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SHW

NYSE · USD
The Sherwin-Williams Company
Basic Materials · Chemicals - Specialty
CEO Heidi G. Petz Employees 64,249 R&D / revenue 0.0%
Last price
$335.20−0.51%last session
Market cap
$81.4B
P/E (TTM)
30.6x
From 52w high
−11.3%
From 52w low
+15.6%
1-year return
+1.3%
RSI 14 · vs SMA200
58.4 · +0.7%
IS score
62.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

SHW   SPY   XLB (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26XLB 118SPY 116SHW 101

Score DNA

Each bar is a 0-100 score within the scored universe
66
Profitability
54
Growth
42
Value
77
Momentum
90
Risk (safety)
58
Quality
30
Balance sheet
76
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for SHW (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 6 / 9Altman Z 3.6Beta 1.093 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
2 open-market sales, $7.7M
Form 144 notices (12m): 4, $9.7M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
6
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+47
178 new holders, 112 closed
1,750 filers hold 83.2% · 571 added, 729 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+186
1,112 funds adding shares
926 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
43.7%
20-day avg 41.8%, 50-day avg 44.0%
Latest 1.9 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$23.6B
Revenue growth YoY+2.1%
Gross margin48.9%
Operating income$3.8B
Operating margin16.1%
Net income$2.6B
Net margin10.9%
EPS (diluted)$10.27
Cash flow
Operating cash flow$3.5B
Capital expenditure$797.6M
Free cash flow$2.7B
FCF conversion (FCF / OCF)76.9%
Stock-based compensation$123.5M
FCF less SBC$2.5B
Buybacks$0
Dividends$789.8M
Balance sheet & returns
Cash & short-term investments$207.2M
Total debt$12.9B
Net debt$12.7B
Shareholders' equity$4.6B
Goodwill & intangibles$12.0B
Debt / equity3.69
ROE (TTM)62.1%
ROIC (TTM)14.3%
Operating margin by fiscal year
13.4%FY202113.5%FY202210.8%FY202316.3%FY202416.1%FY2025
Revenue $19.9B (FY2021) to $23.6B (FY2025), a 4.3% CAGR.

Valuation

P/E (TTM)30.6x
EV / EBITDA20.1x
Price / sales3.33x
Price / FCF25.3x
FCF yield3.95%
Buyback yield0.00%
SBC / revenue0.5%
Price / book21.29x
Forward P/E FY202627.7x
Forward P/E FY202724.8x
Forward P/E FY202822.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $382.21 across 14 analysts last quarter is theirs, not ours.

SHW vs industry median

207 companies in Chemicals - Specialty
Gross margin 49.1% 28.5% Operating margin 16.4% 7.9% Net margin 11.0% 3.3% ROIC 14.3% 6.4%
SHW (TTM)Industry median Asset turnover 0.91 vs industry 0.70 · financial leverage 6.99

Earnings delivery

Next report 2026-10-27 · consensus EPS $3.69
75%
beat rate, 9 of 12 quarters
+3.4%
median EPS surprise
4
longest beat streak
+16+1-2+6-5+1+5-10+4+3+4+5
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
SHW The Sherwin-Williams Company $81.4B30.6x62.1%11.0%+2.1% +1.3%
ECL Ecolab Inc. $81.0B38.5x21.8%12.1%+7.1% +7.0%
APD Air Products and Chemicals, $66.7Bn/m-0.3%-45.6%+4.5% +18.3%
LIN Linde plc $229.8B32.0x18.8%20.8%+6.6% +12.6%
PPG PPG Industries, Inc. $23.9B15.3x19.6%9.7%+12.3% +7.1%
IFF International Flavors & Frag $23.1B83.2x2.0%2.6%−11.7% —
LYB LyondellBasell Industries N. $20.7Bn/m-3.1%6.1%−11.3% —
SQM Sociedad Química y Minera d $17.2B12.5x23.9%26.7%+59.3% —
12-month window: SPY +15.9%, sector ETF XLB +17.8%. Past returns describe history only.

