8-K Announcements
6Material company update
Apr 28, 2026·SEC
Material company update
Apr 24, 2026·SEC
Material company update
Feb 9, 2026·SEC
The Sherwin-Williams Company(SHW)Earnings, Financials & Key Ratios
SHW•NYSE
$323.63
$79.82B mkt cap·31.5× P/E·Price updated May 6, 2026
SectorBasic MaterialsIndustrySpecialty ChemicalsSub-IndustryCoatings, adhesives and construction chemicals
AboutThe Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications, automotive refinish products, protective and marine coatings, coil coatings, packaging coatings, and performance-based resins and colorants. It serves retailers, dealers, jobbers, licensees, and other third-party distributors through its branches and direct sales staff, as well as through outside sales representatives. The company has operations primarily in the North and South America, the Caribbean, Europe, Asia, and Australia. As of February 17, 2022, it operated approximately 5,000 company-operated stores and facilities. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.Show more
- Revenue$23.57B+2.1%
- EBITDA$4.39B+0.2%
- Net Income$2.57B-4.2%
- EPS (Diluted)10.27-2.7%
- Gross Margin48.94%+1.0%
- EBITDA Margin18.64%-1.8%
- Operating Margin16.14%-0.9%
- Net Margin10.9%-6.1%
- ROE59.39%-14.0%
- ROIC16.46%-9.6%
- Debt/Equity3.16+7.5%
- Interest Coverage8.12-9.4%
SHW Key Insights
The Sherwin-Williams Company (SHW) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Dividend Aristocrat: 37 years of consecutive increases
- ✓Excellent 3Y average ROE of 66.2%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 2.1% through buybacks
- ✓Healthy 5Y average net margin of 10.3%
✗Weaknesses
- ✗High debt to equity ratio of 3.2x
- ✗Expensive at 17.5x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SHW Price & Volume
The Sherwin-Williams Company (SHW) stock price & volume — 10-year historical chart
Loading chart...
SHW Growth Metrics
The Sherwin-Williams Company (SHW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.59%
5 Years5.12%
3 Years2.1%
TTM3.9%
Profit CAGR
10 Years9.32%
5 Years4.81%
3 Years8.34%
TTM-3.01%
EPS CAGR
10 Years10.69%
5 Years6.92%
3 Years9.98%
TTM-1.51%
Return on Capital
10 Years21.06%
5 Years20.43%
3 Years21.94%
Last Year21.25%
SHW Recent Earnings
The Sherwin-Williams Company (SHW) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 28, 2026EPS
$2.35
Est $2.27
+3.5%
Revenue
$5.7B
Est $5.6B
+1.9%
Q1 2026
Jan 29, 2026EPS
$2.23
Est $2.16
+3.2%
Revenue
$5.6B
Est $5.6B
+0.5%
Q4 2025
Oct 28, 2025EPS
$3.59
Est $3.45
+4.1%
Revenue
$6.4B
Est $6.2B
+2.5%
Q3 2025
Jul 22, 2025EPS
$3.38
Est $3.76
-10.1%
Revenue
$6.3B
Est $6.3B
+0.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $2.35vs $2.27+3.5% | $5.7Bvs $5.6B+1.9% |
