SHW · Sherwin Williams 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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $23.57B | $23.10B | $23.05B | $22.15B | $19.94B | $18.36B |
| Cost of Revenue | $12.06B | $11.90B | $12.29B | $12.82B | $11.40B | $9.68B |
| Gross Profit | $11.52B | $11.20B | $10.76B | $9.33B | $8.54B | $8.68B |
| R&D | - | - | - | - | - | - |
| SG&A | $7.70B | $7.42B | $7.07B | $6.01B | $5.57B | $5.48B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $340.30M | $297.40M | $292.30M | $264.00M | $263.10M | $268.00M |
| Operating Income | $3.34B | $3.45B | $4.16B | $3.40B | $3.08B | $3.37B |
| Interest Expense | $396.20M | $354.70M | $417.50M | $390.80M | $334.70M | $340.40M |
| Income Tax | $769.70M | $770.40M | $721.10M | $553.00M | $384.20M | $488.80M |
| Net Income | $2.57B | $2.68B | $2.39B | $2.02B | $1.86B | $2.03B |
| EPS - Basic | $10.37 | $10.68 | $9.35 | $7.83 | $7.10 | $7.48 |
| EPS - Diluted | $10.26 | $10.55 | $9.25 | $7.72 | $6.98 | $7.36 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $207.20M | $210.40M | $276.80M | $198.80M | $165.70M | $226.60M |
| Accounts Receivable | $2.79B | $2.39B | $2.47B | $2.56B | $2.35B | $2.08B |
| Inventory | $2.32B | $2.29B | $2.33B | $2.63B | $1.93B | $1.80B |
| Accounts Payable | $2.35B | $2.25B | $2.31B | $2.44B | $2.40B | $2.12B |
| Current Assets | $6.01B | $5.40B | $5.51B | $5.91B | $5.05B | $4.59B |
| Total Assets | $25.90B | $23.63B | $22.95B | $22.59B | $20.67B | $20.40B |
| Current Liabilities | $6.92B | $6.81B | $6.63B | $5.96B | $5.72B | $4.59B |
| Long-term Debt | $9.32B | $8.18B | $8.38B | $9.59B | $8.59B | $8.27B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $4.60B | $4.05B | $3.72B | $3.10B | $2.44B | $3.61B |
| Retained Earnings | $1.03B | $7.25B | $5.29B | $3.52B | $2.12B | $844.30M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.45B | $3.15B | $3.52B | $1.92B | $2.24B | $3.41B |
| Investing Cash Flow | ($2.07B) | ($1.20B) | ($1.04B) | ($1.61B) | ($476.40M) | ($322.40M) |
| Financing Cash Flow | ($1.38B) | ($2.02B) | ($2.42B) | ($282.40M) | ($1.83B) | ($3.02B) |
| CapEx | $797.60M | $1.07B | $888.40M | $644.50M | $372.00M | $303.80M |
| Free Cash Flow | $2.65B | $2.08B | $2.63B | $1.28B | $1.87B | $3.10B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 48.8% | 48.5% | 46.7% | 42.1% | 42.8% | 47.3% |
| Operating margin | 14.2% | 14.9% | 18.1% | 15.3% | 15.5% | 18.4% |
| EBITDA margin | 15.6% | 16.2% | 19.3% | 16.5% | 16.8% | 19.8% |
| Net margin | 10.9% | 11.6% | 10.4% | 9.1% | 9.3% | 11.1% |
| Free cash flow margin | 11.3% | 9.0% | 11.4% | 5.8% | 9.4% | 16.9% |
| FCF / Net income | 1.03 | 0.78 | 1.10 | 0.63 | 1.00 | 1.53 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 32.6% | 32.1% | 30.6% | 27.2% | 27.9% | 29.8% |
| Effective tax rate | 23.1% | 22.3% | 23.2% | 21.5% | 17.1% | 19.4% |
| Return on assets | 9.9% | 11.3% | 10.4% | 8.9% | 9.0% | 10.0% |
| Return on equity | 55.9% | 66.2% | 64.3% | 65.1% | 76.5% | 56.2% |
| Return on invested capital | 18.5% | 21.9% | 26.4% | 21.0% | 23.2% | 22.9% |
| Liquidity | ||||||
| Current ratio | 0.87 | 0.79 | 0.83 | 0.99 | 0.88 | 1.00 |
