Filing Flows › Sherwin Williams (SHW) › Q2 2026 › vs Q2 2025
Sherwin Williams (SHW) Q2 2026 vs Q2 2025 (year over year)
Sherwin Williams's revenue rose $475M (+8%) from $6.3B in Q2 2025 to $6.8B in Q2 2026. The biggest changes: Paint Stores Group +$188M (+5%); Consumer Brands Group +$174M (+22%); Performance Coatings Group +$113M (+6%). Gross margin 49.2% against 49.4% (-0.2 pts).
Sherwin Williams, Q2 2026: revenue $6.8B (+8% year over year), operating margin 16.4%, net earnings $844M, operating cash flow $1.3B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 49.2% | 49.4% | -0.2 pts |
| Operating margin | 16.4% | 15.6% | +0.8 pts |
| Net margin | 12.4% | 12.0% | +0.5 pts |
| Free cash flow margin | 18.3% | 14.7% | +3.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Paint Stores Group | $3.9B | $3.7B | $188M | +5% |
| Performance Coatings Group | $1.9B | $1.8B | $113M | +6% |
| Consumer Brands Group | $984M | $809M | $174M | +22% |
| Revenue | $6.8B | $6.3B | $475M | +8% |
| Gross profit | $3.3B | $3.1B | $220M | +7% |
| Cost of revenue | $3.5B | $3.2B | $255M | +8% |
| Operating profit | $1.1B | $986M | $127M | +13% |
| Operating expenses | $2.2B | $2.1B | $92.9M | +4% |
| Pre-tax earnings | $1.1B | $986M | $127M | +13% |
| SG&A | $2.1B | $2.0B | $92.1M | +5% |
| Other operating costs | $122M | $121M | $800K | +0.7% |
| Net earnings | $844M | $755M | $88.9M | +12% |
| Income tax | $269M | $231M | $37.9M | +16% |
| Depreciation & amortization | $186M | $163M | $23.7M | +15% |
| Share-based compensation | $27.8M | $34.0M | −$6.2M | -18% |
| Working capital & other | $290M | $161M | $128M | +80% |
| Operating cash flow | $1.3B | $1.1B | $235M | +21% |
| Free cash flow (OCF − capex) | $1.2B | $931M | $308M | +33% |
| Capital expenditures | $108M | $182M | −$73.1M | -40% |
Questions
How much did Sherwin Williams's revenue grow year over year in Q2 2026?
Sherwin Williams's revenue rose $475M (+8%) from $6.3B in Q2 2025 to $6.8B in Q2 2026.
What drove Sherwin Williams's revenue change in Q2 2026?
Paint Stores Group +$188M (+5%); Consumer Brands Group +$174M (+22%); Performance Coatings Group +$113M (+6%).