Sherwin-Williams
SHW NYSE· Specialty Chemicals
Last close · Oct 26, 2026
$335.16
KIRA · Stoqly’s AI analyst, in plain words
- Sherwin-Williams had $23.6B of revenue in fiscal 2025, up 2.1% on the year before. Over five years, revenue changed +5.1% a year on average.
- Sherwin-Williams made $2.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 11.0% a year.
- Free cash flow was $2.7B in fiscal 2025, 11.3% of revenue.
- Sherwin-Williams returned $2.4B to shareholders in fiscal 2025, 92% of free cash flow. The diluted share count fell 1.5%.
- Sherwin-Williams owes $10.9B more than it holds in cash, about 2.4 years of operating profit.
Market cap
$82.4B
P/E
30.9x
Revenue
$23.6B
Net income
$2.6B
Free cash flow
$2.7B
Operating margin
—
Sherwin-Williams in 30 seconds · fiscal 2025
Are sales growing?
+2.1%
Only a little. Sales grew 2.1% last year.
Does it make a profit?
10.9%
Yes. It keeps 10.9% of every sale as profit.
Does profit turn into cash?
11.3%
Yes. 11.3% of sales ends up as free cash.
Is debt under control?
2.4x
Keep an eye on it. Repaying its debt would take 2.4 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
30.9x
One share costs 30.9 times its yearly profit per share. Typical for its sector: 20.1x.
What Sherwin-Williams does
Sherwin-Williams makes and sells paint, coatings and related products to professional painters, industrial and commercial customers, and homeowners. Most of its business is in North and South America, with operations also in the Caribbean, Europe, Asia and Australia. Its brands include Sherwin-Williams, Valspar, Dutch Boy, Krylon and Minwax. It has three segments. Paint Stores Group runs 4,853 company-owned paint stores in the United States, Canada and the Caribbean, serving contractors and do-it-yourself homeowners. Consumer Brands Group makes paints, stains and other products for home centers, hardware stores and dealers, and makes most of what the stores sell. About 63% of its sales are transfers to other Sherwin-Williams segments, mainly the stores. Performance Coatings Group sells industrial coatings for wood, metal and plastic, car repair paint, protective and marine coatings, and resins.
Biggest risks, in its own words
- Economic downturns, especially in cyclical parts of the economy, that reduce demand for its products.
- Shortages and higher prices for raw materials and energy.
- Losing one of its largest customers.
- Trouble integrating acquisitions or expanding into South America, Asia and Europe.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- THE SHERWIN-WILLIAMS COMPANY
- CIK
- 0000089800
Sherwin-Williams · SHW
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $19.9B | $22.1B | $23.1B | $23.1B | $23.6B |
| Revenue growth | 8.6% | 11.1% | 4.1% | 0.2% | 2.1% |
| Gross margin | 42.8% | 42.1% | 46.7% | 48.5% | 48.9% |
| Operating margin | 15.5% | 15.3% | 18.1% | — | — |
| Net income | $1.9B | $2.0B | $2.4B | $2.7B | $2.6B |
| Net margin | 9.4% | 9.1% | 10.4% | 11.6% | 10.9% |
| Diluted EPS | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 |
| Cash | |||||
| Cash from operations | $2.2B | $1.9B | $3.5B | $3.2B | $3.5B |
| Capital expenditure | $372M | $645M | $888M | $1.1B | $798M |
| Free cash flow | $1.9B | $1.3B | $2.6B | $2.1B | $2.7B |
| FCF margin | 9.4% | 5.8% | 11.4% | 9.0% | 11.3% |
| Dividends paid | $587M | $619M | $624M | $723M | $790M |
| Share buybacks | $2.8B | $883M | $1.4B | $1.7B | $1.7B |
| Share count change | −3.2% | −2.0% | −1.3% | −1.6% | −1.5% |
| Debt and strength | |||||
| Cash and short-term investments | $166M | $199M | $277M | $210M | $207M |
| Debt incl. finance leases | $9.6B | $10.6B | $9.9B | $10.1B | $11.1B |
| Shareholders' equity | $2.4B | $3.1B | $3.7B | $4.1B | $4.6B |
| Net debt / EBITDA | 2.6x | 2.6x | 2.0x | 2.2x | 2.4x |
| Current ratio | 0.9x | 1.0x | 0.8x | 0.8x | 0.9x |
| Interest coverage | 9.2x | 8.7x | 10.0x | 9.3x | 8.2x |
| Returns and quality | |||||
| Return on capital | 21.5% | 21.0% | 23.9% | 22.1% | 19.9% |
| Return on equity | 61.7% | 72.9% | 70.1% | 69.1% | 59.4% |
| Piotroski F-score | 5 | 6 | 7 | 7 | 6 |
| Altman Z'' | 1.3 | 1.7 | 1.9 | 1.9 | 1.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$9.7M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Sherwin-Williams · SHW
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Sherwin-Williams SHW | $82.4B | 2.1% | — | 11.3% | 19.9% | 30.9x | 6 |
| LyondellBasell LYB | — | −9.7% | −1.4% | 1.3% | −1.9% | — | — |
| Ecolab ECL | $81.5B | 2.2% | 17.0% | 11.8% | 13.8% | 38.8x | 5 |
| PPG Industries PPG | $24.7B | 0.2% | — | 7.3% | 14.4% | 15.7x | 7 |
| Westlake WLK | $8.4B | −8.0% | −14.1% | −4.7% | −10.0% | — | 3 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $335.16 a share, the company is worth $82.4B: 30.9 times its earnings of the last four quarters.
Sherwin-Williams grew sales faster than 3 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000089800). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.