The Sherwin Williams's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of The Sherwin Williams (SHW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: The Sherwin Williams vs Its Competitors
- TTM: Trailing 12-month revenue of 24,409M vs 290,164M combined for tracked competitors (7.8% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+11.3% annualized vs trailing 12 months), vs accelerating (+13.8%) for its tracked peer group.
- Growth: The Sherwin Williams generated 7.5% revenue growth year over year in Q2 2026, vs 4.2% for its tracked competitors combined.
- Profitability: Its 12.4% net margin compares with 9.0% for the peer group.
- Scale: The Sherwin Williams ranks #3 of 13 companies by market capitalization in the Home Improvement industry, holding 14.6% of industry market cap.
- Peer revenue share: The Sherwin Williams accounted for 7.6% of combined revenue among its tracked peer group, up from 7.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.38M compares with $0.39M for the peer group (1.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SHW Sales vs. its Competitors, Q2 2026
The Sherwin Williams reported revenue growth of 7.52 % year on year in Q2 2026, above its competitors' combined revenue growth of 4.20 %.
With a net margin of 12.43 %, The Sherwin Williams achieved higher profitability than its competitors (9.04 %).
The Sherwin Williams generated 7.60 % of the combined sales of its peer group, up from 7.38 % a year earlier.
The Sherwin Williams vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across The Sherwin Williams and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| The Sherwin williams Company | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across The Sherwin Williams's competitor groups requires a Commercial License.
For context: the Home Improvement industry grew revenue 11.7% year over year, combined, vs 7.5% for The Sherwin Williams. The Sherwin Williams's share of combined industry revenue moved from 7.01% to 6.74%, a loss of 0.26 percentage points.
The Sherwin Williams's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| The Sherwin williams Company | Yes | Yes | Yes | No |
| Competitors combined (17) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SHW Stock Performance relative to its Competitors
SHW Stock Performance relative to High-Confidence Competitors
SHW Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Dupont De Nemours Inc | 282.9% | Outperformed |
| 2 | Valaris Limited | 282.9% | Outperformed |
| 3 | Enviri Corp | 282.9% | Outperformed |
| 4 | L b Foster Company | 282.9% | Outperformed |
| 5 | Dow Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for The Sherwin Williams's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
The Sherwin Williams's Comment on Competition and Industry Peers
Publicly Traded Peers of The Sherwin williams Company
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| The Sherwin williams Company | 81,866.34 | 24,409.20 |
| Home Depot inc | 288,730.44 | 169,176.00 |
| Lowe s Companies inc | 105,089.60 | 90,431.00 |
| Ppg Industries Inc | 24,013.04 | 16,121.00 |
| Dow Inc | 20,114.27 | 39,331.00 |
| Dupont De Nemours Inc | 17,918.06 | 4,701.00 |
| SUBTOTAL | 597,382.14 | 390,719.86 |
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Sources: The Sherwin williams Company's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on The Sherwin williams Company versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
The Sherwin Williams's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Axalta Coating Systems Ltd | Named by the company | 85% |
| Consumer Brands Group | Named by the company | 85% |
| The Performance Coatings Group | Named by the company | 85% |
| Paint Stores Group | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for The Sherwin Williams's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
The Sherwin Williams's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| The Sherwin williams Company | Paint Stores Group 57.30 % |
| Home Depot inc | Primary 90.42 % |
| Lowe s Companies inc | Reportable 92.40 % |
| Ppg Industries Inc | Industrial Coatings 39.69 % |
| Dupont De Nemours Inc | Diversified Industrials 52.94 % |
| Masco Corporation | Plumbing Products 66.93 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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The Sherwin Williams's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| The Sherwin williams Company | 81,866 | 379,916 | 41,840 |
| Home Depot inc | 288,730 | 358,120 | 30,116 |
| Lowe s Companies inc | 105,090 | 327,649 | 24,040 |
| Ppg Industries Inc | 24,013 | 370,598 | 36,759 |
| Dow Inc | 20,114 | 1,136,734 | -75,116 |
| Dupont De Nemours Inc | 17,918 | 313,400 | 5,600 |
| PEERS TOTAL | 515,516 | 390,870 | 24,489 |
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The Sherwin Williams's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| The Sherwin williams Company | Non-US 20.00 % |
| Home Depot inc | United States 92.74 % |
| Lowe s Companies inc | United States 99.71 % |
| Ppg Industries Inc | North America 35.64 % |
| Dupont De Nemours Inc | United States 44.47 % |
| Masco Corporation | North America 79.90 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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The Sherwin Williams's Position in Industry Market Structure
Market-capitalization share and concentration across all 12 companies in The Sherwin Williams's industry classification, broader than the peer set above. Market cap in millions of $.The Sherwin Williams ranks #3 of 12 companies by market capitalization in its industry, holding 14.56 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,314, indicating a highly concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Home Depot inc | 288,730 | 51.34 % |
| 2 | Lowe s Companies inc | 105,090 | 18.69 % |
| 3 | The Sherwin williams Company | 81,866 | 14.56 % |
