Income StatementBalance SheetCash FlowSegments
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Sherwin-Williams Income Statement

Revenue, expenses, and profitability over time

Sherwin-Williams generated $23.9B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $2.6B with a 10.86% net margin. Diluted EPS is $10.42, which declined 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$23.9BGross Profit (TTM)$11.7BOperating Income$1.3BNet Income (TTM)$2.6BEps Diluted (TTM)$10.42
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$76.2B
P/E Ratio29.33
ROE60.72%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Foreign Currency Translation Adjustments—$106.6M$176.2M$10.4M—$49.6M
OCI Defined Benefit Plans, Tax—-$1.1M-$1.1M-$1.3M—-$200.0K
OCI Reclassification Adjustment, Pension Plans, Net of Tax—-$3.4M-$3.4M-$3.2M—-$900.0K
Change in foreign currency translation—$106.6M$176.2M$10.4M—$49.6M
Common Stock Dividends Per Share—$0.8$0.8$0.8—$0.8
Foreign Currency Translation Adjustments, Net of Tax—$106.6M$176.2M$10.4M—$49.6M
OCI - Foreign Currency Translation Adjustment—$106.6M$176.2M$10.4M—$49.6M
Other Comprehensive Income (Loss), Net of Tax—$102.3M$175.0M$7.8M—$47.6M
Dividends per share declared—$0.8$0.8$0.8—$0.8
OCI - Defined benefit plan, net of tax—$1.1M$1.1M$1.3M—$200.0K
OCI Defined Benefit Reclassification After Tax—-$3.4M-$3.4M-$3.2M—-$900.0K
OCI Defined Benefit Reclassification Tax—-$1.1M-$1.1M-$1.3M—-$200.0K
OCI Pension Reclassification Adjustment, Net of Tax—-$3.4M-$3.4M-$3.2M—-$900.0K
Other Comprehensive Income (Loss)—$1.1M$1.1M$1.3M—$200.0K
OCI Attributable to Parent—$102.3M$175.0M$7.8M—$47.6M
OCI Defined Benefit Plan Net of Tax—$1.1M$1.1M$1.3M—$200.0K
OCI Reclassification Pension Plans (Net of Tax)—-$3.4M-$3.4M-$3.2M—-$900.0K
Dividends per share declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Interest Paid, Net$84.6M$119.8M$99.6M$123.9M$109.7M$159.7M
OCI Reclassification Adjustment, Pension and Postretirement, Net of Tax—-$3.4M-$3.4M-$3.2M—-$900.0K
Tax Benefit of Pension Reclassification—-$1.1M-$1.1M-$1.3M—-$200.0K
Tax effect of unrealized gain (loss) on cash flow hedges—$300.0K$300.0K$300.0K—$300.0K
Total Reclassification from AOCI to Net Income—-$3.4M-$3.4M-$3.2M—-$900.0K
Accounts Receivable, Allowance for Credit Loss, Writeoff—$3.9M$9.1M$11.2M—$6.5M
Amortization of capitalized software and acquired intangible assets$81.8M$81.0M$83.4M$84.1M$88.1M$88.5M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—1M1M1M—1.8M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—-$10.6M$70.0M——$9.7M
Dividends declared (in dollars per share)—$0.8$0.8$0.8—$0.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$606.2M$929.7M$840.9M—$582.3M
Deferred taxes-$25.7M-$18.7M-$20.1M$94.2M$97.8M-$3.2M
Depreciation$80.1M$79.9M$79.3M$82.8M$98.3M$98.3M
Dividends Cash—$200.4M$197.9M$195.7M—$197.1M
Dividends, Common Stock, Cash—$200.4M$197.9M$195.7M—$197.1M
Effect of exchange rate changes on cash, cash equivalents and restricted cash—-$500.0K$8.5M——-$6.5M
Effective tax rates—$0.2$0.2$0.2—$0.2
Gain (Loss), Foreign Currency Transaction, before Tax—-$10.0M-$13.1M-$6.6M—$5.8M
Gain/(loss) on dispositions, net—$2.1M$1.3M$23.8M—$1.9M
Gain Loss On Sale Of Property Plant Equipment$24.7M$2.1M-$3.6M-$1.5M$23.8M-$1.5M
Gross Profit Percentage0.1%48.2%49.4%49.2%—49.1%
Income taxes paid$182.4M$89.9M$229.5M$138.7M$134.6M$44.2M
Short- and long-term 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
Add - Incremental shares associated with contingently issuable shares (in shares)—3.1M2.9M2.8M—2.4M
Interest capitalized—$13.6M$14.1M$9.5M——
Interest Paid, Excluding Capitalized Interest, Operating Activity$84.6M$119.8M$99.6M$123.9M$109.7M$159.7M
Net interest and investment income (loss)$1.4M$3.3M$2.4M$2.6M$2.9M$2.8M
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, after Amortization Expense—$31.5M$31.9M$29.8M—$35.6M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$670.8M$367.2M-$810.0M$0.0-$942.3M$47.6M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$285.5M-$316.2M-$241.1M-$1.3B-$171.6M-$170.5M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$934.5M-$61.1M$1.1B$1.3B$1.1B$139.1M
