Sherwin-Williams (SHW) income statement
NYSE · Basic Materials · Chemicals - Specialty · 64,249 employees · CEO Heidi G. Petz
- Price
- $332.61 +0.76%
- Market cap
- $80.4B
- Enterprise value
- $94.1B
- Last report
- Q3 '26 filed 2026-10-27
- Next report
- 2027-01-28 EPS est. $2.34
Sherwin-Williams (SHW) reported revenue of $6.86B for Q3 '26 (+7.9% year on year), operating income of $1.2B (17.5% of revenue) and net income of $821M. Over the last four quarters revenue was $24.9B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.25B | $5.37B | $6.27B | $6.16B | $5.3B | $5.31B | $6.31B | $6.36B | $5.6B | $5.67B | $6.79B | $6.86B | |
| Cost of revenue | $2.7B | $2.84B | $3.21B | $3.14B | $2.72B | $2.75B | $3.2B | $3.23B | $2.86B | $2.89B | $3.45B | $3.58B | |
| Gross profit | $2.55B | $2.53B | $3.06B | $3.03B | $2.57B | $2.56B | $3.12B | $3.13B | $2.73B | $2.78B | $3.34B | $3.28B | |
| General & administrative | $1.85B | $1.8B | $1.85B | $1.89B | $1.89B | $1.8B | $2.02B | $1.95B | $1.94B | $1.97B | $0 | $0 | |
| Other operating expenses | $28M | $3.6M | -$14.1M | $2.8M | $6.4M | $3.1M | $400K | $0 | $17.8M | $0 | $3.4M | $5.2M | |
| Operating expenses | $1.87B | $1.81B | $1.83B | $1.9B | $1.9B | $1.8B | $2.02B | $1.95B | $1.95B | $1.97B | $2.11B | $2.07B | |
| Operating income | $675M | $726M | $1.23B | $1.13B | $674M | $754M | $1.1B | $1.17B | $779M | $811M | $1.23B | $1.2B | |
| Interest income | $9.4M | $6.1M | $900K | $2.6M | $1.4M | $3.3M | $2.4M | $2.6M | $2.9M | $2.8M | $5.4M | $5.9M | |
| Interest expense | $94.6M | $106M | $115M | $107M | $103M | $108M | $112M | $117M | $132M | $132M | $136M | $139M | |
| Other non-operating income (gains on investments, FX ...) | $106M | -$17.2M | -$52.7M | $4.9M | -$40.6M | -$2.5M | $1M | -$5M | $8.1M | -$500K | -$17.5M | $100K | |
| Total non-operating income | -$201M | -$85.8M | -$58.1M | -$108M | -$57.9M | -$101M | -$113M | -$112M | -$140M | -$131M | -$118M | -$139M | |
| Income before tax | $474M | $640M | $1.17B | $1.02B | $616M | $653M | $986M | $1.06B | $639M | $680M | $1.11B | $1.06B | |
| Income tax | $118M | $135M | $284M | $217M | $136M | $149M | $231M | $227M | $162M | $145M | $269M | $243M | |
| Net income | $356M | $505M | $890M | $806M | $480M | $504M | $755M | $833M | $477M | $535M | $844M | $821M | |
| EPS (basic) | $1.40 | $2.00 | $3.55 | $3.22 | $1.92 | $2.02 | $3.04 | $3.38 | $1.94 | $2.18 | $3.45 | $3.41 | |
| EPS (diluted) | $1.39 | $1.97 | $3.50 | $3.18 | $1.90 | $2.00 | $3.00 | $3.35 | $1.92 | $2.15 | $3.43 | $3.38 | |
| Shares (basic, weighted) | 254M | 253M | 251M | 251M | 253M | 249M | 249M | 246M | 246M | 246M | 245M | 241M | |
| Shares (diluted, weighted) | 257M | 256M | 254M | 254M | 254M | 253M | 252M | 249M | 249M | 248M | 247M | 243M | |
| Depreciation & amortization | $154M | $153M | $153M | $156M | $162M | $161M | $163M | $167M | $186M | $187M | $186M | $0 | |
| EBITDA | $723M | $896M | $1.44B | $1.28B | $876M | $918M | $1.26B | $1.34B | $957M | $998M | $1.43B | $1.2B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9B | $15B | $17.5B | $17.9B | $18.4B | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B | |
| Cost of revenue | $5.93B | $8.27B | $10.1B | $9.86B | $9.68B | $11.4B | $12.8B | $12.3B | $11.9B | $12B | |
| Gross profit | $5.92B | $6.72B | $7.42B | $8.04B | $8.68B | $8.54B | $9.33B | $10.8B | $11.2B | $11.5B | |
| General & administrative | $4.14B | $4.8B | $5.03B | $5.27B | $5.48B | $5.88B | $6.33B | $7.07B | $7.43B | $7.71B | |
| Other operating expenses | $68.3M | $222M | $494M | $336M | $351M | -$4M | -$7.1M | $80.7M | -$1.3M | $21.3M | |
| Operating expenses | $4.21B | $5.02B | $5.53B | $5.61B | $5.83B | $5.88B | $6.32B | $7.15B | $7.43B | $7.73B | |
| Operating income | $1.71B | $1.7B | $1.89B | $2.43B | $2.85B | $2.66B | $3B | $3.61B | $3.76B | $3.8B | |
| Interest income | $4.96M | $16.2M | $9.56M | $25.9M | $3.6M | $4.9M | $8M | $25.2M | $11M | $11.2M | |
| Interest expense | $89.9M | $273M | $376M | $360M | $351M | $345M | $403M | $433M | $431M | $469M | |
| Other non-operating income (gains on investments, FX ...) | -$36.7M | -$33.8M | $164M | $94.3M | -$7.4M | $81.4M | $36.7M | $79M | -$106M | -$2.3M | |
| Total non-operating income | -$117M | -$230M | -$531M | -$444M | -$335M | -$416M | -$428M | -$497M | -$310M | -$467M | |
| Income before tax | $1.6B | $1.53B | $1.36B | $1.98B | $2.52B | $2.25B | $2.57B | $3.11B | $3.45B | $3.34B | |
| Income tax | $463M | -$286M | $251M | $441M | $489M | $384M | $553M | $721M | $770M | $770M | |
| Net income | $1.13B | $1.77B | $1.11B | $1.54B | $2.03B | $1.86B | $2.02B | $2.39B | $2.68B | $2.57B | |
| EPS (basic) | $4.11 | $6.36 | $3.97 | $5.60 | $7.49 | $7.10 | $7.83 | $9.35 | $10.68 | $10.38 | |
| EPS (diluted) | $4.00 | $6.22 | $3.89 | $5.50 | $7.35 | $6.98 | $7.72 | $9.25 | $10.55 | $10.27 | |
| Shares (basic, weighted) | 276M | 279M | 279M | 275M | 269M | 263M | 258M | 255M | 254M | 246M | |
| Shares (diluted, weighted) | 283M | 285M | 285M | 280M | 274M | 267M | 262M | 258M | 254M | 249M | |
| Depreciation & amortization | $197M | $492M | $596M | $575M | $581M | $573M | $581M | $623M | $624M | $677M | |
| EBITDA | $1.95B | $2.22B | $2.32B | $2.91B | $3.44B | $3.16B | $3.55B | $4.15B | $4.49B | $4.48B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01