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. In the quarter to June 2026, revenue grew 7.52%, EPS grew 13.8%, free cash flow grew 33.7% and total debt rose 13.0%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for ten.
Follow SHW
The Sherwin-Williams Company (SHW) Net margin
The Sherwin-Williams Company's net margin over the twelve months to 30 June 2026 was 11.0%, up 0.1 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 2.89% and above the Basic Materials sector median of 0.66%.
Net margin, annual
Embed this chart
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) |
|---|---|---|
| Jun 2026 | 12.4% | 2.99 |
| Mar 2026 | 9.44% | 0.92 |
| Dec 2025 | 8.52% | (4.58) |
| Sep 2025 | 13.1% | 1.15 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| LIN Linde PLC compare | 20.4% |
| ECL Ecolab Inc. compare | 12.6% |
| SHW The Sherwin-Williams Company | 11.0% |
| PPG PPG Industries, Inc. compare | 9.57% |
| RPM RPM International Inc. compare | 8.63% |
| IFF International Flavors & Fragrances Inc. compare | 2.56% |
| DD DuPont de Nemours, Inc. compare | 0.79% |
| APD Air Products and Chemicals, Inc. compare | −0.38% |
| LYB LyondellBasell Industries N.V. compare | −1.13% |
| Specialty Chemicals industry median | 2.89% |
| Basic Materials sector median | 0.66% |
| Market median | 0.45% |
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
More on SHW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement