PerpEquities

Equity

Is Sherwin-Williams (SHW) tradable as a perp? Not yet

Sherwin-Williams develops, manufactures, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers worldwide.

Not yet listed on any perp exchange

No perpetual-futures venue lists SHW yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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Company data

Company fundamentals

Updated 1h ago
Market cap
$77.9B
Updated 1h ago
Revenue
$24.4B
Trailing 12 months
Revenue growth
+7%
Next fiscal year
Profit margin
+11.0%
P/E
29.3
Peer P/E 5.4
Free cash flow
$3.2B
Trailing 12 months
More metrics
Net income
$2.7B
Trailing 12 months
P/S
3.2
Peer P/E
5.4
Similar listed perps
Revenue estimate
$25.1B
Next fiscal year
Earnings
2026-10-27
Revenue est. $6.8B · Updated 1h ago
Dividend
$0.8
2026-08-21

Fundamental detail

Annual + quarterly
Latest revenue$23.6B
Net margin+10.9%
Free cash flow$2.7B
Net debt$12.7B
2020$18.4B
2021$19.9B
2022$22.1B
2023$23.1B
2024$23.1B
2025$23.6B
PeriodRevenueGrowthNet incomeFCF
2020$18.4B+3%$2B$3.1B
2021$19.9B+9%$1.9B$1.9B
2022$22.1B+11%$2B$1.3B
2023$23.1B+4%$2.4B$2.6B
2024$23.1B0%$2.7B$2.1B
2025$23.6B+2%$2.6B$2.7B
PeriodGross marginOperating marginNet marginROEROA
2020+47.3%+15.5%+11.1%+56.2%+10.0%
2021+42.8%+13.4%+9.3%+76.5%+9.0%
2022+42.1%+13.5%+9.1%+65.1%+8.9%
2023+46.7%+15.6%+10.4%+64.3%+10.4%
2024+48.5%+16.3%+11.6%+66.2%+11.3%
2025+48.9%+16.1%+10.9%+55.9%+9.9%
PeriodCashDebtNet debtCurrent ratio
2020$226.6M$10.1B$9.9B1.00
2021$165.7M$11.5B$11.3B0.88
2022$198.8M$12.5B$12.3B0.99
2023$276.8M$11.8B$11.5B0.83
2024$210.4M$11.9B$11.7B0.79
2025$207.2M$12.9B$12.7B0.87
PeriodMarket capEnterprise valueP/SP/E
2020$65.9B$75.7B3.632.7
2021$92.4B$103.8B4.649.6
2022$61.2B$73.5B2.830.3
2023$79.7B$91.2B3.533.4
2024$86.4B$98.1B3.731.8
2025$79.8B$92.6B3.431.2
Q3 2024$6.2B
Q4 2024$5.3B
Q1 2025$5.3B
Q2 2025$6.3B
Q3 2025$6.4B
Q4 2025$5.6B
Q1 2026$5.7B
Q2 2026$6.8B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6.2B+1%$806.2M$839.4M
Q4 2024$5.3B+1%$480.1M$634.5M
Q1 2025$5.3B-1%$503.9M-$250.4M
Q2 2025$6.3B+1%$754.7M$931.1M
Q3 2025$6.4B+3%$833.1M$1.1B
Q4 2025$5.6B+6%$476.8M$862.1M
Q1 2026$5.7B+7%$534.7M$800K
Q2 2026$6.8B+8%$843.6M$1.2B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+49.1%+18.4%+13.1%+19.4%+3.4%
Q4 2024+48.6%+12.7%+9.1%+11.9%+2.0%
Q1 2025+48.2%+14.2%+9.5%+12.2%+2.0%
Q2 2025+49.4%+17.4%+12.0%+17.1%+3.0%
Q3 2025+49.2%+18.4%+13.1%+18.8%+3.2%
Q4 2025+48.8%+13.9%+8.5%+10.4%+1.8%
Q1 2026+49.1%+14.3%+9.4%+12.1%+2.0%
Q2 2026+49.2%+18.1%+12.4%+21.9%+3.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$238.2M$12.1B$11.9B0.83
Q4 2024$210.4M$11.9B$11.7B0.79
Q1 2025$199.8M$12.8B$12.6B0.77
Q2 2025$269.8M$12.8B$12.5B0.78
Q3 2025$241.5M$13.6B$13.3B0.82
Q4 2025$207.2M$12.9B$12.7B0.87
Q1 2026$216.9M$13.8B$13.6B0.86
Q2 2026$293.5M$14.2B$13.9B0.73
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$95.6B$107.5B15.529.6
Q4 2024$85.9B$97.6B16.244.3
Q1 2025$87.1B$99.7B16.443.2
Q2 2025$85.5B$98B13.528.2
Q3 2025$85.2B$98.6B13.425.6
Q4 2025$79.8B$92.6B14.341.8
Q1 2026$78.8B$92.3B13.936.8
Q2 2026$84.3B$98.2B12.425.0

