Sherwin Williams (SHW) Return on Capital Employed (2009 - 2026)

Sherwin Williams' (SHW) quarterly Return on Capital Employed came in at 20.78% in Q1 2026, down 264.0% year-on-year from 12.67% in Q1 2025, and up 4.07% quarter-over-quarter from 19.97% in Q4 2025.

Sherwin Williams (SHW) Return on Capital Employed (2009 - 2026) Analysis & Trends

Sherwin Williams' Return on Capital Employed history runs 18 years deep, the most recent figure standing at 20.78% for Q1 2026.

  • On a quarterly basis, Return on Capital Employed fell 264.0% year-over-year to 20.78% in Q1 2026; TTM through Mar 2026 was 20.78%, a 264.0% decrease from a year earlier, with the FY2025 full-year figure at 21.41%, down 148.0% from the prior year.
  • Return on Capital Employed grew to 20.78% in Q1 2026 per SHW's latest filing, from 19.97% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 54.82% in Q2 2022 and bottomed at 19.97% in Q4 2025.
  • The 5-year median for Return on Capital Employed is 31.87% (2023), against an average of 32.3%.
  • Across the five-year window, Return on Capital Employed surged 1258 bps in 2022 and tumbled 2115 bps in 2023, its largest moves.
  • Year by year, Return on Capital Employed stood at 44.57% in 2022, then slipped by 27 bps to 32.68% in 2023, then tumbled by 32 bps to 22.2% in 2024, then dropped by 10 bps to 19.97% in 2025, then gained by 4 bps to 20.78% in 2026.
  • Per Business Quant, the three latest SHW Return on Capital Employed figures stand at 20.78% (Q1 2026), 19.97% (Q4 2025), and 20.4% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Linde 237.95 Bn 233.99 Bn 4.26 Bn 12.89%
2 Sherwin Williams 78.17 Bn 77.95 Bn 2.78 Bn 20.78%
3 Ecolab 76.02 Bn 75.37 Bn 1.85 Bn 14.59%
4 Air Products & Chemicals 66.38 Bn 65.43 Bn 987.40 Mn 6.05%
5 Ppg Industries 26.02 Bn 24.40 Bn 1.66 Bn 16.03%
6 LyondellBasell Industries 22.51 Bn 19.87 Bn 701.00 Mn -1.10%
7 Chemical & Mining Co Of Chile 19.70 Bn 15.83 Bn 778.60 Mn 16.08%
8 International Flavors & Fragrances 19.51 Bn 18.95 Bn 1.02 Bn 3.66%
9 DuPont de Nemours 18.80 Bn 18.71 Bn 602.00 Mn 7.03%
10 Rpm International 13.63 Bn 13.32 Bn 950.03 Mn 15.26%

Historic Data

Download Data
DateValue
Mar 31, 2026 20.78%
Dec 31, 2025 19.97%
Sep 30, 2025 20.40%
Jun 30, 2025 22.00%
Mar 31, 2025 23.42%
Dec 31, 2024 22.20%
Sep 30, 2024 22.70%
Jun 30, 2024 23.59%
Mar 31, 2024 34.04%
Dec 31, 2023 32.68%
Sep 30, 2023 31.87%
Jun 30, 2023 39.02%
Mar 31, 2023 36.95%
Dec 31, 2022 44.57%
Sep 30, 2022 53.02%
Jun 30, 2022 54.82%
Mar 31, 2022 47.09%
Dec 31, 2021 37.02%
Sep 30, 2021 40.56%
Jun 30, 2021 42.24%