SHW Sherwin-Williams Company (The) Common Stock

NYSE · Chemicals · View on SEC EDGAR ↗
$348.70
Price · Aug 24, 2026
Fundamentals as of Jul 28, 2026

About Sherwin-Williams Company (The) Common Stock Company overview from Wikipedia

Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floor coverings, and related products with operations in over 120 countries. It is the largest coatings company in the world by revenue.

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Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floor coverings, and related products with operations in over 120 countries. It is the largest coatings company in the world by revenue.

The company is ranked 191st on the Fortune 500 and 453rd on the Forbes Global 2000. Sherwin-Williams has created more than 35,000 color names for paint over its history, and as of 2023, it has nearly 200 distinct shades of white classified as either warm or cool.

History

Sherwin-Williams dates from 1866, when Cleveland bookkeeper Henry Sherwin invested in Truman Dunham & Co., a paint distributorship. After the partnership dissolved in 1870, he formed Sherwin, Williams, & Co. with Edward Williams and A.T. Osborn. For its first factory, in 1873 the company acquired a cooperage in Cleveland from Standard Oil.

Sherwin-Williams was incorporated in Ohio on July 16, 1884, two years after Osborn sold his interest in the company while retaining the retail operations. The company grew through acquisitions and expansions in the late 19th and early 20th century. In the early 1920s, the company became the largest coatings manufacturer in the U.S.

In 1875, Sherwin-Williams started selling ready-mixed paint. Previously, consumers bought paint ingredients that they themselves would mix together. In 1930, Sherwin-Williams moved its headquarters to Cleveland's Midland Building, where stayed for over 75 years.

In 1941, Sherwin-Williams introduced Kem-Tone, a water-based fast-drying interior paint and the Sherwin-Williams Roller-KoaterTM paint applicator. In 1996, the American Chemical Society named the product a National Historic Chemical Landmark.

Sherwin-Williams experienced a downturn in the 1970s, and Gulf and Western Industries unsuccessfully attempted to take over. The company recovered by fending off the raid and undergoing a series of acquisitions in the 1980s and 1990s, as well as divesting its non-coatings businesses. In 1995, it employed 18,000 people, including 3,200 in Ohio. By 2002, the company operated more than 2,500 stores.

In 2014, Sherwin-Williams offered to donate $1 million to the Angels Baseball Foundation if a home run ball landed in a giant paint near the center-field fence of Angel Stadium in Anaheim, California on the fly, though the requirement the ball land on the fly was not noted on the billboard as the billboard simply stated "Angels home run in the can $1,000,000". On September 19, 2017, a home run ball landed in the can after bouncing. Some commentators were upset that a donation wasn't made "due to a lame technicality", causing a public relations embarrassment. In 2016, the first paint registered as microbicidal with the United States Environmental Protection Agency was brought to market by Sherwin-Williams.

In September 2019, the company announced that it would move its headquarters to a larger site, and in February 2020, confirmed it would remain in the Cleveland area. That month, the company also began work on a new R&D center in Brecksville, OH. The Sherwin-Williams Headquarters location was clarified in March 2020, with the company committing to constructing a new building complex, also in Downtown Cleveland. The downtown HQ was originally projected to open in 2023, but a construction pause due to the COVID-19 pandemic delayed the projected opening until 2024. The company invested $600 million (US) in its new facilities, providing working space for 3,500 employees.

In November 2020, the company fired employee Tony Piloseno, who'd amassed over 1.4 million viewers on his TikTok paint mixing channel, Tonesterpaints, for alleged misconduct. The company was criticized for their perceived mishandling of the situation with critics believing the company failed to realize the marketing opportunity they'd just lost. Piloseno received multiple offers of employment from Sherwin-Williams' industry rivals and took up a position with Florida Paints where he will have his own art studio and develop his own custom range of paints. Commentators pointed out the differing reaction the company had after going viral when compared to other companies such as Ocean Spray, who had positively reacted to going viral on the TikTok platform.

Acquisitions

In 2004, Sherwin-Williams acquired Paint Sundry Brands for $295 million and Duron Inc. for $253 million. In June 2007, Sherwin-Williams announced that it had completed an acquisition of M.A. Bruder & Sons, a manufacturer and distributor of paints and coatings. On July 6 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. In June 2012, Sherwin-Williams acquired Geocel Holdings Corp for an undisclosed amount. In March 2016, Sherwin-Williams acquired the Valspar Corporation for $11.3 billion.

In April 2022, the company announced that it had completed an acquisition of the European industrial coatings business of Sika AG. In June 2022, the company agreed to acquire Gross & Perthun GmbH. This Germany-based distributor primarily manufactures and distributes coatings for the heavy equipment and transportation industries.

Corporate structure

The company was founded by Henry Sherwin and Edward Williams in Cleveland in 1866. The company operates through three segments: The Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.

Paint Stores Group

Paint Stores Group, formerly the Americas Group, was the first section of the company to be established, in 1866. These stores market and sell Sherwin-Williams branded architectural paints and coatings, industrial and marine products, floorcovering, and related equipment and supplies. As of the end of 2019, Paint Stores Group had expanded to 4,758 stores, including more than 135 floorcovering centers.

Consumer Brands Group

The Consumer Brands Group develops, manufactures, and distributes various paints, coatings, and related products. Brands include Cabot, Dupli-Color, Dutch Boy, Geocel, Huarun, HGTV Home, Krylon, Minwax, Purdy, Ronseal, Thompson's WaterSeal, Valspar, and White Lightning to third party customers in addition to overseeing the operations maintained by the Paint Stores Group.

