Sherwin-Williams Co (SHW) - Net Assets
Based on the latest financial reports, Sherwin-Williams Co (SHW) has net assets worth $4.60 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.90 Billion) and total liabilities ($21.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SHW financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.60 Billion |
| % of Total Assets | 17.75% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | 88.67% |
| 10-Year Change | 144.79% |
| Growth Volatility | 26.23 |
Sherwin-Williams Co - Net Assets Trend (1985–2025)
This chart illustrates how Sherwin-Williams Co's net assets have evolved over time, based on quarterly financial data. Also explore SHW current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Sherwin-Williams Co (1985–2025)
The table below shows the annual net assets of Sherwin-Williams Co from 1985 to 2025. For live valuation and market cap data, see Sherwin-Williams Co (SHW) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.60 Billion | +13.50% |
| 2024-12-31 | $4.05 Billion | +9.03% |
| 2023-12-31 | $3.72 Billion | +19.78% |
| 2022-12-31 | $3.10 Billion | +27.28% |
| 2021-12-31 | $2.44 Billion | -32.50% |
| 2020-12-31 | $3.61 Billion | -12.43% |
| 2019-12-31 | $4.12 Billion | +10.52% |
| 2018-12-31 | $3.73 Billion | +2.27% |
| 2017-12-31 | $3.65 Billion | +94.20% |
| 2016-12-31 | $1.88 Billion | +116.43% |
| 2015-12-31 | $867.91 Million | -12.90% |
| 2014-12-31 | $996.47 Million | -43.85% |
| 2013-12-31 | $1.77 Billion | -0.96% |
| 2012-12-31 | $1.79 Billion | +18.12% |
| 2011-12-31 | $1.52 Billion | -5.75% |
| 2010-12-31 | $1.61 Billion | +7.95% |
| 2009-12-31 | $1.49 Billion | -7.14% |
| 2008-12-31 | $1.61 Billion | -10.08% |
| 2007-12-31 | $1.79 Billion | -10.37% |
| 2006-12-31 | $1.99 Billion | +15.12% |
| 2005-12-31 | $1.73 Billion | +4.83% |
| 2004-12-31 | $1.65 Billion | +13.17% |
| 2003-12-31 | $1.46 Billion | +8.72% |
| 2002-12-31 | $1.34 Billion | -9.80% |
| 2001-12-31 | $1.49 Billion | +1.08% |
| 2000-12-31 | $1.47 Billion | -13.34% |
| 1999-12-31 | $1.70 Billion | -1.01% |
| 1998-12-31 | $1.72 Billion | +7.77% |
| 1997-12-31 | $1.59 Billion | +13.63% |
| 1996-12-31 | $1.40 Billion | +15.60% |
| 1995-12-31 | $1.21 Billion | +15.08% |
| 1994-12-31 | $1.05 Billion | +1.95% |
| 1993-12-31 | $1.03 Billion | +14.06% |
| 1992-12-31 | $905.80 Million | +4.35% |
| 1991-12-31 | $868.00 Million | +13.66% |
| 1990-12-31 | $763.70 Million | +14.39% |
| 1989-12-31 | $667.60 Million | +11.03% |
| 1988-12-31 | $601.30 Million | +9.39% |
| 1987-12-31 | $549.70 Million | +11.82% |
| 1986-12-31 | $491.60 Million | +5.63% |
| 1985-12-31 | $465.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sherwin-Williams Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.60 Billion | 100.00% |
| Total Equity | $4.60 Billion | 100.00% |
Sherwin-Williams Co Competitors by Market Cap
The table below lists competitors of Sherwin-Williams Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suncor Energy Inc
TO:SU
|
$79.05 Billion |
|
Industrial and Commercial Bank of China Limited
F:ICK
|
$79.05 Billion |
|
Lloyds Banking Group plc
MX:LYGN
|
$79.09 Billion |
|
TOKYO ELECTRON ADR 1/4/ON
F:TKY0
|
$79.22 Billion |
|
Mondelez International Inc
NASDAQ:MDLZ
|
$78.67 Billion |
|
Delta Electronics (Thailand) Public Company Limited
F:NVAW
|
$78.59 Billion |
|
AXA SA
PA:CS
|
$78.31 Billion |
|
IND.+COMM.BK CHINA ADR/20
F:ICKB
|
$78.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sherwin-Williams Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,051,200,000 to 4,598,300,000, a change of 547,100,000 (13.5%).
