Sherwin-Williams reported solid fourth quarter results with consolidated net sales at the high end of guidance, driven by the Suvinil acquisition and price increases, despite continued demand choppiness. The company achieved record full-year net sales and adjusted diluted net income per share, with improvements in gross margin and adjusted EBITDA, while returning significant capital to shareholders.
Consolidated Net sales increased 5.6% to $5.60 billion in Q4 2025, driven by price increases and the Suvinil acquisition.
positiveAdjusted diluted net income per share increased 6.7% to $2.23 in Q4 2025.
positivePaint Stores Group segment profit increased 7.1% to $649.5 million, with reported segment margin expanding to 20.8%.
positiveFull year 2025 Net operating cash generated was $3.45 billion, or 14.6% of Net sales.
positiveConsumer Brands Group segment profit decreased 15.6% to $56.2 million, with reported segment margin compressing to 6.8% from 10.1% in the prior year, impacted by restructuring expenses.
attentionDiluted net income per share for the full year decreased 2.7% to $10.26 compared to $10.55 in the prior year.
negativeFull year 2025 Net sales increased only 2.1% to $23.57 billion, a deceleration from prior periods.
attentionManagement anticipates a 'softer-for-longer' demand environment to persist well into the second half of 2026.
attentionInventory levels increased to $2.32 billion from $2.29 billion YoY.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Paint Stores Group (PSG) | N/A | — | — | — |
Consumer Brands Group (CBG) | N/A | — | — | — |
Performance Coatings Group (PCG) | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Sherwin-Williams delivered strong fourth quarter results driven by solid core performance amid continued demand choppiness, and inclusive of the first full quarter of the Suvinil acquisition.
For the full year, our ‘Success by Design’ approach resulted in record consolidated Net sales and record adjusted diluted net income per share.
We enter 2026 with a continuation of the softer-for-longer demand environment we have previously described.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.