Sherwin Williams Co
Sherwin Williams Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 65.12% | 10.28% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 60.72% | 10.19% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 59.39% | 10.37% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 59.94% | 10.25% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 62.43% | 10.37% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 70.22% | 11.15% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 69.05% | 11.51% | — |
| FY 2024 Q3 | Sep 30, 2024 | 24.99% | 26.62% | 32.25% | 64.45% | 10.89% | 17.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 24.14% | 26.51% | 495.57% | 68.07% | 10.72% | 16.4 pp |
| FY 2024 Q1 | Mar 31, 2024 | 23.04% | 25.67% | — | 72.46% | 10.38% | 15.3 pp |
| FY 2023 Q4 | Dec 31, 2023 | 23.89% | 25.25% | — | 70.07% | 10.49% | 16.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 23.91% | 24.94% | 249.3% | 75.85% | 10.69% | 16.2 pp |
| FY 2023 Q2 | Jun 30, 2023 | 22.85% | 24.33% | 44.48% | 80.01% | 10.36% | 15.2 pp |
| FY 2023 Q1 | Mar 31, 2023 | 21.07% | 22.67% | 19.76% | 78.75% | 9.48% | 13.4 pp |
| FY 2022 Q4 | Dec 31, 2022 | 21.03% | 21.51% | 6.95% | 72.94% | 9.34% | 13.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 21.43% | 21.14% | -4.49% | 73.29% | 9.02% | 13.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 20.08% | 20.13% | -55.66% | 69.3% | 8.24% | 12.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 20.29% | 20.1% | -71.07% | 68.72% | 8.66% | 12.6 pp |
| FY 2021 Q4 | Dec 31, 2021 | 21.7% | 20.05% | -77.24% | 61.65% | 9.08% | 14 pp |
| FY 2021 Q3 | Sep 30, 2021 | 23.1% | 21.71% | — | 57.05% | 9.47% | 15.4 pp |
| FY 2021 Q2 | Jun 30, 2021 | 23.96% | 23.82% | — | 64.71% | 10.59% | 16.3 pp |
| FY 2021 Q1 | Mar 31, 2021 | 23.14% | 23.6% | — | 66.53% | 10.33% | 15.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 22.36% | 21.23% | — | 52.51% | 9.93% | 14.7 pp |
| FY 2020 Q3 | Sep 30, 2020 | 20.34% | 19.06% | — | 45.49% | 8.98% | 12.6 pp |
| FY 2020 Q2 | Jun 30, 2020 | 18.45% | 18.83% | — | 45.75% | 8.36% | 10.7 pp |
| FY 2020 Q1 | Mar 31, 2020 | 17.24% | 18.37% | — | 47.94% | 7.79% | 9.5 pp |
| FY 2019 Q4 | Dec 31, 2019 | 17.09% | 18.23% | — | 39.25% | 7.78% | 9.4 pp |
| FY 2019 Q3 | Sep 30, 2019 | 17.11% | 18.46% | — | 34.85% | 6.82% | 9.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 15.82% | 17.69% | — | 31.26% | 5.67% | 8.1 pp |
| FY 2019 Q1 | Mar 31, 2019 | 15.54% | 16.41% | — | 30.88% | 5.34% | 7.8 pp |
| FY 2018 Q4 | Dec 31, 2018 | 15.81% | 16.95% | — | 29.87% | 5.67% | 8.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 16.63% | — | 56.74% | 9.35% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 15.44% | — | 60.85% | 9.14% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 23.67% | — | 61.97% | 13.04% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 23.06% | — | 63.63% | 13.27% | — |
| FY 2017 Q3 | Sep 30, 2017 | 19.45% | 21.11% | 0.93% | 49.69% | 7.78% | 11.8 pp |
| FY 2017 Q2 | Jun 30, 2017 | 19.3% | 21.5% | 1.35% | 63.11% | 8.38% | 11.6 pp |
| FY 2017 Q1 | Mar 31, 2017 | 53.17% | 56.66% | 610.68% | 78.73% | 18.53% | 45.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 55.21% | 57.15% | 63.57% | 82.49% | 18.06% | 47.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 52.28% | 51.97% | 1,772.16% | 86.24% | 17.05% | 44.6 pp |
| FY 2016 Q2 | Jun 30, 2016 | 50% | 61.95% | — | 109.39% | 17.15% | 42.3 pp |
| FY 2016 Q1 | Mar 31, 2016 | 47.18% | 65.47% | 633.4% | 145.08% | 17.98% | 39.5 pp |
| FY 2015 Q4 | Dec 31, 2015 | 49.59% | 58.81% | — | 112.57% | 18.33% | 41.9 pp |
| FY 2015 Q3 | Sep 30, 2015 | 45.73% | 51.57% | 203.39% | 84.61% | 15.92% | 38 pp |
| FY 2015 Q2 | Jun 30, 2015 | 42% | 56.36% | 916.63% | 82.05% | 15.07% | 34.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 39.8% | 55.38% | — | 82.71% | 14.64% | 32.1 pp |
| FY 2014 Q4 | Dec 31, 2014 | 42.32% | 49.28% | 1,734.86% | 62.14% | 14.33% | 34.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | 40.96% | 40.84% | 1,864.55% | 52.46% | 12.83% | 33.3 pp |
| FY 2014 Q2 | Jun 30, 2014 | 36.63% | 37.71% | 74.33% | 46.1% | 12.33% | 28.9 pp |
| FY 2014 Q1 | Mar 31, 2014 | 34.27% | 35.89% | 94.01% | 43.16% | 12.17% | 26.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 37.11% | 35.12% | 76.89% | 41.95% | 11.93% | 29.4 pp |
| FY 2013 Q3 | Sep 30, 2013 | 36.34% | 36.98% | 331.48% | 38.39% | 11.23% | 28.6 pp |
| FY 2013 Q2 | Jun 30, 2013 | 34.38% | 36.92% | 347.43% | 39.46% | 11.24% | 26.7 pp |
| FY 2013 Q1 | Mar 31, 2013 | 32.28% | 35.7% | 293.84% | 38.69% | 11.13% | 24.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | 35.57% | 35.21% | 205.79% | 37.83% | 11.01% | 27.9 pp |
| FY 2012 Q3 | Sep 30, 2012 | 27.8% | 38.35% | — | 33.55% | 10.39% | 20.1 pp |
| FY 2012 Q2 | Jun 30, 2012 | 24.7% | 36.15% | — | 31.51% | 9.28% | 17 pp |
| FY 2012 Q1 | Mar 31, 2012 | 22.23% | 34.15% | — | 30.22% | 8.69% | 14.5 pp |
| FY 2011 Q4 | Dec 31, 2011 | 23.14% | 31.92% | — | 27.96% | 8.5% | 15.4 pp |
| FY 2011 Q3 | Sep 30, 2011 | 25.1% | 31.42% | — | 30.39% | 9.38% | 17.4 pp |
| FY 2011 Q2 | Jun 30, 2011 | 25.51% | 31.48% | — | 30.24% | 9.55% | 17.8 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 32.11% | 10.01% | — |
| FY 2010 Q4 | Dec 31, 2010 | 26.76% | 31.41% | — | 29.83% | 9.74% | 19.1 pp |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 27.19% | 9.45% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 27.86% | 9.84% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · SHW, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.