The Sherwin-Williams Company SHW SPX

Basic Materials · Specialty Chemicals · United States

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications; automotive refinish products; protective and marine coatings; coil coatings; packaging coatings; and performance-based resins and colorants. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company operates in North America, South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

Market & Price

Market Cap

$74.94B

Current Price

$303.84

High / Low (52W)

$372.56 / $298.28

Beta

1.16

Valuation

Stock P/E

29.16

Industry PE

24.80

Forward P/E

22.88

PEG Ratio

2.35

Book Value

$18.07

Price to Book

16.81

P/S

3.13

EV/EBITDA

19.50

Dividend Yield

1.05%

Profitability & Returns

ROCE

20.04%

ROE

60.72%

ROA

9.45%

Profit Margin

10.86%

Op Margin

14.16%

EPS (Latest Qtr)

$2.15

EPS (TTM)

$10.42

Balance Sheet & Liquidity

Debt/Equity

3.30

Quick Ratio

0.47

Current Ratio

0.86

Debt

$14.60B

Total Assets

$25.90B

Current Assets

$6.01B

Working Capital

$-912.90M

Ownership

Promoter Holding

6.28%

Chg in Prom Hold

FII / Inst Holding

82.93%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$88.89B

Total Revenue (TTM)

$23.94B

EBITDA

$4.56B

Free Cash Flow

$2.14B

Operating Cash Flow

$3.65B

Shares Outstanding

246.64M

Gross Margin

49.04%

Payout Ratio

30.45%

Growth (CAGR)

Revenue 5Y

2.10%

Profit 5Y

8.34%

Revenue (YoY)

6.80%

Earnings (YoY)

7.50%

PROS

Strong return on equity of 60.7%.
Healthy ROCE of 20.0%.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SHW The Sherwin-Williams Company SPX	303.84	29.16	$74.94B	1.05%	20.04%	60.72%	2.10%	8.34%
2	LIN Linde plc NDXSPX	497.69	33.00	$230.11B	1.29%	13.07%	18.23%	0.62%	18.48%
3	NEM Newmont Corporation SPX	109.81	14.24	$117.23B	0.95%	22.51%	25.83%	23.91%	583.84%
4	FCX Freeport-McMoRan Inc. SPX	65.71	34.77	$94.46B	0.91%	12.93%	15.63%	4.39%	-14.02%
5	CRH CRH plc SPX	108.79	20.18	$72.69B	1.43%	11.33%	15.81%	4.60%	-1.15%
6	ECL Ecolab Inc. SPX	256.00	34.59	$72.05B	1.14%	14.89%	22.43%	4.26%	23.88%
7	APD Air Products and Chemicals, Inc. SPX	278.62	29.33	$62.04B	2.60%	-0.62%	12.35%	-1.77%	-39.16%
8	NUE Nucor Corporation SPX	250.00	24.80	$56.94B	0.90%	8.80%	12.29%	-7.84%	-38.80%
9	CTVA Corteva, Inc. SPX	78.28	42.31	$52.36B	0.92%	6.08%	5.14%	-0.10%	-1.56%

Quarterly Results

Figures in USD.

