VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 14, 2026

Stock Comparison

PPG Industries, Inc. vs The Sherwin-Williams Company

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

PPG Industries, Inc.

PPG · New York Stock Exchange

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorMaterials
Industry
CountryUS
Data as of2026-01-12
Moat score
62/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into PPG Industries, Inc.'s moat claims, evidence, and risks.

View PPG analysis

The Sherwin-Williams Company

SHW · New York Stock Exchange

Market cap (USD)$87.7B
Gross margin (TTM)48.9%
Operating margin (TTM)15.9%
Net margin (TTM)11.1%
SectorMaterials
IndustryChemicals - Specialty
CountryUS
Data as of2025-12-31
Moat score
84/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into The Sherwin-Williams Company's moat claims, evidence, and risks.

View SHW analysis

Comparison highlights

  • Moat score gap: The Sherwin-Williams Company leads (84 / 100 vs 62 / 100 for PPG Industries, Inc.).
  • Segment focus: PPG Industries, Inc. has 3 segments (42.2% in Industrial Coatings); The Sherwin-Williams Company has 3 segments (57.1% in Paint Stores Group).
  • Primary market structure: Oligopoly vs Quasi-Monopoly. Pricing power: Weak vs Strong.
  • Moat breadth: PPG Industries, Inc. has 7 moat types across 3 domains; The Sherwin-Williams Company has 6 across 3.

Primary market context

PPG Industries, Inc.

Industrial Coatings

Market

Industrial coatings for OEM/manufacturing (automotive OEM, general industrial, packaging coatings, specialty materials)

Geography

Global

Customer

Automotive OEMs and tier suppliers, industrial manufacturers, can/closure and packaging producers

Role

Coatings/materials supplier integrated into OEM production processes

Revenue share

42.2%

The Sherwin-Williams Company

Paint Stores Group

Market

Company-operated paint & coatings retail (architectural + related products)

Geography

United States, Canada, Caribbean

Customer

Professional contractors and DIY homeowners

Role

Manufacturer-owned retail / distribution

Revenue share

57.1%

Side-by-side metrics

PPG Industries, Inc.
The Sherwin-Williams Company
Ticker / Exchange
PPG - New York Stock Exchange
SHW - New York Stock Exchange
Market cap (USD)
n/a
$87.7B
Gross margin (TTM)
n/a
48.9%
Operating margin (TTM)
n/a
15.9%
Net margin (TTM)
n/a
11.1%
Sector
Materials
Materials
Industry
n/a
Chemicals - Specialty
HQ country
US
US
Primary segment
Industrial Coatings
Paint Stores Group
Market structure
Oligopoly
Quasi-Monopoly
Market share
n/a
69.4% (estimated)
HHI estimate
n/a
n/a
Pricing power
Weak
Strong
Moat score
62 / 100
84 / 100
Moat domains
Demand, Supply, Legal
Supply, Demand, Legal
Last update
2026-01-12
2025-12-31

Moat coverage

Shared moat types

Brand TrustDistribution ControlService Field NetworkCompliance Advantage

PPG Industries, Inc. strengths

Learning Curve YieldDesign In QualificationScale Economies Unit Cost

The Sherwin-Williams Company strengths

Scope EconomiesSwitching Costs General

Segment mix

PPG Industries, Inc. segments

Full profile >

Global Architectural Coatings

Competitive

24.7%

Performance Coatings

Oligopoly

33.1%

Industrial Coatings

Oligopoly

42.2%

The Sherwin-Williams Company segments

Full profile >

Paint Stores Group

Quasi-Monopoly

57.1%

Consumer Brands Group

Oligopoly

13.5%

Performance Coatings Group

Oligopoly

29.4%

Want the full wide moat stocks list?

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Looking for expansion-stage stocks?

Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.