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Sherwin Williams (SHW) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Sherwin Williams (SHW) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $6.9B · 12¢ of every $1 of revenue kept as net profit · operating margin 15.5%

Sherwin Williams made $6.9B in Q3 2026 (+8% Y/Y): Paint Stores Group $4.0B, Performance Coatings Group $1.9B, Consumer Brands Group $937M. Operating margin 15.5%, net earnings $821M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.

Revenue$6.9B

Year over year+8%

Operating margin15.5%

Net earnings$821M

Operating cash flow$1.1B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $6.9B in Q3 2026, up 8% year over year and up 1% from the previous quarter. Paint Stores Group was the largest line at 59% of revenue. Paint Stores Group added $0.18B year over year (up 5%), 36% of the total change.

Gross margin was 47.8%, down 1.4 points from Q3 2025. Operating profit was $1.1B, a 15.5% margin (down 1.2 points year over year). Of the extra revenue versus Q3 2025, 1% reached operating profit, below the 17% margin then. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+29%). Net earnings were $0.82B, down 1% year over year. The effective tax rate was 22.8%.

Operating cash flow was $1.1B (down 16% year over year), 135% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.13B left free cash flow of $1.0B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 27, 2026	$6.9B	+8%	15.5%	$821M	$1.1B
Q2 2026	10-Q	Jul 28, 2026	$6.8B	+8%	16.4%	$844M	$1.3B
Q1 2026	10-Q	Apr 28, 2026	$5.7B	+7%	12.0%	$535M	$139M
Q4 2025	10-K	Feb 19, 2026	$5.6B	+6%	11.4%	$477M	$1.1B
Q3 2025	10-Q	Oct 28, 2025	$6.4B	+3%	16.7%	$833M	$1.3B
Q2 2025	10-Q	Jul 24, 2025	$6.3B	+0.7%	15.6%	$755M	$1.1B
Q1 2025	10-Q	Apr 29, 2025	$5.3B	-1%	12.3%	$504M	−$61.1M

Charts

Latest (Q3 2026): Y/Y +8%, Q/Q +1%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $821M, Operating cash flow $1.1B.

-9.2% since FY2020: buybacks shrank the count.

Cash $207M, short-term investments —, long-term debt $9.7B at 2025-12-31.

Retail-Building Materials, Hardware, Garden Supply; dot size is quarterly revenue; dashed lines are the industry's medians.