Recent 8-K filings

2026-09-29Material Agreement; Termination of Agreement; Financial Obligation; Other Events; Exhibits
2026-07-28Earnings Release; Exhibits
2026-06-09Material Agreement; Financial Obligation; Exhibits
2026-04-28Earnings Release; Exhibits
2026-04-24Shareholder Vote
2026-02-09Entry into Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Statements and Exhibits

Context

Shares outstanding242,758,151
Free float93.5%
Institutional ownership83.2%
Beta1.09
Dividend yield0.95%
Last dividend$0.80 on 2026-08-21
50 / 200-day average$334.74 / $333.12
Large-cap Basic Materials median P/E30.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where SHW sits among 43 scored companies in Chemicals - Specialty (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureSHWIndustry medianIndustry percentileSector median
P/E (TTM) 30.3x 28.9x
56th		 19.5x
PEG (P/E ÷ 3-yr EPS CAGR) 4.78 2.33
86th		 0.89
Price / sales 3.3x 1.5x
80th		 1.9x
Price / book 21.1x 2.4x
98th		 2.3x
Price / tangible book —
Price / free cash flow 25.3x 18.0x
58th		 16.3x
Price / operating cash flow 20.9x 11.4x
78th		 9.6x
Enterprise value $95.3B $5.0B
98th		 $5.4B
EV / sales 3.9x 1.9x
83rd		 2.0x
EV / EBITDA 20.5x 12.3x
80th		 10.8x
EV / EBIT 23.8x 23.2x
53rd		 14.7x
EV / free cash flow 29.7x 29.7x
50th		 21.6x
Earnings yield 3.3% 2.2%
67th		 3.9%
FCF yield 3.9% 3.9%
50th		 4.3%
Operating cash flow yield 4.8% 7.8%
26th		 9.8%
Graham number (per share) $61.79 $51.61
68th		 $36.55

Profitability (TTM)

MeasureSHWIndustry medianIndustry percentileSector median
Gross margin 49.1% 29.4%
95th		 32.1%
EBITDA margin 19.0% 15.0%
73rd		 19.0%
Operating margin 16.4% 9.7%
80th		 13.8%
EBIT margin 16.4% 8.7%
83rd		 12.3%
Net margin 11.0% 4.8%
83rd		 6.8%
NOPAT margin 12.6% 7.6%
78th		 10.1%
FCF margin 13.2% 8.0%
76th		 6.4%
Operating cash flow margin 15.9% 11.6%
68th		 15.6%
R&D / revenue 0.0% 0.5%
0th		 0.0%
SG&A / revenue 32.6% 12.8%
93rd		 9.4%
Stock comp / revenue 0.5% 0.5%
56th		 0.4%
Effective tax rate 23.0% 21.0%
67th		 22.5%

Returns on capital

MeasureSHWIndustry medianIndustry percentileSector median
ROE (on average equity) 65.1% 7.2%
100th		 12.1%
ROA 10.3% 2.9%
93rd		 5.0%
ROIC 17.3% 6.5%
90th		 9.8%
ROCE 23.1% 6.0%
98th		 9.7%
Return on tangible assets 15.3% 4.9%
90th		 8.5%
Cash ROIC (OCF / invested capital) 21.9% 13.6%
86th		 14.9%
Gross profitability (GP / assets) 44.4% 16.9%
98th		 17.5%
ROIC, 3-yr average 14.1% 3.9%
92nd		 6.5%
ROIC, 5-yr average 16.0% 6.9%
90th		 8.1%
ROE, 5-yr average 67.6% 9.1%
100th		 9.1%
Incremental ROIC 124.0% 0.7%
88th		 28.3%

Growth

MeasureSHWIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 5.8% 3.5%
56th		 9.7%
Revenue growth (QoQ) 19.8% 13.2%
74th		 9.5%
Revenue CAGR, 3 yr 2.1% -0.6%
64th		 2.3%
Revenue CAGR, 5 yr 4.4% 4.4%
50th		 7.3%
Gross profit CAGR, 3 yr 5.8% 0.3%
72nd		 5.4%
Operating income CAGR, 3 yr 5.4% 6.2%
46th		 7.8%
Net income growth (TTM YoY) 5.6% 5.6%
50th		 45.4%
Net income CAGR, 3 yr 4.7% 6.0%
36th		 7.3%
EPS growth (TTM YoY) 7.7% 7.7%
50th		 44.1%
EPS CAGR, 3 yr 6.3% 8.0%
45th		 8.0%
EPS CAGR, 5 yr 6.1% 6.1%
48th		 11.5%
FCF growth (TTM YoY) 49.1% 12.6%
81st		 19.4%
FCF CAGR, 3 yr 22.4% 5.9%
86th		 3.8%
Operating cash flow CAGR, 3 yr 14.7% 1.1%
77th		 7.7%
Book value CAGR, 3 yr 3.6% 1.9%
54th		 6.5%
Dividend CAGR, 3 yr 2.7% 2.1%
62nd		 2.6%
Sustainable growth rate 46.1% 11.5%
96th		 13.5%