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.8BQ2 2026
$1.7B$3.4B$5.1B$6.8BQ3 2023: $6.1BQ4 2023: $5.3BQ1 2024: $5.4BQ2 2024: $6.3BQ3 2024: $6.2BQ4 2024: $5.3BQ1 2025: $5.3BQ2 2025: $6.3BQ3 2025: $6.4BQ4 2025: $5.6BQ1 2026: $5.7BQ2 2026: $6.8BQ3 2023Q2 2026
Net income$843.6MQ2 2026
$222.5M$445M$667.4M$889.9MQ3 2023: $761.5MQ4 2023: $356.2MQ1 2024: $505.2MQ2 2024: $889.9MQ3 2024: $806.2MQ4 2024: $480.1MQ1 2025: $503.9MQ2 2025: $754.7MQ3 2025: $833.1MQ4 2025: $476.8MQ1 2026: $534.7MQ2 2026: $843.6MQ3 2023Q2 2026
EBITDA$1.2BQ2 2026
$359.4M$718.8M$1.1B$1.4BQ3 2023: $1.3BQ4 2023: $722.9MQ1 2024: $896.2MQ2 2024: $1.4BQ3 2024: $1.3BQ4 2024: $876MQ1 2025: $917.7MQ2 2025: $1.3BQ3 2025: $1.3BQ4 2025: $868.9MQ1 2026: $998.2MQ2 2026: $1.2BQ3 2023Q2 2026
Free cash flow$1.2BQ2 2026
$52.8M$448.2M$843.7M$1.2BQ3 2023: $1.2BQ4 2023: $599.1MQ1 2024: -$342.7MQ2 2024: $952MQ3 2024: $839.4MQ4 2024: $634.5MQ1 2025: -$250.4MQ2 2025: $931.1MQ3 2025: $1.1BQ4 2025: $862.1MQ1 2026: $800KQ2 2026: $1.2BQ3 2023Q2 2026
EPS$3.43Q2 2026
$0.88$1.75$2.63$3.5Q3 2023: $2.95Q4 2023: $1.39Q1 2024: $1.97Q2 2024: $3.5Q3 2024: $3.18Q4 2024: $1.9Q1 2025: $2Q2 2025: $3Q3 2025: $3.35Q4 2025: $1.92Q1 2026: $2.15Q2 2026: $3.43Q3 2023Q2 2026
Cash / Debt$293.5MQ2 2026
$3.6B$7.1B$10.7B$14.2BQ3 2023 · Cash: $503.4MQ3 2023 · Debt: $11.9BQ4 2023 · Cash: $276.8MQ4 2023 · Debt: $11.8BQ1 2024 · Cash: $179.9MQ1 2024 · Debt: $12.7BQ2 2024 · Cash: $200MQ2 2024 · Debt: $12.3BQ3 2024 · Cash: $238.2MQ3 2024 · Debt: $12.1BQ4 2024 · Cash: $210.4MQ4 2024 · Debt: $11.9BQ1 2025 · Cash: $199.8MQ1 2025 · Debt: $12.8BQ2 2025 · Cash: $269.8MQ2 2025 · Debt: $12.8BQ3 2025 · Cash: $241.5MQ3 2025 · Debt: $13.6BQ4 2025 · Cash: $207.2MQ4 2025 · Debt: $12.9BQ1 2026 · Cash: $216.9MQ1 2026 · Debt: $13.8BQ2 2026 · Cash: $293.5MQ2 2026 · Debt: $14.2BQ3 2023Q2 2026
CashDebt
Profitability+49.2%Q2 2026
