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Sherwin-Williams (SHW) Financials

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$334.23 +2.98 (+0.90%)
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Annual Income Statements for Sherwin-Williams

Annual Income Statements for Sherwin-Williams

This table shows Sherwin-Williams' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
1,054 1,133 1,728 1,109 1,541 2,030 1,864 2,020 2,389 2,681
Consolidated Net Income / (Loss)
1,054 1,133 1,728 1,109 1,541 2,030 1,864 2,020 2,389 2,681
Net Income / (Loss) Continuing Operations
1,054 1,133 1,770 1,109 1,541 2,030 1,864 2,020 2,389 2,681
Total Pre-Tax Income
1,549 1,595 1,469 1,360 1,982 2,519 2,249 2,573 3,110 3,452
Total Operating Income
1,646 1,745 1,712 2,067 2,326 2,861 2,559 3,003 3,568 3,812
Total Gross Profit
5,560 5,921 6,719 7,419 8,036 8,683 8,543 9,325 10,758 11,195
Total Revenue
11,339 11,856 14,984 17,535 17,901 18,362 19,945 22,149 23,052 23,099
Operating Revenue
11,339 11,856 14,984 17,535 17,901 18,362 19,945 22,149 23,052 23,099
Total Cost of Revenue
5,780 5,934 8,265 10,116 9,865 9,679 11,402 12,824 12,294 11,903
Operating Cost of Revenue
5,780 5,934 8,265 10,116 9,865 9,679 11,402 12,824 12,294 11,903
Total Operating Expenses
3,914 4,176 5,006 5,352 5,710 5,821 5,984 6,322 7,190 7,383
Selling, General & Admin Expense
3,886 4,140 4,798 5,034 5,275 5,478 5,882 6,332 7,065 7,422
Other Operating Expenses / (Income)
- - - - - 28 102 -25 67 -39
Impairment Charge
0.00 11 2.00 0.00 122 2.30 0.00 16 58 0.00
Total Other Income / (Expense), net
-97 -150 -243 -707 -345 -342 -310 -430 -458 -360
Interest Expense
62 154 264 367 349 340 335 391 418 416
Interest & Investment Income
1.40 4.96 8.60 5.20 26 3.60 4.90 8.00 25 11
Other Income / (Expense), net
-36 -0.55 12 -346 -21 -5.30 20 -47 -66 45
Income Tax Expense
495 463 -300 251 441 489 384 553 721 770
Basic Earnings per Share
$11.43 $12.33 $18.60 $11.92 $5.60 $7.48 $7.10 $7.83 $9.35 $10.68
Weighted Average Basic Shares Outstanding
92.20M 91.84M 92.90M 92.99M 275.40M 271.30M 262.50M 258M 255.40M 251M
Diluted Earnings per Share
$11.15 $11.99 $18.20 $11.67 $5.50 $7.36 $6.98 $7.72 $9.25 $10.55
Weighted Average Diluted Shares Outstanding
92.20M 91.84M 92.90M 94.99M 280.30M 275.80M 267.10M 261.80M 258.30M 254.10M
Weighted Average Basic & Diluted Shares Outstanding
92.20M 91.84M 92.90M 93M 92.23M 89.60M 260.37M 258.44M 254.46M 251.36M
Cash Dividends to Common per Share
$2.68 $3.36 $3.40 $3.44 $1.51 $1.79 $2.20 $2.40 $2.42 $2.86

Quarterly Income Statements for Sherwin-Williams

This table shows Sherwin-Williams' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
685 386 477 794 762 356 505 890 806 480
Consolidated Net Income / (Loss)
685 386 477 794 762 356 505 890 806 480
Net Income / (Loss) Continuing Operations
685 386 477 794 762 356 505 890 806 480
Total Pre-Tax Income
877 495 615 1,012 1,009 474 640 1,173 1,023 616
Total Operating Income
994 597 717 1,111 1,098 642 729 1,251 1,133 698
Total Gross Profit
2,589 2,234 2,421 2,872 2,916 2,549 2,531 3,063 3,028 2,573
Total Revenue
6,047 5,231 5,442 6,241 6,117 5,252 5,367 6,272 6,163 5,297
Operating Revenue
6,047 5,231 5,442 6,241 6,117 5,252 5,367 6,272 6,163 5,297
Total Cost of Revenue
3,458 2,997 3,022 3,368 3,201 2,704 2,836 3,208 3,135 2,724
Operating Cost of Revenue
3,458 2,997 3,022 3,368 3,201 2,704 2,836 3,208 3,135 2,724
Total Operating Expenses
1,596 1,637 1,704 1,762 1,818 1,907 1,802 1,812 1,894 1,875
Selling, General & Admin Expense
1,610 1,639 1,693 1,760 1,757 1,856 1,800 1,846 1,894 1,883
Other Operating Expenses / (Income)
-14 -17 11 -33 62 27 2.00 -34 0.70 -7.90
Total Other Income / (Expense), net
-117 -102 -103 -99 -89 -168 -89 -78 -110 -83
Interest Expense
101 108 109 112 102 95 103 111 103 99
Interest & Investment Income
2.60 3.20 3.50 7.20 5.10 9.40 6.10 0.90 2.60 1.40
Other Income / (Expense), net
-18 2.90 3.20 5.80 8.00 -83 7.70 32 -9.50 15
Income Tax Expense
192 109 137 218 248 118 135 284 217 136
Basic Earnings per Share
$2.66 $1.50 $1.86 $3.10 $2.98 $1.41 $2.00 $3.55 $3.22 $1.91
Weighted Average Basic Shares Outstanding
257.70M 258M 256.70M 256M 255.10M 255.40M 252.50M 251M 250.60M 251M
Diluted Earnings per Share
$2.62 $1.50 $1.84 $3.07 $2.95 $1.39 $1.97 $3.50 $3.18 $1.90
Weighted Average Diluted Shares Outstanding
261.10M 261.80M 259.70M 258.90M 258.40M 258.30M 255.80M 254.20M 253.90M 254.10M
Weighted Average Basic & Diluted Shares Outstanding
259.14M 258.44M 257.89M 257.15M 255.97M 254.46M 253.55M 252.26M 251.85M 251.36M

