SHW vs PPG vs AMRZ Stock Comparison

Sherwin Williams, Ppg Industries and Amrize Prices as of Oct 29, 2026 Peers: Industry group
SHW Sherwin Williams Co
$330.18 -0.1% 1M -4.5% 1Y
Market cap
$80.02B
P/E
29.9x
Revenue (TTM)
$24.91B
Div. yield
–
Paints and Coatings Basic Materials
6 wins
PPG Ppg Industries Inc
$120.05 +13.3% 1M +21.1% 1Y
Market cap
$26.56B
P/E
16.9x
Revenue (TTM)
$16.69B
Div. yield
0.02%
Paints and Coatings Basic Materials
5 wins
AMRZ Amrize Ltd
$41.61 +10.3% 1M -21.3% 1Y
Market cap
$22.45B
P/E
17.9x
Revenue (TTM)
$12.26B
Div. yield
–
Cement Basic Materials

Head to Head

11 decided of 12

Sherwin Williams leads on 6 of the 12 questions below (Sherwin Williams 6, Ppg Industries 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSHWPPGAMRZLeader
Larger companyMarket capitalisation $80.02B $26.56B $22.45B SHW
Cheaper on earningsLower P/E, profitable companies only 29.9x 16.9x 17.9x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.0x 14.7x 18.3x PPG
Faster revenue growthRevenue growth, trailing twelve months +7.0% +6.4% +3.5% SHW
More profitableNet margin, trailing twelve months 10.7% 9.4% 10.2% SHW
Better return on capitalReturn on invested capital 19.5% 11.1% 8.0% SHW
Less leveragedLower net debt / EBITDA 2.4x 1.9x 1.9x PPG
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months -4.5% +21.1% -21.3% PPG
Better 5-year returnAnnualised price return, 5 years +0.8%/yr -5.7%/yr — SHW
Less volatileAnnualised volatility, 1 year 27.6% 30.4% 37.0% SHW
Higher overall scoreMean of the five percentile scores vs peers 54/100 65/100 63/100 PPG

Percentile Scorecard

SHWPPGAMRZ

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

AxisSHWPPGAMRZ
Valuation 28 #68 of 94 60 #38 of 94 56 #5 of 10
Growth 64 #34 of 92 68 #30 of 92 –
Profitability 97 #4 of 86 84 #15 of 86 –
Financial Health 24 #71 of 93 45 #52 of 93 63 #4 of 9
Shareholder Returns 60 #29 of 71 70 #22 of 71 71 #3 of 8
Overall 54 65 63
  • SHW ranked among 99 companies in Chemicals
  • PPG 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

PeriodSHWPPGAMRZSPY
1 month -0.1%+13.3%+10.3% +0.7%
3 months -4.3%+7.1%-16.1% +3.7%
6 months +2.7%+10.6%-22.6% +7.1%
Year to date +1.9%+17.2%-23.1% +12.8%
1 year -4.5%+21.1%-21.3% +11.9%
3 years +40.3%-1.5%— +85.2%
3 years, per year +11.9%-0.5%— +22.8%
5 years +4.3%-25.2%— +67.6%
5 years, per year +0.8%-5.7%— +10.9%
10 years +304.7%+29.3%— +262.0%
10 years, per year +15.0%+2.6%— +13.7%

Risk

MeasureSHWPPGAMRZSPY
Volatility, 1Y 27.6%30.4%37.0% 12.7%
Downside volatility, 1Y 25.4%30.2%37.5% 12.6%
Beta vs S&P 500, 1Y 0.821.051.30 1.00
Return / volatility, 1Y -0.160.69-0.57 0.94
Max drawdown, 5Y -42.9%-47.0%-45.2% -25.4%
From 52-week high -11.4%-8.7%-36.8% -1.2%
52-week high $372.60$131.56$65.86 $779.14
52-week low $293.00$94.34$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.

