StockCV
The Sherwin-Williams Company logo

The Sherwin-Williams Company

Retail-Building Materials, Hardware, Garden Supply

$319.36
-0.52%
Market cap $77.5B

Sherwin-Williams is the largest global manufacturer of paints and coatings. The company focuses on the development, manufacturing, and distribution of paint, coatings, and related products to customers ranging from professional painters and contractors to industrial manufacturers to do-it-yourself consumers.

It is a $77.5B consumer company. Revenue grew 5.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~3.2 years of free cash flow. It trades at 28.8× earnings — near the lowest of its own history.

Location
Cleveland, OH
Employees
64 249
Sector
Consumer Cyclical
Founded
1884

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation69Growth50Profitability77Health47Quality77Moat88

Strong profitability, quality and moat; Health lags behind.

Valuation69
  • P/E vs own history9th pct · 25/25
  • FCF yield4.1% · 12/25
  • P/S3.2x · 20/25
  • EV/EBITDA23.1x · 12/25
Growth50
  • Revenue CAGR4.3% · 6/25
  • Net income CAGR8.3% · 12/25
  • EPS CAGR ~5Y6.9% · 12/25
  • Fwd implied growth15.8% · 20/25
Profitability77
  • ROIC17.2% · 20/25
  • ROE62.1% · 25/25
  • Net margin11.0% · 20/25
  • Operating margin14.3% · 12/25
Health47
  • Altman Z2.75 · 18/25
  • Current ratio0.73 · 6/25
  • Interest coverage7.6x · 18/25
  • Net cash / debtD/A 40% · 5/25
Quality77
  • Piotroski F6/9 · 15/25
  • Beneish M-2.59 · 25/25
  • FCF conversion120% · 25/25
  • Margin stabilityσ 12.2% · 12/25
Moat88
  • ROIC >12% years9/10 yrs · 25/25
  • Median gross margin46.0% · 20/25
  • FCF-positive years10/10 yrs · 25/25
  • Worst-year net marginworst 6.3% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2024Financial
    Best year on record
    $2.68B net income
  2. 2023Product
    Sherwin-Williams has created more than 35,000 color names for paint over its history
  3. FY2016Financial
    Profitable every year on record
    10 consecutive profitable years in our data
  4. FY2016Financial
    Revenue already above $10B
    $11.9B in first reported year
  5. FY2016Financial
    Positive free cash flow every year since
    10-year streak
  6. 2016Acquisition
    Sherwin-Williams acquired the Valspar Corporation for $11.3 billion
  7. 2016Milestone
    The first paint registered as microbicidal with the United States Environmental Protection Agency was…
  8. 2012Acquisition
    Sherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount
  9. Jul 6, 2011Acquisition
    Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high…
  10. 2007Acquisition
    Sherwin-Williams announced that it had completed an acquisition of M.A
  11. 2004Acquisition
    Sherwin-Williams acquired Paint Sundry Brands for $295 million and Duron Inc
  12. 1941Product
    Sherwin-Williams introduced Kem-Tone, a water-based fast-drying interior paint and the Sherwin-Williams…
  13. 1884Founded
    Sherwin-Williams was incorporated in Ohio on July 16, 1884, two years after Osborn sold his interest in the company…
  14. 1873Acquisition
    For its first factory, in 1873 the company acquired a cooperage in Cleveland from Standard Oil

Achievements

Verifiable track record, straight from the reported numbers.

#14 largest of 99 Consumer Cyclical companies by market cap
Dividend Aristocrat — 45+ straight annual increases
$10 000 invested in 2021 would be worth ~$10 623 today — price return only
$23.6B revenue in FY2025
Revenue up 5.8% year over year
Profitable 10 years in a row
Positive free cash flow 10 years in a row
64 249 employees
ROIC of 17.2%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (49.0%)
  • Interest covered 7.6× by operating earnings
  • High returns on invested capital (ROIC 17.2%)

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

11 of 11 checks passed
  • Revenue growing+5.8% YoY
  • Profitable$2.69B TTM
  • Profit growing+9.9% YoY
  • Generates cash$3.21B TTM
  • Debt under control~3.2y of cash flow to repay
  • Established company$77.5B market cap
  • Not printing shares-9.2% shares over ~5y
  • Proven track record10/10 profitable years
  • Financially stableAltman Z 2.7 — grey
  • Pays a dividendyield 1.01%
  • Valuation not extremeP/E 28.8
Peer comparisonThe Sherwin-Williams Company vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
SHW this company$77.5B28.8+5.8%11.0%Mixed
AMZN Amazon.Com Inc$2.8T20.9+15.8%17.4%Mixed
TSLA Tesla, Inc.$1.5T397.1+11.8%3.7%Strong
NFLX NetFlix Inc$292.8B21.4+16.0%28.2%Solid
HD Home Depot, Inc.$290.4B20.4-16.0%8.7%Solid
DIS The Walt Disney Company$186.5B21.7+4.6%8.7%Solid
MCD McDonald's Corporation$166.9B18.9+6.3%31.7%Strained

Head-to-head: SHW vs AMZN · SHW vs TSLA · SHW vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 5Buy 13Hold 14

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SHW on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $319.36 · market cap $77.5B.