Annual Cash Flow Statements for Sherwin-Williams

This table details how cash moves in and out of Sherwin-Williams' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
165 684 -649 -49 6.30 65 -61 33 78 -66
Net Cash From Operating Activities
1,447 1,309 1,884 1,944 2,321 3,409 2,245 1,920 3,522 3,153
Net Cash From Continuing Operating Activities
1,447 1,309 1,884 1,944 2,321 3,409 2,245 1,920 3,522 3,153
Net Income / (Loss) Continuing Operations
1,054 1,133 1,770 1,109 1,541 2,030 1,864 2,020 2,389 2,681
Consolidated Net Income / (Loss)
1,054 1,133 1,728 1,109 1,541 2,030 1,864 2,020 2,389 2,681
Depreciation Expense
170 172 285 278 262 268 263 264 292 297
Amortization Expense
31 89 329 330 322 405 363 356 396 402
Non-Cash Adjustments To Reconcile Net Income
176 168 235 348 758 490 568 587 591 514
Changes in Operating Assets and Liabilities, net
16 -253 -734 -122 -562 215 -814 -1,307 -146 -741
Net Cash From Investing Activities
-289 -304 -9,047 -252 -463 -322 -476 -1,608 -1,039 -1,196
Net Cash From Continuing Investing Activities
-289 -304 -9,047 -252 -463 -322 -476 -1,608 -1,039 -1,196
Purchase of Property, Plant & Equipment
-234 -239 -223 -251 -329 -304 -372 -645 -888 -1,070
Acquisitions
0.00 0.00 -8,810 0.00 -77 0.00 -211 -1,003 -265 -79
Sale of Property, Plant & Equipment
11 38 47 38 6.90 61 15 33 70 12
Divestitures
- - - - 0.00 0.00 123 0.00 104 0.00
Other Investing Activities, net
-66 -103 -62 -39 -63 -79 -31 6.80 -60 -59
Net Cash From Financing Activities
-980 -307 6,514 -1,747 -1,846 -3,020 -1,834 -282 -2,425 -2,017
Net Cash From Continuing Financing Activities
-980 -307 6,514 -1,747 -1,846 -3,020 -1,834 -282 -2,425 -2,017
Repayment of Debt
-673 -83 -1,942 -1,159 -2,134 -1,450 306 -77 -787 -890
Repurchase of Common Equity
-1,035 0.00 0.00 -613 -779 -2,446 -2,752 -883 -1,432 -1,739
Payment of Dividends
-250 -312 -319 -323 -421 -488 -587 -619 -624 -723
Issuance of Debt
798 0.50 8,632 32 1,333 999 995 1,000 0.00 849
Issuance of Common Equity
- - - 0.00 0.00 182 12 22 0.00 0.00
Other Financing Activities, net
180 87 144 316 155 183 193 275 418 486
Effect of Exchange Rate Changes
-13 -13 - 5.90 -6.00 -1.30 4.90 3.20 20 -6.20
Cash Interest Paid
49 154 221 368 336 341 339 371 417 407
Cash Income Taxes Paid
335 478 420 292 408 437 466 580 817 780

Quarterly Cash Flow Statements for Sherwin-Williams

This table details how cash moves in and out of Sherwin-Williams' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-182 68 -47 58 294 -227 -97 20 38 -28
Net Cash From Operating Activities
639 641 88 1,206 1,309 919 -59 1,203 1,075 935
Net Cash From Continuing Operating Activities
639 641 88 1,206 1,309 919 -59 1,203 1,075 935
Net Income / (Loss) Continuing Operations
685 386 477 794 762 356 505 890 806 480
Consolidated Net Income / (Loss)
685 386 477 794 762 356 505 890 806 480
Depreciation Expense
65 69 70 76 72 74 71 72 74 80
Amortization Expense
88 86 103 103 104 85 102 104 95 101
Non-Cash Adjustments To Reconcile Net Income
139 179 126 143 133 190 127 122 133 132
Changes in Operating Assets and Liabilities, net
-338 -80 -689 91 239 214 -864 16 -34 142
Net Cash From Investing Activities
-577 -557 -233 -185 -91 -530 -321 -261 -329 -286
Net Cash From Continuing Investing Activities
-577 -557 -233 -185 -91 -530 -321 -261 -329 -286
Purchase of Property, Plant & Equipment
-175 -234 -210 -206 -153 -320 -284 -251 -235 -300
Acquisitions
-415 -376 -0.30 -23 - -242 0.00 - - -79
Sale of Property, Plant & Equipment
18 - - - 1.80 21 - - - 2.30
Other Investing Activities, net
-5.00 53 -23 -36 -11 9.60 -38 -19 -93 91
Net Cash From Financing Activities
-256 -19 98 -968 -916 -640 290 -917 -719 -671
Net Cash From Continuing Financing Activities
-256 -19 98 -968 -916 -640 290 -917 -719 -671
Repayment of Debt
-0.50 218 -25 -172 -468 -123 -20 479 -1,089 -260
Repurchase of Common Equity
-48 -132 -302 -234 -410 -486 -546 -434 -449 -310
Payment of Dividends
-156 -156 -157 -156 -156 -155 -183 -179 -183 -180
Other Financing Activities, net
13 236 78 98 118 124 155 99 153 80
Effect of Exchange Rate Changes
11 3.20 -0.30 3.80 -8.10 25 -6.30 -4.60 11 -6.00
Cash Interest Paid
89 104 113 107 104 92 108 106 109 85
Cash Income Taxes Paid
253 150 41 265 217 294 70 173 355 182

Annual Balance Sheets for Sherwin-Williams

This table presents Sherwin-Williams' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
5,779 6,753 19,900 19,134 20,496 20,402 20,667 22,594 22,954 23,633
Total Current Assets
2,657 3,627 4,407 4,345 4,632 4,591 5,054 5,908 5,513 5,401
Cash & Equivalents
206 890 204 156 162 227 166 199 277 210
Accounts Receivable
1,114 1,231 2,105 2,019 2,089 2,078 2,352 2,564 2,468 2,389
Inventories, net
1,019 1,068 1,743 1,815 1,890 1,804 1,927 2,627 2,330 2,288
Other Current Assets
231 381 356 355 491 483 608 519 438 514
Plant, Property, & Equipment, net
1,042 1,096 1,877 1,777 1,835 1,835 1,867 2,207 2,837 3,533
Total Noncurrent Assets
2,080 2,029 13,615 13,013 14,029 13,976 13,746 14,479 14,605 14,699
Goodwill
1,143 1,127 6,814 6,957 7,005 7,049 7,135 7,583 7,626 7,580
Intangible Assets
255 255 6,002 5,202 4,735 4,471 4,002 4,002 3,881 3,533
Other Noncurrent Operating Assets
436 422 502 584 2,290 2,455 2,610 2,894 3,098 3,585
Total Liabilities & Shareholders' Equity
5,779 6,753 19,900 19,134 20,496 20,402 20,667 22,594 22,954 23,633
Total Liabilities
4,911 4,874 16,252 15,404 16,373 16,791 18,230 19,492 19,239 19,581
Total Current Liabilities
2,142 2,829 3,987 4,298 4,522 4,594 5,720 5,961 6,627 6,809
Short-Term Debt
43 741 635 636 635 25 1,024 979 1,473 1,712
Accounts Payable
1,158 1,035 1,792 1,799 1,876 2,118 2,403 2,437 2,315 2,253
Current Deferred & Payable Income Tax Liabilities
81 77 80 81 86 184 160 197 197 174
Current Employee Benefit Liabilities
338 398 508 505 553 753 717 785 863 843
Other Current Liabilities
522 579 973 1,277 1,373 1,515 1,416 1,564 1,779 1,827
Total Noncurrent Liabilities
2,769 2,045 12,264 11,106 11,851 12,196 12,510 13,531 12,612 12,773
Long-Term Debt
1,907 1,211 9,886 8,708 8,051 8,267 8,591 9,591 8,378 8,177
Noncurrent Deferred & Payable Income Tax Liabilities
139 74 1,420 1,131 970 846 768 682 683 608
Noncurrent Employee Benefit Liabilities
249 250 275 258 263 276 259 139 133 121
Other Noncurrent Operating Liabilities
475 509 684 1,009 2,567 2,808 2,892 3,119 3,418 3,868
Total Equity & Noncontrolling Interests
868 1,878 3,648 3,731 4,123 3,611 2,437 3,102 3,716 4,051
Total Preferred & Common Equity
868 1,878 3,648 3,731 4,123 3,611 2,437 3,102 3,716 4,051
Total Common Equity
868 1,878 3,648 3,731 4,123 3,611 2,437 3,102 3,716 4,051
Common Stock
2,446 2,605 2,841 3,015 3,272 3,581 3,884 4,055 4,285 4,669
Retained Earnings
3,229 4,049 5,458 6,247 7,367 844 2,122 3,523 5,288 7,246
Treasury Stock
-4,220 -4,236 -4,266 -4,901 -5,837 -97 -2,870 -3,776 -5,234 -6,989
Accumulated Other Comprehensive Income / (Loss)
-587 -540 -385 -630 -680 -718 -698 -701 -624 -875

