DOW vs SHW Stock Comparison

Dow and Sherwin Williams Prices as of Oct 26, 2026 Peers: Industry group
DOW Dow Inc.
$33.99 +21.3% 1M +37.0% 1Y
Market cap
$24.49B
P/E
–
Revenue (TTM)
$42.61B
Div. yield
0.04%
Commodity Chemicals Basic Materials
2 wins
SHW Sherwin Williams Co
$335.16 +1.9% 1M +0.3% 1Y
Market cap
$79.50B
P/E
29.6x
Revenue (TTM)
$24.41B
Div. yield
–
Paints and Coatings Basic Materials
8 wins

Head to Head

10 decided of 12

Sherwin Williams leads on 8 of the 12 questions below (Sherwin Williams 8, Dow 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDOWSHWLeader
Larger companyMarket capitalisation $24.49B $79.50B SHW
Cheaper on earningsLower P/E, profitable companies only -27.3x 29.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.7x 26.4x DOW
Faster revenue growthRevenue growth, trailing twelve months +4.2% +5.8% SHW
More profitableNet margin, trailing twelve months -2.1% 11.0% SHW
Better return on capitalReturn on invested capital 2.0% 19.2% SHW
Less leveragedLower net debt / EBITDA 3.9x 2.5x SHW
Higher dividend yieldTrailing dividend yield 0.04% 0.00% –
Better 1-year returnPrice return, last 12 months +37.0% +0.3% DOW
Better 5-year returnAnnualised price return, 5 years -9.5%/yr +1.1%/yr SHW
Less volatileAnnualised volatility, 1 year 41.8% 27.9% SHW
Higher overall scoreMean of the five percentile scores vs peers 52/100 55/100 SHW

Percentile Scorecard

DOWSHW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDOWSHW
Valuation 81 #19 of 94 26 #70 of 94
Growth 60 #37 of 92 73 #26 of 92
Profitability 47 #48 of 89 98 #3 of 89
Financial Health 32 #66 of 97 23 #75 of 97
Shareholder Returns 39 #43 of 70 57 #31 of 70
Overall 52 55
  • DOW ranked among 99 companies in Chemicals
  • SHW ranked among 99 companies in Chemicals

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDOWSHWSPY
1 month +21.3%+1.9% -0.8%
3 months +18.2%+2.4% +3.5%
6 months -10.8%-0.3% +7.0%
Year to date +45.4%+3.4% +12.2%
1 year +37.0%+0.3% +13.0%
3 years -29.3%+42.0% +86.3%
3 years, per year -10.9%+12.4% +23.1%
5 years -39.3%+5.6% +68.6%
5 years, per year -9.5%+1.1% +11.0%
10 years —+303.4% +258.0%
10 years, per year —+15.0% +13.6%

Risk

MeasureDOWSHWSPY
Volatility, 1Y 41.8%27.9% 12.7%
Downside volatility, 1Y 38.1%25.4% 12.7%
Beta vs S&P 500, 1Y -0.330.85 1.00
Return / volatility, 1Y 0.880.01 1.02
Max drawdown, 5Y -70.8%-42.9% -25.4%
From 52-week high -18.8%-10.0% -1.8%
52-week high $41.87$372.60 $779.14
52-week low $20.95$293.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDOWSHW
P/E now vs peer median -27.5xmedian 21.6x 30.4xmedian 21.6x
P/S now vs peer median 0.6xmedian 1.4x 3.3xmedian 1.4x
EV/EBITDA now vs peer median 10.9xmedian 12.4x 19.7xmedian 12.4x
P/FCF now vs peer median 11.6xmedian 15.8x 25.3xmedian 15.8x
P/B now vs peer median 1.4xmedian 1.6x 21.1xmedian 1.6x
PEG now vs peer median 0.71median 1.66 4.68median 1.66

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDOWSHW
Revenue $42.61B $24.41B
Gross profit $4.73B $11.96B
Operating income $720.00M $3.99B
Net income -$595.00M $2.69B
Free cash flow $2.11B $3.21B
R&D $741.00M –
EPS (diluted) $-1.23 $10.93
Cash & equivalents $4.14B $293.50M
Total debt $17.54B $12.07B
Shares (diluted) 727.40M 246.00M
Enterprise value $8.44B $78.55B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDOWSHW
P/E -27.5x 30.4x
P/FCF 11.6x 25.3x
P/Operating cash flow 5.4x 20.9x
P/S 0.6x 3.3x
P/B 1.4x 21.1x
P/Tangible book 1.5x 1,596x
EV/EBITDA 10.9x 19.7x
EV/EBIT 52.8x 23.3x
EV/Revenue 0.9x 3.8x
EV/FCF 18.0x 29.0x
EV/Operating cash flow 8.3x 24.0x
PEG (3Y EPS CAGR) 0.71 4.68

