Sherwin-Williams
Manufactures and sells architectural paints and industrial coatings through stores, retailers and branches.
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Profile
Develops and sells architectural paints, consumer brands and industrial coatings through Paint Stores, Consumer Brands and Performance Coatings. A primarily North American company-operated store network provides direct access to contractors, while retail partners and global branches distribute products to consumers and industrial customers.
Develops, manufactures and sells paints, coatings and related products through three operating segments. Paint Stores Group reaches professional contractors and do-it-yourself customers through nearly 4,900 company-operated specialty stores across the United States, Canada and the Caribbean. Consumer Brands Group supplies branded and private-label architectural paints, stains, wood finishes, aerosols, caulks and adhesives to retailers, dealers and distributors, while supporting manufacturing and logistics across the enterprise.
Performance Coatings Group sells industrial coatings worldwide for automotive refinish, packaging, coil, protective and marine, wood and general industrial applications. The model combines controlled brands, technical service and direct distribution with third-party retail channels; Suvinil adds architectural-paint operations in Brazil. Demand is tied to cyclical construction, housing and manufacturing activity, and production relies on resins, latex, pigments, solvents and containers whose costs vary with commodity and energy markets.
Company facts
Categories
Key statistics
Year to date +5.2% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 24, 2026 | D.A. Davidson | Target | $400 | ||
| Aug 3, 2026 | Guggenheim | Initiate | Buy | $400 | |
| Jul 29, 2026 | Goldman Sachs | Target | $410 | $420 | |
| Jul 29, 2026 | BMO Capital | Reiterate | Outperform | $355 | $405 |
| Jul 29, 2026 | UBS | Reiterate | Neutral | $330 | $390 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $3.52 | $3.70 | +5.1% | $6.60B | $6.79B | +2.8% | −2.93% |
| Apr 28, 2026Q1 FY26 | $2.27 | $2.35 | +3.5% | $5.56B | $5.67B | +1.9% | −1.98% |
| Jan 29, 2026Q4 FY25 | $2.16 | $2.23 | +3.2% | $5.57B | $5.60B | +0.5% | +0.02% |
| Oct 28, 2025Q3 FY25 | $3.45 | $3.59 | +4.1% | $6.20B | $6.36B | +2.5% | −2.46% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.31B | $6.31B | $6.36B | $5.60B | $5.67B | $6.79B | |
| Gross profit | $2.56B | $3.12B | $3.13B | $2.73B | $2.78B | $3.34B | |
| Operating income | $754.3M | $1.10B | $1.17B | $778.7M | $810.9M | $1.23B | |
| Net income | $503.9M | $754.7M | $833.1M | $476.8M | $534.7M | $843.6M | |
| Diluted EPS | $2.00 | $3.00 | $3.35 | $1.92 | $2.15 | $3.43 | |
| Gross margin | 48.2% | 49.4% | 49.2% | 48.8% | 49.1% | 49.2% | |
| Operating margin | 14.2% | 17.4% | 18.4% | 13.9% | 14.3% | 18.1% |
Fiscal years (4-quarter sums)FY21 $19.94B · FY22 $22.15B · FY23 $23.05B · FY24 $23.10B · FY25 $23.57B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $293.5M · Total debt $14.22B · Total assets $26.95B · Shareholders' equity $3.85B
Dividends
Raised for 39 straight years — most recently to $0.80 from $0.79 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 11 | $0.80 | |
| May 22, 2026 | May 22 | Jun 5 | $0.80 | |
| Mar 2, 2026 | Mar 2 | Mar 13 | $0.80 | raised from $0.79 |
| Nov 14, 2025 | Nov 14 | Dec 5 | $0.79 | |
| Aug 15, 2025 | Aug 15 | Sep 5 | $0.79 | |
| May 16, 2025 | May 16 | Jun 6 | $0.79 | |
| Mar 3, 2025 | Mar 3 | Mar 14 | $0.79 | raised from $0.715 |
| Nov 15, 2024 | Nov 15 | Dec 6 | $0.715 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 242.76M · Float 227.31M · 93.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 17.72M | 7.30% | 13F | Aug 7, 2026 |
| State Street Corp | 15.56M | 6.41% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 15.15M | 6.24% | 13F | Aug 13, 2026 |
| FMR LLC | 7.42M | 3.06% | 13F | Aug 13, 2026 |
| Morgan Stanley | 6.64M | 2.74% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Justin T. Binns | officer: President, Glob. Architectural | −13,500 | $352.70 |
| Aug 7, 2026 | Karl J. Jorgenrud | officer: President, Glob. Industrial | −7,886 | $368.30 |
| Feb 24, 2026 | Bryan J. Young | officer: SVP - Corp Strategy & Devel. | −2,513 | $364.47 |
| Feb 2, 2026 | Colin M. Davie | officer: Pres. & GM, Glob. Supply Chain | −2,976 | $359.50 |
Peers
- PPG Industries
Full-line coatings rival in industrial, aerospace, and architectural markets.
- Axalta Coating Systems
Focused auto refinish and mobility coatings rival, pending AkzoNobel merger.
- Masco
Behr paint parent; ~33% US DIY share via exclusive Home Depot distribution.
- RPM
Consumer and specialty coatings rival via Rust-Oleum, DAP, and Carboline.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sherwin-Williams | $344.86 | +0.01% | $83.72B | 31.8 | 27.1 | 3.4 | +7.5% |
| PPG Industries | $114.22 | +0.04% | $25.39B | 16.4 | 13.8 | 1.5 | +7.2% |
| Axalta Coating Systems | $37.29 | +0.71% | $7.92B | 22.9 | 13.5 | 1.5 | +3.1% |
| Masco | $73.25 | +0.04% | $14.44B | 16.8 | 16.8 | 1.9 | −2.9% |
| RPM | $106.65 | +0.03% | $13.62B | 20.6 | 17.7 | 1.7 | +7.2% |
| Median | 18.7 | 15.3 | 1.6 | +5.1% |