Paints and coatings company developing, manufacturing, distributing, and selling coatings and related products.
Profile & Fundamentals
The Sherwin-Williams: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
The Sherwin-Williams Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. 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, including home centers and hardware stores, and dedicated dealers 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. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company operates in North America, South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.
Company profile record
Sherwin-Williams Co
Common Stock · Materials · Specialty Chemicals
Company
- Company / asset
- Sherwin-Williams Co
- Security type
- Common Stock
- Sector
- Materials
- Industry
- Specialty Chemicals
- HQ
- 🇺🇸 United States
- Head office
- 1 Sherwin Way, Cleveland, OH, United States, 44113-2206
Leadership & scale
- Chief executive
- Ms. Heidi G. Petz
- CEO year born
- 1975
- Full-time employees
- 64.2K
- Fiscal year end
- December
- IPO date
- 1985-07-01
Fundamentals snapshot
- Market Cap
- USD 79.4B
- P/E
- 29.5x
- Revenue (Q2 26)
- USD 6.8B
- Profit (Q2 26)
- USD 843.6M
- Dividend Yield
- 0.7%
- Revenue (FY 25)
- USD 23.6B
- Shares in public float
- 224.7M
- Insider ownership
- 6.36%
Reporting & identifiers
- Symbol
- SHW.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US8243481061
- Asset ID
- equity_fb74255e-7cd4-55af-9674-c7db208f3b91
Ownership
Shares Outstanding
Latest: 247.1M | Max: 286.7M | Min: 247.1M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
90.93%
224.7M latest reported shares
Insider Ownership
6.36%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 286,673,100 |
| 2018-01-01 | 283,253,700 |
| 2019-01-01 | 280,742,100 |
| 2020-01-01 | 273,804,300 |
| 2021-01-01 | 264,600,000 |
| 2022-01-01 | 260,400,000 |
| 2023-01-01 | 256,900,000 |
| 2024-01-01 | 254,100,000 |
| 2025-01-01 | 248,800,000 |
| 2026-01-01 | 247,100,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 17,475,434 | 7.2% | 2026-03-31 |
| State Street Corp | 15,597,315 | 6.43% | 2026-03-31 |
| Vanguard Capital Management, LLC | 15,144,546 | 6.24% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 7,445,293 | 3.07% | 2026-08-31 |
| FMR Inc | 6,986,106 | 2.88% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 6,192,219 | 2.55% | 2026-03-31 |
| Vanguard 500 Index Investor | 6,093,347 | 2.51% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 5,896,629 | 2.43% | 2026-03-31 |
| Geode Capital Management, LLC | 5,331,803 | 2.2% | 2026-03-31 |
| State Street®SPDR®DowJonesIndstrAvgETFTr | 5,075,224 | 2.09% | 2026-08-31 |
| NORGES BANK | 4,019,051 | 1.66% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 3,987,023 | 1.64% | 2026-03-31 |
| AllianceBernstein L.P. | 3,574,736 | 1.47% | 2026-03-31 |
| Viking Global Investors LP | 3,112,767 | 1.28% | 2026-03-31 |
| iShares Core S&P 500 ETF | 3,054,230 | 1.26% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The latest financial results tell a story of pricing strength overcoming sluggish volume. Second-quarter 2026 sales reached $6.79 billion, rising 7.5% as price increases and specialty industrial coatings offset subdued residential repainting. Net income expanded to $844 million, showing that professional painting contractors continue absorbing price hikes to ensure steady paint supply for active jobs. Beneath headline revenue, underlying growth relies more on price than physical gallons sold. However, cash generation remains stellar, with trailing free cash flow reaching $3.21 billion. This reliable cash stream confirms that the company's captive retail stores provide high-quality recurring profitability, insulating business cash flows from broader housing transaction slowdowns.
