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Sherwin-Williams SHW Paint Stores Group — Goodwill

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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$82.74B-4.6%
Enterprise value$98.91B-2.0%
P/E30.8×-3.3×
P/S3.4×-0.4×

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:Goodwill.

The source filing: Sherwin-Williams’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 2:54 PM EST
Fiscal year
FY2025
Accession
0000089800-26-000008
Goodwill (1)Paint Stores GroupConsumer Brands GroupPerformance Coatings GroupConsolidated Totals
Currency and other adjustments(9.1)43.634.5
Balance at December 31, 20232,376.11,792.83,457.17,626.0
Acquisitions and acquisition adjustments48.248.2
Currency and other adjustments(0.3)(93.8)(94.1)
Balance at December 31, 20242,376.11,792.53,411.57,580.1
Acquisitions and acquisition adjustments31.6247.827.4306.8
Currency and other adjustments0.1(7.5)157.1149.7
Balance at December 31, 2025$2,407.8$2,032.8$3,596.0$8,036.6

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Sherwin-Williams's paint stores group — goodwill?
Sherwin-Williams (SHW) reported paint stores group — goodwill of $2.41B in Q4 2025.
How has Sherwin-Williams's paint stores group — goodwill changed year-over-year?
Sherwin-Williams's paint stores group — goodwill increased by 7.9% year-over-year, from $2.23B to $2.41B.
What does paint stores group — goodwill mean?
Represents the total carrying value of goodwill allocated to the specific business segment. This asset arises from historical acquisitions where the purchase price exceeded the fair value of identifiable net assets, reflecting the segment's brand strength and market position.

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