Operating
Depreciation
Sherwin-Williams Depreciation remained flat by 0.0% to $98.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 23.0%, from $79.90M to $98.30M. Over 4 years (FY 2021 to FY 2025), Depreciation shows an upward trend with a 6.6% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 28, 2026
How to read this metric
Higher depreciation relative to capital expenditures may suggest aging assets, while lower levels relative to revenue may indicate high asset efficiency.
Detailed definition
Depreciation is a non-cash accounting charge that allocates the cost of tangible assets over their useful lives. It refl...
Peer comparison
Standardized for capital-intensive industries; peers in manufacturing typically show significant depreciation expenses.
Metric ID:
operating_depreciationHistorical 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 | $71.00M | $63.40M | $63.30M | $65.50M | $64.80M | $64.50M | $69.20M | $70.40M | $75.70M | $71.90M | $74.30M | $71.10M | $71.80M | $74.40M | $80.10M | $79.90M | $79.30M | $82.80M | $98.30M | $98.30M |
| QoQ Change | — | -10.7% | -0.2% | +3.5% | -1.1% | -0.5% | +7.3% | +1.7% | +7.5% | -5.0% | +3.3% | -4.3% | +1.0% | +3.6% | +7.7% | -0.2% | -0.8% | +4.4% | +18.7% | +0.0% |
| YoY Change | — | — | — | — | -8.7% | +1.7% | +9.3% | +7.5% | +16.8% | +11.5% | +7.4% | +1.0% | -5.2% | +3.5% | +7.8% | +12.4% | +10.4% | +11.3% | +22.7% | +23.0% |
Range$63.30M – $98.30M
CAGR+7.1%
Avg YoY Growth+8.3%
Median YoY Growth+8.6%
Current Streak3 quarters growth
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Consumer Brands Group | $39.20M | $42.70M | $43.60M | $45.90M | $42.10M | $45.60M | $51.70M | $52.90M |
| Paint Stores Group | $21.90M | $21.70M | $24.90M | $22.10M | $22.00M | $23.20M | $22.90M | $23.70M |
| Performance Coatings Group | $4.00M | $3.50M | $4.80M | $4.80M | $4.60M | $4.40M | $5.20M | $5.00M |
| Total | $71.80M | $74.40M | $80.10M | $79.90M | $79.30M | $82.80M | $98.30M | $98.30M |
Depreciation at Other Companies
Frequently Asked Questions
- What is Sherwin-Williams's depreciation?
- Sherwin-Williams (SHW) reported depreciation of $98.30M in Q1 2026.
- How has Sherwin-Williams's depreciation changed year-over-year?
- Sherwin-Williams's depreciation increased by 23.0% year-over-year, from $79.90M to $98.30M.
- What is the long-term trend for Sherwin-Williams's depreciation?
- Over 4 years (2021 to 2025), Sherwin-Williams's depreciation has grown at a 6.6% compound annual growth rate (CAGR), from $263.10M to $340.30M.
- What does depreciation mean?
- The systematic reduction in the recorded value of physical assets over time.