The Sherwin-Williams Company (SHW) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Sherwin-Williams is the largest global manufacturer of paints and coatings. The company focuses on the development, manufacturing, and distribution of paint, coatings, and related products to custo...
The Sherwin-Williams Company's revenue increased 2.1% year over year, from $23.10B to $23.57B.
Net income decreased 4.2% over the same period, from $2.68B to $2.57B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 99% in total.
Total debt increased by 19.0% to $10.52B.
The debt-to-equity ratio stands at 2.29, indicating a high leverage profile.
Operating cash flow grew 9.5% to $3.45B.
The Sherwin-Williams Company maintains a healthy net profit margin of 10.9%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $6.16B-1.7% | $806.2M | $3.03B | $1.02B | $1.07B | $23.97B | $9.09B | $4.16B |
| Q4 FY2024 | $5.30B-14.0% | $480.1M | $2.57B | $615.6M | $934.5M | $23.63B | $8.84B | $4.05B |
| Q1 FY2025 | $5.31B+0.2% | $503.9M | $2.56B | $653.0M | $-61.1M | $24.64B | $9.63B | $4.13B |
| Q2 FY2025 | $6.31B+19.0% | $754.7M | $3.12B | $985.7M | $1.11B | $25.36B | $9.54B | $4.40B |
| Q3 FY2025 | $6.36B+0.7% | $833.1M | $3.13B | $1.06B | $1.31B | $26.21B | $11.16B | $4.43B |
| Q4 FY2025 | $5.60B-12.0% | $476.8M | $2.71B | $639.0M | $1.09B | $25.90B | $10.52B | $4.60B |
| Q1 FY2026 | $5.67B+1.3% | $534.7M | $2.78B | $679.8M | $139.1M | $26.38B | $14.60B | $4.43B |
| Q2 FY2026 | $6.79B+19.8% | $843.6M | $3.34B | $1.35B | $1.35B | $26.95B | $15.03B | $3.85B |
Balance Sheet Summary (Q2 FY2026)
The Sherwin-Williams Company (SHW) Financial Statements & Revenue History
The Sherwin-Williams Company (SHW) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Retail-Building Materials, Hardware, Garden Supply industry trading at $334.01 with a market capitalization of $81. This page provides 42 historical financial statements for The Sherwin-Williams Company, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, The Sherwin-Williams Company reported revenue of $23.6 billion, representing 2.1% year-over-year growth. The net profit margin of 10.9% indicates moderate profitability. The debt-to-equity ratio of 2.29 signals high leverage.
SHW Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows The Sherwin-Williams Company's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SHW is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SHW's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently The Sherwin-Williams Company converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SHW's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SHW Financial Data
Investors use The Sherwin-Williams Company's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SHW's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SHW's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SHW's financial health score, earnings, and pre-market pricing.
Financial data is sourced from The Sherwin-Williams Company's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SHW trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.