The Sherwin-Williams Company (SHW) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 5.67B | 5.6B | 6.36B | 6.31B | 5.31B | 5.3B | 6.16B | 6.27B | 5.37B | 5.25B | 6.12B | 6.24B |
| Revenue Growth % | 6.81% | 5.64% | 3.18% | 0.69% | -1.15% | 0.86% | 0.75% | 0.5% | -1.38% | 0.41% | 1.15% | 6.27% |
| Cost of Goods Sold | 2.89B | 2.86B | 3.23B | 3.2B | 2.75B | 2.72B | 3.13B | 3.21B | 2.84B | 2.7B | 3.2B | 3.37B |
| COGS % of Revenue | 50.93% | 51.16% | 50.84% | 50.62% | 51.77% | 51.42% | 50.87% | 51.15% | 52.84% | 51.47% | 52.32% | 53.97% |
| Gross Profit | 2.78B | 2.73B | 3.13B | 3.12B | 2.56B | 2.57B | 3.03B | 3.06B | 2.53B | 2.55B | 2.92B | 2.87B |
| Gross Margin % | 49.07% | 48.84% | 49.16% | 49.38% | 48.23% | 48.58% | 49.13% | 48.85% | 47.16% | 48.53% | 47.68% | 46.03% |
| Gross Profit Growth % | 8.65% | 6.22% | 3.24% | 1.79% | 1.11% | 0.96% | 3.82% | 6.65% | 4.55% | 14.1% | 12.62% | 17.28% |
| Operating Expenses | 1.97B | 1.95B | 1.95B | 2.02B | 1.8B | 1.9B | 1.9B | 1.83B | 1.81B | 1.87B | 1.81B | 1.76B |
| OpEx % of Revenue | 34.76% | 34.93% | 30.71% | 31.98% | 34.02% | 35.86% | 30.77% | 29.21% | 33.63% | 35.68% | 29.52% | 28.26% |
| Selling, General & Admin | 1.97B | 1.94B | 1.95B | 2.02B | 1.8B | 1.89B | 1.89B | 1.85B | 1.8B | 1.85B | 1.77B | 1.76B |
| SG&A % of Revenue | 34.76% | 34.61% | 30.71% | 31.97% | 33.96% | 35.74% | 30.73% | 29.43% | 33.57% | 35.15% | 28.88% | 28.25% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 0 | 400K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 600K |
| Operating Income | 810.9M | 778.7M | 1.17B | 1.1B | 754.3M | 673.5M | 1.13B | 1.23B | 725.8M | 674.6M | 1.11B | 1.11B |
| Operating Margin % | 14.31% | 13.92% | 18.44% | 17.41% | 14.22% | 12.71% | 18.35% | 19.64% | 13.52% | 12.84% | 18.16% | 17.76% |
| Operating Income Growth % | 7.5% | 15.62% | 3.68% | -10.75% | 3.93% | -0.16% | 1.85% | 11.1% | 1.82% | 9.98% | 14.12% | 30.83% |
| EBITDA | 997.7M | 877M | 1.34B | 1.26B | 915.2M | 835.4M | 1.29B | 1.38B | 879M | 828.9M | 1.27B | 1.27B |
| EBITDA Margin % | 17.61% | 15.67% | 21.07% | 19.98% | 17.25% | 15.77% | 20.88% | 22.08% | 16.38% | 15.78% | 20.7% | 20.31% |
| EBITDA Growth % | 9.01% | 4.98% | 4.11% | -8.88% | 4.12% | 0.78% | 1.64% | 9.28% | 1.4% | 8.79% | 13.14% | 27.92% |
| D&A (Non-Cash Add-back) | 186.8M | 98.3M | 166.9M | 162.7M | 160.9M | 161.9M | 155.6M | 153.3M | 153.2M | 154.3M | 155.4M | 158.7M |
| EBIT | 810.9M | 770.6M | 1.18B | 1.1B | 756.8M | 714.1M | 1.13B | 1.28B | 743M | 568.6M | 1.11B | 1.12B |
| Net Interest Income | -128.8M | -128.7M | -114.6M | -110M | -104.4M | -101.5M | -104.4M | -114.3M | -100.2M | -85.2M | -104M | -108.4M |
| Interest Income | 2.8M | 2.9M | 2.6M | 2.4M | 3.3M | 1.4M | 2.6M | 900K | 6.1M | 9.4M | 5.1M | 7.2M |
| Interest Expense | 131.6M | 131.6M | 117.2M | 112.4M | 107.7M | 102.9M | 107M | 115.2M | 106.3M | 94.6M | 109.1M | 115.6M |
| Other Income/Expense | -131.1M | -139.7M | -112.2M | -113.4M | -101.3M | -57.9M | -108.3M | -58.1M | -85.8M | -200.6M | -101.5M | -96.4M |
| Pretax Income | 679.8M | 639M | 1.06B | 985.7M | 653M | 615.6M | 1.02B | 1.17B | 640M | 474M | 1.01B | 1.01B |
| Pretax Margin % | 12% | 11.42% | 16.68% | 15.61% | 12.31% | 11.62% | 16.6% | 18.71% | 11.92% | 9.02% | 16.5% | 16.22% |
| Income Tax | 145.1M | 162.2M | 227.4M | 231M | 149.1M | 135.5M | 216.6M | 283.5M | 134.8M | 117.8M | 247.5M | 218.4M |
| Effective Tax Rate % | 21.34% | 25.38% | 21.44% | 23.44% | 22.83% | 22.01% | 21.18% | 24.16% | 21.06% | 24.85% | 24.53% | 21.58% |
| Net Income | 534.7M | 476.8M | 833.1M | 754.7M | 503.9M | 480.1M | 806.2M | 889.9M | 505.2M | 356.2M | 761.5M | 793.7M |
| Net Margin % | 9.44% | 8.52% | 13.1% | 11.95% | 9.5% | 9.06% | 13.08% | 14.19% | 9.41% | 6.78% | 12.45% | 12.72% |
| Net Income Growth % | 6.11% | -0.69% | 3.34% | -15.19% | -0.26% | 34.78% | 5.87% | 12.12% | 5.82% | -7.79% | 11.15% | 37.34% |
| Net Income (Continuing) | 534.7M | 476.8M | 833.1M | 754.7M | 503.9M | 480.1M | 806.2M | 889.9M | 505.2M | 356.2M | 761.5M | 793.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.15 | 1.92 | 3.35 | 3.00 | 2.00 | 1.90 | 3.18 | 3.50 | 1.97 | 1.39 | 2.95 | 3.07 |
| EPS Growth % | 7.5% | 1.05% | 5.35% | -14.29% | 1.52% | 36.69% | 7.8% | 14.01% | 7.07% | -6.08% | 12.6% | 38.91% |
| EPS (Basic) | 2.18 | 1.94 | 3.38 | 3.04 | 2.02 | 1.92 | 3.22 | 3.55 | 2.00 | 1.40 | 2.99 | 3.10 |
| Diluted Shares Outstanding | 248.1M | 248.8M | 249M | 251.9M | 252.5M | 254.1M | 253.9M | 254.2M | 255.8M | 256.9M | 256.9M | 258.9M |
| Basic Shares Outstanding | 245.7M | 246.4M | 246.2M | 248.9M | 249.4M | 252.68M | 250.6M | 251M | 252.5M | 254M | 254M | 256M |
| Dividend Payout Ratio | 36.86% | 41.07% | 23.49% | 26.22% | 39.77% | 37.45% | 22.64% | 20.07% | 36.12% | 43.6% | 20.43% | 19.69% |