On August 28, 2007, Sherwin Williams purchased Columbia Paint & Coatings. On July 6, 2011, Sherwin-Williams acquired Leighs Paints, based in Bolton UK, manufacturers of intumescent and high performance industrial coatings. In late 2012, Sherwin Williams began the process of purchasing the Comex Group. Comex was the 4th largest paint manufacturer in North America. After Mexican antitrust regulators voted against the deal twice, Sherwin-Williams bought Comex's US and Canadian divisions for $165 million on September 16, 2013. PPG, US-based paint and coating company, acquired Comex's Mexican division for $2.3 billion. In March 2016, it was announced that Valspar would be acquired for $9.3 billion. The merger was finalized June 1, 2017.

Performance Coatings Group

The Performance Coatings Group sells coatings and finishes to industrial, wood furniture manufacturing, marine, packaging, and automotive markets in more than 110 countries. The Group also contains Valspar's automotive refinishes business.

Legal and regulatory issues

Lead paint

In January 2014, the Santa Clara County Superior Court ruled that Sherwin-Williams, NL Industries and ConAgra were jointly and severally liable for $1.15 billion, to be paid into a lead paint abatement fund to be used to remove lead paint from older housing. The judge ruled that the paint companies manufactured, marketed, and sold lead paint without disclosing the health risks to the consumers in spite of "actual and constructive knowledge that it was harmful". In March 2014 Sherwin-Williams was denied a new trial. In July 2019, a $305 million settlement was reached.

In 2018, multiple counties in Pennsylvania sued Sherwin-Williams over lead paint matters. Sherwin-Williams attempted to counter-sue, but that attempt was denied in October 2019, and the denial was upheld in July 2020.

In 2026 The Plain Dealer newspaper of Cleveland published a five-part series on Sherwin-Williams' past use of lead in its paint called Our Sherwin-Williams Dilemma, produced using Sherwin-Williams' document archive.

Pollution

On April 9, 2018, Milwaukee Mayor Tom Barrett and representing attorneys uncovered that Sherwin-Williams tried to "shift the blame to contaminated water in an effort" to avoid having to pay tens of millions of dollars in settlements. Almost 170 children had been affected by the potentially fatal lead poisoning.

In December 2019, Sherwin-Williams was sued by New Jersey for discharging industrial waste from three sites and failing to disclose the pollution to the New Jersey Department of Environmental Protection.

Underpayment of wages

In May 2020, Sherwin-Williams agreed to pay $3.6 million to settle a lawsuit brought by workers in California alleging underpayment of wages and failure to provide obligatory meal or rest breaks.

Water-based paint

Starting in 2008, businessman John Tyczki entered into an agreement with Sherwin-Williams on the basis of assurances provided by Sherwin-Williams about its water-based paint products. When the products failed to live up to these assurances, causing ongoing problems for his business, Tyczki sued Sherwin-Williams and was awarded $2.88M.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

SHW Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$348.70
Market Cap
$86.37B
P/E (TTM)
34.0
EPS (TTM)
$10.26
Revenue (TTM)
$23.57B
Div Yield
0.91%
ROE
57.1%
Debt/Equity
2.4
52W Range
$290 – $378

SHW Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $23.57B
3-point trend, +2.3%
2023-12-31 2025-12-31
EPS $10.26
3-point trend, +10.9%
2023-12-31 2025-12-31
Free Cash Flow $2.65B
3-point trend, +0.8%
2023-12-31 2025-12-31
Margins 10.9%
3-point trend, +4.7%
2023-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
SHW
Peer Median
P/E (TTM)
3-point trend, -6.3%
34.0
59.2
P/S (TTM)
3-point trend, -1.1%
3.7
1.7
P/B
3-point trend, -18.3%
18.8
1.0
Price / FCF
3-point trend, +0.3%
32.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
SHW
Peer Median
Gross Margin
3-point trend, +4.7%
48.9%
22.2%
Net Profit Margin
3-point trend, +5.2%
10.9%
0.02%
ROA
3-point trend, -0.3%
10.4%
0.02%
ROE
3-point trend, -10.4%
57.1%
0.02%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
SHW
Peer Median
Debt / Equity
3-point trend, -10.8%
2.4
17.5
Current Ratio
3-point trend, +4.4%
0.9
2.9
Quick Ratio
3-point trend, +4.6%
0.4

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
SHW
Peer Median
Revenue YoY
3-point trend, +2.3%
2.1%
Revenue CAGR 3Y
3-point trend, +2.3%
2.1%
Revenue CAGR 5Y
3-point trend, +2.3%
5.1%
EPS YoY
3-point trend, +10.9%
-2.8%
Net Income YoY
3-point trend, +7.5%
-4.2%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
SHW
Peer Median
EPS (Diluted)
3-point trend, +10.9%
$10.26

