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Sherwin-Williams SHW Paint Stores Group — Depreciation

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Consumer Brands Group
$54.4M+29.2%
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$5M+8.7%

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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$89.74B+2.6%
Enterprise value$105.91B+4.2%
P/E33.4×-1.0×
P/S3.7×-0.1×

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:Depreciation.

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
Line itemPaint Stores GroupConsumer Brands GroupPerformance Coatings GroupAdministrativeConsolidated Totals
Other segment items (1)0.2(1.0)0.2(13.5)(14.1)
Income before income taxes$957.6$212.9$273.3$(331.3)$1,112.5
Percent to Net sales24.6%21.6%14.3%nm16.4%
Supplemental Information:
Capital expenditures$25.3$53.7$5.7$23.7$108.4
Depreciation (2)23.054.45.016.198.5
Amortization (3)2.821.164.087.9
nm - not meaningful

Item 1. Financial Statements

FAQ

What is Sherwin-Williams's paint stores group — depreciation?
Sherwin-Williams (SHW) reported paint stores group — depreciation of $23M in Q2 2026.
How has Sherwin-Williams's paint stores group — depreciation changed year-over-year?
Sherwin-Williams's paint stores group — depreciation increased by 4.5% year-over-year, from $22M to $23M.
What is the long-term trend for Sherwin-Williams's paint stores group — depreciation?
Over 4 years (2021 to 2025), Sherwin-Williams's paint stores group — depreciation has grown at a 6.1% compound annual growth rate (CAGR), from $71.3M to $90.2M.
What does paint stores group — depreciation mean?
This is the systematic allocation of the cost of tangible assets, such as store fixtures and equipment, over their useful lives. It reflects the wear and tear of the segment's physical infrastructure.

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