The Sherwin-Williams Company (SHW) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
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The Sherwin-Williams Company (SHW) Earnings Overview
As of June 21, 2026, The Sherwin-Williams Company (SHW) reported trailing twelve-month net income of $2.60B, reflecting -2.7% year-over-year growth. The company earned $10.48 per diluted share over the past four quarters, with a net profit margin of 10.9%.
Looking at the long-term picture, SHW's 5-year EPS compound annual growth rate (CAGR) stands at +6.9%, showing solid earnings momentum. The company achieved its highest annual net income of $2.68B in fiscal 2024.
The Sherwin-Williams Company maintains positive profitability with a gross margin of 48.9%, operating margin of 16.1%, and net margin of 10.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PPG ($1.58B net income, 9.9% margin), RPM ($667M net income, 9.3% margin), AXTA ($369M net income, 7.4% margin), SHW has outperformed on profitability metrics. Compare SHW vs PPG →
SHW Earnings vs Peers
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SHW Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.57B | -4.2% | $3.80B | $10.27 | 10.9% | 16.1% |
| 2024 | $2.68B | +12.2% | $3.76B | $10.55 | 11.6% | 16.3% |
| 2023 | $2.39B | +18.3% | $3.61B | $9.25 | 10.4% | 15.6% |
| 2022 | $2.02B | +8.4% | $3.00B | $7.72 | 9.1% | 13.5% |
| 2021 | $1.86B | -8.2% | $2.66B | $6.98 | 9.3% | 13.4% |
| 2020 | $2.03B | +31.7% | $2.85B | $7.35 | 11.1% | 15.5% |
| 2019 | $1.54B | +39.0% | $2.43B | $5.50 | 8.6% | 13.5% |
| 2018 | $1.11B | -37.4% | $1.89B | $3.89 | 6.3% | 10.8% |
| 2017 | $1.77B | +56.5% | $1.70B | $6.22 | 11.8% | 11.3% |
| 2016 | $1.13B | +7.5% | $1.71B | $4.00 | 9.6% | 14.4% |
| 2015 | $1.05B | +21.7% | $1.61B | $3.72 | 9.3% | 14.2% |
| 2014 | $866M | +15.1% | $1.31B | $2.93 | 7.8% | 11.7% |
| 2013 | $753M | +10.6% | $1.15B | $2.42 | 7.4% | 11.3% |
| 2012 | $680M | +53.9% | $940M | $2.16 | 7.1% | 9.9% |
| 2011 | $442M | -4.5% | $775M | $1.38 | 5.0% | 8.8% |
| 2010 | $462M | +6.1% | $746M | $1.40 | 5.9% | 9.6% |
| 2009 | $436M | -8.6% | $695M | $1.26 | 6.1% | 9.8% |
| 2008 | $477M | -22.5% | $836M | $1.33 | 6.0% | 10.5% |
| 2007 | $616M | +6.9% | $984M | $1.57 | 7.7% | 12.3% |
| 2006 | $576M | +24.3% | $902M | $1.40 | 7.4% | 11.5% |
| 2005 | $463M | +17.8% | $754M | $1.09 | 6.4% | 10.5% |
| 2004 | $393M | +18.4% | $632M | $0.91 | 6.4% | 10.4% |
| 2003 | $332M | +160.3% | $574M | $0.75 | 6.1% | 10.6% |
| 2002 | $128M | -51.5% | $554M | $0.28 | 2.5% | 10.7% |
| 2001 | $263M | +1542.1% | $490M | $0.56 | 5.2% | 9.7% |
| 2000 | $16M | -94.7% | $567M | $0.03 | 0.3% | 10.9% |
| 1999 | $304M | +11.4% | $575M | $0.60 | 6.1% | 11.5% |
| 1998 | $273M | +4.7% | $532M | $0.52 | 5.5% | 10.8% |
| 1997 | $261M | +13.7% | $523M | $0.50 | 5.3% | 10.7% |
| 1996 | $229M | +14.2% | $419M | $0.44 | 5.5% | 10.1% |
| 1995 | $201M | +7.6% | $321M | $0.39 | 6.1% | 9.8% |
| 1994 | $187M | +13.0% | $309M | $0.36 | 6.0% | 10.0% |
| 1993 | $165M | +163.1% | $271M | $0.31 | 5.6% | 9.2% |
| 1992 | $63M | -51.0% | $244M | $0.12 | 2.3% | 8.9% |
| 1991 | $128M | +4.5% | $215M | $0.24 | 5.0% | 8.5% |
| 1990 | $123M | +12.7% | $183M | $0.24 | 5.4% | 8.1% |
| 1989 | $109M | - | $163M | $0.21 | 5.1% | 7.7% |
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SHW — Frequently Asked Questions
Quick answers to the most common questions about buying SHW stock.
What is SHW earnings per share (EPS)?
SHW trailing twelve-month (TTM) diluted EPS is $10.48, reflecting -2.7% year-over-year growth. The 5-year EPS CAGR is +6.9%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is The Sherwin-Williams Company's net income?
The Sherwin-Williams Company (SHW) trailing twelve-month net income is $2.6B as of 2025. Earnings declined -2.7% year-over-year. The Sherwin-Williams Company has been profitable for 37 consecutive years.
Is SHW profitable?
Yes, SHW is profitable with a TTM net income of $2.6B and a net profit margin of +10.9%. The Sherwin-Williams Company has generated profits for 37 consecutive years.
What is SHW's earnings growth rate?
SHW compound annual EPS growth rates (CAGR): 1-Year: -2.7%, 3-Year: +10.0%, 5-Year: +6.9%, 10-Year: +10.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are SHW's profit margins?
The Sherwin-Williams Company net profit margin is +10.9%, operating margin is +16.1%, and gross margin is +48.9%. Margins are within a typical range for the sector. Return on Equity is +59.4%.
Is SHW growing earnings?
SHW earnings growth is slowing. Current YoY EPS growth of -2.7% trails the 5-year CAGR of +6.9%. TTM net income is $2.6B.
What was SHW's best earnings year?
The Sherwin-Williams Company's highest annual net income on record is $2.7B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were SHW's earnings last quarter?
SHW's most recent reported quarter was Q1 2026. Net income was $535M with diluted EPS of $2.15. For a full breakdown of all quarters, see the quarterly earnings table on this page.