Sherwin Williams (SHW) Gross Margin (2009 - 2026)
Sherwin Williams (SHW) posted Gross Margin of 49.17% for Q2 2026, little changed on a QoQ basis from 49.07% in Q1 2026, and down 22.0% year-over-year from 63.03% in Q2 2025.
Analysis
Sherwin Williams (SHW) Gross Margin (2009 - 2026) Analysis & Trends
Sherwin Williams has reported Gross Margin for 18 years, with the latest figure at 49.17% in Q2 2026.
- On a quarterly basis, Gross Margin fell 22.0% year-over-year to 49.17% in Q2 2026; TTM through Jun 2026 was 48.98%, a 12.0% increase from a year earlier, with the FY2025 full-year figure at 48.85%, up 38.0% from the prior year.
- Gross Margin was 49.17% for Q2 2026 at Sherwin Williams, 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.
- Average Gross Margin over 5 years is 46.79%, with a median of 48.35% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 429 bps in 2022, then soared 582 bps in 2023.
- Over 5 years, Gross Margin stood at 42.71% in 2022, then climbed by 14 bps to 48.53% in 2023, then grew by 0 bps to 48.58% in 2024, then decreased by 0 bps to 48.47% in 2025, then gained by 1 bps to 49.17% in 2026.
- The last three Gross Margin figures came in at 49.17% (Q2 2026), 49.07% (Q1 2026), and 48.47% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sherwin Williams | 81.02 Bn | 80.72 Bn | 3.34 Bn | 49.17% |
| 2 | Ppg Industries | 25.02 Bn | 23.57 Bn | 1.81 Bn | 40.22% |
| 3 | Rpm International | 13.47 Bn | 13.16 Bn | 950.03 Mn | 42.57% |
| 4 | Axalta Coating Systems | 7.66 Bn | 7.07 Bn | 465.00 Mn | 34.55% |
| 5 | Fuller H B | 2.90 Bn | 2.78 Bn | 319.65 Mn | 33.64% |
Historic Data
Download Data
Historic 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% |