SHW
The Sherwin-Williams Company
SHW's fundamentals are mixed: free cash flow grew 27%, while its operating margin held steady at 14%. At 32x earnings, it's trading in line with its usual 34x. Analysts expect earnings growth, though they disagree widely on how much.
SHW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Stable |
SHW's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
SHW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 27x | $351 | — |
| Cheap | 31x | $333 | -5.1% |
| Current | 32x | $351 | — |
| Fair | 34x | $367 | +4.5% |
| Expensive | 37x | $404 | +15% |
Historical ranges are pointers, not guarantees.
SHW's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 27x next year's earnings.
SHW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SHW, with profitability holding steady. However, they disagree widely on these estimates.
SHW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.85 | +18% |
| Q3 2026 | $10.87 | +6% |
| Q2 2026 | $10.84 | +7.5% |
| Q1 2026 | $10.41 | -1.6% |
| Q4 2025 | $10.26 | -2.7% |
| Q3 2025 | $10.25 | +2.1% |
| Q2 2025 | $10.08 | +2.8% |
| Q1 2025 | $10.58 | +13% |
| Q4 2024 | $10.55 | +14% |
SHW earned $10.87 per share over the past year, up 6% from the year before.
SHW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.9B | +7.9% |
| Q2 2026 | $6.8B | +7.5% |
| Q1 2026 | $5.7B | +6.8% |
| Q4 2025 | $5.6B | +5.6% |
| Q3 2025 | $6.4B | +3.2% |
| Q2 2025 | $6.3B | +0.7% |
| Q1 2025 | $5.3B | -1.1% |
| Q4 2024 | $5.3B | +0.9% |
SHW's revenue has grown year over year for six quarters in a row: $6.9B last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | -1.2 points |
| Q2 2026 | 16% | +0.8 points |
| Q1 2026 | 12% | -0.3 points |
| Q4 2025 | 11% | -0.2 points |
| Q3 2025 | 17% | -4.8 points |
| Q2 2025 | 16% | -6.9 points |
| Q1 2025 | 12% | -4.2 points |
| Q4 2024 | 12% | -3.4 points |
SHW's operating margin was 16% last quarter, down 1.2 points from the same quarter a year ago.
SHW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $975.8M | -12% |
| Q2 2026 | $1.2B | +33% |
| Q1 2026 | $800K | +$251.2M |
| Q4 2025 | $862.1M | +36% |
| Q3 2025 | $1.1B | +32% |
| Q2 2025 | $931.1M | -2.2% |
| Q1 2025 | -$250.4M | +$92.3M |
| Q4 2024 | $634.5M | +5.9% |
SHW generated $3.1B in free cash flow over the past year, up 27% from the year before.
SHW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -3.2M shares |
| 1 year | -2.5% | -6.2M shares |
| 3 years | -6% | -15.6M shares |
| 5 years | -8.9% | -23.8M shares |
| Available history | -13% | -37.5M shares |
SHW has 243M diluted shares, down 2.5% from a year ago, with $2.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $520.1M |
| Q2 2026 | $1.3B |
| Q1 2026 | $575.6M |
| Q4 2025 | $118M |
| Q3 2025 | $668.2M |
| Q2 2025 | $518.5M |
| Q1 2025 | $351.7M |
| Q4 2024 | $310.2M |
SHW spent $2.5B buying back its own shares over the past year, up 34% from the year before.
SHW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.7x | Moderate |
| Q2 2026 | 2.8x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 2.5x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.0x | Healthy |
SHW's net debt is about 2.7 years of its operating earnings (EBITDA), about the same as a year ago.
SHW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.0 | Neutral |
| Stochastic | 52.1 | Neutral |
SHW's weekly RSI is 57 (neutral) and its Stochastic is 52 (neutral).
SHW PE vs Basic Materials Sector
| Metric | SHW | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 19x | 74% above |
| PE % | 32 | 40 | 8 pts below |
SHW is trading at 32x earnings, a 74% premium to the Basic Materials sector's median of 19x.
SHW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $333.5 | 5.4% above |
| 20 week MA | $337.1 | 4.2% above |
| 50 week MA | $333.8 | 5.3% above |
| 100 week MA | $340.6 | 3.2% above |
| 200 week MA | $317.6 | 11% above |
SHW is in an uptrend: it's above all five of its weekly moving averages, and 11% above its 200-week average.
SHW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $193.9 | $244.6 | +26% |
| 2021 | $244.6 | $338.4 | +38% |
| 2022 | $338.4 | $242.7 | -28% |
| 2023 | $242.7 | $311.9 | +29% |
| 2024 | $311.9 | $343.3 | +10% |
| 2025 | $343.3 | $325.4 | -5.2% |
| 2026 YTD | $325.4 | $351.4 | +8% |
SHW has finished higher in four of the last six years. It's up 8% so far in 2026.