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Sherwin-Williams SHW Debt-to-equity

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Other financials

Income statement

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Revenue$6.8B+7.5%
Gross profit$3.3B+7.0%
Operating income$1.3B+1.7%
Net income$843.6M+11.8%
EPS (diluted)$3.43+14.3%

Balance sheet

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Cash & equivalents$293.5M+8.8%
Total debt$16.5B+13.7%
Total equity$3.9B-12.4%
Total assets$27.0B+6.3%

Cash flow

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Operating cash flow$1.3B+21.1%
CapEx$108.4M-40.3%
Free cash flow$1.2B+33.1%

Valuation

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Market cap$82.74B-4.6%
Enterprise value$98.91B-2.0%
P/E30.8×-3.3×
P/S3.4×-0.4×

Profitability

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Gross margin49%+0.1pp
Net margin11%0.0pp
FCF margin13.2%+3.8pp

Returns & leverage

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Return on equity65.1%+2.7pp
Current ratio0.7×-0.1×

Where this comes from

Calculated from Sherwin-Williams’s reported figures.

Based on the most recent quarter.

The source filing: Sherwin-Williams’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 1:54 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000089800-26-000049

FAQ

What is Sherwin-Williams's debt-to-equity?
Sherwin-Williams (SHW) reported debt-to-equity of 4.3× in Q2 2026.
How has Sherwin-Williams's debt-to-equity changed year-over-year?
Sherwin-Williams's debt-to-equity increased by 29.8% year-over-year, from 3.3× to 4.3×.
What is the long-term trend for Sherwin-Williams's debt-to-equity?
Over 5 years (2020 to 2025), Sherwin-Williams's debt-to-equity has grown at a 1.8% compound annual growth rate (CAGR), from 2.8× to 3.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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