Sherwin-Williams Company (The) (SHW) Financial Statements (2025 and earlier)

Company Profile

Business Address 101 PROSPECT AVE NW
CLEVELAND, OH 44115
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments210277199166227162
Cash and cash equivalent210277199166227162
Receivables2,3892,4682,5642,3522,0782,089
Inventory, net of allowances, customer advances and progress billings2,2882,3302,6271,9271,8041,890
Inventory2,2882,3302,6271,9271,8041,890
Other current assets514438519608483491
Total current assets:5,4015,5135,9085,0544,5914,632
Noncurrent Assets
Operating lease, right-of-use asset1,9541,8871,8671,8211,7611,686
Property, plant and equipment3,5332,8372,2071,8671,8351,835
Intangible assets, net (including goodwill)11,11311,50711,58511,13611,52011,739
Goodwill7,5807,6267,5837,1357,0497,005
Intangible assets, net (excluding goodwill)3,5333,8814,0024,0024,4714,735
Other noncurrent assets1,6321,2111,027789641561
Other undisclosed noncurrent assets     5343
Total noncurrent assets:18,23217,44216,68615,61315,81015,865
TOTAL ASSETS:23,63322,95422,59420,66720,40220,496
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2703,3753,4183,2803,0542,515
Taxes payable16018486
Employee-related liabilities717753553
Accounts payable2,2532,3152,4372,4032,1181,876
Accrued liabilities1,0171,060982   
Deferred revenue386 293260266 
Debt1,7151,4739791,024251,006
Accrued environmental loss contingencies66 504669 
Other liabilities1,3601,3301,1381,0061,116989
Other undisclosed current liabilities10449821046412
Total current liabilities:6,8096,6275,9615,7204,5944,522
Noncurrent Liabilities
Long-term debt and lease obligation8,1778,3789,59110,0629,7019,421
Long-term debt, excluding current maturities8,1778,3789,5918,5918,2678,051
Liabilities, other than long-term debt4,5964,2343,9402,4482,4952,430
Deferred income tax liabilities608683682768846970
Liability, pension and other postretirement and postemployment benefits121133139259276263
Other liabilities2,3091,9081,6061,4211,3741,197
Operating lease, liability1,5581,5101,5131,4711,4341,371
Total noncurrent liabilities:12,77312,61213,53112,51012,19611,851
Total liabilities:19,58119,23919,49218,23016,79116,373
Equity
Equity, attributable to parent4,0513,7163,1022,4373,6114,123
Common stock9392919190119
Treasury stock, value(6,989)(5,234)(3,776)(2,870)(97)(5,837)
Additional paid in capital4,5764,1943,9643,7933,4913,153
Accumulated other comprehensive loss(875)(624)(701)(698)(718)(680)
Retained earnings7,2465,2883,5232,1228447,367
Total equity:4,0513,7163,1022,4373,6114,123
TOTAL LIABILITIES AND EQUITY:23,63322,95422,59420,66720,40220,496

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues23,09923,05222,14919,94518,36217,901
Cost of revenue
(Cost of Product and Service Sold)
(11,903)(12,294)(12,824)(11,402)(9,679)(9,865)
Gross profit:11,19510,7589,3258,5438,6838,036
Operating expenses(7,422)(7,523)(6,442)(6,018)(5,878)(5,723)
Other operating income (expense), net39(67)25(102)  
Other nonrecurring (income) expense      
Other undisclosed operating income (loss) 994490660569496
Operating income:3,8124,1623,3973,0843,3742,809
Nonoperating income (expense)56(40)(39)24(2)(17)
Investment income, nonoperating112585426
Other nonoperating income (expense)45(66)(47)20(5)(17)
Interest and debt expense(416)(418)(391)(335)(340)(349)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (513)(461)
Income from continuing operations before equity method investments, income taxes:3,4523,7042,9672,7732,5191,982
Other undisclosed income (loss) from continuing operations before income taxes (594)(394)(525)  
Income from continuing operations before income taxes:3,4523,1102,5732,2492,5191,982
Income tax expense(770)(721)(553)(384)(489)(441)
Income from continuing operations:2,6812,3892,0201,8642,0301,541
Income before gain (loss) on sale of properties:1,8642,0301,541
Net income available to common stockholders, diluted:2,6812,3892,0201,8642,0301,541

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:2,6812,3892,0201,8642,0301,541
Other comprehensive income (loss)(2)3(35)(15)49
Comprehensive income:2,6792,3921,9851,8502,0341,550
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(249)733335(43)(50)
Comprehensive income, net of tax, attributable to parent:2,4312,4652,0181,8841,9921,500

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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