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Sonoco Products vs Smurfit Westrock: revenue, profit, margins and growth compared

Sonoco Products brought in $7.5B of revenue in fiscal 2025, Smurfit Westrock $31.2B in fiscal 2025. Revenue changed by +41.7% at Sonoco Products and +47.7% at Smurfit Westrock on the year before, so Smurfit Westrock grew faster. Sonoco Products kept 13.3% of its revenue as net profit, Smurfit Westrock 2.2%. Free cash flow was $345.8M at Sonoco Products and $1.2B at Smurfit Westrock.

Side by side, latest fiscal year

SONSW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.5B$31.2B
Revenue growth+41.7%+47.7%
Net income$1B$699M
Net margin13.3%2.2%
Free cash flow$345.8M$1.2B
Free cash flow margin4.6%3.8%
Earnings per share (diluted)$10.07$1.33
Cash$378.4M$892M
Debt$3.8B$13.2B
Price to earnings5.034.9
Market value$4.9B$24.3B
Dividend yield4.21%3.71%
Rank by revenue in sector#145 of 778 · Consumer discretionary#33 of 778 · Consumer discretionary

Over the years

Revenue
SON FY2018: $5.5BSON FY2019: $5.5BSON FY2020: $5.3BSON FY2021: $5.7BSON FY2022: $5.9BSON FY2023: $5.4BSON FY2024: $5.3BSON FY2025: $7.5BSW FY2022: $13.5BSW FY2024: $12.1BSW FY2024: $21.1BSW FY2025: $31.2BFY18FY19FY20FY21FY22FY23FY24FY25
SON $7.5BSW $31.2B
Net income
SON FY2018: $313.6MSON FY2019: $291.8MSON FY2020: $207.5MSON FY2021: -$85.5MSON FY2022: $466.4MSON FY2023: $475MSON FY2024: $163.9MSON FY2025: $1BSW FY2022: $1BSW FY2024: $825MSW FY2024: $319MSW FY2025: $699MFY18FY19FY20FY21FY22FY23FY24FY25
SON $1BSW $699M
Net margin
SON FY2018: 5.7%SON FY2019: 5.3%SON FY2020: 3.9%SON FY2021: -1.5%SON FY2022: 8.0%SON FY2023: 8.7%SON FY2024: 3.1%SON FY2025: 13.3%SW FY2022: 7.7%SW FY2024: 6.8%SW FY2024: 1.5%SW FY2025: 2.2%FY18FY19FY20FY21FY22FY23FY24FY25
SON 13.3%SW 2.2%
Revenue growth
SON FY2019: -0.5%SON FY2020: -2.8%SON FY2021: +6.9%SON FY2022: +2.4%SON FY2023: -7.1%SON FY2024: -2.5%SON FY2025: +41.7%SW FY2024: -10.5%SW FY2024: +74.6%SW FY2025: +47.7%FY19FY20FY21FY22FY23FY24FY25
SON +41.7%SW +47.7%
Free cash flow
SON FY2018: $397.3MSON FY2019: $229.9MSON FY2020: $511.5MSON FY2021: $42.7MSON FY2022: $180.3MSON FY2023: $519.8MSON FY2024: $440.6MSON FY2025: $345.8MSW FY2022: $503MSW FY2024: $630MSW FY2024: $17MSW FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
SON $345.8MSW $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Sonoco Products and Smurfit Westrock

Which is bigger by revenue, Sonoco Products or Smurfit Westrock?

Smurfit Westrock is bigger by revenue: $31.2B in fiscal 2025, against $7.5B for Sonoco Products in fiscal 2025.

Which keeps more of its revenue as profit, Sonoco Products or Smurfit Westrock?

Sonoco Products had a net margin of 13.3% in fiscal 2025; Smurfit Westrock had 2.2% in fiscal 2025.

Which grew revenue faster, Sonoco Products or Smurfit Westrock?

In their latest fiscal years revenue changed by +41.7% at Sonoco Products and +47.7% at Smurfit Westrock.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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