Waterborne polyurethane (WPU) can be used in the field of artificial leather. It is one of the alternatives that replace natural leather products. However, for colored PU leather, the color is usually dull and not bright. In this study, three different polyol ratios (55%, 57.5%, 60%) of WPU were synthesized, and different types of dispersants were used. After mixing with pigments, a film was prepared and use Differential Scanning Calorimetry (DSC) to observed the pigment distribution of the resin. In addition, the colored WPU coating is applied to the fabric, and the chroma is analyzed by a spectrophotometer. The experimental results show that different polyol ratio between 55% and 60%, when increased the polyol ratio, the colored WPU's chroma was lower. The colored WPU changes significantly at the Tg point of the hard segment and indicating that the dyeing effect of the pigment was large with the hard segments.