| Q1 2026 | Jan 29, 2026 | $2.23vs $2.16+3.2% | $5.6Bvs $5.6B+0.5% |
| Q4 2025 | Oct 28, 2025 | $3.59vs $3.45+4.1% | $6.4Bvs $6.2B+2.5% |
| Q3 2025 | Jul 22, 2025 | $3.38vs $3.76-10.1% | $6.3Bvs $6.3B+0.3% |
Based on last 12 quarters of dataView full earnings history →
SHW Peer Comparison
The Sherwin-Williams Company (SHW) competitors in Coatings, adhesives and construction chemicals — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PPG | 24.96B | 111.53 | 16.12 | 0.19% | 9.83% | 31.06% | ||
 RPM | 13.12B | 102.43 | 19.15 | 0.51% | 8.79% | 21.29% | 1.03 | |
 AXTA | 6.09B | 28.55 | 16.41 | -3.01% | 7.22% | 15.54% | 1.42 | |
 HUN | 2.63B | 15.10 | -9.50 | -5.85% | -5.69% | -8.14% | 0.92 | |
 EMN | 8.66B | 75.74 | 18.47 | -6.71% | 4.62% | 6.69% | 0.84 | |
 FUL | 3.3B | 60.95 | 22.16 | -2.67% | 4.38% | 7.59% | 1.01 | |
 TROX | 1.62B | 10.13 | -3.41 | -5.73% | -16.22% | -29.25% | 2.48 | |
 IOSP | 1.92B | 77.67 | 16.63 | -3.65% | 6.56% | 8.23% | 0.06 |
Compare SHW vs Peers
The Sherwin-Williams Company (SHW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SHW Income Statement
The Sherwin-Williams Company (SHW) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 14.98B | 17.53B | 17.9B | 18.36B | 19.94B | 22.15B | 23.05B | 23.1B | 23.57B | 23.94B |
| Revenue Growth % | 26.39% | 17.02% | 2.09% | 2.57% | 8.62% | 11.05% | 4.08% | 0.2% | 2.06% | 3.9% |
| Cost of Goods Sold | 8.27B | 10.12B | 9.86B | 9.68B | 11.4B | 12.82B | 12.29B | 11.9B | 12.04B | 12.18B |
| COGS % of Revenue | 55.16% | 57.69% | 55.11% | 52.71% | 57.17% | 57.9% | 53.33% | 51.53% | 51.06% | - |
| Gross Profit | 6.72B▲ 0% | 7.42B▲ 10.4% | 8.04B▲ 8.3% | 8.68B▲ 8.0% | 8.54B▼ 1.6% | 9.33B▲ 9.2% | 10.76B▲ 15.4% | 11.2B▲ 4.1% | 11.54B▲ 3.0% | 11.76B▲ 0% |
| Gross Margin % | 44.84% | 42.31% | 44.89% | 47.29% | 42.83% | 42.1% | 46.67% | 48.47% | 48.94% | 49.12% |
| Gross Profit Growth % | 13.47% | 10.42% | 8.32% | 8.04% | -1.61% | 9.16% | 15.37% | 4.06% | 3.05% | - |
| Operating Expenses | 5.02B | 5.53B | 5.61B | 5.83B | 5.88B | 6.32B | 7.15B | 7.43B | 7.73B | 7.9B |
| OpEx % of Revenue | 33.5% | 31.53% | 31.34% | 31.74% | 29.47% | 28.55% | 31.02% | 32.18% | 32.8% | - |
| Selling, General & Admin | 4.8B | 5.03B | 5.27B | 5.48B | 5.88B | 6.33B | 7.07B | 7.43B | 7.71B | 7.88B |
| SG&A % of Revenue | 32.02% | 28.71% | 29.47% | 29.83% | 29.49% | 28.59% | 30.67% | 32.19% | 32.71% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 222.2M | 494.4M | 335.8M | 350.5M | -4M | -7.1M | 80.7M | -1.3M | 21.3M | 1.4M |
| Operating Income | 1.7B▲ 0% | 1.89B▲ 11.3% | 2.43B▲ 28.3% | 2.85B▲ 17.7% | 2.66B▼ 6.6% | 3B▲ 12.6% | 3.61B▲ 20.2% | 3.76B▲ 4.3% | 3.8B▲ 1.1% | 3.86B▲ 0% |
