Sherwin-Williams Company (The) (SHW) Financial Statements

Sherwin-Williams Company (The)

SHW · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$23.57B	$23.10B	$23.05B	$22.15B	$19.94B	$18.36B	$17.90B	$17.53B
Cost of Revenue	$12.06B	$11.90B	$12.29B	$12.82B	$11.40B	$9.68B	$9.86B	$10.12B
Gross Profit	$11.52B	$11.20B	$10.76B	$9.33B	$8.54B	$8.68B	$8.04B	$7.42B
Research & Development	—	—	—	—	—	—	—	$51.92M
Selling, General & Administrative	$7.70B	$7.42B	$7.07B	$6.33B	$5.88B	$5.48B	$5.27B	$5.03B
Operating Income	—	—	$4.16B	$3.40B	$3.08B	$3.37B	$2.81B	$2.61B
Interest Expense	$396.20M	$354.70M	$417.50M	$390.80M	$334.70M	$340.40M	$349.30M	$366.70M
Other Income / (Expense)	-$20.90M	$44.70M	-$65.50M	-$47.00M	$19.50M	-$5.30M	-$16.70M	-$20.10M
Income Before Taxes	$3.34B	$3.45B	$3.11B	$2.57B	$2.25B	$2.52B	$1.98B	$1.36B
Provision for Income Taxes	$769.70M	$770.40M	$721.10M	$553.00M	$384.20M	$488.80M	$440.50M	$251.00M
Net Income	$2.57B	$2.68B	$2.39B	$2.02B	$1.86B	$2.03B	$1.54B	$1.11B
Basic EPS	$10.37	$10.68	$9.35	$7.83	$7.10	$7.48	$5.60	$11.92
Diluted EPS	$10.26	$10.55	$9.25	$7.72	$6.98	$7.36	$5.50	$11.67
Basic Shares Outstanding	247.60M	251.00M	255.40M	258.00M	262.50M	271.30M	275.40M	92.99M
Diluted Shares Outstanding	250.40M	254.10M	258.30M	261.80M	267.10M	275.80M	280.30M	94.99M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$12.08	$11.99	$12.15	8	↑7 ↓1
Dec 2027	$13.76	$13.30	$14.15	8	↑7 ↓0
Dec 2028	$15.21	$14.60	$16.00	4	↑3 ↓0
Dec 2029	$16.97	$16.97	$16.97	1	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: SHW
Type: Stock
Sector: Consumer Discretionary
Industry: RETAIL: Building Materials
Country: North America
Exchange: NYSE

Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers and industrial distributors.

Key Issues

Bullish view

Pricing actions and cost management could protect profitability if input costs remain contained, supporting earnings even without strong volume growth.

Bearish view

Commodity cost concerns and weaker demand could offset pricing benefits, particularly if customers resist further increases or volumes decline.

Analyst Consensus

See all

Buy

23 analysts

$366

Current

—

Low

$385

Average

—

High

Average target implies +5.07% versus the current price.

Earnings History

BeatMissNo estimate

Peers

DoorDash, Inc.DASH · NASDAQ-GS$206.53