Quarterly Balance Sheets for Sherwin-Williams

This table presents Sherwin-Williams' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Total Assets
22,246 22,594 23,130 23,166 23,005 22,954 23,428 23,734 23,968 23,633
Total Current Assets
6,117 5,908 6,293 6,351 6,199 5,513 5,842 6,051 5,974 5,401
Cash & Equivalents
131 199 151 209 503 277 180 200 238 210
Accounts Receivable
2,898 2,564 2,909 3,118 2,941 2,468 2,809 3,048 2,973 2,389
Inventories, net
2,548 2,627 2,708 2,439 2,244 2,330 2,378 2,289 2,267 2,288
Other Current Assets
541 519 524 584 510 438 475 513 495 514
Plant, Property, & Equipment, net
2,041 2,207 2,362 2,443 2,581 2,837 3,009 3,137 3,345 3,533
Total Noncurrent Assets
14,087 14,479 14,475 14,373 14,225 14,605 14,577 14,547 14,649 14,699
Goodwill
7,318 7,583 7,445 7,447 7,412 7,626 7,621 7,607 7,657 7,580
Intangible Assets
3,958 4,002 4,104 3,934 3,824 3,881 3,778 3,693 3,657 3,533
Other Noncurrent Operating Assets
2,811 2,894 2,926 2,992 2,989 3,098 3,178 3,247 3,335 3,585
Total Liabilities & Shareholders' Equity
22,246 22,594 23,130 23,166 23,005 22,954 23,428 23,734 23,968 23,633
Total Liabilities
19,648 19,492 19,963 19,535 19,225 19,239 19,924 19,982 19,812 19,581
Total Current Liabilities
6,096 5,961 6,306 6,339 6,623 6,627 7,484 7,467 7,218 6,809
Short-Term Debt
946 979 1,482 1,306 1,437 1,473 2,605 2,208 1,964 1,712
Accounts Payable
2,808 2,437 2,514 2,490 2,425 2,315 2,454 2,494 2,538 2,253
Current Deferred & Payable Income Tax Liabilities
205 197 315 308 380 197 240 347 215 174
Current Employee Benefit Liabilities
651 785 528 701 768 863 560 709 726 843
Other Current Liabilities
1,486 1,564 1,467 1,535 1,614 1,779 1,624 1,709 1,776 1,827
Total Noncurrent Liabilities
13,552 13,531 13,657 13,196 12,601 12,612 12,441 12,516 12,594 12,773
Long-Term Debt
9,589 9,591 9,593 9,096 8,499 8,378 8,130 8,131 8,175 8,177
Noncurrent Deferred & Payable Income Tax Liabilities
692 682 740 711 648 683 666 642 632 608
Noncurrent Employee Benefit Liabilities
257 139 139 139 139 133 133 133 133 121
Other Noncurrent Operating Liabilities
3,015 3,119 3,185 3,250 3,314 3,418 3,512 3,610 3,654 3,868
Total Equity & Noncontrolling Interests
2,598 3,102 3,167 3,631 3,780 3,716 3,504 3,752 4,156 4,051
Total Preferred & Common Equity
2,598 3,102 3,167 3,631 3,780 3,716 3,504 3,752 4,156 4,051
Total Common Equity
2,598 3,102 3,167 3,631 3,780 3,716 3,504 3,752 4,156 4,051
Common Stock
4,011 4,055 4,089 4,136 4,196 4,285 4,391 4,434 4,564 4,669
Retained Earnings
3,293 3,523 3,844 4,482 5,087 5,288 5,611 6,322 6,946 7,246
Treasury Stock
-3,643 -3,776 -4,101 -4,335 -4,747 -5,234 -5,793 -6,228 -6,678 -6,989
Accumulated Other Comprehensive Income / (Loss)
-1,063 -701 -666 -651 -756 -624 -705 -777 -676 -875

