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Side-by-side financial comparison of Smurfit Westrock (SW) and TE Connectivity (TEL). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.7B vs $4.7B, roughly 1.6× TE Connectivity). TE Connectivity runs the higher net margin — 18.0% vs 0.8%, a 17.2% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs 0.7%). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (61.2% CAGR vs 9.2%).
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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
SW vs TEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $7.7B | $4.7B |
| Net Profit | $63.0M | $855.0M |
| Gross Margin | 16.4% | 36.8% |
| Operating Margin | 3.3% | 20.1% |
| Net Margin | 0.8% | 18.0% |
| Revenue YoY | 0.7% | 14.5% |
| Net Profit YoY | 0.0% | 58.0% |
| EPS (diluted) | $0.12 | $2.90 |
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 | $7.7B | $4.7B | ||
| Q4 25 | $7.6B | $4.7B | ||
| Q3 25 | $8.0B | $4.7B | ||
| Q2 25 | $7.9B | $4.5B | ||
| Q1 25 | $7.7B | $4.1B | ||
| Q4 24 | $7.5B | $3.8B | ||
| Q3 24 | $7.7B | $4.1B | ||
| Q2 24 | $3.0B | $4.0B |
| Q1 26 | $63.0M | $855.0M | ||
| Q4 25 | $97.0M | $750.0M | ||
| Q3 25 | $246.0M | $663.0M | ||
| Q2 25 | $-28.0M | $638.0M | ||
| Q1 25 | $384.0M | $13.0M | ||
| Q4 24 | $146.0M | $528.0M | ||
| Q3 24 | $-150.0M | $276.0M | ||
| Q2 24 | $132.0M | $573.0M |
| Q1 26 | 16.4% | 36.8% | ||
| Q4 25 | 18.2% | 37.2% | ||
| Q3 25 | 19.6% | 35.0% | ||
| Q2 25 | 19.1% | 35.3% | ||
| Q1 25 | 20.6% | 35.2% | ||
| Q4 24 | 19.1% | 35.5% | ||
| Q3 24 | 17.6% | 34.0% | ||
| Q2 24 | 23.3% | 34.8% |
| Q1 26 | 3.3% | 20.1% | ||
| Q4 25 | 5.1% | 20.6% | ||
| Q3 25 | 6.6% | 19.3% | ||
| Q2 25 | 3.2% | 18.9% | ||
| Q1 25 | 7.2% | 18.1% | ||
| Q4 24 | 5.3% | 18.0% | ||
| Q3 24 | 0.7% | 16.0% | ||
| Q2 24 | 8.2% | 19.0% |
| Q1 26 | 0.8% | 18.0% | ||
| Q4 25 | 1.3% | 16.1% | ||
| Q3 25 | 3.1% | 14.0% | ||
| Q2 25 | -0.4% | 14.1% | ||
| Q1 25 | 5.0% | 0.3% | ||
| Q4 24 | 1.9% | 13.8% | ||
| Q3 24 | -2.0% | 6.8% | ||
| Q2 24 | 4.4% | 14.4% |
| Q1 26 | $0.12 | $2.90 | ||
| Q4 25 | $0.18 | $2.53 | ||
| Q3 25 | $0.47 | $2.23 | ||
| Q2 25 | $-0.05 | $2.14 | ||
| Q1 25 | $0.73 | $0.04 | ||
| Q4 24 | $-0.12 | $1.75 | ||
| Q3 24 | $-0.30 | $0.96 | ||
| Q2 24 | $0.51 | $1.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.1B |
| Total DebtLower is stronger | $980.0M | $5.7B |
| Stockholders' EquityBook value | $18.1B | $13.2B |
| Total Assets | $45.2B | $25.7B |
| Debt / EquityLower = less leverage | 0.05× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $892.0M | $1.3B | ||
| Q3 25 | $851.0M | $1.3B | ||
| Q2 25 | $778.0M | $672.0M | ||
| Q1 25 | $797.0M | $2.6B | ||
| Q4 24 | $855.0M | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $26.8K | $1.5B |
| Q1 26 | $980.0M | $5.7B | ||
| 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 26 | $18.1B | $13.2B | ||
| Q4 25 | $18.3B | $13.0B | ||
| Q3 25 | $18.4B | $12.6B | ||
| Q2 25 | $18.3B | $12.4B | ||
| Q1 25 | $17.9B | $12.1B | ||
| Q4 24 | $17.4B | $12.4B | ||
| Q3 24 | $18.0B | $12.4B | ||
| Q2 24 | $14.5K | $12.6B |
| Q1 26 | $45.2B | $25.7B | ||
| Q4 25 | $45.2B | $25.6B | ||
| Q3 25 | $45.6B | $25.1B | ||
| Q2 25 | $45.7B | $24.9B | ||
| Q1 25 | $44.6B | $23.7B | ||
| Q4 24 | $43.8B | $22.4B | ||
| Q3 24 | $45.0B | $22.9B | ||
| Q2 24 | $26.8K | $22.9B |
| Q1 26 | 0.05× | 0.43× | ||
| 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 | — | — |
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 | $947.0M |
| Free Cash FlowOCF − Capex | — | $680.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 5.7% |
| Cash ConversionOCF / Net Profit | 3.24× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $204.0M | $947.0M | ||
| Q4 25 | $1.2B | $865.0M | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $829.0M | $1.2B | ||
| Q1 25 | $235.0M | $653.0M | ||
| Q4 24 | $781.0M | $878.0M | ||
| Q3 24 | $320.0M | $1.0B | ||
| Q2 24 | $340.0M | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | $612.0M | $607.0M | ||
| Q3 25 | $523.0M | $1.1B | ||
| Q2 25 | $307.0M | $957.0M | ||
| Q1 25 | $-242.0M | $423.0M | ||
| Q4 24 | $212.0M | $673.0M | ||
| Q3 24 | $-192.0M | $829.0M | ||
| Q2 24 | $163.0M | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 8.1% | 13.0% | ||
| Q3 25 | 6.5% | 24.2% | ||
| Q2 25 | 3.9% | 21.1% | ||
| Q1 25 | -3.2% | 10.2% | ||
| Q4 24 | 2.8% | 17.5% | ||
| Q3 24 | -2.5% | 20.4% | ||
| Q2 24 | 5.5% | 21.5% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 7.7% | 5.5% | ||
| Q3 25 | 7.6% | 5.7% | ||
| Q2 25 | 6.6% | 5.1% | ||
| Q1 25 | 6.2% | 5.6% | ||
| Q4 24 | 7.5% | 5.3% | ||
| Q3 24 | 6.7% | 5.2% | ||
| Q2 24 | 6.0% | 3.7% |
| Q1 26 | 3.24× | 1.11× | ||
| Q4 25 | 12.32× | 1.15× | ||
| Q3 25 | 4.61× | 2.14× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | 0.61× | 50.23× | ||
| Q4 24 | 5.35× | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | 2.58× | 1.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
