Friday 6 November 2026 Export SHW’s income statement to Excel — free account

The Sherwin-Williams Company

The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024.

Revenue: +7.89%
EPS: +0.89%
Free cash flow: −12.2%
Total debt: +2.43%

Quarter to September 2026, against a year earlier

349.94 13.56 −3.73%

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Market cap: $84.3B
P/E: 31.8×
Fwd P/E: 29.9×
Dividend yield: 0.91%
F-score: 6/9
Altman Z: 3.67
Beneish M: −2.50
Dividend safety: 89/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

The Sherwin-Williams Company (SHW) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Paint Stores Group	13,606	57.71%
Performance Coatings Group	6,795	28.82%
Consumer Brands Group	3,166	13.43%
Gross margin		48.85%
Operating margin		16.25%
Pre-tax margin		14.16%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2013	FY2012	FY2011
Paint Stores Group	13,606 57.71%	13,188 57.09%	12,840 55.70%	11,963 54.01%	10,616 53.23%	—	—	—	—	—	—	6,002 58.92%	5,410 56.74%	4,780 54.53%
Performance Coatings Group	6,795 28.82%	6,797 29.43%	6,843 29.69%	6,794 30.67%	6,154 30.85%	5,060 27.55%	5,165 28.86%	5,189 29.59%	3,706 24.73%	1,961 16.54%	1,921 16.94%	2,005 19.68%	1,968 20.64%	1,887 21.53%
Consumer Brands Group	3,166 13.43%	3,108 13.46%	3,366 14.60%	3,388 15.30%	7,506 37.63%	6,742 36.72%	6,284 35.10%	6,199 35.35%	2,155 14.38%	4,303 36.30%	4,314 38.05%	1,342 13.17%	3,642 38.20%	3,365 38.39%
The Americas Group	—	—	—	—	—	10,383 56.55%	10,172 56.82%	9,626 54.90%	9,117 60.85%	8,416 70.99%	7,880 69.49%	—	—	—
Latin America Coatings Group	—	—	—	—	—	—	—	—	—	—	—	832 8.17%	883 9.26%	828 9.45%
Corporate	—	—	—	—	—	—	—	—	—	—	—	—	(2,369) (24.85%)	6 0.07%
Eliminations	—	—	—	—	(4,331) (21.72%)	(3,823) (20.82%)	(3,720) (20.78%)	(3,479) (19.84%)	—	(2,824) (23.82%)	(2,776) (24.48%)	—	—	(2,100) (23.96%)
Revenue	23,574	23,099	23,052	22,149	19,945	18,362	17,901	17,535	14,984	11,856	11,339	10,186	9,534	8,766

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2013	FY2012	FY2011
Paint Stores Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Performance Coatings Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Brands Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
The Americas Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Latin America Coatings Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Consumer Brands Group - net new stores	Q3 FY2026	2.00	−8.00	+125.00%
Consumer Brands Group - total stores	Q3 FY2026	310.00	304.00	+1.97%
Paint Stores Group - net new stores	Q3 FY2026	12.00	23.00	−47.83%
Paint Stores Group - total stores	Q3 FY2026	4.9K	4.8K	+0.39%
Performance Coatings Group - net new branches	Q4 FY2025	−7.00	—	—
Performance Coatings Group - total branches	Q3 FY2026	317.00	324.00	−2.16%
Same-store sales	Q3 FY2026	3.90%	3.60%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Consumer Brands Group - net new stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Brands Group - total stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Paint Stores Group - net new stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Paint Stores Group - total stores	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Performance Coatings Group - net new branches	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Performance Coatings Group - total branches	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same-store sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.