Filing Flows › Sherwin Williams (SHW) › Q3 2025
Sherwin Williams (SHW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Sherwin Williams (SHW) reported revenue of $6.4B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +0.7% from the quarter before. Operating margin was 16.7%, net earnings $833M (13.1% of revenue).
Sherwin Williams, Q3 2025: revenue $6.4B (+3% year over year), operating margin 16.7%, net earnings $833M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4B | +0.7% | +3% |
| Gross profit | $3.1B | +0.2% | +3% |
| Operating profit | $1.1B | +8% | -20% |
| Net earnings | $833M | +10% | +3% |
| Operating cash flow | $1.3B | +18% | +22% |
| Free cash flow | $1.1B | +19% | +32% |
What changed
Revenue was $6.4B in Q3 2025, up 3% year over year and up 1% from the previous quarter. Paint Stores Group was the largest line at 60% of revenue. Paint Stores Group added $0.19B year over year (up 5%), 95% of the total change. Consumer Brands Group declined 3%.
Gross margin was 49.2%, unchanged from a year earlier. Operating profit was $1.1B, a 16.7% margin (down 4.8 points year over year). Operating profit fell $0.26B even though revenue rose $0.20B versus a year earlier, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 3%. Net earnings were $0.83B, up 3% year over year. The effective tax rate was 21.4%.
Operating cash flow was $1.3B (up 22% year over year), 157% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $0.20B left free cash flow of $1.1B.
Questions
What was Sherwin Williams' revenue in the third quarter 2025?
Sherwin Williams (SHW) reported revenue of $6.4B for the third quarter 2025 (Q3 2025), +3% from a year earlier and +0.7% from the quarter before.
Was Sherwin Williams profitable in the third quarter 2025?
Operating profit was $1.1B (16.7% of revenue) and net earnings $833M.
Source: Sherwin Williams 10-Q on SEC EDGAR.