WRK · Westrock Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.73B | $4.62B | $5.12B | $5.28B | $4.92B | $5.52B | $5.38B | $4.95B | $4.82B | $4.44B |
| Cost of Revenue | $3.95B | $3.86B | $4.10B | $4.36B | $4.16B | $4.36B | $4.38B | $4.16B | $3.89B | $3.69B |
| Gross Profit | $780.10M | $758.80M | $1.02B | $920.30M | $765.20M | $1.16B | $1.00B | $796.60M | $929.90M | $749.60M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $388.40M | $381.80M | $382.50M | $395.80M | $373.20M | $377.30M | $373.60M | $366.50M | $369.00M | $361.40M |
| Operating Income | $120.40M | $84.20M | $358.70M | ($1.99B) | $168.20M | $541.20M | $56.60M | $270.60M | $382.30M | $197.10M |
| Interest Expense | $136.70M | $139.50M | $141.90M | $134.30M | $118.90M | $92.40M | $84.90M | $98.30M | $109.90M | $112.10M |
| Income Tax | ($10.00M) | $5.70M | $67.30M | ($116.80M) | $8.30M | $132.70M | $1.80M | $58.60M | $77.40M | $30.50M |
| Net Income | $15.50M | ($22.40M) | $202.00M | ($2.01B) | $45.30M | $377.90M | $39.90M | $182.30M | $250.10M | $112.50M |
| EPS - Basic | $0.06 | ($0.09) | $0.79 | ($7.85) | $0.18 | $1.48 | $0.15 | $0.69 | $0.94 | $0.42 |
| EPS - Diluted | $0.06 | ($0.09) | $0.79 | ($7.85) | $0.18 | $1.47 | $0.15 | $0.68 | $0.93 | $0.42 |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $494.70M | $488.10M | $393.40M | $363.40M | $415.20M | $260.20M | $360.20M | $291.30M | $290.90M | $334.00M |
| Accounts Receivable | $2.58B | $2.44B | $2.59B | $2.81B | $2.67B | $2.68B | $2.84B | $2.53B | $2.59B | $2.42B |
| Inventory | $2.33B | $2.39B | $2.33B | $2.55B | $2.57B | $2.32B | $2.23B | $2.24B | $2.17B | $2.09B |
| Accounts Payable | $2.14B | $2.16B | $2.12B | $2.18B | $2.27B | $2.25B | $2.22B | $2.14B | $2.12B | $1.80B |
| Current Assets | $6.34B | $6.15B | $6.99B | $7.60B | $7.58B | $5.99B | $5.99B | $5.57B | $5.66B | $5.38B |
| Total Assets | $26.88B | $26.75B | $27.44B | $28.21B | $30.34B | $28.41B | $29.21B | $29.08B | $29.25B | $28.97B |
| Current Liabilities | $4.74B | $3.97B | $4.92B | $4.97B | $5.01B | $3.90B | $3.91B | $3.56B | $3.64B | $3.55B |
| Long-term Debt | $7.72B | $8.24B | $8.05B | $9.00B | $8.97B | $7.58B | $7.95B | $8.00B | $8.03B | $8.39B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $10.07B | $10.15B | $10.08B | $9.64B | $11.53B | $11.40B | $11.58B | $11.70B | $11.67B | $11.05B |
| Retained Earnings | $113.40M | $176.50M | $278.20M | $110.00M | $2.19B | $2.21B | $1.66B | $1.71B | $1.61B | $1.19B |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $275.00M | - | - | $265.90M | - | - | $252.80M | - | - |
| Investing Cash Flow | - | $625.40M | - | - | ($1.08B) | - | - | ($154.80M) | - | - |
| Financing Cash Flow | - | ($804.00M) | - | - | $982.90M | - | - | ($104.30M) | - | - |
| CapEx | - | $247.30M | - | - | $282.20M | - | - | $173.10M | - | - |
| Free Cash Flow | - | $27.70M | - | - | ($16.30M) | - | - | $79.70M | - | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 16.5% | 16.4% | 19.9% | 17.4% | 15.5% | 21.0% | 18.6% | 16.1% | 19.3% | 16.9% |
| Operating margin | 2.5% | 1.8% | 7.0% | -37.8% | 3.4% | 9.8% | 1.1% | 5.5% | 7.9% | 4.4% |
| EBITDA margin | 10.8% | 10.1% | 14.5% | -30.3% | 11.0% | 16.6% | 8.0% | 12.9% | 15.6% | 12.6% |
| Net margin | 0.3% | -0.5% | 3.9% | -38.0% | 0.9% | 6.8% | 0.7% | 3.7% | 5.2% | 2.5% |
| Free cash flow margin | - | 0.6% | - | - | -0.3% | - | - | 1.6% | - | - |
