SHW vs TSCO
Sherwin Williams Co. and Tractor Supply Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | SHW | TSCO |
|---|---|---|
| Revenue | $23.6B | $15.5B |
| Net income | $2.6B | $1.1B |
| Gross margin | 48.8% | 36.4% |
| Net margin | 10.9% | 7.1% |
| Return on equity | 59.4% | 45.2% |
| Diluted EPS | $10.26 | $2.06 |
| Dividend / share | $3.16 | $0.92 |
| Payout ratio | 30.7% | 44.5% |
| Free cash flow | $2.7B | $740.5M |
| Equity | $4.6B | $2.6B |
| Net debt / equity | 2.06× | 0.61× |
| Current ratio | 0.87× | 1.34× |
| Revenue CAGR 5y | 5.1% | 7.9% |
| Profit CAGR 5y | 4.8% | 7.9% |
SHW bills 1.5× the revenue of TSCO, and keeps more of each dollar of revenue as profit (10.9% against 7.1%).
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 | SHW | TSCO |
|---|---|---|
| FY2025 | $23.6B | $15.5B |
| FY2024 | $23.1B | $14.9B |
| FY2023 | $23.1B | $14.6B |
| FY2022 | $22.1B | $14.2B |
| FY2021 | $19.9B | $12.7B |
| FY2020 | $18.4B | $10.6B |
| FY2019 | $17.9B | $8.4B |
| FY2018 | $17.5B | $7.9B |
| FY2017 | $15.0B | $7.3B |
| FY2016 | $11.9B | $6.8B |
Bottom line
| Fiscal year | SHW | TSCO |
|---|---|---|
| FY2025 | $2.6B | $1.1B |
| FY2024 | $2.7B | $1.1B |
| FY2023 | $2.4B | $1.1B |
| FY2022 | $2.0B | $1.1B |
| FY2021 | $1.9B | $997.1M |
| FY2020 | $2.0B | $749.0M |
| FY2019 | $1.5B | $562.4M |
| FY2018 | $1.1B | $532.4M |
| FY2017 | $1.7B | $422.6M |
| FY2016 | $1.1B | $437.1M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$8,050,254,000 | SHW |
| FY2024 | +$8,215,269,000 | SHW |
| FY2023 | +$8,496,159,000 | SHW |
| FY2022 | +$7,944,183,000 | SHW |
| FY2021 | +$7,213,495,000 | SHW |
| FY2020 | +$7,741,348,000 | SHW |
| FY2019 | +$9,548,869,000 | SHW |
| FY2018 | +$9,623,454,000 | SHW |
| FY2017 | +$7,727,418,000 | SHW |
| FY2016 | +$5,076,023,000 | SHW |
| FY2015 | +$5,112,493,000 | SHW |
| FY2014 | +$5,418,285,000 | SHW |
| FY2013 | +$5,021,216,000 | SHW |
| FY2012 | +$4,869,880,000 | SHW |
| FY2011 | +$4,533,257,000 | SHW |
| FY2010 | +$4,138,088,000 | SHW |
| FY2009 | +$3,887,312,000 | SHW |
| FY2008 | +$4,971,778,000 | SHW |
SHW has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.8 pp | SHW |
| FY2024 | +4.2 pp | SHW |
| FY2023 | +2.8 pp | SHW |
| FY2022 | +1.5 pp | SHW |
| FY2021 | +1.5 pp | SHW |
| FY2020 | +4.0 pp | SHW |
| FY2019 | +1.9 pp | SHW |
| FY2018 | −0.4 pp | TSCO |
| FY2017 | +5.7 pp | SHW |
| FY2016 | +3.1 pp | SHW |
| FY2015 | +2.7 pp | SHW |
| FY2014 | +1.3 pp | SHW |
| FY2013 | +1.0 pp | SHW |
| FY2012 | +0.7 pp | SHW |
| FY2011 | −0.2 pp | TSCO |
| FY2010 | +1.3 pp | SHW |
| FY2009 | +2.4 pp | SHW |
| FY2008 | +2.4 pp | SHW |
The higher net margin has changed hands between SHW and TSCO over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SHW's net margin has been more volatile than TSCO's over the 18 comparable fiscal years — 2.1 percentage points of standard deviation against 1.2.
18 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 SHW and TSCO over these 18 fiscal years — SHW led in 16 and TSCO in 2.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SHW's return on equity has been more volatile than TSCO's over the 18 comparable fiscal years — 22.5 percentage points of standard deviation against 11.9.
18 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 SHW and TSCO over these 18 fiscal years — SHW led in 17 and TSCO in 1.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.