SHW vs DOW vs AMRZ Stock Comparison

Sherwin Williams, Dow and Amrize Prices as of Oct 23, 2026 Peers: Industry group
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SHW Sherwin Williams Co
$337.10 +3.3% 1M +1.6% 1Y
Market cap
$81.88B
P/E
30.5x
Revenue (TTM)
$24.41B
Div. yield
–
Paints and Coatings Basic Materials
7 wins
DOW Dow Inc.
$32.60 +13.7% 1M +33.0% 1Y
Market cap
$24.67B
P/E
–
Revenue (TTM)
$42.61B
Div. yield
0.04%
Commodity Chemicals Basic Materials
2 wins
AMRZ Amrize Ltd
$39.45 +4.1% 1M -18.5% 1Y
Market cap
$21.73B
P/E
17.9x
Revenue (TTM)
$12.19B
Div. yield
–
Cement Basic Materials
2 wins

Head to Head

11 decided of 12

Sherwin Williams leads on 7 of the 12 questions below (Sherwin Williams 7, Amrize 2, Dow 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSHWDOWAMRZLeader
Larger companyMarket capitalisation $81.88B $24.67B $21.73B SHW
Cheaper on earningsLower P/E, profitable companies only 30.5x -27.5x 17.9x AMRZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.5x 13.0x 17.0x DOW
Faster revenue growthRevenue growth, trailing twelve months +5.8% +4.2% +5.1% SHW
More profitableNet margin, trailing twelve months 11.0% -2.1% 10.0% SHW
Better return on capitalReturn on invested capital 19.2% 2.0% 7.7% SHW
Less leveragedLower net debt / EBITDA 2.5x 3.9x 1.8x AMRZ
Higher dividend yieldTrailing dividend yield 0.00% 0.04% 0.00% –
Better 1-year returnPrice return, last 12 months +1.6% +33.0% -18.5% DOW
Better 5-year returnAnnualised price return, 5 years +1.9%/yr -11.0%/yr — SHW
Less volatileAnnualised volatility, 1 year 27.9% 41.7% 37.1% SHW
Higher overall scoreMean of the five percentile scores vs peers 55/100 53/100 55/100 SHW

Percentile Scorecard

SHWDOWAMRZ

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

AxisSHWDOWAMRZ
Valuation 26 #70 of 94 83 #17 of 94 56 #5 of 10
Growth 73 #26 of 92 60 #37 of 92 –
Profitability 98 #3 of 89 47 #48 of 89 29 #6 of 8
Financial Health 23 #75 of 97 32 #66 of 97 63 #4 of 9
Shareholder Returns 57 #31 of 70 41 #42 of 70 71 #3 of 8
Overall 55 53 55
  • SHW ranked among 99 companies in Chemicals
  • DOW ranked among 99 companies in Chemicals
  • AMRZ ranked among 10 companies in Construction Materials

Price Performance

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

Returns

PeriodSHWDOWAMRZSPY
1 month +3.3%+13.7%+4.1% -1.0%
3 months +6.2%+9.2%-19.9% +2.9%
6 months -0.2%-15.7%-31.5% +6.4%
Year to date +4.0%+39.4%-27.1% +11.4%
1 year +1.6%+33.0%-18.5% +13.1%
3 years +43.5%-33.8%— +79.4%
3 years, per year +12.8%-12.9%— +21.5%
5 years +9.9%-44.2%— +67.7%
5 years, per year +1.9%-11.0%— +10.9%
10 years +264.9%—— +255.2%
10 years, per year +13.8%—— +13.5%

Risk

MeasureSHWDOWAMRZSPY
Volatility, 1Y 27.9%41.7%37.1% 12.7%
Downside volatility, 1Y 25.5%38.1%37.8% 12.7%
Beta vs S&P 500, 1Y 0.85-0.321.31 1.00
Return / volatility, 1Y 0.060.79-0.50 1.03
Max drawdown, 5Y -42.9%-70.8%-45.2% -25.4%
From 52-week high -9.5%-22.1%-40.1% -2.5%
52-week high $372.60$41.87$65.86 $779.14
52-week low $293.00$20.95$36.09 $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.