The latest financial results tell a story of pricing strength overcoming sluggish volume. Second-quarter 2026 sales reached $6.79 billion, rising 7.5% as price increases and specialty industrial coatings offset subdued residential repainting. Net income expanded to $844 million, showing that professional painting contractors continue absorbing price hikes to ensure steady paint supply for active jobs. Beneath headline revenue, underlying growth relies more on price than physical gallons sold. However, cash generation remains stellar, with trailing free cash flow reaching $3.21 billion. This reliable cash stream confirms that the company's captive retail stores provide high-quality recurring profitability, insulating business cash flows from broader housing transaction slowdowns.
Revenue, Net Income, and Free Cash Flow
Latest: USD 23.6B | Max: USD 23.6B | Min: USD 1.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 31x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability showcases the company's legendary pricing power across commodity cycles. Gross margins reached 48.9% in fiscal 2025 and exceeded 49% in mid-2026 as price increases counteracted rising raw material expenses. The core Paint Stores network demonstrated that professional painters accept higher prices because paint represents only a small fraction of their total project billing. Historically, price increases remain permanent even after chemical and resin prices drop, creating a powerful margin ratchet over time. While recent surges in crude oil over $100 per barrel create short-term cost pressure, the company's ability to protect unit profits ensures operating margins will expand rapidly once energy prices stabilize.
Profitability showcases the company's legendary pricing power across commodity cycles. Gross margins reached 48.9% in fiscal 2025 and exceeded 49% in mid-2026 as price increases counteracted rising raw material expenses. The core Paint Stores network demonstrated that professional painters accept higher prices because paint represents only a small fraction of their total project billing. Historically, price increases remain permanent even after chemical and resin prices drop, creating a powerful margin ratchet over time. While recent surges in crude oil over $100 per barrel create short-term cost pressure, the company's ability to protect unit profits ensures operating margins will expand rapidly once energy prices stabilize.
Profitability Margins
Latest: 48.9% | Max: 49.9% | Min: 6.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
48.9%
Gross profit / revenue
Operating Margin
16.1%
Operating income / revenue
Net Margin
10.9%
Net income / revenue
FCF Margin
11.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 11,855,602,000 | 1,132,703,000 | 1,069,546,000 |
| 2017-12-31 | 14,983,788,000 | 1,772,262,000 | 1,661,200,000 |
| 2018-12-31 | 17,534,493,000 | 1,108,746,000 | 1,692,700,000 |
| 2019-12-31 | 17,900,800,000 | 1,541,300,000 | 1,992,400,000 |
| 2020-12-31 | 18,361,700,000 | 2,030,400,000 | 3,104,800,000 |
| 2021-12-31 | 19,944,600,000 | 1,864,400,000 | 1,872,600,000 |
| 2022-12-31 | 22,148,900,000 | 2,020,100,000 | 1,275,400,000 |
| 2023-12-31 | 23,051,900,000 | 2,388,800,000 | 2,633,500,000 |
| 2024-12-31 | 23,098,500,000 | 2,681,400,000 | 2,083,200,000 |
| 2025-12-31 | 23,574,300,000 | 2,568,500,000 | 2,654,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 31.39 | Trailing four quarters |
| 2024-12-31 | 32.21 | Trailing four quarters |
| 2023-12-31 | 33.54 | Trailing four quarters |
| 2022-12-31 | 30.59 | Annual net income |
| 2021-12-31 | 49.98 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 49.94 | 14.45 | 9.55 | 9.02 |
| 2017-12-31 | 44.84 | 11.34 | 11.83 | 11.09 |
| 2018-12-31 | 42.31 | 10.78 | 6.32 | 9.65 |
| 2019-12-31 | 44.89 | 13.55 | 8.61 | 11.13 |
| 2020-12-31 | 47.29 | 15.54 | 11.06 | 16.91 |
| 2021-12-31 | 42.83 | 13.36 | 9.35 | 9.39 |
| 2022-12-31 | 42.1 | 13.55 | 9.12 | 5.76 |
| 2023-12-31 | 46.67 | 16.02 | 10.36 | 11.42 |
| 2024-12-31 | 48.47 | 16.29 | 11.61 | 9.02 |
| 2025-12-31 | 48.94 | 16.14 | 10.9 | 11.26 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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