Margin history & stability

MeasureSHWIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 48.7% 28.9%
95th		 29.8%
Operating margin, 3-yr average 14.5% 10.3%
80th		 12.0%
Net margin, 3-yr average 11.0% 3.7%
85th		 6.3%
FCF margin, 3-yr average 10.9% 6.3%
82nd		 7.1%
Revenue stability (0-1) 0.86 0.52
78th		 0.60
Earnings stability (0-1) 0.67 0.42
68th		 0.41
Margin stability (0-1) 0.96 0.89
83rd		 0.83

Liquidity (latest quarter)

MeasureSHWIndustry medianIndustry percentileSector median
Cash & short-term investments $293.5M $189.6M
60th		 $245.7M
Net cash (− = net debt) −$13.9B −$968.6M
5th		 −$465.1M
Working capital −$2.6B $530.0M
0th		 $531.5M
Current ratio 0.73 1.84
0th		 2.08
Quick ratio 0.46 1.16
0th		 1.42
Cash ratio (cash + ST investments / current liabilities) 0.03 0.30
2nd		 0.45
Defensive interval (days) 177 days 609 days
2nd		 773 days

Leverage & solvency (latest quarter)

MeasureSHWIndustry medianIndustry percentileSector median
Total debt $14.2B $1.3B
93rd		 $807.4M
Debt / equity 3.69 0.79
95th		 0.50
Net debt / equity 3.61 0.60
95th		 0.30
Debt / assets 52.7% 33.1%
90th		 24.4%
Debt / capital 78.7% 44.1%
95th		 33.5%
Debt / EBITDA 3.06 3.76
37th		 1.80
Net debt / EBITDA 3.00 2.94
51st		 1.17
Interest coverage (EBIT / interest) 7.8x 3.1x
72nd		 6.7x
Cash interest coverage 7.5x 6.2x
57th		 7.7x
Debt payback (years of OCF) 3.7 yrs 4.4 yrs
32nd		 2.6 yrs
Liabilities / assets 85.7% 56.9%
90th		 47.8%
IS credit model rating BBB+ — —
Implied credit spread (bps) 225 350
36th		 162

Efficiency

MeasureSHWIndustry medianIndustry percentileSector median
Asset turnover 0.93 0.68
74th		 0.66
Fixed asset turnover 3.89 2.14
83rd		 1.53
Inventory turnover 5.0 4.6
59th		 4.9
Receivables turnover 7.3 6.4
62nd		 8.7
Days sales outstanding 50 days 57 days
38th		 42 days
Days inventory outstanding 74 days 80 days
41st		 74 days
Days payables outstanding 79 days 51 days
86th		 49 days
Cash conversion cycle (days) 44 days 88 days
19th		 61 days
Capex / revenue 2.8% 5.1%
17th		 7.8%
Capex / depreciation 1.05 0.94
61st		 1.09
Operating expense ratio 31.0% 20.4%
78th		 11.3%

Cash flow & earnings quality

MeasureSHWIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.45 1.45
52nd		 1.55
FCF / net income 1.20 1.09
60th		 0.89
FCF / operating cash flow 82.7% 60.8%
95th		 52.6%
Capex / operating cash flow 17.3% 39.2%
5th		 47.0%
Accruals ratio -4.6% -6.8%
62nd		 -5.6%
Sloan accruals ratio -5.7% -4.9%
43rd		 -3.6%
Earnings quality score (0-1) 1.00 1.00
40th		 0.75

Dividends & buybacks

MeasureSHWIndustry medianIndustry percentileSector median
Dividend yield 1.0% 1.4%
36th		 0.9%
Dividend per share (TTM) $3.19 $0.97
86th		 $0.40
Payout ratio (dividends / net income) 29.2% 37.1%
40th		 18.3%
Dividends / FCF 24.5% 25.9%
46th		 17.9%
Dividend growth (YoY) 5.4% 3.4%
61st		 4.2%
Buyback yield 3.2% 0.5%
93rd		 0.2%
Shareholder yield (dividends + buybacks) 4.2% 2.5%
86th		 2.3%
Share count change (YoY) -1.9% 0.0%
17th		 0.0%
Buybacks, last 5 years $9.6B $90.1M
98th		 $35.6M

