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Side-by-side financial comparison of PBF Energy Inc. (PBF) 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 $7.1B, roughly 1.1× PBF Energy Inc.). Smurfit Westrock runs the higher net margin — 1.3% vs 1.1%, a 0.2% gap on every dollar of revenue. On growth, Smurfit Westrock posted the faster year-over-year revenue change (0.5% vs -2.9%). Smurfit Westrock produced more free cash flow last quarter ($612.0M vs $77.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% CAGR vs -9.1%).
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
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.
PBF vs SW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1B | $7.6B |
| Net Profit | $78.4M | $97.0M |
| Gross Margin | -1.8% | 18.2% |
| Operating Margin | 1.8% | 5.1% |
| Net Margin | 1.1% | 1.3% |
| Revenue YoY | -2.9% | 0.5% |
| Net Profit YoY | 127.1% | -33.6% |
| EPS (diluted) | $0.74 | $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 | $7.1B | $7.6B | ||
| Q3 25 | $7.7B | $8.0B | ||
| Q2 25 | $7.5B | $7.9B | ||
| Q1 25 | $7.1B | $7.7B | ||
| Q4 24 | $7.4B | $7.5B | ||
| Q3 24 | $8.4B | $7.7B | ||
| Q2 24 | $8.7B | $3.0B | ||
| Q1 24 | $8.6B | $2.9B |
| Q4 25 | $78.4M | $97.0M | ||
| Q3 25 | $170.1M | $246.0M | ||
| Q2 25 | $-5.2M | $-28.0M | ||
| Q1 25 | $-401.8M | $384.0M | ||
| Q4 24 | $-289.3M | $146.0M | ||
| Q3 24 | $-285.9M | $-150.0M | ||
| Q2 24 | $-65.2M | $132.0M | ||
| Q1 24 | $106.6M | $191.0M |
| Q4 25 | -1.8% | 18.2% | ||
| Q3 25 | 0.5% | 19.6% | ||
| Q2 25 | -0.8% | 19.1% | ||
| Q1 25 | -5.9% | 20.6% | ||
| Q4 24 | -4.2% | 19.1% | ||
| Q3 24 | -3.4% | 17.6% | ||
| Q2 24 | 0.1% | 23.3% | ||
| Q1 24 | 2.5% | 24.2% |
| Q4 25 | 1.8% | 5.1% | ||
| Q3 25 | 3.7% | 6.6% | ||
| Q2 25 | 0.6% | 3.2% | ||
| Q1 25 | -7.2% | 7.2% | ||
| Q4 24 | -5.2% | 5.3% | ||
| Q3 24 | -4.6% | 0.7% | ||
| Q2 24 | -0.9% | 8.2% | ||
| Q1 24 | 1.7% | 10.5% |
| Q4 25 | 1.1% | 1.3% | ||
| Q3 25 | 2.2% | 3.1% | ||
| Q2 25 | -0.1% | -0.4% | ||
| Q1 25 | -5.7% | 5.0% | ||
| Q4 24 | -3.9% | 1.9% | ||
| Q3 24 | -3.4% | -2.0% | ||
| Q2 24 | -0.7% | 4.4% | ||
| Q1 24 | 1.2% | 6.5% |
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $1.45 | $0.47 | ||
| Q2 25 | $-0.05 | $-0.05 | ||
| Q1 25 | $-3.53 | $0.73 | ||
| Q4 24 | $-2.41 | $-0.12 | ||
| Q3 24 | $-2.49 | $-0.30 | ||
| Q2 24 | $-0.56 | $0.51 | ||
| Q1 24 | $0.86 | $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 | $527.9M | $892.0M |
| Total DebtLower is stronger | — | $13.4B |
| Stockholders' EquityBook value | $5.3B | $18.3B |
| Total Assets | $13.0B | $45.2B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $527.9M | $892.0M | ||
| Q3 25 | $482.0M | $851.0M | ||
| Q2 25 | $590.7M | $778.0M | ||
| Q1 25 | $468.6M | $797.0M | ||
| Q4 24 | $536.1M | $855.0M | ||
| Q3 24 | $976.7M | — | ||
| Q2 24 | $1.4B | $26.8K | ||
| Q1 24 | $1.4B | $108 |
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $5.3B | $18.3B | ||
| Q3 25 | $5.2B | $18.4B | ||
| Q2 25 | $5.1B | $18.3B | ||
| Q1 25 | $5.1B | $17.9B | ||
| Q4 24 | $5.5B | $17.4B | ||
| Q3 24 | $5.9B | $18.0B | ||
| Q2 24 | $6.3B | $14.5K | ||
| Q1 24 | $6.5B | $108 |
| Q4 25 | $13.0B | $45.2B | ||
| Q3 25 | $13.0B | $45.6B | ||
| Q2 25 | $13.0B | $45.7B | ||
| Q1 25 | $13.0B | $44.6B | ||
| Q4 24 | $12.7B | $43.8B | ||
| Q3 24 | $13.1B | $45.0B | ||
| Q2 24 | $14.1B | $26.8K | ||
| Q1 24 | $13.8B | $108 |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $366.6M | $1.2B |
| Free Cash FlowOCF − Capex | $77.0M | $612.0M |
| FCF MarginFCF / Revenue | 1.1% | 8.1% |
| Capex IntensityCapex / Revenue | 4.1% | 7.7% |
| Cash ConversionOCF / Net Profit | 4.68× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $-783.2M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $366.6M | $1.2B | ||
| Q3 25 | $25.7M | $1.1B | ||
| Q2 25 | $191.1M | $829.0M | ||
| Q1 25 | $-661.4M | $235.0M | ||
| Q4 24 | $-329.7M | $781.0M | ||
| Q3 24 | $-68.0M | $320.0M | ||
| Q2 24 | $425.3M | $340.0M | ||
| Q1 24 | $15.8M | $42.0M |
| Q4 25 | $77.0M | $612.0M | ||
| Q3 25 | $-122.8M | $523.0M | ||
| Q2 25 | $35.0M | $307.0M | ||
| Q1 25 | $-772.4M | $-242.0M | ||
| Q4 24 | $-425.7M | $212.0M | ||
| Q3 24 | $-169.8M | $-192.0M | ||
| Q2 24 | $371.8M | $163.0M | ||
| Q1 24 | $-123.8M | $-166.0M |
| Q4 25 | 1.1% | 8.1% | ||
| Q3 25 | -1.6% | 6.5% | ||
| Q2 25 | 0.5% | 3.9% | ||
| Q1 25 | -10.9% | -3.2% | ||
| Q4 24 | -5.8% | 2.8% | ||
| Q3 24 | -2.0% | -2.5% | ||
| Q2 24 | 4.3% | 5.5% | ||
| Q1 24 | -1.4% | -5.7% |
| Q4 25 | 4.1% | 7.7% | ||
| Q3 25 | 1.9% | 7.6% | ||
| Q2 25 | 2.1% | 6.6% | ||
| Q1 25 | 1.6% | 6.2% | ||
| Q4 24 | 1.3% | 7.5% | ||
| Q3 24 | 1.2% | 6.7% | ||
| Q2 24 | 0.6% | 6.0% | ||
| Q1 24 | 1.6% | 7.1% |
| Q4 25 | 4.68× | 12.32× | ||
| Q3 25 | 0.15× | 4.61× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 5.35× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.58× | ||
| Q1 24 | 0.15× | 0.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
