Sherwin Williams Co (SHW) Financial Statements
Industry: Building Materials, Hardware, Garden Supply (Retail)
In fiscal 2025, Sherwin Williams reported revenue of $23.57B, up 2.1% from $23.10B the year before. Net income was $2.57B (a 10.9% net margin), or $10.26 per diluted share. Gross margin was 48.8% and operating margin was 16.2%. Operating activities generated $3.45B of cash, leaving $2.65B of free cash flow. At fiscal year end, Sherwin Williams held $25.90B in total assets against $21.30B in total liabilities, including $207.2M of cash and equivalents.
Open the full interactive Sherwin Williams financials → Quarterly statements, key ratios, valuation history and price charts.
Sherwin Williams Key Stats
| Share Price | $324.10 |
|---|---|
| Market Cap | $79.73B |
| P/E Ratio | 31.6 |
| Dividend Yield | 0.99% |
| Revenue YoY Growth | +2.1% |
| 52-Week Range | $292.32 – $369.96 |
| Shares Outstanding | 243.9 million (basic, 2026 Q2) |
Sherwin Williams Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $18.36B | $19.94B | $22.15B | $23.05B | $23.10B | $23.57B |
| Cost of Goods Sold | $9.68B | $11.40B | $12.82B | $12.29B | $11.90B | $12.06B |
| Gross Profit | $8.68B | $8.54B | $9.33B | $10.76B | $11.20B | $11.52B |
| Operating Income | $3.37B | $3.08B | $3.40B | $4.16B | $3.77B | $3.82B |
| Pre-Tax Income | $2.52B | $2.25B | $2.57B | $3.11B | $3.45B | $3.34B |
| Income Tax | $488.8M | $384.2M | $553.0M | $721.1M | $770.4M | $769.7M |
| Net Income | $2.03B | $1.86B | $2.02B | $2.39B | $2.68B | $2.57B |
| Diluted EPS | $7.36 | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
Sherwin Williams Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.36B | $5.60B | $5.67B | $6.79B |
| Net Income | $833.1M | $476.8M | $534.7M | $843.6M |
| Diluted EPS | $3.35 | $1.90 | $2.15 | $3.43 |
Sherwin Williams Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $226.6M | $165.7M | $198.8M | $276.8M | $210.4M | $207.2M |
| Current Assets | $4.59B | $5.05B | $5.91B | $5.51B | $5.40B | $6.01B |
| Total Assets | $20.40B | $20.67B | $22.59B | $22.95B | $23.63B | $25.90B |
| Current Liabilities | $4.59B | $5.72B | $5.96B | $6.63B | $6.81B | $6.92B |
| Total Long-Term Debt | $8.29B | $8.85B | $9.59B | $9.48B | $9.23B | $9.67B |
| Total Liabilities | $16.79B | $18.23B | $19.49B | $19.24B | $19.58B | $21.30B |
| Shareholders' Equity | $3.61B | $2.44B | $3.10B | $3.72B | $4.05B | $4.60B |
Sherwin Williams Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.41B | $2.24B | $1.92B | $3.52B | $3.15B | $3.45B |
| Cash From Investing | -$322.4M | -$476.4M | -$1.61B | -$1.04B | -$1.20B | -$2.07B |
| Cash From Financing | -$3.02B | -$1.83B | -$282.4M | -$2.42B | -$2.02B | -$1.38B |
| Free Cash Flow | $3.10B | $1.87B | $1.28B | $2.63B | $2.08B | $2.65B |
| Dividends Paid | $488.0M | $587.1M | $618.5M | $623.7M | $723.4M | $789.8M |
Figures from Sherwin Williams' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sherwin Williams financials page for every line item.
Sherwin Williams Company Profile
| Ticker | SHW |
|---|---|
| Exchange | NYSE |
| Industry | Building Materials, Hardware, Garden Supply (Retail) |
| Headquarters | Cleveland, Ohio |
| Incorporated in | Ohio |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000089800 |
Frequently Asked Questions
What was Sherwin Williams' revenue in fiscal 2025?
Sherwin Williams (SHW) reported revenue of $23.57B for fiscal 2025.
What is Sherwin Williams' annual revenue history?
Sherwin Williams' annual revenue by fiscal year: 2020: $18.36B; 2021: $19.94B; 2022: $22.15B; 2023: $23.05B; 2024: $23.10B; 2025: $23.57B.
What was Sherwin Williams' net income in fiscal 2025?
Sherwin Williams reported net income of $2.57B for fiscal 2025.
What was Sherwin Williams' earnings per share (EPS) in fiscal 2025?
Sherwin Williams' diluted EPS was $10.26 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sherwin Williams generate in fiscal 2025?
Sherwin Williams generated $2.65B of free cash flow in fiscal 2025.
What was Sherwin Williams' revenue last quarter?
In its most recent reported quarter (2026 Q2), Sherwin Williams reported revenue of $6.79B.
How much debt does Sherwin Williams have?
Sherwin Williams reported $9.67B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sherwin Williams are outstanding?
Sherwin Williams reported a weighted average of 243.9 million basic shares outstanding in 2026 Q2.
What is Sherwin Williams' market cap?
Based on its latest closing price, Sherwin Williams (SHW) has a market capitalization of about $79.73B.
When does Sherwin Williams' fiscal year end?
Sherwin Williams' fiscal year end, as registered with the SEC, is December 31.
Where is Sherwin Williams headquartered?
Sherwin Williams lists its business address in Cleveland, Ohio in its SEC filings.
Sherwin Williams Competitors & Similar Companies
See all 5 Building Materials, Hardware, Garden Supply (Retail) companies →