The Sherwin-Williams Company (SHW) Key Metrics
SHW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $81.37B
- Enterprise value
- $93.17B
- P/E (TTM)
- 30.9 10-yr median 32.6
- Forward P/E
- 23.8
- PEG ratio
- 2.10
- Price / sales
- 3.3 10-yr median 3.2
- Price / book
- 20.6 10-yr median 18.1
- EV / EBITDA
- 19.7 10-yr median 22.0
- Dividend yield
- 0.95% $3.20 a year
- Beta
- 1.08
SHW key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSHW valuation Price multiples at each fiscal year-end price.
SHW returns How much profit the business earns on the capital it uses.
SHW per-share figures Results divided by the shares outstanding at year-end.
SHW financial health Debt, liquidity and how easily interest is covered.
SHW efficiency & capital use Working capital cycle and where the cash goes.
SHW valuation history
SHW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SHW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SHW cash returned to shareholders
SHW price vs earnings per share
SHW key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $80.62B | $86.38B | $80.56B | $62.13B | $94.06B | $67.07B | $54.53B | $37.37B | $38.92B | $25.39B |
| Enterprise value | $93.35B | $98.08B | $92.10B | $74.44B | $105.39B | $76.96B | $64.80B | $46.56B | $49.24B | $26.46B |
| P/E ratio | 31.4 | 32.2 | 33.7 | 30.8 | 50.5 | 33.0 | 35.4 | 33.7 | 22.0 | 22.4 |
| Price / sales | 3.4 | 3.7 | 3.5 | 2.8 | 4.7 | 3.7 | 3.0 | 2.1 | 2.6 | 2.1 |
| Price / book | 17.5 | 21.3 | 21.7 | 20.0 | 38.6 | 18.6 | 13.2 | 10.0 | 10.7 | 13.5 |
| Price / free cash flow | 30.4 | 41.5 | 30.6 | 48.7 | 50.2 | 21.6 | 27.4 | 22.1 | 23.4 | 23.7 |
| Price / operating cash flow | 23.4 | 27.4 | 22.9 | 32.4 | 41.9 | 19.7 | 23.5 | 19.2 | 20.7 | 19.4 |
| EV / sales | 4.0 | 4.2 | 4.0 | 3.4 | 5.3 | 4.2 | 3.6 | 2.7 | 3.3 | 2.2 |
| EV / EBITDA | 20.8 | 21.8 | 24.9 | 21.0 | 33.4 | 22.4 | 22.3 | 20.0 | 22.1 | 13.6 |
| EV / free cash flow | 35.2 | 47.1 | 35.0 | 58.4 | 56.3 | 24.8 | 32.5 | 27.5 | 29.6 | 24.7 |
| Earnings yield | 3.2% | 3.1% | 3.0% | 3.3% | 2.0% | 3.0% | 2.8% | 3.0% | 4.6% | 4.5% |
| Free cash flow yield | 3.3% | 2.4% | 3.3% | 2.1% | 2.0% | 4.6% | 3.7% | 4.5% | 4.3% | 4.2% |
| Dividend yield | 1.0% | 0.8% | 0.8% | 1.0% | 0.6% | 0.7% | 0.8% | 0.9% | 0.8% | 1.2% |
| Shareholder yield (dividends + buybacks) | 3.0% | 2.9% | 2.6% | 2.4% | 3.6% | 4.4% | 2.2% | 2.5% | 0.8% | 1.2% |
| Share price at fiscal year-end | $324.03 | $339.93 | $311.90 | $237.33 | $352.16 | $244.97 | $194.51 | $131.15 | $136.68 | $89.58 |
| Per share | ||||||||||
| Revenue per share | $94.75 | $90.90 | $89.24 | $84.60 | $74.67 | $67.06 | $63.85 | $61.53 | $52.62 | $41.82 |
| Earnings per share | $10.32 | $10.55 | $9.25 | $7.72 | $6.98 | $7.42 | $5.50 | $3.89 | $6.22 | $4.00 |
