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Sherwin-Williams SHW Supplier Finance Program Obligations

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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:SupplierFinanceProgramObligation.

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

As part of our strategy to manage working capital, we have entered into agreements with various financial institutions that act as intermediaries between the Company and certain suppliers. Liabilities associated with these arrangements are recorded in Accounts payable on the Consolidated Balance Sheets and amounted to $213.6 million, $206.1 million and $222.2 million at June 30, 2026, December 31, 2025 and June 30, 2025, respectively.

Item 1. Financial Statements

FAQ

What is Sherwin-Williams's supplier finance program obligations?
Sherwin-Williams (SHW) reported supplier finance program obligations of $213.6M in Q2 2026.
How has Sherwin-Williams's supplier finance program obligations changed year-over-year?
Sherwin-Williams's supplier finance program obligations decreased by 3.9% year-over-year, from $222.2M to $213.6M.
What is the long-term trend for Sherwin-Williams's supplier finance program obligations?
Over 3 years (2022 to 2025), Sherwin-Williams's supplier finance program obligations has grown at a -7.2% compound annual growth rate (CAGR), from $258.1M to $206.1M.

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