- Net income of 2,568,500,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 875,200,000.
- Other factors decreased equity by 2,896,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.57 Billion | +55.86% |
| Other Comprehensive Income | $875.20 Million | +19.03% |
| Other Changes | $-2.90 Billion | -62.99% |
| Total Change | $- | 13.50% |
Book Value vs Market Value Analysis
This analysis compares Sherwin-Williams Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 372.97x to 17.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.85 | $318.00 | x |
| 1986-12-31 | $0.91 | $318.00 | x |
| 1987-12-31 | $1.04 | $318.00 | x |
| 1988-12-31 | $1.15 | $318.00 | x |
| 1989-12-31 | $1.29 | $318.00 | x |
| 1990-12-31 | $1.47 | $318.00 | x |
| 1991-12-31 | $1.65 | $318.00 | x |
| 1992-12-31 | $1.73 | $318.00 | x |
| 1993-12-31 | $1.94 | $318.00 | x |
| 1994-12-31 | $2.03 | $318.00 | x |
| 1995-12-31 | $2.36 | $318.00 | x |
| 1996-12-31 | $2.71 | $318.00 | x |
| 1997-12-31 | $3.05 | $318.00 | x |
| 1998-12-31 | $3.29 | $318.00 | x |
| 1999-12-31 | $3.35 | $318.00 | x |
| 2000-12-31 | $3.06 | $318.00 | x |
| 2001-12-31 | $3.17 | $318.00 | x |
| 2002-12-31 | $2.95 | $318.00 | x |
| 2003-12-31 | $3.31 | $318.00 | x |
| 2004-12-31 | $3.80 | $318.00 | x |
| 2005-12-31 | $4.08 | $318.00 | x |
| 2006-12-31 | $4.83 | $318.00 | x |
| 2007-12-31 | $4.55 | $318.00 | x |
| 2008-12-31 | $4.48 | $318.00 | x |
| 2009-12-31 | $4.31 | $318.00 | x |
| 2010-12-31 | $4.93 | $318.00 | x |
| 2011-12-31 | $4.78 | $318.00 | x |
| 2012-12-31 | $5.75 | $318.00 | x |
| 2013-12-31 | $5.74 | $318.00 | x |
| 2014-12-31 | $3.39 | $318.00 | x |
| 2015-12-31 | $3.08 | $318.00 | x |
| 2016-12-31 | $6.63 | $318.00 | x |
| 2017-12-31 | $12.81 | $318.00 | x |
| 2018-12-31 | $13.09 | $318.00 | x |
| 2019-12-31 | $14.71 | $318.00 | x |
| 2020-12-31 | $13.19 | $318.00 | x |
| 2021-12-31 | $9.12 | $318.00 | x |
| 2022-12-31 | $11.85 | $318.00 | x |
| 2023-12-31 | $14.39 | $318.00 | x |
| 2024-12-31 | $15.94 | $318.00 | x |
| 2025-12-31 | $18.48 | $318.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sherwin-Williams Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 55.86%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.90%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 5.63x
- Recent ROE (55.86%) is above the historical average (33.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 16.03% | 3.40% | 2.08x | 2.27x | $28.06 Million |
| 1986 | 21.56% | 6.83% | 1.36x | 2.33x | $56.84 Million |
| 1987 | 17.57% | 5.39% | 1.57x | 2.07x | $41.63 Million |
| 1988 | 16.81% | 5.18% | 1.55x | 2.09x | $40.97 Million |
| 1989 | 16.31% | 5.13% | 1.54x | 2.06x | $42.14 Million |
| 1990 | 16.07% | 5.41% | 1.51x | 1.97x | $46.33 Million |
| 1991 | 14.77% | 5.04% | 1.58x | 1.86x | $41.40 Million |
| 1992 | 6.93% | 2.29% | 1.59x | 1.91x | $-27.78 Million |
| 1993 | 15.99% | 5.60% | 1.54x | 1.85x | $61.88 Million |
| 1994 | 17.72% | 6.02% | 1.58x | 1.86x | $81.27 Million |
| 1995 | 16.56% | 6.13% | 1.53x | 1.77x | $79.49 Million |
| 1996 | 16.36% | 5.55% | 1.38x | 2.14x | $89.08 Million |
| 1997 | 16.37% | 5.34% | 1.21x | 2.53x | $101.38 Million |