Number of operating segments—3.00———3.00
Number of reportable segments—3.00———3.00
Other comprehensive income/(loss) before reclassifications—$106.6M$179.3M$12.0M—$49.6M
Non-cash lease expense$109.2M$123.5M$139.3M$121.4M$124.4M$124.0M
Foreign currency translation—$106.6M$176.2M$10.4M—$49.6M
Other comprehensive income/(loss)—$102.3M$175.0M$7.8M—$47.6M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—$1.1M$1.1M$1.3M—$200.0K
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
Other Nonoperating Income—$10.4M$8.9M$10.0M—$1.6M
Other income, net (Note 6)$14.5M-$2.9M-$4.7M-$2.3M-$11.0M$4.0M
All other operating activities-$60.3M$25.1M———$28.4M
Other income, net$7.9M-$8.9M-$6.3M$4.7M$20.7M-$6.3M
Payments for Environmental Liabilities$1.0M$10.2M$7.7M$9.9M$7.3M$7.3M
Payment for (Proceeds from) Other Investing Activity—$44.5M$20.6M$1.1B—$32.2M
Payments For Repurchase Of Equity$310.2M$351.7M$518.5M$668.2M$118.0M$575.6M
Payments of Dividends$179.8M$200.4M$197.9M$195.7M$195.8M$197.1M
Payments to Acquire Businesses, Net of Cash Acquired$78.9M$82.4M$39.0M$0.0$1.1B$0.0
Payments to Acquire Productive Assets$300.0M$189.3M$181.5M$196.4M$230.4M$138.3M
Proceeds from real estate financing transactions—$40.9M$0.0$0.0——
Proceeds from real estate financing transactions$32.3M$40.7M———$0.0
Financing — other-$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
Proceeds from sale leaseback transaction, amount received—$800.0M————
Cash received from option exercises$47.2M$26.2M$24.4M$67.9M$22.1M$47.6M
Net additions (releases) charged to costs and expenses—$11.9M$17.4M$16.0M—$18.8M
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—$4.3M$4.3M$4.2M—$2.0M
Remaining number of manufacturing sites—3.00———3.00
Repayments of Long-Term Debt$0.0$250.0M—$800.0M—$350.0M
Percent to Net sales—12.3%15.6%16.7%—12.0%
Revenue From Contract With Customer Excluding Assessed Tax$5.3B$5.3B$6.3B$6.4B$5.6B$5.7B
Segment Reporting, Other Segment Item, Amount—$8.5M$8.6M-$5.0M—-$500.0K
Selling General Administrative Expense as Percent Net Sales1.0%33.8%31.9%30.7%0.6%34.8%
Stock-based compensation$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period—198.7K181.8K562.5K—317.6K
Stockholders' Equity, Other—$6.9M$900.0K$51.4M—$500.0K
Stock-based compensation activity—$31.7M$58.4M$98.8M—$23.7M
Average price paid (in dollars per share)—$351.68$357.57$334.10—$359.72
Number of shares purchased (in shares)—1M1.5M2M—1.6M
Treasury stock, value, acquired—$351.7M$518.5M$668.2M—$575.6M
Total Purchase Price—$351.7M$518.5M$668.2M—$575.6M
Cash Flow Hedge Reclassification, Tax—$300.0K$300.0K$300.0K—$300.0K
Pension Reclassification Adjustment, Tax—-$1.1M-$1.1M-$1.3M—-$200.0K
Cash Flow Hedge Reclassification, After Tax—$900.0K$900.0K$1.0M—$1.1M
Currency Translation Adjustment, Net of Tax—$106.6M$176.2M$10.4M—$49.6M
OCI Before Reclassifications, Net of Tax—$106.6M$179.3M$12.0M—$49.6M
Amortization of Net Pension Loss, Net of Tax—-$3.4M-$3.4M-$3.2M—-$900.0K
Reclassification from AOCI, Net of Tax—$4.3M$4.3M$4.2M—$2.0M
Tax Benefit on Pension Amortization—-$1.1M-$1.1M-$1.3M—-$200.0K
Tax on Reclassification of Hedging Instruments—$300.0K$300.0K$300.0K—$300.0K
OCI Defined Benefit Plan, After Tax—$1.1M$1.1M$1.3M—$200.0K
Other Comprehensive Income (Loss)—$606.2M$929.7M$840.9M—$582.3M
OCI Foreign Currency Translation—$106.6M$176.2M$10.4M—$49.6M
OCI Pension Adjustments—$1.1M$1.1M$1.3M—$200.0K
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$102.3M$175.0M$7.8M—$47.6M
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
OCI Net of Tax, Parent—$102.3M$175.0M$7.8M—$47.6M
OCI Pension Reclassification Adjustment, Pre-tax—$1.1M$1.1M$1.3M—$200.0K

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Foreign Currency Transaction Gain (Loss)—-$10.0M-$13.1M-$6.6M—$5.8M
Unrealized Foreign Currency Transaction Gain (Loss)—-$10.0M-$13.1M-$6.6M—$5.8M
Foreign Currency Transaction Gain (Loss)—-$10.0M-$13.1M-$6.6M—$5.8M
