Sherwin Williams (SHW) Tax Rate (2009 - 2026)
Sherwin Williams' quarterly Tax Rate came in at 21.34% in Q1 2026, down 149.0% year-on-year from 43.56% in Q1 2025, and down 15.91% quarter-over-quarter from 25.38% in Q4 2025.
Sherwin Williams has reported Tax Rate for 18 years, with the latest figure at 21.34% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 149.0% year-over-year to 21.34%; the trailing twelve-month figure through Mar 2026 stood at 22.75% (up 11.0% YoY), and the FY2025 full-year result was 23.06%, up 74.0% from the prior year.
- Tax Rate for Q1 2026 stood at 21.34%, down from 25.38% in the prior quarter.
- The five-year high for Tax Rate was 25.38% in Q4 2025, with the low at 19.58% in Q1 2022.
- Average Tax Rate over 5 years is 22.44%, with a median of 21.94% recorded in 2022.
- Year-over-year, Tax Rate jumped 2036 bps in 2022 and sank 335 bps in 2024.
- Tracing SHW's Tax Rate over 5 years: stood at 21.94% in 2022, then advanced by 13 bps to 24.85% in 2023, then declined by 11 bps to 22.01% in 2024, then climbed by 15 bps to 25.38% in 2025, then dropped by 16 bps to 21.34% in 2026.
- The last three Tax Rate figures came in at 21.34% (Q1 2026), 25.38% (Q4 2025), and 21.44% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 23.49 |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 41.34 |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 21.34 |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 13.89 |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 17.96 |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 25.53 |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | -1.46 |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | - |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 17.13 |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 18.66 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.34 |
| Mar 31, 2026 | 21.34 |
| Dec 31, 2025 | 25.38 |
| Dec 31, 2025 | 25.38 |
| Sep 30, 2025 | 21.44 |
| Sep 30, 2025 | 21.44 |
| Jun 30, 2025 | 23.44 |
| Jun 30, 2025 | 23.44 |
| Mar 31, 2025 | 22.83 |
| Mar 31, 2025 | 22.83 |
| Dec 31, 2024 | 22.01 |
| Dec 31, 2024 | 22.01 |
| Sep 30, 2024 | 21.18 |
| Sep 30, 2024 | 21.18 |
| Jun 30, 2024 | 24.16 |
| Jun 30, 2024 | 24.16 |
| Mar 31, 2024 | 21.06 |
| Mar 31, 2024 | 21.06 |
| Dec 31, 2023 | 24.85 |
| Dec 31, 2023 | 24.85 |
| Sep 30, 2023 | 24.53 |
| Sep 30, 2023 | 24.53 |
| Jun 30, 2023 | 21.58 |
| Jun 30, 2023 | 21.58 |
| Mar 31, 2023 | 22.35 |
| Mar 31, 2023 | 22.35 |
| Dec 31, 2022 | 21.94 |
| Dec 31, 2022 | 21.94 |
| Sep 30, 2022 | 21.90 |
| Sep 30, 2022 | 21.90 |
| Jun 30, 2022 | 21.89 |
