Sherwin-Williams

Materials Specialty Chemicals Cleveland, Ohio Last filing Feb 19, 2026 · FY2025

                    Revenue
                    FY2025
                
$23.6B
                    3y CAGR +2.1%
                    
                    P77
                    
                    +2.1%
                    
                    Net income
                    FY2025
                
$2.6B
                    Net margin +10.9%
                    
                    P73
                    
                    -4.2%
                    
                    Total assets
                    FY2025
                
$25.9B
                    ROA +9.9%
                    
                    P92
                    
                    +9.6%
                    
                    Operating cash flow
                    FY2025
                
$3.5B
                    FCF margin +11.3%
                    
                    P73
                    
                    +9.5%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $25.9B

Total liabilities $6.9B

Shareholders equity $4.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	0.8%	0.9%	1.2%	0.9%	0.8%	1.1%	0.8%	0.8%	1.0%	13.2%
Accounts Receivable	10.8%	10.1%	10.8%	11.3%	11.4%	10.2%	10.2%	10.6%	10.6%	18.2%
Inventory	8.9%	9.7%	10.1%	11.6%	9.3%	8.8%	9.2%	9.5%	8.8%	15.8%
Prepaid Expenses	2.7%	2.2%	1.9%	2.3%	2.9%	2.4%	2.4%	1.9%	1.8%	5.6%
Other Current Assets	2.7%	2.2%	1.9%	2.3%	2.9%	2.4%	2.4%	1.9%	1.8%	5.6%
Total Current Assets	23.2%	22.9%	24.0%	26.1%	24.5%	22.5%	22.6%	22.7%	22.1%	53.7%
Property,Plant and Equipment	16.0%	15.0%	12.4%	9.8%	9.0%	9.0%	9.0%	9.3%	9.4%	16.2%
Operating Lease Assets	7.7%	8.3%	8.2%	8.3%	8.8%	8.6%	8.2%	—	—	—
Goodwill	31.0%	32.1%	33.2%	33.6%	34.5%	34.6%	34.2%	36.4%	34.2%	16.7%
Intangible Assets	15.3%	15.0%	16.9%	17.7%	19.4%	21.9%	23.1%	27.2%	30.2%	3.8%
Other Noncurrent Assets	6.8%	6.9%	5.3%	4.5%	3.8%	3.4%	2.7%	3.1%	2.5%	6.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	9.1%	9.5%	10.1%	10.8%	11.6%	10.4%	9.2%	9.4%	9.0%	15.3%
Accrued Liabilities	5.8%	5.8%	5.8%	5.0%	4.9%	5.5%	4.8%	6.0%	4.9%	8.6%
Deferred Revenue	1.6%	1.6%	1.6%	1.3%	1.3%	1.3%	1.2%	1.4%	—	—
Current Portion of Long Term Debt	1.4%	4.4%	4.8%	0.0%	1.3%	0.1%	2.1%	1.6%	0.0%	10.4%
Operating Lease Liabilities	1.9%	2.0%	2.0%	1.9%	2.0%	1.9%	1.8%	—	—	—
Other Current Liabilities	5.8%	5.8%	5.8%	5.0%	4.9%	5.5%	4.8%	6.0%	4.9%	8.6%
Total Current Liabilities	26.7%	28.8%	28.9%	26.4%	27.7%	22.5%	22.1%	22.5%	20.0%	41.9%
Long Term Debt	36.0%	34.6%	36.5%	42.4%	41.6%	40.5%	39.3%	45.5%	49.7%	17.9%
Deferred Revenue Noncurrent	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	—	—
Operating Lease Liabilities Noncurrent	6.1%	6.6%	6.6%	6.7%	7.1%	7.0%	6.7%	—	—	—
Deferred Tax Liabilities	3.0%	2.6%	3.0%	3.0%	3.7%	4.1%	4.7%	5.9%	7.1%	1.1%
Other Noncurrent Liabilities	9.9%	9.8%	8.3%	7.1%	6.9%	6.7%	5.8%	5.3%	3.4%	7.5%
Total Liabilities	26.7%	28.8%	28.9%	26.4%	27.7%	22.5%	22.1%	22.5%	20.0%	41.9%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.3%	0.4%	0.4%	0.4%	0.4%	0.4%	0.6%	0.6%	0.6%	1.7%
Additional Paid In Capital	16.2%	19.4%	18.3%	17.5%	18.4%	17.1%	15.4%	15.1%	13.7%	36.9%
Retained Earnings	4.0%	30.7%	23.0%	15.6%	10.3%	4.1%	35.9%	32.6%	27.4%	60.0%
Treasury Stock	6.4%	7.4%	6.2%	3.9%	13.9%	0.5%	28.5%	25.6%	21.4%	62.7%
Accumulated Other Comprehensive Income	-2.4%	-3.7%	-2.7%	-3.1%	-3.4%	-3.5%	-3.3%	-3.3%	-1.9%	-8.0%
Total Stockholders Equity	17.8%	17.1%	16.2%	13.7%	11.8%	17.7%	20.1%	19.5%	18.3%	27.8%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $23.6B

