The Sherwin-Williams Company
- Open
- 335.21
- Day high
- 336.07
- Day low
- 330.34
- Prev close
- 331.25
- Volume
- 73K
- Mkt cap
- $80.3B
- P/E (TTM)
- 30.2
- EPS (TTM)
- $10.95
- P/B
- 20.8
- P/S
- 3.3
- Yield
- 0.73%
- Per share
- $2.40
- ▼Insiders net selling -$7.7M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
The Sherwin-Williams Company (SHW) is a Basic Materials company listed on NYSE. The stock is down 8% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering SHW.
The Sherwin-Williams Company (SHW) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SHW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 28, 2026 | $3.52 | $3.70 | +5.1% | $6.8B | +2.8% |
| Apr 28, 2026 | $2.27 | $2.35 | +3.5% | $5.7B | +1.9% |
| Jan 29, 2026 | $2.16 | $2.23 | +3.2% | $5.6B | +0.5% |
| Jul 22, 2025 | $3.76 | $3.38 | -10.1% | $6.3B | +0.3% |
| Jan 30, 2025 | $2.06 | $2.09 | +1.5% | $5.3B | -0.4% |
| Oct 22, 2024 | $3.54 | $3.37 | -4.8% | $6.2B | -0.6% |
| Jul 23, 2024 | $3.48 | $3.70 | +6.3% | $6.3B | -0.9% |
| Jan 25, 2024 | $1.80 | $1.81 | +0.6% | $5.3B | +0.6% |
| Jul 25, 2023 | $2.69 | $3.29 | +22.3% | $6.2B | +3.8% |
| Jan 26, 2023 | $1.87 | $1.89 | +1.1% | $5.2B | -0.7% |
| Jul 27, 2022 | $2.77 | $2.41 | -13.0% | $5.9B | -2.6% |
| Jan 27, 2022 | $1.38 | $1.34 | -2.9% | $4.8B | -2.9% |
SHW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 19, 2026 | Binns Justin Tofficer: President, Glob. Architectural | Option | 13,500 | $90.04 |
| Aug 19, 2026 | Binns Justin Tofficer: President, Glob. Architectural | Sell | 13,500 | $352.70 |
| Aug 11, 2026 | Jorgenrud Karl Jofficer: President, Glob. Industrial | Sell | 7,886 | $368.30 |
| Aug 11, 2026 | Jorgenrud Karl Jofficer: President, Glob. Industrial | Option | 90 | $127.98 |
| Jul 8, 2026 | Williams Thomasdirector | Grant | 96 | $350.40 |
| Jul 8, 2026 | Gamgort Robert Jamesdirector | Grant | 96 | $350.40 |
| Jul 8, 2026 | THAMAN MICHAEL Hdirector | Grant | 96 | $350.40 |
| Jul 8, 2026 | ANDERSON KERRII Bdirector | Grant | 29 | $350.40 |
| Apr 8, 2026 | ANDERSON KERRII Bdirector | Grant | 32 | $315.50 |
| Apr 8, 2026 | THAMAN MICHAEL Hdirector | Grant | 107 | $315.50 |
| Apr 8, 2026 | Williams Thomasdirector | Grant | 107 | $315.50 |
| Apr 8, 2026 | Gamgort Robert Jamesdirector | Grant | 107 | $315.50 |
| Feb 25, 2026 | Young Bryan Jofficer: SVP - Corp Strategy & Devel. | Sell | 2,513 | $364.47 |
| Feb 18, 2026 | Jaye James Rofficer: SVP - IR & Corp. Comm. | Tax | 639 | $368.59 |
| Feb 18, 2026 | Young Bryan Jofficer: SVP - Corp Strategy & Devel. | Grant | 3,900 | — |
Source: SHW SEC Form 4 filings, latest Aug 19, 2026. For informational purposes only — not investment advice.
