Materials · Specialty Chemicals
Sherwin-Williams: revenue, profit and dividends
In fiscal 2025, Sherwin-Williams had revenue of $23.6B, up 7.6% a year on average since 2015, and net income of $2.57B (10.9% of revenue). Its dividend per share has gone up 18 years in a row, to $3.16. It has 12% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +2.1% vs 2024
- Ticker
- SHW · NYSE
- Sector
- Materials
- Sub-industry
- Specialty Chemicals
- Headquarters
- Cleveland, Ohio
- Founded
- 1866
- In the S&P 500 since
- June 30, 1964
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Sherwin Williams Co · CIK 0000089800
Revenue and net income
Revenue went from $8.01B in 2007 to $23.6B in 2025.
Diluted earnings per share
Diluted EPS went from $1.57 in 2007 to $10.26 in 2025. Ten-year growth: 10.7% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 13.5% a year.
Shares outstanding
11.7% fewer shares in 2025 than in 2015 (284M → 250M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $2.65B in 2025, 11.3% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $23.6B | $2.57B | 10.9% | $10.26 | $3.16 | 250M | $3.45B | $798M | $2.65B |
| 2024 | $23.1B | $2.68B | 11.6% | $10.55 | $2.86 | 254M | $3.15B | $1.07B | $2.08B |
| 2023 | $23.1B | $2.39B | 10.4% | $9.25 | $2.42 | 258M | $3.52B | $888M | $2.63B |
| 2022 | $22.1B | $2.02B | 9.1% | $7.72 | $2.40 | 262M | $1.92B | $644M | $1.28B |
| 2021 | $19.9B | $1.86B | 9.3% | $6.98 | $2.20 | 267M | $2.24B | $372M | $1.87B |
| 2020 | $18.4B | $2.03B | 11.1% | $7.36 | $1.79 | 276M | $3.41B | $304M | $3.1B |
| 2019 | $17.9B | $1.54B | 8.6% | $5.50 | $1.51 | 280M | $2.32B | $329M | $1.99B |
| 2018 | $17.5B | $1.11B | 6.3% | $3.89 | $1.15 | 285M | $1.94B | $251M | $1.69B |
| 2017 | $15B | $1.73B | 11.5% | $6.07 | $1.13 | 285M | $1.88B | $223M | $1.66B |
| 2016 | $11.9B | $1.13B | 9.6% | $4.00 | $1.12 | 283M | $1.31B | $239M | $1.07B |
| 2015 | $11.3B | $1.05B | 9.3% | $3.72 | $0.89 | 284M | $1.45B | $234M | $1.21B |
| 2014 | $11.1B | $866M | 7.8% | $2.92 | $0.73 | 296M | $1.08B | $201M | $881M |
| 2013 | $10.2B | $753M | 7.4% | $2.42 | $0.67 | 309M | $1.08B | $167M | $917M |
| 2012 | $9.53B | $631M | 6.6% | $2.01 | $0.52 | 312M | $888M | $157M | $731M |
| 2011 | $8.77B | $442M | 5.0% | $1.38 | $0.49 | 317M | $736M | $154M | $582M |
| 2010 | $7.78B | $462M | 5.9% | $1.40 | $0.48 | 326M | $707M | $125M | $581M |
| 2009 | $7.09B | $436M | 6.1% | $1.26 | $0.47 | 343M | $859M | $91.3M | $768M |
| 2008 | $7.98B | $477M | 6.0% | $1.33 | $0.47 | 355M | $876M | $117M | $759M |
| 2007 | $8.01B | $616M | 7.7% | $1.57 | $0.42 | — | $875M | $166M | $709M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
Stock splits
Found in the filings; per-share figures and share counts on this page are on today’s share basis.
- 3-for-1 split · first reflected in a filing of April 28, 2021
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Specialty Chemicals companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.