Sharpening stones come in a wide range of shapes, sizes and material compositions. Stones may be flat, for working flat edges, or shaped for more complex edges, such as those associated with some wood carving or woodturning tools. They may be composed of natural quarried material, or from man-made material.

Stones are usually available in various grades, which refers to the grit size of the particles in the stone. Generally, the finer the grit, the denser the material, which leads to a finer finish of the surface of the tool. Finer grits cut slower because they remove less material. Grits are often given as a number, which indicates the density of the particles with a higher number denoting higher density and therefore smaller particles.