The Sherwin-Williams (SHW) 10-K Summaries & Annual Filing History
Review The Sherwin-Williams Company (SHW) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The Sherwin-Williams Company reported a modest revenue increase for the latest fiscal year, with net income and operating cash flow remaining substantial. The filing highlights ongoing operational stability and a focus on managing financial resources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$23.6B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$2.6B
Net income reported for the year.
Operating cash flow
$3.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $22.1B | +11.1% |
| Dec 31, 2023 | $23.1B | +4.1% |
| Dec 31, 2024 | $23.1B | +0.2% |
| Dec 31, 2025 | $23.6B | +2.1% |
Business overview
The company is a manufacturer and distributor of paints, coatings, and related products. Its business overview section describes operations across multiple segments, serving professional, industrial, and retail customers. The filing does not provide further detail on specific product lines or market positions.
Financial performance
Revenue for the period was reported at the level shown in the metrics, reflecting a slight increase compared to the prior year. Net income and operating cash flow were both positive, indicating continued profitability and cash generation. No operating income figure was supplied in the filing context.
Material risks
The risk factors section, referenced in the filing, outlines potential challenges but the supplied context does not include the specific text of those risks. Therefore, no material risks can be identified from the provided data. Readers should refer to the full filing for detailed risk disclosures.
Liquidity and capital
The filing references a section on liquidity and capital resources, but the supplied context does not include the content of that discussion. No specific capital-allocation themes, such as dividends, share repurchases, or debt management, are supported by the provided data.
What to watch
Monitor any changes in revenue growth trajectory, as the trend shows a deceleration from prior years.