Sherwin-Williams Company (The) (SHW) Stock

Sherwin-Williams Company (The) (SHW) is a Consumer Discretionary stock trading at $323.22 (as of 2026-09-15), with a market capitalization of $79.51B and a trailing P/E of 29.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. The Americas Group segment offers architectural paints and coatings, and protective and marine products, as well as OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners. 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 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. It serves retailers, dealers, jobbers, licensees, and other third-party distributors through its branches and direct sales staff, as well as through outside sales representatives. The company has operations primarily in the North and South America, the Caribbean, Europe, Asia, and Australia. As of February 17, 2022, it operated approximately 5,000 company-operated stores and facilities. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

Understand Sherwin-Williams Company (The): how it makes money

Sherwin-Williams makes and sells paint, coatings, and finishes to professional contractors, industrial manufacturers, and DIY homeowners via its store network, industrial channels, and branded products. The Paint Stores Group drives 45% of revenue, with Performance Coatings and Consumer Brands adding industrial depth and branded differentiation.

Each proprietary paint store acts as a captive distribution and technical-service node, creating recurring pull from contractors who depend on in-store color matching and product availability, which makes the store network the structural moat rather than any single product.

Revenue by segment (latest quarter)
Paint Stores Group$3.0B
Performance Coatings Group$1.7B
Consumer Brands Group$0.9B

Business quality (Strong): High-quality franchise: 49% gross margin, 71% ROE, and a proprietary store network that compounds switching costs. The 57% valuation premium over the retail industry average prices in sustained execution at those levels.

Valuation: At 31× earnings, SHW trades 57% above the Retail average (20×).

Bull case

  • Refinish growth is broad and durable: Automotive refinish delivered double-digit growth in every region, pointing to structural end-of-life vehicle repair demand that does not depend on new car sales. This gives Performance Coatings a growth vector insulated from the weak new-residential market.
  • BPA regulation is a forced-switch catalyst: Management expects continued customer conversions from the European BPA ban, which mechanically shifts industrial and marine coating buyers to compliant Sherwin-Williams alternatives. This is a one-time mix upgrade that converts into recurring, higher-value revenue.

Bear case

  • Housing remains the core demand gap: New residential demand remains very challenging and most end markets show little evidence of meaningful recovery. For a company where the Paint Stores Group (45% of revenue) is tied to repainting and new construction cycles, this caps upside on the largest and most profitable segment.
  • Input costs will squeeze margins: Commodity costs are volatile and expected to pressure results later this year, and strategic supplier contracts may limit full pass-through to customers. At a 16% operating margin, even a modest unpriced cost shock hits reported earnings directly.
  • Premium valuation leaves no cushion: At 31.0x earnings versus a 20.0x retail industry average (57% above), the stock prices in sustained execution with no forgiveness for the weak-end-market environment management just described. Any further volume disappointment would compress the multiple toward the industry baseline.
Valuation — source: SEC EDGAR (first-party)
Price$323.22
Market Cap$79.51B
P/E Ratio29.6
EV / EBITDA17.5
Price / Book20.63
Price / Sales3.26
Dividend Yield1.0%
FCF Yield4.0%
DCF Value (model)$160.04
DCF Upside vs Price-50.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$23.57B
Net Margin10.9%
Return on Equity69.7%
Debt / Equity2.74
Current Ratio0.73
Revenue Growth (YoY)7.5%
EPS Growth (YoY)13.8%
FCF Growth (YoY)33.1%
Financial Health — source: SEC EDGAR
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E29.6
Sector P/E (Consumer Discretionary)19.9
Industry P/E (Retail)18.3
vs Sector48.3%
vs Industry61.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.53B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorConsumer Discretionary
IndustryRetail
CEOHeidi G. Petz
Employees63,890
CountryUS
IPO Date1980-03-17

Sherwin-Williams Company (The) earnings call transcripts

  • SHW Q1 FY26 earnings call transcript (reported 2026-04-28) · analysis
  • SHW Q4 FY25 earnings call transcript (reported 2026-01-29) · analysis
  • SHW Q2 FY25 earnings call transcript (reported 2025-07-22) · analysis
  • SHW Q4 FY24 earnings call transcript (reported 2025-01-30) · analysis
  • SHW Q3 FY24 earnings call transcript (reported 2024-10-22) · analysis
  • SHW Q2 FY24 earnings call transcript (reported 2024-07-23) · analysis

All SHW earnings calls

Related Companies (Retail; 7 comparable retailers)

  • PPG Industries, Inc. (PPG)
  • Masco Corporation (MAS)
  • The Honest Company, Inc. (HNST)
  • BARK, Inc. (BARK)
  • The Beachbody Company, Inc. (BODI)
  • Grove Collaborative Holdings, Inc. (GROV)
  • Jewett-Cameron Trading Company (JCTC)
SHW earnings history · SHW institutional & insider holders · SHW KPIs & operating metrics · SHW financials · SHW filings, presentations & press releases · SHW investor presentations & press releases · SHW SEC filings · SHW peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.