TacticScaleWhat Sherwin-Williams Does & How It Makes Money (SHW)
Updated October 2026 · reflects Sherwin-Williams's latest reported financials
Paint and coatings maker with a large network of company-run paint stores. It earns revenue by manufacturing paints and coatings and selling them through its own stores to contractors and homeowners, supplying branded and private-label products wholesale to retailers and distributors, and selling industrial coatings to manufacturers and other businesses.
How Sherwin-Williams makes money
It earns revenue by manufacturing paints and coatings and selling them through its own stores to contractors and homeowners, supplying branded and private-label products wholesale to retailers and distributors, and selling industrial coatings to manufacturers and other businesses.
What Sherwin-Williams does
The Sherwin-Williams Company, founded in 1866 and headquartered in Cleveland, Ohio, develops, manufactures, distributes, and sells paint, coatings, and related products to professional, industrial, commercial, and retail customers. It operates across North America, South America, the Caribbean, Europe, Asia, and Australia. The business has three segments. Paint Stores Group sells Sherwin-Williams-branded architectural paint, protective and marine products, and OEM finishes to paint contractors and do-it-yourself homeowners. Consumer Brands Group supplies branded and private-label paints, stains, wood finishes, caulks, adhesives, aerosols, and applicators to home centers, hardware stores, dealers, and distributors. Performance Coatings Group makes industrial coatings for wood finishing and general industrial use, automotive refinish, coil and packaging coatings, and resins and colorants.
Products & services
- Sherwin-Williams architectural paints
- Stains, varnishes and wood finishes
- Automotive refinish products
- Protective and marine coatings
- Packaging and coil coatings
- Caulks, adhesives, aerosols and applicators
What is Sherwin-Williams worth?
On an owner-earnings DCF, Sherwin-Williams's most-likely value is about $209 versus a recent price near $319 (35% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$115) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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