+12.3%+24.7%+37.0%+49.4%Q3 2023 · Gross margin: +47.7%Q4 2023 · Gross margin: +48.5%Q1 2024 · Gross margin: +47.2%Q2 2024 · Gross margin: +48.8%Q3 2024 · Gross margin: +49.1%Q4 2024 · Gross margin: +48.6%Q1 2025 · Gross margin: +48.2%Q2 2025 · Gross margin: +49.4%Q3 2025 · Gross margin: +49.2%Q4 2025 · Gross margin: +48.8%Q1 2026 · Gross margin: +49.1%Q2 2026 · Gross margin: +49.2%Q3 2023 · Operating margin: +18.2%Q4 2023 · Operating margin: +12.8%Q1 2024 · Operating margin: +13.5%Q2 2024 · Operating margin: +19.6%Q3 2024 · Operating margin: +18.4%Q4 2024 · Operating margin: +12.7%Q1 2025 · Operating margin: +14.2%Q2 2025 · Operating margin: +17.4%Q3 2025 · Operating margin: +18.4%Q4 2025 · Operating margin: +13.9%Q1 2026 · Operating margin: +14.3%Q2 2026 · Operating margin: +18.1%Q3 2023 · Net margin: +12.4%Q4 2023 · Net margin: +6.8%Q1 2024 · Net margin: +9.4%Q2 2024 · Net margin: +14.2%Q3 2024 · Net margin: +13.1%Q4 2024 · Net margin: +9.1%Q1 2025 · Net margin: +9.5%Q2 2025 · Net margin: +12.0%Q3 2025 · Net margin: +13.1%Q4 2025 · Net margin: +8.5%Q1 2026 · Net margin: +9.4%Q2 2026 · Net margin: +12.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.5%Q2 2026
+1.0%+3.2%+5.4%+7.5%Q3 2024: +0.7%Q4 2024: +0.9%Q1 2025: -1.1%Q2 2025: +0.7%Q3 2025: +3.2%Q4 2025: +5.6%Q1 2026: +6.8%Q2 2026: +7.5%Q3 2023Q2 2026
Shares outstanding247.1MQ2 2026
64.2M128.4M192.7M256.9MQ3 2023: 256.9MQ4 2023: 256.9MQ1 2024: 255.8MQ2 2024: 254.2MQ3 2024: 253.9MQ4 2024: 254.1MQ1 2025: 252.5MQ2 2025: 251.9MQ3 2025: 249MQ4 2025: 248.8MQ1 2026: 248.1MQ2 2026: 247.1MQ3 2023Q2 2026
Valuation25.0Q2 2026
13.927.841.855.7Q3 2023 · P/E: 21.3Q4 2023 · P/E: 55.7Q1 2024 · P/E: 42.3Q2 2024 · P/E: 20.8Q3 2024 · P/E: 29.6Q4 2024 · P/E: 44.3Q1 2025 · P/E: 43.2Q2 2025 · P/E: 28.2Q3 2025 · P/E: 25.6Q4 2025 · P/E: 41.8Q1 2026 · P/E: 36.8Q2 2026 · P/E: 25.0Q3 2023 · P/S: 10.6Q4 2023 · P/S: 15.1Q1 2024 · P/S: 15.9Q2 2024 · P/S: 11.8Q3 2024 · P/S: 15.5Q4 2024 · P/S: 16.2Q1 2025 · P/S: 16.4Q2 2025 · P/S: 13.5Q3 2025 · P/S: 13.4Q4 2025 · P/S: 14.3Q1 2026 · P/S: 13.9Q2 2026 · P/S: 12.4Q3 2023Q2 2026
P/EP/S
Revenue$23.6B2025
$5.9B$11.8B$17.7B$23.6B2018: $17.5B2019: $17.9B2020: $18.4B2021: $19.9B2022: $22.1B2023: $23.1B2024: $23.1B2025: $23.6B20182025
Net income$2.6B2025
$670.4M$1.3B$2B$2.7B2018: $1.1B2019: $1.5B2020: $2B2021: $1.9B2022: $2B2023: $2.4B2024: $2.7B2025: $2.6B20182025
EBITDA$4.4B2025
$1.1B$2.2B$3.4B$4.5B2018: $2.3B2019: $2.9B2020: $3.4B2021: $3.2B2022: $3.5B2023: $4.1B2024: $4.5B2025: $4.4B20182025
