• Sherwin-Williams average return on tangible equity for 2023 was -28.37, a 30.62% increase from 2022.
• Sherwin-Williams average return on tangible equity for 2022 was -21.72, a 13.98% increase from 2021.
• Sherwin-Williams average return on tangible equity for 2021 was -25.25, a 8.65% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.