RPM vs SHW: RPM International and Sherwin-Williams compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Sherwin-Williams is the larger company, worth $79.5B, about 6.5 times RPM International.
- Sherwin-Williams grew revenue faster over the last year (+7.5% vs +4.8%).
- On earnings, RPM International is the cheaper stock (18.4x vs 31.0x).
- Sherwin-Williams's price assumes faster free cash flow growth: about 10% a year, against 4% for RPM International (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | RPM | SHW |
|---|---|---|
| Market cap | $12.2B | $79.5B |
| Share price | $97.73 | $319.36 |
| Revenue (last fiscal year) | $7.9B | $23.6B |
| Free cash flow (last fiscal year) | $675M | $2.7B |
| Revenue growth, last year | +4.8% | +7.5% |
| Revenue growth per year, last 5 fiscal years | +4.1% | +4.3% |
| Operating margin | — | — |
| Net margin | 8.7% | 11.0% |
| Return on equity | 19.8% | 69.7% |
| P/E (trailing) | 18.4x | 31.0x |
| Price / free cash flow | 22.7x | 30.0x |
| EV / EBITDA | 12.6x | 19.6x |
| FCF growth the price implies | 3.7% | 10.3% |
| Dividend yield | 2.1% | 0.99% |
| Debt / equity | 1.37x | 5.99x |
| Fundamental grade | C | C |
| Superinvestors holding it | 4 | 8 |
| Insider purchases, last 12 months | 10 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
RPM International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $6.7B | -$44M | — |
| 2023 | $7.3B | $323M | — |
| 2024 | $7.3B | $908M | — |
| 2025 | $7.4B | $538M | — |
| 2026 | $7.9B | $675M | — |
Sherwin-Williams
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $19.9B | $1.9B | 15.5% |
| 2022 | $22.1B | $1.3B | 15.3% |
| 2023 | $23.1B | $2.6B | 18.1% |
| 2024 | $23.1B | $2.1B | — |
| 2025 | $23.6B | $2.7B | — |
Where the revenue comes from
RPM International · by segments, 2026
CPG Segment$3.1B39%
Consumer Segment$2.7B34%
PCG Segment$2.1B27%
Sherwin-Williams · by segments, 2025
Paint Stores Group$13.6B47%
Consumer Brands Group$8.6B30%
Performance Coatings Group$6.8B24%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open RPM in InvestinglyQuestions
Which is bigger, RPM International or Sherwin-Williams?
Sherwin-Williams (SHW), at $79.5B against $12.2B.
Is RPM or SHW cheaper?
By trailing P/E, RPM International (18.4x) is cheaper than Sherwin-Williams (31.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, RPM or SHW?
Sherwin-Williams: revenue grew +7.5% over the last year, against +4.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.