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Side-by-side financial comparison of MERCADOLIBRE INC (MELI) 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 $6.1B, roughly 1.2× MERCADOLIBRE INC). MERCADOLIBRE INC runs the higher net margin — 9.1% vs 1.3%, a 7.8% gap on every dollar of revenue. On growth, MERCADOLIBRE INC posted the faster year-over-year revenue change (40.2% vs 0.5%). MERCADOLIBRE INC produced more free cash flow last quarter ($4.8B vs $612.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% CAGR vs 40.7%).
MercadoLibre, Inc., known as Mercado Livre in Brazil, literally meaning "free market" in both languages, is a company of Argentine origin and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
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.
MELI vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.1B | $7.6B |
| Net Profit | $559.0M | $97.0M |
| Gross Margin | 61.7% | 18.2% |
| Operating Margin | 14.5% | 5.1% |
| Net Margin | 9.1% | 1.3% |
| Revenue YoY | 40.2% | 0.5% |
| Net Profit YoY | -12.5% | -33.6% |
| EPS (diluted) | $11.03 | $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 | $6.1B | $7.6B | ||
| Q3 25 | $5.2B | $8.0B | ||
| Q2 25 | $4.8B | $7.9B | ||
| Q1 25 | $4.2B | $7.7B | ||
| Q4 24 | $4.4B | $7.5B | ||
| Q3 24 | $3.9B | $7.7B | ||
| Q2 24 | $3.8B | $3.0B | ||
| Q1 24 | $3.1B | $2.9B |
| Q4 25 | $559.0M | $97.0M | ||
| Q3 25 | $421.0M | $246.0M | ||
| Q2 25 | $523.0M | $-28.0M | ||
| Q1 25 | $494.0M | $384.0M | ||
| Q4 24 | $639.0M | $146.0M | ||
| Q3 24 | $397.0M | $-150.0M | ||
| Q2 24 | $531.0M | $132.0M | ||
| Q1 24 | $344.0M | $191.0M |
| Q4 25 | 61.7% | 18.2% | ||
| Q3 25 | 61.7% | 19.6% | ||
| Q2 25 | 64.4% | 19.1% | ||
| Q1 25 | 66.1% | 20.6% | ||
| Q4 24 | 62.8% | 19.1% | ||
| Q3 24 | 62.6% | 17.6% | ||
| Q2 24 | 62.8% | 23.3% | ||
| Q1 24 | 65.3% | 24.2% |
| Q4 25 | 14.5% | 5.1% | ||
| Q3 25 | 13.9% | 6.6% | ||
| Q2 25 | 17.2% | 3.2% | ||
| Q1 25 | 18.2% | 7.2% | ||
| Q4 24 | 18.7% | 5.3% | ||
| Q3 24 | 14.3% | 0.7% | ||
| Q2 24 | 19.3% | 8.2% | ||
| Q1 24 | 17.0% | 10.5% |
| Q4 25 | 9.1% | 1.3% | ||
| Q3 25 | 8.1% | 3.1% | ||
| Q2 25 | 10.9% | -0.4% | ||
| Q1 25 | 11.8% | 5.0% | ||
| Q4 24 | 14.6% | 1.9% | ||
| Q3 24 | 10.2% | -2.0% | ||
| Q2 24 | 14.1% | 4.4% | ||
| Q1 24 | 11.1% | 6.5% |
| Q4 25 | $11.03 | $0.18 | ||
| Q3 25 | $8.32 | $0.47 | ||
| Q2 25 | $10.31 | $-0.05 | ||
| Q1 25 | $9.74 | $0.73 | ||
| Q4 24 | $12.60 | $-0.12 | ||
| Q3 24 | $7.83 | $-0.30 | ||
| Q2 24 | $10.48 | $0.51 | ||
| Q1 24 | $6.78 | $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 | $6.3B | $892.0M |
| Total DebtLower is stronger | $4.6B | $13.4B |
| Stockholders' EquityBook value | $6.7B | $18.3B |
| Total Assets | $42.7B | $45.2B |
| Debt / EquityLower = less leverage | 0.68× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.3B | $892.0M | ||