Annual Metrics and Ratios for Sherwin-Williams

This table displays calculated financial ratios and metrics derived from Sherwin-Williams' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
1.88% 4.55% 26.39% 17.02% 2.09% 2.57% 8.62% 11.05% 4.08% 0.20%
EBITDA Growth
19.02% 10.74% 16.58% -0.36% 24.03% 22.15% -9.20% 11.57% 17.19% 8.72%
EBIT Growth
21.97% 8.39% -1.16% -0.17% 33.93% 23.89% -9.72% 14.64% 18.48% 10.12%
NOPAT Growth
21.28% 10.66% 66.45% -18.28% 7.36% 27.46% -8.00% 11.12% 16.24% 8.05%
Net Income Growth
21.71% 7.48% 52.55% -35.84% 39.02% 31.73% -8.18% 8.35% 18.25% 12.25%
EPS Growth
27.14% 7.53% 51.79% -35.88% 39.02% 31.73% -5.16% 10.60% 19.82% 14.05%
Operating Cash Flow Growth
33.84% -9.60% 43.97% 3.17% 19.43% 46.84% -34.15% -14.47% 83.44% -10.47%
Free Cash Flow Firm Growth
37.14% -27.91% -1,084.87% 130.47% -23.77% 57.42% -41.66% -59.66% 279.17% -13.74%
Invested Capital Growth
-5.17% 12.60% 374.78% -7.49% -2.11% -7.67% 1.80% 13.35% -1.36% 3.31%
Revenue Q/Q Growth
0.31% 1.52% 8.68% 0.49% 0.28% 2.08% 1.39% 2.16% 0.09% 0.20%
EBITDA Q/Q Growth
6.54% 2.33% 5.05% -7.51% 6.13% 9.80% -6.98% 5.18% -0.87% 4.00%
EBIT Q/Q Growth
7.55% 1.70% -1.81% -6.76% 7.86% 8.71% -7.03% 7.62% -1.15% 4.15%
NOPAT Q/Q Growth
5.43% -0.28% 66.31% -33.66% -1.42% 7.34% -7.36% 8.92% 0.68% 2.06%
Net Income Q/Q Growth
6.60% 0.44% 60.30% -40.42% 10.60% 8.46% -5.24% 4.25% -1.24% 4.84%
EPS Q/Q Growth
7.31% 0.59% 59.79% -41.62% 10.60% 8.46% -7.18% 2.66% -2.43% 5.08%
Operating Cash Flow Q/Q Growth
31.26% -13.43% 17.69% -5.48% 6.78% 5.74% -22.48% 30.36% 8.56% 0.51%
Free Cash Flow Firm Q/Q Growth
26.09% -25.29% 4.52% 4.94% -17.21% 8.80% -32.11% 49.44% 16.41% 22.63%
Invested Capital Q/Q Growth
-7.77% 2.95% 3.57% -3.74% -0.74% -1.70% 4.70% 3.62% 0.59% -2.34%
Profitability Metrics
- - - - - - - - - -
Gross Margin
49.03% 49.94% 44.84% 42.31% 44.89% 47.29% 42.83% 42.10% 46.67% 48.47%
EBITDA Margin
15.97% 16.92% 15.60% 13.29% 16.14% 19.22% 16.07% 16.14% 18.18% 19.72%
Operating Margin
14.51% 14.72% 11.43% 11.79% 13.00% 15.58% 12.83% 13.56% 15.48% 16.50%
EBIT Margin
14.19% 14.71% 11.51% 9.82% 12.88% 15.55% 12.93% 13.35% 15.19% 16.70%
Profit (Net Income) Margin
9.29% 9.55% 11.53% 6.32% 8.61% 11.06% 9.35% 9.12% 10.36% 11.61%
Tax Burden Percent
68.04% 71.01% 117.60% 81.54% 77.77% 80.60% 82.91% 78.51% 76.81% 77.68%
Interest Burden Percent
96.25% 91.45% 85.22% 79.00% 85.97% 88.21% 87.21% 87.05% 88.80% 89.51%
Effective Tax Rate
31.96% 28.99% -20.43% 18.46% 22.23% 19.40% 17.09% 21.49% 23.19% 22.32%
Return on Invested Capital (ROIC)
41.73% 44.62% 24.40% 12.54% 14.15% 18.96% 18.01% 18.59% 20.48% 21.92%
ROIC Less NNEP Spread (ROIC-NNEP)
37.97% 37.05% 18.52% 6.63% 11.13% 15.64% 15.07% 15.19% 16.95% 19.01%
Return on Net Nonoperating Assets (RNNOA)
71.32% 37.87% 38.14% 17.51% 25.10% 33.54% 43.64% 54.34% 49.59% 47.13%
Return on Equity (ROE)
113.05% 82.49% 62.53% 30.05% 39.25% 52.51% 61.65% 72.94% 70.07% 69.05%
Cash Return on Invested Capital (CROIC)
47.03% 32.77% -106.01% 20.31% 16.28% 26.94% 16.22% 6.08% 21.85% 18.67%
Operating Return on Assets (OROA)
28.04% 27.84% 12.94% 8.82% 11.63% 13.97% 12.56% 13.67% 15.38% 16.56%
Return on Assets (ROA)
18.36% 18.08% 12.97% 5.68% 7.78% 9.93% 9.08% 9.34% 10.49% 11.51%
Return on Common Equity (ROCE)
113.05% 82.49% 62.53% 30.05% 39.25% 52.51% 61.65% 72.94% 70.07% 69.05%
Return on Equity Simple (ROE_SIMPLE)
121.42% 60.30% 47.37% 29.72% 37.38% 56.23% 76.50% 65.12% 64.29% 66.19%
Net Operating Profit after Tax (NOPAT)
1,120 1,239 2,062 1,685 1,809 2,306 2,122 2,358 2,740 2,961
NOPAT Margin
9.87% 10.45% 13.76% 9.61% 10.11% 12.56% 10.64% 10.64% 11.89% 12.82%
Net Nonoperating Expense Percent (NNEP)
3.76% 7.57% 5.88% 5.91% 3.03% 3.32% 2.94% 3.40% 3.53% 2.91%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 17.24% 20.20% 21.24%
Cost of Revenue to Revenue
50.97% 50.06% 55.16% 57.69% 55.11% 52.71% 57.17% 57.90% 53.33% 51.53%
SG&A Expenses to Revenue
34.27% 34.92% 32.02% 28.71% 29.47% 29.83% 29.49% 28.59% 30.65% 32.13%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
34.52% 35.23% 33.41% 30.52% 31.90% 31.70% 30.00% 28.54% 31.19% 31.96%
Earnings before Interest and Taxes (EBIT)
1,609 1,744 1,724 1,721 2,305 2,856 2,578 2,956 3,502 3,857
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,811 2,006 2,338 2,330 2,889 3,529 3,205 3,576 4,190 4,556
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
25.64 12.39 9.90 9.38 12.52 17.87 36.92 19.47 21.31 21.13
Price to Tangible Book Value (P/TBV)
0.00 46.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.96 1.96 2.41 1.99 2.88 3.51 4.51 2.73 3.43 3.71
Price to Earnings (P/E)
21.12 20.55 20.89 31.55 33.49 31.78 48.26 29.90 33.14 31.93
Dividend Yield
1.12% 1.34% 0.88% 0.92% 0.81% 0.75% 0.64% 1.03% 0.78% 0.84%
Earnings Yield
4.74% 4.87% 4.79% 3.17% 2.99% 3.15% 2.07% 3.35% 3.02% 3.13%
Enterprise Value to Invested Capital (EV/IC)
9.19 8.27 3.32 3.42 4.76 6.22 8.36 5.25 6.68 6.94
Enterprise Value to Revenue (EV/Rev)
2.12 2.05 3.10 2.52 3.36 3.95 4.99 3.19 3.85 4.13
Enterprise Value to EBITDA (EV/EBITDA)
13.25 12.13 19.85 18.96 20.82 20.57 31.03 19.79 21.18 20.92
Enterprise Value to EBIT (EV/EBIT)
14.91 13.95 26.92 25.66 26.09 25.42 38.56 23.94 25.34 24.71
Enterprise Value to NOPAT (EV/NOPAT)
21.43 19.64 22.51 26.21 33.24 31.48 46.86 30.02 32.38 32.18
Enterprise Value to Operating Cash Flow (EV/OCF)
16.58 18.60 24.64 22.72 25.91 21.30 44.29 36.86 25.20 30.22
Enterprise Value to Free Cash Flow (EV/FCFF)
19.02 26.75 0.00 16.17 28.90 22.16 52.01 91.78 30.36 37.79
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
2.25 1.04 2.88 2.50 2.11 2.30 3.95 3.41 2.65 2.44
Long-Term Debt to Equity
2.20 0.64 2.71 2.33 1.95 2.29 3.52 3.09 2.25 2.02
Financial Leverage
1.88 1.02 2.06 2.64 2.26 2.14 2.90 3.58 2.93 2.48
Leverage Ratio
