The Sherwin-Williams Company, founded in 1866 and incorporated in Ohio in 1884, is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe, Asia and Australia. Our principal executive offices are located at 1 Sherwin Way, Cleveland, Ohio 44113-2206, telephone (216) 566-2000. As used in this report, the terms “Sherwin-Williams,” “Company,” “we”, “us” and “our” mean The Sherwin-Williams Company and its consolidated subsidiaries. Available Information We make available free of charge on or through our website our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to these reports, as soon as reasonably practicable after we electronically file such material with, or furnish such material to, the Securities and Exchange Commission (SEC).
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Paint Stores Group | $10.62B | $11.96B | $12.84B | $13.19B | $13.61B | 32% |
Operating Segments | $11.22B | $12.66B | $12.84B | $13.19B | $13.61B | 32% |
Performance Coatings Group | $6.00B | $6.79B | $6.84B | $6.80B | $6.80B | 16% |
Intersegment transfers | $-150M | $5.21B | $5.23B | $5.30B | $5.39B | 13% |
Consumer Brands Group | $3.32B | $3.39B | $3.37B | $3.11B | $3.17B | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 23.6B | 23.6B | 23.1B | 23.1B | 22.1B | 19.9B |
| Net Income | 2.6B | 2.6B | 2.7B | 2.4B | 2.0B | 1.9B |
| EPS | $10.26 | $10.26 | $10.55 | $9.25 | $7.72 | $6.98 |
| Free Cash Flow | 2.7B | 2.7B | 2.1B | 2.6B | 1.3B | 1.9B |
| ROIC | 19.2% | 20.5% | 22.6% | 24.6% | 20.1% | 21.8% |
| Gross Margin | 48.8% | 48.8% | 48.5% | 46.7% | 42.1% | 42.8% |
| Debt/Equity | 2.36 | 2.36 | 2.44 | 2.65 | 3.41 | 3.95 |
| Dividends/Share | $3.15 | $3.16 | $2.86 | $2.42 | $2.40 | $2.20 |
| Operating Income | 3.8B | 3.8B | 3.9B | 4.2B | 3.4B | 3.1B |
| Operating Margin | 16.1% | 16.1% | 16.7% | 18.1% | 15.3% | 15.5% |
| ROE | 55.9% | 59.4% | 69.0% | 64.3% | 65.1% | 76.5% |
| Shares Outstanding | 250M | 250M | 254M | 258M | 262M | 267M |
SHERWIN WILLIAMS CO passes 6 of 9 quality checks, suggesting mixed fundamentals.
SHERWIN WILLIAMS CO trades at 32.6x trailing earnings, compared to its 15-year median P/E of 31.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 31.2x vs a median of 36.1x. The company's 5-year average ROIC is 21.9% with a gross margin of 45.8%. Total shareholder yield (dividends + buybacks) is 2.9%. At current prices, the estimated annualized return to fair value is +3.3%.
SHERWIN WILLIAMS CO (SHW) has a current P/E ratio of 32.6, compared to its historical median P/E of 31.7. The stock is currently considered Fair based on its historical valuation range.
SHERWIN WILLIAMS CO (SHW) has a 5-year average return on invested capital (ROIC) of 21.9%. This indicates strong capital allocation and a potential competitive advantage.
SHERWIN WILLIAMS CO (SHW) has a market capitalization of $83.7B. It is classified as a large-cap stock.
Yes, SHERWIN WILLIAMS CO (SHW) pays a dividend with a trailing twelve-month yield of 0.94%. The company also returns capital through share buybacks, with a buyback yield of 1.98%.
Based on historical P/E analysis, SHERWIN WILLIAMS CO (SHW) appears fair. The current P/E of 32.6 is 3% above its historical median of 31.7. The estimated fair value CAGR (P/E method) is 12.5%.
SHERWIN WILLIAMS CO (SHW) operates in the Retail-Building Materials, Hardware, Garden Supply industry, within the Consumer Cyclical sector.
SHERWIN WILLIAMS CO (SHW) reported annual revenue of $23.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
SHERWIN WILLIAMS CO (SHW) has a net profit margin of 10.9%. This is a healthy margin.
SHERWIN WILLIAMS CO (SHW) generated $2.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SHERWIN WILLIAMS CO (SHW) has a debt-to-equity ratio of 2.36. This indicates higher leverage, which may increase financial risk.
SHERWIN WILLIAMS CO (SHW) reported earnings per share (EPS) of $10.26 in its most recent fiscal year.
SHERWIN WILLIAMS CO (SHW) has a return on equity (ROE) of 59.4%. This indicates the company generates strong returns for shareholders.
SHERWIN WILLIAMS CO (SHW) has a 5-year average gross margin of 45.8%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for SHERWIN WILLIAMS CO (SHW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SHERWIN WILLIAMS CO (SHW) has a book value per share of $18.37, based on its most recent annual SEC filing.
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