Sherwin-Williams Cash Flow Statement
NYSE: SHWConsumer DiscretionaryRETAIL: Building MaterialsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Sherwin-Williams free cash flow
In fiscal 2025, Sherwin-Williams generated $3.45 billion of operating cash flow and spent $797.6 million on capital expenditures. That left free cash flow of $2.65 billion, a free-cash-flow margin of 11.3% of revenue. Free cash flow was up 27.4% from the prior year's $2.08 billion.
Sherwin-Williams returned $2.45 billion to shareholders: $789.8 million in dividends and $1.66 billion in share repurchases, equal to 92% of free cash flow. Free cash flow covered dividend payments 3.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
Sherwin-Williams cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.57B | 2.68B | 2.39B | 2.02B | 1.86B | 2.03B | 1.54B | 1.11B | 1.73B | 1.13B |
| Net Income growth (YoY) | -4.21% | +12.25% | +18.25% | +8.35% | -8.18% | +31.73% | +39.02% | -35.84% | +52.55% | +7.48% |
| Depreciation & Amortization | 340.30M | 297.40M | 292.30M | 264.00M | 263.10M | 268.00M | 262.10M | 278.20M | 285.00M | 172.07M |
| Stock-Based Compensation | 123.50M | 138.10M | 115.90M | 99.70M | 97.70M | 95.90M | 101.70M | 82.60M | 90.30M | 72.11M |
| Change in Working Capital | -68.10M | -21.80M | 167.90M | -820.30M | -169.80M | 321.90M | -112.50M | 12.70M | 26.80M | -285.32M |
| Operating Cash Flow | 3.45B | 3.15B | 3.52B | 1.92B | 2.24B | 3.41B | 2.32B | 1.94B | 1.88B | 1.31B |
| Capital Expenditures | -797.60M | -1.07B | -888.40M | -644.50M | -372.00M | -303.80M | -328.90M | -251.00M | -222.80M | -239.03M |
| Investing Cash Flow | -2.07B | -1.20B | -1.04B | -1.61B | -476.40M | -322.40M | -462.60M | -251.60M | -9.05B | -303.77M |
| Dividends Paid | -789.80M | -723.40M | -623.70M | -618.50M | -587.10M | -488.00M | -420.80M | -322.90M | -319.00M | -312.08M |
| Share Repurchases | -1.66B | -1.74B | -1.43B | -883.20M | -2.75B | -2.45B | -778.80M | -613.30M | — | 0 |
| Debt Issued | 1.50B | 848.70M | 0 | 999.70M | 994.80M | 999.00M | 1.33B | — | 8.28B | 500.00K |
| Debt Repaid | -1.05B | -1.10B | -136.40M | -260.30M | -422.90M | -1.20B | -1.88B | -852.60M | -1.85B | -1.11M |
| Financing Cash Flow | -1.38B | -2.02B | -2.42B | -282.40M | -1.83B | -3.02B | -1.85B | -1.75B | 6.51B | -307.35M |
| Net Change in Cash | -3.20M | -66.40M | 78.00M | 33.10M | -60.90M | 64.80M | 6.30M | -48.70M | -685.60M | 684.05M |
| Free Cash Flow | 2.65B | 2.08B | 2.63B | 1.28B | 1.87B | 3.10B | 1.99B | 1.69B | 1.66B | 1.07B |
This table shows 10 annual periods of Sherwin-Williams's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow SHW's reporting calendar. What is a cash flow statement?