Security
SHW · SHERWIN WILLIAMS CO
SHWNYSECommon stockCurrentCIK 89800Updated Sep 26, 2026
SHW price & chart
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NYSE:SHW on TradingView ↗In the news
Sherwin-Williams to Announce Second Quarter 2026 Financial Results on July 28, 2026 ↗
Seeking Alpha
The Sherwin-Williams Company (SHW) Discusses Strategic Investments, Market Position and Growth Outlook at Financial Community Presentation Transcript ↗
The Sherwin-Williams Company (SHW) Discusses Strategic Investments, Market Position and Growth Outlook at Financial Community Presentation - Slideshow ↗
Ecolab: CoolIT Makes The Growth Case Stronger, But The Stock Is Priced For It ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 25,901,700,000Source | 23,632,600,000Source | 22,954,400,000Source | 22,594,000,000Source |
| Property, Plant and Equipment, NetUSD | 4,137,400,000Source | 3,533,200,000Source | 2,836,800,000Source | 2,207,000,000Source |
| GoodwillUSD | 8,036,600,000Source | 7,580,100,000Source | 7,626,000,000Source | 7,583,200,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,966,100,000Source | 3,533,200,000Source | 3,880,500,000Source | 4,002,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 207,200,000Source | 210,400,000Source | 276,800,000Source | 198,800,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,791,200,000Source | 2,388,800,000Source | 2,467,900,000Source | 2,563,600,000Source |
| Inventory, NetUSD | 2,318,200,000Source | 2,288,100,000Source | 2,329,800,000Source | 2,626,500,000Source |
| Assets, CurrentUSD | 6,007,400,000Source | 5,400,800,000Source | 5,512,900,000Source | 5,907,700,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,995,200,000Source | 1,953,800,000Source | 1,887,400,000Source | 1,866,800,000Source |
| Other Assets, NoncurrentUSD | 1,759,000,000Source | 1,631,500,000Source | 1,210,800,000Source | 1,027,300,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 83,100,000Source | 92,500,000Source | 91,800,000Source | 91,200,000Source |
| Additional Paid in CapitalUSD | 4,204,500,000Source | 4,576,200,000Source | 4,193,600,000Source | 3,963,900,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,029,400,000Source | 7,246,300,000Source | 5,288,300,000Source | 3,523,200,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -634,400,000Source | -875,200,000Source | -624,300,000Source | -700,600,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,598,300,000Source | 4,051,200,000Source | 3,715,800,000Source | 3,102,100,000Source |
| Liabilities and EquityUSD | 25,901,700,000Source | 23,632,600,000Source | 22,954,400,000Source | 22,594,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 6,920,300,000Source | 6,808,700,000Source | 6,626,900,000Source | 5,960,700,000Source |
| Operating Lease, Liability, CurrentUSD | 479,800,000Source | 466,600,000Source | 449,300,000Source | 425,300,000Source |
| Accounts Payable, CurrentUSD | 2,354,200,000Source | 2,253,200,000Source | 2,315,000,000Source | 2,436,500,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,591,500,000Source | 1,558,300,000Source | 1,509,500,000Source | 1,512,900,000Source |
| Deferred Income Tax Liabilities, NetUSD | 765,300,000Source | 607,500,000Source | 683,100,000Source | 681,600,000Source |
| Other Liabilities, NoncurrentUSD | 2,575,800,000Source | 2,309,400,000Source | 1,908,000,000Source | 1,606,400,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 670,800,000Source | 540,000,000Source | 606,100,000Source | 604,600,000Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 350,100,000Source | 1,049,200,000Source | 1,098,800,000Source | 600,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 9,320,700,000Source | 8,176,800,000Source | 8,377,900,000Source | 9,591,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 123,500,000Source | 138,100,000Source | 115,900,000Source | 99,700,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 162,800,000Source | 10,700,000Source | -85,600,000Source | 200,200,000Source |
| Increase (Decrease) in InventoriesUSD | -132,500,000Source | 32,900,000Source | -323,400,000Source | 666,700,000Source |
| Increase (Decrease) in Accounts PayableUSD | -37,800,000Source | 21,800,000Source | -241,100,000Source | 46,600,000Source |
| Deferred Income Tax Expense (Benefit)USD | 153,200,000Source | -74,900,000Source | -88,900,000Source | -144,800,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 3,451,600,000Source | 3,153,200,000Source | 3,521,900,000Source | 1,919,900,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 1,211,300,000Source | 78,900,000Source | 264,700,000Source | 1,003,100,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -2,066,300,000Source | -1,196,300,000Source | -1,039,300,000Source | -1,607,600,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 68,100,000Source | 59,000,000Source | 60,000,000Source | -6,800,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,378,600,000Source | -2,017,100,000Source | -2,424,600,000Source | -282,400,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -86,800,000Source | -69,800,000Source | -46,700,000Source | -23,800,000Source |