Operating income $4.2B

Net income $2.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	91.0%	97.7%	100.4%	98.0%	96.5%	90.0%	87.3%	91.6%	75.3%	175.6%
Expenses Cost of Revenue	46.6%	50.4%	53.6%	56.8%	55.2%	47.4%	48.1%	52.9%	41.5%	87.9%
Expenses Selling,General and Administrative	29.7%	31.4%	30.8%	28.0%	28.5%	26.9%	25.7%	26.3%	24.1%	61.3%
Expenses Depreciation and Amortization	1.3%	1.4%	1.4%	1.4%	1.5%	1.5%	1.5%	1.7%	1.0%	0.4%
Expenses Share Based Compensation	0.5%	0.6%	0.5%	0.4%	0.5%	0.5%	0.5%	0.4%	0.5%	1.1%
Expenses Restructuring and Asset Impairment	0.4%	—	0.1%	0.2%	—	—	0.0%	0.1%	0.3%	0.0%
Expenses Operating Expenses	0.0%	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Other Income Expense Gross Profit	44.5%	47.4%	46.9%	41.3%	41.3%	42.6%	39.2%	38.8%	33.8%	87.7%
Other Income Expense Interest Income	0.0%	0.0%	0.1%	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.1%
Other Income Expense Interest Expense	1.8%	1.8%	1.8%	1.7%	1.6%	1.7%	1.7%	1.9%	1.3%	2.3%
Other Income Expense Other Income/expense	-0.1%	0.2%	-0.3%	-0.2%	0.1%	-0.0%	0.1%	-0.1%	0.2%	0.2%
Other Income Expense Income Before Tax	12.9%	14.6%	13.5%	11.4%	10.9%	12.3%	9.7%	7.1%	7.4%	23.6%
Income Tax Income Tax Expense	3.0%	3.3%	3.1%	2.4%	1.9%	2.4%	2.1%	1.3%	-1.5%	6.8%
net Income net Income	9.9%	11.3%	10.4%	8.9%	9.0%	10.0%	7.5%	5.8%	8.7%	16.8%
net Income Comprehensive Income	10.8%	10.3%	10.7%	8.9%	9.1%	9.8%	7.3%	4.5%	9.5%	17.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.0%	1.1%	1.1%	1.1%	1.3%	1.3%	1.3%	0.5%	0.5%	1.4%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.1%	1.1%	1.2%	1.3%	1.4%	1.4%	0.5%	0.5%	1.4%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $3.5B

