NEM vs. SHW: Newmont vs. Sherwin-Williams Stock Comparison

July 23, 2026

How do Newmont (NEM) and Sherwin-Williams (SHW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Newmont (NEM) and Sherwin-Williams (SHW) both fall under the Materials industry group, but NEM is classified in Metals & Mining while SHW is classified in Chemicals.

Company profile comparison for Newmont (NEM) and Sherwin-Williams (SHW)
Profile Item	NEM	SHW
Name	Newmont Corporation	The Sherwin-Williams Company
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Chemicals
GICS Sub-Industry	Gold	Specialty Chemicals
Market Capitalization	98.74 billion USD	78.54 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NEM

SHW

GSPC

Newmont (NEM) vs. Sherwin-Williams (SHW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Newmont (NEM) and Sherwin-Williams (SHW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Newmont (NEM) and Sherwin-Williams (SHW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Total Return (1Y)	56.15%	-5.82%
Total Return (3Y, Annualized)	31.74%	6.76%
Total Return (5Y, Annualized)	12.12%	3.40%

Risk Profile

Drawdown History

NEM

SHW

GSPC

Newmont (NEM) vs. Sherwin-Williams (SHW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Newmont (NEM) and Sherwin-Williams (SHW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Volatility (1Y, Annualized)	47.81%	25.52%
Beta (5Y)	0.47	1.10
Max Drawdown (5Y)	-62.40%	-42.46%
Avg. Volume (3M)	8.10M	2.28M

Risk-Adjusted Performance

Risk-Return Positioning

NEM and SHW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Sharpe Ratio (1Y)	1.09	-0.39
Sortino Ratio (1Y)	1.51	-0.58

Profitability

ROE (TTM)

Both companies show strong equity returns, but Sherwin-Williams (SHW) at 60.72% is the standout with ROE above its industry range; Newmont (NEM) at 25.83% also sits in the top quartile.

NEM

Materials industry group

25.83%

Max: 51.93%
NEM: 25.83%
Q3: 18.20%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

SHW

Materials industry group

60.72%

SHW: 60.72%
Max: 51.93%
Q3: 18.20%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Newmont (NEM) at 33.87% retains a top-quartile share of revenue as profit, ahead of Sherwin-Williams (SHW) at 10.86%, which keeps about the industry-typical share.

NEM

Materials industry group

33.87%

Max: 35.99%
NEM: 33.87%
Q3: 14.91%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

SHW

Materials industry group

10.86%

Max: 35.99%
Q3: 14.91%
SHW: 10.86%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Newmont (NEM) at 61.38% operates in the top operating margin quartile, ahead of Sherwin-Williams (SHW) at 14.16%, which runs around its industry’s norm.

NEM

Materials industry group

61.38%

Max: 66.92%
NEM: 61.38%
Q3: 27.44%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

SHW

Materials industry group

14.16%

Max: 66.92%
Q3: 27.44%
SHW: 14.16%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
ROE (TTM)	25.83%	60.72%
ROA (TTM)	14.89%	9.45%
Net Margin (TTM)	33.87%	10.86%
Operating Margin (TTM)	61.38%	14.16%
Gross Margin (TTM)	67.36%	49.04%

Growth

Revenue Growth

Both Newmont (NEM) at 21.34% and Sherwin-Williams (SHW) at 2.06% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Newmont (NEM) at 118.84% sits in the top EPS growth quartile, while Sherwin-Williams (SHW) at -2.75% is closer to the peer norm — faster per-share earnings growth for NEM.

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Revenue Growth (YoY)	21.34%	2.06%
Revenue Growth (3Y CAGR)	23.91%	2.10%
EPS Growth (YoY)	118.84%	-2.75%
EPS Growth (3Y CAGR)	--	9.95%

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) at 2.44 keeps current ratio within its industry’s typical mid-range, while Sherwin-Williams (SHW) at 0.86 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SHW.

NEM

Materials industry group

2.44

Max: 6.31
Q3: 3.49
NEM: 2.44
Median: 2.23
Q1: 1.42
Min: 0.12

SHW

Materials industry group

0.86

Max: 6.31
Q3: 3.49
Median: 2.23
Q1: 1.42
SHW: 0.86
Min: 0.12

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Newmont (NEM) at 0.16 is near its industry mid-range for debt-to-equity ratio, while Sherwin-Williams (SHW) at 3.30 sits above its benchmark range, pointing to a heavier debt load relative to equity.

NEM

Materials industry group

0.16

Max: 2.02
Q3: 0.92
Median: 0.44
NEM: 0.16
Q1: 0.13
Min: 0.00

SHW

Materials industry group

3.30

SHW: 3.30
Max: 2.02
Q3: 0.92
Median: 0.44
Q1: 0.13
Min: 0.00

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Current Ratio (MRQ)	2.44	0.86
Debt / Equity (MRQ)	0.16	3.30
Net Debt / EBITDA	-0.20	3.16

Dividends

Dividend Yield (TTM)

Both Newmont (NEM) at 1.14% and Sherwin-Williams (SHW) at 0.98% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NEM

Materials industry group

1.14%

Max: 4.91%
Q3: 1.96%
NEM: 1.14%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

SHW

Materials industry group

0.98%

Max: 4.91%
Q3: 1.96%
SHW: 0.98%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Newmont (NEM) at 13.10% and Sherwin-Williams (SHW) at 30.45% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NEM

Materials industry group

13.10%

Max: 97.44%
Q3: 40.00%
NEM: 13.10%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

SHW

Materials industry group

30.45%

Max: 97.44%
Q3: 40.00%
SHW: 30.45%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
Dividend Yield (TTM)	1.14%	0.98%
Dividend Payout Ratio (TTM)	13.10%	30.45%

Valuation

P/E Ratio (TTM)

Newmont (NEM) at 11.58 sits in the cheaper P/E ratio quartile, while Sherwin-Williams (SHW) at 31.07 is closer to its industry’s usual earnings multiple — a discount for NEM, though growth and earnings durability still matter.

NEM

Materials industry group

11.58

Max: 58.49
Q3: 31.23
Median: 20.26
Q1: 12.90
NEM: 11.58
Min: 4.66

SHW

Materials industry group

31.07

Max: 58.49
Q3: 31.23
SHW: 31.07
Median: 20.26
Q1: 12.90
Min: 4.66

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Newmont (NEM) at 3.95 and Sherwin-Williams (SHW) at 3.28 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

NEM

Materials industry group

3.95

Max: 8.72
Q3: 4.01
NEM: 3.95
Median: 1.86
Q1: 0.73
Min: 0.00

SHW

Materials industry group

3.28

Max: 8.72
Q3: 4.01
SHW: 3.28
Median: 1.86
Q1: 0.73
Min: 0.00

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Newmont (NEM) at 2.84 sits near its industry’s typical P/B ratio, while Sherwin-Williams (SHW) at 17.62 prices above its benchmark range — SHW looks rich relative to book.

NEM

Materials industry group

2.84

Max: 7.76
Q3: 3.99
NEM: 2.84
Median: 2.25
Q1: 1.38
Min: -0.30

SHW

Materials industry group

17.62

SHW: 17.62
Max: 7.76
Q3: 3.99
Median: 2.25
Q1: 1.38
Min: -0.30

Newmont (NEM) vs. Sherwin-Williams (SHW): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Newmont (NEM) and Sherwin-Williams (SHW)
Metric	NEM	SHW
P/E Ratio (TTM)	11.58	31.07
P/S Ratio (TTM)	3.95	3.28
P/B Ratio (MRQ)	2.84	17.62
Free Cash Flow Yield (TTM)	9.93%	2.72%