| Repayments of Long-term DebtUSD | 1,050,000,000Source | 1,100,000,000Source | 136,400,000Source | 260,300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -3,200,000Source | -66,400,000Source | 78,000,000Source | 33,100,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 207,200,000Source | 210,400,000Source | 276,800,000Source | 198,800,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 453,000,000Source | 406,900,000Source | 416,500,000Source | 371,100,000Source |
| Income Taxes Paid, NetUSD | 592,700,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -9,900,000Source | -6,200,000Source | 20,000,000Source | 3,200,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 336,600,000Source | 326,600,000Source | 330,200,000Source | 317,100,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 123,500,000Source | 138,100,000Source | 115,900,000Source | 99,700,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | 7,600,000Source |
| Amortization of Intangible AssetsUSD | 336,600,000Source | 326,600,000Source | 330,200,000Source | 317,100,000Source |
| DepreciationUSD | 340,300,000Source | 297,400,000Source | 292,300,000Source | 264,000,000Source |
| Environmental Remediation ExpenseUSD | — | — | — | -7,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -45,400,000Source | -3,900,000Source | -80,500,000Source | -33,600,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 34,000,000Source | 49,900,000Source | -900,000Source | 17,800,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 0Source | 20,100,000Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 20,800,000Source | 49,900,000Source | -900,000Source | 10,700,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | -12,800,000Source | 0Source |
| General and Administrative ExpenseUSD | — | — | 634,300,000Source | 433,300,000Source |
| GoodwillUSD | 8,036,600,000Source | 7,580,100,000Source | 7,626,000,000Source | 7,583,200,000Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | 15,500,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | — | — | 15,500,000Source |
| Income Tax Expense (Benefit)USD | 769,700,000Source | 770,400,000Source | 721,100,000Source | 553,000,000Source |
| InterestExpenseNonoperatingUSD | 465,000,000Source | 415,700,000Source | — | — |
| Investment Income, InterestUSD | — | — | 25,200,000Source | 8,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,568,500,000Source | 2,681,400,000Source | 2,388,800,000Source | 2,020,100,000Source |
| Other Nonoperating Income (Expense)USD | -20,900,000Source | 44,700,000Source | -65,500,000Source | -47,000,000Source |
| Other Operating Income (Expense), NetUSD | 10,200,000Source | 38,800,000Source | -67,100,000Source | 24,900,000Source |
| Pension Cost (Reversal of Cost)USD | — | — | — | 5,100,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 1,499,200,000Source | 848,700,000Source | 0Source | 999,700,000Source |
| Proceeds from Stock Options ExercisedUSD | 140,600,000Source | 242,000,000Source | 111,600,000Source | 67,300,000Source |
| Restructuring CostsUSD | 111,000,000Source | 0Source | 15,300,000Source | 47,300,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 23,574,300,000Source | 23,098,500,000Source | 23,051,900,000Source | 22,148,900,000Source |
| Cost of RevenueUSD | 12,058,800,000Source | 11,903,400,000Source | 12,293,800,000Source | 12,823,800,000Source |
| Selling, General and Administrative ExpenseUSD | 7,695,000,000Source | 7,422,100,000Source | 7,065,400,000Source | 6,014,500,000Source |
| Operating Income (Loss)USD | — | — | 4,161,700,000Source | 3,397,200,000Source |
| Other Nonoperating Income (Expense)USD | -20,900,000Source | 44,700,000Source | -65,500,000Source | -47,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 3,338,200,000Source | 3,451,800,000Source | 3,109,900,000Source | 2,573,100,000Source |
| Income Tax Expense (Benefit)USD | 769,700,000Source | 770,400,000Source | 721,100,000Source | 553,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 2,568,500,000Source | 2,681,400,000Source | 2,388,800,000Source | 2,020,100,000Source |
| Earnings Per Share, BasicUSD per share | 10.37Source | 10.68Source | 9.35Source | 7.83Source |
| Earnings Per Share, DilutedUSD per share | 10.26Source | 10.55Source | 9.25Source | 7.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 247,600,000Source | 251,000,000Source | 255,400,000Source | 258,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 250,400,000Source | 254,100,000Source | 258,300,000Source | 261,800,000Source |
