SHW (The Sherwin-Williams Company) Stock Financials & Earnings | Market Cap Arena

SHW (The Sherwin-Williams Company) Stock Financials & Earnings | Market Cap Arena

SHWThe Sherwin-Williams Company

Mkt Cap$83B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Revenue (TTM)$23.6B

Net Income (TTM)$2.6B

EPS (TTM)$10.27

Free Cash Flow (TTM)$2.7B

Gross Margin48.9%

Op. Margin16.1%

Net Margin10.9%

FCF Margin11.3%

P/S Ratio (TTM)3.5x

P/E Ratio (TTM)32.2x

YoY Rev Growth+2.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$5.4B	$2.4B	$713M
Q2 23	$6.2B	$2.9B	$1.1B
Q3 23	$6.1B	$2.9B	$1.1B
Q4 23	$5.3B	$2.5B	$675M
Q1 24	$5.4B	$2.5B	$726M
Q2 24	$6.3B	$3.1B	$1.2B
Q3 24	$6.2B	$3.0B	$1.1B
Q4 24	$5.3B	$2.6B	$674M
Q1 25	$5.3B	$2.6B	$754M
Q2 25	$6.3B	$3.1B	$1.1B
Q3 25	$6.4B	$3.1B	$1.2B
Q4 25	$5.6B	$2.7B	$779M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.7x	38.9x
Q2 23	3.6x	35.3x
Q3 23	3.6x	34.2x
Q4 23	3.6x	34.6x
Q1 24	3.6x	34.2x
Q2 24	3.6x	32.9x
Q3 24	3.6x	32.3x
Q4 24	3.6x	30.8x
Q1 25	3.6x	30.9x
Q2 25	3.6x	32.5x
Q3 25	3.6x	32.2x
Q4 25	3.5x	32.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$88M	-$122M
Q2 23	$1.2B	$1.0B
Q3 23	$1.3B	$1.2B
Q4 23	$919M	$599M
Q1 24	-$59M	-$343M
Q2 24	$1.2B	$952M
Q3 24	$1.1B	$839M
Q4 24	$935M	$635M
Q1 25	-$61M	-$250M
Q2 25	$1.1B	$931M
Q3 25	$1.3B	$1.1B
Q4 25	$1.1B	$862M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$210M
Q2 23	$206M
Q3 23	$153M
Q4 23	$320M
Q1 24	$284M
Q2 24	$251M
Q3 24	$235M
Q4 24	$300M
Q1 25	$189M
Q2 25	$182M
Q3 25	$196M
Q4 25	$230M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+8.9%	+6.7%
Q2 23	+6.3%	+2.1%
Q3 23	+1.1%	-1.3%
Q4 23	+0.4%	-0.9%
Q1 24	-1.4%	-1.9%
Q2 24	+0.5%	-1.8%
Q3 24	+0.7%	+0.5%
Q4 24	+0.9%	+1.0%
Q1 25	-1.1%	-1.9%
Q2 25	+0.7%	+3.5%
Q3 25	+3.2%	+3.1%
Q4 25	+5.6%	+4.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$23M	0.4%
Q2 23	$24M	0.4%
Q3 23	$27M	0.4%
Q4 23	$43M	0.8%
Q1 24	$25M	0.5%
Q2 24	$30M	0.5%
Q3 24	$28M	0.5%
Q4 24	$56M	1.0%
Q1 25	$27M	0.5%
Q2 25	$34M	0.5%
Q3 25	$31M	0.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$1.7B
Q2 23	$1.8B
Q3 23	$1.8B
Q4 23	$1.8B
Q1 24	$1.8B
Q2 24	$1.8B
Q3 24	$1.9B
Q4 24	$1.9B
Q1 25	$1.8B
Q2 25	$2.0B
Q3 25	$2.0B
Q4 25	$1.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$151M	$0	$151M
Q2 23	$209M	$0	$209M
Q3 23	$503M	$0	$503M
Q4 23	$277M	$0	$277M
Q1 24	$180M	$0	$180M
Q2 24	$200M	$0	$200M
Q3 24	$238M	$0	$238M
Q4 24	$210M	$0	$210M
Q1 25	$200M	$0	$200M
Q2 25	$270M	$0	$270M
Q3 25	$242M	$0	$242M
Q4 25	$207M	$0	$207M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	260M	-0.3%
Q2 23	259M	-0.3%
Q3 23	257M	-0.8%
Q4 23	257M	+0.0%
Q1 24	256M	-0.4%
Q2 24	254M	-0.6%
Q3 24	254M	-0.1%
Q4 24	254M	+0.1%
Q1 25	253M	-0.6%
Q2 25	252M	-0.2%
Q3 25	249M	-1.2%
Q4 25	249M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$281K	40K
FY 15	$279K	41K
FY 16	$279K	43K
FY 17	$284K	53K
FY 18	$329K	53K
FY 19	$293K	61K
FY 20	$301K	61K
FY 21	$324K	62K
FY 22	$344K	64K
FY 23	$360K	64K
FY 24	$362K	64K
FY 25	$367K	64K