Sherwin Williams (SHW) Net Margin (2009 - 2026)
Sherwin Williams' (SHW) 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 (SHW) Net Margin (2009 - 2026) Analysis & Trends
Sherwin Williams' Net Margin history runs 18 years deep, the most recent figure standing at 9.44% for Q1 2026.
- On a quarterly basis, Net Margin fell 6.0% year-over-year to 9.44% in Q1 2026; TTM through Mar 2026 was 10.86%, a 77.0% decrease from a year earlier, with the FY2025 full-year figure at 10.9%, down 71.0% from the prior year.
- Net Margin rose to 9.44% in Q1 2026 per SHW's latest filing, from 8.52% in the prior quarter.
- Across five years, Net Margin topped out at 14.19% in Q2 2024 and bottomed at 6.78% in Q4 2023.
- The 5-year median for Net Margin is 9.5% (2025), against an average of 10.29%.
- Across the five-year window, Net Margin surged 288 bps in 2023 and plunged 224 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 7.39% in 2022, then dropped by 8 bps to 6.78% in 2023, then surged by 34 bps to 9.06% in 2024, then decreased by 6 bps to 8.52% in 2025, then rose by 11 bps to 9.44% in 2026.
- Per Business Quant, the three latest SHW Net Margin figures stand at 9.44% (Q1 2026), 8.52% (Q4 2025), and 13.1% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 237.95 Bn | 233.99 Bn | 4.26 Bn | 21.18% |
| 2 | Sherwin Williams | 78.17 Bn | 77.95 Bn | 2.78 Bn | 9.44% |
| 3 | Ecolab | 76.02 Bn | 75.37 Bn | 1.85 Bn | 24.04% |
| 4 | Air Products & Chemicals | 66.38 Bn | 65.43 Bn | 987.40 Mn | 22.85% |
| 5 | Ppg Industries | 26.02 Bn | 24.40 Bn | 1.66 Bn | - |
| 6 | LyondellBasell Industries | 22.51 Bn | 19.87 Bn | 701.00 Mn | 1.71% |
| 7 | Chemical & Mining Co Of Chile | 19.70 Bn | 15.83 Bn | 778.60 Mn | 22.89% |
| 8 | International Flavors & Fragrances | 19.51 Bn | 18.95 Bn | 1.02 Bn | 6.20% |
| 9 | DuPont de Nemours | 18.80 Bn | 18.71 Bn | 602.00 Mn | 0.83% |
| 10 | Rpm International | 13.63 Bn | 13.32 Bn | 950.03 Mn | 9.03% |
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% |