Seek Returns

PPG vs. SHW: PPG Industries vs. Sherwin-Williams Stock Comparison

How do PPG Industries (PPG) 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

PPG Industries (PPG) and Sherwin-Williams (SHW) are both classified in the Specialty Chemicals sub-industry within the broader Chemicals industry, placing them in the closest GICS peer bucket.

Company profile comparison for PPG Industries (PPG) and Sherwin-Williams (SHW)
Profile ItemPPGSHW
NamePPG Industries, Inc.The Sherwin-Williams Company
Country/RegionUnited StatesUnited States
GICS SectorMaterialsMaterials
GICS Industry GroupMaterialsMaterials
GICS IndustryChemicalsChemicals
GICS Sub-IndustrySpecialty ChemicalsSpecialty Chemicals
Market Capitalization27.03 billion USD83.13 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 17, 1980March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PPG
SHW
GSPC
Loading price history…
PPG Industries (PPG) 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

Loading price history…
Trailing total returns for PPG Industries (PPG) and Sherwin-Williams (SHW). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for PPG Industries (PPG) and Sherwin-Williams (SHW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Total Return (1Y)33.84%5.74%
Total Return (3Y, Annualized)1.70%13.18%
Total Return (5Y, Annualized)-2.93%2.84%

Risk Profile

Drawdown History

PPG
SHW
GSPC
Loading price history…
PPG Industries (PPG) 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

Loading price history…
Distribution of monthly total returns for PPG Industries (PPG) and Sherwin-Williams (SHW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Volatility (1Y, Annualized)31.28%29.59%
Beta (5Y)0.971.02
Max Drawdown (5Y)-43.55%-42.46%
Avg. Volume (3M)1.73M1.72M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
PPG 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 PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Sharpe Ratio (1Y)0.950.05
Sortino Ratio (1Y)1.450.08

Profitability

ROE (TTM)

Sherwin-Williams (SHW) at 63.70% clears its industry range for ROE, a sharper capital-efficiency signal than PPG Industries (PPG) at 19.49%, which is closer to a typical peer reading.

PPG

Materials industry group

19.49%

Max
52.88%
PPG
19.49%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%

SHW

Materials industry group

63.70%

SHW
63.70%
Max
52.88%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both PPG Industries (PPG) at 9.41% and Sherwin-Williams (SHW) at 10.74% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PPG

Materials industry group

9.41%

Max
38.66%
Q3
15.98%
PPG
9.41%
Median
5.28%
Q1
0.00%
Min
-20.40%

SHW

Materials industry group

10.74%

Max
38.66%
Q3
15.98%
SHW
10.74%
Median
5.28%
Q1
0.00%
Min
-20.40%
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both PPG Industries (PPG) at 14.66% and Sherwin-Williams (SHW) at 17.56% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

PPG

Materials industry group

14.66%

Max
66.70%
Q3
28.92%
PPG
14.66%
Median
12.56%
Q1
3.28%
Min
-14.07%

SHW

Materials industry group

17.56%

Max
66.70%
Q3
28.92%
SHW
17.56%
Median
12.56%
Q1
3.28%
Min
-14.07%
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
ROE (TTM)19.49%63.70%
ROA (TTM)6.22%9.48%
Net Margin (TTM)9.41%10.74%
Operating Margin (TTM)14.66%17.56%
Gross Margin (TTM)41.18%48.60%

Growth

Revenue Growth

Both PPG Industries (PPG) at 0.19% 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.

Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both PPG Industries (PPG) at 46.11% and Sherwin-Williams (SHW) at -2.75% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Revenue Growth (YoY)0.19%2.06%
Revenue Growth (3Y CAGR)0.55%2.10%
EPS Growth (YoY)46.11%-2.75%
EPS Growth (3Y CAGR)17.12%9.95%

Financial Strength

Current Ratio (MRQ)

PPG Industries (PPG) at 1.58 keeps current ratio within its industry’s typical mid-range, while Sherwin-Williams (SHW) at 0.71 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SHW.

