The Sherwin-Williams Company (SHW) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	24.4B	23.6B	23.1B	23.1B	22.1B
Cost of Revenue	12.4B	12.0B	11.9B	12.3B	12.8B
Gross Profit	12.0B	11.5B	11.2B	10.8B	9.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	8.0B	7.7B	7.4B	7.1B	6.3B
General & Admin Expense	5.9B	7.7B	7.4B	7.1B	6.3B
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	21.2M	21.3M	(1.3M)	80.7M	(7.1M)
Total Operating Expenses	8.0B	7.7B	7.4B	7.2B	6.3B
Cost and Expenses	20.4B	19.8B	19.3B	19.4B	19.1B
Operating Income (EBIT)	4.0B	3.8B	3.8B	3.6B	3.0B
Non-Operating
Interest Income	13.7M	11.2M	11.0M	25.2M	8.0M
Interest Expense	516.3M	468.9M	431.4M	432.5M	403.0M
Net Interest Income	(502.6M)	(457.7M)	(420.4M)	(407.3M)	(395.0M)
Other Non-Op Income/Expense	(501.4M)	(466.6M)	(310.1M)	(496.5M)	(427.5M)
Non-Operating Income (excl Interest)	(14.9M)	(2.3M)	(105.6M)	79.0M	36.7M
EBT (Pre-Tax Income)	3.5B	3.3B	3.5B	3.1B	2.6B
Income Tax Expense	803.6M	769.7M	770.4M	721.1M	553.0M
Bottom Line
Net Income	2.7B	2.6B	2.7B	2.4B	2.0B
Earnings from Cont. Ops	2.7B	2.6B	2.7B	2.4B	2.0B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	2.7B	2.6B	2.7B	2.4B	2.0B
Per Share
Basic EPS	$10.95	$10.38	$10.68	$9.35	$7.83
Diluted EPS	$10.85	$10.27	$10.55	$9.25	$7.72
Revenue Per Share	$99.72	$95.67	$90.90	$90.26	$85.85
Shares
Basic Shares Outstanding	244.8M	246.4M	254.1M	255.4M	258.0M
Diluted Shares Outstanding	247.1M	248.8M	254.1M	258.3M	261.8M
Profitability Metrics
EBITDA	4.5B	4.4B	4.5B	4.1B	3.5B
D&A	452.0M	588.8M	624.0M	622.5M	581.1M
EBIT	4.0B	3.8B	3.9B	3.5B	3.0B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026