Investing
CapEx
Sherwin-Williams CapEx decreased by 40.0% to $138.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 26.9%, from $189.30M to $138.30M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 21.0% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $87.10M | $96.70M | $123.90M | $106.30M | $129.50M | $174.90M | $233.80M | $209.90M | $206.10M | $152.90M | $319.50M | $283.80M | $250.90M | $235.30M | $300.00M | $189.30M | $181.50M | $196.40M | $230.40M | $138.30M |
| QoQ Change | — | +11.0% | +28.1% | -14.2% | +21.8% | +35.1% | +33.7% | -10.2% | -1.8% | -25.8% | +109.0% | -11.2% | -11.6% | -6.2% | +27.5% | -36.9% | -4.1% | +8.2% | +17.3% | -40.0% |
| YoY Change | — | — | — | — | +48.7% | +80.9% | +88.7% | +97.5% | +59.2% | -12.6% | +36.7% | +35.2% | +21.7% | +53.9% | -6.1% | -33.3% | -27.7% | -16.5% | -23.2% | -26.9% |
Range$87.10M – $319.50M
CAGR+10.2%
Avg YoY Growth+23.5%
Median YoY Growth+28.5%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer Brands Group | $44.00M | $65.60M | $100.00M | $56.90M | $82.30M | $51.70M | $102.20M | $51.70M |
| Paint Stores Group | $30.70M | $33.70M | $41.20M | $26.70M | $34.70M | $31.40M | $27.40M | $18.60M |
| Performance Coatings Group | $3.80M | $9.90M | $1.50M | $12.40M | $13.80M | $11.70M | $0.00 | $3.80M |
| Total | $250.90M | $235.30M | $300.00M | $189.30M | $181.50M | $196.40M | $230.40M | $138.30M |
CapEx at Other Companies
Frequently Asked Questions
- What is Sherwin-Williams's capex?
- Sherwin-Williams (SHW) reported capex of $138.30M in Q1 2026.
- How has Sherwin-Williams's capex changed year-over-year?
- Sherwin-Williams's capex decreased by 26.9% year-over-year, from $189.30M to $138.30M.
- What is the long-term trend for Sherwin-Williams's capex?
- Over 4 years (2021 to 2025), Sherwin-Williams's capex has grown at a 21.0% compound annual growth rate (CAGR), from $372.00M to $797.60M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.