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Smurfit Westrock vs Graphic Packaging Holding: SW and GPK compared
Smurfit Westrock is the larger company: $8.2B of revenue in its latest quarter (Q3 2026) against $2.2B for Graphic Packaging Holding (Q3 2026). Smurfit Westrock is growing faster (+2% against +0.1% a year earlier). Smurfit Westrock is more profitable, with an operating margin of 6.0% against 4.6%.
Where the money goes: SW and GPK
Smurfit Westrock (SW) · Q3 2026
Smurfit Westrock, Q3 2026: revenue $8.2B (+2% year over year), operating margin 6.0%, net earnings $219M, operating cash flow $874M. The chart follows the revenue to costs, profit and cash.
Graphic Packaging Holding (GPK) · Q3 2026
Graphic Packaging Holding, Q3 2026: revenue $2.2B (+0.1% year over year), operating margin 4.6%, net earnings $22.0M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Smurfit Westrock (SW) | Graphic Packaging Holding (GPK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $8.2B | $2.2B |
| Revenue growth, Y/Y | +2% | +0.1% |
| Gross margin | 17.6% | — |
| Operating margin | 6.0% | 4.6% |
| Net earnings | $219M | $22.0M |
| Net margin | 2.7% | 1.0% |
| Operating cash flow | $874M | $250M |
| Free cash flow | $360M | $186M |
| Market value | $23.5B | $3.3B |
| P/E | 50.0× | 45.0× |
| Analysts’ mean target | $54.23 | $11.80 |
Where the revenue comes from
Smurfit Westrock
- North America: $4.8B (58%)
- Europe, MEA and APAC: $2.8B (35%)
- LATAM: $587M (7%)
Questions
Which is bigger, Smurfit Westrock or Graphic Packaging Holding?
Smurfit Westrock is the larger company: $8.2B of revenue in its latest quarter (Q3 2026) against $2.2B for Graphic Packaging Holding (Q3 2026).
Is Smurfit Westrock or Graphic Packaging Holding growing faster?
Smurfit Westrock is growing faster (+2% against +0.1% a year earlier).
Which is more profitable, Smurfit Westrock or Graphic Packaging Holding?
Smurfit Westrock is more profitable, with an operating margin of 6.0% against 4.6%.
More: Smurfit Westrock earnings · how Smurfit Westrock makes money · Graphic Packaging Holding earnings · how Graphic Packaging Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.