MultipleSHWDOWAMRZ
P/E now vs peer median 30.6xmedian 21.5x -26.4xmedian 21.5x 17.9xmedian 19.7x
P/S now vs peer median 3.4xmedian 1.4x 0.6xmedian 1.4x 1.8xmedian 1.8x
EV/EBITDA now vs peer median 19.8xmedian 12.4x 10.6xmedian 12.4x 9.4xmedian 9.3x
P/FCF now vs peer median 25.5xmedian 15.5x 11.2xmedian 15.5x 16.5xmedian 31.6x
P/B now vs peer median 21.2xmedian 1.6x 1.3xmedian 1.6x 1.7xmedian 2.3x
PEG now vs peer median 4.71median 1.70 0.68median 1.70 —median 1.85

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 monthsSHWDOWAMRZ
Revenue $24.41B $42.61B $12.19B
Gross profit $11.96B $4.73B $3.05B
Operating income $3.99B $720.00M $1.89B
Net income $2.69B -$595.00M $1.22B
Free cash flow $3.21B $2.11B $1.31B
R&D – $741.00M –
EPS (diluted) $10.93 $-1.23 $2.20
Cash & equivalents $293.50M $4.14B $729.00M
Total debt $12.07B $17.54B $6.00B
Shares (diluted) 246.00M 727.40M 553.60M
Enterprise value $80.92B $8.63B $17.15B

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
MetricSHWDOWAMRZ
P/E 30.6x -26.4x 17.9x
P/FCF 25.5x 11.2x 16.5x
P/Operating cash flow 21.1x 5.1x 10.0x
P/S 3.4x 0.6x 1.8x
P/B 21.2x 1.3x 1.7x
P/Tangible book 1,605x 1.4x 1.9x
EV/EBITDA 19.8x 10.6x 9.4x
EV/EBIT 23.4x 51.4x 14.3x
EV/Revenue 3.8x 0.9x 2.2x
EV/FCF 29.1x 17.5x 20.5x
EV/Operating cash flow 24.1x 8.1x 12.4x
PEG (3Y EPS CAGR) 4.71 0.68 –

Growth

14 metrics
MetricSHWDOWAMRZ
Revenue growth (1Y) 5.8% 4.2% 5.1%
Revenue CAGR (3Y) 2.1% -2.4% –
Gross profit growth (1Y) 6.0% 62.1% 1.7%
Gross profit CAGR (3Y) 5.7% -2.5% –
Operating income growth (1Y) 8.1% 685.4% -6.9%
Operating income CAGR (3Y) 5.4% -30.9% –
Net income growth (1Y) 5.6% 40.6% 4.5%
Net income CAGR (3Y) 4.7% -34.3% –
EPS growth (1Y) 7.9% 21.6% 4.1%
EPS CAGR (3Y) 6.5% -38.7% –
Operating cash flow growth (1Y) 27.0% 190.9% 13.9%
Operating cash flow CAGR (3Y) 14.7% -6.5% –
Free cash flow growth (1Y) 49.1% 279.8% 13.7%
Free cash flow CAGR (3Y) 22.4% -13.8% –

Profitability

14 metrics
MetricSHWDOWAMRZ
Gross margin 49.0% 11.1% 25.0%
EBITDA margin 19.3% 8.2% 23.5%
Operating margin 16.4% 1.7% 15.5%
Pretax margin 14.3% -1.0% 12.7%
Net margin 11.0% -2.1% 10.0%
FCF margin 13.2% 5.0% 10.8%
Operating cash flow margin 15.9% 10.8% 17.8%
Return on equity 64.9% -3.4% 9.4%
Return on assets 10.1% -1.0% 5.0%
Return on invested capital 19.2% 2.0% 7.7%
Return on capital employed 23.4% 1.4% 9.3%
Asset turnover 0.9x 0.7x 0.5x
Cash conversion (OCF / net income) 1.4x -7.7x 1.8x
Stock comp / revenue 0.5% – 0.3%