| Interest Expense (non-operating)USD | 465,000,000Source | 415,700,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 336,600,000Source | 326,600,000Source | 330,200,000Source | 317,100,000Source |
| Current Income Tax Expense (Benefit)USD | 616,500,000Source | 845,300,000Source | 810,000,000Source | 697,800,000Source |
| Environmental Remediation ExpenseUSD | — | — | — | -7,100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -45,400,000Source | -3,900,000Source | -80,500,000Source | -33,600,000Source |
| General and Administrative ExpenseUSD | — | — | 634,300,000Source | 433,300,000Source |
| Gross ProfitUSD | 11,515,500,000Source | 11,195,100,000Source | 10,758,100,000Source | 9,325,100,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 3,019,300,000Source | 3,046,600,000Source | 2,817,000,000Source | 2,427,600,000Source |
| Interest ExpenseUSD | — | — | 417,500,000Source | 390,800,000Source |
| Interest Expense, DebtUSD | 396,200,000Source | 354,700,000Source | 374,600,000Source | 348,400,000Source |
| Investment Income, InterestUSD | — | — | 25,200,000Source | 8,000,000Source |
| Investment Income, NetUSD | 11,200,000Source | 11,000,000Source | — | — |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | -13,000,000Source | -13,100,000Source | -21,100,000Source | 4,000,000Source |
| Other General ExpenseUSD | 8,500,000Source | 12,400,000Source | 5,600,000Source | — |
| Other Operating Income (Expense), NetUSD | 10,200,000Source | 38,800,000Source | -67,100,000Source | 24,900,000Source |
| Restructuring CostsUSD | 111,000,000Source | 0Source | 15,300,000Source | 47,300,000Source |
Filing attachments
d147641dex41.htm · 8-K · 2026-06-09
EX-4.1 2 d147641dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Version AMENDMENT NO. 11 TO THE AMENDED AND RESTATED CREDIT AGREEMENT AMENDMENT NO. 11 TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 9, 2026 (this “Amendment”), among THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the Lenders party hereto, GOLDMAN SACHS BANK USA (“GS Bank”), as Administrative Agent (in such capacity, the “Administrative Agent”), and GOLDMAN SACHS MORTGAGE COMPANY (“GSMC”), …
Read attachment ↗d62133dex41.htm · 8-K · 2026-02-09
EX-4.1 2 d62133dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 EXECUTION VERSION AMENDMENT NO. 1 AMENDMENT NO. 1 TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 9, 2026 (this “Amendment”), among THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the Lenders party hereto, CITICORP USA, INC. (“CUSA”), as Administrative Agent (in such capacity, the “Administrative Agent”), and CUSA, as Issuing Bank (in such capacity, the “Issuing Bank”). Capitalized terms not otherwis…
Read attachment ↗d48386dex41.htm · 8-K · 2025-11-17
EX-4.1 2 d48386dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 EXECUTION VERSION AMENDED AND RESTATED CREDIT AGREEMENT Dated as of November 17, 2025 among THE SHERWIN-WILLIAMS COMPANY, THE LENDERS PARTY HERETO, CITICORP USA, INC., as Administrative Agent, and CITICORP USA, INC., as Issuing Bank REVOLVING AND LETTER OF CREDIT FACILITY Table of Contents Page ARTICLE I DEFINITIONS SECT…
Read attachment ↗d35378dex41.htm · 8-K · 2025-11-05
EX-4.1 2 d35378dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 EXECUTION VERSION AMENDMENT NO. 21 AMENDMENT NO. 21 TO THE CREDIT AGREEMENT, dated as of November 5, 2025 (this “Amendment”), among THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the Lenders party hereto, CITICORP USA, INC. (“CUSA”), as Administrative Agent (in such capacity, the “Administrative Agent”), and CUSA, as Issuing Bank (in such capacity, the “Issuing Bank”). Capitalized terms not otherwise defined in this A…
Read attachment ↗d944374dex41.htm · 8-K · 2025-08-12
EX-4.1 2 d944374dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 Execution Version AMENDMENT NO. 1 TO CREDIT AGREEMENT This AMENDMENT NO. 1 TO CREDIT AGREEMENT, dated as of August 8, 2025 (this “Amendment”), is entered into by and among THE SHERWIN-WILLIAMS COMPANY (the “Company”), SHERWIN-WILLIAMS LUXEMBOURG S.À R.L., a Luxembourg private limited liability company (société à responsabilité limitée), having its registered office at 8-10 avenue de la Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg,…
Read attachment ↗d944374dex42.htm · 8-K · 2025-08-12
EX-4.2 3 d944374dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 Execution Version TERM LOAN CREDIT AGREEMENT dated as of August 8, 2025 among THE SHERWIN-WILLIAMS COMPANY and SHERWIN-WILLIAMS LUXEMBOURG S.à r.l., as Borrowers, CITIBANK, N.A., as Administrative Agent, The Lenders Party Hereto, U.S. BANK, NATIONAL ASSOCIATION, ING BANK N.V., DUBLIN BRANCH, BANK OF AMERICA, N.A., JPMORGAN CHASE BANK, N.A., PNC BANK, NATIONAL ASSOCIATION, and WELLS FARGO SECURITIES, LLC, as Syndication …
Read attachment ↗