Sherwin-Williams (SHW): financials, SEC filings and peers
Sherwin-Williams (SHW) is a specialty chemicals company in the Materials sector of the S&P 500, headquartered in Cleveland, Ohio.
It was founded in 1866 and joined the S&P 500 on June 30, 1964.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Retail-Building Materials, Hardware, Garden Supply”.
Sherwin-Williams at a glance
- Revenue (12 months)
- $24.9B
- Revenue growth
- +7.0%
- Operating margin
- 16.2%
- Net income (12 months)
- $2.7B
- Free cash flow (12 months)
- $3.1B
- Cash
- $264M
- Debt
- $11.8B
- Diluted EPS (12 months)
- $10.88
Twelve months to September 30, 2026, from the 10-Q filed October 27, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Sherwin-Williams reported revenue of $24.9 billion, about the same as a year earlier (+7.0%).
Its operating margin was 16.2%: for every $100 of sales, about $16 was left as operating profit.
Net income was $2.7 billion (10.7% of revenue), 4.1% higher than a year earlier.
Operating cash flow was $3.7 billion and capital spending $606 million, leaving free cash flow of $3.1 billion (12.4% of revenue).
At the end of the period it held $264 million in cash and $11.8 billion in debt, a net debt position of $11.5 billion.
The diluted share count fell 2.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $18.4 billion in fiscal 2020 to $23.6 billion in fiscal 2025, about 5.1% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 18.1%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B |
| Revenue growth | 8.6% | 11.1% | 4.1% | 0.2% | 2.1% |
| Operating margin | 15.5% | 15.3% | 18.1% | — | — |
| Net income | $1.9B | $2.0B | $2.4B | $2.7B | $2.6B |
| Free cash flow | $1.9B | $1.3B | $2.6B | $2.1B | $2.7B |
| Diluted EPS | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
Fiscal years as reported in Sherwin-Williams’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed November 2, 2026 — Material agreement; New debt obligation
- 10-Q filed October 27, 2026 — quarterly report
- 8-K filed October 27, 2026 — Earnings results
- 8-K filed September 29, 2026 — Material agreement; Agreement terminated
- 10-Q filed July 28, 2026 — quarterly report
- 8-K filed July 28, 2026 — Earnings results
- 8-K filed June 9, 2026 — Material agreement; New debt obligation
- 10-Q filed April 28, 2026 — quarterly report
Companies like Sherwin-Williams
Other S&P 500 companies in Specialty Chemicals:
- ALBAlbemarle CorporationCharlotte, North Carolina
- ECLEcolabSaint Paul, Minnesota
- IFFInternational Flavors & FragrancesNew York City, New York
- LYBLyondellBasellRotterdam, Netherlands
- PPGPPG IndustriesPittsburgh, Pennsylvania
More from Materials
- APDAir ProductsIndustrial Gases
- AMCRAmcorPaper & Plastic Packaging Products & Materials
- AVYAvery DennisonPaper & Plastic Packaging Products & Materials
- BALLBall CorporationMetal, Glass & Plastic Containers
- CFCF IndustriesFertilizers & Agricultural Chemicals
- CTVACortevaFertilizers & Agricultural Chemicals
Questions about Sherwin-Williams
Is Sherwin-Williams's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $24.9 billion, up 7.0% from a year earlier, according to its SEC filings.
Is Sherwin-Williams profitable?
Yes. It earned $2.7 billion in net income over the twelve months to September 30, 2026, a net margin of 10.7%.
Does Sherwin-Williams have more cash or more debt?
At September 30, 2026 it had $264 million in cash and $11.8 billion in debt, so more debt than cash.
When did Sherwin-Williams last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 27, 2026.
Which companies are similar to Sherwin-Williams?
In the S&P 500, Sherwin-Williams is grouped in Specialty Chemicals within the Materials sector. Albemarle Corporation (ALB), Ecolab (ECL), International Flavors & Fragrances (IFF), LyondellBasell (LYB), PPG Industries (PPG) are in the same group.
Understand the numbers
Source: Sherwin-Williams’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 12, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.