SHERWIN WILLIAMS CO
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SHW Q4 2025 request
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Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 5,595.9 | 5,297.2 | +5.6% |
Show Business Segments breakouts |
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| Consumer Brands Group | 824.7 | 662.2 | +24.5% |
| Consumer Brands Group · Intersegment Elimination | 1,236.3 | 1,230.4 | +0.5% |
| Consumer Brands Group · Operating Segments | 2,061 | 1,892.6 | +8.9% |
| Paint Stores Group | 3,127.1 | 3,044.9 | +2.7% |
| Paint Stores Group · Operating Segments | 3,127.1 | 3,044.9 | +2.7% |
| Performance Coatings Group | 1,642.1 | 1,589 | +3.3% |
| Performance Coatings Group · Intersegment Elimination | 7.2 | 6.6 | +9.1% |
| Performance Coatings Group · Operating Segments | 1,649.3 | 1,595.6 | +3.4% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | -1,241.5 | -1,235.9 | -0.5% |
| Corporate Non Segment | 2 | 1.1 | +81.8% |
| Intersegment Elimination | -1,243.5 | -1,237 | -0.5% |
| Cost of Revenue | 2,883.3 | 2,724 | +5.8% |
Show Business Segments breakouts |
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| Consumer Brands Group · Operating Segments | 1,750.5 | 1,613.7 | +8.5% |
| Paint Stores Group · Operating Segments | 1,333.6 | 1,339.3 | -0.4% |
| Performance Coatings Group · Operating Segments | 1,037.4 | 1,002.1 | +3.5% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | -1,238.2 | -1,231.1 | -0.6% |
| Gross Profit | 2,712.6 | 2,573.2 | +5.4% |
| Selling, General & Administrative | 1,936.8 | 1,882.9 | +2.9% |
Show Business Segments breakouts |
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| Consumer Brands Group · Operating Segments | 247.3 | 205.7 | +20.2% |
| Paint Stores Group · Operating Segments | 1,133.1 | 1,107.9 | +2.3% |
| Performance Coatings Group · Operating Segments | 358.3 | 369 | -2.9% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | 198.1 | 200.3 | -1.1% |
| Interest Expense | 131.6 | 98.5 | +33.6% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | 131.6 | 97.1 | +35.5% |
| Other Non-Operating Income (Expense) | 11 | -14.5 | +175.9% |
| Income Before Taxes | 639 | 615.6 | +3.8% |
Show Business Segments breakouts |
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| Consumer Brands Group · Operating Segments | 56.2 | 66.6 | -15.6% |
| Paint Stores Group · Operating Segments | 649.5 | 606.4 | +7.1% |
| Performance Coatings Group · Operating Segments | 244.6 | 229 | +6.8% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | -311.3 | -286.4 | -8.7% |
| Income Tax Expense (Benefit) | 162.2 | 135.5 | +19.7% |
| Net Income | 476.8 | 480.1 | -0.7% |
| Comprehensive Income | 432.5 | 281.1 | +53.9% |
| Other Comprehensive Income | -44.3 | -199 | +77.7% |
| EPS (Basic) | 1.94 | 1.92 | +1.0% |
| EPS (Diluted) | 1.92 | 1.9 | +1.1% |
| Wtd Avg Shares (Basic) | -0.4 | -0.4 | 0.0% |
| Wtd Avg Shares (Diluted) | -0.5 | -0.5 | 0.0% |
| Foreign Currency Transaction Gain Loss Before Tax | 15.7 | -5.9 | +366.1% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 207.2 | 210.4 | -1.5% |
| Accounts Receivable | 2,791.2 | 2,388.8 | +16.8% |
| Inventory | 2,318.2 | 2,288.1 | +1.3% |
| Other Assets Current | 690.8 | 513.5 | +34.5% |