Investing cash flow $-2.1B

Financing cash flow $-1.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	9.9%	11.3%	10.4%	8.9%	9.0%	10.0%	7.5%	5.8%	8.7%	16.8%
Operating Activities Depreciation and Amortization	1.3%	1.3%	1.3%	1.2%	1.3%	1.3%	1.3%	1.5%	1.4%	2.5%
Operating Activities Stock Based Compensation	0.5%	0.6%	0.5%	0.4%	0.5%	0.5%	0.5%	0.4%	0.5%	1.1%
Operating Activities Deferred Income Taxes	0.6%	-0.3%	-0.4%	-0.6%	-0.4%	-0.7%	-0.6%	-0.7%	-3.1%	-1.0%
Operating Activities Changes In Operating Assets and Liabilities	-2.0%	-1.7%	-4.8%	2.2%	4.2%	0.6%	0.9%	1.1%	1.5%	0.7%
Operating Activities Other Non Cash Items	0.0%	-0.6%	-1.1%	-0.2%	-0.1%	0.7%	0.4%	-0.6%	-0.3%	0.1%
Operating Activities net Cash From Operating Activities	13.3%	13.3%	15.3%	8.5%	10.9%	16.7%	11.3%	10.2%	9.5%	19.4%
Investing Activities Capital Expenditures	3.1%	4.5%	3.9%	2.9%	1.8%	1.5%	1.6%	1.3%	1.1%	3.5%
Investing Activities Business Acquisitions	4.7%	0.3%	1.2%	4.4%	1.0%	0.0%	0.4%	—	44.3%	—
Investing Activities Other Investing Activities	0.3%	0.2%	0.3%	-0.0%	0.1%	0.4%	0.3%	0.2%	0.3%	1.5%
Investing Activities net Cash From Investing Activities	-8.0%	-5.1%	-4.5%	-7.1%	-2.3%	-1.6%	-2.3%	-1.3%	-45.5%	-4.5%
Financing Activities Proceeds From Debt	5.8%	3.6%	0.0%	4.4%	4.8%	4.9%	6.5%	—	41.6%	0.0%
Financing Activities Repayment of Debt	4.1%	4.7%	0.6%	1.2%	2.0%	5.9%	9.2%	4.5%	9.3%	0.0%
Financing Activities Repurchase of Common Stock	6.4%	7.4%	6.2%	3.9%	13.3%	12.0%	3.8%	3.2%	—	0.0%
Financing Activities Dividends Paid	3.0%	3.1%	2.7%	2.7%	2.8%	2.4%	2.1%	1.7%	1.6%	4.6%
Financing Activities Proceeds From Stock Issuance	0.5%	1.0%	0.5%	0.3%	0.9%	0.9%	0.8%	0.5%	0.7%	1.3%
Financing Activities Other Financing Activities	-0.3%	-0.3%	-0.2%	-0.1%	-0.1%	-0.1%	-0.6%	0.2%	-0.2%	-0.2%
Financing Activities net Cash From Financing Activities	-5.3%	-8.5%	-10.6%	-1.2%	-8.9%	-14.8%	-9.0%	-9.1%	32.7%	-4.6%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.0%	-0.0%	0.1%	0.0%	0.0%	-0.0%	-0.0%	0.0%	-0.2%	-0.2%
Cash Reconciliation net Change In Cash	-0.0%	-0.3%	0.3%	0.1%	-0.3%	0.3%	0.0%	-0.3%	-3.4%	10.1%
Cash Reconciliation Cash At Beginning of Period	0.8%	0.9%	1.2%	0.9%	0.8%	1.1%	0.8%	0.8%	1.0%	13.2%
Cash Reconciliation Cash At End of Period	0.8%	0.9%	1.2%	0.9%	0.8%	1.1%	0.8%	0.8%	1.0%	13.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+48.8%	+48.5%	+46.7%	+42.1%	+42.8%	+47.3%	+44.9%	+42.3%	+44.8%	+49.9%
Operating margin	—	—	+18.1%	+15.3%	+15.5%	+18.4%	+15.7%	+14.9%	+14.9%	+18.3%
Net margin	+10.9%	+11.6%	+10.4%	+9.1%	+9.3%	+11.1%	+8.6%	+6.3%	+11.5%	+9.6%
FCF margin	+11.3%	+9.0%	+11.4%	+5.8%	+9.4%	+16.9%	+11.1%	+9.7%	+11.1%	+9.0%
Growth
Revenue CAGR (3y)	+2.1%	+5.0%	+7.9%	+7.4%	+4.4%	+7.0%	+14.7%	+15.6%	+10.4%	+5.2%
Returns
ROE	+55.9%	+66.2%	+64.3%	+65.1%	+76.5%	+56.2%	+37.4%	+29.7%	+47.4%	+60.3%
ROA	+9.9%	+11.3%	+10.4%	+8.9%	+9.0%	+10.0%	+7.5%	+5.8%	+8.7%	+16.8%
ROIC	—	—	+24.8%	+21.3%	+23.0%	+23.3%	+17.6%	+16.9%	+16.8%	+53.0%
Liquidity
Current ratio	0.87x	0.79x	0.83x	0.99x	0.88x	1.00x	1.02x	1.01x	1.11x	1.28x
Quick ratio	0.43x	0.38x	0.41x	0.46x	0.44x	0.50x	0.50x	0.51x	0.58x	0.75x
Leverage
D/E	1.50x	1.68x	1.78x	1.92x	2.35x	1.27x	1.10x	1.15x	1.09x	1.51x
Interest coverage	—	—	9.97x	8.69x	9.21x	9.91x	8.04x	7.12x	8.48x	14.04x
Efficiency
Asset turnover	0.91x	0.98x	1.00x	0.98x	0.97x	0.90x	0.87x	0.92x	0.75x	1.76x
Cash conversion cycle	+42d	+39d	+40d	+48d	+28d	+29d	+43d	+43d	+49d	+40d

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