The Sherwin-Williams (SHW) Revenue — Quarter Ended Mar 31, 2025
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, while it declined relative to the same quarter one year earlier. The reported revenue direction reflects a slight sequential increase but a year-over-year decrease.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, while it declined relative to the same quarter one year earlier. The reported revenue direction reflects a slight sequential increase but a year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
-1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $6.3B | +0.5% |
| Sep 30, 2024 | $6.2B | +0.7% |
| Dec 31, 2024 | $5.3B | +0.9% |
| Mar 31, 2025 | $5.3B | -1.1% |
Revenue performance
Net sales decreased compared to the same quarter last year, as shown in the unaudited consolidated income statement. The gross profit margin improved slightly, while net income was nearly unchanged.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased marginally. However, when measured against the same quarter one year earlier, revenue was lower.
What to watch
Monitor whether the year-over-year revenue decline continues or reverses in upcoming quarters.