SHWNYSERetail-Building Materials, Hardware, Garden SupplyFiscal year ends December 31
SHERWIN WILLIAMS CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026
$331.61−3.59 (-1.07%)
Close on Oct 19, 2026
- Market cap
- $81.58B
- P/E (TTM)
- 30.6
- Dividend yield
- 0.95%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
48.8%+1.6 pts over 5 years
Operating margin
–
Net margin
10.9%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.1% | +2.1% | +5.1% | +7.6% | |
| Gross profit | +2.9% | +7.3% | +5.8% | +7.6% | |
| Net income | -4.2% | +8.3% | +4.8% | +9.3% | |
| EPS, diluted | -2.7% | +9.9% | +6.9% | +10.7% | |
| Free cash flow | +27.4% | +27.7% | -3.1% | +8.1% | |
| Dividend per share | +10.5% | +9.6% | +12.1% | +13.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 82.5% | 52.5% | 59.4% | |
| Return on assets | 18.1% | 9.9% | 10.4% | |
| Current ratio | 1.28 | 1.00 | 0.87 | |
| Debt to equity | 1.04 | 2.30 | 2.36 | |
| Interest coverage | 14.0× | 9.9× | – | |
| Inventory turnover | 5.7× | 5.2× | 5.2× | |
| Capex to revenue | 2.0% | 1.7% | 3.4% | |
| Diluted shares | 283M | 276M | 250M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sherwin Williams generated $14.29B from operations and spent $15.58B on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$14.29B
Used
$15.58B
Capital expenditure$3.77B24%Dividends$3.34B21%Share buybacks$8.46B54%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.9%
×Asset turnover0.95×
×Equity multiplier5.73×
=Return on equity, FY202559.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.9% | 0.95× | 5.73× | 59.4% |
| FY2024 | 11.6% | 0.99× | 6.00× | 69.0% |
| FY2023 | 10.4% | 1.01× | 6.68× | 70.1% |
| FY2022 | 9.1% | 1.02× | 7.81× | 72.9% |
| FY2021 | 9.3% | 0.97× | 6.79× | 61.7% |
| FY2020 | 11.1% | 0.90× | 5.29× | 52.5% |
| FY2019 | 8.6% | 0.90× | 5.05× | 39.2% |
| FY2018 | 6.3% | 0.90× | 5.29× | 30.1% |
| FY2017 | 11.5% | 1.12× | 4.82× | 62.5% |
| FY2016 | 9.6% | 1.89× | 4.56× | 82.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.57B
- Cash generatingOperating cash flow above zero$3.45B
- Return on assets improvedROA up on the prior year11.7% → 10.9%
- Earnings backed by cashOperating cash flow above net income$3.45B vs $2.57B
- Less leverageLong-term debt to assets fell34.6% → 36.0%
- Better liquidityCurrent ratio rose0.79 → 0.87
- No dilutionShare count did not rise254M → 250M
- Gross margin improvedGross margin up on the prior year48.47% → 48.85%
- More efficientAsset turnover rose1.01 → 1.00