SHW vs PPG Stock Comparison

Sherwin Williams and Ppg Industries Prices as of Oct 23, 2026 Peers: Industry group
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
6 wins
PPG Ppg Industries Inc
$110.60 +3.2% 1M +6.9% 1Y
Market cap
$24.51B
P/E
15.6x
Revenue (TTM)
$16.42B
Div. yield
0.03%
Paints and Coatings Basic Materials
5 wins

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.

QuestionSHWPPGLeader
Larger companyMarket capitalisation $81.88B $24.51B SHW
Cheaper on earningsLower P/E, profitable companies only 30.5x 15.6x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.5x 13.5x PPG
Faster revenue growthRevenue growth, trailing twelve months +5.8% +5.0% SHW
More profitableNet margin, trailing twelve months 11.0% 9.6% SHW
Better return on capitalReturn on invested capital 19.2% 10.9% SHW
Less leveragedLower net debt / EBITDA 2.5x 1.9x PPG
Higher dividend yieldTrailing dividend yield 0.00% 0.03% –
Better 1-year returnPrice return, last 12 months +1.6% +6.9% PPG
Better 5-year returnAnnualised price return, 5 years +1.9%/yr -7.3%/yr SHW
Less volatileAnnualised volatility, 1 year 27.9% 30.6% SHW
Higher overall scoreMean of the five percentile scores vs peers 55/100 68/100 PPG

Percentile Scorecard

SHWPPG

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

AxisSHWPPG
Valuation 26 #70 of 94 66 #33 of 94
Growth 73 #26 of 92 74 #25 of 92
Profitability 98 #3 of 89 86 #13 of 89
Financial Health 23 #75 of 97 47 #52 of 97
Shareholder Returns 57 #31 of 70 70 #22 of 70
Overall 55 68
  • SHW ranked among 99 companies in Chemicals
  • PPG ranked among 99 companies in Chemicals

Price Performance

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

Returns

PeriodSHWPPGSPY
1 month +3.3%+3.2% -1.0%
3 months +6.2%-4.7% +2.9%
6 months -0.2%+0.7% +6.4%
Year to date +4.0%+7.9% +11.4%
1 year +1.6%+6.9% +13.1%
3 years +43.5%-10.0% +79.4%
3 years, per year +12.8%-3.4% +21.5%
5 years +9.9%-31.6% +67.7%
5 years, per year +1.9%-7.3% +10.9%
10 years +264.9%+19.7% +255.2%
10 years, per year +13.8%+1.8% +13.5%

Risk

MeasureSHWPPGSPY
Volatility, 1Y 27.9%30.6% 12.7%
Downside volatility, 1Y 25.5%31.4% 12.7%
Beta vs S&P 500, 1Y 0.851.04 1.00
Return / volatility, 1Y 0.060.22 1.03
Max drawdown, 5Y -42.9%-47.0% -25.4%
From 52-week high -9.5%-15.9% -2.5%
52-week high $372.60$131.56 $779.14
52-week low $293.00$94.34 $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.

MultipleSHWPPG
P/E now vs peer median 30.6xmedian 21.5x 15.7xmedian 21.5x
P/S now vs peer median 3.4xmedian 1.4x 1.5xmedian 1.4x
EV/EBITDA now vs peer median 19.8xmedian 12.4x 11.0xmedian 12.4x
P/FCF now vs peer median 25.5xmedian 15.5x 17.5xmedian 15.5x
P/B now vs peer median 21.2xmedian 1.6x 2.9xmedian 1.6x
PEG now vs peer median 4.71median 1.70 1.95median 1.70

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 monthsSHWPPG
Revenue $24.41B $16.42B
Gross profit $11.96B $6.72B
Operating income $3.99B $2.18B
Net income $2.69B $1.57B
Free cash flow $3.21B $1.41B
R&D – $458.00M
EPS (diluted) $10.93 $7.02
Cash & equivalents $293.50M $1.52B
Total debt $12.07B $6.89B
Shares (diluted) 246.00M 223.90M
Enterprise value $80.92B $17.16B

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
MetricSHWPPG
P/E 30.6x 15.7x
P/FCF 25.5x 17.5x
P/Operating cash flow 21.1x 11.4x
P/S 3.4x 1.5x
P/B 21.2x 2.9x
P/Tangible book 1,605x 3.7x
EV/EBITDA 19.8x 11.0x
EV/EBIT 23.4x 13.7x
EV/Revenue 3.8x 1.8x
EV/FCF 29.1x 21.2x
EV/Operating cash flow 24.1x 13.8x
PEG (3Y EPS CAGR) 4.71 1.95

