Latest revenue
$5.67B
as of 2026-03-31
Latest net income
$534.7M
as of 2026-03-31
Net margin
9.4%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $76.23B
- Enterprise value
- $87.71B
- P/E (trailing)
- 29.7×
- Forward P/E
- —
- P/B
- 17.20×
- Dividend yield
- 1.0%
- 52-wk high
- $379.65
- 52-wk low
- $294.32
- Beta
- —
- Shares out
- 246.6M
5-year trend
What this company does
Sherwin-Williams manufactures and sells paints, coatings, and related products to professional contractors, industrial customers, and DIY consumers. It generates revenue primarily through its company-owned paint stores serving pros, plus performance coatings sold to manufacturers and consumer brands distributed through retailers. Q1 2026 sales rose 7% to $5.67 billion with margins expanding, while the company aggressively bought back $576 million in stock and leaned on short-term borrowings, pushing total debt higher.
Generated from SHW's filing dated 2026-02-19
Key risks
- Rising leverage: long-term debt $9.32B plus $2.38B short-term borrowings; interest expense jumped 27% YoY to $131.6M, pressuring earnings.
- Margin squeeze: SG&A rose to 34.8% of sales (vs 33.8%), outpacing the 90bps gross margin gain and limiting operating leverage.
- Aggressive buybacks draining equity: $575.6M repurchased in Q1 alongside $197M dividends versus only $139M operating cash flow.
Generated from SHW's filing dated 2026-02-19
Profitability
Gross margin
48.8%
0.8%Net margin
10.9%
6.1%Return on equity
55.9%
22.6%Return on assets
9.9%
12.6%Leverage
Debt / equity
4.63×
13.6%Long-term debt / equity
2.03×
7.9%Debt / assets
82.2%
2.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $5.67B | +6.8% | $534.7M | +6.1% | 9.4% |
Q4 2025 2025-12-31 | $5.60B | +5.6% | $476.8M | -0.7% | 8.5% |
Q3 2025 2025-09-30 | $6.36B | +3.2% | $833.1M | +3.3% | 13.1% |
Q2 2025 2025-06-30 | $6.31B | +0.7% | $754.7M | -15.2% | 12.0% |
Q1 2025 2025-03-31 | $5.31B | -1.1% | $503.9M | -0.3% | 9.5% |
Q4 2024 2024-12-31 | $5.30B | — | $480.1M | — | 9.1% |
Q3 2024 2024-09-30 | $6.16B | +0.7% | $806.2M | +5.9% | 13.1% |
Q2 2024 2024-06-30 | $6.27B | +0.5% | $889.9M | +12.1% | 14.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Building Materials, Hardware, Garden Supply · SIC 5200
Your notes
Keep private notes on SHW — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$4.0M
Net activity
−$4.0M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-02-24 | Bryan J Young SVP - Corp Strategy & Devel. | Sale | 2,513 | $364.47 | $915.9K | |
| 2026-02-02 | Colin M. Davie Pres. & GM, Glob. Supply Chain | Sale | 2,976 | $359.50 | $1.1M |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns SHW
Institutional value
$20.40B
Total shares held
65.2M
Distinct holders
739
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 15.1M | $4.85B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.9M | $1.89B | — | New |
| 3 | WELLS FARGO & COMPANY/MN | 2.0M | $647.6M | — | New |
| 4 | Fiera Capital Corp | 1.8M | $569.0M | — | New |
| 5 | PineStone Asset Management Inc. | 1.7M | $534.2M | — | New |
| 6 | Bank of New York Mellon Corp | 1.6M | $522.9M | — | New |
| 7 | Legal & General Group Plc | 1.5M | $476.0M | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 1.4M | $454.2M | — | New |
| 9 | UBS Group AG | 1.4M | $450.6M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 1.3M | $426.7M | — | New |
| 11 | Invesco Ltd. | 1.2M | $383.0M | — | New |
| 12 | PARNASSUS INVESTMENTS, LLC | 1.1M | $340.9M | — | New |
| 13 | ENVESTNET ASSET MANAGEMENT INC | 882.8K | $283.0M | — | New |
| 14 | Mitsubishi UFJ Asset Management Co., Ltd. | 836.1K | $268.0M | — | New |
| 15 | DEUTSCHE BANK AG\ | 814.9K | $261.2M | — | New |
| 16 | Nuveen, LLC | 814.2K | $261.0M | — | New |
| 17 | HSBC HOLDINGS PLC | 801.7K | $256.9M | — | New |
| 18 | Sumitomo Mitsui Trust Group, Inc. | 787.7K | $252.5M | — | New |
| 19 | Swiss National Bank | 691.2K | $221.6M | — | New |
| 20 | National Pension Service | 679.3K | $217.8M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
SG&A grew 9.8% versus 6.8% revenue growth, compressing operating leverage—what specific cost actions reverse this deleveraging trajectory in 2026?
- 2
Short-term borrowings jumped to $2.38B and interest expense rose 27% to $131.6M; what's your refinancing plan amid rising rates?
- 3
With $575.6M in buybacks against just $139M operating cash flow, how do you justify accelerating repurchases while leveraging up?
Refreshed when SHW files a new report · last from 2026-02-19