Sherwin-Williams Company's Income Statement Analysis: Revenue to Profit Breakdown
Sherwin-Williams Company's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$19.94 B | $22.15 B | $23.05 B | $23.10 B | $23.57 B | $23.94 B |
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Cost of Revenue Direct cost of goods/services. |
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$11.40 B | $12.82 B | $12.29 B | $11.90 B | $12.04 B | $12.18 B |
Gross Profit Revenue minus cost of revenue. |
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$8.54 B | $9.33 B | $10.76 B | $11.20 B | $11.54 B | $11.76 B |
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Operating Expense
Costs to run business. |
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$5.88 B | $6.32 B | $7.15 B | $7.43 B | $7.73 B | $7.90 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$5.88 B | $6.33 B | $7.07 B | $7.43 B | $7.71 B | $7.88 B |
General and Administrative Corporate overhead costs. |
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$5.88 B | $6.33 B | $7.07 B | $7.43 B | $7.71 B | $7.88 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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-$4.00 M | -$7.10 M | $80.70 M | -$1.30 M | $21.30 M | $18.20 M |
Operating Income Profit from operations. |
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$2.66 B | $3.00 B | $3.61 B | $3.76 B | $3.80 B | $3.86 B |
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Net Interest Income
Interest income minus expense. |
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-$340.10 M | -$395.00 M | -$407.30 M | -$420.40 M | -$457.70 M | -$482.10 M |
Interest Income Income from investments. |
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$4.90 M | $8.00 M | $25.20 M | $11.00 M | $11.20 M | $10.70 M |
Interest Expense Cost of borrowing. |
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$345.00 M | $403.00 M | $432.50 M | $431.40 M | $468.90 M | $492.80 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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$81.40 M | $36.70 M | $79.00 M | -$105.60 M | -$2.30 M | $4.10 M |
Total Other Income (Net) Net non-operating items. |
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-$416.10 M | -$427.50 M | -$496.50 M | -$310.10 M | -$466.60 M | -$496.40 M |
Income Before Tax Profit before taxes. |
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$2.25 B | $2.57 B | $3.11 B | $3.45 B | $3.34 B | $3.37 B |
Income Tax Expense Taxes on income. |
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$384.20 M | $553.00 M | $721.10 M | $770.40 M | $769.70 M | $765.70 M |
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Net Income
Final profit. |
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$1.86 B | $2.02 B | $2.39 B | $2.68 B | $2.57 B | $2.60 B |
Net Income From Continuing Operations Profit from core business. |
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$1.86 B | $2.02 B | $2.39 B | $2.68 B | $2.57 B | $2.60 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$7.10 | $7.83 | $9.35 | $10.68 | $10.38 | $10.54 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$6.98 | $7.72 | $9.25 | $10.55 | $10.27 | $10.42 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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262.50 M | 258.00 M | 255.40 M | 254.10 M | 246.40 M | 245.70 M |
Diluted Average Shares Outst. Shares including dilution. |
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267.10 M | 261.80 M | 258.30 M | 254.10 M | 248.80 M | 248.10 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$2.58 B | $2.96 B | $3.53 B | $3.87 B | $3.81 B | $3.86 B |
EBITDA Earnings before interest, tax, D&A. |
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$3.16 B | $3.55 B | $4.15 B | $4.49 B | $4.40 B | $4.47 B |
Depreciation and Amortization Non-cash expense for assets. |
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$572.60 M | $581.10 M | $622.50 M | $624.00 M | $588.80 M | $614.70 M |
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Sherwin-Williams Company's Assets vs Liabilities & Equity
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