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Side-by-side financial comparison of Cisco (CSCO) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Cisco is the larger business by last-quarter revenue ($15.3B vs $7.7B, roughly 2.0× Smurfit Westrock). Cisco runs the higher net margin — 20.7% vs 0.8%, a 19.9% gap on every dollar of revenue. On growth, Cisco posted the faster year-over-year revenue change (9.7% vs 0.7%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (61.2% CAGR vs 9.9%).
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
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.
CSCO vs SW — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.3B | $7.7B |
| Net Profit | $3.2B | $63.0M |
| Gross Margin | 65.0% | 16.4% |
| Operating Margin | 24.6% | 3.3% |
| Net Margin | 20.7% | 0.8% |
| Revenue YoY | 9.7% | 0.7% |
| Net Profit YoY | 30.8% | 0.0% |
| EPS (diluted) | $0.80 | $0.12 |
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.
| Q1 26 | $15.3B | $7.7B | ||
| Q4 25 | $14.9B | $7.6B | ||
| Q3 25 | $14.7B | $8.0B | ||
| Q2 25 | $14.1B | $7.9B | ||
| Q1 25 | $14.0B | $7.7B | ||
| Q4 24 | $13.8B | $7.5B | ||
| Q3 24 | $13.6B | $7.7B | ||
| Q2 24 | $12.7B | $3.0B |
| Q1 26 | $3.2B | $63.0M | ||
| Q4 25 | $2.9B | $97.0M | ||
| Q3 25 | $2.5B | $246.0M | ||
| Q2 25 | $2.5B | $-28.0M | ||
| Q1 25 | $2.4B | $384.0M | ||
| Q4 24 | $2.7B | $146.0M | ||
| Q3 24 | $2.2B | $-150.0M | ||
| Q2 24 | $1.9B | $132.0M |
| Q1 26 | 65.0% | 16.4% | ||
| Q4 25 | 65.5% | 18.2% | ||
| Q3 25 | 63.2% | 19.6% | ||
| Q2 25 | 65.6% | 19.1% | ||
| Q1 25 | 65.1% | 20.6% | ||
| Q4 24 | 65.9% | 19.1% | ||
| Q3 24 | 64.4% | 17.6% | ||
| Q2 24 | 65.1% | 23.3% |
| Q1 26 | 24.6% | 3.3% | ||
| Q4 25 | 22.6% | 5.1% | ||
| Q3 25 | 21.0% | 6.6% | ||
| Q2 25 | 22.6% | 3.2% | ||
| Q1 25 | 22.3% | 7.2% | ||
| Q4 24 | 17.0% | 5.3% | ||
| Q3 24 | 19.2% | 0.7% | ||
| Q2 24 | 17.2% | 8.2% |
| Q1 26 | 20.7% | 0.8% | ||
| Q4 25 | 19.2% | 1.3% | ||
| Q3 25 | 17.4% | 3.1% | ||
| Q2 25 | 17.6% | -0.4% | ||
| Q1 25 | 17.4% | 5.0% | ||
| Q4 24 | 19.6% | 1.9% | ||
| Q3 24 | 15.8% | -2.0% | ||
| Q2 24 | 14.8% | 4.4% |
| Q1 26 | $0.80 | $0.12 | ||
| Q4 25 | $0.72 | $0.18 | ||
| Q3 25 | $0.64 | $0.47 | ||
| Q2 25 | $0.62 | $-0.05 | ||
| Q1 25 | $0.61 | $0.73 | ||
| Q4 24 | $0.68 | $-0.12 | ||
| Q3 24 | $0.54 | $-0.30 | ||
| Q2 24 | $0.46 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.8B | — |
| Total DebtLower is stronger | $24.6B | $980.0M |
| Stockholders' EquityBook value | $47.7B | $18.1B |
| Total Assets | $123.4B | $45.2B |
| Debt / EquityLower = less leverage | 0.52× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.8B | — | ||
| Q4 25 | $15.7B | $892.0M | ||
| Q3 25 | $16.1B | $851.0M | ||
| Q2 25 | $15.6B | $778.0M | ||
