Filing Flows › Sherwin Williams (SHW) › Q2 2025
Sherwin Williams (SHW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Sherwin Williams (SHW) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +0.7% from a year earlier and +19% from the quarter before. Operating margin was 15.6%, net earnings $755M (12.0% of revenue).
Sherwin Williams, Q2 2025: revenue $6.3B (+0.7% year over year), operating margin 15.6%, net earnings $755M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | +19% | +0.7% |
| Gross profit | $3.1B | +22% | +2% |
| Operating profit | $986M | +51% | -30% |
| Net earnings | $755M | +50% | -15% |
| Operating cash flow | $1.1B | — | -8% |
| Free cash flow | $931M | — | -2% |
What changed
Revenue was $6.3B in Q2 2025, up 1% year over year and up 19% from the previous quarter. Paint Stores Group was the largest line at 59% of revenue. Paint Stores Group added $0.08B year over year (up 2%), 191% of the total change. Consumer Brands Group declined 4%.
Gross margin was 49.4%, up 0.5 points from a year earlier. Operating profit was $1.0B, a 15.6% margin (down 6.9 points year over year). Operating profit fell $0.43B even though revenue rose $0.04B versus a year earlier, so costs grew faster than sales. Operating expenses grew 29% against revenue growth of 1%. Net earnings were $0.75B, down 15% year over year. The effective tax rate was 23.4%.
Operating cash flow was $1.1B (down 8% year over year), 147% of net earnings. Non-cash charges added back $0.16B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.16B. Capital expenditures of $0.18B left free cash flow of $0.93B.
Questions
What was Sherwin Williams' revenue in the second quarter 2025?
Sherwin Williams (SHW) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +0.7% from a year earlier and +19% from the quarter before.
Was Sherwin Williams profitable in the second quarter 2025?
Operating profit was $986M (15.6% of revenue) and net earnings $755M.
Source: Sherwin Williams 10-Q on SEC EDGAR.