| Operating Margin % | 11.34% | 10.78% | 13.55% | 15.54% | 13.36% | 13.55% | 15.64% | 16.29% | 16.14% | 16.13% |
| Operating Income Growth % | -0.8% | 11.27% | 28.3% | 17.68% | -6.64% | 12.61% | 20.19% | 4.31% | 1.14% | - |
| EBITDA | 2.19B | 2.49B | 3B | 3.44B | 3.24B | 3.58B | 4.23B | 4.39B | 4.39B | 4.48B |
| EBITDA Margin % | 14.62% | 14.18% | 16.76% | 18.71% | 16.23% | 16.17% | 18.35% | 18.99% | 18.64% | 18.7% |
| EBITDA Growth % | 14.69% | 13.51% | 20.65% | 14.51% | -5.77% | 10.64% | 18.07% | 3.71% | 0.18% | 1.22% |
| D&A (Non-Cash Add-back) | 491.8M | 596.3M | 574.9M | 581.4M | 572.6M | 581.1M | 622.5M | 624M | 588.8M | 614.7M |
| EBIT | 1.73B | 1.73B | 2.33B | 2.86B | 2.58B | 2.96B | 3.53B | 3.87B | 3.81B | 3.86B |
| Net Interest Income | -264.7M | -371.2M | -334.1M | -347.2M | -340.1M | -395M | -407.3M | -420.4M | -457.7M | -482.1M |
| Interest Income | 16.22M | 9.56M | 25.9M | 3.6M | 4.9M | 8M | 25.2M | 11M | 11.2M | 10.7M |
| Interest Expense | 273.31M | 376.39M | 360M | 350.8M | 345M | 403M | 432.5M | 431.4M | 468.9M | 492.8M |
| Other Income/Expense | -229.7M | -530.7M | -443.6M | -335M | -416.1M | -427.5M | -496.5M | -310.1M | -466.6M | -496.4M |
| Pretax Income | 1.53B▲ 0% | 1.36B▼ 11.0% | 1.98B▲ 45.8% | 2.52B▲ 27.1% | 2.25B▼ 10.7% | 2.57B▲ 14.4% | 3.11B▲ 20.9% | 3.45B▲ 11.0% | 3.34B▼ 3.3% | 3.37B▲ 0% |
| Pretax Margin % | 10.2% | 7.75% | 11.07% | 13.72% | 11.27% | 11.62% | 13.49% | 14.94% | 14.16% | 14.06% |
| Income Tax | -285.58M | 250.9M | 440.5M | 488.8M | 384.2M | 553M | 721.1M | 770.4M | 769.7M | 765.7M |
| Effective Tax Rate % | -18.69% | 18.45% | 22.23% | 19.4% | 17.09% | 21.49% | 23.19% | 22.32% | 23.06% | 22.75% |
| Net Income | 1.77B▲ 0% | 1.11B▼ 37.4% | 1.54B▲ 39.0% | 2.03B▲ 31.7% | 1.86B▼ 8.2% | 2.02B▲ 8.4% | 2.39B▲ 18.3% | 2.68B▲ 12.2% | 2.57B▼ 4.2% | 2.6B▲ 0% |
| Net Margin % | 11.83% | 6.32% | 8.61% | 11.06% | 9.35% | 9.12% | 10.36% | 11.61% | 10.9% | 10.86% |
| Net Income Growth % | 56.46% | -37.44% | 39.01% | 31.73% | -8.18% | 8.35% | 18.25% | 12.25% | -4.21% | -3.01% |
| Net Income (Continuing) | 1.77B | 1.11B | 1.54B | 2.03B | 1.86B | 2.02B | 2.39B | 2.68B | 2.57B | 2.6B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.22▲ 0% | 3.89▼ 37.5% | 5.50▲ 41.4% | 7.35▲ 33.6% | 6.98▼ 5.0% | 7.72▲ 10.6% | 9.25▲ 19.8% | 10.55▲ 14.1% | 10.27▼ 2.7% | 10.48▲ 0% |
| EPS Growth % | 55.5% | -37.46% | 41.39% | 33.64% | -5.03% | 10.6% | 19.82% | 14.05% | -2.65% | -1.51% |
| EPS (Basic) | 6.36 | 3.97 | 5.60 | 7.49 | 7.10 | 7.83 | 9.35 | 10.68 | 10.38 | - |
| Diluted Shares Outstanding | 284.78M | 284.96M | 280.34M | 273.8M | 267.1M | 261.8M | 258.3M | 254.1M | 248.8M | 248.1M |
| Basic Shares Outstanding | 278.73M | 278.98M | 275.41M | 268.86M | 262.5M | 258M | 255.4M | 254.1M | 246.4M | 245.7M |
