The Sherwin-Williams (SHW) Debt/Equity Ratio: History & Chart

The Sherwin-Williams Company(SHW)

Chemicals - Specialty · Cleveland, OH

$326.51-7.20 (-2.16%)

Delayed quote: Sep 8, 2026, 2:50 PM EDT

About The Sherwin-Williams Company

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. The company operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marine products; and OEM product finishes and related products for architectural and industrial paint contractors, and do-it-yourself homeowners under the Sherwin-Williams brand. The Consumer Brands Group segment supplies a portfolio of branded and private-label architectural paints, stains, varnishes, industrial products, wood finishes products, wood preservatives, applicators, corrosion inhibitors, aerosols, caulks, and adhesives to retailers, including home centers and hardware stores, and dedicated dealers and distributors. The Performance Coatings Group segment develops and sells industrial coatings for wood finishing and general industrial applications; automotive refinish products; protective and marine coatings; coil coatings; packaging coatings; and performance-based resins and colorants. This segment serves retailers, dealers, jobbers, licensees, and other third-party distributors. The company operates in North America, South America, the Caribbean, Europe, Asia, and Australia. The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio.

Cleveland, OH

64,249 employees

www.sherwin-williams.com

Basic Materials / Chemicals - Specialty

Sector: Basic Materials
Industry: Chemicals - Specialty
CEO: Heidi G. Petz

View full financials

SHW Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

3.69

DEBT TO EQUITY RATIO AVG TTM

3.12

DEBT TO EQUITY RATIO AVG 3Y

3.17

DEBT TO EQUITY RATIO AVG 5Y

3.51

DEBT TO EQUITY RATIO AVG 10Y

3.25

DEBT TO EQUITY RATIO AVG 15Y

2.63

DEBT TO EQUITY RATIO AVG 20Y

2.12

CURRENT VS TTM AVG

+18.32%

CURRENT VS 3Y AVG

+16.48%

CURRENT VS 5Y AVG

+5.13%

CURRENT VS 10Y AVG

+13.44%

CURRENT VS 15Y AVG

+40.20%

CURRENT VS 20Y AVG

+73.81%

SECTOR MEDIAN · BASIC MATERIALS

0.49

median of 53 covered companies

CURRENT VS SECTOR MEDIAN

+652.61%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
The Sherwin-Williams Company (SHW)	$79.26B	3.69	3.12	3.17	3.51
Ecolab Inc. (ECL)vs ›	$78.13B	1.37	0.96	1.06	1.11
Barrick Mining Corporation (B)vs ›	$74.02B	0.17	0.20	0.21	0.22
Wheaton Precious Metals Corp. (WPM)vs ›	$70.38B	0.20	0.00	0.00	0.01
Johnson Controls International plc (JCI)vs ›	$88.68B	0.70	0.73	0.64	0.57
Vale S.A. (VALE)vs ›	$66.55B	0.50	0.55	0.49	0.51
Air Products and Chemicals, Inc. (APD)vs ›	$66.30B	1.31	1.05	0.88	0.80
CRH plc (CRH)vs ›	$61.05B	0.82	0.76	0.66	0.66
Nucor Corporation (NUE)vs ›	$58.54B	0.32	0.34	0.34	0.38
Corteva, Inc. (CTVA)vs ›	$57.38B	0.19	0.11	0.09	0.07

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

The Sherwin-Williams Company (SHW)

$79.26B

3.69

3.12

3.17

3.51

Ecolab Inc. (ECL)vs ›

$78.13B

1.37

0.96

1.06

1.11

Barrick Mining Corporation (B)vs ›

$74.02B

0.17

0.20

0.21

0.22

Wheaton Precious Metals Corp. (WPM)vs ›

$70.38B

0.20

0.00

0.01

Johnson Controls International plc (JCI)vs ›

$88.68B

0.70

0.73

0.64

0.57

Vale S.A. (VALE)vs ›

$66.55B

0.50

0.55

0.49

0.51

Air Products and Chemicals, Inc. (APD)vs ›

$66.30B

1.31

1.05

0.88

0.80

CRH plc (CRH)vs ›

$61.05B

0.82

0.76

0.66

Nucor Corporation (NUE)vs ›

$58.54B

0.32

0.34

0.38

Corteva, Inc. (CTVA)vs ›

$57.38B

0.19

0.11

0.09

0.07

Debt to Equity Ratio FAQ

What is the debt to equity ratio for The Sherwin-Williams Company (SHW)?

The debt to equity ratio for SHW stock is 3.69.

Is The Sherwin-Williams Company's debt to equity ratio high or low?

The debt to equity ratio of 3.69 is in line with its 5-year average of 3.51, around the middle of its 5-year range (2.81–5.62).

What is the TTM average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The TTM average debt to equity ratio for SHW stock is 3.12.

What is the 3Y average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The 3Y average debt to equity ratio for SHW stock is 3.17.

What is the 5Y average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The 5Y average debt to equity ratio for SHW stock is 3.51.

What is the 10Y average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The 10Y average debt to equity ratio for SHW stock is 3.25.

What is the 15Y average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The 15Y average debt to equity ratio for SHW stock is 2.63.

What is the 20Y average debt to equity ratio for The Sherwin-Williams Company (SHW)?

The 20Y average debt to equity ratio for SHW stock is 2.12.

