The Sherwin-Williams Company
Retail-Building Materials, Hardware, Garden Supply
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.
- Website
- sherwin-williams.com
- 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.
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
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$2.68B net income
- 2023ProductSherwin-Williams has created more than 35,000 color names for paint over its history
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$11.9B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2016AcquisitionSherwin-Williams acquired the Valspar Corporation for $11.3 billion
- 2016MilestoneThe first paint registered as microbicidal with the United States Environmental Protection Agency was…
- 2012AcquisitionSherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount
- Jul 6, 2011AcquisitionSherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high…
- 2007AcquisitionSherwin-Williams announced that it had completed an acquisition of M.A
- 2004AcquisitionSherwin-Williams acquired Paint Sundry Brands for $295 million and Duron Inc
- 1941ProductSherwin-Williams introduced Kem-Tone, a water-based fast-drying interior paint and the Sherwin-Williams…
- 1884FoundedSherwin-Williams was incorporated in Ohio on July 16, 1884, two years after Osborn sold his interest in the company…
- 1873AcquisitionFor its first factory, in 1873 the company acquired a cooperage in Cleveland from Standard Oil
Achievements
Verifiable track record, straight from the reported numbers.
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.
- Revenue growing — the company sells more than a year ago+5.8% YoY
- Profitable — makes more than it spends$2.69B TTM
- Profit growing — earnings are higher than last year+9.9% YoY
- Generates cash — cash left after running and investing$3.21B TTM
- Debt under control — could handle its obligations~3.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$77.5B market cap
- Not printing shares — share count not ballooning — you keep your slice-9.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.7 — grey
- Pays a dividend — returns cash to shareholdersyield 1.01%
- Valuation not extreme — price not wildly above earningsP/E 28.8
Peer comparisonThe Sherwin-Williams Company vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SHW this company | $77.5B | 28.8 | +5.8% | 11.0% | Mixed |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +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.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SHW
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SHW on PreMarketPriceFigures 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.