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Sherwin-Williams SHW Performance Coatings 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
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 performance coatings group — goodwill acquired?
Sherwin-Williams (SHW) reported performance coatings group — goodwill acquired of $6.85M in Q4 2025.
How has Sherwin-Williams's performance coatings group — goodwill acquired changed year-over-year?
Sherwin-Williams's performance coatings group — goodwill acquired decreased by 43.2% year-over-year, from $12.05M to $6.85M.
What is the long-term trend for Sherwin-Williams's performance coatings group — goodwill acquired?
Over 4 years (2021 to 2025), Sherwin-Williams's performance coatings group — goodwill acquired has grown at a -35.2% compound annual growth rate (CAGR), from $155.6M to $27.4M.
What does performance coatings group — goodwill acquired mean?
The value of goodwill added to the segment's balance sheet specifically from business combinations completed during the current reporting period. It highlights the scale of recent inorganic growth investments.

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