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Stock Comparison

SHW vs PPG

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
SHW
The Sherwin-Williams Company

Chemicals - Specialty

Basic MaterialsNYSE • US
Market Cap$77.06B
5Y Perf.+57.8%
PPG
PPG Industries, Inc.

Chemicals - Specialty

Basic MaterialsNYSE • US
Market Cap$23.81B
5Y Perf.+4.7%

SHW vs PPG — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
SHW logoSHW
PPG logoPPG
IndustryChemicals - SpecialtyChemicals - Specialty
Market Cap$77.06B$23.81B
Revenue (TTM)$23.94B$16.12B
Net Income (TTM)$2.60B$1.58B
Gross Margin49.1%40.6%
Operating Margin16.1%12.8%
Forward P/E26.6x13.5x
Total Debt$14.53B$7.45B
Cash & Equiv.$207M$2.16B

SHW vs PPGLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

SHW
PPG
StockMay 20May 26Return
The Sherwin-William… (SHW)100157.8+57.8%
PPG Industries, Inc. (PPG)100104.7+4.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: SHW vs PPG

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: SHW leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. PPG Industries, Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
SHW
The Sherwin-Williams Company
The Income Pick

SHW carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 37 yrs, beta 0.79, yield 1.0%
  • Rev growth 2.1%, EPS growth -2.7%, 3Y rev CAGR 2.1%
  • 245.5% 10Y total return vs PPG's 18.5%
Best for: income & stability and growth exposure
PPG
PPG Industries, Inc.
The Value Pick

PPG is the clearest fit if your priority is valuation efficiency and defensive.

  • PEG 1.46 vs SHW's 3.85
  • Beta 1.07, yield 2.6%, current ratio 1.62x
  • Lower P/E (13.5x vs 26.6x), PEG 1.46 vs 3.85
Best for: valuation efficiency and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthSHW logoSHW2.1% revenue growth vs PPG's 0.2%
ValuePPG logoPPGLower P/E (13.5x vs 26.6x), PEG 1.46 vs 3.85
Quality / MarginsSHW logoSHW10.9% margin vs PPG's 9.8%
Stability / SafetySHW logoSHWBeta 0.79 vs PPG's 1.07
DividendsSHW logoSHW1.0% yield, 37-year raise streak, vs PPG's 2.6%
Momentum (1Y)PPG logoPPG-0.9% vs SHW's -12.3%
Efficiency (ROA)SHW logoSHW10.0% ROA vs PPG's 8.5%, ROIC 16.5% vs 23.5%

SHW vs PPG — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

SHWThe Sherwin-Williams Company
FY 2025
Paint Stores Group
57.7%$13.6B
Consumer Group
36.3%$8.6B
Global Finishes Group
28.9%$6.8B
Corporate And Eliminations
-22.9%$-5,408,000,000
PPGPPG Industries, Inc.
FY 2025
Industrial Coatings
41.1%$6.5B
Performance Coatings
34.7%$5.5B
Global Architectural Coatings
24.2%$3.8B

SHW vs PPG — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSHWLAGGINGPPG

Income & Cash Flow (Last 12 Months)

SHW leads this category, winning 6 of 6 comparable metrics.

SHW and PPG operate at a comparable scale, with $23.9B and $16.1B in trailing revenue. Profitability is closely matched — net margins range from 10.9% (SHW) to 9.8% (PPG).

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
RevenueTrailing 12 months$23.9B$16.1B
EBITDAEarnings before interest/tax$4.5B$2.6B
Net IncomeAfter-tax profit$2.6B$1.6B
Free Cash FlowCash after capex$2.9B$1.2B
Gross MarginGross profit ÷ Revenue+49.1%+40.6%
Operating MarginEBIT ÷ Revenue+16.1%+12.8%
Net MarginNet income ÷ Revenue+10.9%+9.8%
FCF MarginFCF ÷ Revenue+12.1%+7.6%
Rev. Growth (YoY)Latest quarter vs prior year+6.8%+6.7%
EPS Growth (YoY)Latest quarter vs prior year+7.5%+4.3%
SHW leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

PPG leads this category, winning 6 of 6 comparable metrics.