MultipleSHWPPGAMRZ
P/E now vs peer median 29.7xmedian 21.0x 17.0xmedian 21.0x 18.1xmedian 20.7x
P/S now vs peer median 3.2xmedian 1.4x 1.6xmedian 1.4x 1.8xmedian 1.8x
EV/EBITDA now vs peer median 19.1xmedian 12.9x 11.5xmedian 12.9x 9.6xmedian 9.7x
P/FCF now vs peer median 25.9xmedian 15.5x 20.7xmedian 15.5x 20.8xmedian 32.9x
P/B now vs peer median 20.1xmedian 1.7x 3.1xmedian 1.7x 1.7xmedian 2.4x
PEG now vs peer median 5.31median 1.68 3.03median 1.68 —median 3.42

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 monthsSHWPPGAMRZ
Revenue $24.91B $16.69B $12.26B
Gross profit $12.11B $6.83B $3.05B
Operating income $4.03B $2.24B $1.90B
Net income $2.68B $1.57B $1.26B
Free cash flow $3.08B $1.28B $1.08B
R&D – $458.00M –
EPS (diluted) $11.02 $7.03 $2.30
Cash & equivalents $264.20M $1.59B $299.00M
Total debt $11.80B $6.84B $5.85B
Shares (diluted) 242.80M 223.20M 545.50M
Enterprise value $79.04B $19.49B $18.40B

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
MetricSHWPPGAMRZ
P/E 29.7x 17.0x 18.1x
P/FCF 25.9x 20.7x 20.8x
P/Operating cash flow 21.7x 13.0x 11.1x
P/S 3.2x 1.6x 1.8x
P/B 20.1x 3.1x 1.7x
P/Tangible book 343.3x 3.9x 2.0x
EV/EBITDA 19.1x 11.5x 9.6x
EV/EBIT 22.7x 14.2x 14.7x
EV/Revenue 3.7x 1.9x 2.3x
EV/FCF 29.7x 24.7x 25.9x
EV/Operating cash flow 24.8x 15.5x 13.9x
PEG (3Y EPS CAGR) 5.31 3.03 –

Growth

14 metrics
MetricSHWPPGAMRZ
Revenue growth (1Y) 7.0% 6.4% 3.5%
Revenue CAGR (3Y) 2.7% 1.3% –
Gross profit growth (1Y) 6.4% 5.4% 0.0%
Gross profit CAGR (3Y) 5.1% 2.6% –
Operating income growth (1Y) 7.9% 4.1% -3.5%
Operating income CAGR (3Y) 3.9% 1.4% –
Net income growth (1Y) 4.1% 59.8% 8.7%
Net income CAGR (3Y) 3.4% 2.9% –
EPS growth (1Y) 6.7% 60.0% 10.0%
EPS CAGR (3Y) 5.6% 5.6% –
Operating cash flow growth (1Y) 11.8% 46.2% -6.1%
Operating cash flow CAGR (3Y) 4.3% -1.4% –
Free cash flow growth (1Y) 26.8% 79.3% -24.4%
Free cash flow CAGR (3Y) 8.0% -7.8% –

Profitability

14 metrics
MetricSHWPPGAMRZ
Gross margin 48.6% 40.9% 24.8%
EBITDA margin 19.2% 16.6% 23.6%
Operating margin 16.2% 13.4% 15.5%
Pretax margin 14.0% 12.6% 12.8%
Net margin 10.7% 9.4% 10.2%
FCF margin 12.4% 7.7% 8.8%
Operating cash flow margin 14.8% 12.3% 16.4%
Return on equity 68.3% 18.5% 9.8%
Return on assets 9.9% 7.0% 5.1%
Return on invested capital 19.5% 11.1% 8.0%
Return on capital employed 23.6% 12.9% 9.3%
Asset turnover 0.9x 0.7x 0.5x
Cash conversion (OCF / net income) 1.4x 1.3x 1.6x
Stock comp / revenue 0.5% 0.3% 0.3%

