Sherwin-WilliamsSHWEarnings & Financial Report
Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products with operations in over 120 countries. As of 2024, it is the largest coatings company in the world by revenue.
Revenue
$6.4B
Gross Profit
$3.1B
Operating Profit
$1.1B
Net Profit
$833.1M
Gross Margin
49.2%
Operating Margin
16.7%
Net Margin
13.1%
YoY Growth
3.2%
EPS
$3.35
Sherwin-Williams Q3 FY2025 Financial Summary
Sherwin-Williams reported revenue of $6.4B (up 3.2% YoY) for Q3 FY2025, with a net profit of $833.1M (up 3.3% YoY) (13.1% margin). Cost of goods sold was $3.2B, operating expenses totaled $2.1B.
Key Financial Metrics
| Total Revenue | $6.4B |
|---|---|
| Net Profit | $833.1M |
| Gross Margin | 49.2% |
| Operating Margin | 16.7% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Sherwin-Williams Q3 FY2025 revenue of $6.4B breaks down across 3 segments, led by Paint Stores Group at $3.8B (60.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Paint Stores Group | $3.8B | 60.3% |
| Performance Coatings Group | $1.8B | 27.5% |
| Consumer Brands Group | $770.1M | 12.1% |
Sherwin-Williams Revenue by Segment — Quarterly Trend
Sherwin-Williams revenue by segment across the last 4 reported quarters, showing how each business line (such as Paint Stores Group and Performance Coatings Group) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Paint Stores Group | — | $3.1B | $3.8B | $3.7B |
| Performance Coatings Group | — | $1.6B | $1.8B | $1.8B |
| Consumer Brands Group | — | $824.7M | $770.1M | $809.4M |
Sherwin-Williams Annual Revenue by Year
Sherwin-Williams annual revenue history includes year-by-year totals (for example, 2025 revenue was $23.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $23.6B |
| 2024 | $23.1B |
| 2023 | $23.1B |
| 2022 | $22.1B |
Sherwin-Williams Quarterly Revenue & Net Profit History
Sherwin-Williams results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $5.7B | +6.8% | $534.7M | 9.4% |
| Q4 FY2025 | $5.6B | +5.6% | $476.8M | 8.5% |
| Q3 FY2025 | $6.4B | +3.2% | $833.1M | 13.1% |
| Q2 FY2025 | $6.3B | +0.7% | $754.7M | 12.0% |
| Q1 FY2025 | $5.3B | -1.1% | $503.9M | 9.5% |
| Q4 FY2024 | $5.3B | +0.9% | $480.1M | 9.1% |
| Q3 FY2024 | $6.2B | +0.7% | $806.2M | 13.1% |
| Q2 FY2024 | $6.3B | +0.5% | $889.9M | 14.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.27B | $6.16B | $5.30B | $5.31B | $6.31B | $6.36B | $5.60B | $5.67B |
| YoY Growth | 0.5% | 0.7% | 0.9% | -1.1% | 0.7% | 3.2% | 5.6% | 6.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $23.73B | $23.97B | $23.63B | $24.64B | $25.36B | $26.21B | $25.90B | $26.38B |
| Liabilities | $19.98B | $19.81B | $19.58B | $20.51B | $20.96B | $21.78B | $21.30B | $21.95B |
| Equity | $3.75B | $4.16B | $4.05B | $4.13B | $4.40B | $4.43B | $4.60B | $4.43B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.20B | $1.07B | $934.5M | $-61.1M | $1.11B | $1.31B | $1.09B |