Sherwin Williams SHW
NYSE SHW
$320.70 -5.39 (-1.65%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%