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Sherwin-Williams Company
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Sherwin-Williams Company Competitors & Alternatives

Sherwin-Williams Company competitors and alternatives include DuPont de Nemours, Ecolab, etc.…

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Company
Company
Ticker
SHW
DD
ECL
Headquarter
Cleveland ,OH
US
Wilmington ,DE
US
Saint Paul ,MN
US
CEO
Heidi G. Petz
Lori D. Koch
Christophe Beck
Industry
Chemicals - Specialty
Chemicals - Specialty
Chemicals - Specialty
Stock Price
Stock Price
Market Cap
Market Cap
$88.45 B
$18.35 B
$77.54 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 64.37 K
  • 64.09 K
  • 63.89 K
  • 23.00 K
  • 24.00 K
  • 24.00 K
  • 47.00 K
  • 48.00 K
  • 48.00 K
Y/Y
4.45%
0.43%
0.31%
17.86%
4.35%
0%
0%
2.13%
0%

Income Statement

Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Revenue
  • $22.15 B
  • $23.05 B
  • $23.10 B
  • $13.02 B
  • $12.07 B
  • $12.39 B
  • $14.19 B
  • $15.32 B
  • $15.74 B
Y/Y
11.05%
4.08%
0.2%
3.59%
7.29%
2.64%
11.42%
7.98%
2.75%
Revenue by Products / Services
Years
  • 2024
  • 2024
  • 2024
Revenue by Geography
Years
  • 2025
  • 2024
  • 2024
Research and Development
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Research and Development
  • -
  • -
  • -
  • $536.00 M
  • $508.00 M
  • $531.00 M
  • $190.00 M
  • $192.00 M
  • $207.00 M
Y/Y
0%
0%
0%
3.77%
5.22%
4.53%
2.15%
1.05%
7.81%
Operating Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income
  • $3.00 B
  • $3.61 B
  • $3.76 B
  • $2.02 B
  • $1.72 B
  • $1.83 B
  • $1.61 B
  • $2.16 B
  • $2.61 B
Y/Y
12.61%
20.19%
4.31%
8.13%
15.08%
6.52%
4.45%
34.25%
20.91%
Tax Rate (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 21.49%
  • 23.19%
  • 22.32%
  • 26.73%
  • -5.75%
  • 34.73%
  • 17.46%
  • 20.65%
  • 17.09%
Y/Y
25.78%
7.89%
3.75%
62.84%
121.53%
703.61%
8.64%
18.3%
17.26%
Net Income
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income
  • $2.02 B
  • $2.39 B
  • $2.68 B
  • $5.87 B
  • $423.00 M
  • $703.00 M
  • $1.09 B
  • $1.37 B
  • $2.11 B
Y/Y
8.35%
18.25%
12.25%
9.26%
92.79%
66.19%
3.38%
25.7%
53.93%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $358.14 K
  • $360.42 K
  • -
  • $524.70 K
  • $516.08 K
  • -
  • $325.96 K
  • $327.95 K
  • -
Y/Y
0.35%
0.64%
100%
12.86%
1.64%
100%
7.98%
0.61%
100%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $37.11 K
  • $41.84 K
  • -
  • $18.39 K
  • $29.29 K
  • -
  • $29.20 K
  • $44.01 K
  • -
Y/Y
13.22%
12.74%
100%
91.22%
59.27%
100%
25.7%
50.72%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Assets
  • $22.59 B
  • $22.95 B
  • $23.63 B
  • $41.36 B
  • $38.55 B
  • $36.64 B
  • $21.46 B
  • $21.85 B
  • $22.39 B
Y/Y
9.33%
1.6%
2.95%
9.52%
6.78%
4.97%
1.22%
1.78%
2.48%
Total Liabilities
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $19.49 B
  • $19.24 B
  • $19.58 B
  • $14.34 B
  • $13.83 B
  • $12.84 B
  • $14.21 B
  • $13.77 B
  • $13.60 B
Y/Y
6.93%
1.3%
1.78%
23.15%
3.56%
7.12%
1.81%
3.04%
1.28%
Capital Expenditures (Capex)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$644.50 M
  • -$888.40 M
  • -$1.07 B
  • -$743.00 M
  • -$619.00 M
  • -$579.00 M
  • -$712.80 M
  • -$774.80 M
  • -$994.50 M
Y/Y
73.25%
37.84%
20.44%
16.61%
16.69%
6.46%
10.86%
8.7%
28.36%

