Sherwin Williams Co
SHW- Exchange
- NYSE
- Industry
- Retail-Building Materials, Hardware, Garden Supply
- SEC CIK
- 0000089800
In the last 90 days, Sherwin Williams Co insiders filed 0 open-market purchases and 5 sales; 1,752 institutions reported holding it in 13F filings for Q2 2026, worth $69.3B in total; 5 superinvestors hold it, including Viking Global Investors and D1 Capital Partners.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:32 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 30, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 14, 2022 |
| Revenue | $23.6B | $23.1B | $23.1B | $22.1B | $19.9B |
| Cost of revenue | $12.1B | $11.9B | $12.3B | $12.8B | $11.4B |
| Gross profit | $11.5B | $11.2B | $10.8B | $9.33B | $8.54B |
| Selling, general and administrative | $7.70B | $7.42B | $7.07B | $6.01B | $5.57B |
| Operating income | – | – | $4.16B | $3.40B | $3.08B |
| Interest expense | $396.2M | $354.7M | $417.5M | $390.8M | $334.7M |
| Income tax | $769.7M | $770.4M | $721.1M | $553.0M | $384.2M |
| Net income | $2.57B | $2.68B | $2.39B | $2.02B | $1.86B |
| EPS, basic | $10.37 | $10.68 | $9.35 | $7.83 | $7.10 |
| EPS, diluted | $10.26 | $10.55 | $9.25 | $7.72 | $6.98 |
| Weighted shares, basic | 247.6M | 251.0M | 255.4M | 258.0M | 262.5M |
| Weighted shares, diluted | 250.4M | 254.1M | 258.3M | 261.8M | 267.1M |
| Margins and growth | |||||
| Gross margin | 48.8% | 48.5% | 46.7% | 42.1% | 42.8% |
| Operating margin | – | – | 18.1% | 15.3% | 15.5% |
| Net margin | 10.9% | 11.6% | 10.4% | 9.1% | 9.3% |
| Revenue growth, year over year | +2.1% | +0.2% | +4.1% | +11.1% | +8.6% |
| Net income growth, year over year | −4.2% | +12.2% | +18.3% | +8.4% | −8.2% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 30, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 14, 2022 |
| Cash and equivalents | $207.2M | $210.4M | $276.8M | $198.8M | $165.7M |
| Accounts receivable | $2.79B | $2.39B | $2.47B | $2.56B | $2.35B |
| Inventory | $2.32B | $2.29B | $2.33B | $2.63B | $1.93B |
| Total current assets | $6.01B | $5.40B | $5.51B | $5.91B | $5.05B |
| Property, plant and equipment | $4.14B | $3.53B | $2.84B | $2.21B | $1.87B |
| Goodwill | $8.04B | $7.58B | $7.63B | $7.58B | $7.13B |
| Intangible assets | $3.97B | $3.53B | $3.88B | $4.00B | $4.00B |
| Total assets | $25.9B | $23.6B | $23.0B | $22.6B | $20.7B |
| Accounts payable | $2.35B | $2.25B | $2.31B | $2.44B | $2.40B |
| Short-term debt | $1.20B | $662.4M | $374.2M | $978.1M | $763.5M |
| Total current liabilities | $6.92B | $6.81B | $6.63B | $5.96B | $5.72B |
| Long-term debt | $9.32B | $8.18B | $8.38B | $9.59B | $8.59B |
| Shareholders' equity | $4.60B | $4.05B | $3.72B | $3.10B | $2.44B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 30, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 14, 2022 |
| Operating cash flow | $3.45B | $3.15B | $3.52B | $1.92B | $2.24B |
| Capital expenditures | $797.6M | $1.07B | $888.4M | $644.5M | $372.0M |
| Free cash flow | $2.65B | $2.08B | $2.63B | $1.28B | $1.87B |
| Stock-based compensation | $123.5M | $138.1M | $115.9M | $99.7M | $97.7M |
| Dividends paid | $789.8M | $723.4M | $623.7M | $618.5M | $587.1M |
| Investing cash flow | -$2.07B | -$1.20B | -$1.04B | -$1.61B | -$476.4M |
| Financing cash flow | -$1.38B | -$2.02B | -$2.42B | -$282.4M | -$1.83B |
| Net change in cash | -$3.20M | -$66.4M | $78.0M | $33.1M | -$60.9M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 241.6M | −2.5% | SEC |
| Jun 30, 2026 | 242.8M | −2.6% | SEC |
| Mar 31, 2026 | 246.6M | −1.6% | SEC |
| Jan 31, 2026 | 247.8M | −1.4% | SEC |
| Sep 30, 2025 | 247.9M | −1.6% | SEC |
| Jun 30, 2025 | 249.3M | −1.2% | SEC |
| Mar 31, 2025 | 250.6M | −1.2% | SEC |
| Jan 31, 2025 | 251.4M | −1.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 3-for-1 in Q2 2021.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.