The Sherwin-Williams Company (SHW) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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SHW EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SHW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 48.9% | 16.1% | 10.9% |
| 2024 | 48.5% | 16.3% | 11.6% |
| 2023 | 46.7% | 15.6% | 10.4% |
| 2022 | 42.1% | 13.5% | 9.1% |
| 2021 | 42.8% | 13.4% | 9.3% |
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The Sherwin-Williams Company (SHW) Earnings Overview
As of May 6, 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
Earnings metrics vs comparable public companies
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% |
Full SHW Stock Analysis
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Start ComparisonSHW — Frequently Asked Questions
Quick answers to the most common questions about buying SHW stock.
Is SHW growing earnings?
SHW EPS of $10.48 reflects slowing growth at -2.7%, below the 5-year CAGR of +6.9%. TTM net income is $2.6B. Expansion rate has moderated.
What are SHW's profit margins?
The Sherwin-Williams Company net margin is +10.9%, with operating margin at +16.1%. Margins sit within typical range for the sector.
How consistent are SHW's earnings?
SHW earnings data spans 1989-2025. The current earnings trend is -2.7% YoY. Historical data enables comparison across business cycles.