SHW
$324.54+0.14%
as of close, Oct 14, 2026
☾ AH $324.54 +0.14%
Sherwin-Williams Company (The)Stock · MaterialsDow Jones 3.9%S&P 500 Equal Weight 0.2%S&P 500 0.1%Russell 1000 0.1%US Stock Market 0.1%Russell 3000 0.1%MSCI World 0.08%MSCI ACWI 0.08%
SHW financial statements
The full income statement, balance sheet, and cash-flow statement for Sherwin-Williams Company (The) (SHW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 252.3M2024-09 251.9M2024-12 251.4M2025-03 250.6M2025-06 249.3M2025-09 247.9M2025-12 247.8M2026-03 246.6M2026-06 242.8M-3.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 23.6B+2.1% | 23.1B+0.2% | 23.1B+4.1% | 22.1B+11.1% | 19.9B+8.6% | |
| 11.5B+2.9% | 11.2B+4.1% | 10.8B+15.4% | 9.33B+9.2% | 8.54B-1.6% | ||
| Cost of revenue | 12.1B+1.3% | 11.9B-3.2% | 12.3B-4.1% | 12.8B+12.5% | 11.4B+17.8% | |
| Selling, general & administrative | 7.70B+3.7% | 7.42B+5.0% | 7.07B+11.6% | 6.33B+7.6% | 5.88B+7.4% | |
| General & administrative | — | — | 634M+46.4% | 433M-13.4% | 500M-2.7% | |
| Restructuring | 111M | — | 15.3M-68.0% | 47.8M | — | |
| Amortization of intangibles | 337M+3.1% | 327M-1.1% | 330M+4.1% | 317M+2.5% | 310M-1.2% | |
| Provision for credit losses | 49.3M-29.1% | 69.5M+2.4% | 67.9M+4.0% | 65.3M+93.2% | 33.8M-40.5% | |
| Operating income | — | — | 4.16B+22.5% | 3.40B+10.2% | 3.08B-8.6% | |
| Interest expense | 465M+11.9% | 416M-0.4% | 418M+6.8% | 391M+16.8% | 335M-1.7% | |
| Interest & investment income | — | — | 25.2M+215.0% | 8.00M+63.3% | 4.90M+36.1% | |
| Other non-operating income | -20.9M-146.8% | 44.7M+168.2% | -65.5M-39.4% | -47.0M-341.0% | 19.5M+467.9% | |
| Pre-tax income | 3.34B-3.3% | 3.45B+11.0% | 3.11B+20.9% | 2.57B+14.4% | 2.25B-10.7% | |
| Income tax | 770M-0.1% | 770M+6.8% | 721M+30.4% | 553M+43.9% | 384M-21.4% | |
| Net income | 2.57B-4.2% | 2.68B+12.2% | 2.39B+18.3% | 2.02B+8.4% | 1.86B-8.2% | |
| $10.26-2.7% | $10.55+14.1% | $9.25+19.8% | $7.72+10.6% | $6.98-5.2% | ||
| EPS (basic) | $10.37-2.9% | $10.68+14.2% | $9.35+19.4% | $7.83+10.3% | $7.10-5.1% | |
| Weighted-avg shares (basic) | 248M-1.4% | 251M-1.7% | 255M-1.0% | 258M-1.7% | 263M-3.2% | |
| Weighted-avg shares (diluted) | 250M-1.5% | 254M-1.6% | 258M-1.3% | 262M-2.0% | 267M-3.2% | |
| Dividends per share | $3.16+10.5% | $2.86+18.2% | $2.42+0.8% | $2.40+9.1% | $2.20+23.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.01B+11.2% | 5.40B-2.0% | 5.51B-6.7% | 5.91B+16.9% | 5.05B+10.1% | ||
| Cash & equivalents | 207M-1.5% | 210M-24.0% | 277M+39.2% | 199M+20.0% | 166M-26.9% | |
| Accounts receivable | 2.79B+16.8% | 2.39B-3.2% | 2.47B-3.7% | 2.56B+9.0% | 2.35B+13.2% | |
| Inventory | 2.32B+1.3% | 2.29B-1.8% | 2.33B-11.3% | 2.63B+36.3% | 1.93B+6.8% | |
| Other current assets | 691M+34.5% | 514M+17.1% | 438M-15.5% | 519M-14.7% | 608M+26.1% | |
| 25.9B+9.6% | 23.6B+3.0% | 23.0B+1.6% | 22.6B+9.3% | 20.7B+1.3% | ||
| Property, plant & equipment | 4.14B+17.1% | 3.53B+24.5% | 2.84B+28.5% | 2.21B+18.2% | 1.87B+1.8% | |
