Sherwin-Williams Co (SHW)
Return on total capital
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,746,700 | 3,695,200 | 3,881,300 | 3,867,500 | 3,722,000 | 3,706,700 | 3,546,300 | 3,527,400 | 3,562,000 | 3,429,500 | 3,138,500 | 2,963,900 | 2,754,500 | 2,470,700 | 2,540,600 | 2,583,300 | 2,778,800 | 3,043,100 | 2,975,900 | 2,861,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,425,300 | 4,400,900 | 4,130,100 | 4,051,200 | 4,156,100 | 3,751,800 | 3,503,700 | 3,715,800 | 3,780,000 | 3,631,100 | 3,166,800 | 3,102,100 | 2,597,800 | 2,224,600 | 2,234,300 | 2,437,200 | 2,690,300 | 2,840,400 | 3,078,700 | 3,610,800 |
| Return on total capital | 84.67% | 83.96% | 93.98% | 95.47% | 89.56% | 98.80% | 101.22% | 94.93% | 94.23% | 94.45% | 99.11% | 95.54% | 106.03% | 111.06% | 113.71% | 105.99% | 103.29% | 107.14% | 96.66% | 79.25% |
September 30, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $3,746,700K ÷ ($—K + $4,425,300K)
= 84.67%
Peer comparison
Sep 30, 2025
Company name
Symbol
Return on total capital
Sherwin-Williams Co
SHW
84.67%
Air Products and Chemicals Inc
APD
-1.51%
Ashland Global Holdings Inc
ASH
-40.50%
Cabot Corporation
CBT
42.18%
Eastman Chemical Company
EMN
—
H B Fuller Company
FUL
13.75%
LyondellBasell Industries NV
LYB
-8.75%
Minerals Technologies Inc
MTX
3.93%
PPG Industries Inc
PPG
24.44%
WD-40 Company
WDFC
28.69%