Sherwin Williams (SHW) Net Margin (2009 - 2026)
Sherwin Williams (SHW) posted Net Margin of 12.43% for Q2 2026, up 31.69% on a QoQ basis from 9.44% in Q1 2026, and up 47.0% year-over-year from 8.45% in Q2 2025.
Analysis
Sherwin Williams (SHW) Net Margin (2009 - 2026) Analysis & Trends
Sherwin Williams has reported Net Margin for 18 years, with the latest figure at 12.43% in Q2 2026.
- On a quarterly basis, Net Margin rose 47.0% year-over-year to 12.43% in Q2 2026; TTM through Jun 2026 was 11.01%, a 1.0% decrease from a year earlier, with the FY2025 full-year figure at 10.9%, down 71.0% from the prior year.
- Net Margin was 12.43% for Q2 2026 at Sherwin Williams, 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.
- Average Net Margin over 5 years is 10.41%, with a median of 9.67% recorded in 2022.
- The sharpest annual moves came in 2023 and 2025: Net Margin jumped 288 bps in 2023, then tumbled 224 bps in 2025.
- Over 5 years, Net Margin stood at 7.39% in 2022, then slipped by 8 bps to 6.78% in 2023, then soared by 34 bps to 9.06% in 2024, then slipped by 6 bps to 8.52% in 2025, then soared by 46 bps to 12.43% in 2026.
- The last three Net Margin figures came in at 12.43% (Q2 2026), 9.44% (Q1 2026), and 8.52% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sherwin Williams | 81.02 Bn | 80.72 Bn | 3.34 Bn | 12.43% |
| 2 | Ppg Industries | 25.02 Bn | 23.57 Bn | 1.81 Bn | 9.79% |
| 3 | Rpm International | 13.47 Bn | 13.16 Bn | 950.03 Mn | 9.93% |
| 4 | Axalta Coating Systems | 7.66 Bn | 7.07 Bn | 465.00 Mn | 6.61% |
| 5 | Fuller H B | 2.90 Bn | 2.78 Bn | 319.65 Mn | 7.00% |
Historic Data
Download Data
Historic 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% |