SHW · XBRL financial data

The Sherwin-Williams Company financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SHW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	18,362	19,945	22,149	23,052	23,099	23,574
Cost of goods and services sold	9,679	11,402	12,824	12,294	11,903	12,059
Gross profit	8,683	8,543	9,325	10,758	11,195	11,516
Selling, general and administrative	5,478	5,573	6,015	7,065	7,422	7,695
General and administrative	514	500	433	634	—	—
Other operating income (expense)	(28)	(102)	25	(67)	39	10
Operating income (loss)	3,374	3,084	3,397	4,162	—	—
Interest income	4	5	8	25	—	—
Interest expense	340	335	391	418	416	465
Other income (expense)	(5)	20	(47)	(66)	45	(21)
Income tax expense (benefit)	489	384	553	721	770	770
Net income (loss)	2,030	1,864	2,020	2,389	2,681	2,569
Earnings per share, basic‡ USD per share	7.48	7.10	7.83	9.35	10.68	10.37
Earnings per share, diluted‡ USD per share	7.36	6.98	7.72	9.25	10.55	10.26
Weighted average shares, basic‡ millions of shares	271	263	258	255	251	248
Weighted average shares, diluted‡ millions of shares	276	267	262	258	254	250

‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (March 2021); filings made before it reported them unadjusted.

Fiscal years (SHW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	227	166	199	277	210	207
Accounts receivable	2,078	2,352	2,564	2,468	2,389	2,791
Inventory	1,804	1,927	2,627	2,330	2,288	2,318
Total current assets	4,591	5,054	5,908	5,513	5,401	6,007
Property and equipment, net	1,835	1,867	2,207	2,837	3,533	4,137
Right-of-use asset	1,761	1,821	1,867	1,887	1,954	1,995
Goodwill	7,049	7,135	7,583	7,626	7,580	8,037
Total assets	20,402	20,667	22,594	22,954	23,633	25,902
Accounts payable	2,118	2,403	2,437	2,315	2,253	2,354
Current portion of long-term debt	25	261	1	1,099	1,049	350
Total current liabilities	4,594	5,720	5,961	6,627	6,809	6,920
Long-term debt	8,267	8,591	9,591	8,378	8,177	9,321
Lease liability, non-current	1,434	1,471	1,513	1,510	1,558	1,592
Retained earnings	844	2,122	3,523	5,288	7,246	1,029
Total stockholders' equity	3,611	2,437	3,102	3,716	4,051	4,598
Total liabilities and equity	20,402	20,667	22,594	22,954	23,633	25,902
Common shares outstanding (cover page)‡ millions of shares	269	260	258	254	251	248

‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (March 2021); filings made before it reported them unadjusted.

Fiscal years (SHW's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	2,030	1,864	2,020	2,389	2,681	2,569
Stock-based compensation	96	98	100	116	138	124
Net cash from operating activities	3,409	2,245	1,920	3,522	3,153	3,452
Net cash from investing activities	(322)	(476)	(1,608)	(1,039)	(1,196)	(2,066)
Dividends paid	488	587	619	624	723	790
Proceeds from long-term debt	999	995	1,000	0	849	1,499
Repayments of long-term debt	1,205	423	260	136	1,100	1,050
Net cash from financing activities	(3,020)	(1,834)	(282)	(2,425)	(2,017)	(1,379)
Net change in cash	65	(61)	33	78	(66)	(3)

SIC 5200 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 5200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (5200) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Sherwin Williams	264	6,860	1,105*	241.6M	—	Q3 FY26 10-QSep 30, 2026
Fastenal	212	2,463	422	1.1B	—	Q3 FY26 10-QSep 30, 2026
Tractor Supply	232	4,541	562*	521.0M	—	Q2 FY26 10-QJun 27, 2026
GrowGenerationadded: same SIC	23	43	0.9*	58.9M	—	Q2 FY26 10-QJun 30, 2026
iPoweradded: same SIC	0.5	1.4*	(0.6)*	1.3M	0.8 quarters	Q4 FY26 10-KJun 30, 2026
Ballyadded: same SIC	0	0*	0*	9.8M	—	Q4 FY24 10-KSep 30, 2024
ZKH Groupadded: same SIC	1,031	year only	year only	5.6B	—	Q4 FY25 20-FDec 31, 2025

Not investment advice. Not affiliated with the U.S. SEC.