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OverviewAnalysisPriceRevenueEarningsP/ERatiosDividendTargets

The Sherwin-Williams Company (SHW) Quarterly Financial Ratios

Last 48 quarters of trend data · Basic Materials · Chemicals - Specialty

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

The Sherwin-Williams Company's quarterly P/E stands at 37.3x, down 14.6% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 15.3% YoY to 23.3x, reflecting multiple compression or accelerating EBITDA.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →31.1837.2742.1925.8428.6143.6544.7330.0121.3244.0856.1021.6121.62
—-14.6%-5.7%-13.9%+34.2%-1.0%-20.3%+38.8%-1.4%+44.3%+39.9%+10.6%-14.6%
P/S Ratio3.353.513.603.393.424.154.083.933.024.143.812.682.75
—-15.6%-11.6%-13.8%+13.2%+0.4%+6.9%+46.8%+9.8%+54.3%+29.1%+21.2%+10.3%
P/B Ratio17.3317.9517.5319.4819.6521.3521.3223.3220.2225.3621.5617.3318.93
—-15.9%-17.8%-16.4%-2.8%-15.8%-1.1%+34.5%+6.8%+37.6%+8.2%-15.8%-28.2%
P/FCF29.7624852.6423.3819.4023.22—34.0328.8619.92—33.4414.1717.18
——-31.3%-32.8%+16.6%—+1.8%+103.6%+16.0%—-11.9%-50.8%-43.3%
EV / EBITDA21.2423.3327.0718.5819.6127.5329.3521.1315.8828.8327.6515.1915.96
—-15.3%-7.8%-12.1%+23.5%-4.5%+6.2%+39.2%-0.5%+40.3%+13.7%+3.3%-10.7%
EV / EBIT24.5228.7030.8021.1322.5433.2934.3424.1417.1234.1040.3017.3117.99
—-13.8%-10.3%-12.5%+31.6%-2.4%-14.8%+39.5%-4.8%+38.7%+31.2%+3.0%-15.4%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

The Sherwin-Williams Company's operating margin was 14.3% in Q1 2026, up 0.4 pp QoQ and up 0.1 pp YoY. The trailing four-quarter average of 16.0% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin48.9%49.1%48.8%49.2%49.4%48.2%48.6%49.1%48.8%47.2%48.5%47.7%46.0%
—+1.7%+0.6%+0.1%+1.1%+2.3%+0.1%+3.0%+6.1%+6.0%+13.6%+11.3%+10.4%
Operating Margin16.1%14.3%13.9%18.4%17.4%14.2%12.7%18.4%19.6%13.5%12.8%18.2%17.8%
—+0.7%+9.4%+0.5%-11.4%+5.1%-1.0%+1.1%+10.5%+3.2%+9.5%+12.8%+23.1%
Net Margin10.9%9.4%8.5%13.1%12.0%9.5%9.1%13.1%14.2%9.4%6.8%12.4%12.7%
—-0.7%-6.0%+0.2%-15.8%+0.9%+33.6%+5.1%+11.6%+7.3%-8.2%+9.9%+29.2%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE59.4%11.8%10.6%18.9%17.7%12.3%11.7%20.4%24.5%14.0%9.5%20.6%23.4%
—-3.9%-9.7%-7.4%-27.9%-12.0%+23.1%-0.8%+5.0%-8.1%-29.9%-27.7%-9.9%
ROA10.4%2.0%1.8%3.2%3.0%2.1%2.0%3.4%3.8%2.2%1.6%3.3%3.4%
—-2.0%-9.3%-4.4%-20.0%-4.2%+30.1%+2.5%+10.1%+4.3%-10.0%+6.6%+29.9%
ROIC16.5%3.3%3.2%5.1%4.9%3.5%3.2%5.3%5.8%3.5%3.3%5.4%5.2%
—-5.4%+0.1%-4.7%-15.5%-0.1%-4.5%-1.2%+10.8%+2.4%+9.7%+8.3%+18.3%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

The Sherwin-Williams Company's Debt/EBITDA ratio is 13.8x, down from 16.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 12.5% YoY to 0.86x, strengthening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity3.163.113.163.072.903.102.942.913.283.623.183.143.40
—+0.2%+7.5%+5.4%-11.5%-14.3%-7.5%-7.4%-3.5%-11.8%-21.2%-34.4%-39.6%
Debt / EBITDA3.3113.8216.5710.1410.1214.0114.269.408.8814.4314.259.389.74
—-1.4%+16.2%+7.8%+13.9%-2.9%+0.1%+0.2%-8.8%-3.8%-13.2%-15.6%-22.9%
Current Ratio0.870.860.870.820.780.770.790.830.810.780.830.941.00
—+12.5%+9.4%-0.6%-3.3%-1.8%-4.6%-11.6%-19.1%-21.8%-16.1%-6.7%+15.2%
Quick Ratio0.530.530.530.520.480.450.460.510.500.460.480.600.62
—+19.4%+16.6%+0.8%-4.6%-3.3%-4.8%-14.0%-18.4%-18.6%-12.7%+2.0%+15.4%
Interest Coverage8.126.165.8610.059.777.036.9410.5311.156.996.0110.189.72
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 48 years · Updated daily

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SHW — Frequently Asked Questions

Quick answers to the most common questions about buying SHW stock.

What is The Sherwin-Williams Company's quarterly P/E ratio trend?

The Sherwin-Williams Company's current P/E is 31.2x. The average P/E over the last 4 quarters is 33.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do The Sherwin-Williams Company's margins change by quarter?

The Sherwin-Williams Company's current operating margin is 16.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at SHW quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking The Sherwin-Williams Company's business trajectory between earnings reports.

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