Sherwin-Williams (SHW) 10-K Red Flags
Risk signals extracted deterministically from Sherwin-Williams’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (9)
- Receivables outpacing revenue: Accounts receivable grew +16.8% YoY vs revenue growth of +2.1%. The +14.8% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Operating cash flow exceeds net income: OCF is 1.34x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: Revenue grew +2.1% but receivables grew +16.8% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Market cap $83.82B at $345.27 per share.
- Trailing P/E 33.65, P/S 3.56, P/B 21.74.
- Composite risk: Elevated.
- Leverage debt/equity 2.55 (high).
Filings & ownership
- Latest annual report (10-K) filed Feb 19, 2026.
- Latest quarterly report (10-Q) filed Jul 28, 2026.
- 17 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Sherwin-Williams; broad institutional reporting.
- Recent filers include WRIGHT JACKSON W JR TRUSTEE, WRIGHT JACKSON W JR TRUSTEE, WRIGHT JACKSON W JR TRUSTEE.
- 20 recent 13G passive institutional ownership notices.
Full SHW analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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