See the full SHW insider & 13F page →The Sherwin-Williams Company company profile
Overview
The Sherwin-Williams Company (NYSE:SHW) is one of the world's largest paint and coatings manufacturers, founded in 1866 and headquartered in Cleveland, Ohio. The company has grown from a small paint shop into a global enterprise operating approximately 5,000 company-operated stores and facilities across North and South America, the Caribbean, Europe, Asia, and Australia. Sherwin-Williams has established itself as a dominant force in the paint and coatings industry through both organic growth and strategic acquisitions, serving professional contractors, industrial customers, and retail consumers with a comprehensive portfolio of architectural paints, industrial coatings, and specialty chemical products.
Business
Sherwin-Williams operates in the specialty chemicals industry, specifically focusing on the development, manufacturing, distribution, and sale of paints, coatings, and related products. The paint and coatings industry serves as a critical component in construction, manufacturing, and maintenance activities across numerous sectors including residential and commercial construction, automotive, aerospace, marine, and general industrial applications. The company operates through three primary business segments: Paint Stores Group (The Americas Group) represents the largest segment, generating approximately 60-65% of total revenue. This division operates company-owned retail stores that primarily serve professional painting contractors, architects, and do-it-yourself homeowners. The stores offer architectural paints and coatings for interior and exterior applications, protective and marine products, and original equipment manufacturer (OEM) product finishes. The residential repaint market, which includes both new construction and repainting of existing homes, forms a substantial portion of this segment's business. Consumer Brands Group accounts for roughly 15-20% of revenue and focuses on supplying branded and private-label products to major retailers and distributors. This segment produces architectural paints, stains, varnishes, wood finishes, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives that are sold through home improvement stores, mass merchandisers, and independent dealers. Products in this segment are typically marketed under various brand names and serve the do-it-yourself consumer market. Performance Coatings Group contributes approximately 20-25% of revenue and develops specialized industrial coatings for diverse applications. This includes wood finishing coatings for furniture and cabinetry, general industrial coatings for manufacturing equipment, automotive refinish products for collision repair shops, protective and marine coatings for infrastructure and vessels, coil coatings for metal building materials, packaging coatings for food and beverage containers, and performance-based resins and colorants used by other manufacturers.
Revenue model
Sherwin-Williams generates revenue primarily through direct product sales across its three business segments, with different customer bases and pricing strategies for each division. The Paint Stores Group operates on a retail model, selling directly to professional contractors and consumers through company-owned stores. This segment benefits from premium pricing due to its focus on professional-grade products, technical expertise, and customer service. Revenue drivers include volume growth from new store openings, market share gains, and price increases to offset raw material cost inflation. The professional contractor customer base typically exhibits less price sensitivity than retail consumers, allowing for better margin realization. The Consumer Brands Group operates on a wholesale model, manufacturing products that are sold to major retailers who then sell to end consumers. This segment faces more competitive pricing pressure due to the retail channel's focus on value and the presence of private-label alternatives. Revenue is driven by shelf space allocation, promotional activities, and brand recognition. The Performance Coatings Group serves industrial customers through direct sales and distributor networks. This segment often commands premium pricing due to specialized formulations and technical support services. Revenue fluctuates with industrial production cycles and capital expenditure patterns in end markets. Several factors influence the company's margins and profitability. Raw material costs, particularly titanium dioxide (a key pigment), petroleum-based resins, and solvents, represent significant input costs that can fluctuate based on commodity prices and supply chain disruptions. The company's ability to implement price increases to offset these cost pressures directly impacts margins. Labor costs and availability affect both manufacturing operations and the contractor customer base. Housing market activity, including new construction starts and existing home sales, drives demand for architectural coatings. Economic conditions influence commercial and industrial construction activity, affecting demand for specialty coatings. Weather patterns impact painting seasons and project timing, creating seasonal revenue variations.
