Saturday 17 October 2026
Export SHW’s income statement to Excel — free account
The Sherwin-Williams Company
SHW Basic Materials Specialty Chemicals
The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024. In the quarter to June 2026, revenue grew 7.52%, EPS grew 13.8%, free cash flow grew 33.7% and total debt rose 13.0%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for ten.
335.20
1.72
−0.51%
Follow SHW
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.63 | 21.73 | 33.04 | 34.76 | 32.72 | 49.60 | 30.57 | 32.61 | 31.80 | 31.22 |
Piotroski F-Score |
7 | 3 | 4 | 9 | 7 | 5 | 6 | 7 | 7 | 6 |
P/S ratio |
2.13 | 2.57 | 2.09 | 2.99 | 3.62 | 4.63 | 2.79 | 3.38 | 3.69 | 3.40 |
Altman Z-Score |
6.63 | 2.85 | 3.13 | 3.73 | 3.80 | 4.52 | 3.52 | 4.27 | 4.48 | 3.67 |
Altman Z″-Score (non-manufacturers) |
4.87 | 1.84 | 1.99 | 2.26 | 1.30 | 1.10 | 1.56 | 1.70 | 1.91 | 1.12 |
P/FCF ratio |
22.76 | 22.50 | 21.14 | 26.79 | 21.00 | 48.98 | 47.19 | 28.80 | 40.73 | 30.11 |
Beneish M-Score |
(2.56) | (1.43) | (2.65) | (2.63) | (2.82) | (2.44) | (2.36) | (2.78) | (2.61) | (2.50) |
P/Operating CF |
73.71 | 61.48 | 71.39 | 81.18 | 78.67 | 476.75 | 96.35 | 84.77 | 91.30 | 73.44 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 89 |
P/B ratio |
13.42 | 10.54 | 9.81 | 12.99 | 18.41 | 37.93 | 19.91 | 20.96 | 21.06 | 17.45 |
Price to Tangible BV |
50.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.22 | 3.25 | 2.61 | 3.47 | 4.06 | 5.11 | 3.26 | 3.79 | 4.11 | 3.86 |
EV/EBITDA |
13.04 | 21.11 | 18.41 | 19.93 | 21.57 | 31.99 | 19.83 | 20.27 | 21.06 | 19.71 |
EV/Operating CF |
20.08 | 25.88 | 23.55 | 26.75 | 21.86 | 45.39 | 37.57 | 24.83 | 30.13 | 26.33 |
EV/FCF |
23.71 | 28.54 | 26.44 | 31.06 | 23.54 | 53.99 | 55.12 | 32.35 | 45.35 | 34.11 |
Quick Ratio |
0.75 | 0.58 | 0.51 | 0.50 | 0.50 | 0.44 | 0.46 | 0.41 | 0.38 | 0.43 |
Current Ratio |
1.28 | 1.11 | 1.01 | 1.02 | 1.00 | 0.88 | 0.99 | 0.83 | 0.79 | 0.87 |
Net Debt/EBITDA |
0.53 | 4.47 | 3.70 | 2.74 | 2.33 | 2.97 | 2.85 | 2.22 | 2.15 | 2.31 |
Debt/Assets |
28.92% | 52.87% | 48.83% | 42.37% | 40.64% | 46.52% | 46.78% | 42.92% | 41.84% | 41.97% |
Debt/Equity |
1.04 | 2.88 | 2.50 | 2.11 | 2.30 | 3.95 | 3.41 | 2.65 | 2.44 | 2.36 |
Asset Turnover |
1.89 | 1.12 | 0.90 | 0.90 | 0.90 | 0.97 | 1.02 | 1.01 | 0.99 | 0.95 |
Operating CF/Net income |
1.16 | 1.09 | 1.75 | 1.51 | 1.68 | 1.20 | 0.95 | 1.47 | 1.18 | 1.34 |
Capex/Depreciation |
(0.74) | (0.29) | (0.35) | (0.46) | (0.41) | (0.57) | (0.99) | (1.19) | (1.51) | (1.01) |
Interest Coverage |
11.31 | 6.43 | 5.12 | 6.90 | 8.41 | 7.65 | 7.72 | 8.68 | 9.17 | 8.24 |
| 82.49% | 62.53% | 30.05% | 39.25% | 52.51% | 61.65% | 72.94% | 70.07% | 69.05% | 59.39% | |
| 18.08% | 12.97% | 5.68% | 7.78% | 9.93% | 9.08% | 9.34% | 10.49% | 11.51% | 10.37% | |
ROIC |
37.04% | 7.58% | 9.08% | 11.91% | 15.33% | 13.45% | 14.00% | 17.05% | 17.35% | 15.69% |
Return on Tangible Assets |
59.80% | 75.23% | 60.80% | 79.24% | 110.86% | 155.17% | 93.78% | 138.66% | 126.17% | 79.66% |
Average Days of Receivables |
37.90 | 51.27 | 42.02 | 42.59 | 41.31 | 43.05 | 42.25 | 39.08 | 37.75 | 43.22 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
35.03% | 32.16% | 29.79% | 29.69% | 29.98% | 30.00% | 28.47% | 30.94% | 31.96% | 32.60% |
Intangible Assets out of Total Assets |
0.20 | 0.64 | 0.64 | 0.57 | 0.56 | 0.54 | 0.51 | 0.50 | 0.47 | 0.46 |
Share Based Compensation of Revenue |
