Sherwin Williams (SHW) Operating Margin (2009 - 2026)

Sherwin Williams' Operating Margin history runs 18 years deep, the most recent figure standing at 14.31% for Q1 2026.

• On a quarterly basis, Operating Margin fell 11.0% year-over-year to 14.31% in Q1 2026; TTM through Mar 2026 was 16.15%, a 37.0% decrease from a year earlier, with the FY2025 full-year figure at 16.21%, down 13.0% from the prior year.
• Operating Margin rose to 14.31% in Q1 2026 per SHW's latest filing, from 13.86% in the prior quarter.
• Across five years, Operating Margin topped out at 44.29% in Q2 2023 and bottomed at 11.38% in Q4 2022.
• The 5-year median for Operating Margin is 17.53% (2025), against an average of 21.39%.
• Biggest YoY gain for Operating Margin was 2208 bps in 2022; the steepest drop was 2579 bps in 2022.
• Year by year, Operating Margin stood at 11.38% in 2022, then increased by 16 bps to 13.19% in 2023, then slipped by 1 bps to 13.03% in 2024, then advanced by 6 bps to 13.86% in 2025, then increased by 3 bps to 14.31% in 2026.
• Per Business Quant, the three latest SHW Operating Margin figures stand at 14.31% (Q1 2026), 13.86% (Q4 2025), and 18.44% (Q3 2025).