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Side-by-side financial comparison of Smurfit Westrock (SW) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $6.3B, roughly 1.2× Block, Inc.). Block, Inc. runs the higher net margin — 1.9% vs 1.3%, a 0.6% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (3.6% vs 0.5%). Smurfit Westrock produced more free cash flow last quarter ($612.0M vs $579.8M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% CAGR vs 2.4%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
SW vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.6B | $6.3B |
| Net Profit | $97.0M | $115.8M |
| Gross Margin | 18.2% | 45.9% |
| Operating Margin | 5.1% | 7.8% |
| Net Margin | 1.3% | 1.9% |
| Revenue YoY | 0.5% | 3.6% |
| Net Profit YoY | -33.6% | -94.1% |
| EPS (diluted) | $0.18 | $0.19 |
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 | $7.6B | $6.3B | ||
| Q3 25 | $8.0B | $6.1B | ||
| Q2 25 | $7.9B | $6.1B | ||
| Q1 25 | $7.7B | $5.8B | ||
| Q4 24 | $7.5B | $6.0B | ||
| Q3 24 | $7.7B | $6.0B | ||
| Q2 24 | $3.0B | $6.2B | ||
| Q1 24 | $2.9B | $6.0B |
| Q4 25 | $97.0M | $115.8M | ||
| Q3 25 | $246.0M | $461.5M | ||
| Q2 25 | $-28.0M | $538.5M | ||
| Q1 25 | $384.0M | $189.9M | ||
| Q4 24 | $146.0M | $1.9B | ||
| Q3 24 | $-150.0M | $283.8M | ||
| Q2 24 | $132.0M | $195.3M | ||
| Q1 24 | $191.0M | $472.0M |
| Q4 25 | 18.2% | 45.9% | ||
| Q3 25 | 19.6% | 43.5% | ||
| Q2 25 | 19.1% | 41.9% | ||
| Q1 25 | 20.6% | 39.7% | ||
| Q4 24 | 19.1% | 38.3% | ||
| Q3 24 | 17.6% | 37.6% | ||
| Q2 24 | 23.3% | 36.3% | ||
| Q1 24 | 24.2% | 35.2% |
| Q4 25 | 5.1% | 7.8% | ||
| Q3 25 | 6.6% | 6.7% | ||
| Q2 25 | 3.2% | 8.0% | ||
| Q1 25 | 7.2% | 5.7% | ||
| Q4 24 | 5.3% | 0.2% | ||
| Q3 24 | 0.7% | 5.4% | ||
| Q2 24 | 8.2% | 5.0% | ||
| Q1 24 | 10.5% | 4.2% |
| Q4 25 | 1.3% | 1.9% | ||
| Q3 25 | 3.1% | 7.5% | ||
| Q2 25 | -0.4% | 8.9% | ||
| Q1 25 | 5.0% | 3.3% | ||
| Q4 24 | 1.9% | 32.3% | ||
| Q3 24 | -2.0% | 4.7% | ||
| Q2 24 | 4.4% | 3.2% | ||
| Q1 24 | 6.5% | 7.9% |
| Q4 25 | $0.18 | $0.19 | ||
| Q3 25 | $0.47 | $0.74 | ||
| Q2 25 | $-0.05 | $0.87 | ||
| Q1 25 | $0.73 | $0.30 | ||
| Q4 24 | $-0.12 | $3.06 | ||
| Q3 24 | $-0.30 | $0.45 | ||
| Q2 24 | $0.51 | $0.31 | ||
| Q1 24 | $0.73 | $0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $892.0M | $6.6B |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $18.3B | $22.2B |
| Total Assets | $45.2B | $39.5B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $892.0M | $6.6B | ||
| Q3 25 | $851.0M | $8.3B | ||
| Q2 25 | $778.0M | $6.4B | ||