| Dividend Payout Ratio | 18% | 29.12% | 27.3% | 24.03% | 31.49% | 30.62% | 26.11% | 26.98% | 30.75% | - |
SHW Balance Sheet
The Sherwin-Williams Company (SHW) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 4.41B | 4.34B | 4.63B | 4.59B | 5.05B | 5.91B | 5.51B | 5.4B | 6.01B | 6.5B |
| Cash & Short-Term Investments | 204.2M | 155.5M | 161.8M | 226.6M | 165.7M | 198.8M | 276.8M | 210.4M | 207.2M | 216.9M |
| Cash Only | 204.2M | 155.5M | 161.8M | 226.6M | 165.7M | 198.8M | 276.8M | 210.4M | 207.2M | 216.9M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.1B | 2.02B | 2.09B | 2.08B | 2.35B | 2.56B | 2.47B | 2.39B | 2.79B | 3.19B |
| Days Sales Outstanding | 51.27 | 42.02 | 42.59 | 41.31 | 43.05 | 42.25 | 39.08 | 37.75 | 43.22 | 46.58 |
| Inventory | 1.74B | 1.82B | 1.89B | 1.8B | 1.93B | 2.63B | 2.33B | 2.29B | 2.32B | 2.47B |
| Days Inventory Outstanding | 76.95 | 65.5 | 69.92 | 68.03 | 61.69 | 74.76 | 69.17 | 70.16 | 70.29 | 71.58 |
| Other Current Assets | 355.7M | 354.9M | 491.4M | 482.6M | 608.4M | 518.8M | 438.4M | 513.5M | 690.8M | 617.5M |
| Total Non-Current Assets | 15.49B | 14.79B | 15.86B | 15.81B | 15.61B | 16.69B | 17.44B | 18.23B | 18.14B | 19.88B |
| Property, Plant & Equipment | 1.88B | 1.78B | 3.52B | 3.6B | 3.69B | 4.07B | 4.72B | 5.49B | 4.14B | 6.21B |
| Fixed Asset Turnover | 7.98x | 9.87x | 5.08x | 5.11x | 5.41x | 5.44x | 4.88x | 4.21x | 5.70x | 4.05x |
| Goodwill | 6.81B | 6.96B | 7B | 7.05B | 7.13B | 7.58B | 7.63B | 7.58B | 8.04B | 8B |
| Intangible Assets | 6B | 5.2B | 4.73B | 4.47B | 4B | 4B | 3.88B | 3.53B | 3.97B | 3.89B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.01B | 0 | 2.19B |
| Other Non-Current Assets | 798.7M | 854.7M | 604.4M | 694.3M | 789M | 1.03B | 1.21B | 617M | 2B | 4.66B |
| Total Assets | 19.9B▲ 0% | 19.13B▼ 3.8% | 20.5B▲ 7.1% | 20.4B▼ 0.5% | 20.67B▲ 1.3% | 22.59B▲ 9.3% | 22.95B▲ 1.6% | 23.63B▲ 3.0% | 25.9B▲ 9.6% | 26.38B▲ 0% |
| Asset Turnover | 0.75x | 0.92x | 0.87x | 0.90x | 0.97x | 0.98x | 1.00x | 0.98x | 0.91x | 0.92x |
| Asset Growth % | 194.7% | -3.85% | 7.12% | -0.46% | 1.3% | 9.33% | 1.6% | 2.95% | 9.6% | 32.88% |
| Total Current Liabilities | 3.99B | 4.3B | 4.52B | 4.59B | 5.72B | 5.96B | 6.63B | 6.81B | 6.92B | 7.53B |
| Accounts Payable | 1.79B | 1.8B | 1.88B | 2.12B | 2.4B | 2.44B | 2.31B | 2.25B | 2.35B | 2.6B |
| Days Payables Outstanding | 79.12 | 64.93 | 69.42 | 79.86 | 76.93 | 69.35 | 68.73 | 69.09 | 71.38 | 74.7 |
| Short-Term Debt | 634.9M | 635.6M | 634.5M | 25.2M | 1.02B | 978.7M | 1.47B | 1.71B | 2.03B | 2.38B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7B | 271.7M |
| Current Ratio | 1.11x | 1.01x | 1.02x | 1.00x | 0.88x | 0.99x | 0.83x | 0.79x | 0.87x | 0.87x |
