The Sherwin-Williams Company
SHW Basic Materials Specialty Chemicals
The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024. In the quarter to June 2026, revenue grew 7.52%, EPS grew 13.8%, free cash flow grew 33.7% and total debt rose 13.0%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for ten.
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The Sherwin-Williams Company (SHW) Return on invested capital
The Sherwin-Williams Company's return on invested capital over the twelve months to 30 June 2026 was 16.0%, up 0.3 percentage points from fiscal 2025 (15.7%). Over the past ten years it has ranged from 7.58% (fiscal 2017) to 38.7% (fiscal 2015); the current reading is higher than 64% of that period. That is above the Specialty Chemicals industry median of 2.75% and above the Basic Materials sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 15.7% | (1.66) |
| FY2024 | 17.4% | 0.30 |
| FY2023 | 17.1% | 3.05 |
| FY2022 | 14.0% | 0.55 |
| FY2021 | 13.5% | (1.88) |
| FY2020 | 15.3% | 3.42 |
| FY2019 | 11.9% | 2.83 |
| FY2018 | 9.08% | 1.50 |
| FY2017 | 7.58% | (29.46) |
| FY2016 | 37.0% | (1.61) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| SHW The Sherwin-Williams Company | 16.0% |
| RPM RPM International Inc. compare | 11.2% |
| PPG PPG Industries, Inc. compare | 9.87% |
| ECL Ecolab Inc. compare | 9.83% |
| LIN Linde PLC compare | 9.20% |
| LYB LyondellBasell Industries N.V. compare | 2.87% |
| DD DuPont de Nemours, Inc. compare | 2.84% |
| IFF International Flavors & Fragrances Inc. compare | 2.65% |
| APD Air Products and Chemicals, Inc. compare | −1.12% |
| Specialty Chemicals industry median | 2.75% |
| Basic Materials sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on SHW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement