The Sherwin-Williams Company

SHW Basic Materials Specialty Chemicals

The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024.

Revenue
+7.89%
EPS
+0.89%
Free cash flow
−12.2%
Total debt
+2.43%

Quarter to September 2026, against a year earlier

346.35 2.66 −0.76%
Market cap
$84.3B
P/E
31.8×
Fwd P/E
29.9×
Dividend yield
0.91%
F-score
6/9
Altman Z
3.67
Beneish M
−2.50
Dividend safety
89/100

The Sherwin-Williams Company (SHW) Free cash flow margin

Alert me on Free cash flow margin

The Sherwin-Williams Company's free cash flow margin over the twelve months to 30 September 2026 was 12.4%, up 1.1 percentage points from fiscal 2025 (11.3%). Over the past ten years it has ranged from 5.91% (fiscal 2022) to 17.2% (fiscal 2020); the current reading is higher than 73% of that period. That is above the Specialty Chemicals industry median of 3.49% and above the Basic Materials sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 11.3% 2.23
FY2024 9.07% (2.66)
FY2023 11.7% 5.82
FY2022 5.91% (3.55)
FY2021 9.46% (7.78)
FY2020 17.2% 6.07
FY2019 11.2% 1.30
FY2018 9.87% (1.53)
FY2017 11.4% 2.05
FY2016 9.35% (1.45)

Against its own ten years

Low 5.91% High 17.2%
Ten-year median 10.8%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
LIN Linde PLC compare 14.0%
SHW The Sherwin-Williams Company 12.4%
DD DuPont de Nemours, Inc. compare 11.2%
ECL Ecolab Inc. compare 10.4%
RPM RPM International Inc. compare 9.50%
LYB LyondellBasell Industries N.V. compare 7.96%
PPG PPG Industries, Inc. compare 7.67%
IFF International Flavors & Fragrances Inc. compare 4.75%
APD Air Products and Chemicals, Inc. compare −0.86%
Specialty Chemicals industry median 3.49%
Basic Materials sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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