PPG Industries (PPG) vs Sherwin-Williams (SHW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
PPG Industries (PPG) has outperformed Sherwin-Williams (SHW) over the past year, gaining 3.3% versus a loss of 6.5%. Over five years, SHW leads with a +6.3% price change compared with -34.4% for PPG. Sherwin-Williams is the larger company by market cap ($76.47 billion vs $23.36 billion), about 3.3 times the size.
On valuation, PPG Industries trades at a lower forward P/E (12.2x vs 23.2x for Sherwin-Williams). PPG Industries offers the higher dividend yield (2.70% vs 1.01%). Sherwin-Williams converts more of its revenue into profit, with a net margin of 10.9% versus 9.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PPG | SHW |
|---|---|---|
| Share price | $105.08 | $315.00 |
| Market cap | $23.36B | $76.47B |
| 1-day change | -1.35% | -1.92% |
| YTD return | +2.56% | -2.79% |
| 1-year return | +3.32% | -6.53% |
| 5-year return | -34.45% | +6.28% |
| P/E ratio (TTM) | 15.30 | 29.61 |
| Forward P/E | 12.16 | 23.21 |
| EPS (TTM) | $6.87 | $10.64 |
| Dividend yield | 2.70% | 1.01% |
| Annual dividend | $2.84 | $3.18 |
| Revenue (latest FY) | $15.88B | $23.57B |
| Revenue growth (YoY) | +0.19% | +2.06% |
| Net income (latest FY) | $1.58B | $2.57B |
| Gross margin | 41.32% | 48.85% |
| Net margin | 9.93% | 10.90% |
| 52-week high | $133.43 | $377.77 |
| 52-week low | $93.39 | $289.86 |
| Distance from 52-week high | -21.25% | -16.62% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +19.63% | +22.63% |
| Average volume | 1.66M | 1.79M |
| Shares outstanding | 222.30M | 242.76M |
| Employees | 43,500 | 64,249 |
| Sector | Consumer Discretionary | Consumer Discretionary |
| Industry | Paints/Coatings | RETAIL: Building Materials |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Sherwin-Williams is about 3.3 times larger than PPG Industries by market value ($76.47B vs $23.36B).
- Sherwin-Williams trades at a higher earnings multiple (29.6x vs 15.3x trailing P/E).
- PPG Industries offers a meaningfully higher dividend yield (2.70% vs 1.01%).
About PPG Industries
PPG stock →PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.
Consumer Discretionary · Paints/Coatings · 43,500 employees
About Sherwin-Williams
SHW stock →The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.
Consumer Discretionary · RETAIL: Building Materials · 64,249 employees
PPG vs SHW FAQ
Which is bigger, PPG Industries or Sherwin-Williams?
Sherwin-Williams (SHW) is larger, with a market capitalization of $76.47B compared with $23.36B for PPG Industries (PPG).
Which stock has performed better over the past year, PPG or SHW?
PPG returned +3.32% over the past 12 months, compared with -6.53% for SHW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PPG or SHW?
PPG has the lower trailing P/E at 15.3, versus 29.6 for SHW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, PPG Industries or Sherwin-Williams?
PPG Industries has the higher yield at 2.70%, compared with 1.01% for Sherwin-Williams.
Are PPG Industries and Sherwin-Williams in the same industry?
Both are in the Consumer Discretionary sector, but in different industries: Paints/Coatings for PPG Industries and RETAIL: Building Materials for Sherwin-Williams.