Scores & forensic checks

MeasureSHWIndustry medianIndustry percentileSector median
IS score 62 45
83rd		 57
IS profitability 66 29
90th		 44
IS growth 54 50
63rd		 59
IS value 42 47
33rd		 54
IS momentum 77 69
68th		 78
IS risk (safety) 90 65
71st		 80
IS quality 58 61
43rd		 70
IS balance sheet 30 49
19th		 65
IS earnings quality 76 66
90th		 71
IS cash flow 70 51
90th		 49
Piotroski F-score (0-9) 6 5
52nd		 6
Altman Z-score 3.6 2.5
71st		 3.1
Beneish M-score −2.54 −2.64
71st		 −2.55
Ohlson O-score −6.24 −7.29
76th		 −8.14
IS credit score 63 54
64th		 70

Per share

MeasureSHWIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $10.88 $1.54
95th		 $1.57
Book value per share $15.60 $26.43
36th		 $16.95
Tangible book per share −$32.57 $4.59
0th		 $8.43
Revenue per share $98.79 $43.37
90th		 $31.21
FCF per share $13.00 $2.63
98th		 $1.99
Operating cash flow per share $15.73 $5.86
93rd		 $4.23
Cash per share $1.19 $2.95
24th		 $2.16

Size (TTM)

MeasureSHWIndustry medianIndustry percentileSector median
Market cap $81.4B $3.6B
98th		 $4.7B
Revenue $24.4B $2.4B
95th		 $2.5B
EBITDA $4.6B $241.5M
98th		 $488.0M
Net income $2.7B $89.2M
98th		 $137.1M
Free cash flow $3.2B $131.6M
95th		 $142.7M
Total assets $27.0B $3.5B
90th		 $3.8B
Shareholders' equity $3.9B $1.4B
76th		 $1.6B
Employees 64,249 4,064
98th		 4,067

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-02Williams Thomas
Director
 Award / grant 104$324.14$33,7491,369
2026-10-02Thaman Michael H
Director
 Award / grant 104$324.14$33,7495,831
2026-10-02Gamgort Robert James
Director
 Award / grant 104$324.14$33,749691
2026-10-02Anderson Kerrii B
Director
 Award / grant 31$324.14$10,0001,110
2026-08-18Binns Justin T
President, Glob. Architectural
 Gift 813——21,124
2026-08-17Binns Justin T
President, Glob. Architectural
 Option exercise 13,500$90.04$1.2M35,437
2026-08-17Binns Justin T
President, Glob. Architectural
 Open-market sale 13,500$352.70$4.8M21,937
2026-08-17Binns Justin T
President, Glob. Architectural
 Option exercise 13,500$90.04$1.2M0
2026-08-07Jorgenrud Karl J
President, Glob. Industrial
 Option exercise 90$127.98$11,51819,830
2026-08-07Jorgenrud Karl J
President, Glob. Industrial
 Open-market sale 7,886$368.30$2.9M11,944
2026-08-07Jorgenrud Karl J
President, Glob. Industrial
 Option exercise 90$127.98$11,5184,260
2026-07-06Williams Thomas
Director
 Award / grant 96$350.40$33,7511,262

