SHW

MKT CAP:$83B

The Sherwin-Williams Company

Market Cap

$83B

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

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$336.03+$8.19 (+2.50%)

Apr 24, 2026

Company Details

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consum...

CEO

Heidi G. Petz

IPO Date

Mar 17, 1980

Website

www.sherwin-williams.com

Key Metrics TTM

Revenue

$23.6B

+2.1% YoY

Net Income

$2.6B

EPS (Diluted)

$10.27

Free Cash Flow

$2.7B

Revenue / Share

$94.75

Gross Margin

48.9%

Operating Margin

16.1%

Net Margin

10.9%

FCF Margin

11.3%

P/S

3.5x

P/E

32.4x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 19, 2026

$23.6B+2.1%EPS $10.27

Q4 2025

Feb 19, 2026

$5.6B+5.6%EPS $1.92

Q3 2025

Oct 28, 2025

$6.4B+3.2%EPS $3.35

Q2 2025

Jul 24, 2025

$6.3B+0.7%EPS $3.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$5.0B	$2.1B	$567M
Q2 22	$5.9B	$2.4B	$847M
Q3 22	$6.0B	$2.6B	$973M
Q4 22	$5.2B	$2.2B	$613M
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

Valuation

Quarter	P/S	P/E
Q1 22	3.2x	35.5x
Q2 22	2.8x	33.4x
Q3 22	2.5x	28.5x
Q4 22	2.7x	30.0x
Q1 23	2.6x	27.3x
Q2 23	2.9x	28.6x
Q3 23	2.8x	26.5x
Q4 23	3.3x	31.7x
Q1 24	3.7x	35.1x
Q2 24	3.2x	29.5x
Q3 24	4.2x	37.7x
Q4 24	3.7x	31.9x
Q1 25	3.8x	32.4x
Q2 25	3.7x	33.2x
Q3 25	3.6x	32.8x
Q4 25	3.4x	31.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$26M	-$80M
Q2 22	$613M	$484M
Q3 22	$639M	$464M
Q4 22	$641M	$407M
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

Quarter	CapEx
Q1 22	$106M
Q2 22	$130M
Q3 22	$175M
Q4 22	$234M
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

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+7.4%	+12.2%
Q2 22	+9.2%	+12.0%
Q3 22	+17.5%	+14.0%
Q4 22	+9.8%	+5.2%
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 22	$27M	0.5%
Q2 22	$27M	0.5%
Q3 22	$26M	0.4%
Q4 22	$20M	0.4%
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 22	$1.5B
Q2 22	$1.6B
Q3 22	$1.6B
Q4 22	$1.6B
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

Revenue Segments

Quarter	Consumer Group	Corporate And Eliminations	Global Finishes Group	The Americas Group	Paint Stores Group
Q1 22	$1.9B	-$1.3B	$1.7B	$2.6B	—
Q2 22	$2.2B	-$1.6B	$1.8B	$3.3B	—
Q3 22	$2.2B	-$1.6B	$1.8B	$3.6B	—
Q4 22	$1.8B	-$1.3B	$1.6B	$3.1B	—
Q1 23	$2.1B	-$1.3B	$1.8B	—	$2.9B
Q2 23	$2.4B	-$1.5B	$1.9B	—	$3.5B
Q3 23	$2.2B	-$1.4B	$1.8B	—	$3.5B
Q4 23	$1.9B	-$1.2B	$1.7B	—	$2.9B
Q1 24	$2.0B	-$1.2B	$1.7B	—	$2.9B
Q2 24	$2.3B	-$1.5B	$1.8B	—	$3.6B
Q3 24	$2.2B	-$1.4B	$1.7B	—	$3.7B
Q4 24	$1.9B	-$1.2B	$1.6B	—	$3.0B
Q1 25	$2.0B	-$1.2B	$1.6B	—	$2.9B
Q2 25	$2.3B	-$1.5B	$1.8B	—	$3.7B
Q3 25	$2.2B	-$1.5B	$1.8B	—	$3.8B
Q4 25	$2.1B	-$1.2B	$1.6B	—	$3.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$401M	$0	$401M
Q2 22	$313M	$0	$313M
Q3 22	$131M	$0	$131M
Q4 22	$199M	$0	$199M
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

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	263M	-0.6%	-2.8%
Q2 22	262M	-0.5%	-2.2%
Q3 22	261M	-0.3%	-2.1%
Q4 22	260M	-0.3%	-1.6%
Q1 23	260M	-0.3%	-1.3%
Q2 23	259M	-0.3%	-1.1%
Q3 23	257M	-0.8%	-1.6%
Q4 23	257M	0.0%	-1.3%
Q1 24	256M	-0.4%	-1.5%
Q2 24	254M	-0.6%	-1.8%
Q3 24	254M	-0.1%	-1.2%
Q4 24	254M	+0.1%	-1.1%
Q1 25	253M	-0.6%	-1.3%
Q2 25	252M	-0.2%	-0.9%
Q3 25	249M	-1.2%	-1.9%
Q4 25	249M	-0.1%	-2.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$81.1K	62K
Q2 22	$95.3K	62K
Q3 22	$98.1K	62K
Q4 22	$81.3K	64K
Q1 23	$84.6K	64K
Q2 23	$97.0K	64K
Q3 23	$95.0K	64K
Q4 23	$82.0K	64K
Q1 24	$83.7K	64K
Q2 24	$97.9K	64K
Q3 24	$96.2K	64K
Q4 24	$82.9K	64K
Q1 25	$83.0K	64K
Q2 25	$98.8K	64K
Q3 25	$99.5K	64K
Q4 25	$87.1K	64K

Revenue / Employee