Sherwin-Williams vs Westlake
Sherwin-Williams reported revenue of $23.6 billion in fiscal 2025, 2.1 times Westlake's $11.2 billion in fiscal 2025. Sherwin-Williams' revenue grew 2.1% in its latest year, and Westlake's fell 8.0%. Free cash flow was $2.7 billion at Sherwin-Williams and −$530 million at Westlake.
Side by side
| Sherwin-Williams | Westlake | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $23.6B | $11.2B |
| Revenue growth | 2.1% | −8.0% |
| Revenue growth a year, last 5 years | 5.1% | 8.3% |
| Gross margin | 48.9% | 7.3% |
| Operating margin | — | −14.1% |
| Net margin | 10.9% | −13.5% |
| Free cash flow | $2.7B | −$530M |
| Free cash flow margin | 11.3% | −4.7% |
| Return on capital | 19.9% | −10.0% |
| Net debt to EBITDA | 2.4x | — |
| Dividends and buybacks | $2.4B | $335M |
| Change in diluted share count | −1.5% | −0.7% |
| Last close | $335.16 | $65.31 |
| P/E at the last close | 30.9× | — |
| Insider trades, last 12 months | sold $9.7 million | sold $10.2 million |
| Piotroski F-score | 6 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Sherwin-WilliamsWestlake
Operating margin
Percent of revenue
Sherwin-WilliamsWestlake
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Sherwin-WilliamsWestlake
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Sherwin-Williams and Westlake pages.