6.16 4.56 4.82 5.29 5.05 5.29 6.79 7.81 6.68 6.00
Compound Leverage Factor
5.93 4.17 4.11 4.18 4.34 4.66 5.92 6.80 5.93 5.37
Debt to Total Capital
69.20% 50.97% 74.25% 71.47% 67.81% 69.66% 79.78% 77.31% 72.61% 70.94%
Short-Term Debt to Total Capital
1.51% 19.35% 4.48% 4.86% 4.95% 0.21% 8.50% 7.16% 10.86% 12.28%
Long-Term Debt to Total Capital
67.69% 31.62% 69.77% 66.60% 62.85% 69.45% 71.28% 70.15% 61.75% 58.66%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
30.80% 49.03% 25.75% 28.53% 32.19% 30.34% 20.22% 22.69% 27.39% 29.06%
Debt to EBITDA
1.08 0.97 4.50 4.01 3.01 2.35 3.00 2.96 2.35 2.17
Net Debt to EBITDA
0.96 0.53 4.41 3.94 2.95 2.29 2.95 2.90 2.28 2.12
Long-Term Debt to EBITDA
1.05 0.60 4.23 3.74 2.79 2.34 2.68 2.68 2.00 1.79
Debt to NOPAT
1.74 1.58 5.10 5.54 4.80 3.60 4.53 4.48 3.59 3.34
Net Debt to NOPAT
1.56 0.86 5.00 5.45 4.71 3.50 4.45 4.40 3.49 3.27
Long-Term Debt to NOPAT
1.70 0.98 4.79 5.17 4.45 3.58 4.05 4.07 3.06 2.76
Altman Z-Score
6.49 6.45 2.78 3.04 3.65 3.73 4.44 3.49 4.24 4.50
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.24 1.28 1.11 1.01 1.02 1.00 0.88 0.99 0.83 0.79
Quick Ratio
0.62 0.75 0.58 0.51 0.50 0.50 0.44 0.46 0.41 0.38
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
1,262 910 -8,961 2,731 2,081 3,277 1,911 771 2,924 2,522
Operating Cash Flow to CapEx
648.97% 652.36% 1,072.89% 914.25% 720.90% 1,402.14% 628.39% 314.07% 430.39% 297.92%
Free Cash Flow to Firm to Interest Expense
20.42 5.90 -34.01 7.45 5.96 9.63 5.71 1.97 7.00 6.07
Operating Cash Flow to Interest Expense
23.43 8.49 7.15 5.30 6.65 10.01 6.71 4.91 8.44 7.59
Operating Cash Flow Less CapEx to Interest Expense
19.82 7.19 6.48 4.72 5.72 9.30 5.64 3.35 6.48 5.04
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.98 1.89 1.12 0.90 0.90 0.90 0.97 1.02 1.01 0.99
Accounts Receivable Turnover
10.10 10.11 8.98 8.50 8.72 8.81 9.00 9.01 9.16 9.51
Inventory Turnover
5.63 5.69 5.88 5.69 5.33 5.24 6.11 5.63 4.96 5.16
Fixed Asset Turnover
10.99 11.09 10.08 9.60 9.91 10.01 10.78 10.87 9.14 7.25
Accounts Payable Turnover
5.25 5.41 5.85 5.63 5.37 4.85 5.04 5.30 5.17 5.21
Days Sales Outstanding (DSO)
36.13 36.10 40.63 42.92 41.88 41.42 40.54 40.51 39.83 38.37
Days Inventory Outstanding (DIO)
64.80 64.18 62.07 64.19 68.54 69.64 59.72 64.81 73.58 70.80
Days Payable Outstanding (DPO)
69.46 67.42 62.40 64.78 68.00 75.31 72.36 68.87 70.54 70.04
Cash Conversion Cycle (CCC)
31.47 32.86 40.29 42.32 42.42 35.75 27.90 36.44 42.87 39.13
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
2,612 2,941 13,964 12,919 12,647 11,676 11,887 13,473 13,290 13,729
Invested Capital Turnover
4.23 4.27 1.77 1.30 1.40 1.51 1.69 1.75 1.72 1.71
Increase / (Decrease) in Invested Capital
-142 329 11,023 -1,045 -272 -970 210 1,587 -183 439
Enterprise Value (EV)
23,998 24,334 46,415 44,163 60,144 72,595 99,423 70,762 88,746 95,290
Market Capitalization
22,254 23,272 36,099 34,975 51,620 64,530 89,974 60,392 79,172 85,612
Book Value per Share
$9.32 $20.22 $39.01 $39.85 $44.67 $39.76 $9.30 $11.97 $14.52 $16.09
Tangible Book Value per Share
($5.70) $5.34 ($98.05) ($90.01) ($82.51) ($87.09) ($33.18) ($32.74) ($30.44) ($28.04)
Total Capital
2,818 3,831 14,169 13,074 12,809 11,903 12,052 13,672 13,567 13,940
Total Debt
1,950 1,953 10,521 9,344 8,685 8,292 9,615 10,570 9,851 9,888
Total Long-Term Debt
1,907 1,211 9,886 8,708 8,051 8,267 8,591 9,591 8,378 8,177
Net Debt
1,744 1,063 10,316 9,188 8,523 8,066 9,449 10,371 9,574 9,678
Capital Expenditures (CapEx)
223 201 176 213 322 243 357 611 818 1,058
Debt-free, Cash-free Net Working Capital (DFCFNWC)
352 650 851 527 583 -204 193 727 82 93
Debt-free Net Working Capital (DFNWC)
558 1,539 1,055 682 744 22 358 926 359 304
Net Working Capital (NWC)
515 798 420 47 110 -3.00 -666 -53 -1,114 -1,408
Net Nonoperating Expense (NNE)
66 106 334 576 268 276 257 337 352 280
Net Nonoperating Obligations (NNO)
1,744 1,063 10,316 9,188 8,523 8,066 9,449 10,371 9,574 9,678
Total Depreciation and Amortization (D&A)
202 261 614 608 584 673 626 620 688 699
Debt-free, Cash-free Net Working Capital to Revenue
3.11% 5.48% 5.68% 3.00% 3.25% -1.11% 0.97% 3.28% 0.36% 0.40%
Debt-free Net Working Capital to Revenue
4.92% 12.98% 7.04% 3.89% 4.16% 0.12% 1.80% 4.18% 1.56% 1.31%
Net Working Capital to Revenue
4.54% 6.73% 2.80% 0.27% 0.61% -0.02% -3.34% -0.24% -4.83% -6.10%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.79 $4.11 $6.36 $3.97 $5.60 $7.48 $7.10 $7.83 $9.35 $10.68
Adjusted Weighted Average Basic Shares Outstanding
276.81M 279.92M 281.98M 278.15M 276.68M 271.28M 262.50M 258M 255.40M 251M
Adjusted Diluted Earnings per Share
$3.72 $4.00 $6.22 $3.89 $5.50 $7.36 $6.98 $7.72 $9.25 $10.55
Adjusted Weighted Average Diluted Shares Outstanding
276.81M 279.92M 281.98M 278.15M 276.68M 275.83M 267.10M 261.80M 258.30M 254.10M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
276.81M 279.92M 281.98M 278.15M 276.68M 268.81M 260.37M 258.44M 254.46M 251.36M
Normalized Net Operating Profit after Tax (NOPAT)
1,120 1,247 1,200 1,685 1,904 2,308 2,122 2,370 2,785 2,961
Normalized NOPAT Margin
9.87% 10.51% 8.01% 9.61% 10.64% 12.57% 10.64% 10.70% 12.08% 12.82%
Pre Tax Income Margin
13.66% 13.46% 9.81% 7.75% 11.07% 13.72% 11.27% 11.62% 13.49% 14.94%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
26.05 11.32 6.54 4.69 6.60 8.39 7.70 7.56 8.39 9.28
NOPAT to Interest Expense
18.12 8.04 7.83 4.60 5.18 6.77 6.34 6.03 6.56 7.12
EBIT Less CapEx to Interest Expense
22.44 10.02 5.88 4.11 5.68 7.68 6.64 6.00 6.43 6.73
NOPAT Less CapEx to Interest Expense
14.51 6.74 7.16 4.02 4.26 6.06 5.27 4.47 4.60 4.58
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
23.69% 27.55% 18.46% 29.12% 27.30% 24.03% 31.49% 30.62% 26.11% 26.98%
Augmented Payout Ratio
121.93% 27.55% 18.46% 84.44% 77.83% 144.52% 179.11% 74.34% 86.06% 91.83%

