“Net investing cash usage decreased $179.1 million in the first six months of 2026 compared to the same period in 2025 primarily due to cash used for an acquisition in the first six months of 2025 and a decrease in cash used for capital expenditures related to…”10-Q · Jul 28, 2026 ↗
The Sherwin-Williams Company
SHW
Market read
The Sherwin-Williams Company's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
- Q2 2026 Paint Stores net sales rose 5.1% driven primarily by selling price increases (mid-single digit impact) and low-single digit volume growth.
- Performance Coatings Q2 2026 net sales included a 2.0% favorable impact from foreign currency translation (3.0% favorable for the first six months).
Invalidation: The isolated read changes if SHW's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Q2 2026 Paint Stores net sales rose 5.1% driven primarily by selling price increases (mid-single digit impact) and low-single digit volume growth.
- Performance Coatings Q2 2026 net sales included a 2.0% favorable impact from foreign currency translation (3.0% favorable for the first six months).
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 1.34x in the latest annual period.
- Pricing and mix has repeated favorable evidence across 4 filings.
- Capital investment and capacity has repeated adverse evidence across 4 filings.
- Demand and volume has repeated adverse evidence across 4 filings.
- P/E is 79% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 111% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
317.51Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Net financing cash source decreased $319.6 million in the first three months of 2026 compared to the same period in 2025 primarily due to an increase in treasury stock purchases, an increase in payments of long-term debt and a decrease in proceeds from real e…”10-Q · Apr 28, 2026 ↗
“These increases were partially offset by soft DIY demand in North America which decreased Net sales by a low-single digit percentage.”10-Q · Apr 28, 2026 ↗
“The Performance Coatings Group’s gross profit increased $83.5 million in the first six months of 2026 compared to the same period last year primarily due to higher Net sales as a result of sales volume growth, selling price increases, primarily attributable t…”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.4× · EV/sales 3.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SHW. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SHW. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SHW
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SHW is currently a Follower in the organic co-movement group Cyclical Demand. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.