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Sherwin-Williams SHW Paint Stores Group — Reclassification related to segment change

Other segment segments

Performance Coatings Group
-$144.3M

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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:GoodwillTransfers.

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
Balance at January 1, 2023$2,231.8$1,801.9$3,549.5$7,583.2
Reclassification related to segment change (2)144.3(144.3)
Acquisitions and acquisition adjustments8.38.3
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

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Sherwin-Williams's paint stores group — reclassification related to segment change?
Sherwin-Williams (SHW) reported paint stores group — reclassification related to segment change of $36.08M in Q4 2025.
What does paint stores group — reclassification related to segment change mean?
Reflects the financial impact of shifting assets, liabilities, or revenue streams between reporting segments due to organizational restructuring. This ensures historical comparability when the company changes how it manages or reports its business units.

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