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Side-by-side financial comparison of Sherwin-Williams (SHW) and TELUS CORP (TU). Click either name above to swap in a different company.

Sherwin-Williams is the larger business by last-quarter revenue ($5.7B vs $3.7B, roughly 1.5× TELUS CORP). Sherwin-Williams runs the higher net margin — 9.4% vs -4.8%, a 14.3% gap on every dollar of revenue. On growth, Sherwin-Williams posted the faster year-over-year revenue change (6.8% vs 2.2%).

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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

SHW vs TU — Head-to-Head

Bigger by revenue
SHW
SHW
1.5× larger
SHW
$5.7B
$3.7B
TU
Growing faster (revenue YoY)
SHW
SHW
+4.6% gap
SHW
6.8%
2.2%
TU
Higher net margin
SHW
SHW
14.3% more per $
SHW
9.4%
-4.8%
TU

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
SHW
SHW
TU
TU
Revenue
$5.7B
$3.7B
Net Profit
$534.7M
$-178.8M
Gross Margin
49.1%
90.2%
Operating Margin
3.4%
Net Margin
9.4%
-4.8%
Revenue YoY
6.8%
2.2%
Net Profit YoY
6.1%
-210.9%
EPS (diluted)
$2.15

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.

Revenue
SHW
SHW
TU
TU
Q1 26
$5.7B
Q4 25
$5.6B
Q3 25
$6.4B
Q2 25
$6.3B
$3.7B
Q1 25
$5.3B
Q4 24
$5.3B
Q3 24
$6.2B
Q2 24
$6.3B
$3.6B
Net Profit
SHW
SHW
TU
TU
Q1 26
$534.7M
Q4 25
$476.8M
Q3 25
$833.1M
Q2 25
$754.7M
$-178.8M
Q1 25
$503.9M
Q4 24
$480.1M
Q3 24
$806.2M
Q2 24
$889.9M
$161.3M
Gross Margin
SHW
SHW
TU
TU
Q1 26
49.1%
Q4 25
48.5%
Q3 25
49.2%
Q2 25
49.4%
90.2%
Q1 25
48.2%
Q4 24
48.6%
Q3 24
49.1%
Q2 24
48.8%
87.9%
Operating Margin
SHW
SHW
TU
TU
Q1 26
Q4 25
11.4%
Q3 25
16.7%
Q2 25
15.6%
3.4%
Q1 25
12.3%
Q4 24
11.6%
Q3 24
21.4%
Q2 24
22.5%
13.7%
Net Margin
SHW
SHW
TU
TU
Q1 26
9.4%
Q4 25
8.5%
Q3 25
13.1%
Q2 25
12.0%
-4.8%
Q1 25
9.5%
Q4 24
9.1%
Q3 24
13.1%
Q2 24
14.2%
4.4%
EPS (diluted)
SHW
SHW
TU
TU
Q1 26
$2.15
Q4 25
$1.91
Q3 25
$3.35
Q2 25
$3.00
Q1 25
$2.00
Q4 24
$1.90
Q3 24
$3.18
Q2 24
$3.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SHW
SHW
TU
TU
Cash + ST InvestmentsLiquidity on hand
$216.9M
$2.7B
Total DebtLower is stronger
$11.7B
Stockholders' EquityBook value
$4.4B
$11.8B
Total Assets
$26.4B
$44.3B
Debt / EquityLower = less leverage
2.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHW
SHW
TU
TU
Q1 26
$216.9M
Q4 25
$207.2M
Q3 25
$241.5M
Q2 25
$269.8M
$2.7B
Q1 25
$199.8M
Q4 24
$210.4M
Q3 24
$238.2M
Q2 24
$200.0M
$676.7M
Total Debt
SHW
SHW
TU
TU
Q1 26
$11.7B
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
Stockholders' Equity
SHW
SHW
TU
TU
Q1 26
$4.4B
Q4 25
$4.6B
Q3 25
$4.4B
Q2 25
$4.4B
$11.8B
Q1 25
$4.1B
Q4 24
$4.1B
Q3 24
$4.2B
Q2 24
$3.8B
$12.4B
Total Assets
SHW
SHW
TU
TU
Q1 26
$26.4B
Q4 25
$25.9B
Q3 25
$26.2B
Q2 25
$25.4B
$44.3B
Q1 25
$24.6B
Q4 24
$23.6B
Q3 24
$24.0B
Q2 24
$23.7B
$41.8B
Debt / Equity
SHW
SHW
TU
TU
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
SHW
SHW
TU
TU
Operating Cash FlowLast quarter
$851.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHW
SHW
TU
TU
Q1 26
Q4 25
$1.1B
Q3 25
$1.3B
Q2 25
$1.1B
$851.2M
Q1 25
$-61.1M
Q4 24
$934.5M
Q3 24
$1.1B
Q2 24
$1.2B
$1.0B
Free Cash Flow
SHW
SHW
TU
TU
Q1 26
Q4 25
$862.1M
Q3 25
$1.1B
Q2 25
$931.1M
Q1 25
$-250.4M
Q4 24
$634.5M
Q3 24
$839.4M
Q2 24
$952.0M
FCF Margin
SHW
SHW
TU
TU
Q1 26
Q4 25
15.4%
Q3 25
17.5%
Q2 25
14.7%
Q1 25
-4.7%
Q4 24
12.0%
Q3 24
13.6%
Q2 24
15.2%
Capex Intensity
SHW
SHW
TU
TU
Q1 26
2.4%
Q4 25
4.1%
Q3 25
3.1%
Q2 25
2.9%
Q1 25
3.6%
Q4 24
5.7%
Q3 24
3.8%
Q2 24
4.0%
Cash Conversion
SHW
SHW
TU
TU
Q1 26
Q4 25
2.29×
Q3 25
1.57×
Q2 25
1.47×
Q1 25
-0.12×
Q4 24
1.95×
Q3 24
1.33×
Q2 24
1.35×
6.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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