S

THE SHERWIN-WILLIAMS COMPANY

SHW · CIK 0000089800

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$23.57B2.1%
FY2025
Net income (FY)
$2.57B4.2%
FY2025
Free cash flow (FY)
$2.65B27.4%
FY2025
Diluted EPS (FY)
$10.262.7%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2007 · Revenue $8.01B · Net income $615.6M · 0000950123-10-016198 · filed 2010-02-24FY07Revenue $8.01BNet income $615.6M0000950123-10-016198 · filed 2010-02-24FY2008 · Revenue $7.98B · Net income $476.9M · 0000950123-11-017092 · filed 2011-02-23FY08Revenue $7.98BNet income $476.9M0000950123-11-017092 · filed 2011-02-23FY2009 · Revenue $7.09B · Net income $435.8M · 0000950123-11-017092 · filed 2011-02-23 · 0001193125-12-075061 · filed 2012-02-23FY09Revenue $7.09BNet income $435.8M0000950123-11-017092 · filed 2011-02-23 · 0001193125-12-075061 · filed 2012-02-23FY2010 · Revenue $7.78B · Net income $462.5M · 0000950123-11-017092 · filed 2011-02-23 · 0000089800-13-000046 · filed 2013-02-28FY10Revenue $7.78BNet income $462.5M0000950123-11-017092 · filed 2011-02-23 · 0000089800-13-000046 · filed 2013-02-28FY2011 · Revenue $8.77B · Net income $441.9M · 0000089800-14-000045 · filed 2014-02-27FY11Revenue $8.77BNet income $441.9M0000089800-14-000045 · filed 2014-02-27FY2012 · Revenue $9.53B · Net income $631.0M · 0000089800-15-000004 · filed 2015-02-25FY12Revenue $9.53BNet income $631.0M0000089800-15-000004 · filed 2015-02-25FY2013 · Revenue $10.19B · Net income $752.6M · 0000089800-16-000026 · filed 2016-02-24FY13Revenue $10.19BNet income $752.6M0000089800-16-000026 · filed 2016-02-24FY2014 · Revenue $11.13B · Net income $865.9M · 0000089800-17-000005 · filed 2017-02-22FY14Revenue $11.13BNet income $865.9M0000089800-17-000005 · filed 2017-02-22FY2015 · Revenue $11.34B · Net income $1.05B · 0000089800-18-000004 · filed 2018-02-23FY15Revenue $11.34BNet income $1.05B0000089800-18-000004 · filed 2018-02-23FY2016 · Revenue $11.86B · Net income $1.13B · 0000089800-19-000004 · filed 2019-02-22FY16Revenue $11.86BNet income $1.13B0000089800-19-000004 · filed 2019-02-22FY2017 · Revenue $14.98B · Net income $1.73B · 0000089800-20-000005 · filed 2020-02-21FY17Revenue $14.98BNet income $1.73B0000089800-20-000005 · filed 2020-02-21FY2018 · Revenue $17.53B · Net income $1.11B · 0000089800-21-000010 · filed 2021-02-19FY18Revenue $17.53BNet income $1.11B0000089800-21-000010 · filed 2021-02-19FY2019 · Revenue $17.90B · Net income $1.54B · 0000089800-22-000007 · filed 2022-02-17FY19Revenue $17.90BNet income $1.54B0000089800-22-000007 · filed 2022-02-17FY2020 · Revenue $18.36B · Net income $2.03B · 0000089800-23-000007 · filed 2023-02-22FY20Revenue $18.36BNet income $2.03B0000089800-23-000007 · filed 2023-02-22FY2021 · Revenue $19.94B · Net income $1.86B · 0000089800-24-000033 · filed 2024-02-20FY21Revenue $19.94BNet income $1.86B0000089800-24-000033 · filed 2024-02-20FY2022 · Revenue $22.15B · Net income $2.02B · 0000089800-25-000030 · filed 2025-02-20FY22Revenue $22.15BNet income $2.02B0000089800-25-000030 · filed 2025-02-20FY2023 · Revenue $23.05B · Net income $2.39B · 0000089800-26-000008 · filed 2026-02-19FY23Revenue $23.05BNet income $2.39B0000089800-26-000008 · filed 2026-02-19FY2024 · Revenue $23.10B · Net income $2.68B · 0000089800-26-000008 · filed 2026-02-19FY24Revenue $23.10BNet income $2.68B0000089800-26-000008 · filed 2026-02-19FY2025 · Revenue $23.57B · Net income $2.57B · 0000089800-26-000008 · filed 2026-02-19FY25Revenue $23.57BNet income $2.57B0000089800-26-000008 · filed 2026-02-19FY25Revenue $23.57BNet income $2.57B0000089800-26-000008 · filed 2026-02-19FY07FY10FY13FY16FY19FY22FY25

