Sherwin Williams Co. (SHW)

Name: Sherwin Williams Co. (SHW): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Sherwin Williams Co. (SHW) reported revenue of $6.8 billion for Q2 FY2026, the quarter ended 30 June 2026, up 7.5% on the same quarter a year earlier. Net income was $844 million, up 11.8% on the year, and diluted earnings per share $3.43. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue$6.8 billionup 7.5%

Net income$844 millionup 11.8%

Diluted EPS$3.43

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE69.7%

ROCEn/a

Operating marginn/a

Net margin11.0%

FCF margin13.2%

Interest covern/a

Debt to equity3.13

Cash conversion1.45

Share count, 1 year-2.6%

Sales CAGR, 3 years2.1%

Profit CAGR, 3 years8.3%

EPS, TTM$10.84

At the close of 21 September 2026

Price$321.31

Market cap$78.0 billion

Stock P/E29.64

Price to book20.24

EV / EBITDAn/a

Dividend yield1.0%

Market cap / sales3.20

52-week high$372.60

52-week low$293.00

Price, 1 year-7.4%

Price CAGR, 3 years8.1%

Price CAGR, 5 years1.9%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the total debt Sherwin Williams Co. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SHW

Filings	21 in twelve months: 11 current reports (8-K), about 5 new financial obligation; 4 results of operations; 4 material agreement; 1 shareholder vote; 1 officer or director change
Planned insider sales	4 Form 144 notices in twelve months, $9.7 million; latest 17 August 2026
Options tape	put/call 0.99 by open interest on 23 September 2026; the straddle prices a 5.3% move to 16 October 2026
Holders	11 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading	4 sales and 0 purchases on Form 4 in twelve months
Congress	3 House trades disclosed in six months
Short interest	7.0 million shares short, 4.29 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	6,117	5,252	5,367	6,272	6,162	5,297	5,306	6,314	6,358	5,596	5,667	6,789
Cost of revenue	3,200	2,704	2,836	3,208	3,135	2,724	2,747	3,196	3,233	2,883	2,886	3,451
Gross profit	2,916	2,549	2,531	3,063	3,028	2,573	2,559	3,118	3,126	2,713	2,780	3,338
Gross margin	48%	49%	47%	49%	49%	49%	48%	49%	49%	48%	49%	49%
SG&A	1,756	1,856	1,800	1,846	1,894	1,883	1,794	2,012	1,953	1,937	1,970	2,104
Operating income	1,299	791	884	1,413	1,321	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Operating margin	21%	15%	16%	23%	21%	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Interest expense	102	94.6	103	111	103	98.5	104	112	117	132	132	136
Pre-tax income	1,009	474	640	1,173	1,023	616	653	986	1,060	639	680	1,112
Tax rate	25%	25%	21%	24%	21%	22%	23%	23%	21%	25%	21%	24%
Net income	762	356	505	890	806	480	504	755	833	477	535	844
Net margin	12%	7%	9%	14%	13%	9%	9%	12%	13%	9%	9%	12%
Diluted EPS	$2.95	$1.39	$1.97	$3.50	$3.18	$1.90	$2.00	$3.00	$3.35	$1.91	$2.15	$3.43
Operating cash flow	1,309	919	-58.9	1,203	1,075	934	-61.1	1,113	1,308	1,092	139	1,348
Capital expenditure	153	320	284	251	235	300	189	182	196	230	138	108
Free cash flow	1,156	599	-343	952	839	634	-250	931	1,111	862	0.8	1,239
Dividends paid	156	155	182	179	182	180	200	198	196	196	197	198
Shares outstanding	256m	254m	254m	252m	252m	251m	251m	249m	248m	248m	247m	243m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Revenue	11,130	11,339	11,856	14,984	17,534	17,901	18,362	19,945	22,149	23,052	23,098	23,574	24,410
Cost of revenue	5,965	5,780	5,933	8,265	10,116	9,865	9,679	11,402	12,824	12,294	11,903	12,059	12,454
Gross profit	5,164	5,559	5,922	6,719	7,419	8,036	8,683	8,543	9,325	10,758	11,195	11,516	11,957
Gross margin	46.4%	49.0%	50.0%	44.8%	42.3%	44.9%	47.3%	42.8%	42.1%	46.7%	48.5%	48.8%	49.0%
Research and development	50.0	57.7	58.0	58.5	51.9	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Selling, general and administrative	3,823	3,886	4,140	4,798	5,034	5,275	5,478	5,882	6,332	7,065	7,422	7,695	7,963