Metric	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	4.04B	4.88B	4.87B	4.11B	4.15B	4.60B	5.12B	4.49B	4.66B	5.38B	5.15B	4.76B	5.00B	5.87B	6.05B	5.44B	6.24B	6.12B	5.37B	6.27B	-	-	5.31B	6.31B	6.36B	5.60B	5.67B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.75B	3.20B	3.23B	2.88B	2.89B
Gross Profit	1.32B	1.26B	1.64B	1.64B	1.39B	1.34B	1.73B	1.90B	1.74B	1.69B	2.04B	2.01B	1.68B	1.74B	2.18B	2.23B	1.89B	1.89B	2.21B	2.46B	2.13B	2.11B	2.41B	2.14B	1.88B	2.05B	2.45B	2.59B	2.42B	2.87B	2.92B	2.53B	3.06B	-	-	2.56B	3.12B	3.13B	2.71B	2.78B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.80B	2.02B	1.97B	1.92B	1.98B
Operating Income	-	365.15M	672.88M	674.50M	-	418.25M	671.10M	655.62M	-	502.39M	804.99M	766.55M	-	517.70M	903.40M	916.00M	-	585.50M	934.50M	1.10B	-	767.50M	994.90M	817.70M	-	654.80M	960.70M	1.10B	839.40M	1.23B	1.30B	884.30M	1.41B	-	-	754.30M	1.10B	1.15B	789.70M	802.70M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	917.70M	1.26B	1.34B	957.00M	998.20M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103.80M	112.40M	117.20M	131.60M	131.60M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	653.00M	985.70M	1.06B	639.00M	679.80M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149.10M	231.00M	227.40M	162.20M	145.10M
Net Income	198.02M	164.88M	378.06M	386.73M	203.03M	239.15M	319.11M	316.61M	853.08M	250.10M	403.60M	354.00M	101.00M	245.20M	471.00M	576.50M	248.60M	321.70M	595.90M	705.80M	407.00M	409.60M	648.60M	502.20M	304.00M	370.80M	577.90M	685.10M	477.40M	793.70M	761.50M	505.20M	889.90M	-	-	503.90M	754.70M	833.10M	476.80M	534.70M
Diluted EPS	2.11	1.75	3.99	4.08	2.15	2.53	3.36	3.33	8.92	2.62	4.25	3.72	1.07	2.62	5.03	6.16	2.66	1.15	2.16	2.55	1.49	1.51	2.42	1.88	1.15	1.41	2.21	2.62	1.84	3.07	2.95	1.97	3.50	-	-	2.00	3.00	3.35	1.92	2.15

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	14.98B	17.53B	17.90B	18.36B	-	22.15B	23.05B	23.10B	23.57B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.82B	12.29B	11.90B	12.06B
Gross Profit	3.60B	3.50B	3.26B	3.48B	3.74B	4.21B	4.62B	5.16B	5.56B	5.92B	6.72B	7.42B	8.04B	8.68B	-	9.33B	10.76B	11.20B	11.52B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.32B	7.15B	7.43B	7.72B
Operating Income	-	-	-	948.00M	985.00M	1.31B	1.44B	1.70B	1.96B	2.16B	2.24B	2.61B	2.81B	3.37B	-	3.00B	3.61B	3.76B	3.80B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.54B	4.15B	4.49B	4.48B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390.80M	417.50M	415.70M	465.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.57B	3.11B	3.45B	3.34B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	553.00M	721.10M	770.40M	769.70M
Net Income	615.58M	476.88M	435.85M	462.49M	441.86M	631.03M	752.56M	865.89M	1.05B	1.13B	1.73B	1.11B	1.54B	2.03B	-	2.02B	2.39B	2.68B	2.57B
Diluted EPS	4.70	4.00	3.78	4.21	4.14	6.02	7.26	8.77	11.15	11.99	18.20	11.67	5.50	7.36	-	7.72	9.25	10.55	10.26
R&D Expense	-	37.47M	40.42M	39.88M	41.72M	44.65M	47.04M	50.02M	57.67M	58.04M	58.47M	51.92M	-	-	-	-	-	-	-

