Stock Analysis on Net
Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Sherwin-Williams Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Accounts receivable, net
Inventories
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Intangible assets
Operating lease right-of-use assets
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset structure exhibits a consistent dominance of long-term assets, which typically constitute between 71% and 77% of the total asset base. Current assets remain relatively stable, generally fluctuating between 22% and 28% of the total balance sheet, indicating a consistent approach to short-term liquidity management.

Liquidity and Current Asset Composition
Cash and cash equivalents maintain a lean profile, consistently remaining below 2.2% of total assets. Accounts receivable represent a significant portion of current assets, generally hovering between 10% and 13%, reflecting a substantial amount of capital tied up in customer credit. Inventories showed a period of growth, peaking at 11.71% in March 2023, before stabilizing near 9.4% by mid-2026.
Fixed Asset Expansion
A pronounced upward trend is observed in net property, plant, and equipment. This component grew from 8.71% of total assets in March 2021 to 15.66% by June 2026, suggesting a sustained increase in capital investment and the expansion of physical infrastructure.
Intangible and Goodwill Trends
There is a clear long-term reduction in the relative weight of intangible assets, which declined from 20.60% to 14.11% over the analyzed period. Similarly, goodwill decreased from a high of 34.31% to 29.77%. This downward trajectory in non-physical assets, contrasted with the rise in physical assets, indicates a shift in the balance sheet composition toward more tangible operating assets.
Other Asset Variations
Operating lease right-of-use assets remained relatively stable, experiencing a slight decrease from 8.46% to 7.64%. Other assets demonstrated a general increase, rising from 2.91% to 6.85%, including a notable temporary spike to 11.06% in September 2025.

Overall, the financial profile reflects a transition from an asset base heavily weighted toward goodwill and intangibles toward one with a higher concentration of tangible fixed assets. This shift suggests an evolution in the capital allocation strategy, prioritizing physical capacity and infrastructure over the relative weight of acquired intangible value.