Sherwin Williams (SHW) Return on Capital Employed [ROCE] (2009 - 2026)
Sherwin Williams (SHW) reported Return on Capital Employed [ROCE] of 23.44% for Q2 2026, up 1.44 percentage points from 22.00% a year earlier and up 2.66 percentage points from the prior quarter.
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Analysis
Sherwin Williams (SHW) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Sherwin Williams posted Return on Capital Employed [ROCE] of 21.41%, down 1.48 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +1.19 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 22.89% in FY2024 (+0.02 pp), 22.87% in FY2023 (+3.77 pp), 19.10% in FY2022 (+1.14 pp) and 17.96% in FY2021 (-2.25 pp).
- The Q2 2026 figure ranks as the highest quarterly Return on Capital Employed [ROCE] since Q2 2024.
- Year over year, Return on Capital Employed [ROCE] gained in two of the last eight quarters, with an average year-over-year change of -0.87 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q3 2023 (a gain of 6.09 percentage points); the low point was Q2 2022 (a drop of 8.46 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.78% (Q1 2026), 19.97% (Q4 2025) and 20.40% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 235.23 Bn | 216.81 Bn | 4.43 Bn | 13.17% |
| 2 | Corning | 106.66 Bn | 99.22 Bn | 1.63 Bn | 9.96% |
| 3 | Sherwin Williams | 82.20 Bn | 81.24 Bn | 3.34 Bn | 23.44% |
| 4 | Air Products & Chemicals | 68.45 Bn | 63.64 Bn | 1.04 Bn | -1.63% |
| 5 | LyondellBasell Industries | 42.89 Bn | 32.40 Bn | 2.04 Bn | 3.55% |
| 6 | Nutrien | 33.91 Bn | 30.74 Bn | 3.25 Bn | - |
| 7 | Ppg Industries | 24.62 Bn | 17.28 Bn | 1.81 Bn | 13.38% |
| 8 | International Flavors & Fragrances | 23.96 Bn | 21.62 Bn | 853.00 Mn | 3.64% |
| 9 | Dow | 23.51 Bn | 7.01 Bn | 2.17 Bn | 0.24% |
| 10 | Qnity Electronics | 22.95 Bn | 20.08 Bn | 666.00 Mn | 10.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.44% |
| 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 | 23.53% |
| Dec 31, 2023 | 22.58% |
| Sep 30, 2023 | 21.84% |
| Jun 30, 2023 | 20.32% |
| Mar 31, 2023 | 19.05% |
| Dec 31, 2022 | 18.19% |
| Sep 30, 2022 | 15.75% |
| Jun 30, 2022 | 15.79% |
| Mar 31, 2022 | 17.14% |
| Dec 31, 2021 | 17.76% |
| Sep 30, 2021 | 22.52% |
API Access
Sherwin Williams Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();