	1.3%
Revenue YoY	43.4%	0.5%
Net Profit YoY	-66.2%	-33.6%
EPS (diluted)	$0.35	$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.

Revenue

Q1 26	$21.9B	—
Q4 25	$4.9B	$7.6B
Q3 25	$4.4B	$8.0B
Q2 25	$4.0B	$7.9B
Q1 25	$3.7B	$7.7B
Q4 24	$4.0B	$7.5B
Q3 24	$3.9B	$7.7B
Q2 24	$3.7B	$3.0B

Net Profit

Q1 26	$68.0M	—
Q4 25	$95.0M	$97.0M
Q3 25	$166.0M	$246.0M
Q2 25	$354.0M	$-28.0M
Q1 25	$201.0M	$384.0M
Q4 24	$602.0M	$146.0M
Q3 24	$221.0M	$-150.0M
Q2 24	$70.0M	$132.0M

Gross Margin

Q1 26	3.5%	—
Q4 25	20.7%	18.2%
Q3 25	24.3%	19.6%
Q2 25	18.4%	19.1%
Q1 25	16.3%	20.6%
Q4 24	27.0%	19.1%
Q3 24	19.9%	17.6%
Q2 24	17.8%	23.3%

Operating Margin

Q1 26	—	—
Q4 25	1.8%	5.1%
Q3 25	6.2%	6.6%
Q2 25	12.3%	3.2%
Q1 25	7.8%	7.2%
Q4 24	18.3%	5.3%
Q3 24	8.3%	0.7%
Q2 24	2.8%	8.2%

Net Margin

Q1 26	0.3%	—
Q4 25	1.9%	1.3%
Q3 25	3.8%	3.1%
Q2 25	8.8%	-0.4%
Q1 25	5.5%	5.0%
Q4 24	15.0%	1.9%
Q3 24	5.7%	-2.0%
Q2 24	1.9%	4.4%

EPS (diluted)

Q1 26	$0.35	—
Q4 25	$-0.02	$0.18
Q3 25	$0.84	$0.47
Q2 25	$2.61	$-0.05
Q1 25	$1.48	$0.73
Q4 24	$4.27	$-0.12
Q3 24	$1.56	$-0.30
Q2 24	$0.48	$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric	BG	SW
Cash + ST InvestmentsLiquidity on hand	$839.0M	$892.0M
Total DebtLower is stronger	$13.2B	$13.4B
Stockholders' EquityBook value	$17.4B	$18.3B
Total Assets	$47.6B	$45.2B
Debt / EquityLower = less leverage	0.76×	0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

Q1 26	$839.0M	—
Q4 25	$2.0B	$892.0M
Q3 25	$3.2B	$851.0M
Q2 25	$7.1B	$778.0M
Q1 25	$3.9B	$797.0M
Q4 24	$3.8B	$855.0M
Q3 24	$3.0B	—
Q2 24	$1.3B	$26.8K

Total Debt

Q1 26	$13.2B	—
Q4 25	$10.2B	$13.4B
Q3 25	$11.1B	$13.3B
Q2 25	$7.7B	$13.3B
Q1 25	$5.4B	$12.9B
Q4 24	$5.4B	$12.5B
Q3 24	$5.4B	$13.2B
Q2 24	$4.1B	—

Stockholders' Equity

Q1 26	$17.4B	—
Q4 25	$15.9B	$18.3B
Q3 25	$15.8B	$18.4B
Q2 25	$10.9B	$18.3B
Q1 25	$10.6B	$17.9B
Q4 24	$9.9B	$17.4B
Q3 24	$10.1B	$18.0B
Q2 24	$10.0B	$14.5K

Total Assets

Q1 26	$47.6B	—
Q4 25	$44.5B	$45.2B
Q3 25	$46.3B	$45.6B
Q2 25	$31.2B	$45.7B
Q1 25	$26.7B	$44.6B
Q4 24	$24.9B	$43.8B
Q3 24	$25.3B	$45.0B
Q2 24	$24.4B	$26.8K

Debt / Equity

Q1 26	0.76×	—
Q4 25	0.64×	0.73×
Q3 25	0.71×	0.72×
Q2 25	0.71×	0.73×
Q1 25	0.51×	0.72×
Q4 24	0.54×	0.72×
Q3 24	0.54×	0.73×
Q2 24	0.41×	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric	BG	SW
Operating Cash FlowLast quarter	—	$1.2B
Free Cash FlowOCF − Capex	—	$612.0M
FCF MarginFCF / Revenue	—	8.1%
Capex IntensityCapex / Revenue	1.5%	7.7%
Cash ConversionOCF / Net Profit	—	12.32×
TTM Free Cash FlowTrailing 4 quarters	—	$1.2B