Profitability

Operating Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 13.55%
  • 15.64%
  • 16.29%
  • 15.53%
  • 14.23%
  • 14.77%
  • 11.34%
  • 14.10%
  • 16.60%
Y/Y
1.4%
15.48%
4.1%
4.38%
8.41%
3.79%
14.25%
24.32%
17.67%
Net Income Margin (%)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 9.12%
  • 10.36%
  • 11.61%
  • 45.08%
  • 3.51%
  • 5.68%
  • 7.69%
  • 8.96%
  • 13.42%
Y/Y
2.43%
13.62%
12.02%
12.41%
92.22%
61.93%
13.29%
16.41%
49.81%
EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
EBITDA
  • $3.55 B
  • $4.15 B
  • $4.49 B
  • $3.08 B
  • $2.05 B
  • $2.75 B
  • $2.55 B
  • $3.03 B
  • $3.85 B
Y/Y
12.33%
17.06%
8.23%
0.19%
33.43%
34.44%
2.92%
19.17%
26.74%
Free Cash Flow (FCF)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $1.28 B
  • $2.63 B
  • $2.08 B
  • -$155.00 M
  • $1.57 B
  • $1.27 B
  • $1.08 B
  • $1.64 B
  • $1.82 B
Y/Y
31.89%
106.48%
20.9%
111.15%
1114.19%
19.34%
24.19%
52.19%
11.14%

Ratios

Return on Equity (ROE)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 65.12%
  • 64.29%
  • 66.19%
  • 22.09%
  • 1.74%
  • 3.01%
  • 15.09%
  • 17.06%
  • 24.12%
Y/Y
14.87%
1.28%
2.96%
9.73%
92.11%
72.81%
3.54%
13.07%
41.41%
Return on Assets (ROA)
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 8.94%
  • 10.41%
  • 11.35%
  • 14.19%
  • 1.10%
  • 1.92%
  • 5.09%
  • 6.28%
  • 9.44%
Y/Y
0.89%
16.39%
9.03%
0.29%
92.27%
74.89%
4.54%
23.5%
50.21%
Debt to Equity
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 403.21%
  • 317.82%
  • 294.07%
  • 30.39%
  • 32.13%
  • 30.71%
  • 124.74%
  • 108.56%
  • 94.58%
Y/Y
14.51%
21.18%
7.47%
28.35%
5.72%
4.41%
1.58%
12.97%
12.88%

Valuation

Enterprise Value
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value
  • $73.54 B
  • $91.19 B
  • $98.08 B
  • $38.62 B
  • $40.02 B
  • $37.29 B
  • $49.94 B
  • $64.34 B
  • $73.64 B
Y/Y
29.13%
24%
7.55%
27.23%
3.61%
6.83%
34.25%
28.84%
14.45%
Enterprise value to Revenue
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 3.32
  • 3.96
  • 4.25
  • 2.97
  • 3.32
  • 3.01
  • 3.52
  • 4.20
  • 4.68
Y/Y
36.19%
19.15%
7.34%
29.75%
11.76%
9.22%
40.99%
19.31%
11.39%
Enterprise value to EBITDA
Years
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 20.74
  • 21.97
  • 21.84
  • 12.56
  • 19.55
  • 13.55
  • 19.62
  • 21.21
  • 19.15
Y/Y
36.91%
5.93%
0.63%
27.09%
55.64%
30.7%
36.12%
8.11%
9.69%

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