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

Balance Sheet

Assets, liabilities, and equity

33 accounts · 3 years

Total assets $25.9B

Total liabilities $6.9B

Shareholders equity $4.6B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$207.2M -1.5%	$210.4M -24.0%	$276.8M
Accounts Receivable	$2.8B 16.8%	$2.4B -3.2%	$2.5B
Inventory	$2.3B 1.3%	$2.3B -1.8%	$2.3B
Prepaid Expenses	$690.8M 34.5%	$513.5M 17.1%	$438.4M
Other Current Assets	$690.8M 34.5%	$513.5M 17.1%	$438.4M
Total Current Assets	$6.0B 11.2%	$5.4B -2.0%	$5.5B
Property,Plant and Equipment	$4.1B 17.1%	$3.5B 24.5%	$2.8B
Operating Lease Assets	$2.0B 2.1%	$2.0B 3.5%	$1.9B
Goodwill	$8.0B 6.0%	$7.6B -0.6%	$7.6B
Intangible Assets	$4.0B 12.3%	$3.5B -8.9%	$3.9B
Other Noncurrent Assets	$1.8B 7.8%	$1.6B 34.7%	$1.2B
Total Assets	$25.9B 9.6%	$23.6B 3.0%	$23.0B
Liabilities
Accounts Payable	$2.4B 4.5%	$2.3B -2.7%	$2.3B
Accrued Liabilities	$1.5B 10.9%	$1.4B 2.3%	$1.3B
Deferred Revenue	$427.3M 10.6%	$386.2M 5.6%	$365.7M
Current Portion of Long Term Debt	$350.1M -66.6%	$1.0B -4.5%	$1.1B
Operating Lease Liabilities	$479.8M 2.8%	$466.6M 3.9%	$449.3M
Other Current Liabilities	$1.5B 10.9%	$1.4B 2.3%	$1.3B
Total Current Liabilities	$6.9B 1.6%	$6.8B 2.7%	$6.6B
Long Term Debt	$9.3B 14.0%	$8.2B -2.4%	$8.4B
Deferred Revenue Noncurrent	$10.3M 543.8%	$1.6M -57.9%	$3.8M
Operating Lease Liabilities Noncurrent	$1.6B 2.1%	$1.6B 3.2%	$1.5B
Deferred Tax Liabilities	$765.3M 26.0%	$607.5M -11.1%	$683.1M
Other Noncurrent Liabilities	$2.6B 11.5%	$2.3B 21.0%	$1.9B
Total Liabilities	$6.9B 1.6%	$6.8B 2.7%	$6.6B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$83.1M -10.2%	$92.5M 0.8%	$91.8M
Additional Paid In Capital	$4.2B -8.1%	$4.6B 9.1%	$4.2B
Retained Earnings	$1.0B -85.8%	$7.2B 37.0%	$5.3B
Treasury Stock	$1.7B -4.7%	$1.7B 21.4%	$1.4B
Accumulated Other Comprehensive Income	$-634.4M 27.5%	$-875.2M -40.2%	$-624.3M
Total Stockholders Equity	$4.6B 13.5%	$4.1B 9.0%	$3.7B
Total Liabilitiesand Equity	$25.9B 9.6%	$23.6B 3.0%	$23.0B

Income Statement

Revenue, expense, and profitability

19 accounts · 3 years

Revenue $23.6B

Operating income $4.2B

Net income $2.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$23.6B 2.1%	$23.1B 0.2%	$23.1B
Expenses Cost of Revenue	$12.1B 1.3%	$11.9B -3.2%	$12.3B
Expenses Selling,General and Administrative	$7.7B 3.7%	$7.4B 5.0%	$7.1B
Expenses Depreciation and Amortization	$336.6M 3.1%	$326.6M -1.1%	$330.2M
Expenses Share Based Compensation	$123.5M -10.6%	$138.1M 19.2%	$115.9M
Expenses Restructuring and Asset Impairment	$111.0M	—	$15.3M
Expenses Operating Expenses	$12.6M -64.5%	$35.5M -28.6%	$49.7M
Other Income Expense Gross Profit	$11.5B 2.9%	$11.2B 4.1%	$10.8B
Other Income Expense Interest Income	$11.2M 1.8%	$11.0M -56.3%	$25.2M
Other Income Expense Interest Expense	$465.0M 11.9%	$415.7M -0.4%	$417.5M
Other Income Expense Other Income/expense	$-20.9M -146.8%	$44.7M 168.2%	$-65.5M
Other Income Expense Income Before Tax	$3.3B -3.3%	$3.5B 11.0%	$3.1B
Income Tax Income Tax Expense	$769.7M -0.1%	$770.4M 6.8%	$721.1M
net Income net Income	$2.6B -4.2%	$2.7B 12.2%	$2.4B
net Income Comprehensive Income	$2.8B 15.6%	$2.4B -1.4%	$2.5B
Earnings Per Share Basic Eps	$10 -2.9%	$11 14.2%	$9
Earnings Per Share Diluted Eps	$10 -2.7%	$11 14.1%	$9
Earnings Per Share Weighted Average Shares Basic	$247.6M -1.4%	$251.0M -1.7%	$255.4M
Earnings Per Share Weighted Average Shares Diluted	$250.4M -1.5%	$254.1M -1.6%	$258.3M

