Sherwin-Williams (SHW) financials
Sherwin-Williams revenue and earnings by year
Sherwin-Williams's revenue was $23.6 billion in the fiscal year to December 31, 2025, up 2.1% from the year before. Net income was $2.57 billion, 10.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.6 | 23.1 | 23.1 | 22.1 | 19.9 | 18.4 | 17.9 | 17.5 | 15.0 | 11.9 |
| Revenue growth | 2.1% | 0.2% | 4.1% | 11.1% | 8.6% | 2.6% | 2.1% | 17.0% | 26.4% | — |
| Gross profit | 11.5 | 11.2 | 10.8 | 9.3 | 8.5 | 8.7 | 8.0 | 7.4 | 6.7 | 5.9 |
| Gross margin | 48.8% | 48.5% | 46.7% | 42.1% | 42.8% | 47.3% | 44.9% | 42.3% | 44.8% | 49.9% |
| Operating income | 3.8 | 3.8 | 3.6 | 3.0 | 2.6 | 2.9 | 2.3 | 1.9 | 1.7 | 1.7 |
| Operating margin | 16.2% | 16.5% | 15.5% | 13.6% | 12.8% | 15.6% | 12.8% | 10.7% | 11.3% | 14.6% |
| Net income | 2.6 | 2.7 | 2.4 | 2.0 | 1.9 | 2.0 | 1.5 | 1.1 | 1.7 | 1.1 |
| Net margin | 10.9% | 11.6% | 10.4% | 9.1% | 9.3% | 11.1% | 8.6% | 6.3% | 11.5% | 9.6% |
| Diluted EPS | $10.26 | $10.55 | $9.25 | $7.72 | $6.96 | $7.35 | $5.49 | $3.89 | $6.05 | $3.99 |
| Free cash flow | 2.7 | 2.1 | 2.6 | 1.3 | 1.9 | 3.1 | 2.0 | 1.7 | 1.7 | 1.1 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SHW in Markets.
See also: SHW valuation and P/E history · SHW returns
No forecast, no recommendation. This page describes Sherwin-Williams from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.