Sherwin Williams annual debt-to-equity ratio
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2025
Sherwin Williams Debt-to-Equity Ratio Growth & History (SHW)
Sherwin Williams's debt-to-equity ratio was 2.86 for fiscal 2025.
View full Sherwin Williams company overviewSherwin Williams annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.86 | −0.13 | −4.36% |
| 2024 | 2024-12-31 | 2.99 | −0.19 | −6.00% |
| 2023 | 2023-12-31 | 3.18 | −0.85 | −21.18% |
| 2022 | 2022-12-31 | 4.03 | −0.68 | −14.51% |
| 2021 | 2021-12-31 | 4.72 | 1.86 | +65.15% |
| 2020 | 2020-12-31 | 2.86 | 0.28 | +10.68% |
| 2019 | 2019-12-31 | 2.58 | 0.08 | +3.03% |
| 2018 | 2018-12-31 | 2.50 | −0.38 | −13.16% |
| 2017 | 2017-12-31 | 2.88 | 1.84 | +177.45% |
| 2016 | 2016-12-31 | 1.04 | −1.21 | −53.73% |
| 2015 | 2015-12-31 | 2.25 | 0.44 | +24.46% |
| 2014 | 2014-12-31 | 1.81 | 0.83 | +86.03% |
| 2013 | 2013-12-31 | 0.97 | 0.02 | +1.98% |
| 2012 | 2012-12-31 | 0.95 | 0.30 | +45.30% |
| 2011 | 2011-12-31 | 0.65 | 0.01 | +0.88% |
| 2010 | 2010-12-31 | 0.65 | 0.10 | +18.38% |
| 2009 | 2009-12-31 | 0.55 | 0.03 | +5.61% |
| 2008 | 2008-12-31 | 0.52 | −0.02 | −3.96% |
| 2007 | 2007-12-31 | 0.54 | — | — |
Sherwin Williams quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.69 | 0.79 | +27.09% |
| Q1 2026 | 2026-03-31 | 3.11 | 0.01 | +0.24% |
| Q4 2025 | 2025-12-31 | 2.86 | −0.13 | −4.36% |
| Q3 2025 | 2025-09-30 | 3.07 | 0.16 | +5.39% |
| Q2 2025 | 2025-06-30 | 2.90 | −0.38 | −11.49% |
| Q1 2025 | 2025-03-31 | 3.10 | −0.52 | −14.26% |
| Q4 2024 | 2024-12-31 | 2.99 | −0.19 | −6.00% |
| Q3 2024 | 2024-09-30 | 2.91 | −0.23 | −7.37% |
| Q2 2024 | 2024-06-30 | 3.28 | −0.12 | −3.54% |
| Q1 2024 | 2024-03-31 | 3.62 | −0.48 | −11.81% |
| Q4 2023 | 2023-12-31 | 3.18 | −0.85 | −21.18% |
| Q3 2023 | 2023-09-30 | 3.14 | −1.65 | −34.40% |
| Q2 2023 | 2023-06-30 | 3.40 | −2.22 | −39.55% |
| Q1 2023 | 2023-03-31 | 4.11 | −1.48 | −26.56% |
| Q4 2022 | 2022-12-31 | 4.03 | −0.68 | −14.51% |
| Q3 2022 | 2022-09-30 | 4.79 | 0.77 | +19.24% |
| Q2 2022 | 2022-06-30 | 5.62 | 1.79 | +46.84% |
| Q1 2022 | 2022-03-31 | 5.59 | 2.05 | +57.92% |
| Q4 2021 | 2021-12-31 | 4.72 | 1.86 | +65.15% |
| Q3 2021 | 2021-09-30 | 4.02 | 1.62 | +67.50% |
| Q2 2021 | 2021-06-30 | 3.83 | 1.09 | +39.66% |
| Q1 2021 | 2021-03-31 | 3.54 | 0.04 | +1.11% |
| Q4 2020 | 2020-12-31 | 2.86 | 0.28 | +10.68% |
| Q3 2020 | 2020-09-30 | 2.40 | −0.24 | −9.18% |
| Q2 2020 | 2020-06-30 | 2.74 | −0.24 | −8.10% |