Growth

14 metrics
MetricSHWPPG
Revenue growth (1Y) 5.8% 5.0%
Revenue CAGR (3Y) 2.1% 1.2%
Gross profit growth (1Y) 6.0% 3.8%
Gross profit CAGR (3Y) 5.7% 3.4%
Operating income growth (1Y) 8.1% 1.6%
Operating income CAGR (3Y) 5.4% 3.1%
Net income growth (1Y) 5.6% 56.2%
Net income CAGR (3Y) 4.7% 5.5%
EPS growth (1Y) 7.9% 58.1%
EPS CAGR (3Y) 6.5% 8.0%
Operating cash flow growth (1Y) 27.0% 50.0%
Operating cash flow CAGR (3Y) 14.7% 7.2%
Free cash flow growth (1Y) 49.1% 85.4%
Free cash flow CAGR (3Y) 22.4% 2.9%

Profitability

14 metrics
MetricSHWPPG
Gross margin 49.0% 40.9%
EBITDA margin 19.3% 16.5%
Operating margin 16.4% 13.3%
Pretax margin 14.3% 12.4%
Net margin 11.0% 9.6%
FCF margin 13.2% 8.6%
Operating cash flow margin 15.9% 13.2%
Return on equity 64.9% 18.8%
Return on assets 10.1% 7.1%
Return on invested capital 19.2% 10.9%
Return on capital employed 23.4% 12.7%
Asset turnover 0.9x 0.7x
Cash conversion (OCF / net income) 1.4x 1.4x
Stock comp / revenue 0.5% 0.2%

Financial Health

11 metrics
MetricSHWPPG
Debt / assets 44.8% 30.6%
Debt / equity 3.1x 0.8x
Net debt / EBITDA 2.5x 1.9x
Debt / FCF 3.8x 4.9x
Liabilities / assets 85.7% 61.9%
Equity / assets 14.3% 38.1%
Interest coverage 7.7x 8.5x
Current ratio 0.7x 1.6x
Quick ratio 0.4x 1.1x
Cash ratio 0.0x 0.3x
Altman Z-score 3.51 3.72

Shareholder Returns

7 metrics
MetricSHWPPG
Dividend yield 0.9% 2.6%
Net buyback yield 3.0% 1.7%
Shareholder yield 4.0% 4.3%
Payout ratio (earnings) – 40.2%
Payout ratio (FCF) – 44.8%
Dividend growth (1Y) – 1.9%
Dividend CAGR (3Y) – 3.0%

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.

ConsensusSHWPPG
Forward P/E 26.5xFY2026 13.5xFY2026
EPS, next fiscal year $12.70FY2026 $8.19FY2026
EPS growth, next FY +11.1%FY2026 +8.0%FY2026
EPS growth, the year after -0.2% +11.0%
Revenue, next fiscal year $23.56BFY2026 $17.60BFY2026
Revenue growth, next FY -0.1%FY2026 +10.8%FY2026
Revenue growth, the year after +4.0% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSHWPPG
Held by institutions 82.7% 90.3%
Institutions holding 1,740 1,095
Change in shares held, QoQ +3.3% +0.1%
Institutions buying 746 519
Institutions selling 718 356
Buyers to sellers 1.04 1.46

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.

SHWPPG
SHW 1.00 0.74
PPG 0.74 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SHW and PPG?

Sherwin Williams (SHW) is the largest by market capitalisation: Sherwin Williams (SHW) $81.88B, Ppg Industries (PPG) $24.51B.

Which stock is cheaper, SHW and PPG?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Sherwin Williams (SHW) 30.5x, Ppg Industries (PPG) 15.6x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Sherwin Williams (SHW) 26.5x, Ppg Industries (PPG) 13.5x). 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%, Ppg Industries (PPG) +5.0%.

Which company is more profitable?

Sherwin Williams (SHW) has the highest net margin (Sherwin Williams (SHW) 11.0%, Ppg Industries (PPG) 9.6%). On return on invested capital, Sherwin Williams (SHW) leads (Sherwin Williams (SHW) 19.2%, Ppg Industries (PPG) 10.9%).

Which stock has performed better?

Over the past year Ppg Industries (PPG) returned the most: Sherwin Williams (SHW) +1.6%, Ppg Industries (PPG) +6.9%. Over five years, Sherwin Williams (SHW) compounded fastest (Sherwin Williams (SHW) +1.9%/yr, Ppg Industries (PPG) -7.3%/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) 0.03%. Sherwin Williams (SHW) 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%, Ppg Industries (PPG) 30.6%). Volatility measures how widely the price swings, not the risk of the business.

Do SHW and PPG move together?

Their daily returns over the past year have a correlation of 0.74, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, SHW and PPG?

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.