| Q3 25 | $6.3B | $851.0M | ||
| Q2 25 | $7.6B | $778.0M | ||
| Q1 25 | $8.1B | $797.0M | ||
| Q4 24 | $7.1B | $855.0M | ||
| Q3 24 | $6.7B | — | ||
| Q2 24 | $6.9B | $26.8K | ||
| Q1 24 | $6.3B | $108 |
| Q4 25 | $4.6B | $13.4B | ||
| Q3 25 | $3.4B | $13.3B | ||
| Q2 25 | $3.5B | $13.3B | ||
| Q1 25 | $2.9B | $12.9B | ||
| Q4 24 | $2.9B | $12.5B | ||
| Q3 24 | $3.1B | $13.2B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.2B | — |
| Q4 25 | $6.7B | $18.3B | ||
| Q3 25 | $6.2B | $18.4B | ||
| Q2 25 | $5.7B | $18.3B | ||
| Q1 25 | $5.0B | $17.9B | ||
| Q4 24 | $4.4B | $17.4B | ||
| Q3 24 | $4.0B | $18.0B | ||
| Q2 24 | $3.7B | $14.5K | ||
| Q1 24 | $3.4B | $108 |
| Q4 25 | $42.7B | $45.2B | ||
| Q3 25 | $36.7B | $45.6B | ||
| Q2 25 | $32.9B | $45.7B | ||
| Q1 25 | $27.7B | $44.6B | ||
| Q4 24 | $25.2B | $43.8B | ||
| Q3 24 | $22.6B | $45.0B | ||
| Q2 24 | $20.0B | $26.8K | ||
| Q1 24 | $19.1B | $108 |
| Q4 25 | 0.68× | 0.73× | ||
| Q3 25 | 0.55× | 0.72× | ||
| Q2 25 | 0.61× | 0.73× | ||
| Q1 25 | 0.57× | 0.72× | ||
| Q4 24 | 0.66× | 0.72× | ||
| Q3 24 | 0.78× | 0.73× | ||
| Q2 24 | 0.67× | — | ||
| Q1 24 | 0.66× | — |
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 | $5.2B | $1.2B |
| Free Cash FlowOCF − Capex | $4.8B | $612.0M |
| FCF MarginFCF / Revenue | 77.9% | 8.1% |
| Capex IntensityCapex / Revenue | 7.0% | 7.7% |
| Cash ConversionOCF / Net Profit | 9.32× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $10.8B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $2.9B | $829.0M | ||
| Q1 25 | $1.0B | $235.0M | ||
| Q4 24 | $2.9B | $781.0M | ||
| Q3 24 | $1.6B | $320.0M | ||
| Q2 24 | $1.9B | $340.0M | ||
| Q1 24 | $1.5B | $42.0M |
| Q4 25 | $4.8B | $612.0M | ||
| Q3 25 | $2.6B | $523.0M | ||
| Q2 25 | $2.6B | $307.0M | ||
| Q1 25 | $759.0M | $-242.0M | ||
| Q4 24 | $2.6B | $212.0M | ||
| Q3 24 | $1.4B | $-192.0M | ||
| Q2 24 | $1.7B | $163.0M | ||
| Q1 24 | $1.4B | $-166.0M |
| Q4 25 | 77.9% | 8.1% | ||
| Q3 25 | 50.0% | 6.5% | ||
| Q2 25 | 54.8% | 3.9% | ||
| Q1 25 | 18.1% | -3.2% | ||
| Q4 24 | 59.8% | 2.8% | ||
| Q3 24 | 35.4% | -2.5% | ||
| Q2 24 | 45.1% | 5.5% | ||
| Q1 24 | 44.1% | -5.7% |
| Q4 25 | 7.0% | 7.7% | ||
| Q3 25 | 6.9% | 7.6% | ||
| Q2 25 | 6.0% | 6.6% | ||
| Q1 25 | 6.5% | 6.2% | ||
| Q4 24 | 7.0% | 7.5% | ||
| Q3 24 | 5.7% | 6.7% | ||
| Q2 24 | 4.9% | 6.0% | ||
| Q1 24 | 4.7% | 7.1% |
| Q4 25 | 9.32× | 12.32× | ||
| Q3 25 | 7.03× | 4.61× | ||
| Q2 25 | 5.58× | — | ||
| Q1 25 | 2.09× | 0.61× | ||
| Q4 24 | 4.58× | 5.35× | ||
| Q3 24 | 4.03× | — | ||
| Q2 24 | 3.54× | 2.58× | ||
| Q1 24 | 4.40× | 0.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MELI
| Commerce | $2.8B | 45% |
| Argentina Segment | $1.6B | 26% |
| Products | $1.2B | 20% |
| Other Countries Segment | $414.0M | 7% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
