Stock Analysis on Net
Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

This company has been moved to the archive! The financial data has not been updated since July 27, 2022.

Common-Size Income Statement 

Sherwin-Williams Co., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net sales 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -57.17 -52.71 -55.11 -57.69 -54.74
Gross profit 42.83% 47.29% 44.89% 42.31% 45.26%
Selling, general and administrative expenses -27.94 -29.83 -29.47 -28.71 -31.94
Provisions for environmental matters, net 0.02 -0.20 -0.13 -1.01 -0.10
Loss on divestiture -0.56 0.00 0.00 0.00 0.00
Gain (loss) on sale or disposition of assets 0.03 0.05 -0.09 -0.07 -0.04
Other general expense, net -0.51% -0.15% -0.22% -1.08% -0.14%
Amortization -1.55 -1.71 -1.75 -1.81 -1.38
Impairment of trademarks 0.00 -0.01 -0.68 0.00 -0.01
Operating income 12.83% 15.58% 12.78% 10.71% 11.79%
Interest expense -1.68 -1.85 -1.95 -2.09 -1.76
Interest and net investment income 0.02 0.02 0.14 0.03 0.06
Investment and royalty income 0.15 0.09 0.07 0.02 0.05
Gain (loss) on extinguishment of debt 0.01 -0.12 -0.08 0.00 0.00
Net expense from banking activities -0.05 -0.06 -0.06 -0.06 -0.07
Foreign currency transaction related losses -0.06 -0.04 -0.11 -0.04 0.00
Domestic pension plan settlement expense 0.00 0.00 -0.18 -0.21 0.00
Miscellaneous pension income (expense) -0.02 -0.03 -0.04 0.06 0.00
Indirect tax credits 0.00 0.00 0.22 0.00 0.00
California litigation expense 0.00 0.00 0.19 -0.78 0.00
Other income 0.15 0.24 0.18 0.18 0.22
Other expense -0.07 -0.12 -0.08 -0.07 -0.09
Other income (expense), net 0.10% -0.03% 0.10% -0.89% 0.11%
Income from continuing operations before income taxes 11.27% 13.72% 11.07% 7.75% 10.20%
Income tax (expense) credit -1.93 -2.66 -2.46 -1.43 1.91
Net income from continuing operations 9.35% 11.06% 8.61% 6.32% 12.11%
Net loss from discontinued operations 0.00 0.00 0.00 0.00 -0.28
Net income 9.35% 11.06% 8.61% 6.32% 11.83%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Sherwin-Williams Co. operating income as a percentage of net sales increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Sherwin-Williams Co. income from continuing operations before income taxes as a percentage of net sales increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Sherwin-Williams Co. net income as a percentage of net sales increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.