Materials · Industrial Specialties

Sherwin-Williams Company

NYSESHW ISINUS8243481061 SEC CIK0000089800 Listed on NYSE · USD

$356.12 +0.36 (+0.10%) Pre-market $353.01 (-0.77%) ≈ ₹33,422 a share

Open chart

Price, last 12 months+4.59% in a year

Key numbers

Market value: $86.03B
P/E (TTM): 32.7
Forward P/E: 28.5
EPS (TTM): $10.88
Dividend yield: 0.90%
Beta: 1.05
Day range: $353.66 – $359.89
52-week range: $289.86 – $377.77
Volume: 331,046
10-day avg volume: $2.32M
Revenue (TTM): $24.91B
EBITDA (TTM): $4.83B
Gross margin: 48.6%
Net margin: 10.7%
Return on equity: 63.7%
Debt / equity: 296.6%
Price / sales: 3.45
Shares out: 241.59M

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Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$5.25B$791.20M$356.20M

Dec 23

$5.37B$884.30M$505.20M

Mar 24

$6.27B$1.41B$889.90M

Jun 24

$6.16B$1.32B$806.20M

Sep 24

$5.30B$480.10M

Dec 24

$5.31B$503.90M

Mar 25

$6.31B$754.70M

Jun 25

$6.36B$833.10M

Sep 25

$5.60B$476.80M

Dec 25

$5.67B$534.70M

Mar 26

$6.79B$843.60M

Jun 26

$6.86B$821.00M

Sep 26

Revenue · QoQ (vs last quarter)

—+2.2%+17%-1.7%-14%+0.2%+19%+0.7%-12%+1.3%+20%+1.0%

Revenue · YoY (vs a year ago)

————+0.9%-1.1%+0.7%+3.2%+5.6%+6.8%+7.5%+7.9%

Net income · QoQ (vs last quarter)

—+42%+76%-9.4%-40%+5.0%+50%+10%-43%+12%+58%-2.7%

Net income · YoY (vs a year ago)

————+35%-0.3%-15%+3.3%-0.7%+6.1%+12%-1.5%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$5.25B	$5.37B	$6.27B	$6.16B	$5.30B	$5.31B	$6.31B	$6.36B	$5.60B	$5.67B	$6.79B	$6.86B
Cost of revenue	$2.70B	$2.84B	$3.21B	$3.14B	$2.72B	$2.75B	$3.20B	$3.23B	$2.88B	$2.89B	$3.45B	$3.58B
Gross profit	$2.55B	$2.53B	$3.06B	$3.03B	$2.57B	$2.56B	$3.12B	$3.13B	$2.71B	$2.78B	$3.34B	$3.28B
Gross margin	48.5%	47.2%	48.8%	49.1%	48.6%	48.2%	49.4%	49.2%	48.5%	49.1%	49.2%	47.8%
Selling, general & admin	$1.86B	$1.80B	$1.85B	$1.89B	$1.88B	$1.79B	$2.01B	$1.95B	$1.94B	$1.97B	$2.10B	$2.07B
Operating income	$791.20M	$884.30M	$1.41B	$1.32B	—	—	—	—	—	—	—	—
Operating margin	15.1%	16.5%	22.5%	21.4%	—	—	—	—	—	—	—	—
Interest expense	$94.60M	$103.00M	$110.80M	$103.40M	$98.50M	$103.80M	$112.40M	$117.20M	$131.60M	$131.60M	$135.90M	$139.30M
Pre-tax income	$474.00M	$640.00M	$1.17B	$1.02B	$615.60M	$653.00M	$985.70M	$1.06B	$639.00M	$679.80M	$1.11B	$1.06B
Income tax	$117.80M	$134.80M	$283.50M	$216.60M	$135.50M	$149.10M	$231.00M	$227.40M	$162.20M	$145.10M	$268.90M	$242.50M
Net income	$356.20M	$505.20M	$889.90M	$806.20M	$480.10M	$503.90M	$754.70M	$833.10M	$476.80M	$534.70M	$843.60M	$821.00M
Net margin	6.8%	9.4%	14.2%	13.1%	9.1%	9.5%	12.0%	13.1%	8.5%	9.4%	12.4%	12.0%
EPS (diluted)	—	$1.97	$3.50	$3.18	—	$2.00	$3.00	$3.35	—	$2.15	$3.43	$3.38

