Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.9B | $15.0B | $17.5B | $17.9B | $18.4B | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B |
| Revenue growth | — | 26.4% | 17.0% | 2.1% | 2.6% | 8.6% | 11.1% | 4.1% | 0.2% | 2.1% |
| Gross profit | $5.92B | $6.72B | $7.42B | $8.04B | $8.68B | $8.54B | $9.33B | $10.8B | $11.2B | $11.5B |
| Gross margin | 49.9% | 44.8% | 42.3% | 44.9% | 47.3% | 42.8% | 42.1% | 46.7% | 48.5% | 48.8% |
| Operating income | $2.16B | $2.24B | $2.61B | $2.81B | $3.37B | $3.08B | $3.40B | $4.16B | — | — |
| Operating margin | 18.3% | 14.9% | 14.9% | 15.7% | 18.4% | 15.5% | 15.3% | 18.1% | — | — |
| Net income | $1.13B | $1.73B | $1.11B | $1.54B | $2.03B | $1.86B | $2.02B | $2.39B | $2.68B | $2.57B |
| Net margin | 9.6% | 11.5% | 6.3% | 8.6% | 11.1% | 9.3% | 9.1% | 10.4% | 11.6% | 10.9% |
| EPS (diluted) | $11.99 | $18.20 | $11.67 | $5.50 | $7.36 | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.31B | $1.88B | $1.94B | $2.32B | $3.41B | $2.24B | $1.92B | $3.52B | $3.15B | $3.45B |
| Capital expenditures | $239M | $223M | $251M | $329M | $304M | $372M | $645M | $888M | $1.07B | $798M |
| Free cash flow | $1.07B | $1.66B | $1.69B | $1.99B | $3.10B | $1.87B | $1.28B | $2.63B | $2.08B | $2.65B |
| Dividends paid | $312M | $319M | $323M | $421M | $488M | $587M | $619M | $624M | $723M | $790M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $890M | $204M | $156M | $162M | $227M | $166M | $199M | $277M | $210M | $207M |
| Total assets | $6.75B | $19.9B | $19.1B | $20.5B | $20.4B | $20.7B | $22.6B | $23.0B | $23.6B | $25.9B |
| Long-term debt | $1.21B | $9.89B | $8.71B | $8.05B | $8.27B | $8.59B | $9.59B | $8.38B | $8.18B | $9.32B |
| Shareholders' equity | $1.88B | $3.65B | $3.73B | $4.12B | $3.61B | $2.44B | $3.10B | $3.72B | $4.05B | $4.60B |
| Retained earnings | $4.05B | $5.46B | $6.25B | $7.37B | $844M | $2.12B | $3.52B | $5.29B | $7.25B | $1.03B |
| Shares (wtd avg diluted) | 94.5M | 94.9M | 95.0M | 280M | 276M | 267M | 262M | 258M | 254M | 250M |
Every figure is extracted from SHERWIN WILLIAMS CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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