The Sherwin-Williams Company

SHW Basic Materials Specialty Chemicals

The Sherwin-Williams Company’s revenue for fiscal 2025 (year ended December 2025) was $23.6 billion, up 2.06% from fiscal 2024.

Revenue
+7.89%
EPS
+0.89%
Free cash flow
−12.2%
Total debt
+2.43%

Quarter to September 2026, against a year earlier

349.94 13.56 −3.73%
Market cap
$84.3B
P/E
31.8×
Fwd P/E
29.9×
Dividend yield
0.91%
F-score
6/9
Altman Z
3.67
Beneish M
−2.50
Dividend safety
89/100

The Sherwin-Williams Company (SHW) Net margin

Alert me on Net margin

The Sherwin-Williams Company's net margin over the twelve months to 30 September 2026 was 10.7%, down 0.2 percentage points from fiscal 2025 (10.9%). Over the past ten years it has ranged from 6.32% (fiscal 2018) to 11.6% (fiscal 2024); the current reading is higher than 73% of that period. That is above the Specialty Chemicals industry median of 4.19% and above the Basic Materials sector median of 1.42%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.9% (0.71)
FY2024 11.6% 1.25
FY2023 10.4% 1.24
FY2022 9.12% (0.23)
FY2021 9.35% (1.71)
FY2020 11.1% 2.45
FY2019 8.61% 2.29
FY2018 6.32% (5.21)
FY2017 11.5% 1.98
FY2016 9.55% 0.26

Quarterly newest first

Period Net margin Change (points)
Sep 2026 12.0% (0.46)
Jun 2026 12.4% 2.99
Mar 2026 9.44% 0.92
Dec 2025 8.52% (4.58)
43 more quarters

Against its own ten years

Low 6.32% High 11.6%
Ten-year median 9.55%
Current reading's percentile 70

Net margin against peers

Company Net margin
LIN Linde PLC compare 19.3%
ECL Ecolab Inc. compare 12.0%
SHW The Sherwin-Williams Company 10.7%
PPG PPG Industries, Inc. compare 9.41%
RPM RPM International Inc. compare 8.63%
DD DuPont de Nemours, Inc. compare 4.26%
LYB LyondellBasell Industries N.V. compare 4.05%
IFF International Flavors & Fragrances Inc. compare 1.67%
APD Air Products and Chemicals, Inc. compare −0.38%
Specialty Chemicals industry median 4.19%
Basic Materials sector median 1.42%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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