Sherwin Williams (SHW) Cost of Revenue (2009 - 2026)
Sherwin Williams (SHW) posted Cost of Revenue of $3.5 billion for Q2 2026, up 19.57% on a QoQ basis from $2.9 billion in Q1 2026, and up 7.98% year-over-year from $3.2 billion in Q2 2025.
Analysis
Sherwin Williams (SHW) Cost of Revenue (2009 - 2026) Analysis & Trends
Sherwin Williams has reported Cost of Revenue for 18 years, with the latest figure at $3.5 billion in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 7.98% year-over-year to $3.5 billion in Q2 2026; TTM through Jun 2026 was $12.5 billion, a 5.52% increase from a year earlier, with the FY2025 full-year figure at $12.1 billion, up 1.31% from the prior year.
- Cost of Revenue was $3.5 billion for Q2 2026 at Sherwin Williams, up from $2.9 billion in the prior quarter.
- The five-year high for Cost of Revenue was $3.5 billion in Q3 2022, with the low at $2.7 billion in Q4 2023.
- Average Cost of Revenue over 5 years is $3.1 billion, with a median of $3.1 billion recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue rose 15.79% in 2022, then fell 9.78% in 2023.
- Over 5 years, Cost of Revenue stood at $3.0 billion in 2022, then slipped by 9.78% to $2.7 billion in 2023, then increased by 0.76% to $2.7 billion in 2024, then climbed by 5.85% to $2.9 billion in 2025, then increased by 19.7% to $3.5 billion in 2026.
- The last three Cost of Revenue figures came in at $3.5 billion (Q2 2026), $2.9 billion (Q1 2026), and $2.9 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sherwin Williams | 77.90 Bn | 77.60 Bn | 3.34 Bn | 3.45 Bn |
| 2 | Ppg Industries | 23.24 Bn | 21.79 Bn | 1.81 Bn | 2.69 Bn |
| 3 | Rpm International | 12.56 Bn | 12.25 Bn | 950.03 Mn | 1.28 Bn |
| 4 | Axalta Coating Systems | 6.89 Bn | 6.31 Bn | 465.00 Mn | 881.00 Mn |
| 5 | Fuller H B | 2.66 Bn | 2.54 Bn | 319.65 Mn | 630.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.45 Bn |
| Mar 31, 2026 | 2.89 Bn |
| Dec 31, 2025 | 2.88 Bn |
| Sep 30, 2025 | 3.23 Bn |
| Jun 30, 2025 | 3.20 Bn |
| Mar 31, 2025 | 2.75 Bn |
| Dec 31, 2024 | 2.72 Bn |
| Sep 30, 2024 | 3.14 Bn |
| Jun 30, 2024 | 3.21 Bn |
| Mar 31, 2024 | 2.84 Bn |
| Dec 31, 2023 | 2.70 Bn |
| Sep 30, 2023 | 3.20 Bn |
| Jun 30, 2023 | 3.37 Bn |
| Mar 31, 2023 | 3.02 Bn |
| Dec 31, 2022 | 3.00 Bn |
| Sep 30, 2022 | 3.46 Bn |
| Jun 30, 2022 | 3.42 Bn |
| Mar 31, 2022 | 2.95 Bn |
| Dec 31, 2021 | 2.88 Bn |
| Sep 30, 2021 | 3.01 Bn |