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
SHW
Peer Median
Payout Ratio
3-point trend, +17.8%
30.8%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.91%
Payout Ratio
30.8%
5Y Div CAGR
Ex-dateAmount
Aug. 21, 2026$0.8000
May 22, 2026$0.8000
March 2, 2026$0.8000
Nov. 14, 2025$0.7900
Aug. 15, 2025$0.7900
May 16, 2025$0.7900
March 3, 2025$0.7900
Nov. 15, 2024$0.7150
Aug. 16, 2024$0.7150
May 16, 2024$0.7150
Feb. 23, 2024$0.7150
Nov. 16, 2023$0.6050
Aug. 17, 2023$0.6050
May 18, 2023$0.6050
Feb. 24, 2023$0.6050
Nov. 17, 2022$0.6000
Aug. 18, 2022$0.6000
May 19, 2022$0.6000
Feb. 25, 2022$0.6000
Nov. 18, 2021$0.5500

SHW Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 29 analysts
  • Strong Buy 4 13.8%
  • Buy 12 41.4%
  • Hold 13 44.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

21 analysts · 2026-08-24
Median target $395.00 +13.3%
Mean target $390.57 +12.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Beat Rate
62.5%
Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $3.70 $3.55 0.15%
March 31, 2026 $2.35 $2.28 0.07%
Dec. 31, 2025 $2.23 $2.18 0.05%
Sept. 30, 2025 $3.59 $3.47 0.12%
June 30, 2025 $3.38 $3.84 -0.46%
March 31, 2025 $2.25 $2.18 0.07%
Sept. 30, 2000 $0.22 $0.25 -0.03%
June 30, 2000 $0.24 $0.24 -0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
SHW $80.26B 31.6 2.1% 10.9% 57.1% 48.9%
ECL $74.03B 36.1 2.2% 12.9% 22.4%
PPG $22.89B 14.8 0.19% 9.9% 21.4%
IFF $17.23B -47.8 -5.2% -3.3% -2.6% 36.2%
DD -21.6 1.9% -11.4% -4.2%
ALB -24.6 -4.4%
RPM $13.53B 20.5 6.7% 8.4% 21.3% 41.4%
SOLS $7.71B 32.6 3.1% 6.1% 10.2%
NEU $6.46B 15.5 -2.2% 15.4% 24.7% 31.5%
EMN $14.29B 15.6 -6.7% 5.4% 8.1% 21.1%
ESI $6.74B 31.6 3.8% 7.5% 7.5% 42.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for SHW
Metric Trend 2025202420232022
Revenue 4-point trend, +6.4% $23.57B $23.10B $23.05B $22.15B
Cost of Revenue 4-point trend, -6.0% $12.06B $11.90B $12.29B $12.82B
Gross Profit 4-point trend, +23.5% $11.52B $11.20B $10.76B $9.33B
SG&A Expense 4-point trend, +21.5% $7.70B $7.42B $7.07B $6.33B
Operating Income 2-point trend, +22.5% · · $4.16B $3.40B
Interest Expense 2-point trend, +6.8% · · $418M $391M
Interest Income 2-point trend, +215.0% · · $25M $8M
Other Non-op 4-point trend, +55.5% $-21M $45M $-66M $-47M
Pretax Income 4-point trend, +29.7% $3.34B $3.45B $3.11B $2.57B
Income Tax 4-point trend, +39.2% $770M $770M $721M $553M
Net Income 4-point trend, +27.1% $2.57B $2.68B $2.39B $2.02B
EPS (Basic) 4-point trend, +32.4% $10.37 $10.68 $9.35 $7.83
EPS (Diluted) 4-point trend, +32.9% $10.26 $10.55 $9.25 $7.72
Shares (Basic) 4-point trend, -4.0% 247,600,000 251,000,000 255,400,000 258,000,000
Shares (Diluted) 4-point trend, -4.4% 250,400,000 254,100,000 258,300,000 261,800,000
EBITDA 2-point trend, +22.5% · · $4.16B $3.40B
Balance Sheet 28
Annual Balance Sheet data for SHW
Metric Trend 2025202420232022
Cash & Equivalents 4-point trend, +4.2% $207M $210M $277M $199M
Receivables 4-point trend, +8.9% $2.79B $2.39B $2.47B $2.56B
Inventory 4-point trend, -11.7% $2.32B $2.29B $2.33B $2.63B
Other Current Assets 4-point trend, +33.2% $691M $514M $438M $519M
Current Assets 4-point trend, +1.7% $6.01B $5.40B $5.51B $5.91B
PP&E (Net) 4-point trend, +87.5% $4.14B $3.53B $2.84B $2.21B
PP&E (Gross) 4-point trend, +42.4% $7.39B $6.72B $5.88B $5.19B
Accum. Depreciation 4-point trend, +9.0% $3.25B $3.19B $3.04B $2.98B
Goodwill 4-point trend, +6.0% $8.04B $7.58B $7.63B $7.58B
Intangibles 4-point trend, -0.9% $3.97B $3.53B $3.88B $4.00B
Other Non-current Assets 4-point trend, +71.2% $1.76B $1.63B $1.21B $1.03B
Total Assets 4-point trend, +14.6% $25.90B $23.63B $22.95B $22.59B
Accounts Payable 4-point trend, -3.4% $2.35B $2.25B $2.31B $2.44B
Short-term Debt 4-point trend, +22.7% $1.20B $662M $374M $978M
Current Liabilities 4-point trend, +16.1% $6.92B $6.81B $6.63B $5.96B
Capital Leases 4-point trend, +5.2% $1.59B $1.56B $1.51B $1.51B
Deferred Tax 4-point trend, +12.3% $765M $608M $683M $682M
Other Non-current Liabilities 4-point trend, +60.3% $2.58B $2.31B $1.91B $1.61B
Long-term Debt 4-point trend, +0.8% $9.67B $9.23B $9.48B $9.59B
Total Debt 4-point trend, +2.9% $10.87B $9.89B $9.85B $10.57B
Common Stock 4-point trend, -8.9% $83M $92M $92M $91M
Paid-in Capital 4-point trend, +6.1% $4.20B $4.58B $4.19B $3.96B
Retained Earnings 4-point trend, -70.8% $1.03B $7.25B $5.29B $3.52B
Treasury Stock 4-point trend, -97.8% $84M $6.99B $5.23B $3.78B
AOCI 4-point trend, +9.4% $-634M $-875M $-624M $-701M
Stockholders' Equity 4-point trend, +48.2% $4.60B $4.05B $3.72B $3.10B