PPG

Materials industry group

1.58

Max
5.96
Q3
3.30
Median
2.24
PPG
1.58
Q1
1.45
Min
0.16

SHW

Materials industry group

0.71

Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
SHW
0.71
Min
0.16
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

PPG Industries (PPG) at 0.87 is near its industry mid-range for debt-to-equity ratio, while Sherwin-Williams (SHW) at 3.72 sits above its benchmark range, pointing to a heavier debt load relative to equity.

PPG

Materials industry group

0.87

Max
1.98
Q3
0.89
PPG
0.87
Median
0.47
Q1
0.13
Min
0.00

SHW

Materials industry group

3.72

SHW
3.72
Max
1.98
Q3
0.89
Median
0.47
Q1
0.13
Min
0.00
Loading chart…
PPG Industries (PPG) 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 PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Current Ratio (MRQ)1.580.71
Debt / Equity (MRQ)0.873.72
Net Debt / EBITDA2.113.04

Dividends

Dividend Yield (TTM)

PPG Industries (PPG) at 2.33% delivers top-quartile income for its industry, while Sherwin-Williams (SHW) at 0.91% pays a more typical yield — both are credible income propositions, PPG the richer one.

PPG

Materials industry group

2.33%

Max
4.52%
PPG
2.33%
Q3
1.85%
Median
0.38%
Q1
0.00%
Min
0.00%

SHW

Materials industry group

0.91%

Max
4.52%
Q3
1.85%
SHW
0.91%
Median
0.38%
Q1
0.00%
Min
0.00%
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both PPG Industries (PPG) at 40.31% and Sherwin-Williams (SHW) at 29.35% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

PPG

Materials industry group

40.31%

Max
83.62%
Q3
41.37%
PPG
40.31%
Median
9.54%
Q1
0.00%
Min
0.00%

SHW

Materials industry group

29.35%

Max
83.62%
Q3
41.37%
SHW
29.35%
Median
9.54%
Q1
0.00%
Min
0.00%
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
Dividend Yield (TTM)2.33%0.91%
Dividend Payout Ratio (TTM)40.31%29.35%

Valuation

P/E Ratio (TTM)

Both PPG Industries (PPG) at 17.19 and Sherwin-Williams (SHW) at 31.66 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PPG

Materials industry group

17.19

Max
59.00
Q3
32.93
Median
18.82
PPG
17.19
Q1
11.96
Min
3.93

SHW

Materials industry group

31.66

Max
59.00
Q3
32.93
SHW
31.66
Median
18.82
Q1
11.96
Min
3.93
Loading chart…
PPG Industries (PPG) 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 PPG Industries (PPG) at 1.62 and Sherwin-Williams (SHW) at 3.34 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PPG

Materials industry group

1.62

Max
9.62
Q3
4.34
Median
1.87
PPG
1.62
Q1
0.73
Min
0.00

SHW

Materials industry group

3.34

Max
9.62
Q3
4.34
SHW
3.34
Median
1.87
Q1
0.73
Min
0.00
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

PPG Industries (PPG) at 3.19 sits near its industry’s typical P/B ratio, while Sherwin-Williams (SHW) at 20.78 prices above its benchmark range — SHW looks rich relative to book.

PPG

Materials industry group

3.19

Max
6.59
Q3
3.55
PPG
3.19
Median
2.08
Q1
1.26
Min
-0.17

SHW

Materials industry group

20.78

SHW
20.78
Max
6.59
Q3
3.55
Median
2.08
Q1
1.26
Min
-0.17
Loading chart…
PPG Industries (PPG) vs. Sherwin-Williams (SHW): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for PPG Industries (PPG) and Sherwin-Williams (SHW)
MetricPPGSHW
P/E Ratio (TTM)17.1931.66
P/S Ratio (TTM)1.623.34
P/B Ratio (MRQ)3.1920.78
Free Cash Flow Yield (TTM)4.06%2.98%