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Side-by-side financial comparison of Sandisk Corp (SNDK) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.7B vs $6.0B, roughly 1.3× Sandisk Corp). Sandisk Corp runs the higher net margin — 60.8% vs 0.8%, a 59.9% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (96.7% vs 0.7%). Over the past eight quarters, Sandisk Corp's revenue compounded faster (77.8% CAGR vs 61.2%).
Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.
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.
SNDK vs SW — Head-to-Head
Income Statement — Q1 FY2027 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $7.7B |
| Net Profit | $3.6B | $63.0M |
| Gross Margin | 78.4% | 16.4% |
| Operating Margin | 69.1% | 3.3% |
| Net Margin | 60.8% | 0.8% |
| Revenue YoY | 96.7% | 0.7% |
| Net Profit YoY | 273.8% | 0.0% |
| EPS (diluted) | $23.03 | $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.
| Q3 26 | $6.0B | — | ||
| Q2 26 | $3.0B | — | ||
| Q1 26 | $3.0B | $7.7B | ||
| Q4 25 | $2.3B | $7.6B | ||
| Q3 25 | — | $8.0B | ||
| Q2 25 | $1.9B | $7.9B | ||
| Q1 25 | $1.7B | $7.7B | ||
| Q4 24 | $1.9B | $7.5B |
| Q3 26 | $3.6B | — | ||
| Q2 26 | $803.0M | — | ||
| Q1 26 | $803.0M | $63.0M | ||
| Q4 25 | $112.0M | $97.0M | ||
| Q3 25 | — | $246.0M | ||
| Q2 25 | $-23.0M | $-28.0M | ||
| Q1 25 | $-1.9B | $384.0M | ||
| Q4 24 | $104.0M | $146.0M |
| Q3 26 | 78.4% | — | ||
| Q2 26 | 50.9% | — | ||
| Q1 26 | 50.9% | 16.4% | ||
| Q4 25 | 29.8% | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | 26.2% | 19.1% | ||
| Q1 25 | 22.5% | 20.6% | ||
| Q4 24 | 32.3% | 19.1% |
| Q3 26 | 69.1% | — | ||
| Q2 26 | 35.2% | — | ||
| Q1 26 | 35.2% | 3.3% | ||
| Q4 25 | 7.6% | 5.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | 0.9% | 3.2% | ||
| Q1 25 | -111.0% | 7.2% | ||
| Q4 24 | 10.4% | 5.3% |
| Q3 26 | 60.8% | — | ||
| Q2 26 | 26.5% | — | ||
| Q1 26 | 26.5% | 0.8% | ||
| Q4 25 | 4.9% | 1.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | -1.2% | -0.4% | ||
| Q1 25 | -114.0% | 5.0% | ||
| Q4 24 | 5.5% | 1.9% |
| Q3 26 | $23.03 | — | ||
| Q2 26 | $5.15 | — | ||
| Q1 26 | $5.15 | $0.12 | ||
| Q4 25 | $0.75 | $0.18 | ||
| Q3 25 | — | $0.47 | ||
| Q2 25 | $-0.17 | $-0.05 | ||
| Q1 25 | $-13.33 | $0.73 | ||
| Q4 24 | $0.72 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.7B | — |
| Total DebtLower is stronger | $0 | $980.0M |
| Stockholders' EquityBook value | $13.8B | $18.1B |
| Total Assets | $17.1B | $45.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | $3.7B | — | ||
| Q2 26 | $1.5B | — | ||
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $892.0M | ||
| Q3 25 | — | $851.0M | ||
| Q2 25 | $1.5B | $778.0M | ||
| Q1 25 | $1.5B | $797.0M | ||
| Q4 24 | $804.0M | $855.0M |
| Q3 26 | $0 | — | ||
| Q2 26 | $603.0M | — | ||
| Q1 26 | $603.0M | $980.0M | ||
| Q4 25 | $1.4B | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | $1.8B | $13.3B | ||
| Q1 25 | $1.9B | $12.9B | ||
| Q4 24 | — | $12.5B |
| Q3 26 | $13.8B | — | ||
| Q2 26 | $10.2B | — | ||
| Q1 26 | $10.2B | $18.1B | ||
| Q4 25 | $9.4B | $18.3B | ||
| Q3 25 | — | $18.4B | ||
| Q2 25 | $9.2B | $18.3B | ||
| Q1 25 | $9.2B | $17.9B | ||
| Q4 24 | $12.0B | $17.4B |
| Q3 26 | $17.1B | — | ||
| Q2 26 | $13.0B | — | ||
| Q1 26 | $13.0B | $45.2B | ||
| Q4 25 | $12.7B | $45.2B | ||
| Q3 25 | — | $45.6B | ||
| Q2 25 | $13.0B | $45.7B | ||
| Q1 25 | $13.0B | $44.6B | ||
| Q4 24 | $14.2B | $43.8B |
| Q3 26 | 0.00× | — | ||
| Q2 26 | 0.06× | — | ||
| Q1 26 | 0.06× | 0.05× | ||
| Q4 25 | 0.14× | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | 0.20× | 0.73× | ||
| Q1 25 | 0.21× | 0.72× | ||
| Q4 24 | — | 0.72× |
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 | — | $204.0M |
| Free Cash FlowOCF − Capex | $3.0B | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.24× |
| TTM Free Cash FlowTrailing 4 quarters | $5.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | $1.0B | $204.0M | ||
| Q4 25 | $488.0M | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $829.0M | ||
| Q1 25 | $26.0M | $235.0M | ||
| Q4 24 | $95.0M | $781.0M |
| Q3 26 | $3.0B | — | ||
| Q2 26 | $980.0M | — | ||
| Q1 26 | $980.0M | — | ||
| Q4 25 | $438.0M | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | $-18.0M | $-242.0M | ||
| Q4 24 | $47.0M | $212.0M |
| Q3 26 | 50.3% | — | ||
| Q2 26 | 32.4% | — | ||
| Q1 26 | 32.4% | — | ||
| Q4 25 | 19.0% | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | -1.1% | -3.2% | ||
| Q4 24 | 2.5% | 2.8% |
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | 1.3% | — | ||
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | 2.6% | 6.2% | ||
| Q4 24 | 2.6% | 7.5% |
| Q3 26 | — | — | ||
| Q2 26 | — | — | ||
| Q1 26 | 1.27× | 3.24× | ||
| Q4 25 | 4.36× | 12.32× | ||
| Q3 25 | — | 4.61× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 0.91× | 5.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNDK
| Edge | $3.7B | 62% |
| Datacenter | $1.5B | 25% |
| Consumer | $820.0M | 14% |
SW
Segment breakdown not available.
