Sherwin Williams (SHW) Net Margin (2009 - 2026)
Sherwin Williams (SHW) posted quarterly Net Margin of 12.43% for Q2 2026, up 47.0% year-over-year from 8.45% in Q2 2025, and up 31.69% quarter-over-quarter from 9.44% in Q1 2026.
Sherwin Williams (SHW) Net Margin (2009 - 2026) Analysis & Trends
Sherwin Williams' Net Margin history runs 18 years deep, the most recent figure standing at 12.43% for Q2 2026.
- In Q2 2026, Net Margin rose 47.0% year-over-year to 12.43%; the TTM figure through Jun 2026 stood at 11.01% (down 1.0% YoY), while the FY2025 annual figure was 10.9%, down 71.0% from the prior year.
- Net Margin for Q2 2026 stood at 12.43%, up from 9.44% in the prior quarter.
- The five-year high for Net Margin was 14.19% in Q2 2024, with the low at 6.78% in Q4 2023.
- The 5-year median for Net Margin is 9.67% (2022), against an average of 10.41%.
- The sharpest annual moves came in 2023 and 2025: Net Margin surged 288 bps in 2023, then tumbled 224 bps in 2025.
- Sherwin Williams' Net Margin stood at 7.39% in 2022, then retreated by 8 bps to 6.78% in 2023, then jumped by 34 bps to 9.06% in 2024, then retreated by 6 bps to 8.52% in 2025, then jumped by 46 bps to 12.43% in 2026.
- Business Quant data shows SHW's Net Margin at 12.43% in Q2 2026, 9.44% in Q1 2026, and 8.52% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 222.77 Bn | 217.87 Bn | 4.43 Bn | 20.84% |
| 2 | Sherwin Williams | 84.55 Bn | 84.26 Bn | 3.34 Bn | 12.43% |
| 3 | Ecolab | 78.89 Bn | 73.75 Bn | 1.95 Bn | 12.20% |
| 4 | Air Products & Chemicals | 66.91 Bn | 65.93 Bn | 1.04 Bn | -45.00% |
| 5 | Ppg Industries | 25.15 Bn | 23.56 Bn | 1.81 Bn | 9.79% |
| 6 | Chemical & Mining Co Of Chile | 22.35 Bn | 18.48 Bn | 778.60 Mn | 22.89% |
| 7 | LyondellBasell Industries | 22.02 Bn | 19.39 Bn | 2.04 Bn | 6.08% |
| 8 | International Flavors & Fragrances | 21.27 Bn | 20.70 Bn | 853.00 Mn | 3.28% |
| 9 | DuPont de Nemours | 18.86 Bn | 17.12 Bn | 639.00 Mn | 8.08% |
| 10 | Albemarle | 15.88 Bn | 14.25 Bn | 590.30 Mn | 37.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.43% |
| Mar 31, 2026 | 9.44% |
| Dec 31, 2025 | 8.52% |
| Sep 30, 2025 | 13.10% |
| Jun 30, 2025 | 11.95% |
| Mar 31, 2025 | 9.50% |
| Dec 31, 2024 | 9.06% |
| Sep 30, 2024 | 13.08% |
| Jun 30, 2024 | 14.19% |
| Mar 31, 2024 | 9.41% |
| Dec 31, 2023 | 6.78% |
| Sep 30, 2023 | 12.45% |
| Jun 30, 2023 | 12.72% |
| Mar 31, 2023 | 8.77% |
| Dec 31, 2022 | 7.39% |
| Sep 30, 2022 | 11.33% |
| Jun 30, 2022 | 9.84% |
| Mar 31, 2022 | 7.42% |
| Dec 31, 2021 | 6.38% |
| Sep 30, 2021 | 9.76% |