SHERWIN WILLIAMS CO
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 10,871 | 70.3 |
| Stockholders' equity | 4,598 | 29.7 |
| Total capitalization | 15,470 | 100.0 |
242,758,151 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 28 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 9,671 |
| Long-term debt, noncurrent | 9,321 |
| Current maturities | 350 |
| Short-term borrowings / commercial paper | 1,200 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 900,000,000 |
| Par or stated value per share ($) | 0.33 |
| Outstanding at 6/30/26 | 242,758,151 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.16 | 30.8 |
| 2024 | 2.86 | 27.1 |
| 2023 | 2.42 | 26.2 |
| 2022 | 2.40 | 31.1 |
| 2021 | 2.20 | 31.5 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Ohio.
BUSINESS: Classified by the SEC under Standard Industrial Classification 5200, Retail-Building Materials, Hardware, Garden Supply. Large accelerated filer. Principal executive office: 1 Sherwin Way, Cleveland, OH 44113. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 23,574 | 23,098 | 23,052 |
| Cost of revenues | 12,059 | 11,903 | 12,294 |
| Gross profit | 11,516 | 11,195 | 10,758 |
| Selling, general and administrative | 7,695 | 7,422 | 7,065 |
| Depreciation and amortization | 340 | 297 | 292 |
| Operating income | – | – | 4,162 |
| Interest expense | 465 | 416 | 418 |
| Income before income taxes | 3,338 | 3,452 | 3,110 |
| Income taxes | 770 | 770 | 721 |
| Net income | 2,568 | 2,681 | 2,389 |
| Earned per share, diluted ($) | 10.26 | 10.55 | 9.25 |
| Dividends per share ($) | 3.16 | 2.86 | 2.42 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 207 | 210 |
| Receivables, net | 2,791 | 2,389 |
| Inventories | 2,318 | 2,288 |
| Total current assets | 6,007 | 5,401 |
| Property, plant and equipment, net | 4,137 | 3,533 |
| Goodwill | 8,037 | 7,580 |
| Total assets | 25,902 | 23,633 |
| Total current liabilities | 6,920 | 6,809 |
| Long-term debt | 9,321 | 8,177 |
| Stockholders' equity | 4,598 | 4,051 |
| Total liabilities and equity | 25,902 | 23,633 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 23,574 | – | 2,568 | 10.9 | 10.26 | 3.16 | 3,452 | 798 | 2,654 | 25,902 | 21,303d | 10,871 | 4,598 | 55.9 | 2.36 |
| 12/31/24 | 23,098 | – | 2,681 | 11.6 | 10.55 | 2.86 | 3,153 | 1,070 | 2,083 | 23,633 | 19,581d | 9,888 | 4,051 | 66.2 | 2.44 |
| 12/31/23 | 23,052 | 4,162 | 2,389 | 10.4 | 9.25 | 2.42 | 3,522 | 888 | 2,634 | 22,954 | 19,239d | 9,851 | 3,716 | 64.3 | 2.65 |
| 12/31/22 | 22,149 | 3,397 | 2,020 | 9.1 | 7.72 | 2.40 | 1,920 | 644 | 1,275 | 22,594 | 19,492d | 10,570 | 3,102 | 65.1 | 3.41 |
| 12/31/21 | 19,945 | 3,084 | 1,864 | 9.3 | 6.98 | 2.20 | 2,245 | 372 | 1,873 | 20,667 | 18,230d | 9,615 | 2,437 | 76.5 | 3.95 |
| 12/31/20 | 18,362 | 3,374 | 2,030 | 11.1 | 7.36 | 1.79 | 3,409 | 304 | 3,105 | 20,402 | 16,791d | 8,292 | 3,611 | 56.2 | 2.30 |
| 12/31/19 | 17,901 | 2,809 | 1,541 | 8.6 | 5.50 | 1.51 | 2,321 | 329 | 1,992 | 20,496 | 16,373d | 8,685 | 4,123 | 37.4 | 2.11 |
| 12/31/18 | 17,534 | 2,612 | 1,109 | 6.3 | 3.89 | 1.15 | 1,944 | 251 | 1,693 | 19,134 | 15,404d | 9,344 | 3,731 | 29.7 | 2.50 |
| 12/31/17 | 14,984 | 2,235 | 1,728 | 11.5 | 6.07 | 1.13 | 1,884 | 223 | 1,661 | 19,900 | 16,252d | 10,521 | 3,648 | 47.4 | 2.88 |
| 12/31/16 | 11,856 | 2,164 | 1,133 | 9.6 | 4.00 | 1.12 | 1,309 | 239 | 1,070 | 6,753 | 4,874d | 1,953 | 1,878 | 60.3 | 1.04 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
SHERWIN WILLIAMS CO
CIK 89800 · EIN 34-0526850
PRINCIPAL OFFICE:
1 Sherwin Way, Cleveland, OH 44113
Tel.: 2165662200
INCORPORATED:
Ohio
INDUSTRY (SEC SIC CODE):
5200 · Retail-Building Materials, Hardware, Garden Supply
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 19 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/19/26) · 10-K FY2024 (filed 2/20/25) · 10-K FY2023 (filed 2/20/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/17/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/21/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.