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Sherwin-Williams SHW Operating Lease Liabilities

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Other financials

Income statement

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Revenue$6.8B+7.5%
Gross profit$3.3B+7.0%
Operating income$1.3B+1.7%
Net income$843.6M+11.8%
EPS (diluted)$3.43+14.3%

Balance sheet

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Cash & equivalents$293.5M+8.8%
Total debt$16.5B+13.7%
Total equity$3.9B-12.4%
Total assets$27.0B+6.3%

Cash flow

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Operating cash flow$1.3B+21.1%
CapEx$108.4M-40.3%
Free cash flow$1.2B+33.1%

Valuation

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Market cap$88.22B+0.9%
Enterprise value$104.39B+2.7%
P/E32.8×-1.5×
P/S3.6×-0.2×

Profitability

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Gross margin49%+0.1pp
Net margin11%0.0pp
FCF margin13.2%+3.8pp

Returns & leverage

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Return on equity65.1%+2.7pp
Debt / equity4.3×+1.0×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by Sherwin-Williams in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Sherwin-Williams’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 1:54 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000089800-26-000049
(in millions)June 30,2026December 31,2025June 30,2025
Long-term debt8,327.39,320.77,828.9
Postretirement benefits other than pensions133.4129.8120.7
Deferred income taxes757.2765.3560.9
Long-term operating lease liabilities1,656.81,591.51,603.2
Other long-term liabilities2,595.02,575.82,652.6
Shareholders’ equity:
Common stock - $0.33-1/3 par value per share:
242.8 million, 247.7 million and 249.3 million shares outstanding

Item 1. Financial Statements

FAQ

What is Sherwin-Williams's operating lease liabilities?
Sherwin-Williams (SHW) reported operating lease liabilities of $1.66B in Q2 2026.
How has Sherwin-Williams's operating lease liabilities changed year-over-year?
Sherwin-Williams's operating lease liabilities increased by 3.3% year-over-year, from $1.6B to $1.66B.
What is the long-term trend for Sherwin-Williams's operating lease liabilities?
Over 5 years (2020 to 2025), Sherwin-Williams's operating lease liabilities has grown at a 2.1% compound annual growth rate (CAGR), from $1.43B to $1.59B.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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