Short answer
Sherwin-Williams (SHW) filed its fiscal 2025 10-K annual report with the SEC on Feb 19, 2026. It reported revenue of $23.6B (+2.1% year over year) and net income of $2.6B.
- Top risk flagged: Regulatory risk: Compliance with EU GDPR, China’s Data Security Laws, and California Privacy Rights Act may increase costs and risk penalties
FY2025 key financial metrics · XBRL
- Revenue
- $23.6B
- +2.1% YoY
- Net income
- $2.6B
- −4.2% YoY
- Gross margin
- 48.8%
- +0.4 pp YoY
- EPS (diluted)
- $10.26
- −2.7% YoY
- ROE
- 55.9%
- −10.3 pp YoY
- Operating cash flow
- $3.5B
- +9.5% YoY
Source: XBRL data from the Sherwin-Williams (SHW) FY2025 10-K on SEC EDGAR. USD.
Sherwin-Williams FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business manufacturing and selling paints, coatings, related products in Americas, Caribbean, Europe, Asia, Australia
- Maintains three segments: Paint Stores Group, Consumer Brands Group, Performance Coatings Group unchanged this year
- Continued geographic diversification with operations expanding beyond Americas into Europe, Asia, and Australia
- No new products or segments introduced or strategic shifts highlighted in this filing
- Extensive disclosure availability through SEC filings and investor relations website detailed for transparency
Management Discussion & Analysis
- Revenue $23,574.3M, up 2.1% YoY, driven by Paint Stores growth $417.9M (3.2% increase) and Consumer Brands $58.4M (1.9% increase)
- Gross profit margin 48.8% vs 48.5%, gross profit up $320.4M, Paint Stores gross profit rose $364.2M; Consumer Brands and Performance Coatings gross profit declined
- Best segment: Paint Stores Group revenue $13,605.9M (+3.2%), worst performing: Performance Coatings stagnant revenue $6,795.2M (-0.03%) and lower gross profit
- SG&A expenses increased 3.7% to $7,695.0M (32.6% of sales vs 32.1%), driven by growth investments and acquisition costs, interest expense rose to $465.0M
- Management opening net 80 Paint Stores, 13 Consumer Brands stores closed, focus on long-term growth; risks include currency translation impact in Latin America and cost pressures
Risk Factors
- Regulatory risk: Compliance with EU GDPR, China’s Data Security Laws, and California Privacy Rights Act may increase costs and risk penalties
- Geopolitical risk: Ongoing Russia-Ukraine conflict threatens raw material supply from Middle East and global logistics disruptions
- Operational risk: Single-source raw material suppliers create vulnerability to supply chain disruptions and price volatility
- Competitive risk: Aggressive pricing and product innovation by international and regional competitors could reduce sales and market share
- Financial risk: Integration of $525M Suvinil acquisition in Brazil crucial; failure could adversely affect earnings and cash flow
Generated from the filing text; verify against the original. How to read a 10-K
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