At 15.4x trailing earnings, PPG trades at a 49% valuation discount to SHW's 30.4x P/E. Adjusting for growth (PEG ratio), PPG offers better value at 1.67x vs SHW's 4.40x — a lower PEG means you pay less per unit of expected earnings growth.

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
Market CapShares × price$77.1B$23.8B
Enterprise ValueMkt cap + debt − cash$91.4B$29.1B
Trailing P/EPrice ÷ TTM EPS30.42x15.38x
Forward P/EPrice ÷ next-FY EPS est.26.61x13.50x
PEG RatioP/E ÷ EPS growth rate4.40x1.67x
EV / EBITDAEnterprise value multiple20.80x10.79x
Price / SalesMarket cap ÷ Revenue3.27x1.50x
Price / BookPrice ÷ Book value/share16.91x
Price / FCFMarket cap ÷ FCF29.04x20.48x
PPG leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

PPG leads this category, winning 6 of 8 comparable metrics.

SHW delivers a 58.2% return on equity — every $100 of shareholder capital generates $58 in annual profit, vs $31 for PPG. On the Piotroski fundamental quality scale (0–9), PPG scores 7/9 vs SHW's 6/9, reflecting strong financial health.

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
ROE (TTM)Return on equity+58.2%+31.1%
ROA (TTM)Return on assets+10.0%+8.5%
ROICReturn on invested capital+16.5%+23.5%
ROCEReturn on capital employed+21.3%+24.8%
Piotroski ScoreFundamental quality 0–967
Debt / EquityFinancial leverage3.16x
Net DebtTotal debt minus cash$14.3B$5.3B
Cash & Equiv.Liquid assets$207M$2.2B
Total DebtShort + long-term debt$14.5B$7.4B
Interest CoverageEBIT ÷ Interest expense7.83x9.16x
PPG leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

SHW leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in SHW five years ago would be worth $11,499 today (with dividends reinvested), compared to $6,660 for PPG. Over the past 12 months, PPG leads with a -0.9% total return vs SHW's -12.3%. The 3-year compound annual growth rate (CAGR) favors SHW at 11.6% vs PPG's -6.0% — a key indicator of consistent wealth creation.

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
YTD ReturnYear-to-date-4.4%+2.7%
1-Year ReturnPast 12 months-12.3%-0.9%
3-Year ReturnCumulative with dividends+39.1%-17.1%
5-Year ReturnCumulative with dividends+15.0%-33.4%
10-Year ReturnCumulative with dividends+245.5%+18.5%
CAGR (3Y)Annualised 3-year return+11.6%-6.0%
SHW leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

SHW leads this category, winning 2 of 2 comparable metrics.

SHW is the less volatile stock with a 0.79 beta — it tends to amplify market swings less than PPG's 1.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
Beta (5Y)Sensitivity to S&P 5000.79x1.07x
52-Week HighHighest price in past year$379.65$133.43
52-Week LowLowest price in past year$301.58$93.39
% of 52W HighCurrent price vs 52-week peak+82.3%+79.7%
RSI (14)Momentum oscillator 0–10035.941.7
Avg Volume (50D)Average daily shares traded1.5M2.0M
SHW leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Evenly matched — SHW and PPG each lead in 1 of 2 comparable metrics.

Wall Street rates SHW as "Buy" and PPG as "Buy". Consensus price targets imply 24.6% upside for SHW (target: $389) vs 20.0% for PPG (target: $128). For income investors, PPG offers the higher dividend yield at 2.60% vs SHW's 1.02%.

MetricSHW logoSHWThe Sherwin-Willi…PPG logoPPGPPG Industries, I…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$389.43$127.67
# AnalystsCovering analysts3838
Dividend YieldAnnual dividend ÷ price+1.0%+2.6%
Dividend StreakConsecutive years of raises3715
Dividend / ShareAnnual DPS$3.17$2.77
Buyback YieldShare repurchases ÷ mkt cap0.0%+3.3%
Evenly matched — SHW and PPG each lead in 1 of 2 comparable metrics.
Key Takeaway

SHW leads in 3 of 6 categories (Income & Cash Flow, Total Returns). PPG leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.