Other Non-Cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Gain (Loss) on Investments—$3.2M$6.3M-$3.9M—-$3.3M
Cash Paid for Interest$84.6M$119.8M$99.6M$123.9M$109.7M$159.7M
Foreign exchange gains (losses)—-$10.0M-$13.1M-$6.6M—$5.8M
Other non-cash income (expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Gains on strategic investments, net—$3.2M$6.3M-$3.9M—-$3.3M
Net Interest and Investment Income (Loss)$1.4M$3.3M$2.4M$2.6M$2.9M$2.8M
Foreign Currency Transaction Gain (Loss), Pre-tax—-$10.0M-$13.1M-$6.6M—$5.8M
Other Charges$14.5M-$2.9M-$4.7M-$2.3M-$11.0M$4.0M
Foreign Currency Transaction Gain (Loss)—-$10.0M-$13.1M-$6.6M—$5.8M
Gains (losses) on equity investments—$3.2M$6.3M-$3.9M—-$3.3M
Interest expense$98.5M$103.8M$112.4M$117.2M$131.6M$131.6M
Other non-operating expense—$9.9M$6.0M$1.1M—$0.0
OCI Defined Benefit Plans—$1.1M$1.1M$1.3M—$200.0K
Other Non-Cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Investment income, net$1.4M$3.3M$2.4M$2.6M$2.9M$2.8M
Foreign currency transaction gain (loss)—-$10.0M-$13.1M-$6.6M—$5.8M
Foreign Currency Transaction Gain (Loss), Before Tax—-$10.0M-$13.1M-$6.6M—$5.8M
Gains on disposal of investments and other property—$3.2M$6.3M-$3.9M—-$3.3M
Non-service pension and postretirement benefit expense—-$3.4M-$3.4M-$3.4M—$100.0K
Other Non-cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M
Interest Costs Capitalized—$13.6M$14.1M$9.5M——
Other Non-Cash Income (Expense)$25.4M-$2.6M-$9.1M$18.9M-$9.8M-$5.5M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net$7.9M-$8.9M-$6.3M$4.7M$20.7M-$6.3M
Stock-Based Compensation Expense$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M
Amortization of Finite-Lived Intangible Assets$81.8M$81.0M$83.4M$84.1M$88.1M$88.5M
Share-Based Compensation Expense$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M
Amortization expense$81.8M$81.0M$83.4M$84.1M$88.1M$88.5M
Adjustment for Amortization—$81.0M$83.4M$84.1M—$88.5M
Bad Debt Expense—$3.9M$9.1M$11.2M—$6.5M
Other nonrecurring (income) expense—$7.9M$7.2M$8.5M—$8.1M
Stock-based compensation expense$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M
Other operating income (expense), net$7.9M-$8.9M-$6.3M$4.7M$20.7M-$6.3M
Selling, general and administrative$1.9B$1.8B$2.0B$2.0B$1.9B$2.0B
Share-Based Compensation$55.5M$26.6M$34.0M$30.9M$32.0M$29.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income$7.9M-$8.9M-$6.3M$4.7M$20.7M-$6.3M
Other operating income (expense), net$7.9M-$8.9M-$6.3M$4.7M$20.7M-$6.3M
Gross profit$2.6B$2.6B$3.1B$3.1B$2.7B$2.8B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share (Declared)—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Basic earnings per share$1.92$2.02$3.04$3.38$1.94$2.18
Diluted earnings per share$1.90$2.00$3.00$3.35$1.92$2.15
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common stock dividends per share declared—$0.8$0.8$0.8—$0.8
Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Dividends per share declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Dividends per share declared—$0.8$0.8$0.8—$0.8
Dividends per share declared—$0.8$0.8$0.8—$0.8
Dividends per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common stock dividends per share declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$0.8
Common stock dividends per share declared—$0.8$0.8$0.8—$0.8
Weighted-average shares, basic—249.4M248.4M246.2M—245.7M
Weighted-average shares, diluted—252.5M251.3M249M—248.1M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income tax expense$135.5M$149.1M$231.0M$227.4M$162.2M$145.1M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate Continuing Operations—$0.2$0.2$0.2—$0.2

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)—$0.8$0.8$0.8—$0.8
OCI Attributable to Parent—$102.3M$175.0M$7.8M—$47.6M
Net income$480.1M$503.9M$754.7M$833.1M$476.8M$534.7M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$615.6M$653.0M$985.7M$1.1B$639.0M$679.8M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$2.7B$2.7B$3.2B$3.2B$2.9B$2.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$5.3B$5.3B$6.3B$6.4B$5.6B$5.7B