Sherwin Williams (SHW) Net Margin (2009 - 2026)
Sherwin Williams' quarterly Net Margin came in at 9.44% in Q1 2026, down 6.0% year-on-year from 10.04% in Q1 2025, and up 10.74% quarter-over-quarter from 8.52% in Q4 2025.
Sherwin Williams has reported Net Margin for 18 years, with the latest figure at 9.44% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 6.0% year-over-year to 9.44%; the trailing twelve-month figure through Mar 2026 stood at 10.86% (down 77.0% YoY), and the FY2025 full-year result was 10.9%, down 71.0% from the prior year.
- Net Margin for Q1 2026 stood at 9.44%, up from 8.52% 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 10.29%, with a median of 9.5% recorded in 2025.
- Year-over-year, Net Margin surged 288 bps in 2023 and plunged 224 bps in 2025.
- Tracing SHW's Net Margin over 5 years: stood at 7.39% in 2022, then retreated 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 gained by 11 bps to 9.44% in 2026.
- The last three Net Margin figures came in at 9.44% (Q1 2026), 8.52% (Q4 2025), and 13.1% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 230.79 Bn | 226.84 Bn | 4.26 Bn | 3.95% |
| 2 | Chemical & Mining Co Of Chile | 127.66 Bn | 124.93 Bn | 778.60 Mn | 25.06% |
| 3 | Sherwin Williams | 72.51 Bn | 72.30 Bn | 2.78 Bn | 9.44% |
| 4 | Ecolab | 70.96 Bn | 70.34 Bn | 1.85 Bn | 13.55% |
| 5 | Air Products & Chemicals | 62.15 Bn | 63.70 Bn | 987.40 Mn | 22.85% |
| 6 | Ppg Industries | 25.04 Bn | 23.57 Bn | 1.66 Bn | - |
| 7 | LyondellBasell Industries | 21.62 Bn | 21.73 Bn | 701.00 Mn | 1.71% |
| 8 | Albemarle | 20.26 Bn | 19.42 Bn | 500.97 Mn | 28.46% |
| 9 | DuPont de Nemours | 19.45 Bn | 19.56 Bn | 602.00 Mn | 0.83% |
| 10 | International Flavors & Fragrances | 19.02 Bn | 18.49 Bn | 1.02 Bn | 6.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 12.06% |
| Mar 31, 2021 | 8.80% |
| Dec 31, 2020 | 9.07% |
| Sep 30, 2020 | 13.78% |
| Jun 30, 2020 | 12.94% |
| Mar 31, 2020 | 7.76% |
| Dec 31, 2019 | 6.04% |
| Sep 30, 2019 | 11.84% |
| Jun 30, 2019 | 9.66% |
| Mar 31, 2019 | 6.07% |
| Mar 31, 2018 | 6.31% |
| Dec 31, 2017 | 0.00% |
| Jun 30, 2017 | -1.11% |
| Mar 31, 2017 | 8.66% |
| Mar 31, 2016 | 6.41% |
| Dec 31, 2015 | 7.57% |
| Sep 30, 2015 | 11.83% |
| Jun 30, 2015 | 11.12% |
| Mar 31, 2015 | 5.34% |
| Dec 31, 2014 | 5.14% |
| Sep 30, 2014 | 10.29% |
| Jun 30, 2014 | 9.52% |
| Mar 31, 2014 | 4.86% |
| Dec 31, 2013 | 4.70% |
| Sep 30, 2013 | 9.18% |
| Jun 30, 2013 | 9.42% |
| Mar 31, 2013 | 5.33% |
| Dec 31, 2012 | 3.04% |
| Sep 30, 2012 | 8.95% |
| Jun 30, 2012 | 8.78% |
| Mar 31, 2012 | 4.65% |
| Dec 31, 2011 | 0.70% |
| Sep 30, 2011 | 7.15% |
| Jun 30, 2011 | 7.52% |
| Mar 31, 2011 | 3.65% |
| Dec 31, 2010 | 3.81% |
| Sep 30, 2010 | 7.98% |
| Jun 30, 2010 | 8.48% |
| Mar 31, 2010 | 2.08% |
| Dec 31, 2009 | 4.09% |
| Sep 30, 2009 | 8.77% |
| Jun 30, 2009 | 8.11% |