SHWSherwin-Williams
Is the business good?
The checks split: margins widening, but returns that lean on debt.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 61% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SHW?
Sherwin-Williams keeps 11% of every revenue dollar as profit after everything, against 4.8% for the median Specialty Chemicals name.
Net margin · Specialty Chemicals median 4.8% · 12 months to Q2 2026
- Share count, year on year
- −2.1%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 49%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 18% |
| FY2021 | 15% |
| FY2022 | 15% |
| FY2023 | 18% |
Details›
- Gross margin12 months to Q2 2026
- 49%
- Net margin12 months to Q2 2026
- 11%
- Free cash flow margin
- 13%
- Revenue, trailing twelve months
- $24.4B
- Free cash flow, trailing twelve months
- $3.21B
- Net income, trailing twelve months
- $2.69B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Specialty Chemicals
The closest names by size in the same industry