Liabilities + Equity 4-point trend, +14.6% $25.90B $23.63B $22.95B $22.59B
Shares Outstanding 4-point trend, -4.3% 247,700,000 251,300,000 254,500,000 258,875,999
Cash Flow 15
Annual Cash Flow data for SHW
Metric Trend 2025202420232022
Stock-based Comp 4-point trend, +23.9% $124M $138M $116M $100M
Deferred Tax 4-point trend, +205.8% $153M $-75M $-89M $-145M
Amort. of Intangibles 4-point trend, +6.1% $337M $327M $330M $317M
Restructuring 3-point trend, +132.2% $111M · $15M $48M
Operating Cash Flow 4-point trend, +79.8% $3.45B $3.15B $3.52B $1.92B
CapEx 4-point trend, +23.8% $798M $1.07B $888M $644M
Investing Cash Flow 4-point trend, -28.5% $-2.07B $-1.20B $-1.04B $-1.61B
Debt Issued 4-point trend, +50.0% $1.50B $849M $0 $1000M
Net Debt Issued 4-point trend, -39.2% $449M $-251M $-136M $739M
Dividends Paid 4-point trend, +27.7% $790M $723M $624M $618M
Financing Cash Flow 4-point trend, -388.2% $-1.38B $-2.02B $-2.42B $-282M
Net Change in Cash 4-point trend, -109.7% $-3M $-66M $78M $33M
Taxes Paid $593M · · ·
Free Cash Flow 4-point trend, +108.1% $2.65B $2.08B $2.63B $1.28B
Levered FCF 2-point trend, +138.8% · · $2.31B $969M
Profitability 8
Annual Profitability data for SHW
Metric Trend 2025202420232022
Gross Margin 4-point trend, +16.0% 48.9% 48.5% 46.7% 42.1%
Operating Margin 2-point trend, +17.7% · · 18.1% 15.3%
Net Margin 4-point trend, +19.5% 10.9% 11.6% 10.4% 9.1%
Pretax Margin 4-point trend, +21.9% 14.2% 14.9% 13.5% 11.6%
EBITDA Margin 2-point trend, +17.7% · · 18.1% 15.3%
ROA 4-point trend, +15.1% 10.4% 11.3% 10.4% 9.0%
ROE 4-point trend, -19.5% 57.1% 65.3% 63.7% 70.9%
ROIC 2-point trend, +20.8% · · 23.6% 19.5%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for SHW
Metric Trend 2025202420232022
Current Ratio 4-point trend, -12.4% 0.9 0.8 0.8 1.0
Quick Ratio 4-point trend, -6.5% 0.4 0.4 0.4 0.5
Debt / Equity 4-point trend, -30.6% 2.4 2.4 2.7 3.4
LT Debt / Equity 4-point trend, -34.4% 2.0 2.0 2.3 3.1
Interest Coverage 2-point trend, +14.7% · · 10.0 8.7
Efficiency 3
Annual Efficiency data for SHW
Metric Trend 2025202420232022
Asset Turnover 4-point trend, -3.7% 1.0 1.0 1.0 1.0
Inventory Turnover 4-point trend, +5.6% 5.2 5.2 5.4 5.0
Receivables Turnover 4-point trend, +12.2% 9.1 8.6 8.5 8.1
Per Share 6
Annual Per Share data for SHW
Metric Trend 2025202420232022
Book Value / Share 4-point trend, +54.9% $18.56 $16.12 $14.60 $11.98
Revenue / Share 4-point trend, +11.3% $94.15 $90.90 $89.24 $84.60
Cash Flow / Share 4-point trend, +88.0% $13.78 $12.41 $13.63 $7.33
Cash / Share 4-point trend, +8.9% $0.84 $0.84 $1.09 $0.77
Dividend Paid / Share 4-point trend, +31.7% $3 $3 $2 $2
EPS (TTM) 4-point trend, +32.9% $10.26 $10.55 $9.25 $7.72
Growth Rates 10
Annual Growth Rates data for SHW
Metric Trend 2025202420232022
Revenue YoY 4-point trend, -81.4% 2.1% 0.20% 4.1% 11.1%
Revenue CAGR 3Y 3-point trend, -73.4% 2.1% 5.0% 7.9% ·
Revenue CAGR 5Y 5.1% · · ·
EPS YoY 4-point trend, -125.9% -2.8% 14.1% 19.8% 10.6%
EPS CAGR 3Y 3-point trend, +25.6% 10.0% 14.8% 7.9% ·
EPS CAGR 5Y 6.9% · · ·
Net Income YoY 4-point trend, -150.4% -4.2% 12.2% 18.2% 8.3%
Net Income CAGR 3Y 3-point trend, +49.7% 8.3% 12.9% 5.6% ·
Net Income CAGR 5Y 4.8% · · ·
Dividend CAGR 5Y 10.1% · · ·
Valuation (TTM) 16
Annual Valuation (TTM) data for SHW
Metric Trend 2025202420232022
Revenue TTM 4-point trend, +6.4% $23.57B $23.10B $23.05B $22.15B
Net Income TTM 4-point trend, +27.1% $2.57B $2.68B $2.39B $2.02B
Market Cap 4-point trend, +30.6% $80.26B $85.42B $79.38B $61.44B
Enterprise Value 4-point trend, +26.6% $90.93B $95.10B $88.95B $71.82B
P/E 4-point trend, +2.7% 31.6 32.2 33.7 30.7
P/S 4-point trend, +22.7% 3.4 3.7 3.4 2.8
P/B 4-point trend, -11.9% 17.5 21.1 21.4 19.8
P / Cash Flow 4-point trend, -27.3% 23.3 27.1 22.5 32.0
P / FCF 4-point trend, -37.2% 30.2 41.0 30.1 48.2
EV / EBITDA 2-point trend, +1.1% · · 21.4 21.1
EV / FCF 4-point trend, -39.2% 34.3 45.7 33.8 56.3
EV / Revenue 4-point trend, +19.0% 3.9 4.1 3.9 3.2
Dividend Yield 4-point trend, -3.0% 0.98% 0.85% 0.79% 1.0%
Earnings Yield 4-point trend, -2.5% 3.2% 3.1% 3.0% 3.2%
Payout Ratio 4-point trend, +0.4% 30.8% 27.0% 26.1% 30.6%
Annual Payout 4-point trend, +27.7% $790M $723M $624M $618M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-06-302025-03-312024-12-312024-09-30
Revenue $23.57B$23.10B
Gross Margin % 48.9%48.5%
Net Income $2.57B$2.68B
Diluted EPS $10.26$10.55
Balance Sheet
2025-12-312025-06-302025-03-312024-12-312024-09-30
Debt / Equity 2.42.4
Current Ratio 0.90.8
Quick Ratio 0.40.4
Cash Flow
2025-12-312025-06-302025-03-312024-12-312024-09-30
Free Cash Flow $2.65B$2.08B

