Sherwin Williams (SHW) Operating Income (2009 - 2026)
Sherwin Williams (SHW) reported Operating Income of $1.21 billion for Q3 2026, up 3.0% from $1.17 billion a year earlier but down 2.1% from the prior quarter.
Powered by 
Analysis
Sherwin Williams (SHW) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Sherwin Williams' Operating Income came in at $4.03 billion, up 7.9% year-over-year; for FY2025, it was $3.82 billion, up 1.3% from FY2024.
- Operating Income has increased for four consecutive years, with a five-year compound annual growth rate of 3.6% (FY2020 to FY2025).
- By year, Operating Income came in at $3.77 billion in FY2024 (+2.2%), $3.69 billion in FY2023 (+23.4%), $2.99 billion in FY2022 (+12.5%) and $2.66 billion in FY2021 (-17.0%).
- Five-year quarterly Operating Income spans a low of $130.3 million in Q4 2021 and a high of $1.23 billion in Q2 2026.
- Year over year, Operating Income has now increased in each of the last five quarters, with growth averaging 3.9% over the last eight quarters.
- The high point for year-over-year Operating Income in five years was Q4 2022 (growth of 356.8%); the low point was Q4 2021 (a decline of 80.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.23 billion (Q2 2026), $810.9 million (Q1 2026) and $775.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.83 Bn | 221.97 Bn | 4.44 Bn | 2.15 Bn |
| 2 | Corning | 99.72 Bn | 91.40 Bn | 1.81 Bn | 911.00 Mn |
| 3 | Sherwin Williams | 86.17 Bn | 85.18 Bn | 3.28 Bn | 1.21 Bn |
| 4 | Air Products & Chemicals | 69.05 Bn | 64.24 Bn | 1.04 Bn | -2.10 Bn |
| 5 | LyondellBasell Industries | 38.34 Bn | 26.40 Bn | 1.50 Bn | 1.07 Bn |
| 6 | Nutrien | 35.09 Bn | 31.62 Bn | 1.86 Bn | 1.70 Bn |
| 7 | Ppg Industries | 27.86 Bn | 20.78 Bn | 1.76 Bn | 648.00 Mn |
| 8 | Qnity Electronics | 26.20 Bn | 22.35 Bn | 743.00 Mn | 438.00 Mn |
| 9 | Ati | 25.21 Bn | 23.17 Bn | 380.20 Mn | 271.90 Mn |
| 10 | Dow | 22.43 Bn | 6.39 Bn | 1.38 Bn | 781.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.21 Bn |
| Jun 30, 2026 | 1.23 Bn |
| Mar 31, 2026 | 810.90 Mn |
| Dec 31, 2025 | 775.80 Mn |
| Sep 30, 2025 | 1.17 Bn |
| Jun 30, 2025 | 1.11 Bn |
| Mar 31, 2025 | 765.30 Mn |
| Dec 31, 2024 | 690.30 Mn |
| Sep 30, 2024 | 1.13 Bn |
| Jun 30, 2024 | 1.22 Bn |
| Mar 31, 2024 | 731.20 Mn |
| Dec 31, 2023 | 692.80 Mn |
| Sep 30, 2023 | 1.16 Bn |
| Jun 30, 2023 | 1.11 Bn |
| Mar 31, 2023 | 727.90 Mn |
| Dec 31, 2022 | 595.20 Mn |
| Sep 30, 2022 | 979.50 Mn |
| Jun 30, 2022 | 851.40 Mn |
| Mar 31, 2022 | 567.40 Mn |
| Dec 31, 2021 | 130.30 Mn |
API Access
Sherwin Williams Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "SHW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();