The Sherwin-Williams Company (SHW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SHW Revenue Growth
Revenue Breakdown (FY 2025)
SHW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SHW Revenue Analysis (2014–2025)
As of May 6, 2026, The Sherwin-Williams Company (SHW) generated trailing twelve-month (TTM) revenue of $23.94 billion, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q1 2026) recorded $5.67 billion in revenue, up 1.3% sequentially.
Looking at the longer-term picture, SHW's 5-year compound annual growth rate (CAGR) stands at +5.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $23.57 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows SHW's business is primarily driven by Paint Stores Group (58%), Consumer Group (36%), and Global Finishes Group (29%). With over half of revenue concentrated in Paint Stores Group, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including PPG (+10.0% YoY), RPM (+3.2% YoY), and AXTA (-2.6% YoY), SHW has underperformed the peer group in terms of revenue growth. Compare SHW vs PPG →
SHW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SHWCurrent | $23.9B | +6.8% | +5.1% | 16.1% | |
 PPG | $15.9B | +10.0% | +2.8% | 13.7% | |
 RPM | $7.4B | +3.2% | +6.0% | 12.3% | |
 AXTA | $5.1B | -2.6% | +6.5% | 14.9% | |
 HUN | $5.7B | -4.7% | -1.1% | -0.7% | |
 EMN | $8.8B | -7.7% | +0.7% | 10.6% |
SHW Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $23.57B | +2.1% | $11.54B | 48.9% | $3.80B | 16.1% |
| 2024 | $23.10B | +0.2% | $11.20B | 48.5% | $3.76B | 16.3% |
| 2023 | $23.05B | +4.1% | $10.76B | 46.7% | $3.61B | 15.6% |
| 2022 | $22.15B | +11.1% | $9.33B | 42.1% | $3.00B | 13.5% |
| 2021 | $19.94B | +8.6% | $8.54B | 42.8% | $2.66B | 13.4% |
| 2020 | $18.36B | +2.6% | $8.68B | 47.3% | $2.85B | 15.5% |
| 2019 | $17.90B | +2.1% | $8.04B | 44.9% | $2.43B | 13.5% |
| 2018 | $17.53B | +17.0% | $7.42B | 42.3% | $1.89B | 10.8% |
| 2017 | $14.98B | +26.4% | $6.72B | 44.8% | $1.70B | 11.3% |
| 2016 | $11.86B | +4.6% | $5.92B | 49.9% | $1.71B | 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's revenue growth accelerating or slowing?
SHW maintains +6.8% revenue growth, in line with its 5-year CAGR of +5.1%. TTM revenue stands at $23.9B. Growth rate remains consistent with historical average.
What is SHW's long-term revenue growth rate?
The Sherwin-Williams Company's 5-year revenue CAGR of +5.1% reflects the sustained expansion pattern. Current YoY growth of +6.8% is near this long-term average.
How is SHW's revenue distributed by segment?
SHW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.