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $3.5B

Investing cash flow $-2.1B

Financing cash flow $-1.4B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$2.6B -4.2%	$2.7B 12.2%	$2.4B
Operating Activities Depreciation and Amortization	$340.3M 14.4%	$297.4M 1.7%	$292.3M
Operating Activities Stock Based Compensation	$123.5M -10.6%	$138.1M 19.2%	$115.9M
Operating Activities Deferred Income Taxes	$153.2M 304.5%	$-74.9M 15.7%	$-88.9M
Operating Activities Changes In Operating Assets and Liabilities	$-511.2M -29.3%	$-395.3M 64.2%	$-1.1B
Operating Activities Other Non Cash Items	$8.5M 106.1%	$-140.1M 44.3%	$-251.7M
Operating Activities net Cash From Operating Activities	$3.5B 9.5%	$3.2B -10.5%	$3.5B
Investing Activities Capital Expenditures	$797.6M -25.5%	$1.1B 20.4%	$888.4M
Investing Activities Business Acquisitions	$1.2B 1435.2%	$78.9M -70.2%	$264.7M
Investing Activities Other Investing Activities	$68.1M 15.4%	$59.0M -1.7%	$60.0M
Investing Activities net Cash From Investing Activities	$-2.1B -72.7%	$-1.2B -15.1%	$-1.0B
Financing Activities Proceeds From Debt	$1.5B 76.6%	$848.7M	$0
Financing Activities Repayment of Debt	$1.1B -4.5%	$1.1B 706.5%	$136.4M
Financing Activities Repurchase of Common Stock	$1.7B -4.7%	$1.7B 21.4%	$1.4B
Financing Activities Dividends Paid	$789.8M 9.2%	$723.4M 16.0%	$623.7M
Financing Activities Proceeds From Stock Issuance	$140.6M -41.9%	$242.0M 116.8%	$111.6M
Financing Activities Other Financing Activities	$-86.8M -24.4%	$-69.8M -49.5%	$-46.7M
Financing Activities net Cash From Financing Activities	$-1.4B 31.7%	$-2.0B 16.8%	$-2.4B
Cash Reconciliation Effect of Exchange Rate On Cash	$-9.9M -59.7%	$-6.2M -131.0%	$20.0M
Cash Reconciliation net Change In Cash	$-3.2M 95.2%	$-66.4M -185.1%	$78.0M
Cash Reconciliation Cash At Beginning of Period	$207.2M -1.5%	$210.4M -24.0%	$276.8M
Cash Reconciliation Cash At End of Period	$207.2M -1.5%	$210.4M -24.0%	$276.8M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+48.8%	+48.5%	+46.7%
Operating margin	—	—	+18.1%
Net margin	+10.9%	+11.6%	+10.4%
FCF margin	+11.3%	+9.0%	+11.4%
Growth
Revenue CAGR (3y)	+2.1%	+5.0%	+7.9%
Returns
ROE	+55.9%	+66.2%	+64.3%
ROA	+9.9%	+11.3%	+10.4%
ROIC	—	—	+24.8%
Liquidity
Current ratio	0.87x	0.79x	0.83x
Quick ratio	0.43x	0.38x	0.41x
Leverage
D/E	1.50x	1.68x	1.78x
Interest coverage	—	—	9.97x
Efficiency
Asset turnover	0.91x	0.98x	1.00x
Cash conversion cycle	+42d	+39d	+40d

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FY2025 fundamentals · no price

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Sherwin-Williams

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