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.