Sherwin-Williams (SHW) Financial History
Review Sherwin-Williams annual and quarterly financial results, key ratios, insider transactions and SEC filing history in one chronological view. Data available from FY2007 through FY2025.
Financials
19 fiscal years, FY2007 to FY2025
Insider trades
398 trades
Risk factor changes
27 changes in the latest 10-K
Filings
Annual and quarterly reports
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Sherwin-Williams Financial Statements
History since FY2007. Annual, in US dollars. Source: 10-K XBRL data.
Sherwin-Williams Revenue and Growth
Compare reported revenue and year-over-year revenue growth across available fiscal years.
Sherwin-Williams Income Statements
Review revenue, gross profit, operating income, net income and earnings per share.
Sherwin-Williams Balance Sheets
Review reported debt and book-value-based ratios where company data is available.
Sherwin-Williams Cash Flow Statements
Compare reported free cash flow across the available fiscal history.
Sherwin-Williams Financial Ratios
Compare net margin, price-to-earnings and price-to-book ratios by fiscal year.
| Fiscal year | FY2007 🔒 | FY2008 🔒 | FY2009 🔒 | FY2010 🔒 | FY2011 🔒 | FY2012 🔒 | FY2013 🔒 | FY2014 🔒 | FY2015 🔒 | FY2016 🔒 | FY2017 🔒 | FY2018 🔒 | FY2019 🔒 | FY2020 🔒 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B |
| Revenue growth | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | — | +11.1% | +4.1% | +0.2% | +2.1% |
| Gross profit | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $8.5B | $9.3B | $10.8B | $11.2B | $11.5B |
| Operating income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $3.1B | $3.4B | $4.2B | — | — |
| Net income | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $1.9B | $2.0B | $2.4B | $2.7B | $2.6B |
| Debt | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $9.6B | $10.6B | $9.9B | $10.1B | $11.1B |
| Free cash flow | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $1.9B | $1.3B | $2.6B | $2.1B | $2.7B |
| Net margin | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 9.3% | 9.1% | 10.4% | 11.6% | 10.9% |
| EPS (diluted) | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
| P/E ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 50.5× | 30.7× | 33.7× | 32.2× | 31.6× |
| P/B ratio | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | 37.7× | 19.8× | 21.4× | 21.1× | 17.5× |
Daily closing prices, aggregated by calendar year.
| Year | 2000 🔒 | 2001 🔒 | 2002 🔒 | 2003 🔒 | 2004 🔒 | 2005 🔒 | 2006 🔒 | 2007 🔒 | 2008 🔒 | 2009 🔒 | 2010 🔒 | 2011 🔒 | 2012 🔒 | 2013 🔒 | 2014 🔒 | 2015 🔒 | 2016 🔒 | 2017 🔒 | 2018 🔒 | 2019 🔒 | 2020 🔒 | 2021 🔒 | 2022 | 2023 | 2024 | 2025 | 2026 (YTD) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $349.33 | $239.69 | $304.04 | $341.02 | $323.42 |
| Close | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $237.29 | $312.07 | $339.90 | $324.06 | $349.05 |
| High | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $349.95 | $314.14 | $400.25 | $379.58 | $376.98 |
| Low | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | $195.51 | $205.96 | $282.60 | $308.97 | $289.94 |
| Annual return | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | ••••• | -32.6% | +31.5% | +8.9% | -4.7% | +7.7% |
Sherwin-Williams Insider Transactions
From Form 4 filings. Showing the latest 5 of 398 trades.
| Traded | Filed | Insider | Type | Shares | Value | % of holdings |
|---|---|---|---|---|---|---|
| 2026-11-03 | 2026-11-05 | Bryan Young Senior VP - Corp Strategy &… | Option exercise (2 trades) | 2,628 | $168K | — |
| 2026-11-03 | 2026-11-05 | Bryan Young Senior VP - Corp Strategy &… | Sold | 1,314 | $454K at ~$346 | 12% |
| 2026-11-03 | 2026-11-05 | James Jaye Senior VP - IR & Corp. Comm. | Option exercise (2 trades) | 9,054 | $609K | — |
| 2026-11-03 | 2026-11-05 | James Jaye Senior VP - IR & Corp. Comm. | Tax withholding (2 trades) | 869 | $299K | — |
| 2026-11-03 | 2026-11-05 | James Jaye Senior VP - IR & Corp. Comm. | Sold | 2,301 | $795K at ~$346 | 25% |
Sherwin-Williams Risk Factor Changes
Latest 10-K compared with the year before. 27 changes found.