| Q1 25 | $16.9B | $797.0M | ||
| Q4 24 | $18.7B | $855.0M | ||
| Q3 24 | $17.9B | — | ||
| Q2 24 | $18.8B | $26.8K |
| Q1 26 | $24.6B | $980.0M | ||
| Q4 25 | $24.6B | $13.4B | ||
| Q3 25 | $24.6B | $13.3B | ||
| Q2 25 | $25.1B | $13.3B | ||
| Q1 25 | $20.1B | $12.9B | ||
| Q4 24 | $20.1B | $12.5B | ||
| Q3 24 | $20.1B | $13.2B | ||
| Q2 24 | $20.1B | — |
| Q1 26 | $47.7B | $18.1B | ||
| Q4 25 | $46.9B | $18.3B | ||
| Q3 25 | $46.8B | $18.4B | ||
| Q2 25 | $45.9B | $18.3B | ||
| Q1 25 | $45.5B | $17.9B | ||
| Q4 24 | $45.3B | $17.4B | ||
| Q3 24 | $45.5B | $18.0B | ||
| Q2 24 | $45.8B | $14.5K |
| Q1 26 | $123.4B | $45.2B | ||
| Q4 25 | $121.1B | $45.2B | ||
| Q3 25 | $122.3B | $45.6B | ||
| Q2 25 | $119.8B | $45.7B | ||
| Q1 25 | $121.4B | $44.6B | ||
| Q4 24 | $123.3B | $43.8B | ||
| Q3 24 | $124.4B | $45.0B | ||
| Q2 24 | $123.0B | $26.8K |
| Q1 26 | 0.52× | 0.05× | ||
| Q4 25 | 0.53× | 0.73× | ||
| Q3 25 | 0.53× | 0.72× | ||
| Q2 25 | 0.55× | 0.73× | ||
| Q1 25 | 0.44× | 0.72× | ||
| Q4 24 | 0.44× | 0.72× | ||
| Q3 24 | 0.44× | 0.73× | ||
| Q2 24 | 0.44× | — |
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 | $1.8B | $204.0M |
| Free Cash FlowOCF − Capex | $1.5B | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 0.57× | 3.24× |
| TTM Free Cash FlowTrailing 4 quarters | $12.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | $204.0M | ||
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $4.2B | $1.1B | ||
| Q2 25 | $4.1B | $829.0M | ||
| Q1 25 | $2.2B | $235.0M | ||
| Q4 24 | $3.7B | $781.0M | ||
| Q3 24 | $3.7B | $320.0M | ||
| Q2 24 | $4.0B | $340.0M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $2.9B | $612.0M | ||
| Q3 25 | $4.0B | $523.0M | ||
| Q2 25 | $3.8B | $307.0M | ||
| Q1 25 | $2.0B | $-242.0M | ||
| Q4 24 | $3.4B | $212.0M | ||
| Q3 24 | $3.5B | $-192.0M | ||
| Q2 24 | $3.8B | $163.0M |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 19.4% | 8.1% | ||
| Q3 25 | 27.4% | 6.5% | ||
| Q2 25 | 26.8% | 3.9% | ||
| Q1 25 | 14.5% | -3.2% | ||
| Q4 24 | 24.9% | 2.8% | ||
| Q3 24 | 25.9% | -2.5% | ||
| Q2 24 | 29.9% | 5.5% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | 1.5% | 7.6% | ||
| Q2 25 | 1.8% | 6.6% | ||
| Q1 25 | 1.5% | 6.2% | ||
| Q4 24 | 1.6% | 7.5% | ||
| Q3 24 | 1.5% | 6.7% | ||
| Q2 24 | 1.3% | 6.0% |
| Q1 26 | 0.57× | 3.24× | ||
| Q4 25 | 1.12× | 12.32× | ||
| Q3 25 | 1.66× | 4.61× | ||
| Q2 25 | 1.63× | — | ||
| Q1 25 | 0.92× | 0.61× | ||
| Q4 24 | 1.35× | 5.35× | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | 2.11× | 2.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSCO
| Networking | $8.3B | 54% |
| Services | $3.7B | 24% |
| Security | $2.0B | 13% |
| Collaboration | $1.1B | 7% |
| Observability | $277.0M | 2% |
SW
Segment breakdown not available.