| Quick Ratio | 0.67x | 0.59x | 0.61x | 0.61x | 0.55x | 0.55x | 0.48x | 0.46x | 0.53x | 0.53x |
| Cash Conversion Cycle | 49.1 | 42.6 | 43.09 | 29.48 | 27.82 | 47.65 | 39.52 | 38.82 | 42.12 | 43.45 |
| Total Non-Current Liabilities | 12.26B | 11.11B | 11.85B | 12.2B | 12.51B | 13.53B | 12.61B | 12.77B | 14.38B | 14.41B |
| Long-Term Debt | 9.89B | 8.71B | 8.05B | 8.27B | 8.59B | 9.59B | 8.38B | 8.18B | 10.91B | 9.32B |
| Capital Lease Obligations | 0 | 0 | 1.37B | 1.43B | 1.47B | 1.51B | 1.51B | 1.56B | 1.59B | 6.38B |
| Deferred Tax Liabilities | 1.42B | 1.13B | 969.9M | 846.1M | 768.2M | 681.6M | 683.1M | 607.5M | 765.3M | 2.75B |
| Other Non-Current Liabilities | 959.1M | 1.27B | 1.46B | 1.65B | 1.68B | 1.75B | 2.04B | 2.43B | 1.11B | 9.36B |
| Total Liabilities | 16.25B | 15.4B | 16.37B | 16.79B | 18.23B | 19.49B | 19.24B | 19.58B | 21.3B | 21.95B |
| Total Debt | 10.52B | 9.34B | 10.43B | 10.11B | 11.5B | 12.51B | 11.81B | 11.91B | 14.53B | 13.79B |
| Net Debt | 10.32B | 9.19B | 10.27B | 9.89B | 11.33B | 12.31B | 11.53B | 11.7B | 14.33B | 13.57B |
| Debt / Equity | 2.88x | 2.50x | 2.53x | 2.80x | 4.72x | 4.03x | 3.18x | 2.94x | 3.16x | 3.16x |
| Debt / EBITDA | 4.80x | 3.76x | 3.48x | 2.94x | 3.55x | 3.49x | 2.79x | 2.72x | 3.31x | 3.08x |
| Net Debt / EBITDA | 4.71x | 3.69x | 3.42x | 2.88x | 3.50x | 3.44x | 2.73x | 2.67x | 3.26x | 3.26x |
| Interest Coverage | 6.34x | 4.59x | 6.48x | 8.16x | 7.49x | 7.35x | 8.16x | 8.96x | 8.12x | 7.83x |
| Total Equity | 3.65B▲ 0% | 3.73B▲ 2.3% | 4.12B▲ 10.5% | 3.61B▼ 12.4% | 2.44B▼ 32.5% | 3.1B▲ 27.3% | 3.72B▲ 19.8% | 4.05B▲ 9.0% | 4.6B▲ 13.5% | 4.43B▲ 0% |
| Equity Growth % | 94.2% | 2.27% | 10.52% | -12.43% | -32.5% | 27.28% | 19.78% | 9.03% | 13.5% | 44.57% |
| Book Value per Share | 12.81 | 13.09 | 14.71 | 13.19 | 9.12 | 11.85 | 14.39 | 15.94 | 18.48 | 17.86 |
| Total Shareholders' Equity | 3.65B | 3.73B | 4.12B | 3.61B | 2.44B | 3.1B | 3.72B | 4.05B | 4.6B | 4.43B |
| Common Stock | 117.6M | 118.4M | 119.4M | 89.9M | 90.8M | 91.2M | 91.8M | 92.5M | 83.1M | 83.2M |
| Retained Earnings | 5.46B | 6.25B | 7.37B | 844.3M | 2.12B | 3.52B | 5.29B | 7.25B | 1.03B | 1.37B |
| Treasury Stock | -4.27B | -4.9B | -5.84B | -96.5M | -2.87B | -3.78B | -5.23B | -6.99B | -84.3M | -707.8M |
| Accumulated OCI | -384.9M | -629.9M | -679.5M | -718.3M | -698.4M | -700.6M | -624.3M | -875.2M | -634.4M | -586.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SHW Cash Flow Statement
The Sherwin-Williams Company (SHW) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.88B | 1.94B | 2.32B | 3.41B | 2.24B | 1.92B | 3.52B | 3.15B | 3.45B | 3.45B |
| Operating CF Margin % | 12.57% | 11.09% | 12.97% | 18.56% | 11.25% | 8.67% | 15.28% | 13.65% | 14.64% | - |
