Sherwin-Williams Co (SHW)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,681,400 | 2,388,800 | 2,020,100 | 1,864,400 | 2,030,400 |
| Total stockholders’ equity | US$ in thousands | 4,051,200 | 3,715,800 | 3,102,100 | 2,437,200 | 3,610,800 |
| ROE | 66.19% | 64.29% | 65.12% | 76.50% | 56.23% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $2,681,400K ÷ $4,051,200K
= 66.19%
Sherwin-Williams Co has shown a strong upward trend in its return on equity (ROE) over the past five years, increasing from 56.23% in December 2020 to 66.19% in December 2024. This indicates the company's ability to generate profit from shareholders' equity has improved consistently over this period. The average ROE over these years is approximately 65.47%, reflecting solid profitability and efficient use of equity capital. This upward trend suggests that Sherwin-Williams Co has been effectively managing its resources to create value for its shareholders.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROE
Sherwin-Williams Co
SHW
66.19%
Fastenal Company
FAST
31.82%
Tractor Supply Company
TSCO
48.51%