SHW Financials Sherwin-Williams

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 30, 2026, 11:15 UTC Overview →

Growth & profitability

Revenue has grown 5.1% per year over the past 5 years.
Net income has grown in line with revenue (4.8% vs 5.1% per year).
Free cash flow has declined 3.1% per year over the past 5 years.

Financial health

Total debt ($10.9B) exceeds cash ($207M); net debt is $10.7B.
Total debt has grown in line with revenue (5.6% vs 5.1% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 30.7% of earnings and 29.8% of free cash flow.
The dividend has grown 10.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$23.6B	$2.6B	48.8%	0.0%	55.9%	9.9%	$2.7B	$10.9B	$207M
2024	$23.1B	$2.7B	48.5%	0.0%	66.2%	11.3%	$2.1B	$9.9B	$210M
2023	$23.1B	$2.4B	46.7%	18.1%	64.3%	10.4%	$2.6B	$9.9B	$277M
2022	$22.1B	$2.0B	42.1%	15.3%	65.1%	8.9%	$1.3B	$10.6B	$199M
2021	$19.9B	$1.9B	42.8%	15.5%	76.5%	9.0%	$1.9B	$9.6B	$166M
2020	$18.4B	$2.0B	47.3%	18.4%	56.2%	10.0%	$3.1B	$8.3B	$227M
2019	$17.9B	$1.5B	44.9%	15.7%	37.4%	7.5%	$2.0B	$8.7B	$162M
2018	$17.5B	$1.1B	42.3%	14.9%	29.7%	5.8%	$1.7B	$9.3B	$156M
2017	$15.0B	$1.7B	44.8%	14.9%	47.4%	8.7%	$1.7B	$10.5B	$204M
2016	—	$1.1B	—	—	60.3%	16.8%	$1.1B	$2.0B	$890M
2015	—	$1.1B	—	—	121.4%	18.2%	$1.2B	$1.9B	$206M
2014	—	$866M	—	—	86.9%	15.2%	$881M	$1.8B	$41M
2013	—	$753M	—	—	42.4%	11.8%	$917M	$1.7B	$745M
2012	—	$631M	—	—	35.2%	10.1%	$731M	$1.7B	$863M
2011	—	$442M	—	—	29.1%	8.4%	$582M	$993M	$33M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$6.9B	$821M	47.8%	0.0%	20.6%	3.0%	$976M	$11.8B	$264M
Jun '26	$6.8B	$844M	49.2%	0.0%	21.9%	3.1%	$1.2B	$12.1B	$294M
Mar '26	$5.7B	$535M	49.1%	0.0%	12.1%	2.0%	$800000	$11.7B	$217M
Dec '25	$5.6B	$477M	48.5%	0.0%	10.4%	1.8%	$862M	$10.9B	$207M
Sep '25	$6.4B	$833M	49.2%	0.0%	18.8%	3.2%	$1.1B	$11.5B	$242M
Jun '25	$6.3B	$755M	49.4%	0.0%	17.1%	3.0%	$931M	$10.7B	$270M
Mar '25	$5.3B	$504M	48.2%	0.0%	12.2%	2.0%	-$250M	$10.8B	$200M
Dec '24	$5.3B	$480M	48.6%	0.0%	11.9%	2.0%	$635M	$9.9B	$210M
Sep '24	$6.2B	$806M	49.1%	21.4%	19.4%	3.4%	$839M	$10.1B	$238M
Jun '24	$6.3B	$890M	48.8%	22.5%	23.7%	3.7%	$952M	$10.3B	$200M
Mar '24	$5.4B	$505M	47.2%	16.5%	14.4%	2.2%	-$343M	$10.7B	$180M
Dec '23	$5.3B	$356M	48.5%	15.1%	9.6%	1.6%	$599M	$9.9B	$277M
Sep '23	$6.1B	$762M	47.7%	21.2%	20.1%	3.3%	$1.2B	$9.9B	$503M
Jun '23	$6.2B	$794M	46.0%	19.7%	21.9%	3.4%	$1.0B	$10.4B	$209M
Mar '23	$5.4B	$477M	44.5%	15.4%	15.1%	2.1%	-$122M	$11.1B	$151M
Dec '22	$5.2B	$386M	42.7%	13.1%	12.5%	1.7%	$407M	$10.6B	$199M
Sep '22	$6.0B	$685M	42.8%	18.1%	26.4%	3.1%	$464M	$10.5B	$131M
Jun '22	$5.9B	$578M	41.7%	16.4%	26.0%	2.6%	$484M	$10.6B	$313M
Mar '22	$5.0B	$371M	41.1%	13.1%	16.6%	1.7%	-$80M	$10.6B	$401M
Dec '21	$4.8B	$304M	39.5%	10.6%	12.5%	1.5%	$70M	$9.6B	$166M

Valuation over time

How the market has priced SHW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 26.9× (Mar '23) to 33.1× (Nov '26).
The price-to-sales ratio has risen from 2.5× (Mar '23) to 3.6× (Nov '26).
The dividend yield has fallen from 1.1% (Mar '23) to 0.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is SHW growing its revenue and profit?

Over the past 5 years, Sherwin-Williams's revenue has grown 5.1% per year, and net income grown 4.8% per year. These are computed facts, not advice.

How much debt does SHW have?

As of FY2025, Sherwin-Williams reported $10.9B of total debt against $207M of cash.

What is SHW's profit margin?

In FY2025, gross margin was 48.8%, operating margin —, and net margin 10.9%.

What is SHW's P/E ratio?

Sherwin-Williams's P/E (TTM) is 31.81 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SHW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 33.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.