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired8661$222,500
GiftDisposed1813—
Open-market saleDisposed221,386$7.7M
Option exerciseAcquired213,590$1.2M
Option exerciseDisposed213,590$1.2M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 4 notices · 26,875 shares · $9.7M
FiledFilerShares proposedEst. proceeds
2026-08-17Binns Justin T13,500$4.8M
2026-08-07Jorgenrud Karl J7,886$2.9M
2026-02-24Young Bryan J2,513$915,913
2026-02-02Davie Colin M.2,976$1.1M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 14 trades (7 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-04Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-06-02Ro KhannaHousePurchase$1,001 - $15,0002026-07-08
2026-05-12Maria Elvira SalazarHouseSale$1,001 - $15,0002026-06-09
2025-08-01Shelley Moore CapitoSenatePurchase$1,001 - $15,0002025-09-03
2025-08-01Shelley Moore CapitoSenatePurchase$1,001 - $15,0002025-09-03
2025-08-01Shelley Moore CapitoSenatePurchase$1,001 - $15,0002025-09-03
2025-08-01Shelley Moore CapitoSenatePurchase$1,001 - $15,0002025-09-02
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.17,716,320$6.1B7.30%
STATE STREET CORP15,564,560$5.4B6.41%
VANGUARD CAPITAL MANAGEMENT LLC15,148,139$5.2B6.24%
FMR LLC7,420,526$2.6B3.06%
VANGUARD PORTFOLIO MANAGEMENT LLC5,432,651$1.9B2.24%
GEODE CAPITAL MANAGEMENT, LLC5,246,200$1.8B2.16%
NORGES BANK4,019,051$1.4B1.66%
Capital Research Global Investors2,892,276$995.9M1.19%
WELLINGTON MANAGEMENT GROUP LLP2,784,679$958.8M1.15%
MORGAN STANLEY2,772,859$954.8M1.14%
JPMORGAN CHASE & CO2,471,106$850.8M1.02%
PRICE T ROWE ASSOCIATES INC /MD/2,444,559$841.7M1.01%
Capital World Investors2,250,204$774.8M0.93%
Clearbridge Investments, LLC2,170,897$747.5M0.89%
D. E. Shaw & Co., Inc.2,100,884$723.4M0.87%

Institutional ownership by quarter

2023-092026-0683.2%
% of shares held by 13F filers
2023-092026-061,750
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,75083.2%178571729112
2026-03-311,70379.8%142549740137
2025-12-311,72382.0%234530705115
2025-09-301,64381.6%131562654118
2025-06-301,65783.7%121655604101
2025-03-311,65882.8%135606638130
2024-12-311,68483.0%211611585149
2024-09-301,65280.7%20456162877
2024-06-301,54281.2%125588561146
2024-03-311,58780.7%17851563388
2023-12-311,51581.0%22450156093
2023-09-301,40681.5%13751249579

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.0%17,407,509
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-01-30SCHEDULE 13G/AThe Vanguard Group9.4%23,237,722
2025-02-04SCHEDULE 13GSTATE STREET CORPORATION6.3%15,912,217
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.11%$2.5B
VTSAX0.11%$2.5B
VSMPX0.11%$2.5B
VTI0.11%$2.5B
VOO0.11%$1.9B
VFIAX0.11%$1.9B

