Basic Materials · Chemicals - Specialty
Price
$342.21
Market Cap
$84.4B
Employees
64,246
Beta
1.13
Avg Volume
2,076,240
CEO
Heidi G. Petz
Business Description
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.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
32.97
Stock Price: $342.21
EPS (Diluted): 10.38
EPS (Diluted): 10.38
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
17.36
Stock Price: $342.21
Total Equity: $4.60B
Shares: 248,800,000
Total Equity: $4.60B
Shares: 248,800,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
21.42
Market Cap: $84.40B
Total Debt: $12.94B
Cash: $207.20M
EBITDA: $4.40B
Total Debt: $12.94B
Cash: $207.20M
EBITDA: $4.40B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$94.2B
Market Cap: $84.40B
Total Debt: $12.94B
Cash: $207.20M
Total Debt: $12.94B
Cash: $207.20M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
48.9%
Gross Profit: $11.54B
Revenue: $23.57B
Revenue: $23.57B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
16.1%
Operating Income: $3.80B
Revenue: $23.57B
Revenue: $23.57B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
10.9%
Net Income: $2.57B
Revenue: $23.57B
Revenue: $23.57B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
55.9%
Net Income: $2.57B
Total Equity: $4.60B
Total Equity: $4.60B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
16.9%
Operating Income: $3.80B
Tax Rate: 23.1%
Equity: $4.60B
Total Debt: $12.94B
Cash: $207.20M
Tax Rate: 23.1%
Equity: $4.60B
Total Debt: $12.94B
Cash: $207.20M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.87
Current Assets: $6.01B
Current Liabilities: $6.92B
Current Liabilities: $6.92B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.81
Short-Term Debt: $2.03B
Long-Term Debt: $10.91B
Total Debt: $12.94B
Total Equity: $4.60B
Long-Term Debt: $10.91B
Total Debt: $12.94B
Total Equity: $4.60B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$94.75
Revenue: $23.57B
Shares: 248,800,000
Shares: 248,800,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$18.48
Total Equity: $4.60B
Shares: 248,800,000
Shares: 248,800,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$10.67
Operating CF: $3.45B
CapEx: -$797.60M
Shares: 248,800,000
CapEx: -$797.60M
Shares: 248,800,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.0%
Last Dividend: N/A
Stock Price: $342.21
Stock Price: $342.21
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $2.57B
Net Income: $2.57B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SHW against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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 |
| Operating Expenses | $5.9B | $6.3B | $7.2B | $7.4B | $7.7B |
| Operating Income | $2.7B | $3.0B | $3.6B | $3.8B | $3.8B |
| Net Income | $1.9B | $2.0B | $2.4B | $2.7B | $2.6B |
| EBITDA | $3.2B | $3.5B | $4.1B | $4.5B | $4.4B |
| EPS | $7.10 | $7.83 | $9.35 | $10.68 | $10.38 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $165.7M | $198.8M | $276.8M | $210.4M | $207.2M |
| Total Current Assets | $5.1B | $5.9B | $5.5B | $5.4B | $6.0B |
| Total Assets | $20.7B | $22.6B | $23.0B | $23.6B | $25.9B |
| 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 |
| Total Equity | $2.4B | $3.1B | $3.7B | $4.1B | $4.6B |
| Retained Earnings | $2.1B | $3.5B | $5.3B | $7.2B | $1.0B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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 |
| Acquisitions (net) | -$88.4M | -$1.0B | -$161.0M | -$78.9M | -$1.2B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$2.8B | -$883.2M | -$1.4B | -$1.7B | -$1.7B |
| Net Change in Cash | -$60.9M | $33.1M | $78.0M | -$66.4M | -$3.2M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:14am (21h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$24.7B $24.6B – $24.9B
|
$25.8B $25.4B – $26.2B
|
$27.1B $27.1B – $27.2B
|
$28.2B $27.6B – $28.7B
|
| EBITDA |
$5.7B $5.7B – $5.7B
|
$5.9B $5.8B – $6.0B
|
$6.2B $6.2B – $6.2B
|
$6.5B $6.3B – $6.6B
|
| Net Income |
$2.9B $2.9B – $3.0B
|
$3.3B $3.1B – $3.4B
|
$3.4B $3.4B – $4.0B
|
$4.0B $3.9B – $4.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.1% | +4.1% | +0.2% | +2.1% |
| Gross Profit Growth | +9.2% | +15.4% | +4.1% | +3.0% |
| Operating Income Growth | +12.6% | +20.2% | +4.3% | +1.1% |
| Net Income Growth | +8.4% | +18.3% | +12.2% | -4.2% |
| EBITDA Growth | +12.3% | +17.1% | +8.2% | -2.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:47pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-22 | $0.80 | 2026-04-22 | 2026-05-22 | 2026-06-05 |
| 2026-03-02 | $0.80 | 2026-02-18 | 2026-03-02 | 2026-03-13 |
| 2025-11-14 | $0.79 | 2025-10-21 | 2025-11-14 | 2025-12-05 |
| 2025-08-15 | $0.79 | 2025-07-16 | 2025-08-15 | 2025-09-05 |
| 2025-05-16 | $0.79 | 2025-04-16 | 2025-05-16 | 2025-06-06 |
| 2025-03-03 | $0.79 | 2025-02-19 | 2025-03-03 | 2025-03-14 |
| 2024-11-15 | $0.72 | 2024-10-16 | 2024-11-15 | 2024-12-06 |
| 2024-08-16 | $0.72 | 2024-07-17 | 2024-08-16 | 2024-09-06 |
| 2024-05-16 | $0.72 | 2024-04-17 | 2024-05-17 | 2024-06-07 |
| 2024-02-23 | $0.72 | 2024-02-14 | 2024-02-26 | 2024-03-08 |
| 2023-11-16 | $0.61 | 2023-10-17 | 2023-11-17 | 2023-12-08 |
| 2023-08-17 | $0.61 | 2023-07-19 | 2023-08-18 | 2023-09-08 |
| 2023-05-18 | $0.61 | 2023-04-19 | 2023-05-19 | 2023-06-02 |
| 2023-02-24 | $0.61 | 2023-02-15 | 2023-02-27 | 2023-03-10 |
| 2022-11-17 | $0.60 | 2022-10-19 | 2022-11-18 | 2022-12-02 |
| 2022-08-18 | $0.60 | 2022-07-20 | 2022-08-19 | 2022-09-09 |
| 2022-05-19 | $0.60 | 2022-04-20 | 2022-05-20 | 2022-06-03 |
| 2022-02-25 | $0.60 | 2022-02-16 | 2022-02-28 | 2022-03-11 |
| 2021-11-18 | $0.55 | 2021-10-20 | 2021-11-19 | 2021-12-03 |
| 2021-08-19 | $0.55 | 2021-07-21 | 2021-08-20 | 2021-09-10 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SHW — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30