The Sherwin-Williams Company (SHW) Return on Invested Capital (ROIC): 15.21%
Is The Sherwin-Williams Company’s return on invested capital (ROIC) high or low?
The Sherwin-Williams Company's return on invested capital (ROIC) of 15.21% is in line with its 5-year average of 14.42%, near the high end of its 5-year range (13.06%–15.38%).
As of Thursday, June 11, 2026. 0.56% below its 12-month average of 15.30%.
SHW Return on Invested Capital (ROIC) Chart
SHW Average Return on Invested Capital (ROIC) Chart
SHW Current vs Average Return on Invested Capital (ROIC) Chart
SHW Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
15.21%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
15.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
14.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
14.42%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
15.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
16.16%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
16.62%
CURRENT VS TTM AVG
-0.56%
CURRENT VS 3Y AVG
+3.42%
CURRENT VS 5Y AVG
+5.50%
CURRENT VS 10Y AVG
-3.71%
CURRENT VS 15Y AVG
-5.89%
CURRENT VS 20Y AVG
-8.48%
SHW Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Sherwin-Williams Company (SHW) | $75.55B | 15.21% | 15.30% | 14.71% | 14.42% |
| Ecolab Inc. (ECL) | $72.95B | 11.95% | 11.88% | 10.14% | 9.59% |
| Air Products and Chemicals, Inc. (APD) | $62.06B | -1.82% | 4.05% | 5.72% | 6.36% |
| Freeport-McMoRan Inc. (FCX) | $91.93B | 7.77% | 8.29% | 8.87% | 8.45% |
| Nucor Corporation (NUE) | $58.38B | 6.74% | 7.30% | 14.93% | 15.58% |
| Newmont Corporation (NEM) | $101.04B | 12.23% | 10.17% | -2.70% | -0.68% |
| Vulcan Materials Company (VMC) | $35.36B | 8.02% | 7.30% | 6.97% | 6.71% |
| International Flavors & Fragrances Inc. (IFF) | $18.95B | 3.19% | 2.91% | -1.44% | -0.11% |
| DuPont de Nemours, Inc. (DD) | $18.56B | 2.18% | 2.86% | 3.62% | 3.63% |
| Alcoa Corporation (AA) | $17.72B | 7.84% | 4.37% | 2.33% | 3.07% |
Capital Efficiency
ROIC
15.2%
ROE
58.7%
The Sherwin-Williams Company Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Sherwin-Williams Company Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The return on invested capital (ROIC) for SHW stock is 15.21%.
- Is The Sherwin-Williams Company's return on invested capital (ROIC) high or low?
- The Sherwin-Williams Company's return on invested capital (ROIC) of 15.21% is in line with its 5-year average of 14.42%, near the high end of its 5-year range (13.06%–15.38%).
- What is the TTM average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The TTM average return on invested capital (ROIC) for SHW stock is 15.30%.
- What is the 3Y average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The 3Y average return on invested capital (ROIC) for SHW stock is 14.71%.
- What is the 5Y average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The 5Y average return on invested capital (ROIC) for SHW stock is 14.42%.
- What is the 10Y average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The 10Y average return on invested capital (ROIC) for SHW stock is 15.80%.
- What is the 15Y average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The 15Y average return on invested capital (ROIC) for SHW stock is 16.16%.
- What is the 20Y average return on invested capital (ROIC) for The Sherwin-Williams Company (SHW)?
- The 20Y average return on invested capital (ROIC) for SHW stock is 16.62%.
The Sherwin-Williams Company Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 15.21% |
| 2024-12-31 | 15.38% |
| 2023-12-31 | 15.18% |
| 2022-12-31 | 13.06% |
| 2021-12-31 | 13.49% |
| 2020-12-31 | 14.18% |
| 2019-12-31 | 11.11% |
| 2018-12-31 | 9.96% |
| 2017-12-31 | 10.27% |
| 2016-12-31 | 26.07% |
| 2015-12-31 | 29.85% |
| 2014-12-31 | 24.27% |
| 2013-12-31 | 17.92% |
| 2012-12-31 | 14.61% |
| 2011-12-31 | 13.49% |
| 2010-12-31 | 14.53% |
| 2009-12-31 | 16.40% |
| 2008-12-31 | 18.54% |
| 2007-12-31 | 19.60% |
| 2006-12-31 | 17.77% |
| 2005-12-31 | 18.11% |
| 2004-12-31 | 14.32% |
| 2003-12-31 | 14.35% |
| 2002-12-31 | 14.65% |
| 2001-12-31 | 11.69% |
| 2000-12-31 | 2.30% |
| 1999-12-31 | 11.83% |
| 1998-12-31 | 10.73% |
| 1997-12-31 | 10.36% |
| 1996-12-31 | 12.09% |
Related Metrics
About The Sherwin-Williams Company
Cleveland, Ohio-based The Sherwin-Williams Company, established in 1866, is a prominent global player in the development, manufacturing, distribution, and sale of paints, coatings, and related merchandise. Its extensive customer base encompasses professionals, industrial enterprises, commercial clients, and individual consumers. The company's operations are organized into three key segments: 1. The Americas Group: This division provides architectural paints and coatings, protective and marine products, and original equipment manufacturer (OEM) finishes, catering to architectural and industrial painting contractors, as well as do-it-yourself homeowners. 2. Consumer Brands Group: This segment supplies a broad portfolio of both branded and private-label offerings, including architectural paints, stains, varnishes, wood finishes, and various related items like applicators, adhesives, and aerosols, to retailers and distributors. 3. Performance Coatings Group: Focused on specialized applications, this group develops and sells industrial coatings for wood finishing and general industrial use, automotive refinish products, high-performance protective and marine coatings, coil and packaging coatings, and advanced resins and colorants. Sherwin-Williams reaches its global clientele through its approximately 5,000 company-operated stores and facilities (as of February 17, 2022), alongside direct sales personnel and external representatives. The company maintains a significant international footprint, operating across North and South America, the Caribbean, Europe, Asia, and Australia.
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- CEO
- Heidi G. Petz