Sherwin-Williams (SHW) Q3 2025 10-Q Quarterly Report
Filed: Oct 28, 2025Period ending Sep 30, 2025
Consumer Discretionary
Retail-Building Materials, Hardware, Garden SupplySEC EDGAR Sherwin-Williams (SHW) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Sherwin-Williams Q3 2025 10-Q Analysis
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
Sherwin-Williams Q3 2025 Quarterly FinancialsXBRL
Revenue
$6.4B
▲ +3.2% YoY▲ +0.7% QoQ
Net Income
$833M
▲ +3.3% YoY▲ +10.4% QoQ
Net Margin
13.1%
▲ +2bp YoY▲ +115bp QoQ
Source: XBRL data from Sherwin-Williams Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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