Operating income	1,695	1,963	2,164	2,235	2,611	2,809	3,374	3,084	3,397	4,162	n/a	n/a	n/a
Operating margin	15.2%	17.3%	18.3%	14.9%	14.9%	15.7%	18.4%	15.5%	15.3%	18.1%	n/a	n/a	n/a
Interest expense	64.2	61.8	154	263	367	349	340	335	391	418	416	465	516
Pre-tax income	1,258	1,549	1,595	1,469	1,360	1,982	2,519	2,249	2,573	3,110	3,452	3,338	3,492
Income tax	392	495	463	-300	251	440	489	384	553	721	770	770	804
Effective tax rate	31.2%	32.0%	29.0%	-20.4%	18.5%	22.2%	19.4%	17.1%	21.5%	23.2%	22.3%	23.1%	23.0%
Net income	866	1,054	1,133	1,728	1,109	1,541	2,030	1,864	2,020	2,389	2,681	2,568	2,688
Net margin	7.8%	9.3%	9.6%	11.5%	6.3%	8.6%	11.1%	9.3%	9.1%	10.4%	11.6%	10.9%	11.0%
Diluted EPS	$8.78	$11.16	$11.99	$18.67	$11.67	$16.49	$22.08	$6.98	$7.72	$9.25	$10.55	$10.26	$10.84
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Operating cash flow	1,082	1,447	1,309	1,884	1,944	2,321	3,409	2,245	1,920	3,522	3,153	3,452	3,887
Capital expenditure	201	234	239	223	251	329	304	372	644	888	1,070	798	674
Free cash flow	881	1,213	1,070	1,661	1,693	1,992	3,105	1,873	1,275	2,634	2,083	2,654	3,213
Free cash flow margin	7.9%	10.7%	9.0%	11.1%	9.7%	11.1%	16.9%	9.4%	5.8%	11.4%	9.0%	11.3%	13.2%
Depreciation and amortisation	199	199	198	492	596	575	581	573	581	622	624	677	726
Share-based compensation	64.7	72.3	72.1	90.3	82.6	102	95.9	97.7	99.7	116	138	124	120
Dividends paid	215	250	312	319	323	421	488	587	618	624	723	790	786
Dividend per share	$2.20	$2.68	$3.36	$3.40	$3.44	$4.52	$5.36	$2.20	$2.40	$2.42	$2.86	$3.16	n/a
Diluted shares, weighted	98m	94m	94m	95m	95m	93m	92m	267m	262m	258m	254m	250m	246m
Shares outstanding at period end	95m	92m	93m	94m	93m	92m	90m	261m	259m	254m	251m	248m	243m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018	FY2019	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Total assets	5,706	5,779	6,753	19,900	19,134	20,496	20,402	20,667	22,594	22,954	23,633	25,902	26,951
Cash and equivalents	40.7	206	890	204	156	162	227	166	199	277	210	207	294
Receivables	1,131	1,114	1,231	2,105	2,019	2,089	2,078	2,352	2,564	2,468	2,389	2,791	3,571
Inventory	1,034	1,019	1,068	1,742	1,815	1,890	1,804	1,927	2,626	2,330	2,288	2,318	2,530
Goodwill	1,158	1,143	1,127	6,814	6,957	7,005	7,049	7,135	7,583	7,626	7,580	8,037	8,023
Total debt, as filed	n/a	n/a	n/a	n/a	n/a	n/a	n/a	9,615	10,570	9,851	9,888	10,871	12,072
Long-term debt	1,116	1,907	1,211	9,887	9,015	8,480	8,292	8,852	9,592	9,477	9,226	9,671	9,826
Operating lease liabilities	n/a	n/a	n/a	n/a	n/a	1,371	1,434	1,471	1,513	1,510	1,558	1,592	1,657
Finance lease liabilities	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	186	195	n/a
Shareholders' equity	996	868	1,878	3,648	3,731	4,123	3,611	2,437	3,102	3,716	4,051	4,598	3,855
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	7.6%	5.1%	2.1%	5.8%
Profit growth, compounded	9.3%	4.8%	8.3%	5.6%
Return on equity, average	55.9%	65.6%	62.1%	55.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Retail-Building Materials, Hardware, Garden Supply

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Sherwin Williams Co. SHW	$78.0 billion	29.64	69.7%	n/a	5.8%	3.13	1.0%
Fastenal Co. FAST	$57.0 billion	42.24	33.2%	20.3%	12.5%	0.03	1.9%
Tractor Supply Co. TSCO	$16.9 billion	16.93	38.5%	8.5%	4.0%	0.82	2.9%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	28 July 2026	EDGAR
10-Q	31 March 2026	28 April 2026	EDGAR
10-K	31 December 2025	19 February 2026	EDGAR
10-Q	30 September 2025	28 October 2025	EDGAR
10-Q	30 June 2025	24 July 2025	EDGAR
10-Q	31 March 2025	29 April 2025	EDGAR
10-K	31 December 2024	20 February 2025	EDGAR
10-Q	30 September 2024	22 October 2024	EDGAR
10-Q	30 June 2024	23 July 2024	EDGAR
10-Q	31 March 2024	30 April 2024	EDGAR

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