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CIK 89800 · Consumer & Specialty Distribution
THE Sherwin-williams Company is a public company in Chemicals - Specialty, tracked in the consumer specialty distribution compounders sub-sector, with $24B TTM revenue and $4.5B TTM EBITDA.
Market data as of May 10, 2026
Financials: LTM / latest available company filings
Sources: FMP, SHW filings, SEC EDGAR
$78,139
Market cap ($MM)
$91,709
Enterprise value ($MM)
$23,936
Revenue · LTM ($MM)
$4,472
EBITDA · LTM ($MM)
19%
EBITDA margin
3.8x
EV / revenue
20.5x
EV / EBITDA
2.6x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 2.6x net debt / EBITDA with EBITDA of $4.5B.
$217
Cash & equiv. ($MM)
$11,700
Total debt ($MM)
$11,483
Net debt ($MM)
2.6x
Net debt / EBITDA
Valuation
SHW versus the scaled public Consumer & Specialty Distribution comparables.
EV / EBITDA distribution · peer set
SHW 20.5x
Indexed share-price performance
SHW versus available Consumer & Specialty Distribution peers and SPY.
+9.8%
SHW
+94%
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| THE Sherwin-williams Company | SHW | $23,936 | $4,472 | 19% | $78,139 | $91,709 | 3.8x | 20.5x | 2.6x |
| Pool Corporation | POOL | $5,356 | $636 | 12% | $6,843 | $8,370 | 1.6x | 13.2x | 1.9x |
| Autozone Inc. | AZO | $19,610 | $4,191 | 21% | $57,606 | $69,732 | 3.6x | 16.6x | 2.1x |
| Fastenal Co. | FAST | $8,443 | $1,803 | 21% | $50,709 | $50,846 | 6.0x | 28.2x | -0.1x |
| O Reilly Automotive Inc | ORLY | $18,206 | $4,099 | 23% | $77,780 | $86,258 | 4.7x | 21.0x | 1.4x |
| Consumer & Specialty Distribution median | $18,206 | $4,099 | 21% | $57,606 | $69,732 | 3.8x | 20.5x | 1.9x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
SHW's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
52
Active years
13
Named deals
10
Avg / active year
4.0
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
SHW count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
5 / 11
Last three years is down 55% vs prior three.
Peak count year
FY22
5 disclosed acquisitions in the peak visible year.
Recent spend
$1.6B
is up 20% vs prior three; peak FY16 at $9.5B.
Named evidence
10 rows
19% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| 2013 | Comex business | Consumer specialty distribution compounders | $2,250 | On July 17, 2013, the Federal Competition Commission of Mexico (the "FCC") informed us that the acquisition of the Comex business in Mexico was not authorized, and a subsequent... | 10-K† |
| Feb 1, 2025 | BASF SE | Consumer specialty distribution compounders | $1,150 | In February 2025, the Company signed an agreement to acquire the Brazilian decorative paints business of BASF SE (BASF), which is a leading provider of architectural paints in B... | 10-K† |
| Oct 1, 2025 | BASF SE’s Brazilian decorative paints business | Consumer specialty distribution compounders | $1,148 | In October 2025, the Company completed the acquisition of BASF SE’s Brazilian decorative paints business (Suvinil) for approximately $1.15 billion. The purchase price is subject... | 10-K† |
| Dec 31, 2022 | Five acquisitions | Consumer specialty distribution compounders | $1,003 | During 2022, we invested $1.003 billion to complete five acquisitions. The success of past and future acquisitions depends in large part on our ability to integrate the operatio... | 10-K† |
| Oct 1, 2023 | SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH | Consumer specialty distribution compounders | $290 | In October 2023, the Company completed the acquisition of German-based SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH (S... | 10-K† |
| Oct 1, 2023 | SIC Holding GmbH | Consumer specialty distribution compounders | $290 | In October 2023, the Company completed the acquisition of German-based SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH (S... | 10-K† |
| Dec 1, 2021 | Specialty Polymers, Inc. | Consumer specialty distribution compounders | $227 | In December 2021, the Company completed the acquisition of Specialty Polymers, Inc. (Specialty Polymers), a leading manufacturer and developer of water-based polymers used in ar... | 10-K† |
| Jan 1, 2019 | Acquisition of a domestic packaging company and two European coatings companies | Consumer specialty distribution compounders | $84 | During 2019, the Company completed the acquisition of a domestic packaging company and two European coatings companies for an aggregate purchase price of $84.4 million, includin... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 6 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
20
Named deal filings
6
Recent SEC filings
10
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 19, 2026 | Annual M&A 10-K | accepted | 3 | N/A | $1.2B | SEC filing |
