Sherwin Williams (SHW) Gross Margin (2009 - 2026)

Sherwin Williams' Gross Margin history runs 18 years deep, the most recent figure standing at 49.07% for Q1 2026.

• In Q1 2026, Gross Margin rose 83.0% year-over-year to 49.07%; the TTM figure through Mar 2026 stood at 49.04% (up 32.0% YoY), while the FY2025 annual figure was 48.85%, up 38.0% from the prior year.
• Gross Margin was 49.07% for Q1 2026 at Sherwin Williams, up from 48.47% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 49.38% in Q2 2025 to a low of 41.07% in Q1 2022.
• Historically, Gross Margin has averaged 46.65% across 5 years, with a median of 48.23% in 2025.
• The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 429 bps in 2022, then surged 582 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 42.71% in 2022, then advanced by 14 bps to 48.53% in 2023, then climbed by 0 bps to 48.58% in 2024, then retreated by 0 bps to 48.47% in 2025, then gained 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.