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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.67B | - | $6.36B | $6.31B | $5.31B | - | $6.16B | $6.27B | $5.37B | - |
| Cost of Revenue | $2.89B | - | $3.23B | $3.20B | $2.75B | - | $3.13B | $3.21B | $2.84B | - |
| Gross Profit | $2.78B | - | $3.13B | $3.12B | $2.56B | - | $3.03B | $3.06B | $2.53B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.97B | - | $1.95B | $2.01B | $1.79B | - | $1.89B | $1.85B | $1.80B | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $98.30M | - | $74.40M | $79.30M | $79.90M | - | - | - | $71.10M | - |
| Operating Income | $679.80M | - | $1.06B | $985.70M | $653.00M | - | $1.32B | $1.41B | $884.30M | - |
| Interest Expense | $131.60M | - | $117.20M | $112.40M | $103.00M | - | $103.40M | $110.80M | $103.00M | - |
| Income Tax | $145.10M | - | $227.40M | $231.00M | $149.10M | - | $216.60M | $283.50M | $134.80M | - |
| Net Income | $534.70M | - | $833.10M | $754.70M | $503.90M | - | $806.20M | $889.90M | $505.20M | - |
| EPS - Basic | $2.18 | - | $3.38 | $3.04 | $2.02 | - | $3.22 | $3.55 | $2.00 | - |
| EPS - Diluted | $2.15 | - | $3.35 | $3.00 | $2.00 | - | $3.18 | $3.50 | $1.97 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $216.90M | $207.20M | $241.50M | $269.80M | $199.80M | $210.40M | $238.20M | $200.00M | $179.90M | $276.80M |
| Accounts Receivable | $3.19B | $2.79B | $3.12B | $3.11B | $2.81B | $2.39B | $2.97B | $3.05B | $2.81B | $2.47B |
| Inventory | $2.47B | $2.32B | $2.28B | $2.48B | $2.52B | $2.29B | $2.27B | $2.29B | $2.38B | $2.33B |
| Accounts Payable | $2.60B | $2.35B | $2.44B | $2.57B | $2.51B | $2.25B | $2.54B | $2.49B | $2.45B | $2.31B |
| Current Assets | $6.50B | $6.01B | $6.15B | $6.43B | $6.04B | $5.40B | $5.97B | $6.05B | $5.84B | $5.51B |
| Total Assets | $26.38B | $25.90B | $26.21B | $25.36B | $24.64B | $23.63B | $23.97B | $23.73B | $23.43B | $22.95B |
| Current Liabilities | $7.53B | $6.92B | $7.47B | $8.20B | $7.88B | $6.81B | $7.22B | $7.47B | $7.48B | $6.63B |
| Long-term Debt | $9.32B | $9.32B | $9.32B | $7.83B | $7.83B | $8.18B | $8.18B | $8.13B | $8.13B | $8.38B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $4.43B | $4.60B | $4.43B | $4.40B | $4.13B | $4.05B | $4.16B | $3.75B | $3.50B | $3.72B |
| Retained Earnings | $1.37B | $1.03B | $8.74B | $8.11B | $7.55B | $7.25B | $6.95B | $6.32B | $5.61B | $5.29B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $139.10M | - | - | - | ($61.10M) | - | - | - | ($58.90M) | - |
| Investing Cash Flow | ($170.50M) | - | - | - | ($316.20M) | - | - | - | ($321.30M) | - |
| Financing Cash Flow | $47.60M | - | - | - | $367.20M | - | - | - | $289.60M | - |
| CapEx | $138.30M | - | $235.30M | $250.90M | $189.30M | - | - | - | $283.80M | - |
| Free Cash Flow | $800.0K | - | - | - | ($250.40M) | - | - | - | ($342.70M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.1% | - | 49.2% | 49.4% | 48.2% | - | 49.1% | 48.8% | 47.2% | - |
| Operating margin | 12.0% | - | 16.7% | 15.6% | 12.3% | - | 21.4% | 22.5% | 16.5% | - |
| EBITDA margin | 13.7% | - | 17.8% | 16.9% | 13.8% | - | - | - | 17.8% | - |
| Net margin | 9.4% | - | 13.1% | 12.0% | 9.5% | - | 13.1% | 14.2% | 9.4% | - |
| Free cash flow margin | 0.0% | - | - | - | -4.7% | - | - | - | -6.4% | - |
