The Sherwin-Williams Company

NYSE:SHW Stock Report

Market Cap: US$86.7b

Sherwin-Williams Past Earnings Performance

Past criteria checks 4/6

Sherwin-Williams has been growing earnings at an average annual rate of 9.1%, while the Chemicals industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 6.5% per year. Sherwin-Williams's return on equity is 61.5%, and it has net margins of 11.1%.

Key information

9.1%

Earnings growth rate

11.0%

EPS growth rate

Chemicals Industry Growth12.9%
Revenue growth rate6.5%
Return on equity61.5%
Net Margin11.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Investors Should Be Encouraged By Sherwin-Williams' (NYSE:SHW) Returns On Capital

Dec 10
Investors Should Be Encouraged By Sherwin-Williams' (NYSE:SHW) Returns On Capital

What The Sherwin-Williams Company's (NYSE:SHW) P/E Is Not Telling You

Nov 28
What The Sherwin-Williams Company's (NYSE:SHW) P/E Is Not Telling You

Sherwin-Williams (NYSE:SHW) Has A Pretty Healthy Balance Sheet

Nov 16
Sherwin-Williams (NYSE:SHW) Has A Pretty Healthy Balance Sheet

Sherwin-Williams' Q3 Earnings Simply Not Good Enough

Oct 22

A Look At The Intrinsic Value Of The Sherwin-Williams Company (NYSE:SHW)

Oct 17
A Look At The Intrinsic Value Of The Sherwin-Williams Company (NYSE:SHW)

With EPS Growth And More, Sherwin-Williams (NYSE:SHW) Makes An Interesting Case

Oct 05
With EPS Growth And More, Sherwin-Williams (NYSE:SHW) Makes An Interesting Case

When Should You Buy The Sherwin-Williams Company (NYSE:SHW)?

Sep 11
When Should You Buy The Sherwin-Williams Company (NYSE:SHW)?

Sherwin-Williams (NYSE:SHW) Is Very Good At Capital Allocation

Aug 30
Sherwin-Williams (NYSE:SHW) Is Very Good At Capital Allocation

The Sherwin-Williams Company: Look Beyond Valuation And Into Value, Strong Buy

Aug 19

Does Sherwin-Williams (NYSE:SHW) Have A Healthy Balance Sheet?

Aug 06
Does Sherwin-Williams (NYSE:SHW) Have A Healthy Balance Sheet?

The Sherwin-Williams Company: FY24 EPS Guidance Seems Conservative

Aug 05

The Sherwin-Williams Company Just Beat EPS By 6.0%: Here's What Analysts Think Will Happen Next

Jul 25
The Sherwin-Williams Company Just Beat EPS By 6.0%: Here's What Analysts Think Will Happen Next

Sherwin-Williams Q2 Preview: Weakness Might Continue (Rating Downgrade)

Jul 19

Calculating The Fair Value Of The Sherwin-Williams Company (NYSE:SHW)

Jul 11
Calculating The Fair Value Of The Sherwin-Williams Company (NYSE:SHW)

The Sherwin-Williams Company: A Hard Pass

Jul 03

If EPS Growth Is Important To You, Sherwin-Williams (NYSE:SHW) Presents An Opportunity

Jun 26
If EPS Growth Is Important To You, Sherwin-Williams (NYSE:SHW) Presents An Opportunity

The Sherwin-Williams Company's (NYSE:SHW) Price Is Out Of Tune With Earnings

Jun 02
The Sherwin-Williams Company's (NYSE:SHW) Price Is Out Of Tune With Earnings

Investors Shouldn't Overlook Sherwin-Williams' (NYSE:SHW) Impressive Returns On Capital

May 21
Investors Shouldn't Overlook Sherwin-Williams' (NYSE:SHW) Impressive Returns On Capital

The Sherwin-Williams Company Just Missed Earnings - But Analysts Have Updated Their Models

Apr 26
The Sherwin-Williams Company Just Missed Earnings - But Analysts Have Updated Their Models

Sherwin-Williams: Like Watching Paint Dry

Apr 23

Is The Sherwin-Williams Company (NYSE:SHW) Expensive For A Reason? A Look At Its Intrinsic Value

Apr 11
Is The Sherwin-Williams Company (NYSE:SHW) Expensive For A Reason? A Look At Its Intrinsic Value

Is Now The Time To Look At Buying The Sherwin-Williams Company (NYSE:SHW)?

