SHW logo Sherwin-Williams 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
$89.88 B
$20.97 B
$87.34 B
Employees
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Employees
  • 64.09 K
  • 63.89 K
  • 64.25 K
  • 24.00 K
  • 24.00 K
  • 15.00 K
  • 48.00 K
  • 48.00 K
  • 48.00 K
Y/Y
0.43%
0.31%
0.56%
4.35%
0%
37.5%
2.13%
0%
0%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $23.05 B
  • $23.10 B
  • $23.57 B
  • $12.07 B
  • $12.39 B
  • $6.85 B
  • $15.32 B
  • $15.74 B
  • $16.08 B
Y/Y
4.08%
0.2%
2.06%
7.29%
2.64%
44.7%
7.98%
2.75%
2.16%
Revenue by Products / Services
Years
  • 2025
  • 2024
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • $508.00 M
  • $531.00 M
  • $193.00 M
  • $192.00 M
  • $207.00 M
  • -
Y/Y
0%
0%
0%
5.22%
4.53%
63.65%
1.05%
7.81%
100%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $3.61 B
  • $3.76 B
  • $3.80 B
  • $1.72 B
  • $1.83 B
  • $860.00 M
  • $2.16 B
  • $2.61 B
  • $2.91 B
Y/Y
20.19%
4.31%
1.14%
15.08%
6.52%
52.98%
34.25%
20.91%
11.49%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 23.19%
  • 22.32%
  • 23.06%
  • -5.75%
  • 34.73%
  • 51.00%
  • 20.65%
  • 17.09%
  • 17.84%
Y/Y
7.89%
3.75%
3.31%
121.53%
703.61%
46.84%
18.3%
17.26%
4.43%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $2.39 B
  • $2.68 B
  • $2.57 B
  • $423.00 M
  • $703.00 M
  • -$779.00 M
  • $1.37 B
  • $2.11 B
  • $2.08 B
Y/Y
18.25%
12.25%
4.21%
92.79%
66.19%
210.81%
25.7%
53.93%
1.74%
Revenue Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • $360.42 K
  • $368.98 K
  • -
  • $516.08 K
  • $285.38 K
  • -
  • $327.95 K
  • $335.03 K
  • -
Y/Y
0.64%
2.38%
100%
1.64%
44.7%
100%
0.61%
2.16%
100%
Net Income Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • $41.84 K
  • $40.20 K
  • -
  • $29.29 K
  • -$32.46 K
  • -
  • $44.01 K
  • $43.24 K
  • -
Y/Y
12.74%
3.91%
100%
59.27%
210.81%
100%
50.72%
1.74%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $22.95 B
  • $23.63 B
  • $25.90 B
  • $38.55 B
  • $36.64 B
  • $21.58 B
  • $21.85 B
  • $22.39 B
  • $24.70 B
Y/Y
1.6%
2.95%
9.6%
6.78%
4.97%
41.11%
1.78%
2.48%
10.31%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $19.24 B
  • $19.58 B
  • $21.30 B
  • $13.83 B
  • $12.84 B
  • $7.47 B
  • $13.77 B
  • $13.60 B
  • $14.89 B
Y/Y
1.3%
1.78%
8.79%
3.56%
7.12%
41.82%
3.04%
1.28%
9.51%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$888.40 M
  • -$1.07 B
  • -$797.60 M
  • -$619.00 M
  • -$579.00 M
  • -$333.00 M
  • -$712.80 M
  • -$774.80 M
  • -$994.50 M
Y/Y
37.84%
20.44%
25.46%
16.69%
6.46%
42.49%
10.86%
8.7%
28.36%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 15.64%
  • 16.29%
  • 16.14%
  • 14.23%
  • 14.77%
  • 12.56%
  • 14.10%
  • 16.60%
  • 18.11%
Y/Y
15.48%
4.1%
0.9%
8.41%
3.79%
14.97%
24.32%
17.67%
9.14%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 10.36%
  • 11.61%
  • 10.90%
  • 3.51%
  • 5.68%
  • -11.37%
  • 8.96%
  • 13.42%
  • 12.91%
Y/Y
13.62%
12.02%
6.14%
92.22%
61.93%
300.39%
16.41%
49.81%
3.82%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $4.15 B
  • $4.49 B
  • $4.40 B
  • $2.05 B
  • $2.75 B
  • $1.16 B
  • $3.03 B
  • $3.85 B
  • $2.79 B
Y/Y
17.06%
8.23%
2.13%
33.43%
34.44%
57.85%
19.17%
26.74%
27.46%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $2.63 B
  • $2.08 B
  • $2.65 B
  • $1.57 B
  • $1.27 B
  • $1.08 B
  • $1.08 B
  • $1.64 B
  • $1.82 B
Y/Y
106.48%
20.9%
27.4%
1114.19%
19.34%
14.91%
24.19%
52.19%
11.14%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 64.29%
  • 66.19%
  • 0.00%
  • 1.74%
  • 3.01%
  • 0.70%
  • 17.06%
  • 24.12%
  • 21.24%
Y/Y
1.28%
2.96%
100%
92.11%
72.81%
76.61%
13.07%
41.41%
11.93%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 10.41%
  • 11.35%
  • 0.00%
  • 1.10%
  • 1.92%
  • 0.45%
  • 6.28%
  • 9.44%
  • 8.40%
Y/Y
16.39%
9.03%
100%
92.27%
74.89%
76.33%
23.5%
50.21%
10.93%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 317.82%
  • 294.07%
  • 316.08%
  • 32.13%
  • 30.71%
  • 22.95%
  • 108.56%
  • 94.58%
  • 96.50%
Y/Y
21.18%
7.47%
7.48%
5.72%
4.41%
25.28%
12.97%
12.88%
2.03%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $91.19 B
  • $98.08 B
  • $0.00
  • $40.02 B
  • $37.29 B
  • $19.22 B
  • $64.34 B
  • $73.64 B
  • $82.56 B
Y/Y
24%
7.55%
100%
3.61%
6.83%
48.45%
28.84%
14.45%
12.11%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 3.96
  • 4.25
  • 0.00
  • 3.32
  • 3.01
  • 2.81
  • 4.20
  • 4.68
  • 5.13
Y/Y
19.15%
7.34%
100%
11.76%
9.22%
6.77%
19.31%
11.39%
9.74%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 21.97
  • 21.84
  • 0.00
  • 19.55
  • 13.55
  • 196.13
  • 21.21
  • 19.15
  • 30.16
Y/Y
5.93%
0.63%
100%
55.64%
30.7%
1347.61%
8.11%
9.69%
57.45%