Quarterly Metrics and Ratios for Sherwin-Williams

This table displays calculated financial ratios and metrics derived from Sherwin-Williams' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
17.50% 9.84% 8.88% 6.27% 1.15% 0.41% -1.38% 0.50% 0.75% 0.86%
EBITDA Growth
35.13% 30.43% 26.93% 31.24% 13.57% -4.86% 1.80% 12.60% 0.86% 24.35%
EBIT Growth
40.63% 53.53% 31.35% 34.29% 13.32% -6.80% 2.26% 14.93% 1.61% 27.45%
NOPAT Growth
35.88% 81.73% 22.63% 31.68% 6.73% 3.47% 3.33% 8.94% 7.80% 12.92%
Net Income Growth
36.42% 27.07% 28.75% 37.34% 11.15% -7.79% 5.82% 12.12% 5.87% 34.78%
EPS Growth
39.36% 29.31% 30.50% 38.91% 12.60% -7.33% 7.07% 14.01% 7.80% 36.69%
Operating Cash Flow Growth
-24.75% 230.58% 235.36% 96.67% 104.74% 43.31% -166.78% -0.29% -17.88% 1.73%
Free Cash Flow Firm Growth
-179.56% -2,521.70% -1,022.84% -137.24% 170.83% 159.38% 154.84% 303.20% -92.21% -84.19%
Invested Capital Growth
14.52% 13.35% 13.40% 10.42% 1.62% -1.36% -0.23% 0.49% 6.40% 3.31%
Revenue Q/Q Growth
2.98% -13.51% 4.05% 14.67% -1.99% -14.13% 2.19% 16.85% -1.74% -14.04%
EBITDA Q/Q Growth
14.32% -33.08% 18.38% 44.91% -1.07% -43.94% 26.66% 60.28% -11.39% -30.88%
EBIT Q/Q Growth
17.35% -38.51% 20.10% 54.95% -0.97% -49.43% 31.78% 74.15% -12.44% -36.57%
NOPAT Q/Q Growth
17.34% -39.96% 19.52% 56.37% -4.89% -41.80% 19.37% 64.86% -5.88% -39.03%
Net Income Q/Q Growth
18.55% -43.61% 23.58% 66.25% -4.06% -53.22% 41.83% 76.15% -9.41% -40.45%
EPS Q/Q Growth
18.55% -42.75% 22.67% 66.85% -3.91% -52.88% 41.73% 77.67% -9.14% -40.25%
Operating Cash Flow Q/Q Growth
4.21% 0.28% -86.24% 1,267.80% 8.48% -29.81% -106.41% 2,142.28% -10.66% -13.05%
Free Cash Flow Firm Q/Q Growth
-377.09% -28.44% 1.16% 60.83% 242.44% 7.67% -8.72% 45.14% -94.54% 118.56%
Invested Capital Q/Q Growth
3.86% 3.62% 4.58% -1.90% -4.42% 0.59% 5.78% -1.20% 1.20% -2.34%
Profitability Metrics
- - - - - - - - - -
Gross Margin
42.82% 42.71% 44.48% 46.03% 47.68% 48.53% 47.16% 48.85% 49.13% 48.58%
EBITDA Margin
18.66% 14.44% 16.43% 20.76% 20.96% 13.68% 16.96% 23.26% 20.98% 16.87%
Operating Margin
16.44% 11.42% 13.18% 17.80% 17.95% 12.22% 13.59% 19.95% 18.39% 13.18%
EBIT Margin
16.14% 11.47% 13.24% 17.89% 18.08% 10.65% 13.73% 20.46% 18.23% 13.45%
Profit (Net Income) Margin
11.33% 7.39% 8.77% 12.72% 12.45% 6.78% 9.41% 14.19% 13.08% 9.06%
Tax Burden Percent
78.10% 78.06% 77.65% 78.42% 75.47% 75.15% 78.94% 75.84% 78.82% 77.99%
Interest Burden Percent
89.90% 82.48% 85.32% 90.64% 91.25% 84.76% 86.85% 91.44% 91.03% 86.38%
Effective Tax Rate
21.90% 21.94% 22.35% 21.58% 24.53% 24.85% 21.06% 24.16% 21.18% 22.01%
Return on Invested Capital (ROIC)
22.85% 15.57% 17.44% 24.33% 23.80% 15.82% 17.51% 25.12% 24.50% 17.58%
ROIC Less NNEP Spread (ROIC-NNEP)
21.90% 14.76% 16.69% 23.58% 23.12% 14.55% 16.85% 24.54% 23.60% 16.91%
Return on Net Nonoperating Assets (RNNOA)
78.95% 52.81% 65.24% 82.49% 71.92% 42.57% 54.26% 67.59% 57.51% 41.91%
Return on Equity (ROE)
101.80% 68.38% 82.68% 106.82% 95.72% 58.39% 71.77% 92.71% 82.01% 59.48%
Cash Return on Invested Capital (CROIC)
4.24% 6.08% 6.01% 10.37% 19.16% 21.85% 19.83% 19.98% 15.08% 18.67%
Operating Return on Assets (OROA)
16.28% 11.75% 13.34% 18.17% 18.40% 10.78% 13.55% 20.08% 17.90% 13.34%
Return on Assets (ROA)
11.43% 7.56% 8.84% 12.92% 12.67% 6.86% 9.29% 13.92% 12.84% 8.99%
Return on Common Equity (ROCE)
101.80% 68.38% 82.68% 106.82% 95.72% 58.39% 71.77% 92.71% 82.01% 59.48%
Return on Equity Simple (ROE_SIMPLE)
74.59% 0.00% 67.16% 64.51% 63.99% 0.00% 68.97% 66.98% 61.54% 0.00%
Net Operating Profit after Tax (NOPAT)
776 466 557 871 829 482 576 949 893 545
NOPAT Margin
12.84% 8.91% 10.24% 13.96% 13.55% 9.18% 10.72% 15.13% 14.49% 10.28%
Net Nonoperating Expense Percent (NNEP)
0.96% 0.81% 0.75% 0.76% 0.68% 1.26% 0.66% 0.58% 0.90% 0.67%
Return On Investment Capital (ROIC_SIMPLE)
- 3.41% - - - 3.55% - - - 3.91%
Cost of Revenue to Revenue
57.18% 57.29% 55.52% 53.97% 52.32% 51.47% 52.84% 51.15% 50.87% 51.42%
SG&A Expenses to Revenue
26.62% 31.33% 31.11% 28.20% 28.72% 35.34% 33.53% 29.43% 30.73% 35.55%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
26.38% 31.29% 31.30% 28.23% 29.73% 36.31% 33.57% 28.89% 30.74% 35.40%
Earnings before Interest and Taxes (EBIT)
976 600 721 1,117 1,106 559 737 1,283 1,124 713
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,129 755 894 1,296 1,282 719 910 1,459 1,293 894
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
20.05 19.47 18.09 18.65 17.20 21.31 25.27 20.13 23.17 21.13
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.40 2.73 2.54 2.95 2.82 3.43 3.85 3.28 4.18 3.71
Price to Earnings (P/E)
26.87 29.90 26.94 28.91 26.88 33.14 36.63 30.05 37.65 31.93
Dividend Yield
1.17% 1.03% 1.08% 0.92% 0.96% 0.78% 0.73% 0.89% 0.72% 0.84%
Earnings Yield
3.72% 3.35% 3.71% 3.46% 3.72% 3.02% 2.73% 3.33% 2.66% 3.13%
Enterprise Value to Invested Capital (EV/IC)
4.81 5.25 4.84 5.64 5.63 6.68 7.05 6.17 7.55 6.94
Enterprise Value to Revenue (EV/Rev)
2.88 3.19 3.02 3.39 3.23 3.85 4.31 3.72 4.61 4.13
Enterprise Value to EBITDA (EV/EBITDA)
18.38 19.79 18.12 19.13 17.61 21.18 23.56 19.60 24.24 20.92
Enterprise Value to EBIT (EV/EBIT)
22.75 23.94 21.81 22.83 21.01 25.34 28.16 23.24 28.67 24.71
Enterprise Value to NOPAT (EV/NOPAT)
28.87 30.02 27.72 29.17 27.35 32.38 35.91 30.21 36.60 32.18
Enterprise Value to Operating Cash Flow (EV/OCF)
42.42 36.86 34.43 30.26 22.95 25.20 29.36 25.41 33.84 30.22
Enterprise Value to Free Cash Flow (EV/FCFF)
121.10 91.78 85.66 57.05 29.64 30.36 35.50 30.94 51.63 37.79
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
4.06 3.41 3.50 2.86 2.63 2.65 3.06 2.76 2.44 2.44
Long-Term Debt to Equity
3.69 3.09 3.03 2.50 2.25 2.25 2.32 2.17 1.97 2.02
Financial Leverage
3.61 3.58 3.91 3.50 3.11 2.93 3.22 2.75 2.44 2.48
Leverage Ratio
8.13 7.81 8.31 7.72 7.10 6.68 6.98 6.35 5.92 6.00
