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Sherwin-Williams SHW Paint Stores Group — Goodwill Acquired

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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:GoodwillAcquiredDuringPeriod.

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 acquired?
Sherwin-Williams (SHW) reported paint stores group — goodwill acquired of $7.9M in Q4 2025.
What does paint stores group — goodwill acquired mean?
The value of goodwill recognized specifically from business combinations completed within the current reporting period for this segment. It represents the premium paid for acquired companies that is not attributable to tangible assets.

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