| Q1 25 | $797.0M | $7.1B | ||
| Q4 24 | $855.0M | $8.1B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | $26.8K | $7.8B | ||
| Q1 24 | $108 | $5.8B |
| Q4 25 | $13.4B | — | ||
| Q3 25 | $13.3B | $7.3B | ||
| Q2 25 | $13.3B | $5.1B | ||
| Q1 25 | $12.9B | $5.1B | ||
| Q4 24 | $12.5B | $6.1B | ||
| Q3 24 | $13.2B | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $18.3B | $22.2B | ||
| Q3 25 | $18.4B | $22.5B | ||
| Q2 25 | $18.3B | $22.2B | ||
| Q1 25 | $17.9B | $21.5B | ||
| Q4 24 | $17.4B | $21.3B | ||
| Q3 24 | $18.0B | $19.9B | ||
| Q2 24 | $14.5K | $19.3B | ||
| Q1 24 | $108 | $19.0B |
| Q4 25 | $45.2B | $39.5B | ||
| Q3 25 | $45.6B | $39.2B | ||
| Q2 25 | $45.7B | $36.9B | ||
| Q1 25 | $44.6B | $36.4B | ||
| Q4 24 | $43.8B | $36.8B | ||
| Q3 24 | $45.0B | $36.4B | ||
| Q2 24 | $26.8K | $37.5B | ||
| Q1 24 | $108 | $35.6B |
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.72× | 0.32× | ||
| Q2 25 | 0.73× | 0.23× | ||
| Q1 25 | 0.72× | 0.24× | ||
| Q4 24 | 0.72× | 0.29× | ||
| Q3 24 | 0.73× | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $1.2B | $621.0M |
| Free Cash FlowOCF − Capex | $612.0M | $579.8M |
| FCF MarginFCF / Revenue | 8.1% | 9.3% |
| Capex IntensityCapex / Revenue | 7.7% | 0.7% |
| Cash ConversionOCF / Net Profit | 12.32× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $621.0M | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $829.0M | $374.3M | ||
| Q1 25 | $235.0M | $133.3M | ||
| Q4 24 | $781.0M | $13.8M | ||
| Q3 24 | $320.0M | $684.8M | ||
| Q2 24 | $340.0M | $519.4M | ||
| Q1 24 | $42.0M | $489.4M |
| Q4 25 | $612.0M | $579.8M | ||
| Q3 25 | $523.0M | $1.4B | ||
| Q2 25 | $307.0M | $343.0M | ||
| Q1 25 | $-242.0M | $101.5M | ||
| Q4 24 | $212.0M | $-13.2M | ||
| Q3 24 | $-192.0M | $628.2M | ||
| Q2 24 | $163.0M | $481.0M | ||
| Q1 24 | $-166.0M | $457.4M |
| Q4 25 | 8.1% | 9.3% | ||
| Q3 25 | 6.5% | 22.9% | ||
| Q2 25 | 3.9% | 5.7% | ||
| Q1 25 | -3.2% | 1.8% | ||
| Q4 24 | 2.8% | -0.2% | ||
| Q3 24 | -2.5% | 10.5% | ||
| Q2 24 | 5.5% | 7.8% | ||
| Q1 24 | -5.7% | 7.7% |
| Q4 25 | 7.7% | 0.7% | ||
| Q3 25 | 7.6% | 0.8% | ||
| Q2 25 | 6.6% | 0.5% | ||
| Q1 25 | 6.2% | 0.6% | ||
| Q4 24 | 7.5% | 0.4% | ||
| Q3 24 | 6.7% | 0.9% | ||
| Q2 24 | 6.0% | 0.6% | ||
| Q1 24 | 7.1% | 0.5% |
| Q4 25 | 12.32× | 5.36× | ||
| Q3 25 | 4.61× | 3.14× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | 0.61× | 0.70× | ||
| Q4 24 | 5.35× | 0.01× | ||
| Q3 24 | — | 2.41× | ||
| Q2 24 | 2.58× | 2.66× | ||
| Q1 24 | 0.22× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