Latest News Recent headlines mentioning this company

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Institutional owners (13F) 1,896 filers · $47.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
163 (-13 vs prior Q) 103 (-24 vs prior Q) 580 (+35 vs prior Q) 708 (-29 vs prior Q) +8.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
STATE STREET CORP $5,359,189,299 15,564,560 11.29% Shares
VANGUARD CAPITAL MANAGEMENT LLC $5,215,807,221 15,148,139 10.99% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,870,570,392 5,432,651 3.94% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,540,687,413 4,499,368 3.25% Shares
FMR LLC $1,539,053,117 4,469,833 3.24% Shares
NORGES BANK $1,383,839,640 4,019,051 2.91% Shares
VIKING GLOBAL INVESTORS LP $1,334,542,657 3,875,879 2.81% Shares
MORGAN STANLEY $1,225,274,976 3,558,535 2.58% Shares
ALLIANCEBERNSTEIN L.P. $1,129,051,788 3,522,233 2.38% Shares
Capital Research Global Investors $995,868,282 2,892,276 2.10% Shares
WELLINGTON MANAGEMENT GROUP LLP $872,334,376 2,533,499 1.84% Shares
Capital World Investors $774,789,928 2,250,204 1.63% Shares
Clearbridge Investments, LLC $747,483,319 2,170,897 1.57% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $628,140,566 1,824,293 1.32% Shares
D. E. Shaw & Co., Inc. $622,312,261 1,807,366 1.31% Shares
Holocene Advisors, LP $613,955,959 1,783,097 1.29% Shares
PineStone Asset Management Inc. $538,732,713 1,564,628 1.13% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $538,465,176 1,563,851 1.13% Shares
DIMENSIONAL FUND ADVISORS LP $484,512,837 1,407,157 1.02% Shares
VANGUARD FIDUCIARY TRUST CO $447,617,377 1,300,004 0.94% Shares
D1 Capital Partners L.P. $431,250,815 1,252,471 0.91% Shares
PARNASSUS INVESTMENTS, LLC $403,956,569 1,173,201 0.85% Shares
1832 Asset Management L.P. $355,239,764 1,031,714 0.75% Shares
CITADEL ADVISORS LLC $306,763,985 890,927 0.65% Shares
BNP PARIBAS FINANCIAL MARKETS $300,400,951 872,447 0.63% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $297,600,252 864,313 0.63% Shares
UBS Group AG $291,633,187 846,983 0.61% Shares
XN LP $269,984,755 784,110 0.57% Shares
Sumitomo Mitsui Trust Group, Inc. $265,848,095 772,096 0.56% Shares
CANADA PENSION PLAN INVESTMENT BOARD $242,894,691 705,433 0.51% Shares
National Pension Service $236,008,291 685,433 0.50% Shares
BARCLAYS PLC $232,412,558 674,990 0.49% Shares
CHILTON INVESTMENT CO INC. $231,626,130 672,706 0.49% Shares
Swiss National Bank $228,229,069 662,840 0.48% Shares
ProShare Advisors LLC $212,192,022 616,264 0.45% Shares
ENVESTNET ASSET MANAGEMENT INC $206,809,985 600,633 0.44% Shares
Balyasny Asset Management L.P. $201,890,310 586,345 0.43% Shares
California Public Employees Retirement System $200,872,156 583,388 0.42% Shares
BlackRock, Inc. $199,004,220 577,963 0.42% Shares
MAVERICK CAPITAL LTD $197,988,476 575,013 0.42% Shares
JENSEN INVESTMENT MANAGEMENT INC $185,600,531 539,035 0.39% Shares
Vanguard Global Advisers, LLC $170,026,593 493,804 0.36% Shares
Legal & General Group Plc $169,202,294 491,410 0.36% Shares
DAVENPORT & Co LLC $161,824,452 470,007 0.34% Shares
Man Group plc $160,569,844 466,339 0.34% Shares
BANK OF AMERICA CORP /DE/ $153,575,673 446,026 0.32% Shares
MAIRS & POWER INC $151,702,686 440,586 0.32% Shares
RAYMOND JAMES FINANCIAL INC $150,223,692 436,291 0.32% Shares
