The Sherwin-Williams Company (BMV:SHW)

BMV:SHW Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	23,276	23,099	23,052	22,149	19,945	18,362
Revenue Growth (YoY)	0.96%	0.20%	4.08%	11.05%	8.62%	2.57%
Cost of Revenue	11,900	11,903	12,294	12,824	11,402	9,679
Gross Profit	11,376	11,195	10,758	9,325	8,543	8,683
Selling, General & Admin	7,646	7,409	7,044	6,336	5,886	5,483
Amortization of Goodwill & Intangibles	-	-	-	-	-	313.4
Other Operating Expenses	54.5	11.1	86.3	-7.1	-4	37.1
Operating Expenses	7,687	7,420	7,131	6,329	5,882	5,833
Operating Income	3,689	3,775	3,628	2,997	2,660	2,849
Interest Expense	-431.9	-415.7	-417.5	-390.8	-334.7	-340.4
Interest & Investment Income	9.7	11	25.2	8	4.9	3.6
Currency Exchange Gain (Loss)	-23.8	-3.9	-38.7	-33.6	-12	-7.2
Other Non Operating Income (Expenses)	8.1	18.6	-16.2	0.3	4.1	28.1
EBT Excluding Unusual Items	3,251	3,385	3,180	2,581	2,323	2,533
Merger & Restructuring Charges	-	-	-13.9	-	-	-
Gain (Loss) on Sale of Investments	11.7	16.9	22.9	-9.7	30.4	-
Gain (Loss) on Sale of Assets	51.9	49.9	-0.9	17.8	-105.8	9.4
Asset Writedown	-	-	-23.9	-15.5	-	-2.3
Other Unusual Items	-	-	-54.6	-	1.4	-21.3
Pretax Income	3,315	3,452	3,110	2,573	2,249	2,519
Income Tax Expense	743	770.4	721.1	553	384.2	488.8
Earnings From Continuing Operations	2,572	2,681	2,389	2,020	1,864	2,030
Net Income	2,572	2,681	2,389	2,020	1,864	2,030
Net Income to Common	2,572	2,681	2,389	2,020	1,864	2,030
Net Income Growth	0.56%	12.25%	18.25%	8.35%	-8.18%	31.73%
Shares Outstanding (Basic)	248	251	255	258	263	271
Shares Outstanding (Diluted)	251	254	258	262	267	276
Shares Change (YoY)	-1.50%	-1.63%	-1.34%	-1.98%	-3.15%	-1.60%
EPS (Basic)	10.35	10.68	9.35	7.83	7.10	7.48
EPS (Diluted)	10.23	10.55	9.25	7.72	6.98	7.36
EPS Growth	1.96%	14.05%	19.82%	10.60%	-5.16%	33.82%
Free Cash Flow	2,426	2,083	2,634	1,275	1,873	3,105
Free Cash Flow Per Share	9.65	8.20	10.20	4.87	7.01	11.26
Dividend Per Share	3.085	2.860	2.420	2.400	2.200	1.787
Dividend Growth	12.18%	18.18%	0.83%	9.09%	23.13%	18.58%
Gross Margin	48.88%	48.47%	46.67%	42.10%	42.83%	47.29%
Operating Margin	15.85%	16.34%	15.74%	13.53%	13.34%	15.52%
Profit Margin	11.05%	11.61%	10.36%	9.12%	9.35%	11.06%
Free Cash Flow Margin	10.42%	9.02%	11.42%	5.76%	9.39%	16.91%
EBITDA	4,342	4,399	4,250	3,578	3,233	3,431
EBITDA Margin	18.65%	19.05%	18.44%	16.15%	16.21%	18.68%
D&A For EBITDA	652.4	624	622.5	581.1	572.6	581.4
EBIT	3,689	3,775	3,628	2,997	2,660	2,849
EBIT Margin	15.85%	16.34%	15.74%	13.53%	13.34%	15.52%
Effective Tax Rate	22.41%	22.32%	23.19%	21.49%	17.09%	19.40%
Advertising Expenses	-	386.9	394	314.4	311.9	363.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.