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