Sherwin Williams (SHW) Operating Margin (2009 - 2026)
Sherwin Williams (SHW) posted quarterly Operating Margin of 18.18% for Q2 2026, up 65.0% year-over-year from 11.02% in Q2 2025, and up 27.05% quarter-over-quarter from 14.31% in Q1 2026.
Sherwin Williams (SHW) Operating Margin (2009 - 2026) Analysis & Trends
Sherwin Williams' Operating Margin history runs 18 years deep, the most recent figure standing at 18.18% for Q2 2026.
- In Q2 2026, Operating Margin rose 65.0% year-over-year to 18.18%; the TTM figure through Jun 2026 stood at 16.36% (up 35.0% YoY), while the FY2025 annual figure was 16.21%, down 13.0% from the prior year.
- Operating Margin for Q2 2026 stood at 18.18%, up from 14.31% in the prior quarter.
- The five-year high for Operating Margin was 19.42% in Q2 2024, with the low at 11.35% in Q1 2022.
- The 5-year median for Operating Margin is 14.46% (2025), against an average of 15.44%.
- Peak annual rise in Operating Margin reached 864 bps in 2022, while the deepest fall reached 553 bps in 2022.
- Sherwin Williams' Operating Margin stood at 11.38% in 2022, then gained by 16 bps to 13.19% in 2023, then decreased by 1 bps to 13.03% in 2024, then gained by 6 bps to 13.86% in 2025, then jumped by 31 bps to 18.18% in 2026.
- Business Quant data shows SHW's Operating Margin at 18.18% in Q2 2026, 14.31% in Q1 2026, and 13.86% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 225.67 Bn | 220.77 Bn | 4.43 Bn | 27.49% |
| 2 | Sherwin Williams | 84.74 Bn | 84.44 Bn | 3.34 Bn | 18.18% |
| 3 | Ecolab | 78.90 Bn | 73.77 Bn | 1.95 Bn | 17.16% |
| 4 | Air Products & Chemicals | 68.19 Bn | 67.21 Bn | 1.04 Bn | -66.34% |
| 5 | Ppg Industries | 25.36 Bn | 23.77 Bn | 1.81 Bn | 14.73% |
| 6 | Chemical & Mining Co Of Chile | 23.48 Bn | 19.61 Bn | 778.60 Mn | 47.01% |
| 7 | LyondellBasell Industries | 21.91 Bn | 19.28 Bn | 2.04 Bn | 16.81% |
| 8 | International Flavors & Fragrances | 21.51 Bn | 20.94 Bn | 853.00 Mn | 8.09% |
| 9 | DuPont de Nemours | 18.83 Bn | 17.09 Bn | 639.00 Mn | 18.03% |
| 10 | Albemarle | 16.94 Bn | 15.31 Bn | 590.30 Mn | 33.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.18% |
| Mar 31, 2026 | 14.31% |
| Dec 31, 2025 | 13.86% |
| Sep 30, 2025 | 18.44% |
| Jun 30, 2025 | 17.53% |
| Mar 31, 2025 | 14.42% |
| Dec 31, 2024 | 13.03% |
| Sep 30, 2024 | 18.40% |
| Jun 30, 2024 | 19.42% |
| Mar 31, 2024 | 13.62% |
| Dec 31, 2023 | 13.19% |
| Sep 30, 2023 | 18.96% |
| Jun 30, 2023 | 17.82% |
| Mar 31, 2023 | 13.37% |
| Dec 31, 2022 | 11.38% |
| Sep 30, 2022 | 16.20% |
| Jun 30, 2022 | 14.50% |
| Mar 31, 2022 | 11.35% |
| Dec 31, 2021 | 2.74% |
| Sep 30, 2021 | 14.97% |