| 1998 | 15.90% | 5.53% | 1.21x | 2.37x | $101.31 Million |
| 1999 | 17.89% | 6.07% | 1.24x | 2.37x | $134.05 Million |
| 2000 | 1.09% | 0.31% | 1.39x | 2.55x | $-131.16 Million |
| 2001 | 17.69% | 5.19% | 1.40x | 2.44x | $114.38 Million |
| 2002 | 9.51% | 2.46% | 1.51x | 2.56x | $-6.62 Million |
| 2003 | 22.76% | 6.14% | 1.47x | 2.52x | $186.17 Million |
| 2004 | 23.87% | 6.44% | 1.43x | 2.59x | $228.53 Million |
| 2005 | 26.77% | 6.44% | 1.65x | 2.52x | $290.20 Million |
| 2006 | 28.91% | 7.38% | 1.56x | 2.51x | $376.82 Million |
| 2007 | 34.47% | 7.69% | 1.65x | 2.72x | $437.01 Million |
| 2008 | 29.70% | 5.98% | 1.81x | 2.75x | $316.31 Million |
| 2009 | 29.23% | 6.14% | 1.64x | 2.90x | $286.75 Million |
| 2010 | 28.74% | 5.95% | 1.50x | 3.21x | $301.54 Million |
| 2011 | 29.13% | 5.04% | 1.68x | 3.45x | $290.17 Million |
| 2012 | 37.96% | 7.13% | 1.53x | 3.48x | $501.02 Million |
| 2013 | 42.41% | 7.39% | 1.60x | 3.60x | $575.11 Million |
| 2014 | 86.90% | 7.78% | 1.95x | 5.72x | $766.24 Million |
| 2015 | 121.42% | 9.29% | 1.96x | 6.66x | $967.06 Million |
| 2016 | 60.30% | 9.55% | 1.76x | 3.59x | $944.86 Million |
| 2017 | 48.58% | 11.83% | 0.75x | 5.46x | $1.41 Billion |
| 2018 | 29.72% | 6.32% | 0.92x | 5.13x | $735.68 Million |
| 2019 | 37.38% | 8.61% | 0.87x | 4.97x | $1.13 Billion |
| 2020 | 56.23% | 11.06% | 0.90x | 5.65x | $1.67 Billion |
| 2021 | 76.50% | 9.35% | 0.97x | 8.48x | $1.62 Billion |
| 2022 | 65.12% | 9.12% | 0.98x | 7.28x | $1.71 Billion |
| 2023 | 64.29% | 10.36% | 1.00x | 6.18x | $2.02 Billion |
| 2024 | 66.19% | 11.61% | 0.98x | 5.83x | $2.28 Billion |
| 2025 | 55.86% | 10.90% | 0.91x | 5.63x | $2.11 Billion |
Industry Comparison
This section compares Sherwin-Williams Co's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $733,290,376
- Average return on equity (ROE) among peers: 5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sherwin-Williams Co (SHW) | $4.60 Billion | 16.03% | 4.63x | $78.83 Billion |
| Albemarle Corp (ALB) | $1.03 Billion | 13.91% | 1.46x | $19.80 Billion |
| Alto Ingredients Inc (ALTO) | $383.70 Million | -9.11% | 0.88x | $212.84 Million |
| Aemetis Inc (AMTX) | $-35.29 Million | 0.00% | 0.00x | $154.69 Million |
| Air Products and Chemicals Inc (APD) | $3.09 Billion | 14.58% | 1.67x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $971.00 Million | 21.48% | 2.92x | $2.37 Billion |
| Avient Corp (AVNT) | $649.70 Million | 1.75% | 1.44x | $3.16 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.21 Billion | -18.56% | 4.56x | $5.92 Billion |
| Balchem Corporation (BCPC) | $1.80 Million | 22.22% | 1.00x | $5.17 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $6.67 Million | -5.34% | 0.31x | $4.91 Million |
| Bon Natural Life Ltd (BON) | $26.53 Million | 17.30% | 0.37x | $7.91 Million |
About Sherwin-Williams Co
The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paint, coatings, and related products to professional, industrial, commercial and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group. The Paint Stores Group segment offers architectural paint and coatings; protective and marin… Read more