Newmont vs Sherwin-Williams
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KIRA’s take AI analyst
I put Newmont and Sherwin-Williams side by side, using each one’s latest annual report. Here is what stands out:
- Sherwin-Williams is the larger business, with $23.6B of revenue in fiscal 2025 against $22.7B for Newmont.
- Newmont grew revenue faster (21.3%, against 2.1%).
- Newmont turned more of its sales into free cash flow (32.2% FCF margin, against 11.3%).
- Newmont earned a higher return on the capital invested in it (20.6%, against 19.9%).
- Investors pay more for each dollar of Sherwin-Williams’s earnings: a P/E of 30.9x against 12.8x for Newmont.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Newmont
NEM
8/9
Revenue growth5-year growthNet marginFCF marginReturn on capitalPiotroski F-scoreNet debt / EBITDAShare count change
Sherwin-Williams
SHW
1/9
Return on equity
Side by side
Best in the row
| Latest fiscal year | NEM FY25 | SHW FY25 |
|---|---|---|
| Size | ||
| Market cap | $116.0B | $82.4B |
| Revenue | $22.7B | $23.6B |
| Free cash flow | $7.3B | $2.7B |
| Net income | $7.1B | $2.6B |
| Growth | ||
| Revenue growth | 21.3% | 2.1% |
| 5-year growth | 14.5% | 5.1% |
| Share count change | −3.5% | −1.5% |
| Profitability | ||
| Gross margin | — | 48.9% |
| Operating margin | — | — |
| Net margin | 31.3% | 10.9% |
| FCF margin | 32.2% | 11.3% |
| Return on capital | 20.6% | 19.9% |
| Return on equity | 22.2% | 59.4% |
| Balance sheet | ||
| Net debt | −$2.7B | $10.9B |
| Net debt / EBITDA | −0.2x | 2.4x |
| Dividends and buybacks | $3.4B | $2.4B |
| Valuation & quality | ||
| P/E | 12.8x | 30.9x |
| Piotroski F-score | 8 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.