VANGUARD ASSET MANAGEMENT, Ltd $146,978,157 426,865 0.31% Shares
RHUMBLINE ADVISERS $140,879,420 409,153 0.30% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $139,995,692 406,586 0.29% Shares
Fayez Sarofim & Co $137,870,767 400,415 0.29% Shares
FLOSSBACH VON STORCH SE $136,652,689 396,877 0.29% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $132,396,446 413,029 0.28% Shares
BANK OF MONTREAL /CAN/ $130,624,678 379,370 0.28% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $126,235,475 393,809 0.27% Shares
Douglass Winthrop Advisors, LLC $125,028,445 363,117 0.26% Shares
FIFTH THIRD BANCORP $123,896,552 359,830 0.26% Shares
HighTower Advisors, LLC $123,766,574 359,452 0.26% Shares
JARISLOWSKY, FRASER Ltd $119,991,555 346,536 0.25% Shares
AMERIPRISE FINANCIAL INC $118,227,640 343,353 0.25% Shares
LOCUST WOOD CAPITAL ADVISERS, LLC $114,258,002 331,837 0.24% Shares
MARSHALL WACE, LLP $113,031,304 328,274 0.24% Shares
Eurizon Capital SGR S.p.A. $112,998,438 328,143 0.24% Shares
VANGUARD GROUP INC $112,640,281 347,623 0.24% Shares
AMERICAN CENTURY COMPANIES INC $112,019,003 325,334 0.24% Shares
Freestone Grove Partners LP $109,756,820 318,764 0.23% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $108,323,072 314,600 0.23% Call option
Quantinno Capital Management LP $106,919,960 310,524 0.23% Shares
Williams Jones Wealth Management, LLC. $106,846,981 310,313 0.23% Shares
Canoe Financial LP $101,538,935 294,897 0.21% Shares
KEYBANK NATIONAL ASSOCIATION/OH $101,530,002 294,871 0.21% Shares
Empower Advisory Group, LLC $99,785,741 289,805 0.21% Shares
Sumitomo Mitsui DS Asset Management Company, Ltd $95,650,719 277,796 0.20% Shares
NEW YORK STATE COMMON RETIREMENT FUND $91,196,595 264,860 0.19% Shares
Rathbones Group PLC $90,793,052 263,688 0.19% Shares
Ensign Peak Advisors, Inc $89,295,949 259,340 0.19% Shares
Fiera Capital Corp $88,839,725 258,015 0.19% Shares
TIGER GLOBAL MANAGEMENT LLC $88,518,819 257,083 0.19% Shares
Squarepoint Ops LLC $87,812,963 255,033 0.18% Shares
TWO SIGMA INVESTMENTS, LP $86,130,615 250,147 0.18% Shares
LPL Financial LLC $85,448,119 248,165 0.18% Shares
ROYAL BANK OF CANADA $83,325,000 242,000 0.18% Put option
PBCay One RSC Ltd $82,274,231 238,947 0.17% Shares
Spear Holdings RSC Ltd $82,273,542 238,945 0.17% Shares
JANE STREET GROUP, LLC $82,017,024 238,200 0.17% Call option
NOMURA ASSET MANAGEMENT CO LTD $78,247,753 227,253 0.16% Shares
Korea Investment CORP $78,193,350 227,095 0.16% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $78,160,984 227,001 0.16% Shares
VICTORY CAPITAL MANAGEMENT INC $77,318,088 224,553 0.16% Shares
DAYMARK WEALTH PARTNERS, LLC $77,045,563 223,762 0.16% Shares
Qube Research & Technologies Ltd $76,692,460 222,736 0.16% Shares
Susquehanna Portfolio Strategies, LLC $76,638,401 222,579 0.16% Shares
Assenagon Asset Management S.A. $76,006,574 220,744 0.16% Shares
AVIVA PLC $72,389,492 210,239 0.15% Shares
Asset Management One Co., Ltd. $71,945,524 224,444 0.15% Shares
PFA Pension, Forsikringsaktieselskab $71,804,140 208,539 0.15% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $70,673,057 205,254 0.15% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $70,381,074 204,406 0.15% Shares
NICHOLAS COMPANY, INC. $69,922,784 203,075 0.15% Shares