| FCF / Net income | 0.00 | - | - | - | -0.50 | - | - | - | -0.68 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 34.8% | - | 30.7% | 31.9% | 33.8% | - | 30.7% | 29.4% | 33.5% | - |
| Effective tax rate | 21.3% | - | 21.4% | 23.4% | 22.8% | - | 21.2% | 24.2% | 21.1% | - |
| Return on assets | 2.0% | - | 3.2% | 3.0% | 2.0% | - | 3.4% | 3.7% | 2.2% | - |
| Return on equity | 12.1% | - | 18.8% | 17.1% | 12.2% | - | 19.4% | 23.7% | 14.4% | - |
| Return on invested capital | 3.9% | - | 6.1% | 6.2% | 4.2% | - | 8.4% | 9.0% | 6.0% | - |
| Liquidity | ||||||||||
| Current ratio | 0.86 | 0.87 | 0.82 | 0.78 | 0.77 | 0.79 | 0.83 | 0.81 | 0.78 | 0.83 |
| Quick ratio | 0.53 | 0.53 | 0.52 | 0.48 | 0.45 | 0.46 | 0.51 | 0.50 | 0.46 | 0.48 |
| Cash ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | 2.10 | 2.03 | 2.11 | 1.78 | 1.90 | 2.02 | 1.97 | 2.17 | 2.32 | 2.25 |
| Debt / Assets | 0.35 | 0.36 | 0.36 | 0.31 | 0.32 | 0.35 | 0.34 | 0.34 | 0.35 | 0.36 |
| Debt / EBITDA | 11.98 | - | 8.21 | 7.35 | 10.68 | - | - | - | 8.51 | - |
| Interest coverage | 5.2x | - | 9.0x | 8.8x | 6.3x | - | 12.8x | 12.8x | 8.6x | - |
| Equity multiplier | 5.95 | 5.63 | 5.92 | 5.76 | 5.97 | 5.83 | 5.77 | 6.33 | 6.69 | 6.18 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.24 | 0.25 | 0.22 | - | 0.26 | 0.26 | 0.23 | - |
| Inventory turnover | 1.17 | - | 1.42 | 1.29 | 1.09 | - | 1.38 | 1.40 | 1.19 | - |
| Days sales outstanding | 206d | - | 179d | 180d | 194d | - | 176d | 177d | 191d | - |
| Days inventory outstanding | 313d | - | 257d | 284d | 334d | - | 264d | 260d | 306d | - |
| Days payable outstanding | 329d | - | 276d | 293d | 334d | - | 295d | 284d | 316d | - |
| Cash conversion cycle | 189d | - | 161d | 170d | 194d | - | 145d | 154d | 181d | - |
| Valuation | ||||||||||
| P / E | 149.1x | - | 103.4x | 114.5x | 174.6x | - | 120.0x | 85.3x | 176.3x | - |
| P / B | 17.9x | - | 19.5x | 19.6x | 21.3x | - | 23.3x | 20.2x | 25.4x | - |
| P / S | 14.0x | - | 13.6x | 13.7x | 16.6x | - | 15.7x | 12.1x | 16.6x | - |
| EV / EBITDA | 113.9x | - | 84.0x | 88.1x | 130.7x | - | - | - | 101.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.8% | - | 3.2% | 0.7% | -1.1% | - | 0.7% | 0.5% | -1.4% | - |
| Revenue CAGR (3y) | 1.4% | - | 1.7% | 2.4% | 2.0% | - | 6.2% | 5.2% | 4.9% | - |
| Revenue CAGR (5y) | 4.0% | - | 5.5% | 6.5% | 5.1% | - | 4.8% | 5.2% | 5.8% | - |
| Gross profit growth (YoY) | 8.7% | - | 3.2% | 1.8% | 1.1% | - | 3.8% | 6.7% | 4.5% | - |
| Operating income growth (YoY) | 4.1% | - | -19.7% | -30.2% | -26.2% | - | 1.7% | 14.7% | 5.3% | - |
| Net income growth (YoY) | 6.1% | - | 3.3% | -15.2% | -0.3% | - | 5.9% | 12.1% | 5.8% | - |
| EPS growth (YoY) | 7.5% | - | 5.3% | -14.3% | 1.5% | - | 7.8% | 14.0% | 7.1% | - |
| EPS CAGR (3y) | 5.3% | - | 8.5% | 10.7% | 12.4% | - | 19.1% | 13.1% | 9.3% | - |
| EPS CAGR (5y) | 7.3% | - | -15.2% | -14.3% | -10.4% | - | -12.4% | -7.0% | -5.5% | - |
| FCF growth (YoY) | - | - | - | - | 26.9% | - | - | - | -181.6% | - |
| FCF CAGR (5y) | -64.0% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 7.3% | 13.5% | 6.5% | 17.3% | 17.9% | 9.0% | 9.9% | 3.3% | 10.6% | 19.8% |
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%
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 |