Compound Leverage Factor
7.31 6.44 7.09 7.00 6.47 5.66 6.06 5.81 5.39 5.18
Debt to Total Capital
80.22% 77.31% 77.76% 74.12% 72.44% 72.61% 75.39% 73.37% 70.93% 70.94%
Short-Term Debt to Total Capital
7.20% 7.16% 10.41% 9.30% 10.48% 10.86% 18.30% 15.67% 13.74% 12.28%
Long-Term Debt to Total Capital
73.02% 70.15% 67.36% 64.82% 61.97% 61.75% 57.09% 57.70% 57.19% 58.66%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
19.78% 22.69% 22.24% 25.88% 27.56% 27.39% 24.61% 26.63% 29.07% 29.06%
Debt to EBITDA
3.10 2.96 2.94 2.55 2.35 2.35 2.55 2.37 2.31 2.17
Net Debt to EBITDA
3.06 2.90 2.90 2.50 2.23 2.28 2.51 2.32 2.26 2.12
Long-Term Debt to EBITDA
2.82 2.68 2.55 2.23 2.01 2.00 1.93 1.86 1.87 1.79
Debt to NOPAT
4.87 4.48 4.50 3.89 3.65 3.59 3.89 3.65 3.49 3.34
Net Debt to NOPAT
4.81 4.40 4.44 3.82 3.47 3.49 3.83 3.58 3.41 3.27
Long-Term Debt to NOPAT
4.43 4.07 3.90 3.41 3.12 3.06 2.95 2.87 2.82 2.76
Altman Z-Score
2.92 3.14 3.03 3.50 3.48 3.82 4.00 3.72 4.38 4.06
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.00 0.99 1.00 1.00 0.94 0.83 0.78 0.81 0.83 0.79
Quick Ratio
0.50 0.46 0.49 0.52 0.52 0.41 0.40 0.44 0.44 0.38
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-872 -1,120 -1,107 -434 618 665 607 881 48 105
Operating Cash Flow to CapEx
408.17% 274.17% 42.02% 585.35% 866.12% 307.84% -20.75% 479.43% 456.74% 313.91%
Free Cash Flow to Firm to Interest Expense
-8.62 -10.35 -10.13 -3.88 6.06 7.03 5.90 7.96 0.47 1.07
Operating Cash Flow to Interest Expense
6.32 5.92 0.81 10.80 12.84 9.71 -0.57 10.86 10.39 9.49
Operating Cash Flow Less CapEx to Interest Expense
4.77 3.76 -1.11 8.96 11.36 6.56 -3.33 8.59 8.12 6.47
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.01 1.02 1.01 1.02 1.02 1.01 0.99 0.98 0.98 0.99
Accounts Receivable Turnover
7.89 9.01 7.94 7.53 7.89 9.16 8.04 7.46 7.80 9.51
Inventory Turnover
5.83 5.63 5.12 5.30 5.25 4.96 4.76 5.05 5.27 5.16
Fixed Asset Turnover
11.21 10.87 10.58 10.43 9.97 9.14 8.56 8.25 7.78 7.25
Accounts Payable Turnover
4.64 5.30 4.80 4.69 4.81 5.17 4.88 4.80 4.79 5.21
Days Sales Outstanding (DSO)
46.26 40.51 45.99 48.49 46.27 39.83 45.42 48.91 46.82 38.37
Days Inventory Outstanding (DIO)
62.66 64.81 71.25 68.92 69.48 73.58 76.65 72.22 69.29 70.80
Days Payable Outstanding (DPO)
78.74 68.87 76.04 77.90 75.88 70.54 74.87 76.12 76.22 70.04
Cash Conversion Cycle (CCC)
30.18 36.44 41.20 39.51 39.87 42.87 47.20 45.01 39.90 39.13
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
13,002 13,473 14,090 13,823 13,213 13,290 14,059 13,891 14,058 13,729
Invested Capital Turnover
1.78 1.75 1.70 1.74 1.76 1.72 1.63 1.66 1.69 1.71
Increase / (Decrease) in Invested Capital
1,649 1,587 1,665 1,305 211 -183 -32 68 845 439
Enterprise Value (EV)
62,479 70,762 68,225 77,917 74,444 88,746 99,081 85,654 106,181 95,290
Market Capitalization
52,075 60,392 57,301 67,725 65,012 79,172 88,526 75,515 96,279 85,612
Book Value per Share
$10.02 $11.97 $12.25 $14.08 $14.70 $14.52 $13.88 $14.80 $16.48 $16.09
Tangible Book Value per Share
($33.48) ($32.74) ($32.43) ($30.05) ($29.00) ($30.44) ($31.27) ($29.77) ($28.38) ($28.04)
Total Capital
13,133 13,672 14,242 14,033 13,716 13,567 14,239 14,091 14,296 13,940
Total Debt
10,535 10,570 11,075 10,401 9,936 9,851 10,735 10,339 10,140 9,888
Total Long-Term Debt
9,589 9,591 9,593 9,096 8,499 8,378 8,130 8,131 8,175 8,177
Net Debt
10,404 10,371 10,924 10,192 9,433 9,574 10,555 10,139 9,902 9,678
Capital Expenditures (CapEx)
157 234 210 206 151 298 284 251 235 298
Debt-free, Cash-free Net Working Capital (DFCFNWC)
837 727 1,317 1,108 509 82 784 592 482 93
Debt-free Net Working Capital (DFNWC)
967 926 1,469 1,317 1,012 359 964 792 721 304
Net Working Capital (NWC)
21 -53 -13 12 -424 -1,114 -1,641 -1,416 -1,244 -1,408
Net Nonoperating Expense (NNE)
91 80 80 77 67 126 70 59 87 64
Net Nonoperating Obligations (NNO)
10,404 10,371 10,924 10,192 9,433 9,574 10,555 10,139 9,902 9,678
Total Depreciation and Amortization (D&A)
153 155 174 179 176 159 173 176 169 181
Debt-free, Cash-free Net Working Capital to Revenue
3.86% 3.28% 5.83% 4.82% 2.21% 0.36% 3.41% 2.57% 2.09% 0.40%
Debt-free Net Working Capital to Revenue
4.46% 4.18% 6.50% 5.74% 4.40% 1.56% 4.20% 3.44% 3.13% 1.31%
Net Working Capital to Revenue
0.10% -0.24% -0.06% 0.05% -1.84% -4.83% -7.14% -6.15% -5.40% -6.10%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$2.66 $1.50 $1.86 $3.10 $2.98 $1.41 $2.00 $3.55 $3.22 $1.91
Adjusted Weighted Average Basic Shares Outstanding
257.70M 258M 256.70M 256M 255.10M 255.40M 252.50M 251M 250.60M 251M
Adjusted Diluted Earnings per Share
$2.62 $1.50 $1.84 $3.07 $2.95 $1.39 $1.97 $3.50 $3.18 $1.90
Adjusted Weighted Average Diluted Shares Outstanding
261.10M 261.80M 259.70M 258.90M 258.40M 258.30M 255.80M 254.20M 253.90M 254.10M
Adjusted Basic & Diluted Earnings per Share
$0.00 $1.50 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
259.14M 258.44M 257.89M 257.15M 255.97M 254.46M 253.55M 252.26M 251.85M 251.36M
Normalized Net Operating Profit after Tax (NOPAT)
776 466 557 898 829 482 576 949 893 545
Normalized NOPAT Margin
12.84% 8.91% 10.24% 14.39% 13.55% 9.18% 10.72% 15.13% 14.49% 10.28%
Pre Tax Income Margin
14.51% 9.46% 11.30% 16.22% 16.50% 9.02% 11.92% 18.71% 16.60% 11.62%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
9.64 5.54 6.59 10.00 10.85 5.91 7.15 11.58 10.87 7.24
NOPAT to Interest Expense
7.67 4.30 5.10 7.80 8.13 5.10 5.59 8.56 8.64 5.53
EBIT Less CapEx to Interest Expense
8.09 3.38 4.67 8.15 9.37 2.76 4.40 9.32 8.59 4.21
NOPAT Less CapEx to Interest Expense
6.12 2.14 3.18 5.95 6.65 1.94 2.83 6.30 6.36 2.51
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
31.33% 30.62% 29.35% 26.65% 25.80% 26.11% 26.88% 26.74% 27.33% 26.98%
Augmented Payout Ratio
104.96% 74.34% 65.92% 57.20% 70.37% 86.06% 96.23% 101.40% 102.19% 91.83%