DATE	DEBT TO EQUITY RATIO
2026-06-30	3.69
2026-03-31	3.11
2025-12-31	2.81
2025-09-30	3.07
2025-06-30	2.90
2025-03-31	3.10
2024-12-31	2.94
2024-09-30	2.91
2024-06-30	3.28
2024-03-31	3.62
2023-12-31	3.18
2023-09-30	3.14
2023-06-30	3.40
2023-03-31	4.11
2022-12-31	4.03
2022-09-30	4.79
2022-06-30	5.62
2022-03-31	5.59
2021-12-31	4.72
2021-09-30	4.02
2021-06-30	3.83
2021-03-31	3.54
2020-12-31	2.80
2020-09-30	2.40
2020-06-30	2.74
2020-03-31	3.50
2019-12-31	2.53
2019-09-30	2.64
2019-06-30	2.98
2019-03-31	3.34
2018-12-31	2.50
2018-09-30	2.43
2018-06-30	2.77
2018-03-31	2.93
2017-12-31	2.88
2017-09-30	3.99
2017-06-30	4.81
2017-03-31	0.95
2016-12-31	1.04
2016-09-30	1.23
2016-06-30	1.58
2016-03-31	2.04
2015-12-31	2.25
2015-09-30	2.01
2015-06-30	3.02
2015-03-31	5.40
2014-12-31	1.81
2014-09-30	1.24
2014-06-30	1.11
2014-03-31	1.04
2013-12-31	0.97
2013-09-30	1.03
2013-06-30	0.90
2013-03-31	0.94
2012-12-31	0.95
2012-09-30	0.54
2012-06-30	0.81
2012-03-31	0.88
2011-12-31	0.65
2011-09-30	0.71
2011-06-30	0.70
2011-03-31	0.83
2010-12-31	0.65
2010-09-30	0.65
2010-06-30	0.59
2010-03-31	0.70
2009-12-31	0.55
2009-09-30	0.42
2009-06-30	0.46
2009-03-31	0.68
2008-12-31	0.52
2008-09-30	0.59
2008-06-30	0.74
2008-03-31	0.83
2007-12-31	0.54
2007-09-30	0.52
2007-06-30	0.38
2007-03-31	0.54
2006-12-31	0.44
2006-09-30	0.38
2006-06-30	0.40
2006-03-31	0.66
2005-12-31	0.36
2005-09-30	0.45
2005-06-30	0.53
2005-03-31	0.63
2004-12-31	0.45
2004-09-30	0.56
2004-06-30	0.34
2004-03-31	0.35
2003-12-31	0.35
2003-09-30	0.36
2003-06-30	0.38
2003-03-31	0.48
2002-12-31	0.39
2002-09-30	0.39

DATE

DEBT TO EQUITY RATIO

2026-06-30

3.69

2026-03-31

3.11

2025-12-31

2.81

2025-09-30

3.07

2025-06-30

2.90

2025-03-31

3.10

2024-12-31

2.94

2024-09-30

2.91

2024-06-30

3.28

2024-03-31

3.62

2023-12-31

3.18

2023-09-30

3.14

2023-06-30

3.40

2023-03-31

4.11

2022-12-31

4.03

2022-09-30

4.79

2022-06-30

5.62

2022-03-31

5.59

2021-12-31

4.72

2021-09-30

4.02

2021-06-30

3.83

2021-03-31

3.54

2020-12-31

2.80

2020-09-30

2.40

2020-06-30

2.74

2020-03-31

3.50

2019-12-31

2.53

2019-09-30

2.64

2019-06-30

2.98

2019-03-31

3.34

2018-12-31

2.50

2018-09-30

2.43

2018-06-30

2.77

2018-03-31

2.93

2017-12-31

2.88

2017-09-30

3.99

2017-06-30

4.81

2017-03-31

0.95

2016-12-31

1.04

2016-09-30

1.23

2016-06-30

1.58

2016-03-31

2.04

2015-12-31

2.25

2015-09-30

2.01

2015-06-30

3.02

2015-03-31

5.40

2014-12-31

1.81

2014-09-30

1.24

2014-06-30

1.11

2014-03-31

1.04

2013-12-31

0.97

2013-09-30

1.03

2013-06-30

0.90

2013-03-31

0.94

2012-12-31

0.95

2012-09-30

0.54

2012-06-30

0.81

2012-03-31

0.88

2011-12-31

0.65

2011-09-30

0.71

2011-06-30

0.70

2011-03-31

0.83

2010-12-31

0.65

2010-09-30

0.65

2010-06-30

0.59

2010-03-31

0.70

2009-12-31

0.55

2009-09-30

0.42

2009-06-30

0.46

2009-03-31

0.68

2008-12-31

0.52

2008-09-30

0.59

2008-06-30

0.74

2008-03-31

0.83

2007-12-31

0.54

2007-09-30

0.52

2007-06-30

0.38

2007-03-31

0.54

2006-12-31

0.44

2006-09-30

0.38

2006-06-30

0.40

2006-03-31

0.66

2005-12-31

0.36

2005-09-30

0.45

2005-06-30

0.53

2005-03-31

0.63

2004-12-31

0.45

2004-09-30

0.56

2004-06-30

0.34

2004-03-31

0.35

2003-12-31

0.35

2003-09-30

0.36

2003-06-30

0.38

2003-03-31

0.48

2002-12-31

0.39

2002-09-30

0.39

Debt to Equity Ratio: 3.69

SHW Debt to Equity Ratio

SHW Average Debt to Equity Ratio Chart

SHW Current vs Average Debt to Equity Ratio Chart

SHW Debt to Equity Ratio Metrics

SHW Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

SHW Debt to Equity Ratio History

Related Metrics