| Operating cash flow per share | $13.87 | $12.41 | $13.63 | $7.33 | $8.40 | $12.45 | $8.28 | $6.82 | $6.62 | $4.62 |
| Free cash flow per share | $10.67 | $8.20 | $10.20 | $4.87 | $7.01 | $11.34 | $7.11 | $5.94 | $5.83 | $3.77 |
| Cash per share | $0.83 | $0.83 | $1.07 | $0.76 | $0.62 | $0.83 | $0.58 | $0.55 | $0.72 | $3.14 |
| Book value per share | $18.48 | $15.94 | $14.39 | $11.85 | $9.12 | $13.19 | $14.71 | $13.09 | $12.81 | $6.63 |
| Tangible book value per share | −$29.76 | −$27.79 | −$30.16 | −$32.40 | −$32.57 | −$28.89 | −$27.17 | −$29.57 | −$32.20 | $1.75 |
| Dividends per share | $3.17 | $2.85 | $2.41 | $2.36 | $2.20 | $1.78 | $1.50 | $1.13 | $1.12 | $1.10 |
| Capex per share | $3.21 | $4.21 | $3.44 | $2.46 | $1.39 | $1.11 | $1.17 | $0.88 | $0.78 | $0.84 |
| Debt per share | $52.02 | $46.88 | $45.72 | $47.78 | $43.04 | $36.94 | $37.20 | $32.79 | $36.94 | $6.89 |
| Shares outstanding | 248.8M | 254.1M | 258.3M | 261.8M | 267.1M | 273.8M | 280.3M | 285.0M | 284.8M | 283.5M |
| Change in shares outstanding | −2.1% | −1.6% | −1.3% | −2.0% | −2.4% | −2.3% | −1.6% | +0.1% | +0.5% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 59.4% | 69.0% | 70.1% | 72.9% | 61.7% | 52.5% | 39.2% | 30.1% | 64.1% | 82.5% |
| Return on invested capital (ROIC) | 17.7% | 18.9% | 18.5% | 16.1% | 16.2% | 16.5% | 13.8% | 11.5% | 20.1% | 43.8% |
| Return on assets (ROA) | 10.4% | 11.5% | 10.5% | 9.3% | 9.1% | 9.9% | 7.8% | 5.7% | 13.3% | 18.1% |
| Return on tangible assets | 18.5% | 21.4% | 20.9% | 18.3% | 19.6% | 22.9% | 17.6% | 15.9% | 25.0% | 21.1% |
| Free cash flow margin | 11.3% | 9.0% | 11.4% | 5.8% | 9.4% | 16.9% | 11.1% | 9.7% | 11.1% | 9.0% |
| Income quality (OCF / net income) | 1.34 | 1.18 | 1.47 | 0.95 | 1.20 | 1.68 | 1.51 | 1.75 | 1.06 | 1.16 |
| Financial health | ||||||||||
| Total debt | $12.94B | $11.91B | $11.81B | $12.51B | $11.50B | $10.11B | $10.43B | $9.34B | $10.52B | $1.95B |
| Cash & short-term investments | $207.2M | $210.4M | $276.8M | $198.8M | $165.7M | $226.6M | $161.8M | $155.5M | $204.2M | $889.8M |
| Net debt | $12.74B | $11.70B | $11.53B | $12.31B | $11.33B | $9.89B | $10.27B | $9.19B | $10.32B | $1.06B |
| Debt / equity | 2.81 | 2.94 | 3.18 | 4.03 | 4.72 | 2.80 | 2.53 | 2.50 | 2.88 | 1.04 |
| Debt / assets | 0.50 | 0.50 | 0.51 | 0.55 | 0.56 | 0.50 | 0.51 | 0.49 | 0.53 | 0.29 |
| Net debt / EBITDA | 2.84 | 2.61 | 3.12 | 3.47 | 3.59 | 2.87 | 3.53 | 3.96 | 4.64 | 0.55 |
| Current ratio | 0.87 | 0.79 | 0.83 | 0.99 | 0.88 | 1.00 | 1.02 | 1.01 | 1.11 | 1.28 |
| Quick ratio | 0.53 | 0.46 | 0.48 | 0.55 | 0.55 | 0.61 | 0.61 | 0.59 | 0.67 | 0.90 |
| Interest coverage | 8.1 | 8.7 | 8.8 | 7.4 | 7.7 | 8.1 | 6.7 | 5.0 | 6.2 | 19.0 |
| Working capital | −$912.9M | −$1.41B | −$1.11B | −$53.0M | −$665.8M | −$3.0M | $109.8M | $46.8M | $419.8M | $798.1M |
