SHW
The Sherwin-Williams Company
Stock
$319.51−1.27 (−0.40%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.1B | $23.1B | $22.1B | $19.9B | $18.4B | $17.9B | $17.5B | $15.0B | $11.9B | $11.3B | $11.1B | $10.2B | $9.5B | $8.8B | $7.8B |
| Cost of revenue | $11.9B | $12.3B | $12.8B | $11.4B | $9.7B | $9.9B | $10.1B | $8.3B | $5.9B | $5.8B | $6.0B | $5.6B | $5.3B | $5.0B | $4.3B |
| Gross profit | $11.2B | $10.8B | $9.3B | $8.5B | $8.7B | $8.0B | $7.4B | $6.7B | $5.9B | $5.6B | $5.2B | $4.6B | $4.2B | $3.7B | $3.5B |
| R&D | — | — | — | — | — | — | $52M | $58M | $58M | $58M | $50M | $47M | $45M | $42M | $40M |
| SG&A | $7.4B | $7.1B | $6.3B | $5.9B | $5.5B | $5.3B | $5.0B | $4.8B | $4.1B | $3.9B | $3.8B | $3.5B | $3.3B | $3.0B | $2.7B |
| Operating income | $4.4B | $4.2B | $3.4B | $3.1B | $3.4B | $2.8B | $2.6B | $2.2B | $2.2B | $2.0B | $1.7B | $1.4B | $1.3B | $985M | $948M |
| Non-operating income | −$1.1B | −$1.1B | −$824M | −$835M | −$855M | −$827M | −$1.3B | −$766M | −$569M | −$414M | −$437M | −$356M | −$400M | −$243M | −$270M |
| Pretax income | $3.3B | $3.1B | $2.6B | $2.2B | $2.5B | $2.0B | $1.4B | $1.5B | $1.6B | $1.5B | $1.3B | $1.1B | $907M | $742M | $678M |
| Taxes | $753M | $721M | $553M | $384M | $489M | $441M | $251M | −$259M | $463M | $495M | $392M | $333M | $276M | $300M | $215M |
| Net income | $2.6B | $2.4B | $2.0B | $1.9B | $2.0B | $1.5B | $1.1B | $1.7B | $1.1B | $1.1B | $866M | $753M | $631M | $442M | $462M |
| Diluted EPS | $10.04 | $9.25 | $7.72 | $6.98 | $7.36 | $5.50 | $3.89 | $6.07 | $4.00 | $3.72 | $2.92 | $2.42 | $2.01 | $1.38 | $1.40 |
| Diluted shares | — | 258.3M | 261.8M | 267.1M | 275.8M | 280.3M | 285.0M | 284.8M | 283.5M | 283.6M | 296.2M | 309.1M | 311.8M | 317.0M | 326.4M |
| Revenue growth | — | +4.1% | +11.1% | +8.6% | +2.6% | +2.1% | +17.0% | +26.4% | +4.6% | +1.9% | +9.3% | +6.8% | +8.8% | +12.7% | — |
| Gross margin | 48.5% | 46.7% | 42.1% | 42.8% | 47.3% | 44.9% | 42.3% | 44.8% | 49.9% | 49.0% | 46.4% | 45.3% | 44.1% | 42.7% | 44.8% |
| Operating margin | 19.1% | 18.1% | 15.3% | 15.5% | 18.4% | 15.7% | 14.9% | 14.9% | 18.3% | 17.3% | 15.2% | 14.2% | 13.7% | 11.2% | 12.2% |
| Net margin | 11.1% | 10.4% | 9.1% | 9.3% | 11.1% | 8.6% | 6.3% | 11.5% | 9.6% | 9.3% | 7.8% | 7.4% | 6.6% | 5.0% | 5.9% |