Sherwin Williams (SHW) EBITDA Margin (2009 - 2026)
Sherwin Williams (SHW) reported EBITDA Margin of 20.34% for Q3 2026, down 0.72 percentage points from 21.07% a year earlier and down 0.58 percentage points from the prior quarter.
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Analysis
Sherwin Williams (SHW) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Sherwin Williams' EBITDA Margin came in at 19.17%, up 0.32 percentage points year-over-year; for FY2025, it came in at 19.08%, up 0.04 percentage points from FY2024.
- EBITDA Margin has increased for three consecutive years, though with a five-year change of -1.58 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 19.04% in FY2024 (+0.32 pp), 18.72% in FY2023 (+2.55 pp), 16.17% in FY2022 (-0.07 pp) and 16.24% in FY2021 (-4.42 pp).
- Five-year quarterly EBITDA Margin spans a low of 5.70% in Q4 2021 and a high of 21.86% in Q2 2024.
- Year over year, EBITDA Margin gained in five of the last eight quarters, with an average year-over-year change of +0.08 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q4 2022 (a gain of 8.56 percentage points); the low point was Q4 2021 (a drop of 12.24 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 20.93% (Q2 2026), 17.61% (Q1 2026) and 17.19% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 238.84 Bn | 220.98 Bn | 4.44 Bn | 33.12% |
| 2 | Corning | 98.69 Bn | 90.37 Bn | 1.81 Bn | 26.86% |
| 3 | Sherwin Williams | 85.12 Bn | 84.13 Bn | 3.28 Bn | 20.34% |
| 4 | Air Products & Chemicals | 69.02 Bn | 64.21 Bn | 1.04 Bn | -54.15% |
| 5 | LyondellBasell Industries | 38.36 Bn | 26.43 Bn | 1.50 Bn | 16.94% |
| 6 | Nutrien | 34.35 Bn | 30.38 Bn | - | - |
| 7 | Ppg Industries | 27.44 Bn | 20.36 Bn | 1.76 Bn | 17.96% |
| 8 | Qnity Electronics | 26.06 Bn | 22.20 Bn | 743.00 Mn | 34.45% |
| 9 | Ati | 25.56 Bn | 23.51 Bn | 380.20 Mn | 22.25% |
| 10 | Dow | 22.14 Bn | 6.10 Bn | 1.38 Bn | 12.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.34% |
| Jun 30, 2026 | 20.93% |
| Mar 31, 2026 | 17.61% |
| Dec 31, 2025 | 17.19% |
| Sep 30, 2025 | 21.07% |
| Jun 30, 2025 | 20.10% |
| Mar 31, 2025 | 17.46% |
| Dec 31, 2024 | 16.09% |
| Sep 30, 2024 | 20.92% |
| Jun 30, 2024 | 21.86% |
| Mar 31, 2024 | 16.48% |
| Dec 31, 2023 | 16.13% |
| Sep 30, 2023 | 21.50% |
| Jun 30, 2023 | 20.40% |
| Mar 31, 2023 | 16.25% |
| Dec 31, 2022 | 14.26% |
| Sep 30, 2022 | 18.64% |
| Jun 30, 2022 | 16.97% |
| Mar 31, 2022 | 14.26% |
| Dec 31, 2021 | 5.70% |
API Access
Sherwin Williams EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SHW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();