| Operating CF Growth % | 43.97% | 3.17% | 19.43% | 46.84% | -34.15% | -14.47% | 83.44% | -10.47% | 9.46% | 358.73% |
| Net Income | 1.77B | 1.11B | 1.54B | 2.03B | 1.86B | 2.02B | 2.39B | 2.68B | 2.57B | 2.6B |
| Depreciation & Amortization | 491.8M | 596.3M | 574.9M | 581.4M | 572.6M | 581.1M | 622.5M | 624M | 676.9M | 702.8M |
| Stock-Based Compensation | 90.3M | 82.6M | 101.7M | 95.9M | 97.7M | 99.7M | 115.9M | 138.1M | 123.5M | 94.4M |
| Deferred Taxes | -620.7M | -143.4M | -131.1M | -145.3M | -80.3M | -144.8M | -88.9M | -74.9M | 153.2M | 168.7M |
| Other Non-Cash Items | 169.3M | 123.1M | 708.5M | 558.2M | 443.5M | 514.1M | 676.5M | 288.5M | -70.5M | 773.3M |
| Working Capital Changes | -16.2M | 176.4M | -474M | 288M | -653.3M | -1.15B | -192.9M | -503.9M | 0 | -686.7M |
| Change in Receivables | -65.4M | 38.5M | -121M | 50.9M | -326.3M | -152.6M | 111.4M | -9.9M | 0 | 0 |
| Change in Inventory | -90M | -119.5M | -75.5M | 84.4M | -228.1M | -666.7M | 323.4M | -32.9M | 0 | 0 |
| Change in Payables | 166.7M | 113.8M | 36.2M | 227.2M | 346.1M | 46.6M | -241.1M | 21.8M | 0 | 0 |
| Cash from Investing | -9.05B | -251.6M | -462.6M | -322.4M | -476.4M | -1.61B | -1.04B | -1.2B | -2.01B | -1.92B |
| Capital Expenditures | -222.8M | -251M | -328.9M | -303.8M | -372M | -644.5M | -888.4M | -1.07B | -797.6M | -746.6M |
| CapEx % of Revenue | 1.49% | 1.43% | 1.84% | 1.65% | 1.87% | 2.91% | 3.85% | 4.63% | 3.38% | - |
| Acquisitions | -8.81B | 0 | -77.3M | 0 | -88.4M | -1B | -161M | -78.9M | -1.21B | -1.12B |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 47.2M | 38.4M | 6.9M | 60.7M | -16M | 40M | 10.1M | -47.4M | 0 | -55.8M |
| Cash from Financing | 6.51B | -1.75B | -1.85B | -3.02B | -1.83B | -282.4M | -2.42B | -2.02B | -1.38B | -1.7B |
| Debt Issued (Net) | 6.73B | -933.4M | -679.4M | -420.3M | 1.32B | 1.15B | -433.8M | 272.9M | 0 | 958.9M |
| Equity Issued (Net) | 0 | -613.3M | -778.8M | -2.26B | -2.74B | -861.2M | -1.43B | -1.74B | 0 | -1.74B |
| Dividends Paid | -319M | -322.9M | -420.8M | -488M | -587.1M | -618.5M | -623.7M | -723.4M | -789.8M | -786.5M |
| Share Repurchases | 0 | -613.3M | -778.8M | -2.45B | -2.75B | -883.2M | -1.43B | -1.74B | 0 | -1.88B |
| Other Financing | 103.8M | 122.9M | 32.6M | 152.1M | 169.4M | 43.5M | 64.9M | 172.2M | -588.8M | -127.9M |
| Net Change in Cash | -685.6M▲ 0% | -48.7M▲ 92.9% | 6.3M▲ 112.9% | 64.8M▲ 928.6% | -60.9M▼ 194.0% | 33.1M▲ 154.4% | 78M▲ 135.6% | -66.4M▼ 185.1% | -3.2M▲ 95.2% | 17.1M▲ 0% |
| Free Cash Flow | 1.66B▲ 0% | 1.69B▲ 1.9% | 1.99B▲ 17.7% | 3.1B▲ 55.8% | 1.87B▼ 39.7% | 1.28B▼ 31.9% | 2.63B▲ 106.5% | 2.08B▼ 20.9% | 2.65B▲ 27.4% | 2.91B▲ 0% |
