Sherwin Williams (SHW) Return on Invested Capital [ROIC] (2009 - 2026)
Sherwin Williams' Return on Invested Capital [ROIC] came in at 19.18% for Q2 2026, up 0.04 percentage points from 19.14% a year earlier and up 0.28 percentage points from the prior quarter.
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Analysis
Sherwin Williams (SHW) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Sherwin Williams' Return on Invested Capital [ROIC] was 19.99%, down 1.32 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of -0.91 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 21.31% in FY2024 (+0.48 pp), 20.83% in FY2023 (+2.55 pp), 18.27% in FY2022 (-0.15 pp) and 18.42% in FY2021 (-2.49 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Year-over-year, Return on Invested Capital [ROIC] increased in two of the last eight quarters, with an average year-over-year change of -0.79 percentage points.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q3 2023 (a gain of 4.21 percentage points), and the weakest in Q2 2022 (a drop of 8.11 percentage points).
- Business Quant data shows SHW's Return on Invested Capital [ROIC] at 18.90% (Q1 2026), 18.72% (Q4 2025) and 18.68% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 234.56 Bn | 217.67 Bn | 4.43 Bn | 10.79% |
| 2 | Corning | 106.49 Bn | 99.63 Bn | 1.63 Bn | 10.44% |
| 3 | Sherwin Williams | 81.85 Bn | 80.89 Bn | 3.34 Bn | 19.18% |
| 4 | Air Products & Chemicals | 68.38 Bn | 66.28 Bn | 1.04 Bn | 0.00% |
| 5 | LyondellBasell Industries | 42.93 Bn | 32.55 Bn | 2.04 Bn | 4.14% |
| 6 | Nutrien | 33.61 Bn | 30.47 Bn | 3.25 Bn | 11.77% |
| 7 | Ppg Industries | 24.59 Bn | 17.39 Bn | 1.81 Bn | 11.51% |
| 8 | International Flavors & Fragrances | 24.03 Bn | 21.72 Bn | 853.00 Mn | 2.98% |
| 9 | Dow | 23.60 Bn | 9.04 Bn | 1.38 Bn | 2.04% |
| 10 | Qnity Electronics | 22.98 Bn | 20.41 Bn | 666.00 Mn | 8.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.18% |
| Mar 31, 2026 | 18.90% |
| Dec 31, 2025 | 18.72% |
| Sep 30, 2025 | 18.68% |
| Jun 30, 2025 | 19.14% |
| Mar 31, 2025 | 20.42% |
| Dec 31, 2024 | 20.76% |
| Sep 30, 2024 | 20.55% |
| Jun 30, 2024 | 20.46% |
| Mar 31, 2024 | 20.49% |
| Dec 31, 2023 | 20.79% |
| Sep 30, 2023 | 20.02% |
| Jun 30, 2023 | 18.87% |
| Mar 31, 2023 | 17.62% |
| Dec 31, 2022 | 17.54% |
| Sep 30, 2022 | 15.81% |
| Jun 30, 2022 | 14.96% |
| Mar 31, 2022 | 16.28% |
| Dec 31, 2021 | 18.60% |
| Sep 30, 2021 | 21.78% |
API Access
Sherwin Williams Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();