Company / Operating Income
Sherwin-Williams Operating Income History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$4.2B
FY2023
5-year range
$2.8B / $4.2B
FY2019-FY2023
Trend
+22.5%
vs FY2022
Sector context
#5 of 96
Materials
What the data says
Among 96 Materials companies, Sherwin-Williams is in the top 5% for operating income. Operating Income has increased for 5 consecutive years, from $2.2B in FY2018 to $4.2B in FY2023.
Based on SEC 10-K filings.
$4.2B in FY2023 with a 5-year CAGR of +14.0%. Top quartile in the Materials sector.
Improved from $2.8B to $4.2B over the past 2 years.
Materials sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +16.8%
- 5-Year CAGR
- +14.0%
- 10-Year CAGR
- -
Sector benchmark
Top 5% in MaterialsTop 5% of 96This company $4.2B Sector average $503.7M
▼
+726.3% above sector average
Key checks
Key Insights
- Sherwin-Williams's operating income has grown for 5 consecutive years.
- 5-year CAGR of +14.0%, indicating consistent growth.
- In FY2023, operating income increased 22.5% year-over-year.
- Ranks #5 out of 96 companies in the Materials sector.
Company context
Key Data Points
- Altman Z-Score 1.01 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 58.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $4.2B | +22.5% |
| FY2022 | $3.4B | +20.9% |
| FY2021 | $2.8B | +7.6% |
| FY2020 | $2.6B | +16.8% |
| FY2019 | $2.2B | +3.3% |
| FY2018 | $2.2B | -3.2% |
| FY2017 | $2.2B | +3.3% |
| FY2016 | $2.2B | +50.1% |
As of FY2023 · SEC Form 10-K · Last checked Jun 30, 2026