Due to the uncertainties involved, management is unable to predict the outcome of the claims, lawsuits, and other proceedings against us, the number or nature of possible future claims, lawsuits, and proceedings, or t…
For example, our past operations included the manufacture and sale of lead pigments and lead-based paints.
energy efficiency activities or renewable energy use and to disclose information regarding our greenhouse gas emissions performance, renewable energy usage and efficiency, waste generation and recycling rates, climate…
Global focus on climate change and chemical use and management may result in the imposition of new or additional regulations or requirements applicable to, and new or additional financial and transition risks for, our…
A significant portion of our operations are conducted through our subsidiaries.
We generally fund a portion of our seasonal working capital needs and obtain funding for other general corporate purposes through short-term borrowings backed by our revolving credit facility and other financing facil…
We finance a portion of our sales through trade credit.
legal, regulatory and other standards, processes and assumptions; the pace of scientific and technological developments; increased costs; the availability of requisite suppliers, energy sources, or financing; and chan…
We have established strategies and expectations for our business relating to certain sustainability considerations, including regarding reducing greenhouse gas emissions, increasing use of electricity from renewable e…
Policy changes affecting international trade have in the past and could in the future adversely impact the demand for our products and our competitive position.
We have historically made strategic acquisitions of businesses in the paint and coatings industry and likely will acquire additional businesses in the future as part of our long-term growth strategy and initiatives.
We and third parties we rely on or do business with have experienced cybersecurity attacks and incidents in the past, some of which have resulted in unauthorized access to our information and systems and other disrupt…
As part of our business, we collect and handle information about our business, customers, employees and suppliers.
Some of the information technology systems we rely on are maintained or operated by third-party providers, including cloud-based systems.
Unexpected shortages and increases in the cost of raw materials and energy have in the past and may in the future adversely affect our earnings or cash flow.
Federal Reserve cut interest rates in 2025, mortgage rates have remained high and we have not experienced meaningful positive impacts on demand for our products that serve these segments of the economy to date.
Interest rates, in particular, drive shifts in consumer behavior with respect to the housing market, and have in the past adversely affected and may in the future adversely affect demand for new residential homes, exi…
Protracted duration of economic downturns in cyclical segments of the economy has in the past and may in the future depress the demand for some of our products and adversely affect our sales, earnings, cash flow or fi…
In particular, ongoing global inflation has impacted consumer and manufacturing behavior in recent years.
continue to vigorously defend against any additional lead pigment and lead-based paint litigation that may be filed, including utilizing all avenues of appeal, if necessary.
subsidiaries will also be contingent upon our subsidiaries’ earnings and business considerations.
credit and financing facilities are unable to perform on their commitments, such inability could adversely impact our cash flow, liquidity or financial condition, including our ability to obtain funding for working ca…
hybrid in-office work environments and managing our global operating and financial processes.
consumer protection laws, enterprise liability, market share liability, public nuisance, unjust enrichment and other theories.
•limit cash flow available to return to shareholders in the form of dividends and share repurchases;
continuation or worsening of these conditions could limit our ability to collect our accounts receivable, which could adversely affect our results of operations, cash flow, liquidity or financial condition.
we could in the future experience similar incidents.
Sherwin-Williams SEC Filings
Latest annual and quarterly reports, current reports, proxy statements and ownership filings.
| Form | Filed | Description | Document |
|---|---|---|---|
| Current report (8-K) | 2026-11-02 | Material agreement, New debt | View document |
| Quarterly report (10-Q) | 2026-10-27 | Quarter ended Sep 30, 2026 | View document |
| Current report (8-K) | 2026-10-27 | Quarterly results | View document |
| Current report (8-K) | 2026-09-29 | Material agreement, Agreement ended | View document |
| Quarterly report (10-Q) | 2026-07-28 | Quarter ended Jun 30, 2026 | View document |
Sherwin-Williams financial metrics by year
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