| Total Current Assets | 6,007.4 | 5,400.8 | +11.2% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 4,137.4 | 3,533.2 | +17.1% |
| Goodwill | 8,036.6 | 7,580.1 | +6.0% |
Show Business Segments breakouts |
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| Consumer Brands Group | 2,032.8 | 1,792.5 | +13.4% |
| Paint Stores Group | 2,407.8 | 2,376.1 | +1.3% |
| Performance Coatings Group | 3,596 | 3,411.5 | +5.4% |
Show Business Acquisition breakouts |
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| Suvinil | 247.8 | — | — |
| Operating Lease Right-of-Use Assets | 1,995.2 | 1,953.8 | +2.1% |
| Other Non-Current Assets | 1,759 | 1,631.5 | +7.8% |
| Total Assets | 25,901.7 | 23,632.6 | +9.6% |
Show Business Segments breakouts |
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| Consumer Brands Group · Operating Segments | 8,025.5 | 6,854.7 | +17.1% |
| Paint Stores Group · Operating Segments | 6,378.6 | 5,878 | +8.5% |
| Performance Coatings Group · Operating Segments | 7,859.5 | 7,847.4 | +0.2% |
Show Geography breakouts |
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| Non Us | 7.24 | 5.21 | +39.0% |
Show Consolidation Items breakouts |
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| Administrative and Eliminations | 3,638.1 | 3,052.5 | +19.2% |
| Intangible Assets | 3,172.2 | 3,025.3 | +4.9% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Computer Software Intangible Asset | 66.9 | 30.7 | +117.9% |
| Customer Relationships | 1,888.7 | 1,698.2 | +11.2% |
| Intellectual Property | 1,149.1 | 1,225.3 | -6.2% |
| Other Intangible Assets | 67.5 | 71.1 | -5.1% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 3,966.1 | 3,533.2 | +12.3% |
| Current Liabilities | |||
| Short Term Borrowings | 1,200.5 | 662.4 | +81.2% |
Show Debt Instrument breakouts |
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| Domestic commercial paper · Commercial Paper | 281.4 | 655.6 | -57.1% |
| EUR DTTL Credit Agreement | 293.6 | — | — |
| Foreign facilities | 0.5 | 6.8 | -92.6% |
| USD DTTL Credit Agreement | 625 | — | — |
| Accounts Payable | 2,354.2 | 2,253.2 | +4.5% |
| Employee Related Liabilities Current | 839.4 | 842.8 | -0.4% |
| Taxes Payable Current | 187.4 | 174.3 | +7.5% |
| Current Portion of Long-Term Debt | 350.1 | 1,049.2 | -66.6% |
| Operating Lease Liability Current | 479.8 | 466.6 | +2.8% |
| Other Liabilities Current | 1,508.9 | 1,360.2 | +10.9% |
Show Retirement Plan Type breakouts |
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| Other Postretirement Benefit Plans Defined Benefit · US | 14.1 | 14.4 | -2.1% |
| Pension Plans Defined Benefit · Foreign Plan | 6.7 | 6 | +11.7% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Not Primary Beneficiary | 123.4 | 101.4 | +21.7% |
| Total Current Liabilities | 6,920.3 | 6,808.7 | +1.6% |
| Deferred Revenue (Current) | 427.3 | 386.2 | +10.6% |
| Non-Current Liabilities | |||
| Long-Term Debt | 9,320.7 | 8,176.8 | +14.0% |
| Other Postretirement Defined Benefit Plan Liabilities Noncurrent | 129.8 | 120.7 | +7.5% |
Show Retirement Plan Type breakouts |
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| Other Postretirement Benefit Plans Defined Benefit · US | 111.5 | 120.7 | -7.6% |
| Deferred Tax Liabilities | 765.3 | 607.5 | +26.0% |
