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Stocks · Consumer discretionary · Retail-Building Materials, Hardware, Garden Supply

Sherwin-Williams

SHW Clue Score50
United States Fiscal year ends December CIK 0000089800
$319.36 -0.52% Close, 9 Oct 2026
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Price $319.36 +10.78% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue11.86Operating income2.16Net income1.13EPS, diluted11.99Fiscal year 2017Revenue14.98 +26.4%Operating income2.24Net income1.73 +52.5%EPS, diluted18.20Fiscal year 2018Revenue17.53 +17.0%Operating income2.61Net income1.11 −35.8%EPS, diluted11.67Fiscal year 2019Revenue17.90 +2.1%Operating income2.81Net income1.54 +39.0%EPS, diluted5.50Fiscal year 2020Revenue18.36 +2.6%Operating income3.37Net income2.03 +31.7%EPS, diluted7.36Fiscal year 2021Revenue19.94 +8.6%Operating income3.08Net income1.86 −8.2%EPS, diluted6.98Fiscal year 2022Revenue22.15 +11.1%Operating income3.40Net income2.02 +8.4%EPS, diluted7.72Fiscal year 2023Revenue23.05 +4.1%Operating income4.16Net income2.39 +18.3%EPS, diluted9.25Fiscal year 2024Revenue23.10 +0.2%Net income2.68 +12.2%EPS, diluted10.55Fiscal year 2025Revenue23.57 +2.1%Net income2.57 −4.2%EPS, diluted10.26
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.86 14.98 17.53 17.90 18.36 19.94 22.15 23.05 23.10 23.57
Growth +26.4% +17.0% +2.1% +2.6% +8.6% +11.1% +4.1% +0.2% +2.1%
Operating income 2.16 2.24 2.61 2.81 3.37 3.08 3.40 4.16 n/a n/a
Net income 1.13 1.73 1.11 1.54 2.03 1.86 2.02 2.39 2.68 2.57
Growth +52.5% −35.8% +39.0% +31.7% −8.2% +8.4% +18.3% +12.2% −4.2%
EPS, diluted 11.99 18.20 11.67 5.50 7.36 6.98 7.72 9.25 10.55 10.26

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin49.9%Operating margin18.3%Net margin9.6%Free cash flow margin9.0%Fiscal year 2017Gross margin44.8%Operating margin14.9%Net margin11.5%Free cash flow margin11.1%Fiscal year 2018Gross margin42.3%Operating margin14.9%Net margin6.3%Free cash flow margin9.7%Fiscal year 2019Gross margin44.9%Operating margin15.7%Net margin8.6%Free cash flow margin11.1%Fiscal year 2020Gross margin47.3%Operating margin18.4%Net margin11.1%Free cash flow margin16.9%Fiscal year 2021Gross margin42.8%Operating margin15.5%Net margin9.3%Free cash flow margin9.4%Fiscal year 2022Gross margin42.1%Operating margin15.3%Net margin9.1%Free cash flow margin5.8%Fiscal year 2023Gross margin46.7%Operating margin18.1%Net margin10.4%Free cash flow margin11.4%Fiscal year 2024Gross margin48.5%Net margin11.6%Free cash flow margin9.0%Fiscal year 2025Gross margin48.8%Net margin10.9%Free cash flow margin11.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 49.9% 44.8% 42.3% 44.9% 47.3% 42.8% 42.1% 46.7% 48.5% 48.8%
Operating margin 18.3% 14.9% 14.9% 15.7% 18.4% 15.5% 15.3% 18.1% n/a n/a
Net margin 9.6% 11.5% 6.3% 8.6% 11.1% 9.3% 9.1% 10.4% 11.6% 10.9%
Free cash flow margin 9.0% 11.1% 9.7% 11.1% 16.9% 9.4% 5.8% 11.4% 9.0% 11.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.31Capital expenditure−0.24Free cash flow1.07Dividends paid−0.31Fiscal year 2017Operating cash flow1.88Capital expenditure−0.22Free cash flow1.66 +55.3%Dividends paid−0.32Fiscal year 2018Operating cash flow1.94Capital expenditure−0.25Free cash flow1.69 +1.9%Dividends paid−0.32Fiscal year 2019Operating cash flow2.32Capital expenditure−0.33Free cash flow1.99 +17.7%Dividends paid−0.42Fiscal year 2020Operating cash flow3.41Capital expenditure−0.30Free cash flow3.10 +55.8%Dividends paid−0.49Fiscal year 2021Operating cash flow2.24Capital expenditure−0.37Free cash flow1.87 −39.7%Dividends paid−0.59Fiscal year 2022Operating cash flow1.92Capital expenditure−0.64Free cash flow1.28 −31.9%Dividends paid−0.62Fiscal year 2023Operating cash flow3.52Capital expenditure−0.89Free cash flow2.63 +106.5%Dividends paid−0.62Fiscal year 2024Operating cash flow3.15Capital expenditure−1.07Free cash flow2.08 −20.9%Dividends paid−0.72Fiscal year 2025Operating cash flow3.45Capital expenditure−0.80Free cash flow2.65 +27.4%Dividends paid−0.79
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.31 1.88 1.94 2.32 3.41 2.24 1.92 3.52 3.15 3.45
Capital expenditure −0.24 −0.22 −0.25 −0.33 −0.30 −0.37 −0.64 −0.89 −1.07 −0.80
Free cash flow 1.07 1.66 1.69 1.99 3.10 1.87 1.28 2.63 2.08 2.65
Growth +55.3% +1.9% +17.7% +55.8% −39.7% −31.9% +106.5% −20.9% +27.4%
Dividends paid −0.31 −0.32 −0.32 −0.42 −0.49 −0.59 −0.62 −0.62 −0.72 −0.79

