The Sherwin-Williams Company
SHWFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
23,099
Cost of Revenue
11,903
Gross Profit
11,195
Gross Margin
48.5%
Operating Income
3,762
Operating Margin
16.3%
Net Income
2,681
Net Margin
11.6%
EPS (Basic)
$10.68
EPS (Diluted)
$10.55
EBITDA
4,492
EBITDA Margin
19.4%
2023
12/31/2023
Revenue
23,052
Cost of Revenue
12,294
Gross Profit
10,758
Gross Margin
46.7%
Operating Income
3,606
Operating Margin
15.6%
Net Income
2,389
Net Margin
10.4%
EPS (Basic)
$9.35
EPS (Diluted)
$9.25
EBITDA
4,150
EBITDA Margin
18.0%
2022
12/31/2022
Revenue
22,149
Cost of Revenue
12,824
Gross Profit
9,325
Gross Margin
42.1%
Operating Income
3,001
Operating Margin
13.5%
Net Income
2,020
Net Margin
9.1%
EPS (Basic)
$7.83
EPS (Diluted)
$7.72
EBITDA
3,545
EBITDA Margin
16.0%
2021
12/31/2021
Revenue
19,945
Cost of Revenue
11,402
Gross Profit
8,543
Gross Margin
42.8%
Operating Income
2,665
Operating Margin
13.4%
Net Income
1,864
Net Margin
9.3%
EPS (Basic)
$7.10
EPS (Diluted)
$6.98
EBITDA
3,156
EBITDA Margin
15.8%
2020
12/31/2020
Revenue
18,362
Cost of Revenue
9,679
Gross Profit
8,683
Gross Margin
47.3%
Operating Income
0
Operating Margin
0.0%
Net Income
2,030
Net Margin
11.1%
EPS (Basic)
$7.48
EPS (Diluted)
$7.36
EBITDA
3,441
EBITDA Margin
18.7%