Filing Flows › Sherwin Williams (SHW) › Q4 2025
Sherwin Williams (SHW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
Sherwin Williams (SHW) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -12% from the quarter before. Operating margin was 11.4%, net earnings $477M (8.5% of revenue).
Sherwin Williams, Q4 2025: revenue $5.6B (+6% year over year), operating margin 11.4%, net earnings $477M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | -12% | +6% |
| Gross profit | $2.7B | -13% | +5% |
| Operating profit | $639M | -40% | +4% |
| Net earnings | $477M | -43% | -0.7% |
| Operating cash flow | $1.1B | -16% | +17% |
| Free cash flow | $862M | -22% | +36% |
What changed
Revenue was $5.6B in Q4 2025, up 6% year over year and down 12% from the previous quarter. Paint Stores Group was the largest line at 56% of revenue.
Gross margin was 48.5%, down 0.1 points from a year earlier. Operating profit was $0.64B, a 11.4% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 12% margin then. Operating expenses grew 6% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+83%). Net earnings were $0.48B, down 1% year over year. The effective tax rate was 25.4%.
Operating cash flow was $1.1B (up 17% year over year), 229% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.40B. Capital expenditures of $0.23B left free cash flow of $0.86B.
Questions
What was Sherwin Williams' revenue in the fourth quarter 2025?
Sherwin Williams (SHW) reported revenue of $5.6B for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -12% from the quarter before.
Was Sherwin Williams profitable in the fourth quarter 2025?
Operating profit was $639M (11.4% of revenue) and net earnings $477M.
Source: Sherwin Williams 10-K on SEC EDGAR.