Smurfit Kappa Group North America — Operating Expenses increased by 3.3% to $3.91B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 0.5%, from $3.88B to $3.91B. Over 3 years (FY 2022 to FY 2025), North America — Operating Expenses shows an upward trend with a 121.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising operating expenses without a corresponding increase in sales indicate declining operational efficiency and potential margin erosion.
The aggregate of all costs incurred to maintain the North American segment's operations, encompassing both direct produc...
Comparable to total operating costs reported by industrial peers; used to assess overall regional cost discipline.
sw_segment_north_america_operating_expenses| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $359.75M | $359.75M | $359.75M | $359.75M | $335.75M | $335.75M | $335.75M | $335.75M | $353.00M | $377.00M | $3.87B | $3.88B | $3.88B | $4.00B | $3.91B | $3.78B | $3.91B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -6.7% | +0.0% | +0.0% | +0.0% | +5.1% | +6.8% | +926.3% | +0.4% | +0.0% | +3.1% | -2.3% | -3.3% | +3.3% |
| YoY Change | — | — | — | — | -6.7% | -6.7% | -6.7% | -6.7% | +5.1% | +12.3% | >999% | >999% | >999% | +961.8% | +1.1% | -2.6% | +0.5% |