Compounded Sales Growth

5 Years:	2.10%
1 Year:	6.80%

Compounded Profit Growth

5 Years:	8.34%
1 Year:	7.50%

Stock Price Performance

1 Year:	-14.53%
6 Months:	-10.90%
3 Months:	-15.80%
1 Month:	-4.16%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	4.86B	4.42B	4.32B	5.17B	5.23B	6.23B	6.38B	5.70B	5.78B	6.75B	19.90B	19.13B	20.50B	20.40B	-	22.59B	22.95B	23.63B	25.90B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.91B	5.51B	5.40B	6.01B
Cash & Equivalents	469.17M	27.32M	26.21M	69.33M	58.59M	32.70M	862.59M	744.89M	40.73M	205.74M	889.79M	204.20M	155.50M	161.80M	226.60M	-	198.80M	276.80M	210.40M	207.20M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.63B	2.33B	2.29B	2.32B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.56B	2.47B	2.39B	2.79B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19.49B	19.24B	19.58B	21.30B
Current Liabilities	-	2.14B	1.94B	1.39B	2.06B	2.16B	1.88B	2.53B	2.68B	2.14B	2.83B	3.99B	4.30B	4.52B	4.59B	-	5.96B	6.63B	6.81B	6.92B
Long Term Debt	-	293.45M	303.73M	782.67M	648.33M	639.23M	1.63B	1.12B	1.12B	1.91B	1.21B	9.89B	8.71B	8.05B	8.27B	-	9.59B	8.38B	8.18B	9.32B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.51B	11.81B	11.91B	12.94B
Total Equity	-	1.79B	1.61B	1.49B	1.61B	-	1.79B	1.77B	996.47M	867.91M	1.88B	3.65B	3.73B	4.12B	3.61B	-	3.10B	3.72B	4.05B	4.60B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	273.59M	274.98M	276.98M	248.77M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	874.54M	876.23M	859.19M	706.59M	735.81M	887.89M	1.08B	1.08B	1.45B	1.31B	1.88B	1.94B	2.32B	3.41B	-	1.92B	3.52B	3.15B	3.45B
Investing Cash Flow	-456.62M	-236.83M	-130.40M	-489.95M	-277.77M	-342.45M	-338.31M	-310.05M	-288.63M	-303.77M	-9.05B	-251.60M	-462.60M	-322.40M	-	-1.61B	-1.04B	-1.20B	-2.07B
Financing Cash Flow	-866.62M	-637.91M	-682.83M	-223.57M	-475.21M	286.58M	-853.31M	-1.47B	-980.35M	-307.35M	6.51B	-1.75B	-1.85B	-3.02B	-	-282.40M	-2.42B	-2.02B	-1.38B
Capital Expenditure	-165.87M	-117.20M	-91.33M	-125.16M	-	-	-	-	-	-	-	-	-	-	-	-644.50M	-888.40M	-1.07B	-797.60M
Free Cash Flow	708.67M	759.03M	767.86M	581.43M	-	-	-	-	-	-	-	-	-	-	-	1.28B	2.63B	2.08B	2.65B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29.90M	58.00M	-60.20M	6.70M
Dividends Paid	-	-	162.56M	156.42M	153.51M	160.94M	204.98M	215.26M	249.65M	312.08M	319.00M	322.90M	420.80M	488.00M	587.10M	618.50M	623.70M	723.40M	789.80M

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	44.8%	42.3%	44.9%	47.3%	-	42.1%	46.7%	48.5%	48.8%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	14.9%	14.9%	15.7%	18.4%	-	13.5%	15.6%	16.3%	16.1%
Net Margin %	-	-	-	-	-	-	-	-	-	-	11.5%	6.3%	8.6%	11.1%	-	9.1%	10.4%	11.6%	10.9%
ROE %	34.5%	29.7%	29.2%	28.7%	-	35.2%	42.4%	86.9%	121.4%	60.3%	47.4%	29.7%	37.4%	56.2%	-	65.1%	64.3%	66.2%	55.9%
ROCE %	-	-	-	30.5%	32.1%	30.0%	37.4%	56.2%	54.0%	55.2%	14.0%	17.6%	17.6%	21.3%	-	18.0%	22.1%	22.4%	20.0%

Shareholding Pattern

Insiders

6.28%

Institutions

82.93%

Public Float

88.48%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.09%	17.48M	$5.31B
2	State Street Corporation	6.32%	15.60M	$4.74B
3	Vanguard Capital Management LLC	6.14%	15.14M	$4.60B
4	FMR, LLC	2.83%	6.99M	$2.12B
5	Morgan Stanley	2.51%	6.19M	$1.88B
6	Vanguard Portfolio Management LLC	2.39%	5.90M	$1.79B
7	Geode Capital Management, LLC	2.16%	5.33M	$1.62B
8	Price (T.Rowe) Associates Inc	1.62%	3.99M	$1.21B
9	Capital Research Global Investors	1.46%	3.61M	$1.10B
10	Alliancebernstein L.P.	1.45%	3.57M	$1.09B

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SHW · Basic Materials