SHW
Income statement / Annual
Last year (2023), The Sherwin-Williams Company's total revenue was $23.05 B,
an increase of 4.08% from the previous year.
In 2023, The Sherwin-Williams Company's net income was $2.39 B.
See The Sherwin-Williams Company’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$23.05 B
|
$22.15 B
|
$19.94 B
|
$18.36 B
|
$17.90 B
|
$17.53 B
|
$14.98 B
|
$11.86 B
|
$11.34 B
|
$11.13 B
|
| Cost of Revenue |
$12.29 B |
$12.82 B |
$11.40 B |
$9.68 B |
$9.86 B |
$10.12 B |
$8.20 B |
$5.93 B |
$5.78 B |
$5.97 B |
| Gross Profit |
$10.76 B |
$9.33 B |
$8.54 B |
$8.68 B |
$8.04 B |
$7.42 B |
$6.78 B |
$5.92 B |
$5.56 B |
$5.16 B |
| Gross Profit Ratio |
0.47 |
0.42 |
0.43 |
0.47 |
0.45 |
0.42 |
0.45 |
0.5 |
0.49 |
0.46 |
| Research and Development
Expenses |
$196.60 M
|
$119.30 M
|
$115.90 M
|
$97.10 M
|
$103.10 M
|
$51.92 M
|
$58.47 M
|
$58.04 M
|
$57.67 M
|
$50.02 M
|
| General & Administrative
Expenses |
$7.05 B
|
$5.99 B
|
$5.67 B
|
$5.51 B
|
$5.31 B
|
$4.68 B
|
$4.41 B
|
$3.81 B
|
$3.58 B
|
$3.52 B
|
| Selling & Marketing
Expenses |
$15.50 M
|
$24.90 M
|
-$101.80 M
|
-$27.70 M
|
-$39.10 M
|
$357.80 M
|
$374.10 M
|
$351.00 M
|
$338.19 M
|
$299.20 M
|
| Selling, General &
Administrative Expenses |
$7.07 B
|
$6.01 B
|
$5.57 B
|
$5.48 B
|
$5.27 B
|
$5.03 B
|
$4.79 B
|
$4.16 B
|
$3.91 B
|
$3.82 B
|
| Other Expenses |
-$1.20 M |
$317.10 M |
$309.50 M |
$313.40 M |
$312.80 M |
-$209.24 M |
-$3.89 M |
-$7.78 M |
-$36.35 M |
-$22.08 M |
| Operating Expenses |
$7.07 B |
$6.33 B |
$5.88 B |
$5.79 B |
$5.59 B |
$5.35 B |
$4.99 B |
$4.16 B |
$3.91 B |
$3.82 B |
| Cost And Expenses |
$19.36 B |
$19.16 B |
$17.28 B |
$15.47 B |
$15.45 B |
$15.47 B |
$13.19 B |
$10.09 B |
$9.69 B |
$9.79 B |
| Interest Income |
$25.20 M |
$8.00 M |
$4.90 M |
$3.60 M |
$25.90 M |
$5.29 M |
$8.57 M |
$4.96 M |
$1.40 M |
$3.00 M |
| Interest Expense |
$417.50 M |
$390.80 M |
$334.70 M |
$336.80 M |
$349.30 M |
$366.73 M |
$263.47 M |
$154.09 M |
$61.79 M |
$64.21 M |
| Depreciation &
Amortization |
$622.50 M
|
$998.00 M
|
$973.30 M
|
$999.80 M
|
$968.70 M
|
$772.58 M
|
$507.20 M
|
$197.71 M
|
$198.56 M
|
$198.95 M
|
| EBITDA |
$4.32 B
|
$3.30 B
|
$2.89 B
|
$3.17 B
|
$2.73 B
|
$2.18 B
|
$2.00 B
|
$1.76 B
|
$1.61 B
|
$1.32 B
|
| EBITDA Ratio |
0.19 |
0.15 |
0.15 |
0.17 |
0.15 |
0.12 |
0.13 |
0.15 |
0.14 |
0.12 |
| Operating Income Ratio
|
0.16
|
0.13
|
0.13
|
0.16
|
0.14
|
0.11
|
0.12
|
0.13
|
0.12
|
0.1
|
| Total Other
Income/Expenses Net |
-$582.80 M
|
-$406.30 M
|
-$334.70 M
|
-$339.10 M
|
-$436.70 M
|
-$345.57 M
|
-$5.91 M
|
-$18.47 M
|
-$36.35 M
|
-$22.08 M
|
| Income Before Tax |
$3.11 B |
$2.57 B |
$2.25 B |
$2.52 B |
$1.98 B |
$1.36 B |
$1.53 B |
$1.60 B |
$1.55 B |
$1.26 B |
| Income Before Tax Ratio
|
0.13
|
0.12
|
0.11
|
0.14
|
0.11
|
0.08
|
0.1
|
0.13
|
0.14
|
0.11
|
| Income Tax Expense |
$721.10 M |
$553.00 M |
$384.20 M |
$488.80 M |
$440.50 M |
$250.90 M |
-$285.58 M |
$462.53 M |
$495.12 M |
$392.34 M |
| Net Income |
$2.39 B |
$2.02 B |
$1.86 B |
$2.03 B |
$1.54 B |
$1.11 B |
$1.77 B |
$1.13 B |
$1.05 B |
$865.89 M |
| Net Income Ratio |
0.1 |
0.09 |
0.09 |
0.11 |
0.09 |
0.06 |
0.12 |
0.1 |
0.09 |
0.08 |
| EPS |
9.35 |
7.83 |
7.1 |
7.48 |
5.6 |
3.97 |
6.36 |
4.11 |
3.79 |
2.98 |
| EPS Diluted |
9.25 |
7.72 |
6.98 |
7.36 |
5.5 |
3.89 |
6.22 |
4 |
3.72 |
2.93 |
| Weighted Average Shares
Out |
$255.40 M
|
$258.00 M
|
$262.50 M
|
$271.28 M
|
$275.41 M
|
$278.98 M
|
$278.73 M
|
$275.52 M
|
$276.59 M
|
$288.57 M
|
| Weighted Average Shares
Out Diluted |
$258.30 M
|
$261.80 M
|
$267.10 M
|
$275.83 M
|
$280.34 M
|
$284.96 M
|
$284.78 M
|
$283.46 M
|
$282.07 M
|
$294.23 M
|
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