Financial Health

11 metrics
MetricSHWPPGAMRZ
Debt / assets 43.7% 30.3% 24.0%
Debt / equity 3.0x 0.8x 0.5x
Net debt / EBITDA 2.4x 1.9x 1.9x
Debt / FCF 3.8x 5.3x 5.4x
Liabilities / assets 85.3% 61.8% 47.6%
Equity / assets 14.7% 38.2% 52.4%
Interest coverage 7.5x 8.7x –
Current ratio 0.7x 1.6x 1.1x
Quick ratio 0.4x 1.1x 0.6x
Cash ratio 0.0x 0.3x 0.1x
Altman Z-score 3.51 3.84 2.02

Shareholder Returns

7 metrics
MetricSHWPPGAMRZ
Dividend yield 1.0% 2.4% 1.6%
Net buyback yield 2.9% 1.6% –
Shareholder yield 3.9% 4.0% 1.6%
Payout ratio (earnings) – 40.8% –
Payout ratio (FCF) – 50.1% –
Dividend growth (1Y) – 2.4% –
Dividend CAGR (3Y) – 2.9% –

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.

ConsensusSHWPPGAMRZ
Forward P/E 26.0xFY2026 14.7xFY2026 18.3xFY2026
EPS, next fiscal year $12.68FY2026 $8.18FY2026 $2.28FY2026
EPS growth, next FY +10.9%FY2026 +7.9%FY2026 +6.5%FY2026
EPS growth, the year after -0.4% +10.6% +24.1%
Revenue, next fiscal year $23.55BFY2026 $17.59BFY2026 $13.11BFY2026
Revenue growth, next FY -0.1%FY2026 +10.7%FY2026 +11.0%FY2026
Revenue growth, the year after +4.0% -6.7% -6.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSHWPPGAMRZ
Held by institutions 82.7% 90.3% 46.6%
Institutions holding 1,741 1,097 462
Change in shares held, QoQ +3.3% +0.1% +7.5%
Institutions buying 747 521 289
Institutions selling 718 356 128
Buyers to sellers 1.04 1.46 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.

SHWPPGAMRZ
SHW 1.00 0.73 0.54
PPG 0.73 1.00 0.57
AMRZ 0.54 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SHW, PPG and AMRZ?

Sherwin Williams (SHW) is the largest by market capitalisation: Sherwin Williams (SHW) $80.02B, Ppg Industries (PPG) $26.56B, Amrize (AMRZ) $22.45B.

Which stock is cheaper, SHW, PPG and AMRZ?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Sherwin Williams (SHW) 29.9x, Ppg Industries (PPG) 16.9x, Amrize (AMRZ) 17.9x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Sherwin Williams (SHW) 26.0x, Ppg Industries (PPG) 14.7x, Amrize (AMRZ) 18.3x). 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) +7.0%, Ppg Industries (PPG) +6.4%, Amrize (AMRZ) +3.5%.

Which company is more profitable?

Sherwin Williams (SHW) has the highest net margin (Sherwin Williams (SHW) 10.7%, Ppg Industries (PPG) 9.4%, Amrize (AMRZ) 10.2%). On return on invested capital, Sherwin Williams (SHW) leads (Sherwin Williams (SHW) 19.5%, Ppg Industries (PPG) 11.1%, Amrize (AMRZ) 8.0%).

Which stock has performed better?

Over the past year Ppg Industries (PPG) returned the most: Sherwin Williams (SHW) -4.5%, Ppg Industries (PPG) +21.1%, Amrize (AMRZ) -21.3%. Over five years, Sherwin Williams (SHW) compounded fastest (Sherwin Williams (SHW) +0.8%/yr, Ppg Industries (PPG) -5.7%/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%, Ppg Industries (PPG) 0.02%, 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) 27.6%, Ppg Industries (PPG) 30.4%, Amrize (AMRZ) 37.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SHW, PPG 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 6. 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.