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
DateValue
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%