Operating Income for Sherwin-Williams (SHW)
According to Sherwin-Williams's latest reported financial statements, the company's current operating income (TTM) is $3.80B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.80B
YoY change
+1.1%
5Y CAGR
+5.9%
Peak year (2025)
$3.80B
Cumulative operating income
$45.26B
Operating Income history chart for Sherwin-Williams (SHW) from 1985 to 2025
Operating Income history table for Sherwin-Williams (SHW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.80B | +1.1% | ||
| 2024 | $3.76B | +4.3% | ||
| 2023 | $3.61B | +20.2% | ||
| 2022 | $3.00B | +12.6% | ||
| 2021 | $2.66B | -6.6% | ||
| 2020 | $2.85B | +17.7% | ||
| 2019 | $2.43B | +28.3% | ||
| 2018 | $1.89B | +11.3% | ||
| 2017 | $1.70B | -0.8% | ||
| 2016 | $1.71B | +6.1% | ||
| 2015 | $1.61B | +23.7% | ||
| 2014 | $1.31B | +13.4% | ||
| 2013 | $1.15B | +22.5% | ||
| 2012 | $939.84M | +21.3% | ||
| 2011 | $774.65M | +3.9% | ||
| 2010 | $745.87M | +7.4% | ||
| 2009 | $694.77M | -16.9% | ||
| 2008 | $835.90M | -15.1% | ||
| 2007 | $984.28M | +9.2% | ||
| 2006 | $901.71M | +19.6% | ||
| 2005 | $754.14M | +19.2% | ||
| 2004 | $632.48M | +10.3% | ||
| 2003 | $573.63M | +3.5% | ||
| 2002 | $554.06M | +13.1% | ||
| 2001 | $489.77M | -13.7% | ||
| 2000 | $567.24M | -1.4% | ||
| 1999 | $575.10M | +8.2% | ||
| 1998 | $531.60M | +1.6% | ||
| 1997 | $523.20M | +25.0% | ||
| 1996 | $418.60M | +30.3% | ||
| 1995 | $321.30M | +4.0% | ||
| 1994 | $308.90M | +14.0% | ||
| 1993 | $271.00M | +11.2% | ||
| 1992 | $243.70M | +13.2% | ||
| 1991 | $215.20M | +17.5% | ||
| 1990 | $183.10M | +12.5% | ||
| 1989 | $162.70M | +20.5% | ||
| 1988 | $135.00M | -10.1% | ||
| 1987 | $150.10M | +5.5% | ||
| 1986 | $142.30M | +1.4% | ||
| 1985 | $140.40M | — |
Operating Income values are taken from Sherwin-Williams's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Sherwin-Williams (SHW) reported operating income of $3.80B – edged up 1.1% year-over-year.
Across 2020–2025 (5 years), Sherwin-Williams operating income produced a CAGR of +5.9% – sustaining 4 straight years of year-over-year growth.
$3.80B stands as the all-time-high annual operating income, posted in 2025, against a low of $135.00M during 1988.
Among 8 Basic Materials peers, Sherwin-Williams (SHW) ranks 7th; the peer median for operating income is $6.31B.
Sherwin-Williams Operating Income by Year
Sherwin-Williams Operating Income 2025: $3.80B
Sherwin-Williams operating income in 2025 was $3.80B, edged up 1.1% from 2024. This figure represents the highest annual value in the available history.
Sherwin-Williams Operating Income 2024: $3.76B
Sherwin-Williams operating income in 2024 was $3.76B, edged up 4.3% from 2023.
Sherwin-Williams Operating Income 2023: $3.61B
Sherwin-Williams operating income in 2023 was $3.61B, grew 20.2% from 2022.
Sherwin-Williams Operating Income 2022: $3.00B
Sherwin-Williams operating income in 2022 was $3.00B, grew 12.6% from 2021.
Sherwin-Williams Operating Income 2021: $2.66B
Sherwin-Williams operating income in 2021 was $2.66B.
See more financial history for Sherwin-Williams (SHW).
Sector peers — Operating Income
Companies in the same sector as Sherwin-Williams, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Newmont Corporation (NEM) | $10.35B | Basic Materials |
| Linde plc (LIN) | $8.94B | Basic Materials |
| Southern Copper Corporation (SCCO) | $7.00B | Basic Materials |
| Agnico Eagle Mines Limited (AEM) | $6.33B | Basic Materials |
| Freeport-McMoRan Inc. (FCX) | $6.29B | Basic Materials |
| CRH plc (CRH) | $4.53B | Basic Materials |
| Ecolab Inc. (ECL) | $2.91B | Basic Materials |
| Air Products and Chemicals, Inc. (APD) | -$877.00M | Basic Materials |
Frequently asked questions
What is Sherwin-Williams's operating income?
- Latest reported operating income for Sherwin-Williams (SHW) is $3.80B (period ending December 31, 2025).
How has Sherwin-Williams operating income changed year-over-year?
- Sherwin-Williams (SHW) operating income changed +1.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Sherwin-Williams operating income?
- Sherwin-Williams (SHW) operating income compound annual growth rate is +5.9% over the most recent 5 years available.
When did Sherwin-Williams operating income hit its highest annual value?
- Sherwin-Williams operating income reached its highest annual value of $3.80B in 2025.
What was Sherwin-Williams operating income in 2024?
- Sherwin-Williams (SHW) operating income in 2024 was $3.76B.
What was Sherwin-Williams operating income in 2025?
- Sherwin-Williams (SHW) operating income in 2025 was $3.80B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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