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.89Total debt1.91Net cash (debt)−1.02Shareholders’ equity1.88Debt to equity1.02Fiscal year 2017Cash0.20Total debt9.89Net cash (debt)−9.68Shareholders’ equity3.65Debt to equity2.71Fiscal year 2018Cash0.16Total debt9.02Net cash (debt)−8.86Shareholders’ equity3.73Debt to equity2.42Fiscal year 2019Cash0.16Total debt8.48Net cash (debt)−8.32Shareholders’ equity4.12Debt to equity2.06Fiscal year 2020Cash0.23Total debt8.29Net cash (debt)−8.07Shareholders’ equity3.61Debt to equity2.30Fiscal year 2021Cash0.17Total debt8.85Net cash (debt)−8.69Shareholders’ equity2.44Debt to equity3.63Fiscal year 2022Cash0.20Total debt9.59Net cash (debt)−9.39Shareholders’ equity3.10Debt to equity3.09Fiscal year 2023Cash0.28Total debt9.48Net cash (debt)−9.20Shareholders’ equity3.72Debt to equity2.55Fiscal year 2024Cash0.21Total debt9.23Net cash (debt)−9.02Shareholders’ equity4.05Debt to equity2.28Fiscal year 2025Cash0.21Total debt9.67Net cash (debt)−9.46Shareholders’ equity4.60Debt to equity2.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.89 0.20 0.16 0.16 0.23 0.17 0.20 0.28 0.21 0.21
Total debt 1.91 9.89 9.02 8.48 8.29 8.85 9.59 9.48 9.23 9.67
Net cash (debt) −1.02 −9.68 −8.86 −8.32 −8.07 −8.69 −9.39 −9.20 −9.02 −9.46
Shareholders’ equity 1.88 3.65 3.73 4.12 3.61 2.44 3.10 3.72 4.05 4.60
Debt to equity 1.02 2.71 2.42 2.06 2.30 3.63 3.09 2.55 2.28 2.10

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
49.9% 44.8% 42.3% 44.9% 47.3% 42.8% 42.1% 46.7% 48.5% 48.8%
18.3% 14.9% 14.9% 15.7% 18.4% 15.5% 15.3% 18.1% n/a n/a
13.5% 9.8% 7.8% 11.1% 13.7% 11.3% 11.6% 13.5% 14.9% 14.2%
9.6% 11.5% 6.3% 8.6% 11.1% 9.3% 9.1% 10.4% 11.6% 10.9%
9.0% 11.1% 9.7% 11.1% 16.9% 9.4% 5.8% 11.4% 9.0% 11.3%
Spending
0.5% 0.4% 0.3% n/a n/a n/a n/a n/a n/a n/a
34.9% 32.0% 28.7% 29.5% 29.8% 29.5% 28.6% 30.6% 32.1% 32.6%
2.0% 1.5% 1.4% 1.8% 1.7% 1.9% 2.9% 3.9% 4.6% 3.4%
29.0% −20.4% 18.5% 22.2% 19.4% 17.1% 21.5% 23.2% 22.3% 23.1%
Returns
60.3% 47.4% 29.7% 37.4% 56.2% 76.5% 65.1% 64.3% 66.2% 55.9%
16.8% 8.7% 5.8% 7.5% 10.0% 9.0% 8.9% 10.4% 11.3% 9.9%
Balance and payout
1.02 2.71 2.42 2.06 2.30 3.63 3.09 2.55 2.28 2.10
27.6% 18.5% 29.1% 27.3% 24.0% 31.5% 30.6% 26.1% 27.0% 30.7%
29.2% 19.2% 19.1% 21.1% 15.7% 31.4% 48.5% 23.7% 34.7% 29.8%