Share structure

Shares outstanding242,758,151
Float227,091,370
Free float93.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$19.9B$22.1B$23.1B$23.1B$23.6B
Cost of revenue$11.4B$12.8B$12.3B$11.9B$12.0B
Gross profit$8.5B$9.3B$10.8B$11.2B$11.5B
R&D$0$0$0$0$0
SG&A$5.9B$6.3B$7.1B$7.4B$7.7B
Operating income$2.7B$3.0B$3.6B$3.8B$3.8B
EBITDA$3.2B$3.5B$4.1B$4.5B$4.4B
Pretax income$2.2B$2.6B$3.1B$3.5B$3.3B
Income tax$384.2M$553.0M$721.1M$770.4M$769.7M
Net income$1.9B$2.0B$2.4B$2.7B$2.6B
EPS, diluted$6.98$7.72$9.25$10.55$10.27
Diluted shares267.1M261.8M258.3M254.1M248.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$165.7M$198.8M$276.8M$210.4M$207.2M
Receivables$2.4B$2.6B$2.5B$2.4B$2.8B
Inventory$1.9B$2.6B$2.3B$2.3B$2.3B
Total current assets$5.1B$5.9B$5.5B$5.4B$6.0B
PP&E, net$3.7B$4.1B$4.7B$5.5B$4.1B
Goodwill & intangibles$11.1B$11.6B$11.5B$11.1B$12.0B
Total assets$20.7B$22.6B$23.0B$23.6B$25.9B
Accounts payable$2.4B$2.4B$2.3B$2.3B$2.4B
Total current liabilities$5.7B$6.0B$6.6B$6.8B$6.9B
Long-term debt$8.6B$9.6B$8.4B$8.2B$10.9B
Total liabilities$18.2B$19.5B$19.2B$19.6B$21.3B
Shareholders' equity$2.4B$3.1B$3.7B$4.1B$4.6B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.9B$2.0B$2.4B$2.7B$2.6B
Depreciation & amortization$572.6M$581.1M$622.5M$624.0M$676.9M
Stock-based compensation$97.7M$99.7M$115.9M$138.1M$123.5M
Change in working capital−$653.3M−$1.2B−$192.9M−$503.9M$0
Operating cash flow$2.2B$1.9B$3.5B$3.2B$3.5B
Capital expenditure−$372.0M−$644.5M−$888.4M−$1.1B−$797.6M
Free cash flow$1.9B$1.3B$2.6B$2.1B$2.7B
Investing cash flow−$476.4M−$1.6B−$1.0B−$1.2B−$2.0B
Net debt issued / repaid$1.3B$1.2B−$433.8M$272.9M$0
Buybacks−$2.8B−$883.2M−$1.4B−$1.7B$0
Dividends paid−$587.1M−$618.5M−$623.7M−$723.4M−$789.8M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin42.8%42.1%46.7%48.5%48.9%
Operating margin13.4%13.5%10.8%16.3%16.1%
Net margin9.3%9.1%10.4%11.6%10.9%
FCF margin9.4%5.8%11.4%9.0%11.3%
ROE61.7%72.9%70.1%69.0%59.4%
ROIC16.0%15.3%12.6%18.5%15.5%
ROA9.1%9.3%10.5%11.5%10.4%
Debt / equity4.724.033.182.943.16
Interest coverage7.5x7.4x8.3x9.0x8.1x
Current ratio0.880.990.830.790.87
Revenue growth+8.6%+11.1%+4.1%+0.2%+2.1%
EPS growth−5.0%+10.1%+19.9%+13.5%−2.2%
P/E at year end48.2x29.8x33.0x31.9x31.4x
EV / EBITDA at year end32.1x20.4x21.8x21.7x21.6x
FCF yield at year end2.08%2.12%3.34%2.43%3.29%
Dividend payout31.5%30.6%26.1%27.0%30.7%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Paint Stores Group——$12.8B$13.2B$13.6B
The Americas Group$11.2B$12.7B———
Consumer Group$7.1B$8.2B$8.6B$8.4B$8.6B
Global Finishes Group$6.2B$7.0B$7.0B$6.9B$6.8B
Corporate And Eliminations−$4.6B−$5.7B−$5.4B−$5.4B−$5.4B

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $3.69 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$25.1B$25.0B – $25.2B$12.10$12.00 – $12.161627.7x
2027$26.2B$25.6B – $26.5B$13.53$13.09 – $13.981724.8x
2028$27.5B$26.8B – $28.2B$15.01$13.91 – $16.29822.3x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$3.52$3.70+5.1%$6.6B$6.8B+2.8%
2026-04-28$2.27$2.35+3.5%$5.6B$5.7B+1.9%
2026-01-29$2.16$2.23+3.2%$5.6B$5.6B+0.5%
2025-10-28$3.45$3.59+4.1%$6.2B$6.4B+2.5%
2025-07-22$3.76$3.38−10.1%$6.3B$6.3B+0.3%
2025-04-29$2.15$2.25+4.7%$5.4B$5.3B−1.7%
2025-01-30$2.06$2.09+1.5%$5.3B$5.3B−0.4%
2024-10-22$3.54$3.37−4.8%$6.2B$6.2B−0.6%
2024-07-23$3.48$3.70+6.3%$6.3B$6.3B−0.9%
2024-04-23$2.21$2.17−1.8%$5.5B$5.4B−2.4%
2024-01-25$1.80$1.81+0.6%$5.2B$5.3B+0.6%
2023-10-24$2.77$3.20+15.5%$6.0B$6.1B+1.6%
2023-07-25$2.69$3.29+22.3%$6.0B$6.2B+3.8%
2023-04-25$1.78$2.04+14.6%$5.1B$5.4B+6.0%
2023-01-26$1.87$1.89+1.1%$5.3B$5.2B−0.7%
2022-10-25$2.56$2.83+10.5%$5.8B$6.0B+4.5%
2022-07-27$2.77$2.41−13.0%$6.0B$5.9B−2.6%
2022-04-26$1.54$1.61+4.5%$4.9B$5.0B+1.8%
2022-01-27$1.38$1.34−2.9%$4.9B$4.8B−2.9%
2021-10-26$2.10$2.09−0.5%$5.3B$5.1B−2.7%
2021-07-27$2.68$2.65−1.1%$5.5B$5.4B−2.6%
2021-04-27$1.65$2.06+24.8%$4.5B$4.7B+3.5%
2021-01-28$1.62$1.70+4.9%$4.3B$4.5B+5.2%
2020-10-27$2.60$2.76+6.2%$4.8B$5.1B+6.3%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-151.306-220.806-290.807-060.707-130.907-201.307-270.908-030.608-100.608-170.608-240.608-31
Week ofNotionalSharesTrades
2026-08-31$609.3M1,826,48776,344
2026-08-24$574.9M1,655,10365,209
2026-08-17$639.8M1,831,61568,351
2026-08-10$636.9M1,760,74971,694
2026-08-03$938.9M2,589,64287,169
2026-07-27$1.3B3,879,060117,345