Company insiders 64 insiders · 33 officers · 28 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Heidi G Petz President & CEO Feb. 18, 2025 F 20,484 0 0 $0
Allen J Mistysyn SVP - Finance & CFO Dec. 1, 2025 M 13,273 0 0 $0
Justin T Binns President, Glob. Architectural Aug. 17, 2026 M 21,124 0 1 $-4,761,450
Todd D Rea President, Consumer Brands Grp June 6, 2025 M 9,329 0 0 $0
David B Sewell President and COO March 8, 2021 M 8,861 0 0 $0
Aaron M Erter President, Perf Coatings Grp Oct. 28, 2020 M 2,086 0 0 $0
Robert F Lynch President, Consumer Brands Grp Oct. 16, 2019 A 8,522 0 0 $0
Robert J Davisson President, The Americas Group Dec. 4, 2017 S 5,012 0 0 $0
Joseph Scaminace President and COO May 27, 2005 M 611,404 0 0 $0
Colin M. Davie Pres. & GM, Glob. Supply Chain Feb. 27, 2025 S 5,365 0 0 $0
Marlena K. Boyce SVP - Human Resources Feb. 18, 2025 F 358 0 0 $0
James P. Lang SVP - Enterprise Finance & CAO Feb. 18, 2025 F 377 0 0 $0
Bryan J Young SVP - Corp Strategy & Devel. Feb. 18, 2025 F 10,045 0 0 $0
James R Jaye SVP - IR & Corp. Comm. Feb. 18, 2025 F 4,039 0 0 $0
John G Morikis Executive Chairman Feb. 18, 2025 F 384,900 0 0 $0
Jane M. Cronin SVP - Enterprise Finance Nov. 25, 2024 M 16,360 0 0 $0
Gregory P. Sofish SVP - Human Resources Nov. 18, 2024 M 6,329 0 0 $0
Joseph F Sladek Pres. & GM, Glob. Supply Chain Dec. 8, 2023 M 3,639 0 0 $0
Thomas P Gilligan SVP-Human Resources Oct. 18, 2022 A 25,955 0 0 $0
Peter J. Ippolito SVP, Strategic Initiatives Oct. 18, 2021 A 1,941 0 0 $0
Joel D. Baxter Pres. & GM, Glob. Supply Chain Nov. 2, 2020 M 1,537 0 0 $0
Robert J Wells SVP-Corp Comm & Public Affairs Feb. 15, 2019 F 16,043 0 0 $0
Sean P Hennessy SVP-Corp Plan, Develop & Admin Feb. 16, 2018 F 67,788 0 0 $0
Catherine M Kilbane SVP, Gen. Counsel & Secretary May 8, 2017 G 7,145 0 0 $0
Timothy A Knight SVP-Corp Plan, Develop & Admin May 5, 2016 G 17,944 0 0 $0
Thomas E Hopkins SVP-Human Resources Nov. 23, 2015 S 26,868 0 0 $0
Steven J Oberfeld SVP-Corp. Plan. & Develop. Oct. 16, 2015 A 94,624 0 0 $0
Thomas W Seitz Sr. VP-Strat. Excell. Init. Feb. 15, 2013 F 30,444 0 0 $0
Louis E Stellato Sr VP, General Counsel & Secy Oct. 17, 2012 A 18,090 0 0 $0
John L Ault VP-Corporate Controller Feb. 25, 2010 G 21,859 0 0 $0
Conway G Ivy Sr. VP.-Corp. Plan. Dev. March 13, 2007 M 66,281 0 0 $0
Blair P Lacour Pres & Gen Mgr-Automotive Div July 26, 2005 M 29,250 0 0 $0
Ronald P Nandor Pres. and GM-Automotive Div. Sept. 1, 2004 S 33,973 0 0 $0
Robert James Gamgort Director July 6, 2026 A 586 0 0 $0
Thomas L Williams Director July 6, 2026 A 1,262 0 0 $0
Michael H Thaman Director July 6, 2026 A 5,713 0 0 $0
Kerrii B Anderson Director July 6, 2026 A 1,076 0 0 $0
Jeff M Fettig Director Feb. 17, 2026 A 7,019 0 0 $0
Christine A Poon Director April 4, 2025 A 2,573 0 0 $0
Aaron Powell Director Feb. 18, 2025 A 3,029 0 0 $0
Matthew Thornton III Director Feb. 18, 2025 A 12,296 0 0 $0
Arthur F Anton Director Feb. 18, 2025 A 43,697 0 0 $0
Richard J Kramer Director April 10, 2023 A 10,997 0 0 $0
Steven H Wunning Director April 10, 2023 A 7,735 0 0 $0
Susan J Kropf Director April 5, 2021 A 7,897 0 0 $0
David F Hodnik Director Feb. 18, 2020 A 9,623 0 0 $0
John M Stropki Director Feb. 12, 2019 A 12,289 0 0 $0
Thomas G Kadien Director March 14, 2017 G 3,962 0 0 $0
Christopher M Connor Director Feb. 17, 2017 F 438,473 0 0 $0