| Operating lease right-of-use | 2.00B+2.1% | 1.95B+3.5% | 1.89B+1.1% | 1.87B+2.5% | 1.82B+3.4% | |
| Goodwill | 8.04B+6.0% | 7.58B-0.6% | 7.63B+0.6% | 7.58B+6.3% | 7.13B+1.2% | |
| Intangible assets | 3.97B+12.3% | 3.53B-8.9% | 3.88B-3.0% | 4.00B+0.0% | 4.00B-10.5% | |
| Other non-current assets | 1.76B+7.8% | 1.63B+34.7% | 1.21B+17.9% | 1.03B+30.2% | 789M+13.6% | |
| 6.92B+1.6% | 6.81B+2.7% | 6.63B+11.2% | 5.96B+4.2% | 5.72B+24.5% | ||
| Accounts payable | 2.35B+4.5% | 2.25B-2.7% | 2.31B-5.0% | 2.44B+1.4% | 2.40B+13.5% | |
| Deferred revenue | 427M+10.6% | 386M+5.6% | 366M+24.9% | 293M+12.7% | 260M-2.4% | |
| Short-term & current debt | 350M-66.6% | 1.05B-4.5% | 1.10B+183033.3% | 600K-99.8% | 261M+938.2% | |
| Current lease liability | 480M+2.8% | 467M+3.9% | 449M+5.6% | 425M+3.8% | 410M+5.8% | |
| Other current liabilities | 1.51B+10.9% | 1.36B+2.3% | 1.33B+16.8% | 1.14B+13.2% | 1.01B-10.8% | |
| Finance lease liability (current) | 700K-81.1% | 3.70M | 0.00 | — | — | |
| Long-term debt | 9.32B+14.0% | 8.18B-2.4% | 8.38B-12.6% | 9.59B+11.6% | 8.59B+3.9% | |
| Deferred revenue (non-current) | 10.3M+543.8% | 1.60M-57.9% | 3.80M-46.5% | 7.10M-22.8% | 9.20M+12.2% | |
| Non-current lease liability | 1.59B+2.1% | 1.56B+3.2% | 1.51B-0.2% | 1.51B+2.9% | 1.47B+2.6% | |
| Operating lease liability (total) | 2.07B+2.3% | 2.02B+3.4% | 1.96B+1.1% | 1.94B+3.1% | 1.88B+3.2% | |
| Finance lease liability (total) | 195M+3.2% | 189M | — | — | — | |
| Finance lease liability | 195M+4.9% | 186M | 0.00 | — | — | |
| Deferred tax liabilities | 765M+26.0% | 608M-11.1% | 683M+0.2% | 682M-11.3% | 768M-9.2% | |
| Other non-current liabilities | 2.58B+11.5% | 2.31B+21.0% | 1.91B+18.8% | 1.61B+13.1% | 1.42B+3.4% | |
| 4.60B+13.5% | 4.05B+9.0% | 3.72B+19.8% | 3.10B+27.3% | 2.44B-32.5% | ||
| Common stock | 83.1M-10.2% | 92.5M+0.8% | 91.8M+0.7% | 91.2M+0.4% | 90.8M+1.0% | |
| Additional paid-in capital | 4.20B-8.1% | 4.58B+9.1% | 4.19B+5.8% | 3.96B+4.5% | 3.79B+8.6% | |
| Retained earnings | 1.03B-85.8% | 7.25B+37.0% | 5.29B+50.1% | 3.52B+66.1% | 2.12B+151.3% | |
| Treasury stock | 84.3M-98.8% | 6.99B+33.5% | 5.23B+38.6% | 3.78B+31.6% | 2.87B+2874.0% | |
| Accumulated other comprehensive income | -634M+27.5% | -875M-40.2% | -624M+10.9% | -701M-0.3% | -698M+2.8% | |
| Total liabilities & equity | 25.9B+9.6% | 23.6B+3.0% | 23.0B+1.6% | 22.6B+9.3% | 20.7B+1.3% | |
| Common shares issued | 248M | — | — | — | — | |
| Common shares outstanding | 248M-1.4% | 251M-1.3% | 255M-1.7% | 259M-0.8% | 261M-2.8% | |
| Shares outstanding (cover) | 248M-1.4% | 251M-1.2% | 254M-1.5% | 258M-0.7% | 260M-3.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.45B+9.5% | 3.15B-10.5% | 3.52B+83.4% | 1.92B-14.5% | 2.24B-34.1% | ||
| Depreciation & amortization | 677M+8.5% | 624M+0.2% | 623M+7.1% | 581M+1.5% | 573M-1.5% | |
| Intangible amortization | 337M+3.1% | 327M-1.1% | 330M+4.1% | 317M+2.5% | 310M-1.2% | |