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1543.7%
DateShort shareShort volumeTotal volume
2026-10-1543.7%387,647887,462
2026-10-1437.8%146,563387,438
2026-10-1340.1%173,302432,644
2026-10-1235.2%139,264395,343
2026-10-0937.6%124,353330,882
2026-10-0833.0%192,091582,255
2026-10-0746.1%260,346564,856
2026-10-0643.3%206,049475,475
2026-10-0550.8%241,716475,432
2026-10-0252.3%252,867483,583
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.9Jan-0.3Feb+0.7Mar+4.2Apr+1.4May-1.5Jun+3.4Jul+2.0Aug-0.7Sep+1.2Oct+6.1Nov+0.7Dec
MonthAvg returnUp yearsYears
Jan+0.9%65%20
Feb−0.3%45%20
Mar+0.7%52%21
Apr+4.2%70%20
May+1.4%65%20
Jun−1.5%35%20
Jul+3.4%65%20
Aug+2.0%60%20
Sep−0.7%55%20
Oct+1.2%50%20
Nov+6.1%90%20
Dec+0.7%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.4
MFI66.6
ADX18.2
Stochastic %K / %D72.0 / 61.1
Williams %R-26.7
CCI179
TSI / signal-2.1 / -11.4
Chaikin money flow0.18
ATR$8.17
Bollinger width7.1%
Volume vs 20-day avg0.82x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$324.41 (+3.3%)
SMA 50$334.02 (+0.4%)
SMA 200$332.94 (+0.7%)
EMA 21$325.92 (+2.8%)
EMA 50$329.18 (+1.8%)
EMA 200$332.62 (+0.8%)
Bollinger upper$335.98 (−0.2%)
Bollinger lower$312.83 (+7.2%)
Parabolic SAR$311.69 (+7.5%)
Open the live chart, 110+ indicators

About The Sherwin-Williams Company

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.

https://www.sherwin-williams.com

Key executives

NameTitlePayBorn
Heidi G. PetzChairman, Chief Executive Officer & President$4.2M1975
Benjamin E. MeisenzahlSenior Vice President of Finance & Chief Financial Officer$2.0M1982
Karl J. JorgenrudPresident of Global Industrial$1.8M1977
Justin T. BinnsPresident of Global Architectural$1.6M1976
Mary L. GarceauSenior Vice President, Chief Legal Officer & Secretary$1.6M1973
Colin DaviePresident and GM of Global Supply Chain Division & Consumer Brands Group—1969
J. Paul LangSenior Vice President of Enterprise Finance & Chief Accounting Officer—1977
James R. JayeSenior Vice President of Investor Relations & Corporate Communications——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Heidi G. Petz Chair, President and CEO2025$1.4M$6.5M$2.4M$14.9M
Allen J. Mistysyn Former Senior Vice President – Finance and CFO2025$987,616$2.5M$1.1M$6.3M
Karl J. Jorgenrud President, Global Industrial2025$791,923$1.5M$799,760$4.2M
Justin T. Binns President, Global Architectural2025$791,924$1.5M$644,800$4.0M
Mary L. Garceau Senior Vice President – Chief Legal Officer and Secretary2025$767,941$1.2M$668,000$3.5M

Employees

53k201861k201961k202062k202164k202264k202364k202464k2025

Dividends

Ex-dateAmountPaid
2026-08-21$0.82026-09-11
2026-05-22$0.82026-06-05
2026-03-02$0.82026-03-13
2025-11-14$0.792025-12-05
2025-08-15$0.792025-09-05
2025-05-16$0.792025-06-06
2025-03-03$0.792025-03-14
2024-11-15$0.7152024-12-06

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage66
Intangibles68
Switching costs75
Network effect50
Efficient scale85
Our component scores (0-100) and overall 69.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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