Richard K Smucker Director Feb. 16, 2016 A 17,375 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Farallon Capital Partners, L.P., Farallon Capital Institutional Partners, L.P., Farallon Capital Institutional Partners II, L.P., Farallon Capital Institutional Partners III, L.P., Tinicum Partners, L.P., Farallon Capital Offshore Investors II, L.P., Farallon Capital Management, L.L.C., Farallon Partners, L.L.C., William F. Duhamel, Richard B. Fried, Monica R. Landry, Douglas M. MacMahon, William F. Mellin, Stephen L. Millham, Jason E. Moment, Ashish H. Pant, Rajiv A. Patel, Derek C. Schrier [See Item 2], Andrew J. M. Spokes, Thomas F. Steyer, Mark C. Wehrly ×3 filings Sept. 29, 2008 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 212 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ITB · iShares Trust 5.31% 345,205 SH Aug. 21, 2026 Daily
VAW · VANGUARD WORLD FUND 5.29% 689,530 SH Aug. 19, 2026 Daily
FMAT · FIDELITY COVINGTON TRUST 4.85% 91,017 NS April 30, 2026 N-PORT
RSPM · Invesco Exchange-Traded Fund Trust 4.20% 22,903 SH Aug. 21, 2026 Daily
JGRW · Trust for Professional Managers 4.13% 13,042 NS May 31, 2026 N-PORT
DJIA · Global X Funds 4.02% 21,113 NS April 30, 2026 N-PORT
DYLG · Global X Funds 4.00% 732 NS April 30, 2026 N-PORT
EDOW · First Trust Exchange-Traded Fund 3.68% 32,794 NS June 30, 2026 N-PORT
NAIL · Direxion Shares ETF Trust 3.41% 59,658 NS April 30, 2026 N-PORT
UYM · ProShares Trust 3.08% 4,062 NS May 31, 2026 N-PORT
DDM · ProShares Trust 2.63% 45,359 NS May 31, 2026 N-PORT
MXI · iShares Trust 2.45% 26,262 SH Aug. 21, 2026 Daily
UDOW · ProShares Trust 2.01% 55,671 NS May 31, 2026 N-PORT
DJD · Invesco Exchange-Traded Fund Trust 1.80% 26,173 SH Aug. 21, 2026 Daily
DGLO · First Trust Exchange-Traded Fund VI 1.58% 165 NS June 30, 2026 N-PORT
TMDV · ProShares Trust 1.45% 210 NS May 31, 2026 N-PORT
KNG · First Trust Exchange-Traded Fund IV 1.40% 146,526 NS April 30, 2026 N-PORT
NOBL · ProShares Trust 1.33% 484,802 NS May 31, 2026 N-PORT
PSET · Principal Exchange-Traded Funds 1.24% 1,038 NS June 30, 2026 N-PORT
ESLV · Strategy Shares 1.19% 434 NS April 30, 2026 N-PORT
ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… 1.17% 8,095 NS April 30, 2026 N-PORT
PY · Principal Exchange-Traded Funds 1.14% 7,280 NS June 30, 2026 N-PORT
NULG · Nushares ETF Trust 1.12% 91,059 NS April 30, 2026 N-PORT
YALL · Tidal Trust I 1.11% 3,558 NS May 31, 2026 N-PORT
WBIF · Absolute Shares Trust 1.11% 755 NS June 30, 2026 N-PORT
LCLG · Advisors Series Trust 1.02% 3,218 NS April 30, 2026 N-PORT
SZNE · Pacer Funds Trust 1.02% 423 NS April 30, 2026 N-PORT
GURU · Global X Funds 0.96% 1,747 NS April 30, 2026 N-PORT
IYJ · iShares Trust 0.96% 52,905 SH Aug. 21, 2026 Daily
TMFE · RBB Fund, Inc. 0.91% 2,557 NS May 31, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.91% 1,369 NS April 30, 2026 N-PORT
WBIG · Absolute Shares Trust 0.80% 641 NS June 30, 2026 N-PORT
VUSE · ETF Series Solutions 0.75% 17,017 NS May 31, 2026 N-PORT
HOMZ · ETF Series Solutions 0.75% 837 NS May 31, 2026 N-PORT
IMCG · iShares Trust 0.70% 82,041 SH Aug. 21, 2026 Daily
STNC · Hennessy Funds Trust 0.69% 1,964 NS April 30, 2026 N-PORT
ESLG · Strategy Shares 0.69% 416 NS April 30, 2026 N-PORT
RILA · Spinnaker ETF Series 0.66% 856 NS April 30, 2026 N-PORT
ESUM · Strategy Shares 0.64% 3,053 NS April 30, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III 0.61% 43,186 NS April 30, 2026 N-PORT
FEUS · FlexShares Trust 0.58% 1,995 NS April 30, 2026 N-PORT
AKAF · ETF Series Solutions 0.57% 55 NS May 31, 2026 N-PORT
IMCB · iShares Trust 0.55% 26,874 SH Aug. 21, 2026 Daily
DUHP · Dimensional ETF Trust 0.52% 184,077 NS April 30, 2026 N-PORT
MMLG · First Trust Exchange-Traded Fund VI… 0.52% 1,606 NS May 31, 2026 N-PORT
GSY · Invesco Actively Managed Exchange-T… 0.51% 20,000,000 Aug. 21, 2026 Daily
HUSV · First Trust Exchange-Traded Fund III 0.50% 1,122 NS April 30, 2026 N-PORT
LRND · New York Life Investments ETF Trust 0.47% 4,181 NS April 30, 2026 N-PORT
XOEF · iShares Trust 0.44% 289 SH Aug. 21, 2026 Daily
FVD · First Trust Exchange-Traded Fund 0.42% 98,904 NS June 30, 2026 N-PORT