0.61% | 0.60% | 0.47% | 0.57% | 0.52% | 0.49% | 0.45% | 0.50% | 0.60% | 0.52% |
Graham Net Nets |
(0.05) | (0.31) | (0.30) | (0.22) | (0.18) | (0.14) | (0.22) | (0.18) | (0.17) | (0.19) |
Graham Number |
24.90 | 43.23 | 34.56 | 43.42 | 47.35 | 38.51 | 46.02 | 55.32 | 62.31 | 65.86 |
Earnings Yield |
4.42% | 4.60% | 3.03% | 2.88% | 3.06% | 2.02% | 3.27% | 3.07% | 3.14% | 3.20% |
Free Cash Flow Yield |
4.39% | 4.44% | 4.73% | 3.73% | 4.76% | 2.04% | 2.12% | 3.47% | 2.46% | 3.32% |
Revenue per Share |
43.03 | 53.76 | 62.85 | 65.00 | 67.68 | 75.98 | 85.85 | 90.26 | 92.03 | 95.21 |
Operating CF per Share |
4.75 | 6.76 | 6.97 | 8.43 | 12.56 | 8.55 | 7.44 | 13.79 | 12.56 | 13.94 |
Capex per Share |
(0.73) | (0.63) | (0.76) | (1.17) | (0.90) | (1.36) | (2.37) | (3.20) | (4.22) | (3.18) |
Free Cash Flow per Share |
4.02 | 6.13 | 6.21 | 7.26 | 11.67 | 7.19 | 5.07 | 10.59 | 8.35 | 10.76 |
Cash per Share |
3.23 | 0.73 | 0.56 | 0.59 | 0.84 | 0.63 | 0.77 | 1.08 | 0.84 | 0.84 |
Shareholders Equity per Share |
6.82 | 13.09 | 13.37 | 14.97 | 13.31 | 9.28 | 12.02 | 14.55 | 16.14 | 18.57 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.82 | 13.09 | 13.37 | 14.97 | 13.31 | 9.28 | 12.02 | 14.55 | 16.14 | 18.57 |
Free Cash Flow |
1,107.98 | 1,708.40 | 1,731.10 | 1,999.30 | 3,165.50 | 1,887.40 | 1,308.60 | 2,703.60 | 2,094.80 | 2,664.70 |
Working Capital |
798.12 | 419.80 | 46.80 | 109.80 | (3.00) | (665.80) | (53.00) | (1,114.00) | (1,407.90) | (912.90) |
Capital Expenditures |
(200.59) | (175.60) | (212.60) | (322.00) | (243.10) | (357.20) | (611.30) | (818.30) | (1,058.40) | (786.90) |
Net Current Asset Value |
(1,246.78) | (11,844.60) | (11,059.10) | (11,741.20) | (12,199.40) | (13,175.80) | (13,584.20) | (13,725.70) | (14,180.60) | (15,296.00) |
EV/EBIT |
15.07 | 28.79 | 24.38 | 25.77 | 26.03 | 39.82 | 23.90 | 24.12 | 24.92 | 23.73 |
Capex to Sales |
0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | 0.03 |
Price to Operating Income |
14.46 | 22.70 | 19.49 | 22.23 | 23.21 | 36.13 | 20.46 | 21.48 | 22.38 | 20.94 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.25 | 0.33 | 0.34 | 0.38 | 0.32 | 0.34 | 0.28 | 0.24 | 0.20 | 0.19 |
Cash ROIC |
23.47% | 11.89% | 13.08% | 15.41% | 26.10% | 15.45% | 9.43% | 19.53% | 14.80% | 17.00% |
Accounts Receivable Turnover |
10.11 | 8.98 | 8.50 | 8.72 | 8.81 | 9.00 | 9.01 | 9.16 | 9.51 | 9.10 |
Accounts Payable Turnover |
5.41 | 5.85 | 5.63 | 5.37 | 4.85 | 5.04 | 5.30 | 5.17 | 5.21 | 5.23 |
Inventory Turnover |
5.69 | 5.88 | 5.69 | 5.33 | 5.24 | 6.11 | 5.63 | 4.96 | 5.16 | 5.24 |
Average Days of Payables |
63.64 | 79.12 | 64.93 | 69.42 | 79.86 | 76.93 | 69.35 | 68.73 | 69.09 | 71.26 |
Days of Inventory on Hand |
65.71 | 76.95 | 65.50 | 69.92 | 68.03 | 61.69 | 74.76 | 69.17 | 70.16 | 70.17 |
Average Receivables |
1,172.63 | 1,667.79 | 2,061.70 | 2,053.85 | 2,083.50 | 2,215.25 | 2,458.00 | 2,515.75 | 2,428.35 | 2,590.00 |
Average Payables |
1,096.08 | 1,413.05 | 1,795.45 | 1,837.85 | 1,997.05 | 2,260.40 | 2,419.75 | 2,375.75 | 2,284.10 | 2,303.70 |
Average Inventory |
1,043.43 | 1,405.41 | 1,778.90 | 1,852.45 | 1,846.85 | 1,865.65 | 2,276.85 | 2,478.15 | 2,308.95 | 2,303.15 |
Average Assets |
6,265.73 | 13,326.01 | 19,516.90 | 19,815.25 | 20,448.90 | 20,534.15 | 21,630.35 | 22,774.20 | 23,293.50 | 24,767.15 |
Average Common Equity |
1,373.18 | 2,763.17 | 3,689.30 | 3,927.00 | 3,867.05 | 3,024.00 | 2,769.65 | 3,408.95 | 3,883.50 | 4,324.75 |
Columns are period end dates