| Invested capital | $17.33B | $15.75B | $15.25B | $15.41B | $13.77B | $13.50B | $14.39B | $12.92B | $13.96B | $2.94B |
| Tangible asset value | −$7.40B | −$7.06B | −$7.79B | −$8.48B | −$8.70B | −$7.91B | −$7.62B | −$8.43B | −$9.17B | $496.5M |
| Net current asset value | −$15.30B | −$14.18B | −$13.73B | −$13.58B | −$13.18B | −$12.20B | −$11.74B | −$11.06B | −$11.84B | −$1.25B |
| Graham number | $65.52 | $61.53 | $54.71 | $45.36 | $37.86 | $46.91 | $42.66 | $33.85 | $42.35 | $24.41 |
| Graham net-net per share | −$71.72 | −$64.68 | −$61.73 | −$61.33 | −$57.42 | −$51.51 | −$48.87 | −$45.01 | −$47.75 | −$8.91 |
| Capital allocation | ||||||||||
| Dividends paid | $789.8M | $723.4M | $623.7M | $618.5M | $587.1M | $488.0M | $420.8M | $322.9M | $319.0M | $312.1M |
| Share buybacks (net) | $1.66B | $1.74B | $1.43B | $883.2M | $2.75B | $2.45B | $778.8M | $613.3M | $0 | $0 |
| Dividend payout ratio | 30.7% | 27.0% | 26.1% | 30.6% | 31.5% | 24.0% | 27.3% | 29.1% | 18.0% | 27.6% |
| Dividends + buybacks / free cash flow | 92.2% | 118.2% | 78.1% | 117.7% | 178.3% | 94.5% | 60.2% | 55.3% | 19.2% | 29.2% |
| Capex / revenue | 3.4% | 4.6% | 3.9% | 2.9% | 1.9% | 1.7% | 1.8% | 1.4% | 1.5% | 2.0% |
| Capex / operating cash flow | 23.1% | 33.9% | 25.2% | 33.6% | 16.6% | 8.9% | 14.2% | 12.9% | 11.8% | 18.3% |
| Capex / depreciation | 1.18 | 1.71 | 1.43 | 1.11 | 0.65 | 0.52 | 0.57 | 0.42 | 0.45 | 1.21 |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.5% | 0.5% | 0.5% | 0.5% | 0.6% | 0.5% | 0.6% | 0.6% |
| R&D / revenue | — | — | 0.9% | 0.5% | 0.6% | 0.5% | 0.6% | 0.3% | 0.4% | 0.5% |
| SG&A / revenue | 32.7% | 32.2% | 30.6% | 28.6% | 29.5% | 30.0% | 29.7% | 30.7% | 32.0% | 34.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.1 | 38.4 | 39.8 | 40.5 | 40.5 | 41.4 | 41.9 | 42.9 | 40.6 | 36.1 |
| Days of inventory on hand | 69.8 | 70.8 | 73.6 | 64.8 | 59.7 | 69.6 | 68.5 | 64.2 | 62.1 | 64.2 |
| Days payables outstanding | 69.8 | 70.0 | 70.5 | 68.9 | 72.4 | 75.3 | 68.0 | 64.8 | 62.4 | 67.4 |
| Cash conversion cycle (days) | 40.1 | 39.1 | 42.9 | 36.4 | 27.9 | 35.8 | 42.4 | 42.3 | 40.3 | 32.9 |
| Receivables turnover | 9.10 | 9.51 | 9.16 | 9.01 | 9.00 | 8.81 | 8.72 | 8.50 | 8.98 | 10.11 |
| Payables turnover | 5.23 | 5.21 | 5.17 | 5.30 | 5.04 | 4.85 | 5.37 | 5.63 | 5.85 | 5.41 |
| Inventory turnover | 5.23 | 5.16 | 4.96 | 5.63 | 6.11 | 5.24 | 5.33 | 5.69 | 5.88 | 5.69 |
| Asset turnover | 0.95 | 0.99 | 1.01 | 1.02 | 0.97 | 0.90 | 0.90 | 0.90 | 1.12 | 1.89 |
| Average receivables | $2.59B | $2.43B | $2.52B | $2.46B | $2.22B | $2.08B | $2.05B | $2.06B | $1.67B | $1.17B |
| Average payables | $2.30B | $2.28B | $2.38B | $2.42B | $2.26B | $2.00B | $1.84B | $1.80B | $1.41B | $1.10B |
