Sherwin-Williams (SHW) FY2025 10-K Annual Report
Filed: Feb 19, 2026
Consumer Discretionary
Retail-Building Materials, Hardware, Garden SupplySEC EDGAR Sherwin-Williams (SHW) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Sherwin-Williams FY2025 10-K Analysis
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
Sherwin-Williams FY2025 Key Financial MetricsXBRL
Revenue
$23.6B
▲ +2.1% YoY
Net Income
$2.6B
▼ -4.2% YoY
Gross Margin
48.8%
▲ +38bp YoY
Net Margin
10.9%
▼ -71bp YoY
ROE
55.9%
▼ -1033bp YoY
Total Assets
$25.9B
▲ +9.6% YoY
EPS (Diluted)
$10.26
▼ -2.7% YoY
Operating Cash Flow
$3.5B
▲ +9.5% YoY
Source: XBRL data from Sherwin-Williams FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Sherwin-Williams
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.