Q3 25 EPS
$3.59
BEAT +4.38%
Est. $3.44
Q3 25 Revenue
$6.36B
BEAT +2.60%
Est. $6.20B
vs S&P Since Q3 25
-12.9%
TRAILING MARKET
SHW -8.0% vs S&P +4.9%
Market Reaction
Did SHW Beat Earnings? Q3 2025 Results
Sherwin-Williams posted a convincing Q3 2025 earnings beat, with adjusted diluted EPS of $3.59 clearing the $3.44 consensus by 4.38% and revenue of $6.36 billion topping estimates by 2.60% as sales grew 3.2% year-over-year, landing at the high end of… Read more Sherwin-Williams posted a convincing Q3 2025 earnings beat, with adjusted diluted EPS of $3.59 clearing the $3.44 consensus by 4.38% and revenue of $6.36 billion topping estimates by 2.60% as sales grew 3.2% year-over-year, landing at the high end of the company's own guided range. The standout driver was the Paint Stores Group, where a 5.1% revenue gain to $3.84 billion, fueled by low-single-digit price increases and broad volume growth across professional end markets, more than offset continued softness in the Consumer Brands segment, which saw sales slip 2.6% amid weak DIY demand in North America. Adjusted EBITDA rose 6.0% to $1.36 billion, representing 21.4% of net sales, even as CEO Heidi Petz acknowledged that demand "remains softer for longer." The company also returned $864 million to shareholders through buybacks and dividends during the quarter. Analysts have converged on a "Moderate Buy" consensus following the results, and Sherwin-Williams narrowed its full-year 2025 adjusted EPS guidance to $11.25 to $11.45, with Q4 net sales expected to grow at a low-to-mid-single-digit pace.
Key Takeaways
- • Selling price increases in PSG contributing low-single digit percentage revenue growth
- • Low-single digit percentage volume growth in PSG
- • Double-digit percentage increase in protective and marine end market
- • Mid-single digit percentage increase in residential repaint and commercial end markets
- • Double-digit percentage growth in Packaging within PCG including acquisition contribution
- • Automotive Refinish growth in PCG
- • Gross margin expansion to 49.2% from 49.1%
- • SG&A growth moderation to low-single digit percentage
- • Favorable product mix shift in Consumer Brands Group
SHW YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SHW Revenue by Segment
With YoY comparisons, source: SEC Filings
“Sherwin-Williams delivered solid third quarter results, as we continued to execute our strategy in a demand environment that remains softer for longer as we have previously described. Throughout the quarter, we continued to serve our customers, invest for success, control our costs, take advantage of a unique competitive environment, and execute on our enterprise priorities.”
— Heidi G. Petz, Q3 2025 Earnings Press Release
SHW Earnings Trends
SHW vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SHW EPS Trend
Earnings per share: estimate vs actual
SHW Revenue Trend
Quarterly revenue: estimate vs actual
SHW Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.35 | — | $5.67B | — |
| Q4 25 BEAT FY | $2.16 | $2.23 | +3.24% | $5.60B | +0.83% |
| FY Full Year | $11.37 | $11.43 | +0.49% | $23.57B | +0.20% |
| Q3 25 BEAT | $3.44 | $3.59 | +4.38% | $6.36B | +2.60% |
| Q2 25 MISS | $3.81 | $3.38 | -11.38% | $6.31B | +0.19% |
| Q1 25 BEAT | $2.16 | $2.25 | +4.12% | $5.31B | -1.85% |