Filing Flows › Sherwin Williams (SHW) › Q3 2026 › vs Q3 2025
Sherwin Williams (SHW) Q3 2026 vs Q3 2025 (year over year)
Sherwin Williams's revenue rose $502M (+8%) from $6.4B in Q3 2025 to $6.9B in Q3 2026. The biggest changes: Paint Stores Group +$179M (+5%); Consumer Brands Group +$167M (+22%); Performance Coatings Group +$153M (+9%). 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 47.8% | 49.2% | -1.4 pts |
| Operating margin | 15.5% | 16.7% | -1.2 pts |
| Net margin | 12.0% | 13.1% | -1.1 pts |
| Free cash flow margin | 14.2% | 17.5% | -3.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Paint Stores Group | $4.0B | $3.8B | $179M | +5% |
| Performance Coatings Group | $1.9B | $1.8B | $153M | +9% |
| Consumer Brands Group | $937M | $770M | $167M | +22% |
| Revenue | $6.9B | $6.4B | $502M | +8% |
| Gross profit | $3.3B | $3.1B | $152M | +5% |
| Cost of revenue | $3.6B | $3.2B | $350M | +11% |
| Operating profit | $1.1B | $1.1B | $3.0M | +0.3% |
| Operating expenses | $2.2B | $2.1B | $149M | +7% |
| Pre-tax earnings | $1.1B | $1.1B | $3.0M | +0.3% |
| SG&A | $2.1B | $2.0B | $116M | +6% |
| Other operating costs | $145M | $112M | $32.4M | +29% |
| Net earnings | $821M | $833M | −$12.1M | -1% |
| Income tax | $242M | $227M | $15.1M | +7% |
| Depreciation & amortization | $188M | $167M | $20.6M | +12% |
| Share-based compensation | $27.7M | $30.9M | −$3.2M | -10% |
| Working capital & other | $68.3M | $277M | −$208M | -75% |
| Operating cash flow | $1.1B | $1.3B | −$203M | -16% |
| Free cash flow (OCF − capex) | $976M | $1.1B | −$135M | -12% |
| Capital expenditures | $129M | $196M | −$67.7M | -34% |
Questions
How much did Sherwin Williams's revenue grow year over year in Q3 2026?
Sherwin Williams's revenue rose $502M (+8%) from $6.4B in Q3 2025 to $6.9B in Q3 2026.
What drove Sherwin Williams's revenue change in Q3 2026?
Paint Stores Group +$179M (+5%); Consumer Brands Group +$167M (+22%); Performance Coatings Group +$153M (+9%).