Frequently Asked Questions About Sherwin-Williams' Financials

When does Sherwin-Williams's fiscal year end?

According to the most recent income statement we have on file, Sherwin-Williams' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Sherwin-Williams' net income changed over the last 9 years?

Sherwin-Williams' net income appears to be on an upward trend, with a most recent value of $2.68 billion in 2024, rising from $1.05 billion in 2015. The previous period was $2.39 billion in 2023.

What is Sherwin-Williams's operating income?
Sherwin-Williams's total operating income in 2024 was $3.81 billion, based on the following breakdown:
  • Total Gross Profit: $11.20 billion
  • Total Operating Expenses: $7.38 billion
How has Sherwin-Williams revenue changed over the last 9 years?

Over the last 9 years, Sherwin-Williams' total revenue changed from $11.34 billion in 2015 to $23.10 billion in 2024, a change of 103.7%.

How much debt does Sherwin-Williams have?

Sherwin-Williams' total liabilities were at $19.58 billion at the end of 2024, a 1.8% increase from 2023, and a 298.7% increase since 2015.

How much cash does Sherwin-Williams have?

In the past 9 years, Sherwin-Williams' cash and equivalents has ranged from $155.50 million in 2018 to $889.79 million in 2016, and is currently $210.40 million as of their latest financial filing in 2024.

How has Sherwin-Williams' book value per share changed over the last 9 years?

Over the last 9 years, Sherwin-Williams' book value per share changed from 9.32 in 2015 to 16.09 in 2024, a change of 72.5%.



This page (NYSE:SHW) was last updated on 4/24/2025 by MarketBeat.com Staff
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