| Quick ratio | 0.53 | 0.46 | 0.48 | 0.55 | 0.55 | 0.61 |
| Cash ratio | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.05 |
| Leverage | ||||||
| Debt / Equity | 2.03 | 2.02 | 2.25 | 3.09 | 3.52 | 2.29 |
| Debt / Assets | 0.36 | 0.35 | 0.36 | 0.42 | 0.42 | 0.41 |
| Debt / EBITDA | 2.53 | 2.18 | 1.88 | 2.62 | 2.57 | 2.27 |
| Interest coverage | 8.4x | 9.7x | 10.0x | 8.7x | 9.2x | 9.9x |
| Equity multiplier | 5.63 | 5.83 | 6.18 | 7.28 | 8.48 | 5.65 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.91 | 0.98 | 1.00 | 0.98 | 0.97 | 0.90 |
| Inventory turnover | 5.20 | 5.20 | 5.28 | 4.88 | 5.92 | 5.37 |
| Days sales outstanding | 43d | 38d | 39d | 42d | 43d | 41d |
| Days inventory outstanding | 70d | 70d | 69d | 75d | 62d | 68d |
| Days payable outstanding | 71d | 69d | 69d | 69d | 77d | 80d |
| Cash conversion cycle | 42d | 39d | 40d | 48d | 28d | 29d |
| Valuation | ||||||
| P / E | 31.6x | 32.2x | 33.7x | 30.7x | 50.5x | 33.3x |
| P / B | 17.6x | 21.3x | 21.7x | 20.0x | 38.6x | 6.2x |
| P / S | 3.4x | 3.7x | 3.5x | 2.8x | 4.7x | 1.2x |
| EV / EBITDA | 24.5x | 25.2x | 19.9x | 19.5x | 30.6x | 8.4x |
| Growth | ||||||
| Revenue growth (YoY) | 2.1% | 0.2% | 4.1% | 11.1% | 8.6% | 2.6% |
| Revenue CAGR (3y) | 2.1% | 5.0% | 7.9% | 7.4% | 4.4% | 7.0% |
| Revenue CAGR (5y) | 5.1% | 5.2% | 5.6% | 8.1% | 11.0% | 10.1% |
| Gross profit growth (YoY) | 2.9% | 4.1% | 15.4% | 9.2% | -1.6% | 8.0% |
| Operating income growth (YoY) | -3.3% | -17.1% | 22.5% | 10.2% | -8.6% | 20.1% |
| Net income growth (YoY) | -4.2% | 12.2% | 18.3% | 8.4% | -8.2% | 31.7% |
| EPS growth (YoY) | -2.7% | 14.1% | 19.8% | 10.6% | -5.2% | -55.4% |
| EPS CAGR (3y) | 9.9% | 14.8% | 7.9% | -22.4% | -15.7% | -26.7% |
| EPS CAGR (5y) | 6.9% | -8.5% | -4.5% | -16.2% | -10.3% | -8.0% |
| FCF growth (YoY) | 27.4% | -20.9% | 106.5% | -31.9% | -39.7% | 55.8% |
| FCF CAGR (5y) | -3.1% | 0.9% | 9.2% | -5.1% | 11.9% | 20.7% |
| Book value growth (YoY) | 13.5% | 9.0% | 19.8% | 27.3% | -32.5% | -12.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$23.57B totalPaint Stores Group$13.61B · 57.7%
Performance Coatings Group$6.80B · 28.8%
Consumer Brands Group$3.17B · 13.4%
Geographic
$4.62B totalNon Us$4.62B · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Building Materials, Hardware, Garden Supply
Comparing SHERWIN WILLIAMS CO against the 4 most active filers in the same SIC group.
Dividends
$3.18/share trailing 12 months · +5.6% YoY
| Ex-date | Per share |
|---|---|
| May 22, 2026 | $0.8000 |
| Mar 2, 2026 | $0.8000 |
| Nov 14, 2025 | $0.7900 |
| Aug 15, 2025 | $0.7900 |
| May 16, 2025 | $0.7900 |
| Mar 3, 2025 | $0.7900 |
| Nov 15, 2024 | $0.7150 |
| Aug 16, 2024 | $0.7150 |
| May 16, 2024 | $0.7150 |
| Feb 23, 2024 | $0.7150 |
| Nov 16, 2023 | $0.6050 |
| Aug 17, 2023 | $0.6050 |
| May 18, 2023 | $0.6050 |
| Feb 24, 2023 | $0.6050 |
| Nov 17, 2022 | $0.6000 |
| Aug 18, 2022 | $0.6000 |
| May 19, 2022 | $0.6000 |
| Feb 25, 2022 | $0.6000 |
| Nov 18, 2021 | $0.5500 |
| Aug 19, 2021 | $0.5500 |
| May 20, 2021 | $0.5500 |
| Feb 26, 2021 | $0.5500 |
| Nov 12, 2020 | $0.4467 |
| Aug 20, 2020 | $0.4467 |