Free cash flow$2.7B2025
$776.2M$1.6B$2.3B$3.1B2018: $1.7B2019: $2B2020: $3.1B2021: $1.9B2022: $1.3B2023: $2.6B2024: $2.1B2025: $2.7B20182025
EPS$10.32025
$2.64$5.28$7.91$10.62018: $3.892019: $5.52020: $7.352021: $6.982022: $7.722023: $9.252024: $10.62025: $10.320182025
Cash / Debt$207.2M2025
$3.2B$6.5B$9.7B$12.9B2018 · Cash: $155.5M2018 · Debt: $9.3B2019 · Cash: $161.8M2019 · Debt: $10.4B2020 · Cash: $226.6M2020 · Debt: $10.1B2021 · Cash: $165.7M2021 · Debt: $11.5B2022 · Cash: $198.8M2022 · Debt: $12.5B2023 · Cash: $276.8M2023 · Debt: $11.8B2024 · Cash: $210.4M2024 · Debt: $11.9B2025 · Cash: $207.2M2025 · Debt: $12.9B20182025
CashDebt
Profitability+48.9%2025
+12.2%+24.5%+36.7%+48.9%2018 · Gross margin: +42.3%2019 · Gross margin: +44.9%2020 · Gross margin: +47.3%2021 · Gross margin: +42.8%2022 · Gross margin: +42.1%2023 · Gross margin: +46.7%2024 · Gross margin: +48.5%2025 · Gross margin: +48.9%2018 · Operating margin: +10.8%2019 · Operating margin: +13.5%2020 · Operating margin: +15.5%2021 · Operating margin: +13.4%2022 · Operating margin: +13.5%2023 · Operating margin: +15.6%2024 · Operating margin: +16.3%2025 · Operating margin: +16.1%2018 · Net margin: +6.3%2019 · Net margin: +8.6%2020 · Net margin: +11.1%2021 · Net margin: +9.3%2022 · Net margin: +9.1%2023 · Net margin: +10.4%2024 · Net margin: +11.6%2025 · Net margin: +10.9%20182025
Gross marginOperating marginNet margin
Revenue growth+2.1%2025
+2.8%+5.5%+8.3%+11.1%2019: +2.1%2020: +2.6%2021: +8.6%2022: +11.1%2023: +4.1%2024: +0.2%2025: +2.1%20182025
Shares outstanding248.8M2025
71.2M142.5M213.7M285M2018: 285M2019: 280.3M2020: 273.8M2021: 267.1M2022: 261.8M2023: 258.3M2024: 254.1M2025: 248.8M20182025
Valuation31.22025
12.424.837.249.62018 · P/E: 33.02019 · P/E: 34.72020 · P/E: 32.72021 · P/E: 49.62022 · P/E: 30.32023 · P/E: 33.42024 · P/E: 31.82025 · P/E: 31.22018 · P/S: 2.12019 · P/S: 3.02020 · P/S: 3.62021 · P/S: 4.62022 · P/S: 2.82023 · P/S: 3.52024 · P/S: 3.72025 · P/S: 3.420182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202612.11$25.1B+7%15
FY 202713.59$26.3B+11%16
FY 202815.10$27.5B+16%8
FY 202916.55$28.9B+23%5
Q1 20272.57$5.9B+5%8
Q2 20274.13$7.1B+4%6

