Revenue distribution by industry:

• Construction industry: approx. 50%
• Industrial coatings: approx. 30%
• Consumer markets: approx. 20%

TOP 3 markets and their percentage shares:

• USA: approx. 75%
• Canada: approx. 10%
• Latin America: approx. 8%

Sherwin-Williams generates the majority of its revenue from the construction industry, as their products are frequently used in construction projects and renovations. Industrial coatings are another significant area benefiting from demand in the automotive and manufacturing industries.

Geographically, the U.S. market is the dominant revenue generator, attributed to the strong presence and dense distribution network in the United States. Canada and Latin America follow as important markets, with solid growth potential in these regions as well.

Production Sites: Worldwide, with a focus on North America

The Sherwin-Williams Company mainly produces its products in North America, with the USA being the central production site. The company operates numerous production facilities in the United States to efficiently serve the demand in the domestic market. In addition, Sherwin-Williams also has production facilities in other parts of the world to strengthen its international presence and optimize supply chains.

The strategic placement of these production sites enables Sherwin-Williams to deliver its products promptly and cost-effectively to customers worldwide. The global presence also supports adapting to regional market requirements and complying with local regulations.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024)

The Sherwin-Williams Company is pursuing a growth strategy that focuses on several core areas. Firstly, the company is focusing on geographical expansion, especially in emerging markets, to strengthen its global presence. This includes both organic growth and strategic acquisitions to gain market share.

Secondly, Sherwin-Williams is heavily investing in research and development to develop innovative products that meet changing customer requirements. The focus is on sustainable and environmentally friendly solutions that align with current trends and regulatory requirements.

Furthermore, the company continuously optimizes its supply chain and production processes to achieve efficiency improvements and cost savings. These measures are intended to further increase profitability and enhance competitiveness.

Main raw materials: Titanium dioxide, resins, solvents
Countries of origin: China, USA, Germany, Canada

The Sherwin-Williams Company imports a variety of raw materials for the production of its paints and coatings. The most important raw materials include titanium dioxide, which is used as a white pigment, as well as various resins and solvents that are essential for color production.

Titanium dioxide is often imported from countries such as China and Germany, as these countries are significant producers of this material. Resins and solvents can be sourced locally from the USA as well as from Canada, with the exact countries of origin varying depending on the specific material.

The company's dependence on imported raw materials makes it vulnerable to global supply chain disruptions and price fluctuations, necessitating strategic sourcing and inventory management.

Market Share: 25% (estimated, 2025)
EBIT Margin: 18.5% (2024)
R&D Expenses: 2.5% of revenue (2024)

The Sherwin-Williams Company has a significant competitive advantage in the paints and coatings industry. With an estimated market share of 25% in 2025, the company remains a dominant player in North America and continues to expand into international markets.

The EBIT margin of 18.5% in 2024 demonstrates the company's ability to operate efficiently and control costs, indicating strong operational performance. This margin is above average compared to many competitors, suggesting effective pricing and cost structure.

In addition, Sherwin-Williams invests 2.5% of its revenue in research and development, strengthening the company's innovation capabilities. These investments allow for the development of new products and improvements to existing products, further solidifying the competitive advantage.

Institutional Investor Share: 78% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant transactions in the last quarter (estimated for 2025)

The institutional investor share at The Sherwin-Williams Company is traditionally high, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential. These investors typically hold long-term positions and influence corporate policy through their voting rights.

Insider transactions, such as purchases or sales of shares by executives or directors, are an indicator of management's confidence in the company's future development. There were no significant insider transactions in the last quarter, indicating a stable assessment of the company's situation by management.

Market share of Sherwin-Williams: 12% (2025, estimated)

Main competitors and their market shares:

1. PPG Industries: 10%
2. AkzoNobel: 8%
3. Nippon Paint Holdings: 7%
4. RPM International: 6%
5. Axalta Coating Systems: 5%

Moat of Sherwin-Williams:

Sherwin-Williams has a significant moat, which is characterized by several factors. Firstly, the company has an extensive network of retail stores, which allows it to directly engage with end consumers. This provides an advantage over some competitors that rely more heavily on wholesalers.

Secondly, Sherwin-Williams has strong brand recognition and a wide product portfolio that appeals to both professional and private customers. This diversification and brand strength help foster customer loyalty and secure market share.

Compared to competitors, Sherwin-Williams has further strengthened its market position and expanded its global presence through acquisitions, such as the one of Valspar in 2017. These strategic takeovers have deepened the company's moat by enabling synergies and cost savings.

However, competitors like PPG Industries and AkzoNobel also have strong market positions and continuously invest in research and development to create innovative products that could challenge Sherwin-Williams' market share. Competition remains intense, and the ability to differentiate through innovation and customer retention is crucial for long-term success.

Revenue growth: 6.5% (2024) Profit growth: 8.2% (2024) Market share in North America: 35% (2024)

The Sherwin-Williams Company recorded solid revenue growth of 6.5% in 2024, attributed to strong demand for its products and an effective expansion strategy. The profit growth of 8.2% indicates that the company is able to manage its costs efficiently while improving its margins.

The company holds a significant market share of 35% in North America, highlighting its leading position in the industry. This market position allows Sherwin-Williams to benefit from economies of scale and compete against competitors.

Additionally, Sherwin-Williams continuously invests in research and development to bring innovative products to the market that meet changing customer needs. This innovation could lead to further growth and strengthening of market position in the long term.

Overall, the financial performance and strategic direction suggest that The Sherwin-Williams Company could be a promising investment for investors interested in a stable and growth-oriented company.

Dividend yield: 1.1% (2025, estimated)
Dividend growth: 2.5% annually (last 5 years)

The Sherwin-Williams Company regularly pays a dividend to its shareholders. The dividend yield is currently around 1.1%, based on estimates for 2025. Over the last five years, the company has experienced a consistent dividend growth of an average of 2.5% per year.

Sherwin-Williams has a long tradition of dividend payments and is considered reliable in its payouts. The continuous increase in dividends suggests that the company is financially stable and pursues a sustainable dividend policy. Analysts view Sherwin-Williams' dividend policy as solid, attributed to strong cash flow generation and a healthy balance sheet.