| 4 | Fastenal Co | 58,078 | 10.33 % |
| 5 | Tractor Supply Co | 1,234 | 5.2% |
| 6 | Builders Firstsource Inc | 1,234 | 5.2% |
| 7 | Floor and Decor Holdings Inc | 1,234 | 5.2% |
| 8 | Zkh Group Limited | 1,234 | 5.2% |
| 9 | Growgeneration Corp | 1,234 | 5.2% |
| 10 | Jewett cameron Trading Company Ltd | 1,234 | 5.2% |
Market cap and industry share for the rest of The Sherwin Williams's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
The Sherwin Williams's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Home Depot inc | 288,730 | -28.69 % |
| 2 | Lowe s Companies inc | 105,090 | -26.80 % |
| 3 | The Sherwin williams Company | 81,866 | -3.93 % |
| 4 | Fastenal Co | 1,234 | 12.3% |
| 5 | Tractor Supply Co | 1,234 | 12.3% |
| 6 | Builders Firstsource Inc | 1,234 | 12.3% |
| 7 | Floor and Decor Holdings Inc | 1,234 | 12.3% |
| 8 | Zkh Group Limited | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of The Sherwin Williams's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
The Sherwin Williams's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Home Improvement industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (14 companies). See the full Home Improvement industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 48.98 % | 30.21 % (avg) | +18.8 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 17.28 % | 3.64 % (avg) | +13.6 pp |
| Capital Intensity (Capex / Revenue) | 2.76 % | 2.98 % (avg) | -0.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
The Sherwin Williams's Valuation vs Competitive Position
Valuation multiples vs the Home Improvement industry average (14 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Home Improvement industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 29.6x | 30.7x | -1.1x |
| EV / EBITDA | 21.4x | 14.9x | +6.5x |
| P/B | 18.2x | 5.9x | +12.3x |
| Return on Equity | 62.12 % | industry aggregate | -56.03 % |
| Return on Invested Capital | - | 5.68 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
The Sherwin Williams's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 18.80 % | 0.56 % | 2.57 % | 8.62 % | 11.05 % | 4.07 % | 0.20 % | 2.06 % |
| Operating Margin | 11.66 % | 13.19 % | 15.73 % | 13.34 % | 13.45 % | 15.77 % | 14.53 % | - |
| Return on Invested Capital | 10.61 % | 11.94 % | 14.20 % | 14.67 % | 17.53 % | 21.54 % | 20.16 % | - |
| P/E | 10.6x | 11.7x | 32.9x | 47.0x | 31.0x | 31.1x | 34.7x | 33.0x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
The Sherwin Williams's BCG Growth-Share Matrix
Relative market share (vs The Sherwin Williams's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
The Sherwin Williams falls in the Dog quadrant: relative market share of 0.28x vs its largest competitor, in an industry growing revenue 2.5% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Home Depot inc alone holds 51% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
The Sherwin Williams's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,314 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 2.76 % vs industry average 2.98 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See The Sherwin Williams's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See The Sherwin Williams's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
The Sherwin Williams's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
The Sherwin Williams falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
The Sherwin Williams's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+11.3% annualized vs trailing 12 months).
Weaknesses
- Return on equity 56.0 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.28x).
Opportunities
- A meaningful share of tracked competitors (43.80 %) show financial-distress signals, a possible opening to gain share.
Threats
- Industry dominated by Home Depot inc , holding 51.34 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
The Sherwin Williams's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| The Sherwin williams Company | 0.03 | 0.81 | 2.67 |
| Home Depot inc | 0.05 | 1.06 | 3.66 |
| Lowe s Companies inc | 0.07 | 1.08 | - |
| Ppg Industries Inc | 0.34 | 1.52 | 0.91 |
| Dow Inc | 0.37 | 1.86 | 0.99 |
| Dupont De Nemours Inc | 0.62 | 2.29 | 0.28 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
The Sherwin Williams's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| The Sherwin williams Company | Q2 2026 | +7.5 % | +11.8 % |
| Home Depot inc | Q2 2026 | +5.7 % | +4.7 % |
| Lowe s Companies inc | Q2 2026 | +8.3 % | -0.3 % |
| Ppg Industries Inc | Q1 2026 | +6.7 % | +1.9 % |
| Dow Inc | Q1 2026 | -6.1 % | - |
| Dupont De Nemours Inc | Q2 2026 | -44.2 % | +110.0 % |
| PEERS TOTAL | +3.2 % | +0.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
The Sherwin Williams's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| The Sherwin williams Company | Q2 2026 | +8.0 % | -40.3 % |
| Home Depot inc | Q2 2026 | +5.3 % | -4.0 % |
| Lowe s Companies inc | Q2 2026 | +9.6 % | +9.5 % |
| Ppg Industries Inc | Q1 2026 | +6.2 % | -6.2 % |
| Dow Inc | Q1 2026 | -6.2 % | -26.7 % |
| Dupont De Nemours Inc | Q2 2026 | +3.2 % | +52.0 % |
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The Sherwin Williams's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| The Sherwin williams Company | 10.20% | 16.38% | 62.12% |
| Home Depot inc | 13.28% | 17.60% | 102.68% |
| Lowe s Companies inc | 12.15% | 19.22% | - |
| Ppg Industries Inc | 7.23% | 9.42% | 19.96% |
| Dow Inc | - | - | - |
| Dupont De Nemours Inc | 0.33% | 0.36% | 0.51% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
The Sherwin Williams's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| The Sherwin williams Company | 30.73 | 3.35 |
| Home Depot inc | 20.29 | 1.71 |
| Lowe s Companies inc | 15.86 | 1.16 |
| Ppg Industries Inc | 15.29 | 1.49 |
| Dow Inc | - | 0.51 |
| Dupont De Nemours Inc | 291.07 | 3.81 |
| PEERS AVERAGE | 23.30 | 1.53 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.