Sherwin Williams (SHW) Notes Payables (2009 - 2026)
Sherwin Williams' Short-Term Borrowings came in at $2.35 billion for Q3 2026, up 27.4% from $1.85 billion a year earlier and up 4.8% from the prior quarter.
Powered by 
Analysis
Sherwin Williams (SHW) Notes Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Sherwin Williams' Short-Term Borrowings was $1.2 billion, up 81.2% from FY2024.
- Short-Term Borrowings carries a five-year compound annual growth rate of 554.4% (FY2020 to FY2025).
- Going back by year, Short-Term Borrowings was $662.4 million in FY2024 (+77.0%), $374.2 million in FY2023 (-61.7%), $978.1 million in FY2022 (+28.1%) and $763.5 million in FY2021.
- The five-year range for quarterly Short-Term Borrowings is $338.6 million (Q3 2023) to $2.38 billion (Q1 2026).
- Year-over-year, Short-Term Borrowings has increased for ten consecutive quarters, with growth averaging 52.5% over the last eight quarters.
- The fastest year-over-year change in Short-Term Borrowings over five years came in Q3 2024 (growth of 170.4%), and the weakest in Q3 2023 (a decline of 64.2%).
- Business Quant data shows SHW's Short-Term Borrowings at $2.25 billion (Q2 2026), $2.38 billion (Q1 2026) and $1.2 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Linde | 237.34 Bn | 219.48 Bn | 4.44 Bn |
| 2 | Corning | 91.51 Bn | 83.19 Bn | 1.81 Bn |
| 3 | Sherwin Williams | 82.84 Bn | 81.86 Bn | 3.28 Bn |
| 4 | Air Products & Chemicals | 67.86 Bn | 63.04 Bn | 1.04 Bn |
| 5 | LyondellBasell Industries | 39.28 Bn | 27.35 Bn | 1.50 Bn |
| 6 | Nutrien | 34.70 Bn | 31.24 Bn | 1.86 Bn |
| 7 | Ppg Industries | 27.22 Bn | 20.14 Bn | 1.76 Bn |
| 8 | Qnity Electronics | 24.45 Bn | 20.59 Bn | 743.00 Mn |
| 9 | Ati | 23.85 Bn | 21.81 Bn | 380.20 Mn |
| 10 | Dow | 22.78 Bn | 6.74 Bn | 1.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.35 Bn |
| Jun 30, 2026 | 2.25 Bn |
| Mar 31, 2026 | 2.38 Bn |
| Dec 31, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.85 Bn |
| Jun 30, 2025 | 1.71 Bn |
| Mar 31, 2025 | 1.80 Bn |
| Dec 31, 2024 | 662.40 Mn |
| Sep 30, 2024 | 915.50 Mn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 374.20 Mn |
| Sep 30, 2023 | 338.60 Mn |
| Jun 30, 2023 | 806.20 Mn |
| Mar 31, 2023 | 1.48 Bn |
| Dec 31, 2022 | 978.10 Mn |
| Sep 30, 2022 | 945.20 Mn |
| Jun 30, 2022 | 2.01 Bn |
| Mar 31, 2022 | 1.74 Bn |
| Dec 31, 2021 | 763.50 Mn |
API Access
Sherwin Williams Notes Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=notes-payables&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "notes-payables", "ticker": "SHW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=notes-payables&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();