| Operating Lease Liabilities | 1,591.5 | 1,558.3 | +2.1% |
| Other Non-Current Liabilities | 2,575.8 | 2,309.4 | +11.5% |
Show Retirement Plan Type breakouts |
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| Pension Plans Defined Benefit · Foreign Plan | 76.6 | 61.8 | +23.9% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Not Primary Beneficiary | 667.8 | 600.3 | +11.2% |
| Long-Term Debt | 9,670.8 | 9,226 | +4.8% |
Show Debt Instrument breakouts |
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| 0.53% to 8.00% Promissory Notes · Unsecured Debt | 0.1 | 0.2 | -50.0% |
| 2.20% Senior Notes · Senior Notes | 496.1 | 495.5 | +0.1% |
| 2.30% Senior Notes · Senior Notes | 498 | 497.6 | +0.1% |
| 2.90% Senior Notes · Senior Notes | 492.4 | 492.1 | +0.1% |
| 2.95% Senior Notes · Senior Notes | 796.5 | 795.5 | +0.1% |
| 3.30% Senior Notes · Senior Notes | 494.8 | 494.6 | 0.0% |
| 3.45% Senior Notes · Senior Notes | 1,497.5 | 1,495.7 | +0.1% |
| 3.80% Senior Notes · Senior Notes | 544 | 543.7 | +0.1% |
| 3.95% Senior Notes · Senior Notes | 350.1 | 351.6 | -0.4% |
| 4.00% Senior Notes · Senior Notes | 297.3 | 297.2 | 0.0% |
| 4.30% Senior Notes · Senior Notes | 497.1 | — | — |
| 4.40% Senior Notes · Senior Notes | 241.8 | 241.3 | +0.2% |
| 4.50% Senior Notes · Senior Notes | 1,234.5 | 1,233.7 | +0.1% |
| 4.50% Senior Notes · Senior Notes | 495.5 | — | — |
| 4.55% Senior Notes · Senior Notes | 395.6 | 395.4 | +0.1% |
| 4.55% Senior Notes · Senior Notes | 398.4 | 397.6 | +0.2% |
| 4.80% Senior Notes · Senior Notes | 445.7 | 445 | +0.2% |
| 5.15% Senior Notes · Senior Notes | 495.4 | — | — |
| Contract With Customer Liability Noncurrent | 10.3 | 1.6 | +543.8% |
| Stockholders' Equity | |||
| Common Stock | 83.1 | 92.5 | -10.2% |
| Additional Paid-In Capital | 4,204.5 | 4,576.2 | -8.1% |
| Retained Earnings | 1,029.4 | 7,246.3 | -85.8% |
| Treasury Stock Common Value | -84.3 | -6,988.6 | +98.8% |
| Accumulated Other Comprehensive Income | -634.4 | -875.2 | +27.5% |
| Total Stockholders' Equity | 4,598.3 | 4,051.2 | +13.5% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 59.5 | 73.1 | -18.6% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 25.5 | 24.6 | +3.7% |
| Accumulated Other Comprehensive Income | -634.4 | -875.2 | +27.5% |
| Accumulated Translation Adjustment | -719.4 | -972.9 | +26.1% |
| Common Stock | 83.1 | 92.5 | -10.2% |
| Other Additional Capital | 4,204.5 | 4,576.2 | -8.1% |
| Retained Earnings | 1,029.4 | 7,246.3 | -85.8% |
| Treasury Stock Common | -84.3 | -6,988.6 | +98.8% |
| Total Liabilities & Equity | 25,901.7 | 23,632.6 | +9.6% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 32 | 55.5 | -42.3% |
| Deferred Income Taxes | 97.8 | -25.7 | +480.5% |
| Other Non-Cash Items | 9.8 | -25.4 | +138.6% |
| Net Cash from Operations | 1,092.5 | 934.5 | +16.9% |
| Investing Activities | |||
| Other Investing Activities | 1,140.1 | 91.1 | +1151.5% |
| Net Cash from Investing | -171.6 | -285.5 | +39.9% |
| Financing Activities | |||
| Debt Issuance Costs | 0.1 | 0 | — |
| Net Cash from Financing | -942.3 | -670.8 | -40.5% |
| Supplemental | |||
| Interest Paid | 109.7 | 84.6 | +29.7% |
| Other Cash Flow | |||
| Net Change in Cash | -34.3 | -27.8 | -23.4% |
Values in millions USD. Source: SEC EDGAR 10-K filing.