The Sherwin-Williams Company (SHW) — Financial statements
Income statement, balance sheet, and cash flow for The Sherwin-Williams Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 23,574↑2.1% | 23,099↑0.2% | 23,052↑4.1% | 22,149↑11.1% | 19,945 | |
| Cost of Revenue | 12,038↑1.1% | 11,903↓3.2% | 12,294↓4.1% | 12,824↑12.5% | 11,402 | |
| Gross Profit | 11,536↑3.0% | 11,195↑4.1% | 10,758↑15.4% | 9,325↑9.2% | 8,543 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 7,710↑3.7% | 7,435↑5.1% | 7,071↑11.7% | 6,332↑7.6% | 5,882 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 7,710↑3.7% | 7,435↑5.1% | 7,071↑11.7% | 6,332↑7.6% | 5,882 | |
| Other Expenses | 21↑1738.5% | -1↓101.6% | 81↑1236.6% | -7↓77.5% | -4 | |
| Operating Expenses | 7,731↑4.0% | 7,433↑3.9% | 7,152↑13.1% | 6,325↑7.6% | 5,878 | |
| Total Costs & Expenses | 19,770↑2.2% | 19,337↓0.6% | 19,446↑1.6% | 19,148↑10.8% | 17,280 | |
| Operating Results | ||||||
| Operating Income | 3,805↑1.1% | 3,762↑4.3% | 3,606↑20.2% | 3,001↑12.6% | 2,665 | |
| Depreciation & Amortization | 589↓5.6% | 624↑0.2% | 623↑7.1% | 581↑1.5% | 573 | |
| EBITDA | 4,396↓2.1% | 4,492↑8.2% | 4,150↑17.1% | 3,545↑12.3% | 3,156 | |
| EBIT | 3,807↓1.6% | 3,868↑9.6% | 3,527↑19.0% | 2,964↑14.7% | 2,583 | |
| Interest & Other Income | ||||||
| Net Interest Income | -458↓8.9% | -420↓3.2% | -407↓3.1% | -395↓16.1% | -340 | |
| Interest Income | 11↑1.8% | 11↓56.3% | 25↑215.0% | 8↑63.3% | 5 | |
| Interest Expense | 469↑8.7% | 431↓0.3% | 433↑7.3% | 403↑16.8% | 345 | |
| Non-Operating Income | -2↑97.8% | -106↓233.7% | 79↑115.3% | 37↓54.9% | 81 | |
| Other Income / Expenses | -467↓50.5% | -310↑37.5% | -497↓16.1% | -428↓2.7% | -416 | |
| Income Before Tax | 3,338↓3.3% | 3,452↑11.0% | 3,110↑20.9% | 2,573↑14.4% | 2,249 | |
| Income Tax Expense | 770↓0.1% | 770↑6.8% | 721↑30.4% | 553↑43.9% | 384 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,569↓4.2% | 2,681↑12.2% | 2,389↑18.3% | 2,020↑8.4% | 1,864 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,569↓4.2% | 2,681↑12.2% | 2,389↑18.3% | 2,020↑8.4% | 1,864 | |
| Bottom-Line Net Income | 2,569↓4.2% | 2,681↑12.2% | 2,389↑18.3% | 2,020↑8.4% | 1,864 | |
| EPS (Basic) | 10.38↓2.8% | 10.68↑14.2% | 9.35↑19.4% | 7.83↑10.3% | 7.10 | |
| EPS (Diluted) | 10.27↓2.7% | 10.55↑14.1% | 9.25↑19.8% | 7.72↑10.6% | 6.98 | |
| Weighted Average Shares | 246↓3.0% | 254↓0.5% | 255↓1.0% | 258↓1.7% | 263 | |
| Weighted Average Diluted Shares | 249↓2.1% | 254↓1.6% | 258↓1.3% | 262↓2.0% | 267 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.