The Sherwin-Williams Company (SHW)

NYSE: SHW · Retail-Building Materials, Hardware, Garden Supply · Cleveland, OH · filing with the SEC since 1994

Grade6.5

◀ Past 6.8● Present 6.3▶ Future 6.4

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 19, 2026	Feb 20, 2025	Feb 20, 2024	Feb 22, 2023	Feb 17, 2022	Feb 19, 2021	Feb 21, 2020	Feb 22, 2019	Feb 23, 2018	Feb 22, 2017
Revenue	23,574,300	23,098,500	23,051,900	22,148,900	19,944,600	18,361,700	17,900,800	17,534,500	14,983,800	11,855,602
Cost of revenue	12,058,800	11,903,400	12,293,800	12,823,800	11,401,900	9,679,100	9,864,700	10,115,900	8,265,000	5,934,344^r
Gross profit	11,515,500	11,195,100	10,758,100	9,325,100	8,542,700	8,682,600	8,036,100	7,418,600^r	6,718,800^r	5,921,258^r
Research and development	·	·	·	·	·	·	·	51,922	58,474	58,041
Selling, general and administrative	7,695,000	7,422,100	7,065,400	6,331,600^r	5,882,000^r	5,477,900	5,274,900	5,033,800^r	4,797,600^r	4,140,260^r
General and administrative	·	·	634,300	433,300	500,400	514,200	477,700^r	748,900^r	502,300^r	415,000
Operating income	·	·	4,161,700	3,397,200	3,083,700	3,373,800	2,808,800	2,611,600^r	2,235,100^r	2,164,000
Interest expense	396,200	354,700	374,600	348,400	320,400	320,500	321,300	343,100^r	257,400^r	75,509
Interest and investment income	11,200	11,000	25,200	8,000	4,900	3,600	25,900	5,286	8,571	4,960
Other income (expense), net	-20,900	44,700	-65,500	-47,000	19,500	-5,300	18,000^r	-20,100^r	32,700^r	11,823^r
Total non-operating income (expense)	·	·	·	·	·	·	-16,700	-20,100^r	32,700^r	11,823^r
Income before income taxes	3,338,200	3,451,800	3,109,900	2,573,100	2,248,600	2,519,200	1,981,800	1,359,700^r	1,469,300^r	1,595,233
Income tax expense	769,700	770,400	721,100	553,000	384,200	488,800	440,500	251,000^r	-300,200^r	462,530
Income from continuing operations	·	·	·	·	·	·	1,541,300	1,108,700^r	1,769,500^r	1,132,703
Income from discontinued operations	·	·	·	·	·	·	0	0	-41,600^r	0
Net income	2,568,500	2,681,400	2,388,800	2,020,100	1,864,400	2,030,400	1,541,300	1,108,700^r	1,727,900^r	1,132,703
Earnings per share, basic	10.37	10.68	9.35	7.83	7.10	7.48^r	5.60^r	3.9733^b	6.20^rb	4.11^b
Earnings per share, diluted	10.26	10.55	9.25	7.72	6.98	7.36^r	5.50^r	3.89^b	6.0667^rb	3.9967^b
Weighted average shares, basic	247,600,000	251,000,000	255,400,000	258,000,000	262,500,000	271,300,000^r	275,400,000^r	278,977,371^b	278,725,914^b	275,515,809^b
Weighted average shares, diluted	250,400,000	254,100,000	258,300,000	261,800,000	267,100,000	275,800,000^r	280,300,000^r	284,964,210^b	284,781,639^b	283,464,258^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 3-for-1 split of Mar 2021.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseDebt

Interest and investment income what its cash and investments earned

us-gaap:InvestmentIncomeNet
us-gaap:InvestmentIncomeInterest
us-gaap:InvestmentIncomeInterestAndDividend

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keeps

us-gaap:IncomeLossFromContinuingOperations
us-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest

Income from discontinued operations profit or loss from businesses it sold or closed

us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton SHW · research, not advice