revenue 2.9× since FY2007 · net margin 7.7% → 10.9%

MarginsNet marginFCF margin
0%5%10%15%FY2007 · Net margin 7.7% · FCF margin 8.9%FY07Net margin 7.7%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 6.0% · FCF margin 9.5%FY08Net margin 6.0%FCF margin 9.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 6.1% · FCF margin 10.8%FY09Net margin 6.1%FCF margin 10.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 5.9% · FCF margin 7.5%FY10Net margin 5.9%FCF margin 7.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 5.0% · FCF margin 6.6%FY11Net margin 5.0%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 6.6% · FCF margin 7.7%FY12Net margin 6.6%FCF margin 7.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.4% · FCF margin 9.0%FY13Net margin 7.4%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 7.8% · FCF margin 7.9%FY14Net margin 7.8%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 9.3% · FCF margin 10.7%FY15Net margin 9.3%FCF margin 10.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 9.6% · FCF margin 9.0%FY16Net margin 9.6%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 11.5% · FCF margin 11.1%FY17Net margin 11.5%FCF margin 11.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 6.3% · FCF margin 9.7%FY18Net margin 6.3%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.6% · FCF margin 11.1%FY19Net margin 8.6%FCF margin 11.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 11.1% · FCF margin 16.9%FY20Net margin 11.1%FCF margin 16.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 9.3% · FCF margin 9.4%FY21Net margin 9.3%FCF margin 9.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 9.1% · FCF margin 5.8%FY22Net margin 9.1%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 10.4% · FCF margin 11.4%FY23Net margin 10.4%FCF margin 11.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 11.6% · FCF margin 9.0%FY24Net margin 11.6%FCF margin 9.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 10.9% · FCF margin 11.3%FY25Net margin 10.9%FCF margin 11.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 10.9%FCF margin 11.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 10.9% · free cash flow 11.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2007 · OCF $874.5M · FCF $708.7M · 0000950123-10-016198 · filed 2010-02-24FY07OCF $874.5MFCF $708.7M0000950123-10-016198 · filed 2010-02-24FY2008 · OCF $876.2M · FCF $759.0M · 0000950123-11-017092 · filed 2011-02-23FY08OCF $876.2MFCF $759.0M0000950123-11-017092 · filed 2011-02-23FY2009 · OCF $859.2M · FCF $767.9M · 0001193125-12-075061 · filed 2012-02-23FY09OCF $859.2MFCF $767.9M0001193125-12-075061 · filed 2012-02-23FY2010 · OCF $706.6M · FCF $581.4M · 0000089800-13-000046 · filed 2013-02-28FY10OCF $706.6MFCF $581.4M0000089800-13-000046 · filed 2013-02-28FY2011 · OCF $735.8M · FCF $582.0M · 0000089800-14-000045 · filed 2014-02-27FY11OCF $735.8MFCF $582.0M0000089800-14-000045 · filed 2014-02-27FY2012 · OCF $887.9M · FCF $730.8M · 0000089800-15-000004 · filed 2015-02-25FY12OCF $887.9MFCF $730.8M0000089800-15-000004 · filed 2015-02-25FY2013 · OCF $1.08B · FCF $917.1M · 0000089800-16-000026 · filed 2016-02-24FY13OCF $1.08BFCF $917.1M0000089800-16-000026 · filed 2016-02-24FY2014 · OCF $1.08B · FCF $881.0M · 0000089800-17-000005 · filed 2017-02-22FY14OCF $1.08BFCF $881.0M0000089800-17-000005 · filed 2017-02-22FY2015 · OCF $1.45B · FCF $1.21B · 0000089800-18-000004 · filed 2018-02-23FY15OCF $1.45BFCF $1.21B0000089800-18-000004 · filed 2018-02-23FY2016 · OCF $1.31B · FCF $1.07B · 0000089800-19-000004 · filed 2019-02-22FY16OCF $1.31BFCF $1.07B0000089800-19-000004 · filed 2019-02-22FY2017 · OCF $1.88B · FCF $1.66B · 0000089800-20-000005 · filed 2020-02-21FY17OCF $1.88BFCF $1.66B0000089800-20-000005 · filed 2020-02-21FY2018 · OCF $1.94B · FCF $1.69B · 0000089800-21-000010 · filed 2021-02-19FY18OCF $1.94BFCF $1.69B0000089800-21-000010 · filed 2021-02-19FY2019 · OCF $2.32B · FCF $1.99B · 0000089800-22-000007 · filed 2022-02-17FY19OCF $2.32BFCF $1.99B0000089800-22-000007 · filed 2022-02-17FY2020 · OCF $3.41B · FCF $3.10B · 0000089800-23-000007 · filed 2023-02-22FY20OCF $3.41BFCF $3.10B0000089800-23-000007 · filed 2023-02-22FY2021 · OCF $2.24B · FCF $1.87B · 0000089800-24-000033 · filed 2024-02-20FY21OCF $2.24BFCF $1.87B0000089800-24-000033 · filed 2024-02-20FY2022 · OCF $1.92B · FCF $1.28B · 0000089800-25-000030 · filed 2025-02-20FY22OCF $1.92BFCF $1.28B0000089800-25-000030 · filed 2025-02-20FY2023 · OCF $3.52B · FCF $2.63B · 0000089800-26-000008 · filed 2026-02-19FY23OCF $3.52BFCF $2.63B0000089800-26-000008 · filed 2026-02-19FY2024 · OCF $3.15B · FCF $2.08B · 0000089800-26-000008 · filed 2026-02-19FY24OCF $3.15BFCF $2.08B0000089800-26-000008 · filed 2026-02-19FY2025 · OCF $3.45B · FCF $2.65B · 0000089800-26-000008 · filed 2026-02-19FY25OCF $3.45BFCF $2.65B0000089800-26-000008 · filed 2026-02-19FY25OCF $3.45BFCF $2.65B0000089800-26-000008 · filed 2026-02-19’09’13’17’21’25

