KPIs & Operating Metrics(New)
Growth Metrics

Sherwin Williams (SHW) Operating Expenses (2009 - 2026)

Sherwin Williams' quarterly Operating Expenses came in at $2.0 billion in Q1 2026, up 9.8% year-on-year from $1.8 billion in Q1 2025, and up 1.69% quarter-over-quarter from $1.9 billion in Q4 2025.

Sherwin Williams has reported Operating Expenses for 18 years, with the latest figure at $2.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 9.8% year-over-year to $2.0 billion; the trailing twelve-month figure through Mar 2026 stood at $7.9 billion (up 6.13% YoY), and the FY2025 full-year result was $7.7 billion, up 3.68% from the prior year.
  • Operating Expenses for Q1 2026 stood at $2.0 billion, up from $1.9 billion in the prior quarter.
  • The five-year high for Operating Expenses was $2.0 billion in Q2 2025, with the low at $105.3 million in Q1 2022.
  • Average Operating Expenses over 5 years is $1.3 billion, with a median of $1.8 billion recorded in 2024.
  • Year-over-year, Operating Expenses slumped 93.21% in 2023 and jumped 1601.11% in 2024.
  • Tracing SHW's Operating Expenses over 5 years: stood at $1.6 billion in 2022, then gained by 13.26% to $1.9 billion in 2023, then rose by 1.45% to $1.9 billion in 2024, then gained by 2.86% to $1.9 billion in 2025, then gained by 1.69% to $2.0 billion in 2026.
  • The last three Operating Expenses figures came in at $2.0 billion (Q1 2026), $1.9 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Linde 230.79 Bn 226.84 Bn 4.26 Bn 931.00 Mn
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn -48.90 Mn
3 Sherwin Williams 72.51 Bn 72.30 Bn 2.78 Bn 1.97 Bn
4 Ecolab 70.96 Bn 70.34 Bn 1.85 Bn 1.08 Bn
5 Air Products & Chemicals 62.15 Bn 63.70 Bn 987.40 Mn 248.80 Mn
6 Ppg Industries 25.04 Bn 23.57 Bn 1.66 Bn 1.10 Bn
7 LyondellBasell Industries 21.62 Bn 21.73 Bn 701.00 Mn 6.96 Bn
8 Albemarle 20.26 Bn 19.42 Bn 500.97 Mn -
9 DuPont de Nemours 19.45 Bn 19.56 Bn 602.00 Mn 302.00 Mn
10 International Flavors & Fragrances 19.02 Bn 18.49 Bn 1.02 Bn 599.00 Mn

Historic Data

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DateValue
Mar 31, 2026 1.97 Bn
Dec 31, 2025 1.94 Bn
Sep 30, 2025 1.95 Bn
Jun 30, 2025 2.01 Bn
Mar 31, 2025 1.79 Bn
Dec 31, 2024 1.88 Bn
Sep 30, 2024 1.89 Bn
Jun 30, 2024 1.85 Bn
Mar 31, 2024 1.80 Bn
Dec 31, 2023 1.86 Bn
Sep 30, 2023 187.90 Mn
Jun 30, 2023 108.50 Mn
Mar 31, 2023 115.30 Mn
Dec 31, 2022 1.64 Bn
Sep 30, 2022 116.90 Mn
Jun 30, 2022 1.60 Bn
Mar 31, 2022 105.30 Mn
Dec 31, 2021 -3.63 Bn
Sep 30, 2021 1.37 Bn
Jun 30, 2021 1.44 Bn
Mar 31, 2021 1.33 Bn
Dec 31, 2020 -3.49 Bn
Sep 30, 2020 142.10 Mn
Jun 30, 2020 99.00 Mn
Mar 31, 2020 107.00 Mn
Dec 31, 2019 1.35 Bn
Sep 30, 2019 1.35 Bn
Jun 30, 2019 138.50 Mn
Mar 31, 2019 127.80 Mn
Dec 31, 2018 1.24 Bn
Sep 30, 2018 1.27 Bn
Jun 30, 2018 1.31 Bn
Mar 31, 2018 107.25 Mn
Dec 31, 2017 4.47 Bn
Sep 30, 2017 136.30 Mn
Jun 30, 2017 1.15 Bn
Mar 31, 2017 85.95 Mn
Dec 31, 2016 -2.68 Bn
Sep 30, 2016 94.78 Mn
Jun 30, 2016 92.79 Mn
Mar 31, 2016 123.06 Mn
Dec 31, 2015 963.62 Mn
Sep 30, 2015 993.63 Mn
Jun 30, 2015 999.22 Mn
Mar 31, 2015 929.20 Mn
Dec 31, 2014 125.12 Mn
Sep 30, 2014 984.37 Mn
Jun 30, 2014 969.18 Mn
Mar 31, 2014 71.35 Mn
Dec 31, 2013 3.27 Bn
Sep 30, 2013 889.69 Mn
Jun 30, 2013 837.12 Mn
Mar 31, 2013 54.76 Mn
Dec 31, 2012 3.07 Bn
Sep 30, 2012 799.79 Mn
Jun 30, 2012 810.21 Mn
Mar 31, 2012 63.89 Mn
Dec 31, 2011 753.96 Mn
Sep 30, 2011 760.18 Mn
Jun 30, 2011 755.56 Mn
Mar 31, 2011 691.12 Mn
Dec 31, 2010 720.36 Mn
Sep 30, 2010 703.67 Mn
Jun 30, 2010 691.22 Mn
Mar 31, 2010 612.88 Mn
Dec 31, 2009 618.68 Mn
Sep 30, 2009 654.25 Mn
Jun 30, 2009 653.00 Mn