Filing Flows › Sherwin Williams (SHW) › Q1 2026
Sherwin Williams (SHW) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Sherwin Williams (SHW) reported revenue of $5.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +1% from the quarter before. Operating margin was 12.0%, net earnings $535M (9.4% of revenue).
Sherwin Williams, Q1 2026: revenue $5.7B (+7% year over year), operating margin 12.0%, net earnings $535M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | +1% | +7% |
| Gross profit | $2.8B | +3% | +9% |
| Operating profit | $680M | +6% | +4% |
| Net earnings | $535M | +12% | +6% |
| Operating cash flow | $139M | -87% | — |
| Free cash flow | $800K | -100% | — |
What changed
Revenue was $5.7B in Q1 2026, up 7% year over year and up 1% from the previous quarter. Paint Stores Group was the largest line at 54% of revenue. Consumer Brands Group added $0.15B year over year (up 19%), 40% of the total change.
Gross margin was 49.1%, up 0.8 points from Q1 2025. Operating profit was $0.68B, a 12.0% margin (down 0.3 points year over year). Of the extra revenue versus Q1 2025, 7% reached operating profit, below the 12% margin then. Operating expenses grew 10% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.53B, up 6% year over year. The effective tax rate was 21.3%.
Operating cash flow was $0.14B, 26% 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 used $0.61B. Capital expenditures of $0.14B left free cash flow of $800K.
Questions
What was Sherwin Williams' revenue in the first quarter 2026?
Sherwin Williams (SHW) reported revenue of $5.7B for the first quarter 2026 (Q1 2026), +7% from a year earlier and +1% from the quarter before.
Was Sherwin Williams profitable in the first quarter 2026?
Operating profit was $680M (12.0% of revenue) and net earnings $535M.
Source: Sherwin Williams 10-Q on SEC EDGAR.