HD vs SHW
Home Depot, Inc. and Sherwin Williams Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | HD | SHW |
|---|---|---|
| Revenue | $164.7B | $23.6B |
| Net income | $14.2B | $2.6B |
| Gross margin | 33.3% | 48.8% |
| Net margin | 8.6% | 10.9% |
| Return on equity | 145.5% | 59.4% |
| Diluted EPS | $14.23 | $10.26 |
| Dividend / share | $9.20 | $3.16 |
| Payout ratio | 64.7% | 30.7% |
| Free cash flow | $12.6B | $2.7B |
| Equity | $12.8B | $4.6B |
| Net debt / equity | 3.75× | 2.06× |
| Current ratio | 1.06× | 0.87× |
| Revenue CAGR 5y | 4.5% | 5.1% |
| Profit CAGR 5y | 1.9% | 4.8% |
HD bills 7.0× the revenue of SHW, and SHW keeps more of each dollar of revenue as profit (10.9% against 8.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | HD | SHW |
|---|---|---|
| FY2025 | $164.7B | $23.6B |
| FY2024 | $159.5B | $23.1B |
| FY2023 | $152.7B | $23.1B |
| FY2022 | $157.4B | $22.1B |
| FY2021 | $151.2B | $19.9B |
| FY2020 | $132.1B | $18.4B |
| FY2019 | $110.2B | $17.9B |
| FY2018 | $108.2B | $17.5B |
| FY2017 | $100.9B | $15.0B |
| FY2016 | $94.6B | $11.9B |
Bottom line
| Fiscal year | HD | SHW |
|---|---|---|
| FY2025 | $14.2B | $2.6B |
| FY2024 | $14.8B | $2.7B |
| FY2023 | $15.1B | $2.4B |
| FY2022 | $17.1B | $2.0B |
| FY2021 | $16.4B | $1.9B |
| FY2020 | $12.9B | $2.0B |
| FY2019 | $11.2B | $1.5B |
| FY2018 | $11.1B | $1.1B |
| FY2017 | $8.6B | $1.7B |
| FY2016 | $8.0B | $1.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$141,108,700,000 | HD |
| FY2024 | +$136,415,500,000 | HD |
| FY2023 | +$129,617,100,000 | HD |
| FY2022 | +$135,254,100,000 | HD |
| FY2021 | +$131,212,400,000 | HD |
| FY2020 | +$113,748,300,000 | HD |
| FY2019 | +$92,324,200,000 | HD |
| FY2018 | +$90,668,500,000 | HD |
| FY2017 | +$85,920,200,000 | HD |
| FY2016 | +$82,739,398,000 | HD |
| FY2015 | +$77,180,000,000 | HD |
| FY2014 | +$72,046,000,000 | HD |
| FY2013 | +$68,626,000,000 | HD |
| FY2012 | +$65,220,000,000 | HD |
| FY2011 | +$61,629,000,000 | HD |
| FY2010 | +$60,220,576,000 | HD |
| FY2009 | +$59,081,751,000 | HD |
| FY2008 | +$63,308,273,000 | HD |
| FY2007 | +$69,343,708,000 | HD |
HD has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.3 pp | SHW |
| FY2024 | −2.3 pp | SHW |
| FY2023 | −0.4 pp | SHW |
| FY2022 | +1.7 pp | HD |
| FY2021 | +1.5 pp | HD |
| FY2020 | −1.3 pp | SHW |
| FY2019 | +1.6 pp | HD |
| FY2018 | +4.0 pp | HD |
| FY2017 | −3.0 pp | SHW |
| FY2016 | −1.1 pp | SHW |
| FY2015 | −1.4 pp | SHW |
| FY2014 | −0.2 pp | SHW |
| FY2013 | −0.6 pp | SHW |
| FY2012 | −0.6 pp | SHW |
| FY2011 | +0.5 pp | HD |
| FY2010 | −1.0 pp | SHW |
| FY2009 | −2.1 pp | SHW |
| FY2008 | −2.8 pp | SHW |
| FY2007 | −2.0 pp | SHW |
The higher net margin has changed hands between HD and SHW over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's net margin has been more volatile than SHW's over the 19 comparable fiscal years — 2.3 percentage points of standard deviation against 2.0.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between HD and SHW over these 19 fiscal years — HD led in 5 and SHW in 14.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HD's return on equity has been more volatile than SHW's over the 14 comparable fiscal years — 295.4 percentage points of standard deviation against 24.4.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between HD and SHW over these 14 fiscal years — HD led in 5 and SHW in 9.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.