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Sherwin-Williams SHW Effective tax rates

Effective tax rates at other companies

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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$89.75B+1.5%
Enterprise value$105.92B+3.2%
P/E33.4×-1.4×
P/S3.7×-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:EffectiveIncomeTaxRateContinuingOperations.

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

The effective tax rate was 24.2% and 23.1% for the second quarter and first six months of 2026, compared to 23.4% and 23.2% for the second quarter and first six months of 2025. The increase in the effective tax rate for the second quarter was primarily due to a less favorable impact from tax benefits related to employee share-based payments. The effective tax rate was essentially flat for the first six months of 2026 compared to the same period last year. The other significant components of the Company’s effective tax rate were consistent year-over-year.

Item 1. Financial Statements

FAQ

What is Sherwin-Williams's effective tax rates?
Sherwin-Williams (SHW) reported effective tax rates of $0.24 in Q2 2026.
How has Sherwin-Williams's effective tax rates changed year-over-year?
Sherwin-Williams's effective tax rates increased by 3.4% year-over-year, from $0.23 to $0.24.

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