| Q1 2020 | 2020-03-31 | 3.50 | 0.16 | +4.80% |
| Q4 2019 | 2019-12-31 | 2.58 | 0.08 | +3.03% |
| Q3 2019 | 2019-09-30 | 2.64 | 0.18 | +7.34% |
| Q2 2019 | 2019-06-30 | 2.98 | 0.18 | +6.47% |
| Q1 2019 | 2019-03-31 | 3.34 | 0.37 | +12.64% |
| Q4 2018 | 2018-12-31 | 2.50 | −0.38 | −13.16% |
| Q3 2018 | 2018-09-30 | 2.46 | −1.53 | −38.40% |
| Q2 2018 | 2018-06-30 | 2.80 | −2.01 | −41.76% |
| Q1 2018 | 2018-03-31 | 2.97 | 2.02 | +213.44% |
| Q4 2017 | 2017-12-31 | 2.88 | 1.84 | +177.45% |
| Q3 2017 | 2017-09-30 | 3.99 | 2.77 | +225.36% |
| Q2 2017 | 2017-06-30 | 4.81 | 3.23 | +204.35% |
| Q1 2017 | 2017-03-31 | 0.95 | −1.09 | −53.57% |
| Q4 2016 | 2016-12-31 | 1.04 | −1.21 | −53.73% |
| Q3 2016 | 2016-09-30 | 1.23 | −0.77 | −38.45% |
| Q2 2016 | 2016-06-30 | 1.58 | −1.43 | −47.47% |
| Q1 2016 | 2016-03-31 | 2.04 | −3.34 | −62.13% |
| Q4 2015 | 2015-12-31 | 2.25 | 0.44 | +24.46% |
| Q3 2015 | 2015-09-30 | 1.99 | 0.75 | +60.46% |
| Q2 2015 | 2015-06-30 | 3.01 | 1.90 | +171.66% |
| Q1 2015 | 2015-03-31 | 5.38 | 4.35 | +419.62% |
| Q4 2014 | 2014-12-31 | 1.81 | 0.83 | +86.03% |
| Q3 2014 | 2014-09-30 | 1.24 | 0.21 | +20.45% |
| Q2 2014 | 2014-06-30 | 1.11 | 0.21 | +22.76% |
| Q1 2014 | 2014-03-31 | 1.04 | 0.10 | +10.20% |
| Q4 2013 | 2013-12-31 | 0.97 | 0.02 | +1.98% |
| Q3 2013 | 2013-09-30 | 1.03 | 0.49 | +89.44% |
| Q2 2013 | 2013-06-30 | 0.90 | 0.09 | +11.58% |
| Q1 2013 | 2013-03-31 | 0.94 | 0.06 | +7.26% |
| Q4 2012 | 2012-12-31 | 0.95 | 0.30 | +45.30% |
| Q3 2012 | 2012-09-30 | 0.54 | −0.17 | −23.78% |
| Q2 2012 | 2012-06-30 | 0.81 | 0.11 | +15.33% |
| Q1 2012 | 2012-03-31 | 0.88 | 0.04 | +5.19% |
| Q4 2011 | 2011-12-31 | 0.65 | 0.01 | +0.88% |
| Q3 2011 | 2011-09-30 | 0.71 | 0.07 | +10.14% |
| Q2 2011 | 2011-06-30 | 0.70 | 0.11 | +18.18% |
| Q1 2011 | 2011-03-31 | 0.83 | 0.14 | +19.66% |
| Q4 2010 | 2010-12-31 | 0.65 | 0.10 | +18.38% |
| Q3 2010 | 2010-09-30 | 0.65 | 0.23 | +55.43% |
| Q2 2010 | 2010-06-30 | 0.59 | 0.13 | +28.49% |
| Q1 2010 | 2010-03-31 | 0.70 | — | — |
| Q4 2009 | 2009-12-31 | 0.55 | 0.03 | +5.61% |
| Q3 2009 | 2009-09-30 | 0.42 | — | — |
| Q2 2009 | 2009-06-30 | 0.46 | — | — |
| Q4 2008 | 2008-12-31 | 0.52 | — | — |
Sherwin Williams debt-to-equity ratio trends
Over the last five fiscal years, Sherwin Williams's debt-to-equity ratio increased from 2.86 to 2.86, a change of 0.00. The latest reported quarter, Q2 2026, shows 3.69.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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