| Average inventory | $2.30B | $2.31B | $2.48B | $2.28B | $1.87B | $1.85B | $1.85B | $1.78B | $1.41B | $1.04B |
| Intangibles / total assets | 46.3% | 47.0% | 50.1% | 51.3% | 53.9% | 56.5% | 57.3% | 63.5% | 64.4% | 20.5% |
Computed from SHW's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SHW valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Sherwin-Williams traded at 31.4 times earnings, against a 10-year median of 32.6. Based on the latest twelve months, the trailing P/E is 30.9 and the forward P/E is 23.8. Sherwin-Williams earned a return on equity of 59.4% and a return on invested capital of 17.7% in fiscal 2025. It ended the year with $12.9 billion of debt and $207.2 million in cash and short-term investments, net debt of $12.7 billion. It returned $2.4 billion to shareholders: $789.8 million in dividends and $1.7 billion in share buybacks, 92% of free cash flow. The share count fell 12.2% from 283.5M to 248.8M over 9 years.
See the SHW income statement, the SHW chart for price history, or the SHW stock overview for the latest quote and news.
SHW key metrics FAQ
What is Sherwin-Williams's P/E ratio?
Sherwin-Williams's trailing P/E ratio is 30.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 23.8. At the end of fiscal 2025 it was 31.4, compared with a 10-year median of 32.6.
What is Sherwin-Williams's EV/EBITDA?
Sherwin-Williams's enterprise value was 20.8 times EBITDA at the end of fiscal 2025 (enterprise value $93.4 billion, EBITDA $4.5 billion); the current EV/EBITDA is 19.7.
What is Sherwin-Williams's return on equity?
Sherwin-Williams's return on equity (ROE) was 59.4% in fiscal 2025: net income of $2.6 billion on average shareholders' equity of $4.3 billion.
What is Sherwin-Williams's ROIC?
Sherwin-Williams's return on invested capital was 17.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sherwin-Williams have?
Sherwin-Williams had total debt of $12.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.81 and $12.7 billion of net debt (2.84 times EBITDA).
What is Sherwin-Williams's dividend yield?
Sherwin-Williams's forward dividend yield is 0.95%. Sherwin-Williams paid $789.8 million in dividends in fiscal 2025 ($3.17 per share), a payout ratio of 30.7%.
Does Sherwin-Williams buy back its shares?
Yes. Sherwin-Williams spent $1.7 billion on net share repurchases in fiscal 2025 Shares outstanding changed −2.1% over the year, to 248.8M..
What is Sherwin-Williams's free cash flow yield?
Sherwin-Williams generated $2.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.3% on its market value at year-end ($80.6 billion).
What is Sherwin-Williams's current ratio?
Sherwin-Williams's current ratio was 0.87 at the end of fiscal 2025: current assets were 0.87 times current liabilities.