Sherwin Williams (SHW) Shares Outstanding (Diluted) (2009 - 2026)
Sherwin Williams' Weighted Average Shares Outstanding (Diluted) was 242.8 million in Q3 2026, down 2.5% from 249 million a year earlier and down 1.3% from the prior quarter.
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Analysis
Sherwin Williams (SHW) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding (Diluted) at Sherwin Williams came in at 250.4 million, down 1.5% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has now declined for seven consecutive years, with a five-year compound annual growth rate of -1.9% (FY2020 to FY2025).
- In earlier years, Weighted Average Shares Outstanding (Diluted) was 254.1 million in FY2024 (-1.6%), 258.3 million in FY2023 (-1.3%), 261.8 million in FY2022 (-2.0%) and 267.1 million in FY2021 (-3.2%).
- The Q3 2026 figure marks the lowest quarterly Weighted Average Shares Outstanding (Diluted) in data going back to Q2 2009.
- Compared with a year earlier, Weighted Average Shares Outstanding (Diluted) has declined for 31 straight quarters, with an average decline of 1.7% over the last eight quarters.
- Across the past five years, year-over-year decline in Weighted Average Shares Outstanding (Diluted) ran from 1.0% in Q3 2023 to 3.2% in Q4 2021.
- Per Business Quant data, SHW's Weighted Average Shares Outstanding (Diluted) in the three quarters before Q3 2026 was 246 million (Q2 2026), 248.1 million (Q1 2026) and 250.4 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 462.51 Mn |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 871.00 Mn |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 242.80 Mn |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | 222.80 Mn |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 646.00 Mn |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | 486.52 Mn |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 223.20 Mn |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 210.00 Mn |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 138.40 Mn |
| 10 | Dow | 22.79 Bn | 8.23 Bn | 1.38 Bn | 727.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 242.80 Mn |
| Jun 30, 2026 | 246.00 Mn |
| Mar 31, 2026 | 248.10 Mn |
| Dec 31, 2025 | 250.40 Mn |
| Sep 30, 2025 | 249.00 Mn |
| Jun 30, 2025 | 251.30 Mn |
| Mar 31, 2025 | 252.50 Mn |
| Dec 31, 2024 | 254.10 Mn |
| Sep 30, 2024 | 253.90 Mn |
| Jun 30, 2024 | 254.20 Mn |
| Mar 31, 2024 | 255.80 Mn |
| Dec 31, 2023 | 258.30 Mn |
| Sep 30, 2023 | 258.40 Mn |
| Jun 30, 2023 | 258.90 Mn |
| Mar 31, 2023 | 259.70 Mn |
| Dec 31, 2022 | 261.80 Mn |
| Sep 30, 2022 | 261.10 Mn |
| Jun 30, 2022 | 261.80 Mn |
| Mar 31, 2022 | 263.10 Mn |
| Dec 31, 2021 | 267.10 Mn |
API Access
Sherwin Williams Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "SHW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();