Income StatementBalance SheetCash FlowSegments
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Sherwin-Williams Business Segments

Business, geographic, and product segment breakdowns

Sherwin-Williams generates $23.9B in annual revenue across 3 key segments: Consumer Brands Group ($8.8B), Paint Stores Group ($13.7B), and Performance Coatings Group ($6.9B). Based on the Q1 2026 filing.

Consumer Brands Group (TTM)$8.8BPaint Stores Group (TTM)$13.7BPerformance Coatings Group (TTM)$6.9B
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$76.2B
P/E Ratio29.33
ROE60.72%

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consolidated Foreign Subsidiaries$3.4B$3.6B$3.8B$5.0B$4.8B$4.8B

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consolidated Foreign Subsidiaries$1.1B$1.0B$1.2B$1.1B$1.3B$1.3B

Concentration of credit risk percentage (in percent)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America—80.0%———80.0%
EMEAI Region—10.0%———10.0%

Number of operable units

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gibbsboro, New Jersey—6.00———6.00

Number of operable units completed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gibbsboro, New Jersey—3.00———3.00

Identifiable assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$5.2B———$7.2B—

Business Segments

Accumulated impairment losses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$8.4M———$8.4M—
Paint Stores Group$10.2M———$10.2M—
Performance Coatings Group$800.0K———$800.0K—

Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings Group$64.5M$63.5M$65.8M$64.5M$64.5M$65.4M
Consumer Brands Group$16.5M$16.8M$17.0M$17.0M$21.0M$20.7M
Paint Stores Group$400.0K$400.0K$400.0K$2.4M$2.4M$2.1M

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$96.6M$56.9M$82.3M$51.7M$102.2M$51.7M
Paint Stores Group$41.2M$26.7M$34.7M$31.4M$27.4M$18.6M
Performance Coatings Group$4.9M$12.4M$13.8M$11.7M$0.0$3.8M

Cost of goods sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$1.6B$1.6B$1.9B$1.9B$1.8B$1.7B
Paint Stores Group$1.3B$1.3B$1.6B$1.7B$1.3B$1.3B
Performance Coatings Group$1.0B$1.0B$1.2B$1.2B$1.0B$1.1B

Depreciation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$43.6M$45.9M$42.1M$45.6M$51.7M$52.9M
Paint Stores Group$24.9M$22.1M$22.0M$23.2M$22.9M$23.7M
Performance Coatings Group$4.8M$4.8M$4.6M$4.4M$5.2M$5.0M

Goodwill acquired during period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group—$62.0M$62.0M$62.0M$62.0M—
Paint Stores Group—$7.9M$7.9M$7.9M$7.9M—
Performance Coatings Group$12.1M$6.9M$6.9M$6.9M$6.9M—

Goodwill, Foreign Currency Translation and Measurement Period Adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group-$75.0K-$1.9M-$1.9M-$1.9M-$1.9M—
Paint Stores Group—$25.0K$25.0K$25.0K$25.0K—
Performance Coatings Group-$23.5M$39.3M$39.3M$39.3M$39.3M—

Identifiable assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$6.9B$7.2B$7.2B$7.0B$8.0B$8.3B
Performance Coatings Group$7.8B$8.1B$8.3B$8.0B$7.9B$7.9B
Paint Stores Group$5.9B$6.1B$6.4B$6.6B$6.4B$6.6B

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Paint Stores Group$606.4M$541.2M$916.5M$954.3M$649.5M$558.8M
Performance Coatings Group$229.0M$212.7M$245.1M$240.3M$244.6M$232.4M
Consumer Brands Group$66.6M$131.9M$164.2M$157.3M$56.2M$197.2M

Interest Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$1.4M$0.0$100.0K-$100.0K$0.0$0.0
Paint Stores Group$0.0$0.0$0.0$0.0$0.0$0.0
Performance Coatings Group$0.0$0.0$0.0$0.0$0.0$0.0

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Paint Stores Group$3.0B$2.9B$3.7B$3.8B$3.1B$3.0B
Consumer Brands Group$1.9B$2.0B$2.3B$2.2B$2.1B$2.2B
Performance Coatings Group$1.6B$1.6B$1.8B$1.8B$1.6B$1.7B

New stores opened

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$4.5$3.3$3.3$3.3$3.3—
Paint Stores Group$21.0$20.8$20.8$20.8$20.8—
Performance Coatings Group—$1.5$1.5$1.5$1.5—

Number of company operated stores

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group33400.0%———30700.0%—
Paint Stores Group477300.0%———485300.0%—
Performance Coatings Group32400.0%———31700.0%—

Number of net new stores

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group4.00-6.75-6.75-6.75-6.75—
Paint Stores Group19.7520.0020.0020.0020.00—

Number of stores closed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group0.5010.0010.0010.0010.00—
Paint Stores Group1.250.750.750.750.75—
Performance Coatings Group0.003.253.253.253.25—

Other segment items

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group$5.2M$900.0K$7.5M$5.7M$7.0M-$6.2M
Performance Coatings Group-$4.5M$7.1M$4.5M$100.0K$9.0M-$4.9M
Paint Stores Group-$8.7M-$2.3M-$2.2M-$5.8M$10.9M$1.9M

Percent of sales of one group including inter segment transfers represented products sold through other stores group

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group15.8%15.8%15.8%15.8%15.8%—

Percent to Net sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Consumer Brands Group—17.3%20.3%20.4%—21.7%
Paint Stores Group—18.4%24.8%24.9%—18.3%
Performance Coatings Group—13.3%13.6%13.7%0.4%13.6%

Selling, general and administrative expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Paint Stores Group$1.1B$1.1B$1.2B$1.2B$1.1B$1.2B
Performance Coatings Group$369.0M$351.5M$378.2M$358.1M$358.3M$384.0M
Consumer Brands Group$205.7M$217.7M$219.1M$211.8M$247.3M$259.3M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Paint Stores Group$2.4B———$2.4B—

Reclassification related to segment change

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Paint Stores Group—$36.1M$36.1M$36.1M$36.1M—
Performance Coatings Group—-$36.1M-$36.1M-$36.1M-$36.1M—

Impairment of asset

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings Group———$17.8M——

Net increase (decrease) in stores

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Performance Coatings Group$0.5-$1.8-$1.8-$1.8-$1.8—