| Share-based compensation | 124M-10.6% | 138M+19.2% | 116M+16.2% | 99.7M+2.0% | 97.7M+1.9% | |
| Deferred income taxes | 153M+304.5% | -74.9M+15.7% | -88.9M+38.6% | -145M-80.3% | -80.3M+44.7% | |
| Change in receivables | 163M+1421.5% | 10.7M+112.5% | -85.6M-142.8% | 200M-30.4% | 288M+2894.2% | |
| Change in inventory | -133M-502.7% | 32.9M+110.2% | -323M-148.5% | 667M+192.3% | 228M+370.3% | |
| Change in payables | -37.8M-273.4% | 21.8M+109.0% | -241M-617.4% | 46.6M-86.5% | 346M+52.3% | |
| Other operating activities | 8.50M+106.1% | -140M+44.3% | -252M-574.8% | -37.3M-24.7% | -29.9M-122.3% | |
| -2.07B-72.7% | -1.20B-15.1% | -1.04B+35.4% | -1.61B-237.4% | -476M-47.8% | ||
| Capital expenditure | 798M-25.5% | 1.07B+20.4% | 888M+37.8% | 645M+73.3% | 372M+22.4% | |
| Free cash flow | 2.65B+27.4% | 2.08B-20.9% | 2.63B+106.5% | 1.28B-31.9% | 1.87B-39.7% | |
| Acquisitions | 1.21B+1435.2% | 78.9M-70.2% | 265M-73.6% | 1.00B+375.6% | 211M | |
| Other investing activities | 68.1M+15.4% | 59.0M-1.7% | 60.0M+982.4% | -6.80M-122.1% | 30.8M-61.2% | |
| -1.38B+31.7% | -2.02B+16.8% | -2.42B-758.6% | -282M+84.6% | -1.83B+39.3% | ||
| Long-term debt issued | 1.50B+76.6% | 849M | 0.00-100.0% | 1000M+0.5% | 995M-0.4% | |
| Long-term debt repaid | 1.05B-4.5% | 1.10B+706.5% | 136M-47.6% | 260M-38.4% | 423M-64.9% | |
| Net short-term debt | 537M+86.2% | 289M+147.8% | -604M-381.7% | 214M-71.9% | 764M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.66B-4.7% | 1.74B+21.4% | 1.43B+62.1% | 883M-67.9% | 2.75B+12.5% | |
| Dividends paid | 790M+9.2% | 723M+16.0% | 624M+0.8% | 619M+5.3% | 587M+20.3% | |
| Other financing activities | -86.8M-24.4% | -69.8M-49.5% | -46.7M-96.2% | -23.8M-1.7% | -23.4M+23.5% | |
| FX effect on cash | -9.90M-59.7% | -6.20M-131.0% | 20.0M+525.0% | 3.20M-34.7% | 4.90M+476.9% | |
| Net change in cash | -3.20M+95.2% | -66.4M-185.1% | 78.0M+135.6% | 33.1M+154.4% | -60.9M-194.0% | |
| Interest paid | 453M+11.3% | 407M-2.3% | 417M+12.2% | 371M+9.5% | 339M-0.6% | |
| Income taxes paid | 593M-24.0% | 780M-4.5% | 817M+40.8% | 580M+24.4% | 466M+6.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 80.3B-6.0% | 85.4B+7.0% | 79.8B+29.8% | 61.5B-32.9% | 91.7B+39.2% | |
| P/E | 31.3×-1.9% | 31.9×-3.5% | 33.0×+4.0% | 31.7×-35.5% | 49.2×+51.6% | |
| P/S | 3.4×-7.9% | 3.7×+6.7% | 3.5×+22.2% | 2.8×-38.3% | 4.6×+28.2% | |
| P/B | 17.5×-17.2% | 21.1×-0.1% | 21.1×-10.8% | 23.7×-37.1% | 37.6×+106.3% | |
| P/FCF | 30.3×-26.2% | 41.0×+25.4% | 32.7×-50.1% | 65.6×+33.9% | 49.0×+130.9% | |
| Earnings yield | 3.2%+1.9% | 3.1%+3.6% | 3.0%-3.8% | 3.2%+55.0% | 2.0%-34.1% | |
| FCF yield | 3.3%+35.6% | 2.4%-20.3% | 3.1%+100.5% | 1.5%-25.3% | 2.0%-56.7% | |
| Dividend yield | 0.98%+15.9% | 0.84%+8.4% | 0.78%-23.3% | 1.0%+61.9% | 0.62%-14.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SHW’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SHW filings on SEC EDGAR → Not investment advice.