Sherwin Williams (SHW) Debt to Equity (2009 - 2026)

Sherwin Williams (SHW) recorded quarterly Debt to Equity of $2.1 in Q1 2026, down 8.04% quarter-over-quarter from $2.29 in Q4 2025, and down 9.72% on a YoY basis from $2.33 in Q1 2025.

Sherwin Williams (SHW) Debt to Equity (2009 - 2026) Analysis & Trends

Sherwin Williams' Debt to Equity history runs 18 years deep, the most recent figure standing at $2.1 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 9.72% year-over-year to $2.1; the TTM figure through Mar 2026 stood at $2.1 (down 9.72% YoY), while the FY2025 annual figure was $2.29, up 4.87% from the prior year.
  • Debt to Equity was $2.1 for Q1 2026 at Sherwin Williams, down from $2.29 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $3.96 in Q1 2022 to a low of $2.04 in Q2 2025.
  • Historically, Debt to Equity has averaged $2.7 across 5 years, with a median of $2.36 in 2023.
  • The sharpest annual moves came in 2022 and 2023: Debt to Equity surged 40.53% in 2022, then plunged 36.66% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $3.09 in 2022, then retreated by 23.82% to $2.36 in 2023, then fell by 7.37% to $2.18 in 2024, then rose by 4.87% to $2.29 in 2025, then declined by 8.04% to $2.1 in 2026.
  • The last three Debt to Equity figures came in at $2.1 (Q1 2026), $2.29 (Q4 2025), and $2.18 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Linde 237.64 Bn 233.69 Bn 4.26 Bn 0.62
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 0.58
3 Sherwin Williams 78.87 Bn 78.66 Bn 2.78 Bn 2.10
4 Ecolab 76.59 Bn 75.97 Bn 1.85 Bn 0.84
5 Air Products & Chemicals 62.39 Bn 63.94 Bn 987.40 Mn 1.11
6 Ppg Industries 26.44 Bn 24.97 Bn 1.66 Bn 0.87
7 International Flavors & Fragrances 19.67 Bn 19.14 Bn 1.02 Bn 0.41
8 DuPont de Nemours 19.57 Bn 19.68 Bn 602.00 Mn 0.22
9 LyondellBasell Industries 19.28 Bn 19.39 Bn 701.00 Mn 1.26
10 Albemarle 18.85 Bn 18.02 Bn 500.97 Mn 0.19

Historic Data

Download Data
DateValue
Mar 31, 2026 2.10
Dec 31, 2025 2.29
Sep 30, 2025 2.18
Jun 30, 2025 2.04
Mar 31, 2025 2.33
Dec 31, 2024 2.18
Sep 30, 2024 2.22
Jun 30, 2024 2.39
Mar 31, 2024 2.68
Dec 31, 2023 2.36
Sep 30, 2023 2.34
Jun 30, 2023 2.64
Mar 31, 2023 3.50
Dec 31, 2022 3.09
Sep 30, 2022 3.69
Jun 30, 2022 3.86
Mar 31, 2022 3.96
Dec 31, 2021 3.63
Sep 30, 2021 3.07
Jun 30, 2021 2.92