Short answer
Sherwin-Williams (SHW) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.4B (up 3.2% year over year) with net income of $833M.
Q3 2025 key financials · XBRL
- Revenue
- $6.4B
- +3.2% YoY · +0.7% QoQ
- Net income
- $833M
- +3.3% YoY · +10.4% QoQ
- Gross margin
- 49.2%
- EPS (diluted)
- $3.34
- +5.0% YoY · +11.3% QoQ
Source: XBRL data from the Sherwin-Williams (SHW) Q3 2025 10-Q on SEC EDGAR. USD.
Sherwin-Williams Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.36B Q3, up 3.2% YoY from $6.16B; YTD $17.98B up 1.0% from $17.80B
- Operating margin ~16.7% Q3 2025 vs 16.6% Q3 2024; gross margin 49.2% vs 49.1% YoY Q3
- Paint Stores best segment: sales up 5.1% Q3 to $3.84B; income before tax up 6.5% to $954M; Consumer Brands worst, sales down 2.6% Q3, income before tax down 5%
- Operating cash flow $2.36B YTD, up 6.3%; capital expenditures $550.7M in 9 months; $241.5M cash on hand plus $3.13B credit capacity
- Outlook cautious on soft demand, focus on disciplined capital deployment, new stores, digital, acquisitions including Suvinil; maintains strong liquidity and compliance
Risk Factors
- No new risk factors added this quarter, maintained consistent with 2024 10-K disclosures
- No updates or material changes to previously disclosed risks for nine months ended September 30, 2025
- Continued exposure to regulatory risks including environmental and product safety regulations as detailed in 2024 10-K
- Competitive pressure from alternative coatings suppliers and changing customer preferences remain key market risk
- Liquidity and capital resources risks unchanged, with debt maturity and currency exposures detailed in 2024 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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