| FY2024 | Feb 20, 2025 | Annual M&A 10-K | accepted | 1 | N/A | $80.0MM | SEC filing |
| FY2023 | Feb 20, 2024 | Annual M&A 10-K | warning (1 warn) | 1 | $265MM | N/A | SEC filing |
| FY2022 | Feb 22, 2023 | Annual M&A 10-K | accepted | 5 | N/A | $1.0B | SEC filing |
| FY2021 | Feb 17, 2022 | Annual M&A 10-K | accepted | 3 | N/A | $227MM | SEC filing |
| FY2020 | Feb 19, 2021 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2019 | Feb 21, 2020 | Annual M&A 10-K | accepted | 3 | N/A | $84.4MM | SEC filing |
| FY2018 | Feb 22, 2019 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2017 | Feb 23, 2018 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2016 | Feb 22, 2017 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2015 | Feb 24, 2016 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2014 | Feb 25, 2015 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2013 | Feb 27, 2014 | Annual M&A 10-K | accepted | 306 | N/A | N/A | SEC filing |
| FY2011 | Feb 23, 2012 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2010 | Feb 23, 2011 | Annual M&A 10-K | accepted | 3 | N/A | N/A | SEC filing |
| FY2009 | Feb 24, 2010 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2008 | Feb 24, 2009 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2007 | Feb 28, 2008 | Annual M&A 10-K | accepted | 172 | N/A | N/A | SEC filing |
| FY2006 | Feb 28, 2007 | Annual M&A 10-K | accepted | 1 | N/A | N/A | SEC filing |
| FY2003 | Mar 11, 2004 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 19, 2026 | 10-K | BASF SE’s Brazilian decorative paints business; SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH; European coil and industrial coatings company; Metal packaging coatings business | FinancialsAnnual M&ANamed deals | SEC filing |
| Feb 20, 2025 | 10-K | BASF SE; SIC Holding GmbH | Annual M&ANamed deals | SEC filing |
| Feb 20, 2024 | 10-K | Specialty Polymers, Inc. | Annual M&ANamed deals | SEC filing |
| Feb 22, 2023 | 10-K | Five acquisitions | Annual M&ANamed deals | SEC filing |
| Feb 19, 2021 | 10-K | Acquisition of a domestic packaging company and two European coatings companies | Annual M&ANamed deals | SEC filing |
| Feb 27, 2014 | 10-K | Comex business | Annual M&ANamed deals | SEC filing |
| Filing date | Form | Items | Description | Support | Source |
|---|---|---|---|---|---|
| Feb 19, 2026 | 10-K | N/A | 10-K | FinancialsAnnual M&ANamed dealsRecent SEC | SEC filing |
| Apr 28, 2026 | 8-K | 2.02,9.01 | 8-K | Recent SEC | SEC filing |
| Apr 28, 2026 | 10-Q | N/A | 10-Q | Recent SEC | SEC filing |
| Apr 24, 2026 | 8-K | 5.07 | 8-K | Recent SEC | SEC filing |
| Apr 1, 2026 | 10-Q | N/A | Quarterly report from SEC company index | Recent SEC | SEC filing |
| Mar 11, 2026 | DEFA14A | N/A | DEFA14A | Recent SEC | SEC filing |
| Mar 11, 2026 | DEF 14A | N/A | DEF 14A | Recent SEC | SEC filing |
| Feb 9, 2026 | 8-K | 1.01,2.03,9.01 | 8-K | Recent SEC | SEC filing |
| Feb 1, 2026 | 10-K | N/A | Annual report from SEC company index | Recent SEC | SEC filing |
| Jan 29, 2026 | 8-K | 2.02,9.01 | 8-K | Recent SEC | SEC filing |
Pending acquisition of Comex business in Mexico
10-K - Feb 27, 2014
On July 17, 2013, the Federal Competition Commission of Mexico (the "FCC") informed us that the acquisition of the Comex business in Mexico was not authorized, and a subsequent appeal to the FCC was also denied on Octob…
Brazilian decorative paints business of BASF SE
10-K - Feb 20, 2025
In February 2025, the Company signed an agreement to acquire the Brazilian decorative paints business of BASF SE (BASF), which is a leading provider of architectural paints in Brazil with annual sales of approximately $…
Suvinil
10-K - Feb 19, 2026
In October 2025, the Company completed the acquisition of BASF SE’s Brazilian decorative paints business (Suvinil) for approximately $1.15 billion. The purchase price is subject to revision for a contractual working cap…
Five acquisitions
10-K - Feb 22, 2023
During 2022, we invested $1.003 billion to complete five acquisitions. The success of past and future acquisitions depends in large part on our ability to integrate the operations and personnel of the acquired companies…
SIC Holding GmbH
10-K - Feb 19, 2026
In October 2023, the Company completed the acquisition of German-based SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH (SIC Holding). The acquired business special…
SIC Holding GmbH
10-K - Feb 20, 2025
In October 2023, the Company completed the acquisition of German-based SIC Holding GmbH, a Peter Möhrle Holding venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH (SIC Holding). The acq...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.