The Sherwin-Williams Company (SHW) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

The Sherwin-Williams Company (SHW) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

SHW Income Statement

The Sherwin-Williams Company (SHW) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	6.86B	6.79B	5.67B	5.6B	6.36B	6.31B	5.31B	5.3B	6.16B	6.27B	5.37B	5.25B	6.12B	6.24B	5.44B	5.23B	6.05B	5.87B	5B	4.76B
Revenue Growth %	7.89%	7.52%	6.81%	5.64%	3.18%	0.69%	-1.15%	0.86%	0.75%	0.5%	-1.38%	0.41%	1.15%	6.27%	8.88%	9.84%	17.5%	9.15%	7.36%	6.09%
Cost of Goods Sold	3.58B	3.45B	2.89B	2.86B	3.23B	3.2B	2.75B	2.72B	3.13B	3.21B	2.84B	2.7B	3.2B	3.37B	3.02B	3B	3.46B	3.42B	2.95B	2.88B
COGS % of Revenue	52.23%	50.83%	50.93%	51.16%	50.84%	50.62%	51.77%	51.42%	50.87%	51.15%	52.84%	51.47%	52.32%	53.97%	55.52%	57.29%	57.18%	58.3%	58.93%	60.53%
Gross Profit	3.28B	3.34B	2.78B	2.73B	3.13B	3.12B	2.56B	2.57B	3.03B	3.06B	2.53B	2.55B	2.92B	2.87B	2.42B	2.23B	2.59B	2.45B	2.05B	1.88B
Gross Margin %	47.77%	49.17%	49.07%	48.84%	49.16%	49.38%	48.23%	48.58%	49.13%	48.85%	47.16%	48.53%	47.68%	46.03%	44.48%	42.71%	42.82%	41.7%	41.07%	39.47%
Gross Profit Growth %	4.85%	7.05%	8.65%	6.22%	3.24%	1.79%	1.11%	0.96%	3.82%	6.65%	4.55%	14.1%	12.62%	17.28%	17.93%	18.84%	21.02%	1.56%	-2.8%	-11.7%
Operating Expenses	2.07B	2.11B	1.97B	1.95B	1.95B	2.02B	1.8B	1.9B	1.9B	1.83B	1.81B	1.87B	1.81B	1.76B	1.71B	1.62B	1.62B	1.6B	1.49B	1.51B
OpEx % of Revenue	30.24%	31.04%	34.76%	34.93%	30.71%	31.98%	34.02%	35.86%	30.77%	29.21%	33.63%	35.68%	29.52%	28.26%	31.39%	30.98%	26.73%	27.28%	29.73%	31.64%
Selling, General & Admin	2.07B	2.1B	1.97B	1.94B	1.95B	2.02B	1.8B	1.89B	1.89B	1.85B	1.8B	1.85B	1.77B	1.76B	1.7B	1.56B	1.61B	1.6B	1.49B	1.44B
SG&A % of Revenue	30.16%	30.99%	34.76%	34.61%	30.71%	31.97%	33.96%	35.74%	30.73%	29.43%	33.57%	35.15%	28.88%	28.25%	31.15%	29.81%	26.62%	27.21%	29.72%	30.24%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1000K	1000K	0	1000K	0	400K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	600K	1000K	1000K	1000K	1000K	600K	1000K
Operating Income	1.2B	1.23B	810.9M	778.7M	1.17B	1.1B	754.3M	673.5M	1.13B	1.23B	725.8M	674.6M	1.11B	1.11B	712.8M	613.4M	973.1M	847.3M	566.8M	373M
Operating Margin %	17.54%	18.13%	14.31%	13.92%	18.44%	17.41%	14.22%	12.71%	18.35%	19.64%	13.52%	12.84%	18.16%	17.76%	13.1%	11.73%	16.09%	14.43%	11.34%	7.83%
Operating Income Growth %	2.58%	11.99%	7.5%	15.62%	3.68%	-10.75%	3.93%	-0.16%	1.85%	11.1%	1.82%	9.98%	14.12%	30.83%	25.76%	64.45%	40.22%	-5.15%	-19.53%	-33.51%
EBITDA	1.2B	1.42B	997.7M	965.1M	1.34B	1.26B	915.2M	835.4M	1.29B	1.38B	879M	828.9M	1.27B	1.27B	866.9M	761.9M	1.12B	990.6M	710.3M	512.6M
EBITDA Margin %	17.53%	20.88%	17.61%	17.25%	21.07%	19.98%	17.25%	15.77%	20.88%	22.08%	16.38%	15.78%	20.7%	20.31%	15.93%	14.57%	18.5%	16.87%	14.21%	10.76%
EBITDA Growth %	-10.21%	12.32%	9.01%	15.53%	4.11%	-8.88%	4.12%	0.78%	1.64%	9.28%	1.4%	8.79%	13.14%	27.92%	22.05%	48.63%	34.23%	-4.94%	-16.34%	-27.62%