Mar 30
Is Now The Time To Look At Buying The Sherwin-Williams Company (NYSE:SHW)?

Does Sherwin-Williams (NYSE:SHW) Have A Healthy Balance Sheet?

Mar 18
Does Sherwin-Williams (NYSE:SHW) Have A Healthy Balance Sheet?

Sherwin-Williams (NYSE:SHW) Could Become A Multi-Bagger

Feb 15
Sherwin-Williams (NYSE:SHW) Could Become A Multi-Bagger

Sherwin-Williams Q4: Near Term Outlook Remains Muted

Feb 05

The Sherwin-Williams Company (NYSE:SHW) Investors Are Less Pessimistic Than Expected

Feb 03
The Sherwin-Williams Company (NYSE:SHW) Investors Are Less Pessimistic Than Expected

Sherwin-Williams: Rating Upgrade As I Turn Positive On Medium-Term Outlook

Jan 31

A Look At The Fair Value Of The Sherwin-Williams Company (NYSE:SHW)

Jan 10
A Look At The Fair Value Of The Sherwin-Williams Company (NYSE:SHW)

Is The Sherwin-Williams Company (NYSE:SHW) Potentially Undervalued?

Dec 29
Is The Sherwin-Williams Company (NYSE:SHW) Potentially Undervalued?

Sherwin-Williams: Pricing And Moderation Of Raw Material Costs

Dec 28

Sherwin-Williams: Macroeconomic Weakness Creating Headwinds For The Foreseeable Future

Oct 26

Sherwin-Williams: A Well-Managed Business In A Turbulent Economic Landscape

Sep 11

Sherwin-Williams: Stable Prospects, Looks Pricey

Aug 31

Sherwin-Williams: A Must Watch Quality Stock

Jul 28

The Sherwin-Williams Company: Solid Dividend Portfolio Pick With No Upside

May 29

Revenue & Expenses Breakdown

How Sherwin-Williams makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:SHW Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2423,0542,5587,3750
30 Jun 2423,0082,5137,2370
31 Mar 2422,9772,4177,1510
31 Dec 2323,0522,3897,0440
30 Sep 2323,0302,4196,8340
30 Jun 2322,9612,3436,6930
31 Mar 2322,5932,1276,5370
31 Dec 2222,1492,0206,3360
30 Sep 2221,6811,9386,1370
30 Jun 2220,7801,7555,8960
31 Mar 2220,2871,8265,7370
31 Dec 2119,9451,8645,8860
30 Sep 2119,6711,9675,6090
30 Jun 2119,6472,1715,6470
31 Mar 2118,8712,1185,5010
31 Dec 2018,3622,0305,4830
30 Sep 2017,9871,8725,3590
30 Jun 2017,7331,7435,2980
31 Mar 2018,0071,6185,3390
31 Dec 1917,9011,5415,3150
30 Sep 1917,8511,3945,2350
30 Jun 1917,7141,1715,1570
31 Mar 1917,6101,1045,1280
31 Dec 1817,5351,1095,0550
30 Sep 1817,4501,8614,9760
30 Jun 1817,2251,8235,0320
31 Mar 1816,1871,7804,8570
31 Dec 1714,9841,7704,7820
30 Sep 1713,7871,1194,4890
30 Jun 1712,5591,1904,2000
31 Mar 1712,0431,2074,1100
31 Dec 1611,8561,1334,0750
30 Sep 1611,6781,1284,0380
30 Jun 1611,5501,1153,9950
31 Mar 1611,4631,0873,9560
31 Dec 1511,3391,0543,8860
30 Sep 1511,3049883,7670
30 Jun 1511,3029383,7620
31 Mar 1511,2138773,7280
31 Dec 1411,1308663,8230
30 Sep 1411,0178443,8000
30 Jun 1410,7147813,7010
31 Mar 1410,3857473,5730
31 Dec 1310,1867483,4680

Quality Earnings: SHW has high quality earnings.

Growing Profit Margin: SHW's current net profit margins (11.1%) are higher than last year (10.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SHW's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: SHW's earnings growth over the past year (5.7%) is below its 5-year average (9.1% per year).

Earnings vs Industry: SHW earnings growth over the past year (5.7%) exceeded the Chemicals industry 4.8%.


Return on Equity

High ROE: Whilst SHW's Return on Equity (61.54%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

The Sherwin-Williams Company is covered by 55 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Ghansham PanjabiBaird
Ishan MajumdarBaptista Research