Growth

14 metrics
MetricDOWSHW
Revenue growth (1Y) 4.2% 5.8%
Revenue CAGR (3Y) -2.4% 2.1%
Gross profit growth (1Y) 62.1% 6.0%
Gross profit CAGR (3Y) -2.5% 5.7%
Operating income growth (1Y) 685.4% 8.1%
Operating income CAGR (3Y) -30.9% 5.4%
Net income growth (1Y) 40.6% 5.6%
Net income CAGR (3Y) -34.3% 4.7%
EPS growth (1Y) 21.6% 7.9%
EPS CAGR (3Y) -38.7% 6.5%
Operating cash flow growth (1Y) 190.9% 27.0%
Operating cash flow CAGR (3Y) -6.5% 14.7%
Free cash flow growth (1Y) 279.8% 49.1%
Free cash flow CAGR (3Y) -13.8% 22.4%

Profitability

14 metrics
MetricDOWSHW
Gross margin 11.1% 49.0%
EBITDA margin 8.2% 19.3%
Operating margin 1.7% 16.4%
Pretax margin -1.0% 14.3%
Net margin -2.1% 11.0%
FCF margin 5.0% 13.2%
Operating cash flow margin 10.8% 15.9%
Return on equity -3.4% 64.9%
Return on assets -1.0% 10.1%
Return on invested capital 2.0% 19.2%
Return on capital employed 1.4% 23.4%
Asset turnover 0.7x 0.9x
Cash conversion (OCF / net income) -7.7x 1.4x
Stock comp / revenue – 0.5%

Financial Health

11 metrics
MetricDOWSHW
Debt / assets 28.8% 44.8%
Debt / equity 1.0x 3.1x
Net debt / EBITDA 3.9x 2.5x
Debt / FCF 8.3x 3.8x
Liabilities / assets 71.1% 85.7%
Equity / assets 28.9% 14.3%
Interest coverage 0.8x 7.7x
Current ratio 1.8x 0.7x
Quick ratio 1.0x 0.4x
Cash ratio 0.4x 0.0x
Altman Z-score 1.63 3.50

Shareholder Returns

7 metrics
MetricDOWSHW
Dividend yield 4.1% 1.0%
Net buyback yield – 3.0%
Shareholder yield 4.1% 4.0%
Payout ratio (earnings) -169.6% –
Payout ratio (FCF) 47.7% –
Dividend growth (1Y) -41.7% –
Dividend CAGR (3Y) -20.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDOWSHW
Forward P/E 12.7xFY2026 26.4xFY2026
EPS, next fiscal year $2.67FY2026 $12.68FY2026
EPS growth, next FY – +10.9%FY2026
EPS growth, the year after -33.3% -0.4%
Revenue, next fiscal year $41.26BFY2026 $23.55BFY2026
Revenue growth, next FY +3.2%FY2026 -0.1%FY2026
Revenue growth, the year after +9.6% +4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDOWSHW
Held by institutions 77.8% 82.7%
Institutions holding 1,208 1,740
Change in shares held, QoQ +9.9% +3.3%
Institutions buying 548 746
Institutions selling 451 718
Buyers to sellers 1.22 1.04

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DOWSHW
DOW 1.00 -0.14
SHW -0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DOW and SHW?

Sherwin Williams (SHW) is the largest by market capitalisation: Dow (DOW) $24.49B, Sherwin Williams (SHW) $79.50B.

Which company is growing faster?

Sherwin Williams (SHW) grew revenue fastest over the trailing twelve months: Dow (DOW) +4.2%, Sherwin Williams (SHW) +5.8%.

Which company is more profitable?

Sherwin Williams (SHW) has the highest net margin (Dow (DOW) -2.1%, Sherwin Williams (SHW) 11.0%). On return on invested capital, Sherwin Williams (SHW) leads (Dow (DOW) 2.0%, Sherwin Williams (SHW) 19.2%).

Which stock has performed better?

Over the past year Dow (DOW) returned the most: Dow (DOW) +37.0%, Sherwin Williams (SHW) +0.3%. Over five years, Sherwin Williams (SHW) compounded fastest (Dow (DOW) -9.5%/yr, Sherwin Williams (SHW) +1.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Dow (DOW) 0.04%, Sherwin Williams (SHW) 0.00%. Sherwin Williams (SHW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Sherwin Williams (SHW) has been the steadiest (Dow (DOW) 41.8%, Sherwin Williams (SHW) 27.9%). Volatility measures how widely the price swings, not the risk of the business.

Do DOW and SHW move together?

Their daily returns over the past year have a correlation of -0.14, a negative relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, DOW and SHW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sherwin Williams (SHW) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.