| FCF Margin % | 11.09% | 9.65% | 11.13% | 16.91% | 9.39% | 5.76% | 11.42% | 9.02% | 11.26% | 12.14% |
| FCF Growth % | 55.32% | 1.9% | 17.71% | 55.83% | -39.69% | -31.89% | 106.48% | -20.9% | 27.4% | 33.54% |
| FCF per Share | 5.83 | 5.94 | 7.11 | 11.34 | 7.01 | 4.87 | 10.20 | 8.20 | 10.67 | 10.67 |
| FCF Conversion (FCF/Net Income) | 1.06x | 1.75x | 1.51x | 1.68x | 1.20x | 0.95x | 1.47x | 1.18x | 1.34x | 1.12x |
| Interest Paid | 220.6M | 368M | 336.1M | 340.8M | 338.8M | 371.1M | 416.5M | 406.9M | 0 | 492.9M |
| Taxes Paid | 419.7M | 292.2M | 407.5M | 437.2M | 466.3M | 580.1M | 816.7M | 779.8M | 0 | 547M |
SHW Key Ratios
The Sherwin-Williams Company (SHW) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 64.14% | 30.05% | 39.25% | 52.51% | 61.65% | 72.94% | 70.07% | 69.05% | 59.39% | 58.23% |
| Return on Invested Capital (ROIC) | 15.07% | 10.55% | 13.32% | 15.35% | 14.66% | 15.43% | 17.64% | 18.2% | 16.46% | 16.46% |
| Gross Margin | 44.84% | 42.31% | 44.89% | 47.29% | 42.83% | 42.1% | 46.67% | 48.47% | 48.94% | 49.12% |
| Net Margin | 11.83% | 6.32% | 8.61% | 11.06% | 9.35% | 9.12% | 10.36% | 11.61% | 10.9% | 10.86% |
| Debt / Equity | 2.88x | 2.50x | 2.53x | 2.80x | 4.72x | 4.03x | 3.18x | 2.94x | 3.16x | 3.16x |
| Interest Coverage | 6.34x | 4.59x | 6.48x | 8.16x | 7.49x | 7.35x | 8.16x | 8.96x | 8.12x | 7.83x |
| FCF Conversion | 1.06x | 1.75x | 1.51x | 1.68x | 1.20x | 0.95x | 1.47x | 1.18x | 1.34x | 1.12x |
| Revenue Growth | 26.39% | 17.02% | 2.09% | 2.57% | 8.62% | 11.05% | 4.08% | 0.2% | 2.06% | 3.9% |
SHW SEC Filings & Documents
The Sherwin-Williams Company (SHW) SEC filings — annual & quarterly reports (10-K, 10-Q)
SHW Frequently Asked Questions
The Sherwin-Williams Company (SHW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
The Sherwin-Williams Company (SHW) reported $23.94B in revenue for fiscal year 2025. This represents a 479% increase from $4.13B in 1996.
The Sherwin-Williams Company (SHW) grew revenue by 2.1% over the past year. Growth has been modest.
Yes, The Sherwin-Williams Company (SHW) is profitable, generating $2.60B in net income for fiscal year 2025 (10.9% net margin).
Dividend & Returns
Yes, The Sherwin-Williams Company (SHW) pays a dividend with a yield of 0.98%. This makes it attractive for income-focused investors.
The Sherwin-Williams Company (SHW) has a return on equity (ROE) of 59.4%. This is excellent, indicating efficient use of shareholder capital.
The Sherwin-Williams Company (SHW) generated $2.91B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More SHW
The Sherwin-Williams Company (SHW) financial analysis — history, returns, DCA and operating performance tools
Full SHW Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates