Saturday 17 October 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. 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%

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Market cap: $81.8B
P/E: 30.6×
Fwd P/E: 28.0×
Dividend yield: 0.95%
F-score: 6/9
Altman Z: 3.67
Beneish M: −2.50
Dividend safety: 89/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 9.65

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	2	—	—	—	—	—	2	—	—

Insider Ownership 6.89%

Capital & Financial Ratios $m

Market Cap 81,790.00

Revenue 24,410.30

Net Income 2,688.20

Free Cash Flow 3,229.50

Net Debt 11,778.60

Current Ratio 0.73

Debt/Equity 3.13

P/E ratio 30.58

Fwd P/E 28.00

P/S ratio 3.35

P/B ratio 21.21

Past 5Y EPS Growth 6.87%

This Y EPS Growth 5.88%

Next Y EPS Growth 11.77%

Next Y revenue growth 6.56%

Next 5Y EPS Growth 9.51%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 39.99%

10-year low 10-year high

P/S against its own 10 years 63.44%

10-year low 10-year high

P/B against its own 10 years 66.68%

10-year low 10-year high

EV/Sales against its own 10 years 64.65%

10-year low 10-year high

EV/FCF against its own 10 years 34.80%

10-year low 10-year high

Dividends

Payout Ratio 0.29

Annual Dividend Rate 3.19

Annual Dividend Yield 0.95%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.21	0.80 0.80 0.80
2025	3.16	0.79 0.79 0.79 0.79
2024	2.86	0.72 0.72 0.72 0.72
2023	2.42	0.61 0.61 0.61 0.61
2022	2.40	0.60 0.60 0.60 0.60
2021	2.20	0.55 0.55 0.55 0.55
2020	1.79	0.45 0.45 0.45 0.45
2019	1.51	0.38 0.38 0.38 0.38
2018	1.15	0.29 0.29 0.29 0.29
2017	1.13	0.28 0.28 0.28 0.28
2016	1.12	0.28 0.28 0.28 0.28

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	277	210	207	294
Receivables	2,468	2,389	2,791	3,571
Inventory	2,330	2,288	2,318	2,530
Other	438	514	691	605
	5,513	5,401	6,007	6,999

	2023	2024	2025	Q'26
Payables	2,315	2,253	2,354	2,826
ST’ Debt	1,473	1,712	1,551	3,745
Other	863	843	839	768
	6,627	6,809	6,920	9,627

Compound Annual Growth %

	10y	5y	3y
Sales	7.59%	5.12%	2.10%
Cash Flow	9.08%	0.25%	21.59%
Earnings	9.32%	4.81%	8.34%
Book Value	18.14%	4.95%	14.02%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,667	6,789	—	—	—
’25	5,306	6,315	6,358	5,596	23,574
’24	5,367	6,272	6,163	5,297	23,099
’23	5,442	6,241	6,117	5,252	23,052
’22	4,999	5,872	6,047	5,231	22,149
’21	4,656	5,380	5,147	4,762	19,945
’20	4,147	4,604	5,122	4,489	18,362

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	139	1,348	—	—	—
’25	(61)	1,113	1,308	1,093	3,452
’24	(59)	1,203	1,075	935	3,153
’23	88	1,206	1,309	919	3,522
’22	26	613	639	641	1,920
’21	196	1,006	849	194	2,245
’20	55	1,020	1,489	845	3,409

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1	1,245	—	—	—
’25	(250)	931	1,111	873	2,665
’24	(343)	961	839	637	2,095
’23	(122)	1,048	1,158	620	2,704
’22	(69)	488	483	407	1,309
’21	132	931	754	70	1,887
’20	(49)	1,007	1,452	757	3,166

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.15	3.43	—	—	—
’25	2.00	3.00	3.35	1.92	10.26
’24	1.97	3.50	3.18	1.90	10.55
’23	1.84	3.07	2.95	1.39	9.25
’22	1.41	2.21	2.62	1.48	7.72
’21	1.51	2.42	1.88	1.15	6.98
’20	1.15	2.16	2.55	1.49	7.36

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	78.32	90.10	118.43	123.67	108.48	218.06	195.24	205.43	282.09	308.84	Analyst estimates 2026–2028 Powerpack
	High	104.16	138.58	159.88	199.00	252.67	354.15	350.39	314.14	400.42	379.65
People
People	Employees	42,550	52,695	53,368	61,111	61,031	61,626	64,366	64,088	63,890	64,249
	Revenue/emp, $m	0.28	0.28	0.33	0.29	0.30	0.32	0.34	0.36	0.36	0.37
Income, $m
Income, $m	Revenue	11,856	14,984	17,535	17,901	18,362	19,945	22,149	23,052	23,099	23,574
	Gross margin, %	49.94	44.84	42.31	44.89	47.29	42.83	42.10	46.67	48.47	48.85
	EBT	1,595	1,469	1,360	1,982	2,519	2,249	2,573	3,110	3,452	3,338
	EBT margin, %	13.46	9.81	7.75	11.07	13.72	11.27	11.62	13.49	14.94	14.16
	Net income	1,133	1,728	1,109	1,541	2,030	1,864	2,020	2,389	2,681	2,569
	Depreciation	272	616	608	706	591	626	620	688	699	781
Per share, $
Per share, $	Revenue	43.03	53.76	62.85	65.00	67.68	75.98	85.85	90.26	92.03	95.21
	Earnings	4.11	6.36	3.97	5.60	7.48	7.10	7.83	9.35	10.68	10.37
	Cash flow	4.75	6.76	6.97	8.43	12.56	8.55	7.44	13.79	12.56	13.94
	Capex	(0.73)	(0.63)	(0.76)	(1.17)	(0.90)	(1.36)	(2.37)	(3.20)	(4.22)	(3.18)
	Free cash flow	4.02	6.13	6.21	7.26	11.67	7.19	5.07	10.59	8.35	10.76
	Book value	6.82	13.09	13.37	14.97	13.31	9.28	12.02	14.55	16.14	18.57
	Shares, m	276	279	279	275	271	263	258	255	251	248
Valuation, ×
Valuation, ×	P/E	22.63	21.73	33.04	34.76	32.72	49.60	30.57	32.61	31.80	31.22
	P/S	2.13	2.57	2.09	2.99	3.62	4.63	2.79	3.38	3.69	3.40
	P/B	13.42	10.54	9.81	12.99	18.41	37.93	19.91	20.96	21.06	17.45
	EV/Sales	2.22	3.25	2.61	3.47	4.06	5.11	3.26	3.79	4.11	3.86
	EV/FCF	23.71	28.54	26.44	31.06	23.54	53.99	55.12	32.35	45.35	34.11
Cash, $m
Cash, $m	Operating cash flow	1,309	1,884	1,944	2,321	3,409	2,245	1,920	3,522	3,153	3,452
	Capex	(201)	(176)	(213)	(322)	(243)	(357)	(611)	(818)	(1,058)	(787)
	Free cash flow	1,108	1,708	1,731	1,999	3,166	1,887	1,309	2,704	2,095	2,665
Balance, $m
Balance, $m	Working capital	798	420	47	110	(3)	(666)	(53)	(1,114)	(1,408)	(913)
	Total debt	1,953	10,521	9,344	8,685	8,292	9,615	10,570	9,851	9,888	10,871
	Net debt	1,063	10,316	9,188	8,523	8,066	9,449	10,371	9,574	9,678	10,664
	Shareholders’ equity	1,878	3,648	3,731	4,123	3,611	2,437	3,102	3,716	4,051	4,598
Returns, %
Returns, %	ROA	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
	ROE	82.49	62.53	30.05	39.25	52.51	61.65	72.94	70.07	69.05	59.39

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LIN Linde PLC	$227.4B	32.0×	30.9×	+9.35% (above 0%: growing)	+11.20% (above 0%: growing)	−12.68% (below 0%: shrinking)	47.67%	27.49%	Compare
SHW The Sherwin-Williams Company	$81.8B	30.6×	28.0×	+7.52% (above 0%: growing)	+13.82% (above 0%: growing)	+33.68% (above 0%: growing)	49.17%	18.13%
ECL Ecolab Inc.	$81.5B	38.3×	32.3×	+9.69% (above 0%: growing)	+3.24% (above 0%: growing)	−2.91% (below 0%: shrinking)	44.07%	17.16%	Compare
APD Air Products and Chemicals, Inc.	$66.1B	— (loss-making)	21.5×	+4.58% (above 0%: growing)	n/m	+180.09% (above 0%: growing)	32.77%	(66.34%)	Compare
PPG PPG Industries, Inc.	$24.0B	15.3×	15.5×	+7.15% (above 0%: growing)	−1.01% (below 0%: shrinking)	+67.67% (above 0%: growing)	40.22%	14.15%	Compare
IFF International Flavors & Fragrances Inc.	$23.0B	83.2×	29.3×	+1.82% (above 0%: growing)	−91.63% (below 0%: shrinking)	+94.52% (above 0%: growing)	43.65%	8.09%	Compare
LYB LyondellBasell Industries N.V.	$20.2B	— (loss-making)	6.4×	+19.84% (above 0%: growing)	+388.57% (above 0%: growing)	+356.38% (above 0%: growing)	22.21%	16.81%	Compare
DD DuPont de Nemours, Inc.	$17.8B	290×	26.5×	+4.00% (above 0%: growing)	+150.00% (above 0%: growing)	+1,250.00% (above 0%: growing)	35.13%	16.38%	Compare
RPM RPM International Inc.	$12.8B	18.4×	18.3×	+4.82% (above 0%: growing)	+13.75% (above 0%: growing)	+33.14% (above 0%: growing)	41.25%	15.99%	Compare
Median of peers	$23.5B	35.2×	24.0×	+5.99%	+11.20%	+81.10%	40.74%	16.19%

All 60 Specialty Chemicals stocks →

The Sherwin-Williams Company (SHW) key facts

Concern: Net income was $2.6 billion, or $10.37 per share (basic), a net margin of 10.9%.
Strength: The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024.
The Sherwin-Williams Company (SHW) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, SHW traded at $335.20, a market capitalization of $81.8 billion.
At that price the stock trades at 30.6× trailing-twelve-month earnings and 3.3× sales; its P/E is higher than 40% of its own readings over the past ten years.
The Sherwin-Williams Company pays an annual dividend of $3.19 per share, a yield of 0.95%, with a payout ratio of 29.4%.
Return on equity was 59.4% and debt-to-equity 3.13.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.67 (safe zone) for fiscal 2025.