Income StatementBalance SheetCash FlowSegments
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Smurfit Kappa Group Business Segments

Business, geographic, and product segment breakdowns

Smurfit Kappa Group generates $31.2B in annual revenue across 3 key segments: Europe, MEA and APAC ($11.1B), LATAM ($2.1B), and North America ($18.4B). The company-wide operating margin is 4.54%. Based on the Q1 2026 filing.

Europe, MEA and APAC (TTM)$11.1BLATAM (TTM)$2.1BNorth America (TTM)$18.4B
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$19.6B
P/E Ratio51.55
ROE2.12%

Products & Services

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Packaging$6.0B$6.1B$6.4B$6.5B$6.1B$6.2B
Paper$1.5B$1.6B$1.5B$1.5B$1.5B$1.5B

Geographic

Foreign

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$53.8M$64.8M$64.8M$64.8M$64.8M—

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Americas$4.0B———$4.5B—
Other Europe, MEA and APAC$4.7B———$5.5B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Americas$582.5M$845.3M$845.3M$845.3M$845.3M—
Other Europe, MEA and APAC$1.5B$1.8B$1.8B$1.8B$1.8B—

Business Segments

Acquisitions and acquisitions adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, MEA and APAC$23.5M-$3.3M-$3.3M-$3.3M-$3.3M—
LATAM$51.5M-$750.0K-$750.0K-$750.0K-$750.0K—
North America$970.5M$16.8M$16.8M$16.8M$16.8M—

Adjusted Earnings Before Interest Tax Depreciation And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$710.0M$785.0M$752.0M$810.0M$651.0M$597.0M
Europe, MEA and APAC$371.0M$389.0M$372.0M$419.0M$438.0M$421.0M
LATAM$121.0M$115.0M$123.0M$116.0M$131.0M$109.0M

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$3.4B$3.4B$3.5B$3.5B$3.3B$3.5B
Europe, MEA and APAC$1.8B$1.9B$2.1B$2.1B$2.0B$2.0B
LATAM$361.0M$347.0M$357.0M$387.0M$372.0M$375.0M

Goodwill arising on Merger

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe, MEA and APAC$2.4B———$2.7B—
LATAM$302.0M———$333.0M—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$4.6B$4.7B$4.8B$4.7B$4.4B$4.5B
Europe, MEA and APAC$2.5B$2.6B$2.8B$2.8B$2.7B$2.8B
LATAM$524.0M$513.0M$518.0M$545.0M$537.0M$540.0M

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$3.9B$3.9B$4.0B$3.9B$3.8B$3.9B
Europe, MEA and APAC$2.2B$2.2B$2.4B$2.4B$2.3B$2.4B
LATAM$403.0M$398.0M$395.0M$429.0M$406.0M$431.0M

Selling, General and Administrative Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$479.0M$497.0M$476.0M$457.0M$438.0M$446.0M
Europe, MEA and APAC$303.0M$291.0M$334.0M$327.0M$314.0M$322.0M
LATAM$42.0M$51.0M$38.0M$42.0M$34.0M$56.0M

Total capital expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$350.0M$293.0M$287.0M$356.0M$288.0M$311.0M
Europe, MEA and APAC$150.0M$139.0M$176.0M$185.0M$223.0M$250.0M
LATAM$62.0M$38.0M$52.0M$61.0M$57.0M$47.0M