Analysis of Revenues
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- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Revenues as Reported
Sherwin-Williams Co., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Paint Stores Group | |||||||||||
| Consumer Brands Group | |||||||||||
| Performance Coatings Group | |||||||||||
| Administrative | |||||||||||
| Net external sales |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The data reveals several notable trends in revenue categories over the five-year span ending in 2024. Overall net external sales demonstrate a consistent upward trajectory from 18,361,700 thousand US dollars in 2020 to 23,098,500 thousand US dollars in 2024, indicating steady growth at the consolidated level.
- Paint Stores Group
- This segment shows a clear pattern of growth, with revenues increasing from 10,383,200 thousand US dollars in 2020 to 13,188,000 thousand US dollars in 2024. The increase is relatively steady, with the most significant jump occurring between 2021 and 2022, suggesting strong demand or market expansion within this group.
- Consumer Brands Group
- Revenues for this group exhibit more fluctuation compared to other segments. Starting at 3,053,400 thousand US dollars in 2020, there is a gradual rise peaking in 2022 at 3,388,400 thousand US dollars. Afterwards, a decline is noted in 2023 and further into 2024, dropping to 3,108,000 thousand US dollars. This trend may imply challenges such as market saturation, competitive pressures, or shifts in consumer preference impacting this segment adversely in recent years.
- Performance Coatings Group
- This division portrays a significant upward progression from 4,922,400 thousand US dollars in 2020 to a peak of 6,843,100 thousand US dollars in 2023, followed by a slight decline to 6,797,300 thousand US dollars in 2024. The strong growth phase until 2023 suggests robust operational performance or increased market penetration, though the minor reduction in the final year may warrant attention regarding market conditions or internal factors.
- Administrative
- Administrative expenses or related revenue figures remain low in absolute terms but show some variability, ranging from 2,200 to 5,200 thousand US dollars over the period. The increase towards 2024 could indicate heightened corporate activity, investments in administrative functions, or reclassification effects.
In summary, the company’s revenue streams portray solid overall growth primarily driven by the Paint Stores and Performance Coatings groups, while the Consumer Brands group faces recent downturns. The overall positive net external sales trend supports a general expectation of business expansion, yet the softer figures in certain segments highlight areas for strategic review.