FY2025: $3.45B operating cash − $797.6M capex = $2.65B free cash flow

Returns on capitalReturn on equityReturn on assets
0%50%100%FY2008 · ROE 29.7% · ROA 10.8%FY08ROE 29.7%ROA 10.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 29.2% · ROA 10.1%FY09ROE 29.2%ROA 10.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 28.7% · ROA 8.9%FY10ROE 28.7%ROA 8.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 29.1% · ROA 8.4%FY11ROE 29.1%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 35.2% · ROA 10.1%FY12ROE 35.2%ROA 10.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 42.4% · ROA 11.8%FY13ROE 42.4%ROA 11.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 86.9% · ROA 15.2%FY14ROE 86.9%ROA 15.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 121.4% · ROA 18.2%FY15ROE 121.4%ROA 18.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 60.3% · ROA 16.8%FY16ROE 60.3%ROA 16.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 47.4% · ROA 8.7%FY17ROE 47.4%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 29.7% · ROA 5.8%FY18ROE 29.7%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 37.4% · ROA 7.5%FY19ROE 37.4%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 56.2% · ROA 10.0%FY20ROE 56.2%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 76.5% · ROA 9.0%FY21ROE 76.5%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 65.1% · ROA 8.9%FY22ROE 65.1%ROA 8.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 64.3% · ROA 10.4%FY23ROE 64.3%ROA 10.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 66.2% · ROA 11.3%FY24ROE 66.2%ROA 11.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 55.9% · ROA 9.9%FY25ROE 55.9%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 55.9%ROA 9.9%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 30% (FY2008) → 56% (FY2025) · on assets 9.9%

The receipts