SHW Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	23,574	23,099	23,052	22,149	19,945
Revenue Growth (YoY)	2.06%	0.20%	4.08%	11.05%	8.62%
Cost of Revenue	12,059	11,903	12,294	12,824	11,402
Gross Profit	11,516	11,195	10,758	9,325	8,543
Selling, General & Admin	7,695	7,422	7,065	6,332	5,882
Other Operating Expenses	7.6	-38.8	125	-9.4	101.8
Total Operating Expenses	7,703	7,383	7,190	6,322	5,984
Operating Income	3,813	3,812	3,568	3,003	2,559
Interest Income	11.2	11	25.2	8	4.9
Interest Expense	-465	-415.7	-417.5	-390.8	-334.7
Other Non-Operating Income (Expense)	-20.9	44.7	-65.5	-47	19.5
Total Non-Operating Income (Expense)	-474.7	-360	-457.8	-429.8	-310.3
Pretax Income	3,338	3,452	3,110	2,573	2,249
Provision for Income Taxes	769.7	770.4	721.1	553	384.2
Net Income	2,569	2,681	2,389	2,020	1,864
Net Income to Common	2,569	2,681	2,389	2,020	1,864
Net Income Growth	-4.21%	12.25%	18.25%	8.35%	-8.18%
Shares Outstanding (Basic)	248	251	255	258	263
Shares Outstanding (Diluted)	250	254	258	262	267
Shares Change (YoY)	-1.46%	-1.63%	-1.34%	-1.98%	-3.15%
EPS (Basic)	10.37	10.68	9.35	7.83	7.10
EPS (Diluted)	10.26	10.55	9.25	7.72	6.98
EPS Growth	-2.75%	14.05%	19.82%	10.60%	-5.16%
Shares Outstanding	247.7	251.29	254.54	258.9	261.14
Free Cash Flow	2,654	2,083	2,634	1,275	1,873
Free Cash Flow Growth	27.40%	-20.90%	106.48%	-31.89%	-39.69%
Free Cash Flow Per Share	10.60	8.20	10.20	4.87	7.01
Dividends Per Share	3.160	2.860	2.420	2.400	2.200
Dividend Growth	10.49%	18.18%	0.83%	9.09%	23.13%
Gross Margin	48.85%	48.47%	46.67%	42.10%	42.83%
Operating Margin	16.17%	16.50%	15.48%	13.56%	12.83%
Profit Margin	10.90%	11.61%	10.36%	9.12%	9.35%
FCF Margin	11.26%	9.02%	11.42%	5.76%	9.39%
EBITDA	4,490	4,436	4,190	3,584	3,132
EBITDA Margin	19.05%	19.20%	18.18%	16.18%	15.70%
EBIT	3,813	3,812	3,568	3,003	2,559
EBIT Margin	16.17%	16.50%	15.48%	13.56%	12.83%
Effective Tax Rate	23.06%	22.32%	23.19%	21.49%	17.09%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q