D&A (Non-Cash Add-back)	0	186.4M	186.8M	186.4M	166.9M	162.7M	160.9M	161.9M	155.6M	153.3M	153.2M	154.3M	155.4M	158.7M	154.1M	148.5M	145.8M	143.3M	143.5M	139.6M
EBIT	1.2B	1.25B	811.4M	770.6M	1.18B	1.1B	756.8M	714.1M	1.13B	1.28B	743M	568.6M	1.11B	1.12B	724.1M	603.2M	978.4M	832.8M	549.5M	393.8M
Net Interest Income	-133.4M	-130.5M	-128.8M	-128.7M	-114.6M	-110M	-104.4M	-101.5M	-104.4M	-114.3M	-100.2M	-85.2M	-104M	-108.4M	-109.7M	-108.3M	-101.7M	-94.6M	-90.4M	-84.5M
Interest Income	5.9M	5.4M	2.8M	2.9M	2.6M	2.4M	3.3M	1.4M	2.6M	900K	6.1M	9.4M	5.1M	7.2M	3.5M	3.2M	2.6M	1.3M	900K	3M
Interest Expense	139.3M	135.9M	131.6M	131.6M	117.2M	112.4M	107.7M	102.9M	107M	115.2M	106.3M	94.6M	109.1M	115.6M	113.2M	111.5M	104.3M	95.9M	91.3M	87.5M
Other Income/Expense	-139.4M	-118.4M	-131.1M	-139.7M	-112.2M	-113.4M	-101.3M	-57.9M	-108.3M	-58.1M	-85.8M	-200.6M	-101.5M	-96.4M	-98M	-118.5M	-95.9M	-107.4M	-105.7M	-64.1M
Pretax Income	1.06B	1.11B	679.8M	639M	1.06B	985.7M	653M	615.6M	1.02B	1.17B	640M	474M	1.01B	1.01B	614.8M	494.9M	877.2M	739.9M	461.1M	308.9M
Pretax Margin %	15.5%	16.39%	12%	11.42%	16.68%	15.61%	12.31%	11.62%	16.6%	18.71%	11.92%	9.02%	16.5%	16.22%	11.3%	9.46%	14.51%	12.6%	9.22%	6.49%
Income Tax	242.5M	268.9M	145.1M	162.2M	227.4M	231M	149.1M	135.5M	216.6M	283.5M	134.8M	117.8M	247.5M	218.4M	137.4M	108.6M	192.1M	162M	90.3M	4.9M
Effective Tax Rate %	22.8%	24.17%	21.34%	25.38%	21.44%	23.44%	22.83%	22.01%	21.18%	24.16%	21.06%	24.85%	24.53%	21.58%	22.35%	21.94%	21.9%	21.89%	19.58%	1.59%
Net Income	821M	843.6M	534.7M	476.8M	833.1M	754.7M	503.9M	480.1M	806.2M	889.9M	505.2M	356.2M	761.5M	793.7M	477.4M	386.3M	685.1M	577.9M	370.8M	304M
Net Margin %	11.97%	12.43%	9.44%	8.52%	13.1%	11.95%	9.5%	9.06%	13.08%	14.19%	9.41%	6.78%	12.45%	12.72%	8.77%	7.39%	11.33%	9.84%	7.42%	6.38%
Net Income Growth %	-1.45%	11.78%	6.11%	-0.69%	3.34%	-15.19%	-0.26%	34.78%	5.87%	12.12%	5.82%	-7.79%	11.15%	37.34%	28.75%	27.07%	36.42%	-10.9%	-9.47%	-25.31%
Net Income (Continuing)	821M	843.6M	534.7M	476.8M	833.1M	754.7M	503.9M	480.1M	806.2M	889.9M	505.2M	356.2M	761.5M	793.7M	477.4M	386.3M	685.1M	577.9M	370.8M	304M
Discontinued Operations	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0
EPS (Diluted)	3.38	3.43	2.15	1.92	3.35	3.00	2.00	1.90	3.18	3.50	1.97	1.39	2.95	3.07	1.84	1.48	2.62	2.21	1.41	1.15
EPS Growth %	0.9%	14.33%	7.5%	1.05%	5.35%	-14.29%	1.52%	36.69%	7.8%	14.01%	7.07%	-6.08%	12.6%	38.91%	30.5%	28.7%	39.36%	-8.68%	-6.62%	-22.82%
EPS (Basic)	3.41	3.45	2.18	1.94	3.38	3.04	2.02	1.92	3.22	3.55	2.00	1.40	2.99	3.10	1.86	1.50	2.66	2.24	1.43	1.17
Diluted Shares Outstanding	242.8M	247.1M	248.1M	248.8M	249M	251.9M	252.5M	254.1M	253.9M	254.2M	255.8M	256.9M	256.9M	258.9M	259.7M	260.4M	261.1M	261.8M	263.1M	264.6M
Basic Shares Outstanding	240.7M	244.8M	245.7M	246.4M	246.2M	248.9M	249.4M	252.68M	250.6M	251M	252.5M	254M	254M	256M	256.7M	257.5M	257.7M	258.1M	258.8M	259.9M
Dividend Payout Ratio	23.67%	23.41%	36.86%	41.07%	23.49%	26.22%	39.77%	37.45%	22.64%	20.07%	36.12%	43.6%	20.43%	19.69%	32.78%	40.28%	22.74%	27.03%	40.7%	47.43%