Company events

6
2026-10-27EarningsActual - / Estimate 3.66-
2026-08-21Dividend$0.8-
2026-07-28EarningsActual 3.7 / Estimate 3.52Beat
2026-05-22Dividend$0.8-
2026-04-28EarningsActual 2.35 / Estimate 2.27Beat
2026-03-02Dividend$0.8-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
VALE$60.6B1.528.5+5.2%3FCX$102.8B4.035.2+11.4%4NEM$130B5.815.5+38.1%1CDE$20.4B6.415.7+26.8%1MP$8.4B27.6-138.3-19.9%4USAR$2B154.9-6.4-2,159.3%19CRML$988.6M1,286.2-4.7-20,540.5%1LWLG$785.8M3,140.1-32.3-9,134.4%3

Analyst track record

How the analysts covering SHW have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings101350
Analysts2534
Buy / hold / sell73 / 27 / 1244 / 93 / 13
Upgrades / downgrades / initiations2 / 4 / 48 / 11 / 7
Price targets hit / missed0 / 95 (0%)50 / 276 (15%)
Avg. return after a rating (TipRanks)-17.5%-12.8%
Best / worst call-8.3% / -24.0%+31.0% / -29.5%

After buy calls on this stock: median 21-day move +2.2% vs S&P 500 0.0% (n = 249)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Patrick CunninghamCiti62% hit rate on this stock · 13 targets measuredBuytarget $415Jul 29, 2026
  2. John McNultyBMO Capital54% hit rate on this stock · 13 targets measuredBuytarget $405Aug 7, 2026
  3. Laurence AlexanderJefferies50% hit rate on this stock · 10 targets measuredHoldtarget $360Apr 6, 2026

Latest ratings

DateAnalystCallTarget
Sep 11, 2026Unknown AnalystKeyBancHoldInitiated–article ↗
Aug 28, 2026Duffy FischerGoldman SachsBuyMaintained$420article ↗
Aug 25, 2026Garik ShmoisD.A. DavidsonBuyInitiated$400article ↗
Aug 24, 2026Unknown AnalystD.A. DavidsonBuyInitiated$400article ↗
Aug 14, 2026Vincent AndrewsMorgan StanleyBuyMaintained$395article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$300$320$340$360$380$400Oct 25 · Buy 12 · Hold 7 · Sell 0Oct 25Nov 25 · Buy 12 · Hold 7 · Sell 0Dec 25 · Buy 13 · Hold 6 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 6 · Sell 0Feb 26 · Buy 11 · Hold 5 · Sell 0Feb 26Mar 26 · Buy 12 · Hold 3 · Sell 0Apr 26 · Buy 11 · Hold 5 · Sell 0Apr 26May 26 · Buy 11 · Hold 5 · Sell 0Jun 26 · Buy 12 · Hold 4 · Sell 1Jun 26Jul 26 · Buy 11 · Hold 6 · Sell 0Aug 26 · Buy 12 · Hold 6 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 7 · Sell 0Oct 25 · avg. target $394Nov 25 · avg. target $394Dec 25 · avg. target $394Jan 26 · avg. target $391Feb 26 · avg. target $393Mar 26 · avg. target $395Apr 26 · avg. target $384May 26 · avg. target $384Jun 26 · avg. target $381Jul 26 · avg. target $392Aug 26 · avg. target $392Sep 26 · avg. target $392Oct 25 · month-end close $345Nov 25 · month-end close $344Dec 25 · month-end close $324Jan 26 · month-end close $355Feb 26 · month-end close $363Mar 26 · month-end close $321Apr 26 · month-end close $322May 26 · month-end close $304Jun 26 · month-end close $344Jul 26 · month-end close $341Aug 26 · month-end close $339Sep 26 · month-end close $321

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 101 ratings