SHW
Sherwin-Williams Co
NYSE: SHW · BASIC MATERIALS · SPECIALTY CHEMICALS
$321.61
+1.18% today
Updated 2026-04-30
Market cap
$83.67B
P/E ratio
32.88
P/S ratio
3.55x
EPS (TTM)
$10.27
Dividend yield
0.94%
52W range
$302 – $378
Volume
1.7M
Sherwin-Williams Co (SHW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.81B | $8.01B | $7.98B | $7.09B | $7.78B | $8.77B | $9.53B | $10.19B | $11.13B | $11.34B | $11.86B | $14.98B | $17.53B | $17.90B | $18.36B | $19.94B | $22.15B | $23.05B | $23.10B | $23.57B |
| Revenue growth (YoY) | — | +2.5% | -0.3% | -11.1% | +9.6% | +12.7% | +8.8% | +6.8% | +9.3% | +1.9% | +4.6% | +26.4% | +17.0% | +2.1% | +2.6% | +8.6% | +11.1% | +4.1% | +0.2% | +2.1% |
| Cost of revenue | $4.40B | $4.41B | $4.48B | $3.83B | $4.30B | $5.02B | $5.33B | $5.57B | $5.97B | $5.78B | $5.93B | $8.27B | $10.12B | $9.86B | $9.68B | $11.40B | $12.82B | $12.29B | $11.90B | $12.04B |
| Gross profit | $3.41B | $3.60B | $3.50B | $3.26B | $3.48B | $3.74B | $4.21B | $4.62B | $5.16B | $5.56B | $5.92B | $6.72B | $7.42B | $8.04B | $8.68B | $8.54B | $9.33B | $10.76B | $11.20B | $11.54B |
| Gross margin | 43.7% | 45.0% | 43.8% | 46.0% | 44.8% | 42.7% | 44.1% | 45.3% | 46.4% | 49.0% | 49.9% | 44.8% | 42.3% | 44.9% | 47.3% | 42.8% | 42.1% | 46.7% | 48.5% | 48.9% |
| R&D | $36.88M | $37.27M | $37.47M | $40.42M | $39.88M | $41.72M | $44.65M | $47.04M | $50.02M | $57.67M | $58.04M | $58.47M | $51.92M | $103.10M | $97.10M | $115.90M | $119.30M | $196.60M | — | — |
| SG&A | $2.51B | $2.60B | $2.64B | $2.57B | $2.73B | $2.96B | $3.26B | $3.47B | $3.82B | $3.89B | $4.14B | $4.80B | $5.03B | $5.27B | $5.48B | $5.88B | $6.33B | $7.05B | $7.43B | $7.71B |
| Operating income | $901.71M | $984.28M | $835.90M | $694.77M | $745.87M | $774.65M | $939.84M | $1.15B | $1.31B | $1.61B | $1.71B | $1.70B | $1.89B | $2.43B | $2.85B | $2.66B | $3.00B | $3.69B | $3.76B | $3.80B |
| Operating margin | 11.5% | 12.3% | 10.5% | 9.8% | 9.6% | 8.8% | 9.9% | 11.3% | 11.7% | 14.2% | 14.4% | 11.3% | 10.8% | 13.5% | 15.5% | 13.4% | 13.5% | 16.0% | 16.3% | 16.1% |
| EBITDA | $1.05B | $1.15B | $945.67M | $833.75M | $923.69M | $964.95M | $1.13B | $1.34B | $1.52B | $1.81B | $1.95B | $2.22B | $2.32B | $2.91B | $3.44B | $3.16B | $3.54B | $3.69B | $4.49B | $4.40B |
| EBITDA margin | 13.4% | 14.3% | 11.9% | 11.8% | 11.9% | 11.0% | 11.8% | 13.1% | 13.7% | 16.0% | 16.4% | 14.8% | 13.2% | 16.2% | 18.8% | 15.8% | 16.0% | 16.0% | 19.4% | 18.6% |
| EBIT | $901.71M | $984.57M | $780.16M | $662.84M | $748.38M | $784.04M | $950.10M | $1.15B | $1.32B | $1.61B | $1.75B | $1.73B | $1.73B | $2.33B | $2.86B | $2.58B | $2.96B | $3.69B | $3.87B | $3.81B |
| Interest expense | $67.16M | $71.63M | $65.68M | $40.03M | $70.59M | $42.50M | $42.79M | $59.51M | $64.20M | $72.88M | $89.91M | $273.31M | $376.39M | $360.00M | $350.80M | $345.00M | $403.00M | $417.50M | $431.40M | $468.90M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $576.06M | $615.58M | $476.88M | $435.85M | $462.49M | $441.86M | $680.20M | $752.56M | $865.89M | $1.05B | $1.13B | $1.77B | $1.11B | $1.54B | $2.03B | $1.86B | $2.02B | $2.39B | $2.68B | $2.57B |
| Net income growth (YoY) | — | +6.9% | -22.5% | -8.6% | +6.1% | -4.5% | +53.9% | +10.6% | +15.1% | +21.7% | +7.5% | +56.5% | -37.4% | +39.0% | +31.7% | -8.2% | +8.4% | +18.3% | +12.2% | -4.2% |
| Profit margin | 7.4% | 7.7% | 6.0% | 6.1% | 5.9% | 5.0% | 7.1% | 7.4% | 7.8% | 9.3% | 9.6% | 11.8% | 6.3% | 8.6% | 11.1% | 9.3% | 9.1% | 10.4% | 11.6% | 10.9% |