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$17.53B$7.42B$1.11B

FY18

$17.90B$8.04B$1.54B

FY19

$18.36B$8.68B$2.03B

FY20

$19.94B$8.54B$1.86B

FY21

$22.15B$9.33B$2.02B

FY22

$23.05B$10.76B$2.39B

FY23

$23.10B$11.20B$2.68B

FY24

$23.57B$11.52B$2.57B

FY25

Revenue · YoY (vs a year ago)

—+2.1%+2.6%+8.6%+11%+4.1%+0.2%+2.1%

Net income · YoY (vs a year ago)

—+39%+32%-8.2%+8.4%+18%+12%-4.2%

RevenueGross profitNet incomeLine = trend

$11.67

FY18

$5.50

FY19

$7.36

FY20

$6.98

FY21

$7.72

FY22

$9.25

FY23

$10.55

FY24

$10.26

FY25

EPS (diluted) · YoY (vs a year ago)

—-53%+34%-5.2%+11%+20%+14%-2.7%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$17.53B	$17.90B	$18.36B	$19.94B	$22.15B	$23.05B	$23.10B	$23.57B
Revenue growth	—	2.1%	2.6%	8.6%	11.1%	4.1%	0.2%	2.1%
Cost of revenue	$10.12B	$9.86B	$9.68B	$11.40B	$12.82B	$12.29B	$11.90B	$12.06B
Gross profit	$7.42B	$8.04B	$8.68B	$8.54B	$9.33B	$10.76B	$11.20B	$11.52B
Gross margin	42.3%	44.9%	47.3%	42.8%	42.1%	46.7%	48.5%	48.8%
Research & development	$51.92M	—	—	—	—	—	—	—
Selling, general & admin	$5.03B	$5.27B	$5.48B	$5.88B	$6.33B	$7.07B	$7.42B	$7.70B
Operating income	$2.61B	$2.81B	$3.37B	$3.08B	$3.40B	$4.16B	—	—
Operating margin	14.9%	15.7%	18.4%	15.5%	15.3%	18.1%	—	—
Interest expense	$366.70M	$349.30M	$340.40M	$334.70M	$390.80M	$417.50M	$415.70M	$465.00M
Pre-tax income	$1.36B	$1.98B	$2.52B	$2.25B	$2.57B	$3.11B	$3.45B	$3.34B
Income tax	$251.00M	$440.50M	$488.80M	$384.20M	$553.00M	$721.10M	$770.40M	$769.70M
Tax rate	18.5%	22.2%	19.4%	17.1%	21.5%	23.2%	22.3%	23.1%
Net income	$1.11B	$1.54B	$2.03B	$1.86B	$2.02B	$2.39B	$2.68B	$2.57B
Net margin	6.3%	8.6%	11.1%	9.3%	9.1%	10.4%	11.6%	10.9%
EPS (diluted)	$11.67	$5.50	$7.36	$6.98	$7.72	$9.25	$10.55	$10.26

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$3.73B$9.02B$155.50M

FY18

$4.12B$8.48B$161.80M

FY19

$3.61B$8.29B$226.60M

FY20

$2.44B$8.85B$165.70M

FY21

$3.10B$9.59B$198.80M

FY22

$3.72B$9.48B$276.80M

FY23

$4.05B$9.23B$210.40M

FY24

$4.60B$9.67B$207.20M

FY25

Shareholders' equity · YoY (vs a year ago)

