SHWSHERWIN WILLIAMS CO

Retail-Building Materials, Hardware, Garden Supply

Revenue: $23.6B; 2.1% YoY
Operating margin: —
EBITDA: —
Market cap: $80.4B
Employees: 64,249; $367K revenue each
Net debt / EBITDA: —; $11.5B net debt
AI in 10-K: 0.9; mentions per 10K words

Takeover score 0 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
134% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
23% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
30% of assets
Over 40% of assets
Shareholder dissentNo
92% lowest support
Any vote under 80% support

Buyer economics 0 of 4

Low revenue per employeeNo
$367K per employee
Bottom quartile of its SIC industry
Quiet on AINo
0.9 per 10K words · 33rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
2.6× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$80.4B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$10M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$19.9B	$22.1B	$23.1B	$23.1B	$23.6B	2.1%
Operating income	$3.1B	$3.4B	$4.2B	—	—
Net income	$1.9B	$2.0B	$2.4B	$2.7B	$2.6B	4.2%
Operating cash flow	$2.2B	$1.9B	$3.5B	$3.2B	$3.5B	9.5%
Capex	$372M	$645M	$888M	$1.1B	$798M	25%
Stock-based comp	$98M	$100M	$116M	$138M	$124M	11%
Dividends	$587M	$619M	$624M	$723M	$790M	9.2%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $10M · 4
Net: −$10M

Pay vs performance

No pay-versus-performance disclosure yet.