The Sherwin-Williams Company (SHW)
NYSE: SHW · Real-Time Price · USD
352.24
+2.63 (0.75%)
Jan 29, 2026, 1:30 PM EST - Market open

SHW Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 20212016 - 2020
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2016 - 2020
23,57423,09923,05222,14919,945
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Revenue Growth (YoY)
2.06%0.20%4.08%11.05%8.62%
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Cost of Revenue
12,05911,90312,29412,82411,402
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Gross Profit
11,51611,19510,7589,3258,543
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Selling, General & Admin
7,6957,4097,0446,3365,886
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Other Operating Expenses
-10.211.186.3-7.1-4
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Operating Expenses
7,6857,4207,1316,3295,882
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Operating Income
3,8313,7753,6282,9972,660
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Interest Expense
-465-415.7-417.5-390.8-334.7
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Interest & Investment Income
11.21125.284.9
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Currency Exchange Gain (Loss)
--3.9-38.7-33.6-12
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Other Non Operating Income (Expenses)
-20.918.6-16.20.34.1
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EBT Excluding Unusual Items
3,3563,3853,1802,5812,323
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Merger & Restructuring Charges
---13.9--
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Gain (Loss) on Sale of Investments
-16.922.9-9.730.4
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Gain (Loss) on Sale of Assets
-49.9-0.917.8-105.8
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Asset Writedown
-17.8--23.9-15.5-
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Other Unusual Items
---54.6-1.4
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Pretax Income
3,3383,4523,1102,5732,249
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Income Tax Expense
769.7770.4721.1553384.2
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Earnings From Continuing Operations
2,5692,6812,3892,0201,864
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Net Income
2,5692,6812,3892,0201,864
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Net Income to Common
2,5692,6812,3892,0201,864
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Net Income Growth
-4.21%12.25%18.25%8.35%-8.18%
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Shares Outstanding (Basic)
248251255258263
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Shares Outstanding (Diluted)
250254258262267
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Shares Change (YoY)
-1.46%-1.63%-1.34%-1.98%-3.15%
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EPS (Basic)
10.3710.689.357.837.10
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EPS (Diluted)
10.2610.559.257.726.98
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EPS Growth
-2.75%14.05%19.82%10.60%-5.16%
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Free Cash Flow
-2,0832,6341,2751,873
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Free Cash Flow Per Share
-8.2010.204.877.01
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Dividend Per Share
-2.8602.4202.4002.200
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Dividend Growth
-18.18%0.83%9.09%23.13%
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Gross Margin
48.85%48.47%46.67%42.10%42.83%
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Operating Margin
16.25%16.34%15.74%13.53%13.34%
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Profit Margin
10.90%11.61%10.36%9.12%9.35%
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Free Cash Flow Margin
-9.02%11.42%5.76%9.39%
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EBITDA
4,4854,3994,2503,5783,233
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EBITDA Margin
19.02%19.05%18.44%16.15%16.21%
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D&A For EBITDA
654624622.5581.1572.6
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EBIT
3,8313,7753,6282,9972,660
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EBIT Margin
16.25%16.34%15.74%13.53%13.34%
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Effective Tax Rate
23.06%22.32%23.19%21.49%17.09%
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Advertising Expenses
-386.9394314.4311.9
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Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.
SEC Filings: 10-K · 10-Q