—+11%-12%-33%+27%+20%+9.0%+14%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$155.50M	$161.80M	$226.60M	$165.70M	$198.80M	$276.80M	$210.40M	$207.20M
Current assets	$4.34B	$4.63B	$4.59B	$5.05B	$5.91B	$5.51B	$5.40B	$6.01B
Total assets	$19.13B	$20.50B	$20.40B	$20.67B	$22.59B	$22.95B	$23.63B	$25.90B
Current liabilities	$4.30B	$4.52B	$4.59B	$5.72B	$5.96B	$6.63B	$6.81B	$6.92B
Long-term debt	$8.71B	$8.05B	$8.27B	$8.59B	$9.59B	$8.38B	$8.18B	$9.32B
Short-term debt	$307.20M	$429.80M	$25.10M	$260.60M	$600.00K	$1.10B	$1.05B	$350.10M
Total debt	$9.02B	$8.48B	$8.29B	$8.85B	$9.59B	$9.48B	$9.23B	$9.67B
Shareholders' equity	$3.73B	$4.12B	$3.61B	$2.44B	$3.10B	$3.72B	$4.05B	$4.60B
Current ratio	1.01	1.02	1.00	0.88	0.99	0.83	0.79	0.87
Debt / equity	2.42	2.06	2.30	3.63	3.09	2.55	2.28	2.10
Return on equity	29.7%	37.4%	56.2%	76.5%	65.1%	64.3%	66.2%	55.9%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$1.94B$1.69B$322.90M

FY18

$2.32B$1.99B$420.80M

FY19

$3.41B$3.10B$488.00M

FY20

$2.24B$1.87B$587.10M

FY21

$1.92B$1.28B$618.50M

FY22

$3.52B$2.63B$623.70M

FY23

$3.15B$2.08B$723.40M

FY24

$3.45B$2.65B$789.80M

FY25

Operating cash flow · YoY (vs a year ago)

—+19%+47%-34%-14%+83%-10%+9.5%

Free cash flow · YoY (vs a year ago)

—+18%+56%-40%-32%+106%-21%+27%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$1.94B	$2.32B	$3.41B	$2.24B	$1.92B	$3.52B	$3.15B	$3.45B
Capital spending	$-251.00M	$-328.90M	$-303.80M	$-372.00M	$-644.50M	$-888.40M	$-1.07B	$-797.60M
Free cash flow	$1.69B	$1.99B	$3.10B	$1.87B	$1.28B	$2.63B	$2.08B	$2.65B
FCF margin	9.7%	11.1%	16.9%	9.4%	5.8%	11.4%	9.0%	11.3%
Stock-based pay	$82.60M	$101.70M	$95.90M	$97.70M	$99.70M	$115.90M	$138.10M	$123.50M
Cash from investing	$-251.60M	$-462.60M	$-322.40M	$-476.40M	$-1.61B	$-1.04B	$-1.20B	$-2.07B
Cash from financing	$-1.75B	$-1.85B	$-3.02B	$-1.83B	$-282.40M	$-2.42B	$-2.02B	$-1.38B
Dividends paid	$-322.90M	$-420.80M	$-488.00M	$-587.10M	$-618.50M	$-623.70M	$-723.40M	$-789.80M

About

About Sherwin-Williams Company

Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floor coverings, and related products with operations in over 120 countries. It is the largest coatings company in the world by revenue.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Sherwin-Williams Company
Ticker: SHW
Exchange: NYSE
ISIN: US8243481061
SEC CIK: 0000089800
Sector: Materials
Industry: Industrial Specialties
SEC industry (SIC): Retail-building Materials, Hardware, Garden Supply (5200)
Incorporated in: Ohio
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 19 Feb 2026
CEO: Heidi G. Petz
Chair: Heidi G. Petz
Headquarters: Cleveland
Address: 1 Sherwin Way, Cleveland, Oh 44113
Founded: 1866
Employees: 64,249
Trades in: US dollars (USD)
Website: sherwin-williams.com

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Sherwin-Williams Company

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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