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Side-by-side financial comparison of Sherwin-Williams (SHW) and Stryker Corporation (SYK). Click either name above to swap in a different company.
Stryker Corporation is the larger business by last-quarter revenue ($7.2B vs $5.7B, roughly 1.3× Sherwin-Williams). Stryker Corporation runs the higher net margin — 11.8% vs 9.4%, a 2.4% gap on every dollar of revenue. On growth, Stryker Corporation posted the faster year-over-year revenue change (11.4% vs 6.8%). Over the past eight quarters, Stryker Corporation's revenue compounded faster (16.9% CAGR vs -4.9%).
Sherwin-Williams is an American paints and coatings company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products with operations in over 120 countries. As of 2024, it is the largest coatings company in the world by revenue.
The Stryker is a family of eight-wheeled armored fighting vehicles derived from the Canadian LAV III, which in turn derived from the Swiss Mowag Piranha. Stryker vehicles are produced by General Dynamics Land Systems-Canada (GDLS-C) for the United States Army in a plant in London, Ontario. It has four-wheel drive (8×4) and can be switched to all-wheel drive (8×8).
SHW vs SYK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.7B | $7.2B |
| Net Profit | $534.7M | $849.0M |
| Gross Margin | 49.1% | 64.5% |
| Operating Margin | — | 25.2% |
| Net Margin | 9.4% | 11.8% |
| Revenue YoY | 6.8% | 11.4% |
| Net Profit YoY | 6.1% | 55.5% |
| EPS (diluted) | $2.15 | $2.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.6B | $7.2B | ||
| Q3 25 | $6.4B | $6.1B | ||
| Q2 25 | $6.3B | $6.0B | ||
| Q1 25 | $5.3B | $5.9B | ||
| Q4 24 | $5.3B | $6.4B | ||
| Q3 24 | $6.2B | $5.5B | ||
| Q2 24 | $6.3B | $5.4B |
| Q1 26 | $534.7M | — | ||
| Q4 25 | $476.8M | $849.0M | ||
| Q3 25 | $833.1M | $859.0M | ||
| Q2 25 | $754.7M | $884.0M | ||
| Q1 25 | $503.9M | $654.0M | ||
| Q4 24 | $480.1M | $546.0M | ||
| Q3 24 | $806.2M | $834.0M | ||
| Q2 24 | $889.9M | $825.0M |
| Q1 26 | 49.1% | — | ||
| Q4 25 | 48.5% | 64.5% | ||
| Q3 25 | 49.2% | 63.6% | ||
| Q2 25 | 49.4% | 63.8% | ||
| Q1 25 | 48.2% | 63.8% | ||
| Q4 24 | 48.6% | 64.9% | ||
| Q3 24 | 49.1% | 64.0% | ||
| Q2 24 | 48.8% | 63.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.4% | 25.2% | ||
| Q3 25 | 16.7% | 18.7% | ||
| Q2 25 | 15.6% | 18.5% | ||
| Q1 25 | 12.3% | 14.3% | ||
| Q4 24 | 11.6% | 9.0% | ||
| Q3 24 | 21.4% | 19.7% | ||
| Q2 24 | 22.5% | 19.4% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 8.5% | 11.8% | ||
| Q3 25 | 13.1% | 14.2% | ||
| Q2 25 | 12.0% | 14.7% | ||
| Q1 25 | 9.5% | 11.1% | ||
| Q4 24 | 9.1% | 8.5% | ||
| Q3 24 | 13.1% | 15.2% | ||
| Q2 24 | 14.2% | 15.2% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $1.91 | $2.20 | ||
| Q3 25 | $3.35 | $2.22 | ||
| Q2 25 | $3.00 | $2.29 | ||
| Q1 25 | $2.00 | $1.69 | ||
| Q4 24 | $1.90 | $1.41 | ||
| Q3 24 | $3.18 | $2.16 | ||
| Q2 24 | $3.50 | $2.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $216.9K | $4.0B |
