Sherwin Williams (SHW) Gross Margin (2009 - 2026)
Sherwin Williams' quarterly Gross Margin came in at 49.07% in Q1 2026, up 83.0% year-on-year from 26.81% in Q1 2025, and up 1.22% quarter-over-quarter from 48.47% in Q4 2025.
Sherwin Williams has reported Gross Margin for 18 years, with the latest figure at 49.07% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 83.0% year-over-year to 49.07%; the trailing twelve-month figure through Mar 2026 stood at 49.04% (up 32.0% YoY), and the FY2025 full-year result was 48.85%, up 38.0% from the prior year.
- Gross Margin for Q1 2026 stood at 49.07%, up from 48.47% 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 46.65%, with a median of 48.23% recorded in 2025.
- Year-over-year, Gross Margin slumped 429 bps in 2022 and jumped 582 bps in 2023.
- Tracing SHW's Gross Margin over 5 years: 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 advanced by 1 bps to 49.07% in 2026.
- The last three Gross Margin figures came in at 49.07% (Q1 2026), 48.47% (Q4 2025), and 49.16% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 48.49% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 44.24% |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 49.07% |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 44.03% |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 31.13% |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | 42.11% |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 9.74% |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | 35.06% |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 35.81% |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 37.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 44.82% |
| Mar 31, 2021 | 45.36% |
| Dec 31, 2020 | 47.42% |
| Sep 30, 2020 | 47.93% |
| Jun 30, 2020 | 47.98% |
| Mar 31, 2020 | 45.57% |
| Dec 31, 2019 | 46.03% |
| Sep 30, 2019 | 45.72% |
| Jun 30, 2019 | 44.72% |
| Mar 31, 2019 | 42.94% |
| Dec 31, 2018 | 41.40% |
| Sep 30, 2018 | 42.49% |
| Jun 30, 2018 | 42.70% |
| Mar 31, 2018 | 42.54% |
| Dec 31, 2017 | 43.71% |
| Sep 30, 2017 | 42.20% |
| Jun 30, 2017 | 46.43% |
| Mar 31, 2017 | 48.64% |
| Dec 31, 2016 | 49.90% |
| Sep 30, 2016 | 49.90% |
| Jun 30, 2016 | 50.81% |
| Mar 31, 2016 | 49.02% |
| Dec 31, 2015 | 50.77% |
| Sep 30, 2015 | 49.95% |
| Jun 30, 2015 | 48.85% |
| Mar 31, 2015 | 46.22% |
| Dec 31, 2014 | 47.40% |
| Sep 30, 2014 | 46.69% |
| Jun 30, 2014 | 46.32% |
| Mar 31, 2014 | 45.04% |
| Dec 31, 2013 | 45.75% |
| Sep 30, 2013 | 45.51% |
| Jun 30, 2013 | 45.45% |
| Mar 31, 2013 | 44.43% |
| Dec 31, 2012 | 44.80% |
| Sep 30, 2012 | 44.19% |
| Jun 30, 2012 | 44.72% |
| Mar 31, 2012 | 42.59% |
| Dec 31, 2011 | 42.80% |
| Sep 30, 2011 | 41.78% |
| Jun 30, 2011 | 43.43% |
| Mar 31, 2011 | 42.97% |
| Dec 31, 2010 | 44.61% |
| Sep 30, 2010 | 44.73% |
| Jun 30, 2010 | 45.35% |
| Mar 31, 2010 | 44.20% |
| Dec 31, 2009 | 47.42% |
| Sep 30, 2009 | 46.52% |
| Jun 30, 2009 | 45.97% |