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| Date | Value |
|---|---|
| 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 |