| Total DebtLower is stronger | $11.7M | — |
| Stockholders' EquityBook value | $4.4M | $22.4B |
| Total Assets | $26.4M | $47.8B |
| Debt / EquityLower = less leverage | 2.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $216.9K | — | ||
| Q4 25 | $207.2M | $4.0B | ||
| Q3 25 | $241.5M | $3.3B | ||
| Q2 25 | $269.8M | $2.4B | ||
| Q1 25 | $199.8M | $2.3B | ||
| Q4 24 | $210.4M | $3.7B | ||
| Q3 24 | $238.2M | $3.9B | ||
| Q2 24 | $200.0M | $1.9B |
| Q1 26 | $11.7M | — | ||
| Q4 25 | $9.7B | — | ||
| Q3 25 | $9.7B | — | ||
| Q2 25 | $9.0B | — | ||
| Q1 25 | $9.0B | — | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $9.0B | — |
| Q1 26 | $4.4M | — | ||
| Q4 25 | $4.6B | $22.4B | ||
| Q3 25 | $4.4B | $21.8B | ||
| Q2 25 | $4.4B | $21.2B | ||
| Q1 25 | $4.1B | $20.9B | ||
| Q4 24 | $4.1B | $20.6B | ||
| Q3 24 | $4.2B | $20.1B | ||
| Q2 24 | $3.8B | $19.8B |
| Q1 26 | $26.4M | — | ||
| Q4 25 | $25.9B | $47.8B | ||
| Q3 25 | $26.2B | $47.1B | ||
| Q2 25 | $25.4B | $46.3B | ||
| Q1 25 | $24.6B | $46.0B | ||
| Q4 24 | $23.6B | $43.0B | ||
| Q3 24 | $24.0B | $43.8B | ||
| Q2 24 | $23.7B | $39.1B |
| Q1 26 | 2.64× | — | ||
| Q4 25 | 2.10× | — | ||
| Q3 25 | 2.18× | — | ||
| Q2 25 | 2.04× | — | ||
| Q1 25 | 2.17× | — | ||
| Q4 24 | 2.28× | — | ||
| Q3 24 | 2.22× | — | ||
| Q2 24 | 2.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $2.1B |
| Free Cash FlowOCF − Capex | — | $1.9B |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | 2.4% | 3.7% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $-61.1M | $250.0M | ||
| Q4 24 | $934.5M | $1.9B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.2B | $633.0M |
| Q1 26 | — | — | ||
| Q4 25 | $862.1M | $1.9B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $931.1M | $928.0M | ||
| Q1 25 | $-250.4M | $127.0M | ||
| Q4 24 | $634.5M | $1.7B | ||
| Q3 24 | $839.4M | $1.3B | ||
| Q2 24 | $952.0M | $481.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 26.1% | ||
| Q3 25 | 17.5% | 22.3% | ||
| Q2 25 | 14.7% | 15.4% | ||
| Q1 25 | -4.7% | 2.2% | ||
| Q4 24 | 12.0% | 25.9% | ||
| Q3 24 | 13.6% | 23.7% | ||
| Q2 24 | 15.2% | 8.9% |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 4.1% | 3.7% | ||
| Q3 25 | 3.1% | 3.1% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | 3.6% | 2.1% | ||
| Q4 24 | 5.7% | 4.1% | ||
| Q3 24 | 3.8% | 3.1% | ||
| Q2 24 | 4.0% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.29× | 2.52× | ||
| Q3 25 | 1.57× | 1.79× | ||
| Q2 25 | 1.47× | 1.26× | ||
| Q1 25 | -0.12× | 0.38× | ||
| Q4 24 | 1.95× | 3.54× | ||
| Q3 24 | 1.33× | 1.77× | ||
| Q2 24 | 1.35× | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHW
Segment breakdown not available.
SYK
| Medical | $1.3B | 18% |
| Endoscopy | $1.1B | 16% |
| Traumaand Extremities | $1.1B | 15% |
| Instruments | $925.0M | 13% |
| Knees | $749.0M | 10% |
| Neuro Cranial | $669.0M | 9% |
| Neurovascular | $539.0M | 8% |
| Hips | $499.0M | 7% |
| Other Orthopaedics | $267.0M | 4% |
| Spine | $8.0M | 0% |
