Sherwin-Williams Co.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $23.57B | $23.10B | $23.05B | $22.15B | $19.94B | $18.36B | $17.90B |
| Cost of Revenue | — | $12.06B | $11.90B | $12.29B | $12.82B | $11.40B | $9.68B | $9.86B |
| Gross Profit | — | $11.52B | $11.20B | $10.76B | $9.33B | $8.54B | $8.68B | $8.04B |
| Gross Margin | — | 48.8% | 48.5% | 46.7% | 42.1% | 42.8% | 47.3% | 44.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $7.70B | $7.42B | $7.07B | $6.33B | $5.88B | $5.48B | $5.27B |
| Operating Income | — | $3.73B | $3.81B | $4.16B | $3.40B | $3.08B | $3.37B | $2.81B |
| Operating Margin | — | 15.8% | 16.5% | 18.1% | 15.3% | 15.5% | 18.4% | 15.7% |
| Interest Expense | — | $396.2M | $354.7M | $417.5M | $390.8M | $334.7M | $340.4M | $349.3M |
| Pretax Income | — | $3.34B | $3.45B | $3.11B | $2.57B | $2.25B | $2.52B | $1.98B |
| Income Tax Expense | — | $769.7M | $770.4M | $721.1M | $553.0M | $384.2M | $488.8M | $440.5M |
| Net Income | — | $2.57B | $2.68B | $2.39B | $2.02B | $1.86B | $2.03B | $1.54B |
| Net Margin | — | 10.9% | 11.6% | 10.4% | 9.1% | 9.3% | 11.1% | 8.6% |
| EPS (Basic) | — | $10.37 | $10.68 | $9.35 | $7.83 | $7.10 | $7.48 | $5.60 |
| EPS (Diluted) | — | $10.26 | $10.55 | $9.25 | $7.72 | $6.98 | $7.36 | $5.50 |
| Shares Outstanding (Basic) | 247.8M | 247.6M | 251.0M | 255.4M | 258.0M | 262.5M | 271.3M | 275.4M |
| Shares Outstanding (Diluted) | 247.8M | 250.4M | 254.1M | 258.3M | 261.8M | 267.1M | 275.8M | 280.3M |
| Dividends Per Share | — | $3.16 | $2.86 | $2.42 | $2.40 | $2.20 | $1.79 | $1.51 |