Sherwin Williams (SHW) Gross Margin (2009 - 2026)
Sherwin Williams (SHW) posted quarterly Gross Margin of 49.17% for Q2 2026, down 22.0% year-over-year from 63.03% in Q2 2025, and little changed quarter-over-quarter from 49.07% in Q1 2026.
Sherwin Williams (SHW) Gross Margin (2009 - 2026) Analysis & Trends
Sherwin Williams' Gross Margin history runs 18 years deep, the most recent figure standing at 49.17% for Q2 2026.
- In Q2 2026, Gross Margin fell 22.0% year-over-year to 49.17%; the TTM figure through Jun 2026 stood at 48.98% (up 12.0% YoY), while the FY2025 annual figure was 48.85%, up 38.0% from the prior year.
- Gross Margin for Q2 2026 stood at 49.17%, roughly flat from 49.07% in the prior quarter.
- The five-year high for Gross Margin was 49.38% in Q2 2025, with the low at 41.07% in Q1 2022.
- The 5-year median for Gross Margin is 48.35% (2025), against an average of 46.79%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 429 bps in 2022, then jumped 582 bps in 2023.
- Sherwin Williams' Gross Margin stood at 42.71% in 2022, then gained by 14 bps to 48.53% in 2023, then advanced by 0 bps to 48.58% in 2024, then fell by 0 bps to 48.47% in 2025, then increased by 1 bps to 49.17% in 2026.
- Business Quant data shows SHW's Gross Margin at 49.17% in Q2 2026, 49.07% in Q1 2026, and 48.47% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 222.77 Bn | 217.87 Bn | 4.43 Bn | 47.67% |
| 2 | Sherwin Williams | 84.55 Bn | 84.26 Bn | 3.34 Bn | 49.17% |
| 3 | Ecolab | 78.89 Bn | 73.75 Bn | 1.95 Bn | 44.07% |
| 4 | Air Products & Chemicals | 66.91 Bn | 65.93 Bn | 1.04 Bn | 32.77% |
| 5 | Ppg Industries | 25.15 Bn | 23.56 Bn | 1.81 Bn | 40.22% |
| 6 | Chemical & Mining Co Of Chile | 22.35 Bn | 18.48 Bn | 778.60 Mn | 44.24% |
| 7 | LyondellBasell Industries | 22.02 Bn | 19.39 Bn | 2.04 Bn | 22.21% |
| 8 | International Flavors & Fragrances | 21.27 Bn | 20.70 Bn | 853.00 Mn | 43.65% |
| 9 | DuPont de Nemours | 18.86 Bn | 17.12 Bn | 639.00 Mn | 35.13% |
| 10 | Albemarle | 15.88 Bn | 14.25 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 49.17% |
| Mar 31, 2026 | 49.07% |
| Dec 31, 2025 | 48.47% |
| Sep 30, 2025 | 49.16% |
| Jun 30, 2025 | 49.38% |
| Mar 31, 2025 | 48.23% |
| Dec 31, 2024 | 48.58% |
| Sep 30, 2024 | 49.13% |
| Jun 30, 2024 | 48.85% |
| Mar 31, 2024 | 47.16% |
| Dec 31, 2023 | 48.53% |
| Sep 30, 2023 | 47.68% |
| Jun 30, 2023 | 46.03% |
| Mar 31, 2023 | 44.48% |
| Dec 31, 2022 | 42.71% |
| Sep 30, 2022 | 42.82% |
| Jun 30, 2022 | 41.70% |
| Mar 31, 2022 | 41.07% |
| Dec 31, 2021 | 39.47% |
| Sep 30, 2021 | 41.57% |