Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in thousands

Microsoft Excel
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
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: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and Cash Equivalents
Cash reserves demonstrated significant volatility throughout the periods. There was an initial decrease from March 2020 to June 2020, followed by a substantial increase in September 2020. Values then declined sharply towards the end of 2020, reached a peak in September 2023, and experienced subsequent fluctuations with no clear upward or downward trend emerging by the last period in September 2025.
Accounts Receivable, Net
This item generally exhibited an upward trend over the timeframe, increasing from just over 2.29 billion to over 3.12 billion by the last quarter in 2025. While some quarters saw slight declines, the overall movement is indicative of growth in receivables, suggesting expanding sales or extended credit terms.
Inventories
Inventories showed a mixed pattern with some growth over time. After a decline from early 2020 to late 2020, inventories increased notably towards late 2022 and mid-2023, reaching around 2.7 billion. Thereafter, they fluctuated but remained elevated compared to earlier years, reflecting either higher stock levels or accumulation of goods, possibly in response to demand conditions or supply chain strategies.
Other Current Assets
These assets displayed moderate variability but remained relatively stable, fluctuating between approximately 430 million and 580 million. Peaks in mid-2021 and mid-2023 may indicate cyclical or strategic changes in short-term assets composition.
Current Assets
Current assets overall increased from just under 5 billion to over 6.1 billion across the evaluated periods. The growth was steady with minor dips, suggesting an enhancement of the company's liquidity position or expansion in short-term holdings.
Property, Plant, and Equipment, Net
There was a consistent upward trajectory, more than doubling from approximately 1.83 billion in March 2020 to over 3.9 billion by September 2025. This trend reflects ongoing investment in fixed assets, indicating capacity expansion, modernization, or replacement activities.
Goodwill
Goodwill values remained relatively stable with minor fluctuations, averaging around 7 billion. This consistency points to limited acquisition activity or impairment, maintaining goodwill levels across the analyzed period.
Intangible Assets
Intangible assets experienced a gradual decline, dropping from roughly 4.59 billion to near 3.47 billion by September 2025. This suggests amortization exceeding additions or disposals, possibly reflecting rights expirations or changes in intangible holdings.
Operating Lease Right-of-Use Assets
These assets showed a gradual increase from about 1.68 billion to roughly 2 billion, with some minor oscillations. The incremental growth might be the result of new lease agreements or adjustments in lease accounting standards.
Other Assets
Other long-term assets exhibited a strong upward trend, increasing from about 585 million to nearly 2.9 billion by the end of the period. This notable rise indicates substantial additions or reclassifications, which could be linked to investments, long-term receivables, or deferred charges.
Long-Term Assets
Long-term assets in total showed steady growth from approximately 15.64 billion to over 20.06 billion. The consistent increase indicates sustained investment in long-term holdings, supporting operational capabilities and strategic asset development.
Total Assets
Total assets rose from about 20.57 billion to over 26.2 billion, reflecting overall growth in the company's asset base. The upward trend, despite some short-term fluctuations, suggests a strengthening asset position, likely driven by expansions in both current and long-term assets.

Assets: Selected Items


Current Assets: Selected Items