Income StatementBalance SheetCash FlowSegments
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Sherwin-Williams Cash Flow Statement

Operating, investing, and financing cash movements

Sherwin-Williams generated $3.7B in operating cash flow over the trailing twelve months. After $746.6M in capital expenditures, free cash flow was $2.9B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.7BNet Cash From Investing (TTM)-$1.9BNet Cash From Financing (TTM)-$1.7BCapital Expenditures (TTM)$746.6MNet Change In Cash (TTM)$17.1M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$76.2B
P/E Ratio29.33
ROE60.72%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Gain on sale of property, plant, and equipment$24.7M$2.1M-$3.6M-$1.5M$23.8M-$1.5M
Change in accounts payable$5.5M-$9.5M-$9.5M-$9.5M-$9.5M—
Change in accounts receivable$2.7M$40.7M$40.7M$40.7M$40.7M—
Change in income taxes payable/receivable-$3.6M-$5.6M-$5.6M-$5.6M-$5.6M—
Change in inventories$8.2M-$33.1M-$33.1M-$33.1M-$33.1M—
Other working capital changes-$60.3M$25.1M———$28.4M
Deferred income taxes-$25.7M-$18.7M-$20.1M$94.2M$97.8M-$3.2M
Other Non-Cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Other Non-cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Other Non-cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Net cash from operating activities$934.5M-$61.1M$1.1B$1.3B$1.1B$139.1M
Net income$480.1M$503.9M$754.7M$833.1M$476.8M$534.7M
Other non-cash income (expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Amortization of capitalized software and acquired intangible assets$81.8M$81.0M$83.4M$84.1M$88.1M$88.5M
Depreciation$80.1M$79.9M$79.3M$82.8M$98.3M$98.3M
Accrued compensation-$2.0M-$6.5M-$6.5M-$6.5M-$6.5M—
Increase (Decrease) in Income Taxes Receivable-$200.0K$4.0M$4.0M$4.0M$4.0M—
Operating lease liabilities-$107.3M-$124.1M-$137.2M-$121.5M-$120.9M-$118.7M
Increase (Decrease) in Working Operating Capital—$780.4M———$673.6M
Non-cash lease expense$109.2M$123.5M$139.3M$121.4M$124.4M$124.0M
Other Increase Decrease In Environmental Liabilities—$3.1M$400.0K$10.6M$1.2M$100.0K
Other Noncash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Payments for Environmental Liabilities$1.0M$10.2M$7.7M$9.9M$7.3M$7.3M
Other Non-cash Income and Expense$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Other Non-Cash Adjustments$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Other Non-Cash Income and Expense$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Stock-based compensation$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$78.9M$82.4M$39.0M$0.0$1.1B$0.0
Capital expenditures$300.0M$189.3M$181.5M$196.4M$230.4M$138.3M
Payment for (Proceeds from) Other Investing Activity—$44.5M$20.6M$1.1B—$32.2M
Net cash from investing activities-$285.5M-$316.2M-$241.1M-$1.3B-$171.6M-$170.5M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$0.0$250.0M—$800.0M—$350.0M
Dividends paid$179.8M$200.4M$197.9M$195.7M$195.8M$197.1M
Payments For Repurchase Of Equity$310.2M$351.7M$518.5M$668.2M$118.0M$575.6M
Proceeds from real estate financing transactions$32.3M$40.7M———$0.0
Other, net-$7.5M-$33.4M-$26.0M-$23.4M-$4.0M-$58.2M
Proceeds from (Repayments of) Short-Term Debt—$1.1B—$140.3M—$1.2B
Payment of Deferred Purchase Consideration-$7.5M-$33.4M-$26.0M-$23.4M-$4.0M-$58.2M
Noncontrolling interest transactions and other-$7.5M-$33.4M-$26.0M-$23.4M-$4.0M-$58.2M
Net cash from financing activities-$670.8M$367.2M-$810.0M$0.0-$942.3M$47.6M
Noncontrolling Interests Activity and Other-$7.5M-$33.4M-$26.0M-$23.4M-$4.0M-$58.2M
Proceeds from issuance of common stock-$194.8M$26.2M$24.4M$67.9M$22.1M$47.6M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries—$1.1B—$140.3M—$1.2B

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$634.5M-$250.4M$931.1M$1.1B$862.1M$800.0K

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$6.0M-$500.0K$8.5M-$5.0M-$12.9M-$6.5M
Net increase (decrease) in cash-$27.8M-$10.6M$70.0M-$28.3M-$34.3M$9.7M
Investment Program, Proportional Amortization Method, Applied, Amortization Expense$19.0M$28.7M$28.7M$23.5M$23.1M$31.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$182.4M$89.9M$229.5M$138.7M$134.6M$44.2M
Interest paid$84.6M$119.8M$99.6M$123.9M$109.7M$159.7M