Sherwin-Williams SHW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Sales by Business | ||||||
| Consumer Brands Group | $2.19B+10.2% | $2.06B+8.9% | $2.23B+1.4% | $2.28B-0.7% | $1.98B-2.0% | |
| Paint Stores Group | $3.05B+3.7% | $3.13B+2.7% | $3.84B+5.1% | $3.7B+2.3% | $2.94B+2.3% | |
| Performance Coatings Group | $1.72B+6.9% | $1.65B+3.4% | $1.76B+1.7% | $1.81B-0.2% | $1.61B-6.5% | |
| Percent to Net sales by Business | ||||||
| Consumer Brands Group | 21.7%+4.4pp | —— | 20.4%-0.5pp | 20.3%-3.9pp | 17.3%-1.6pp | |
| Paint Stores Group | 18.3%-0.1pp | —— | 24.9%+0.4pp | 24.8%-0.3pp | 18.4%+1.2pp | |
| Performance Coatings Group | 13.6%+0.3pp | 0.4%— | 13.7%-1.4pp | 13.6%-3.1pp | 13.3%-0.8pp | |
| Other segment items by Business | ||||||
| Consumer Brands Group | -$6.2M-789% | $7M+34.6% | $5.7M+470% | $7.5M+400% | $900K-86.6% | |
| Paint Stores Group | $1.9M+183% | $10.9M+225% | -$5.8M-205% | -$2.2M+37.1% | -$2.3M+66.7% | |
| Performance Coatings Group | -$4.9M-169% | $9M+300% | $100K-92.3% | $4.5M+121% | $7.1M+373% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Consumer Brands Group | $197.2M+49.5% | $56.2M-15.6% | $157.3M-5.0% | $164.2M-19.7% | $131.9M-14.0% | |
| Paint Stores Group | $558.8M+3.3% | $649.5M+7.1% | $954.3M+6.5% | $916.5M+1.0% | $541.2M+9.7% | |
| Performance Coatings Group | $232.4M+9.3% | $244.6M+6.8% | $240.3M-7.5% | $245.1M-18.7% | $212.7M-10.5% | |
| Cost of goods sold by Business | ||||||
| Consumer Brands Group | $1.74B+6.3% | $1.75B+8.5% | $1.86B+1.9% | $1.89B+1.1% | $1.63B-0.4% | |
| Paint Stores Group | $1.33B+1.9% | $1.33B-0.4% | $1.7B+5.2% | $1.61B-0.7% | $1.31B-1.0% | |
| Performance Coatings Group | $1.11B+6.9% | $1.04B+3.5% | $1.16B+3.8% | $1.18B+1.2% | $1.04B-7.6% | |
| Identifiable assets by Business | ||||||
| Consumer Brands Group | $8.32B+16.3% | $8.03B+17.1% | $6.96B+2.9% | $7.15B+6.6% | $7.16B+4.5% | |
| Paint Stores Group | $6.55B+6.6% | $6.38B+8.5% | $6.61B+8.3% | $6.45B+3.9% | $6.14B+3.5% | |
| Performance Coatings Group | $7.88B-2.4% | $7.86B+0.2% | $7.99B-1.8% | $8.29B+1.9% | $8.07B-1.8% | |
| Selling, general and administrative expenses by Business | ||||||
| Consumer Brands Group | $259.3M+19.1% | $247.3M+20.2% | $211.8M-0.2% | $219.1M-1.4% | $217.7M-2.4% | |
| Paint Stores Group | $1.16B+5.9% | $1.13B+2.3% | $1.19B+4.3% | $1.17B+7.6% | $1.09B+2.6% | |
| Performance Coatings Group | $384M+9.2% | $358.3M-2.9% | $358.1M+2.1% | $378.2M+3.6% | $351.5M-1.9% | |
| Interest Expense by Business | ||||||
| Consumer Brands Group | $0— | $0-100% | -$100K— | $100K— | $0— | |
| Paint Stores Group | $0— | $0— | $0— | $0— | $0— | |
| Performance Coatings Group | $0— | $0— | $0— | $0— | $0— | |
| Depreciation by Business | ||||||
| Consumer Brands Group | $52.9M+15.3% | $51.7M+18.6% | $45.6M+6.8% | $42.1M+7.4% | $45.9M+23.4% | |
| Paint Stores Group | $23.7M+7.2% | $22.9M-8.0% | $23.2M+6.9% | $22M+0.5% | $22.1M+3.3% | |
| Performance Coatings Group | $5M+4.2% | $5.2M+8.3% | $4.4M+25.7% | $4.6M+15.0% | $4.8M-15.8% | |
| Amortization by Business | ||||||
| Consumer Brands Group | $20.7M+23.2% | $21M+27.3% | $17M+2.4% | $17M+4.3% | $16.8M-1.2% | |
| Paint Stores Group | $2.1M+425% | $2.4M+500% | $2.4M+1,100% | $400K+33.3% | $400K-50.0% | |
| Performance Coatings Group | $65.4M+3.0% | $64.5M0.0% | $64.5M+0.6% | $65.8M+2.3% | $63.5M-0.5% | |
| CapEx by Business | ||||||
| Consumer Brands Group | $51.7M-9.1% | $102.2M+5.8% | $51.7M-21.2% | $82.3M+87.0% | $56.9M-29.5% | |
| Paint Stores Group | $18.6M-30.3% | $27.4M-33.5% | $31.4M-6.8% | $34.7M+13.0% | $26.7M-25.2% | |
| Performance Coatings Group | $3.8M-69.4% | $0-100% | $11.7M+18.2% | $13.8M+263% | $12.4M— | |
| Concentration of credit risk percentage (in percent) by Geography | ||||||
| EMEAI Region | 10%0.0pp | —— | —— | —— | 10%0.0pp | |
| North America | 80%0.0pp | —— | —— | —— | 80%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Sherwin-Williams break its business down?
- Sherwin-Williams (SHW) reports net sales by business across 3 parts — Consumer Brands Group, Paint Stores Group and Performance Coatings Group. Each is extracted from the segment footnotes and tracked over time.
- Where does Sherwin-Williams's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Sherwin-Williams's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
