Buyback yield (TTM)
2.39%
Shareholder yield (TTM)
3.39%
5Y share count change
-9.1%
Buyback spend (TTM)
$1.88B
Cumulative buybacks
$20.77B
Key takeaways
- Sherwin-Williams (SHW) repurchased about $1.88B of stock over the trailing twelve months.
- Diluted share count is down 9.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 14.88× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -7.5% per year over the latest 5-year window.
- TTM repurchases used about 89% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Sherwin-Williams (SHW)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Sherwin-Williams (SHW)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Sherwin-Williams (SHW)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Sherwin-Williams (SHW)
Latest: $1.66B
Overview
Sherwin-Williams (SHW) most recent annual buyback spend stands at $1.66B (2025) – edged down 4.7% year-over-year.
Over 2020–2025 (5 years), Sherwin-Williams buyback spend expanded at a -7.5% compound annual rate, with a net decline across the window.
Sherwin-Williams buyback spend peaked at $2.75B in 2021; the latest annual figure is $1.66B in 2025 (39.8% below peak).
Across the available history, buyback spend reached its high of $2.75B in 2021 and its low of $0.00 in 2016.
Sherwin-Williams Buyback Spend 2025: $1.66B
Sherwin-Williams buyback spend in 2025 was $1.66B, edged down 4.7% below 2024.
Sherwin-Williams Buyback Spend 2024: $1.74B
2024's buyback spend for Sherwin-Williams came in at $1.74B, grew 21.4% from 2023.
Sherwin-Williams Buyback Spend 2023: $1.43B
Sherwin-Williams posted buyback spend of $1.43B in 2023, surged 62.1% from 2022.
Sherwin-Williams Buyback Spend 2022: $883.20M
In 2022, Sherwin-Williams reported buyback spend of $883.20M, plunged 67.9% below 2021.
Sherwin-Williams Buyback Spend 2021: $2.75B
Sherwin-Williams buyback spend in 2021 was $2.75B.
See more financial history for Sherwin-Williams (SHW).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.66B | $123.50M | $1.53B | 2.07% | 0.25B | -2.1% | |
| 2024 | $1.74B | $138.10M | $1.60B | 2.02% | 0.25B | -1.6% | |
| 2023 | $1.43B | $115.90M | $1.32B | 1.81% | 0.26B | -1.3% | |
| 2022 | $883.20M | $99.70M | $783.50M | 1.45% | 0.26B | -2.0% | |
| 2021 | $2.75B | $97.70M | $2.65B | 3.01% | 0.27B | -2.4% | |
| 2020 | $2.45B | $95.90M | $2.35B | 3.71% | 0.27B | -2.3% | |
| 2019 | $778.80M | $101.70M | $677.10M | 1.46% | 0.28B | -1.6% | |
| 2018 | $613.30M | $82.60M | $530.70M | 1.68% | 0.28B | +0.1% | |
| 2017 | $0.00 | $90.30M | −$90.30M | — | 0.28B | +0.5% | |
| 2016 | $0.00 | $72.11M | −$72.11M | — | 0.28B | +0.5% | |
| 2015 | $1.04B | $72.34M | $962.95M | 4.35% | 0.28B | -4.1% | |
| 2014 | $1.49B | $64.73M | $1.42B | 5.99% | 0.29B | -4.8% | |
| 2013 | $769.27M | $58.00M | $711.27M | 4.21% | 0.31B | -0.8% | |
| 2012 | $557.77M | $54.35M | $503.42M | 3.56% | 0.31B | -1.6% | |
| 2011 | $367.37M | $48.18M | $319.20M | 4.03% | 0.32B | -2.9% | |
| 2010 | $375.68M | $42.28M | $333.40M | 4.23% | 0.33B | -5.8% | |
| 2009 | $530.36M | $23.27M | $507.09M | 7.86% | 0.35B | -3.3% | |
| 2008 | $393.54M | $41.11M | $352.43M | 5.69% | 0.36B | -8.8% | |
| 2007 | $863.14M | $35.35M | $827.78M | 12.17% | 0.39B | -4.8% | |
| 2006 | $311.13M | $0.00 | $311.13M | 3.71% | 0.41B | -2.7% | |
| 2005 | $356.49M | $0.00 | $356.49M | 5.87% | 0.42B | -2.3% | |
| 2004 | $267.36M | $0.00 | $267.36M | 4.28% | 0.43B | -1.6% | |
| 2003 | $238.15M | $0.00 | $238.15M | 4.74% | 0.44B | -3.2% | |
| 2002 | $190.32M | $0.00 | $190.32M | 4.54% | 0.46B | -3.1% | |
| 2001 | $157.09M | $0.00 | $157.09M | 3.72% | 0.47B | -2.3% | |
| 2000 | $146.86M | $0.00 | $146.86M | — | 0.48B | -5.1% | |
| 1999 | $147.40M | $0.00 | $147.40M | — | 0.51B | -2.9% | |
| 1998 | $85.00M | $0.00 | $85.00M | — | 0.52B | +0.1% | |
| 1997 | $8.40M | $0.00 | $8.40M | — | 0.52B | +0.8% | |
| 1996 | $3.10M | $0.00 | $3.10M | — | 0.52B | — | |
| 1995 | $17.40M | $0.00 | $17.40M | — | — | — | |
| 1994 | $128.10M | $0.00 | $128.10M | — | — | — | |
| 1993 | $16.10M | $0.00 | $16.10M | — | — | — | |
| 1992 | $4.30M | $0.00 | $4.30M | — | — | — | |
| 1991 | $1.30M | $0.00 | $1.30M | — | — | — | |
| 1990 | $1.30M | $0.00 | $1.30M | — | — | — | |
| 1989 | $12.50M | $0.00 | $12.50M | — | — | — |
- 2025$1.66B
- 2024$1.74B
- 2023$1.43B
- 2022$883.20M
- 2021$2.75B
- 2020$2.45B
- 2019$778.80M
- 2018$613.30M
- 2017$0.00
- 2016$0.00
- 2015$1.04B
- 2014$1.49B
- 2013$769.27M
- 2012$557.77M
- 2011$367.37M
- 2010$375.68M
- 2009$530.36M
- 2008$393.54M
- 2007$863.14M
- 2006$311.13M
- 2005$356.49M
- 2004$267.36M
- 2003$238.15M
- 2002$190.32M
- 2001$157.09M
- 2000$146.86M
- 1999$147.40M
- 1998$85.00M
- 1997$8.40M
- 1996$3.10M
- 1995$17.40M
- 1994$128.10M
- 1993$16.10M
- 1992$4.30M
- 1991$1.30M
- 1990$1.30M
- 1989$12.50M
Buybacks vs stock-based compensation for Sherwin-Williams (SHW)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 14.88×.
Buybacks vs dividends (share of cash returned) for Sherwin-Williams (SHW)
How Sherwin-Williams splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Sherwin-Williams, ranked by their latest buyback spend.
| $4.60B | |
| $2.30B | |
| $1.18B | |
| $783.80M | |
| $682.89M | |
| $107.00M | |
| $0.00 | |
| $0.00 |
- $4.60B
- $2.30B
- $1.18B
- $783.80M
- $682.89M
- $107.00M
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.12B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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