How does Sherwin-Williams (SHW) make money?

Sherwin-Williams (SHW) primarily makes money through Paint Stores Group, which accounts for 57.7% of total revenue. For TTM through Q4 2025, Sherwin-Williams generated $23.57B in total revenue with a net profit margin of 10.9%.

What is Sherwin-Williams (SHW) gross profit margin?

Sherwin-Williams (SHW) reported a gross profit margin of 48.9% for TTM through Q4 2025, equivalent to $11.54B in gross profit. This means Sherwin-Williams retains 48.9% of each revenue unit after direct costs of production.

What is Sherwin-Williams (SHW) operating profit margin?

Sherwin-Williams (SHW) reported an operating profit margin of 16.1% for TTM through Q4 2025, equivalent to $3.80B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Sherwin-Williams (SHW) net profit margin?

Sherwin-Williams (SHW) reported a net profit margin of 10.9% for TTM through Q4 2025, equivalent to $2.57B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Sherwin-Williams (SHW) spend on capital expenditures?

Sherwin-Williams (SHW) spent $797.60M on capital expenditures in TTM through Q4 2025 (3.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Sherwin-Williams (SHW) free cash flow?

Sherwin-Williams (SHW) generated $2.65B in free cash flow for TTM through Q4 2025 (11.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Sherwin-Williams (SHW) effective tax rate?

Sherwin-Williams (SHW) had an effective tax rate of 23.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Sherwin-Williams (SHW) Makes Money: A Visual Guide

Sherwin-Williams (SHW) generated $23.57B in revenue, earning $2.57B in net profit (10.9% margin). Its largest revenue source is Paint Stores Group (57.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Sherwin-Williams (SHW) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 19, 2026).

Frequently asked questions

How does Sherwin-Williams (SHW) make money?: Sherwin-Williams (SHW) primarily makes money through Paint Stores Group, which accounts for 57.7% of total revenue. For TTM through Q4 2025, Sherwin-Williams generated $23.57B in total revenue with a net profit margin of 10.9%.
What is Sherwin-Williams (SHW) gross profit margin?: Sherwin-Williams (SHW) reported a gross profit margin of 48.9% for TTM through Q4 2025, equivalent to $11.54B in gross profit. This means Sherwin-Williams retains 48.9% of each revenue unit after direct costs of production.
What is Sherwin-Williams (SHW) operating profit margin?: Sherwin-Williams (SHW) reported an operating profit margin of 16.1% for TTM through Q4 2025, equivalent to $3.80B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Sherwin-Williams (SHW) net profit margin?: Sherwin-Williams (SHW) reported a net profit margin of 10.9% for TTM through Q4 2025, equivalent to $2.57B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Sherwin-Williams (SHW) spend on capital expenditures?: Sherwin-Williams (SHW) spent $797.60M on capital expenditures in TTM through Q4 2025 (3.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Sherwin-Williams (SHW) free cash flow?: Sherwin-Williams (SHW) generated $2.65B in free cash flow for TTM through Q4 2025 (11.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Sherwin-Williams (SHW) effective tax rate?: Sherwin-Williams (SHW) had an effective tax rate of 23.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.