Sherwin Williams (SHW) Net Margin (2009 - 2026)
Sherwin Williams (SHW) posted Net Margin of 11.97% for Q3 2026, down 1.13 percentage points from 13.10% a year earlier and down 0.46 percentage points from the prior quarter.
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Analysis
Sherwin Williams (SHW) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at Sherwin Williams was 10.74%, down 0.31 percentage points year-over-year; for FY2025, it came in at 10.90%, down 0.71 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -0.16 percentage points (FY2020 to FY2025).
- In prior years, Sherwin Williams' Net Margin was 11.61% in FY2024 (+1.25 pp), 10.36% in FY2023 (+1.24 pp), 9.12% in FY2022 (-0.23 pp) and 9.35% in FY2021 (-1.71 pp).
- Quarterly Net Margin has run from a low of 6.38% in Q4 2021 to a high of 14.19% in Q2 2024 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -0.14 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2023, with a gain of 2.88 percentage points; the weakest was Q4 2021, with a drop of 2.68 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 12.43% (Q2 2026), 9.44% (Q1 2026) and 8.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 239.54 Bn | 223.24 Bn | 4.44 Bn | 17.99% |
| 2 | Corning | 96.61 Bn | 88.91 Bn | 1.81 Bn | 14.01% |
| 3 | Sherwin Williams | 85.84 Bn | 84.86 Bn | 3.28 Bn | 11.97% |
| 4 | Air Products & Chemicals | 69.53 Bn | 72.40 Bn | - | - |
| 5 | LyondellBasell Industries | 39.13 Bn | 27.31 Bn | 1.50 Bn | 8.90% |
| 6 | Nutrien | 34.78 Bn | 31.35 Bn | 1.86 Bn | 4.75% |
| 7 | Ppg Industries | 27.48 Bn | 20.55 Bn | 1.76 Bn | 10.36% |
| 8 | Qnity Electronics | 25.83 Bn | 22.27 Bn | 743.00 Mn | 11.76% |
| 9 | Ati | 24.82 Bn | 22.90 Bn | 380.20 Mn | 13.33% |
| 10 | Dow | 22.79 Bn | 8.23 Bn | 1.38 Bn | 4.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.97% |
| 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% |
API Access
Sherwin Williams Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SHW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SHW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SHW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();