Filing Flows › Sherwin Williams (SHW) › Q3 2026 › vs Q2 2026
Sherwin Williams (SHW) Q3 2026 vs Q2 2026 (quarter over quarter)
Sherwin Williams's revenue rose $70.7M (+1%) from $6.8B in Q2 2026 to $6.9B in Q3 2026. The biggest changes: Paint Stores Group +$126M (+3%); Consumer Brands Group −$46.1M (-5%); Performance Coatings Group −$10.5M (-0.5%). Gross margin 47.8% against 49.2% (-1.4 pts).
Sherwin Williams, Q3 2026: revenue $6.9B (+8% year over year), operating margin 15.5%, net earnings $821M, operating cash flow $1.1B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 47.8% | 49.2% | -1.4 pts |
| Operating margin | 15.5% | 16.4% | -0.9 pts |
| Net margin | 12.0% | 12.4% | -0.5 pts |
| Free cash flow margin | 14.2% | 18.3% | -4.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Paint Stores Group | $4.0B | $3.9B | $126M | +3% |
| Performance Coatings Group | $1.9B | $1.9B | −$10.5M | -0.5% |
| Consumer Brands Group | $937M | $984M | −$46.1M | -5% |
| Revenue | $6.9B | $6.8B | $70.7M | +1% |
| Gross profit | $3.3B | $3.3B | −$60.8M | -2% |
| Cost of revenue | $3.6B | $3.5B | $132M | +4% |
| Operating profit | $1.1B | $1.1B | −$49.0M | -4% |
| Operating expenses | $2.2B | $2.2B | −$11.8M | -0.5% |
| Pre-tax earnings | $1.1B | $1.1B | −$49.0M | -4% |
| SG&A | $2.1B | $2.1B | −$34.6M | -2% |
| Other operating costs | $145M | $122M | $22.8M | +19% |
| Net earnings | $821M | $844M | −$22.6M | -3% |
| Income tax | $242M | $269M | −$26.4M | -10% |
| Depreciation & amortization | $188M | $186M | $1.1M | +0.6% |
| Share-based compensation | $27.7M | $27.8M | −$100K | -0.4% |
| Working capital & other | $68.3M | $290M | −$221M | -76% |
| Operating cash flow | $1.1B | $1.3B | −$243M | -18% |
| Free cash flow (OCF − capex) | $976M | $1.2B | −$263M | -21% |
| Capital expenditures | $129M | $108M | $20.3M | +19% |
Questions
How much did Sherwin Williams's revenue grow quarter over quarter in Q3 2026?
Sherwin Williams's revenue rose $70.7M (+1%) from $6.8B in Q2 2026 to $6.9B in Q3 2026.
What drove Sherwin Williams's revenue change in Q3 2026?
Paint Stores Group +$126M (+3%); Consumer Brands Group −$46.1M (-5%); Performance Coatings Group −$10.5M (-0.5%).