| FCF / Net income | - | -1.24 | - | - | -0.36 | - | - | 0.44 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | -181.8% | - | 25.0% | - | 15.5% | 26.0% | 4.3% | 24.3% | 23.6% | 21.3% |
| Return on assets | 0.1% | -0.1% | 0.7% | -7.1% | 0.1% | 1.3% | 0.1% | 0.6% | 0.9% | 0.4% |
| Return on equity | 0.2% | -0.2% | 2.0% | -20.8% | 0.4% | 3.3% | 0.3% | 1.6% | 2.1% | 1.0% |
| Return on invested capital | 0.7% | 0.4% | 1.5% | -8.4% | 0.7% | 2.1% | 0.3% | 1.0% | 1.5% | 0.8% |
| Liquidity | ||||||||||
| Current ratio | 1.34 | 1.55 | 1.42 | 1.53 | 1.51 | 1.53 | 1.53 | 1.57 | 1.55 | 1.52 |
| Quick ratio | 0.85 | 0.95 | 0.95 | 1.02 | 1.00 | 0.94 | 0.96 | 0.94 | 0.96 | 0.93 |
| Cash ratio | 0.10 | 0.12 | 0.08 | 0.07 | 0.08 | 0.07 | 0.09 | 0.08 | 0.08 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.77 | 0.81 | 0.80 | 0.93 | 0.78 | 0.66 | 0.69 | 0.68 | 0.69 | 0.76 |
| Debt / Assets | 0.29 | 0.31 | 0.29 | 0.32 | 0.30 | 0.27 | 0.27 | 0.27 | 0.27 | 0.29 |
| Debt / EBITDA | 15.17 | 17.67 | 10.86 | - | 16.56 | 8.25 | 18.49 | 12.55 | 10.68 | 15.03 |
| Interest coverage | 0.9x | 0.6x | 2.5x | -14.8x | 1.4x | 5.9x | 0.7x | 2.8x | 3.5x | 1.8x |
| Equity multiplier | 2.67 | 2.64 | 2.72 | 2.93 | 2.63 | 2.49 | 2.52 | 2.49 | 2.51 | 2.62 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | 0.17 | 0.19 | 0.19 | 0.16 | 0.19 | 0.18 | 0.17 | 0.16 | 0.15 |
| Inventory turnover | 1.69 | 1.61 | 1.76 | 1.71 | 1.62 | 1.88 | 1.96 | 1.85 | 1.79 | 1.76 |
| Days sales outstanding | 200d | 193d | 185d | 195d | 198d | 177d | 193d | 186d | 196d | 199d |
| Days inventory outstanding | 215d | 226d | 208d | 214d | 226d | 194d | 186d | 197d | 204d | 207d |
| Days payable outstanding | 198d | 204d | 189d | 182d | 199d | 189d | 185d | 188d | 199d | 178d |
| Cash conversion cycle | 217d | 215d | 203d | 226d | 224d | 183d | 194d | 195d | 201d | 228d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -10.4% | -6.2% | -7.2% | -1.9% | -0.6% | 14.6% | 21.3% | 12.5% | 13.7% | -0.2% |
| Revenue CAGR (3y) | 2.1% | 1.6% | 6.5% | 5.9% | 3.6% | 10.1% | 5.2% | 8.3% | - | - |
| Revenue CAGR (5y) | 0.5% | 3.5% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -15.2% | -0.8% | -11.9% | -8.3% | -3.9% | 24.7% | 33.9% | 5.8% | -6.0% | -6.9% |
| Operating income growth (YoY) | - | -49.9% | -33.7% | - | -37.8% | 41.6% | -71.3% | 16.1% | 40.8% | -28.2% |
| Net income growth (YoY) | - | - | -46.5% | - | -75.2% | 51.1% | -64.5% | 19.9% | 40.1% | -24.0% |
| EPS growth (YoY) | - | - | -46.3% | - | -73.5% | 58.1% | -64.3% | 19.3% | 34.8% | -26.3% |
| EPS CAGR (3y) | -47.7% | - | 4.6% | - | -30.2% | 14.5% | -37.7% | 8.0% | - | - |
| EPS CAGR (5y) | -37.3% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | -85.5% | - | - |
| FCF CAGR (5y) | - | -2.4% | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 4.4% | -12.0% | -11.6% | -16.7% | -1.4% | -2.3% | 4.8% | 6.7% | 9.8% | -3.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-09-30.
Business segments
$20.63B totalCorrugated Packaging$10.05B · 48.7%
Consumer Packaging$4.94B · 24.0%
Global Paper$4.37B · 21.2%
Distribution Segment$1.26B · 6.1%
Geographic
$10.36B totalUS$7.78B · 75.2%
Latin America$1.71B · 16.5%
CA$554.30M · 5.4%
Asia Pacific$300.20M · 2.9%
EMEA$8.70M · 0.1%
Peer comparison
Same SIC group: Paperboard Containers & Boxes
Comparing WestRock Co against the 5 most active filers in the same SIC group.