Financials in USD. Standardized financial statements.
A compact view of how The Sherwin-Williams Company turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $23.57B | $23.10B | $23.05B | $22.15B | $19.94B | $18.36B | $17.90B | $17.53B | $14.98B | $11.86B |
| Revenue Growth? | +2.1% | +0.2% | +4.1% | +11.1% | +8.6% | +2.6% | +2.1% | +17.0% | +26.4% | 0.0% |
| Cost of Revenue? | $12.04B | $11.90B | $12.29B | $12.82B | $11.40B | $9.68B | $9.86B | $10.12B | $8.27B | $5.93B |
| Gross Profit? | $11.54B | $11.20B | $10.76B | $9.33B | $8.54B | $8.68B | $8.04B | $7.42B | $6.72B | $5.92B |
| Gross Margin? | +48.9% | +48.5% | +46.7% | +42.1% | +42.8% | +47.3% | +44.9% | +42.3% | +44.8% | +49.9% |
| Operating Expenses? | $7.73B | $7.43B | $7.15B | $6.32B | $5.88B | $5.83B | $5.61B | $5.53B | $5.02B | $4.21B |
| Operating Income? | $3.80B | $3.76B | $3.61B | $3.00B | $2.66B | $2.85B | $2.43B | $1.89B | $1.70B | $1.71B |
| EBITDA? | $4.40B | $4.49B | $4.15B | $3.54B | $3.16B | $3.44B | $2.91B | $2.32B | $2.22B | $1.95B |
| Income Before Tax | $3.34B | $3.45B | $3.11B | $2.57B | $2.25B | $2.52B | $1.98B | $1.36B | $1.53B | $1.60B |
| Income Tax Expense | $769.70M | $770.40M | $721.10M | $553.00M | $384.20M | $488.80M | $440.50M | $250.90M | -$285.58M | $462.53M |
| Net Income? | $2.57B | $2.68B | $2.39B | $2.02B | $1.86B | $2.03B | $1.54B | $1.11B | $1.77B | $1.13B |
| EPS? | $10.38 | $10.68 | $9.35 | $7.83 | $7.10 | $7.49 | $5.60 | $3.97 | $6.36 | $4.11 |
| Diluted EPS? | $10.27 | $10.55 | $9.25 | $7.72 | $6.98 | $7.35 | $5.50 | $3.89 | $6.22 | $4.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality