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The Sherwin-Williams Company
NYSE: SHW Materials Chemicals 🔎 Screen
Dow 30 S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$78.7B
Market Cap
31.6
P/E
2.76
PEG
16.7%
ROCE
59.4%
ROE
3.03
D/E
16.2%
OPM
-12.6%
% from 52W High
38
α RS
🔍 SHW is showing a high-conviction setup because it matches 10 of 39 tracked screener presets, an ECS of 55.7 last quarter, and it's within 12.6% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction ECS 52W High
Sources
Conviction 10/39 · ECS 55.7 · 12.6% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for SHW including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications; automotive refinish products; protective and marine coatings; coil coatings; packaging coatings; and performance-based resins and colorants. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company operates in North America, South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding SHW
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Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 3.11M $997.8M 2.79% Mar 2026
Tiger Global Management Tiger Global Management LLC 257.1K $82.4M 0.36% Mar 2026
Steve Cohen Point72 Asset Management 57.0K $18.3M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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🎙 Management Tone Confident Specific ~ Volatile 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$6.79B
+7.5% YoY
Pretax Income
$1.11B
+12.9% YoY
Net Income
$843.6M
+11.8% YoY
Adjusted EPS
$3.70
+9.5% YoY
Adjusted EBITDA Margin
21.5%
+60 bps YoY
What Went Right
  • Consolidated sales grew 7.5% to $6.79B and beat guidance in all three segments.
  • Adjusted EBITDA rose 10.5% to $1.5B with margin expansion of 60 bps to 21.5%.
  • CBG adjusted segment margin surged 210 bps to 24.5%, helped by Suvinil and leverage.
  • Protective & Marine grew mid-teens, marking the eighth straight quarter of at least high single-digit growth.
What to Watch
  • Raw material inflation expected to be high single-digit in second half, keeping price-cost balance a focus.
  • New residential remains under pressure with single-family starts/completions negative in five of the last six months.
  • Management assumes no broad-based demand recovery in the second half.
  • Store closures totaled 57 year-to-date vs 45 openings, temporarily reducing net store count growth.
Management Guidance
  • Full-year 2026 consolidated sales raised to mid-to-high single-digit growth.
  • Full-year 2026 adjusted EPS guidance raised to $11.80-$12.20.
  • 8% price increase in Paint Stores Group effective September 1st.
  • No specific third-quarter revenue or EPS guidance was provided; segment sales outlook included in slide deck.
Investor Lens
The thesis is stronger after this quarter. Sherwin-Williams again took share in a weak demand environment, grew revenue 7.5%, expanded adjusted EBITDA margin to 21.5%, and raised full-year EPS guidance. Strong free cash flow conversion of 86% plus accelerated buybacks supported $1.46B returned to shareholders. The main watch item is inflation and pricing realization, but management’s disciplined cost actions and share gains provide confidence. M&A discipline also protects downside by walking away from premium-priced assets.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong Q2 with revenue +7.5% and EPS beat; FY guidance raised
Revenue
Consolidated net sales rose 7.5% to $6.79B, led by Paint Stores Group up 5.1% and Consumer Brands up 21.5% including Suvinil. Performance Coatings beat expectations with growth in every division and region.
Profitability
Net income rose 11.8% to $843.6M, while diluted EPS increased 14.3% to $3.43. Adjusted EPS grew 9.5% to $3.70.
Margins
Adjusted EBITDA margin expanded 60 bps to 21.5% despite slightly lower reported gross margin. CBG adjusted segment margin jumped 210 bps to 24.5%, while PSG segment margin slipped to 24.6% from 24.8% and PCG adjusted segment margin rose 50 bps with 26.4% incremental margin.
Balance Sheet
Net operating cash improved 21%, or $235 million, with free cash flow conversion of 86%. Net debt to adjusted EBITDA was 2.4x, and the company returned $1.46B to shareholders via dividends and accelerated share repurchases.
Key Risks
Management flagged high single-digit raw material inflation in the second half, persistent weakness in new residential and DIY demand, and no expectation of a broad market recovery. Price realization from the September 8% increase remains uncertain given normal glide paths and contract timing.
Outlook
Full-year adjusted EPS guidance was raised to $11.80-$12.20, with consolidated sales growth now expected in the mid-to-high single-digit range. The company plans an 8% price increase from September 1 and expects to resume higher net store growth from next year.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-28
Strong Q2 2026 results featured high single-digit sales growth, margin expansion, and robust cash flow, driven by strategic execution and new account wins despite muted demand. Full-year sales and EPS guidance were raised, with inflation and market uncertainty actively managed.
Q1 2026 Q1 2026 2026-04-28
Strong Q1 sales and margin expansion were achieved despite global uncertainty and raw material inflation. Full-year guidance is unchanged, with price increases and cost controls offsetting softer volume expectations. Aggressive share gains and strategic investments continue to drive outperformance.
Q4 2025 Q4 2025 2026-01-29
Delivered record sales and adjusted EPS in 2025, driven by disciplined cost control and strategic investments, despite a challenging demand environment. 2026 guidance calls for low- to mid-single-digit sales growth and continued margin expansion, with a focus on share gains and operational efficiency.
Q3 2025 Q3 2025 2025-10-28
Q3 2025 saw strong sales and margin expansion despite a soft demand environment, with continued investment in growth and cost control. Full-year guidance was raised slightly, and a 7% price increase is planned for 2026 amid ongoing cost inflation and market uncertainty.
Q2 2025 Q2 2025 2025-07-22
Sales and gross margin grew in Paint Stores Group, but overall results were pressured by weak demand, supply chain inefficiencies, and higher costs. Full-year guidance for sales and EPS was lowered, with aggressive restructuring and cost controls underway to drive future growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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