GEF vs SW: Greif Bros and Smurfit WestRock compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Smurfit WestRock is the larger company, worth $20.0B, about 4.4 times Greif Bros.
- Greif Bros grew revenue faster over the last year (+4.3% vs +1.1%).
- Greif Bros keeps more of each dollar of revenue as operating profit (7.8% vs 4.7%).
- On earnings, Greif Bros is the cheaper stock (33.2x vs 53.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | GEF | SW |
|---|---|---|
| Market cap | $4.6B | $20.0B |
| Share price | $81.82 | $41.29 |
| Revenue (last fiscal year) | $4.4B | $31.2B |
| Free cash flow (last fiscal year) | — | $1.2B |
| Revenue growth, last year | +4.3% | +1.1% |
| Revenue growth per year, last 5 fiscal years | -0.9% | +32.2% |
| Operating margin | 7.8% | 4.7% |
| Net margin | 6.2% | 1.6% |
| Return on equity | 9.1% | 2.8% |
| P/E (trailing) | 33.2x | 53.0x |
| Price / free cash flow | — | 16.7x |
| EV / EBITDA | 9.33x | 8.31x |
| FCF growth the price implies | — | 2.6% |
| Dividend yield | 3.0% | 4.6% |
| Debt / equity | 0.89x | 1.50x |
| Fundamental grade | C | D |
| Superinvestors holding it | 2 | 3 |
| Insider purchases, last 12 months | 6 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Greif Bros
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2020 | $4.5B | — | 6.8% |
| 2021 | $5.6B | — | 10.5% |
| 2022 | $6.3B | — | 9.8% |
| 2023 | $4.2B | — | 10.2% |
| 2024 | $4.4B | — | 7.8% |
Smurfit WestRock
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $13.5B | $503M | 11.5% |
| 2023 | $12.1B | $630M | 11.3% |
| 2024 | $21.1B | $17M | 4.8% |
| 2025 | $31.2B | $1.2B | 5.5% |
Where the revenue comes from
Greif Bros · by segments, 2024
Global Industrial Packaging$3.1B57%
Paper Packaging & Services$2.3B42%
Land Management$20M0%
Smurfit WestRock · by segments, 2025
North America$18.2B58%
Europe, MEA and APAC$10.9B35%
LATAM$2.1B7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open GEF in InvestinglyQuestions
Which is bigger, Greif Bros or Smurfit WestRock?
Smurfit WestRock (SW), at $20.0B against $4.6B.
Is GEF or SW cheaper?
By trailing P/E, Greif Bros (33.2x) is cheaper than Smurfit WestRock (53.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, GEF or SW?
Greif Bros: revenue grew +4.3% over the last year, against +1.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.