Best OverallThe Sherwin-Williams Company (SHW)Leads 3 of 6 categories
Loading custom metrics...

SHW vs PPG: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is SHW or PPG a better buy right now?

For growth investors, The Sherwin-Williams Company (SHW) is the stronger pick with 2.

1% revenue growth year-over-year, versus 0. 2% for PPG Industries, Inc. (PPG). PPG Industries, Inc. (PPG) offers the better valuation at 15. 4x trailing P/E (13. 5x forward), making it the more compelling value choice. Analysts rate The Sherwin-Williams Company (SHW) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — SHW or PPG?

On trailing P/E, PPG Industries, Inc.

(PPG) is the cheapest at 15. 4x versus The Sherwin-Williams Company at 30. 4x. On forward P/E, PPG Industries, Inc. is actually cheaper at 13. 5x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: PPG Industries, Inc. wins at 1. 46x versus The Sherwin-Williams Company's 3. 85x — a reasonable growth-adjusted valuation.

03

Which is the better long-term investment — SHW or PPG?

Over the past 5 years, The Sherwin-Williams Company (SHW) delivered a total return of +15.

0%, compared to -33. 4% for PPG Industries, Inc. (PPG). Over 10 years, the gap is even starker: SHW returned +245. 5% versus PPG's +18. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — SHW or PPG?

By beta (market sensitivity over 5 years), The Sherwin-Williams Company (SHW) is the lower-risk stock at 0.

79β versus PPG Industries, Inc. 's 1. 07β — meaning PPG is approximately 35% more volatile than SHW relative to the S&P 500.

05

Which is growing faster — SHW or PPG?

By revenue growth (latest reported year), The Sherwin-Williams Company (SHW) is pulling ahead at 2.

1% versus 0. 2% for PPG Industries, Inc. (PPG). On earnings-per-share growth, the picture is similar: PPG Industries, Inc. grew EPS 45. 7% year-over-year, compared to -2. 7% for The Sherwin-Williams Company. Over a 3-year CAGR, SHW leads at 2. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — SHW or PPG?

The Sherwin-Williams Company (SHW) is the more profitable company, earning 10.

9% net margin versus 9. 9% for PPG Industries, Inc. — meaning it keeps 10. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SHW leads at 16. 1% versus 13. 7% for PPG. At the gross margin level — before operating expenses — SHW leads at 48. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is SHW or PPG more undervalued right now?

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, PPG Industries, Inc. (PPG) is the more undervalued stock at a PEG of 1. 46x versus The Sherwin-Williams Company's 3. 85x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, PPG Industries, Inc. (PPG) trades at 13. 5x forward P/E versus 26. 6x for The Sherwin-Williams Company — 13. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SHW: 24. 6% to $389. 43.

08

Which pays a better dividend — SHW or PPG?

All stocks in this comparison pay dividends.

PPG Industries, Inc. (PPG) offers the highest yield at 2. 6%, versus 1. 0% for The Sherwin-Williams Company (SHW).

09

Is SHW or PPG better for a retirement portfolio?

For long-horizon retirement investors, The Sherwin-Williams Company (SHW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

79), 1. 0% yield, +245. 5% 10Y return). Both have compounded well over 10 years (SHW: +245. 5%, PPG: +18. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between SHW and PPG?

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: SHW is a mid-cap quality compounder stock; PPG is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

SHW

Stable Dividend Mega-Cap

  • Sector: Basic Materials
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 6%
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PPG

Income & Dividend Stock

  • Sector: Basic Materials
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 5%
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Beat Both

Find stocks that outperform SHW and PPG on the metrics below

Revenue Growth>
%
(SHW: 6.8% · PPG: 6.7%)
Net Margin>
%
(SHW: 10.9% · PPG: 9.8%)
P/E Ratio<
x
(SHW: 30.4x · PPG: 15.4x)

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