Competitive moat
Sherwin-Williams possesses several competitive advantages that create a moderate to strong economic moat, though the sustainability of these advantages faces ongoing challenges. The company's most significant moat stems from its extensive distribution network of approximately 5,000 company-operated stores, primarily serving professional contractors. This direct-to-contractor model creates switching costs through established relationships, credit terms, color matching services, and technical support that competitors find difficult to replicate quickly. The store network also provides valuable market intelligence and customer feedback that informs product development. Brand recognition and customer loyalty represent another moat component, particularly in the professional contractor segment where Sherwin-Williams has built trust through consistent product quality and service over decades. Professional painters often specify particular brands for projects, creating some pricing power and customer stickiness. The company benefits from scale advantages in procurement, manufacturing, and research and development. Large-scale operations enable better negotiation with raw material suppliers, more efficient production runs, and the ability to invest in product innovation and technical support services that smaller competitors cannot match. However, the moat faces several challenges. The paint and coatings industry includes formidable competitors like PPG Industries, Benjamin Moore (owned by Berkshire Hathaway), and various regional players who compete aggressively on price and service. Product differentiation in basic architectural paints is limited, making the business somewhat commoditized outside of specialty applications. Raw material suppliers possess bargaining power, particularly for key inputs like titanium dioxide where supply is concentrated among few producers. The rise of e-commerce and big-box retailers has created alternative distribution channels that could potentially bypass traditional paint stores, though professional contractors continue to value the service model. Overall, Sherwin-Williams maintains a solid competitive position with meaningful barriers to entry, but the moat is not impregnable and requires continuous investment in customer relationships, product innovation, and operational efficiency to maintain its strength.
Risks & safety
Sherwin-Williams presents a moderate margin of safety profile with some concerning leverage metrics but strong cash generation capabilities. **Liquidity and Solvency Concerns:** - Current ratio of 0.77 indicates potential short-term liquidity pressure, with current liabilities exceeding current assets - Cash position of only $210 million represents minimal liquidity buffer for a company of this size - Debt-to-equity ratio of 2.94 reflects high financial leverage that could constrain flexibility during economic downturns - Quick ratio of 0.46 suggests limited ability to meet short-term obligations without inventory conversion **Positive Cash Flow Characteristics:** - Strong operating cash flow of $3.15 billion (13.7% of sales) demonstrates robust cash generation - Free cash flow of $2.08 billion provides substantial resources for debt service, dividends, and growth investments - EBITDA of $3.77 billion covers interest expenses comfortably **Valuation Metrics:** - Price-to-earnings ratio of 32.2x appears elevated for a mature industrial company - EV/EBITDA of 26.0x suggests premium valuation that offers limited downside protection - Price-to-book ratio of 21.3x indicates significant premium to tangible assets **Other Considerations:** - Cyclical business model creates earnings volatility during economic downturns - High fixed costs from store network and manufacturing facilities provide operating leverage but also downside risk - Strong market position and essential nature of paint products provide some defensive characteristics
Recent development
Over the past few years, Sherwin-Williams has pursued several strategic initiatives focused on market share expansion, operational efficiency, and geographic growth despite challenging market conditions. The company has maintained an aggressive store expansion strategy, opening 80-100 new locations annually in the U.S. and Canada, with 72 new stores opened in 2022 and similar targets for subsequent years. This expansion focuses on capturing market share in underserved markets and improving customer proximity, particularly targeting professional contractors who value convenience and service. Pricing strategy has been a key focus, with the company implementing multiple price increases to offset raw material cost inflation. Most recently, Sherwin-Williams announced a 5% price increase in the Paint Stores Group effective January 2025, following similar increases in previous years. The company has demonstrated pricing discipline and the ability to achieve 50-60% price realization historically. The company has invested heavily in digital capabilities and customer productivity tools, recognizing that helping contractors improve their efficiency creates competitive advantages. These investments include digital ordering systems, project management tools, and color matching technology that strengthen customer relationships. Strategic acquisitions continue to play a role in growth, with the recent announcement of the Suvinil acquisition in Brazil expanding the company's presence in South American markets. This follows the historical pattern of using acquisitions to enter new geographic markets and expand product portfolios. Sherwin-Williams has focused on operational simplification and cost management, implementing restructuring actions estimated to generate $50-70 million in annual savings while maintaining investments in growth initiatives. The company has also emphasized talent development, hiring approximately 1,400 management trainees annually to support expansion and succession planning. Despite challenging market conditions including soft DIY demand and delayed commercial projects, management has maintained confidence in the long-term strategy, continuing to invest in market share gains while preparing for eventual market recovery. The company has positioned itself to outperform when demand conditions improve, particularly in residential repaint and specialty coatings segments.
SHW company profile · for informational purposes only — not investment advice.
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