Financial Health

11 metrics
MetricSHWDOWAMRZ
Debt / assets 44.8% 28.8% 24.4%
Debt / equity 3.1x 1.0x 0.5x
Net debt / EBITDA 2.5x 3.9x 1.8x
Debt / FCF 3.8x 8.3x 4.6x
Liabilities / assets 85.7% 71.1% 47.7%
Equity / assets 14.3% 28.9% 52.3%
Interest coverage 7.7x 0.8x –
Current ratio 0.7x 1.8x 1.1x
Quick ratio 0.4x 1.0x 0.7x
Cash ratio 0.0x 0.4x 0.2x
Altman Z-score 3.51 1.62 1.94

Shareholder Returns

7 metrics
MetricSHWDOWAMRZ
Dividend yield 0.9% 4.3% 1.7%
Net buyback yield 3.0% – –
Shareholder yield 4.0% 4.3% 1.7%
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.

ConsensusSHWDOWAMRZ
Forward P/E 26.5xFY2026 13.0xFY2026 17.0xFY2026
EPS, next fiscal year $12.70FY2026 $2.51FY2026 $2.32FY2026
EPS growth, next FY +11.1%FY2026 – +8.4%FY2026
EPS growth, the year after -0.2% -36.3% +24.1%
Revenue, next fiscal year $23.56BFY2026 $41.02BFY2026 $13.11BFY2026
Revenue growth, next FY -0.1%FY2026 +2.6%FY2026 +11.0%FY2026
Revenue growth, the year after +4.0% +9.6% -6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSHWDOWAMRZ
Held by institutions 82.7% 77.8% 46.6%
Institutions holding 1,740 1,208 462
Change in shares held, QoQ +3.3% +9.9% +7.5%
Institutions buying 746 548 289
Institutions selling 718 451 128
Buyers to sellers 1.04 1.22 2.26

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.

SHWDOWAMRZ
SHW 1.00 -0.14 0.52
DOW -0.14 1.00 -0.02
AMRZ 0.52 -0.02 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, SHW, DOW and AMRZ?

Sherwin Williams (SHW) is the largest by market capitalisation: Sherwin Williams (SHW) $81.88B, Dow (DOW) $24.67B, Amrize (AMRZ) $21.73B.

Which stock is cheaper, SHW, DOW and AMRZ?

Amrize (AMRZ) trades on the lowest price-to-earnings ratio (Sherwin Williams (SHW) 30.5x, Dow (DOW) -27.5x, Amrize (AMRZ) 17.9x). On next year's consensus earnings, Dow (DOW) is cheapest (Sherwin Williams (SHW) 26.5x, Dow (DOW) 13.0x, Amrize (AMRZ) 17.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sherwin Williams (SHW) grew revenue fastest over the trailing twelve months: Sherwin Williams (SHW) +5.8%, Dow (DOW) +4.2%, Amrize (AMRZ) +5.1%.

Which company is more profitable?

Sherwin Williams (SHW) has the highest net margin (Sherwin Williams (SHW) 11.0%, Dow (DOW) -2.1%, Amrize (AMRZ) 10.0%). On return on invested capital, Sherwin Williams (SHW) leads (Sherwin Williams (SHW) 19.2%, Dow (DOW) 2.0%, Amrize (AMRZ) 7.7%).

Which stock has performed better?

Over the past year Dow (DOW) returned the most: Sherwin Williams (SHW) +1.6%, Dow (DOW) +33.0%, Amrize (AMRZ) -18.5%. Over five years, Sherwin Williams (SHW) compounded fastest (Sherwin Williams (SHW) +1.9%/yr, Dow (DOW) -11.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

By one-year price volatility, Sherwin Williams (SHW) has been the steadiest (Sherwin Williams (SHW) 27.9%, Dow (DOW) 41.7%, Amrize (AMRZ) 37.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SHW, DOW and AMRZ?

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 7. 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.