| Jun 30, 2022 | 21.89 |
| Mar 31, 2022 | 19.58 |
| Mar 31, 2022 | 19.58 |
| Dec 31, 2021 | 1.59 |
| Dec 31, 2021 | 1.59 |
| Sep 30, 2021 | 17.87 |
| Sep 30, 2021 | 17.87 |
| Jun 30, 2021 | 20.83 |
| Jun 30, 2021 | 20.83 |
| Mar 31, 2021 | 19.53 |
| Mar 31, 2021 | 19.53 |
| Dec 31, 2020 | 19.23 |
| Dec 31, 2020 | 19.23 |
| Sep 30, 2020 | 19.39 |
| Sep 30, 2020 | 19.39 |
| Jun 30, 2020 | 20.27 |
| Jun 30, 2020 | 20.27 |
| Mar 31, 2020 | 18.00 |
| Mar 31, 2020 | 18.00 |
| Dec 31, 2019 | 16.41 |
| Dec 31, 2019 | 16.41 |
| Sep 30, 2019 | 18.78 |
| Sep 30, 2019 | 18.78 |
| Jun 30, 2019 | 30.29 |
| Jun 30, 2019 | 30.29 |
| Mar 31, 2019 | 17.97 |
| Mar 31, 2019 | 17.97 |
| Dec 31, 2018 | 1.11 |
| Dec 31, 2018 | 1.11 |
| Sep 30, 2018 | 14.89 |
| Sep 30, 2018 | 14.89 |
| Jun 30, 2018 | 24.99 |
| Jun 30, 2018 | 24.99 |
| Mar 31, 2018 | 17.61 |
| Mar 31, 2018 | 17.61 |
| Dec 31, 2017 | -295.96 |
| Dec 31, 2017 | -295.96 |
| Sep 30, 2017 | 25.98 |
| Sep 30, 2017 | 25.98 |
| Jun 30, 2017 | 29.15 |
| Jun 30, 2017 | 29.15 |
| Mar 31, 2017 | 22.00 |
| Mar 31, 2017 | 22.00 |
| Dec 31, 2016 | 33.21 |
| Dec 31, 2016 | 33.21 |
| Sep 30, 2016 | 27.80 |
| Sep 30, 2016 | 27.80 |
| Jun 30, 2016 | 29.89 |
| Jun 30, 2016 | 29.89 |
| Mar 31, 2016 | 23.80 |
| Mar 31, 2016 | 23.80 |
| Dec 31, 2015 | 33.38 |
| Dec 31, 2015 | 33.38 |
| Sep 30, 2015 | 32.00 |
| Sep 30, 2015 | 32.00 |
| Jun 30, 2015 | 31.09 |
| Jun 30, 2015 | 31.09 |
| Mar 31, 2015 | 32.00 |
| Mar 31, 2015 | 32.00 |
| Dec 31, 2014 | 29.75 |
| Dec 31, 2014 | 29.75 |
| Sep 30, 2014 | 31.18 |
| Sep 30, 2014 | 31.18 |
| Jun 30, 2014 | 32.10 |
| Jun 30, 2014 | 32.10 |
| Mar 31, 2014 | 30.48 |
| Mar 31, 2014 | 30.48 |
| Dec 31, 2013 | 22.18 |
| Dec 31, 2013 | 22.18 |
| Sep 30, 2013 | 32.13 |
| Sep 30, 2013 | 32.13 |
| Jun 30, 2013 | 32.45 |
| Jun 30, 2013 | 32.45 |
| Mar 31, 2013 | 31.00 |
| Mar 31, 2013 | 31.00 |
| Dec 31, 2012 | 27.75 |
| Dec 31, 2012 | 27.75 |
| Sep 30, 2012 | 31.50 |
| Sep 30, 2012 | 31.50 |
| Jun 30, 2012 | 30.50 |
| Jun 30, 2012 | 30.50 |
| Mar 31, 2012 | 29.58 |
| Mar 31, 2012 | 29.58 |
| Dec 31, 2011 | 88.77 |
| Dec 31, 2011 | 88.77 |
| Sep 30, 2011 | 30.89 |
| Sep 30, 2011 | 30.89 |
| Jun 30, 2011 | 30.31 |
| Jun 30, 2011 | 30.31 |
| Mar 31, 2011 | 27.87 |
| Mar 31, 2011 | 27.87 |
| Dec 31, 2010 | 29.68 |
| Dec 31, 2010 | 29.68 |
| Sep 30, 2010 | 31.37 |
| Sep 30, 2010 | 31.37 |
| Jun 30, 2010 | 29.91 |
| Jun 30, 2010 | 29.91 |
| Mar 31, 2010 | 45.17 |
| Mar 31, 2010 | 45.17 |
| Dec 31, 2009 | 19.49 |
| Dec 31, 2009 | 19.49 |
| Sep 30, 2009 | 32.26 |
| Sep 30, 2009 | 32.26 |
| Jun 30, 2009 | 31.92 |
| Jun 30, 2009 | 31.92 |