TTM
49.1%
YoY change
+0.47pp
Trough year (1985)
37.3%
Peak year (2016)
49.9%
Latest annual
48.9%
Gross Margin history chart for Sherwin-Williams (SHW) from 1985 to 2025
Latest: 48.9%
Gross Margin change chart for Sherwin-Williams (SHW) from 1985 to 2025
Latest: +0.47pp
Gross Margin history table for Sherwin-Williams (SHW) from 1985 to 2025
| 2025 | 48.9% | +0.47pp | ||
| 2024 | 48.5% | +1.80pp | ||
| 2023 | 46.7% | +4.57pp | ||
| 2022 | 42.1% | -0.73pp | ||
| 2021 | 42.8% | -4.45pp | ||
| 2020 | 47.3% | +2.39pp | ||
| 2019 | 44.9% | +2.58pp | ||
| 2018 | 42.3% | -2.53pp | ||
| 2017 | 44.8% | -5.10pp | ||
| 2016 | 49.9% | +0.92pp | ||
| 2015 | 49.0% | +2.63pp | ||
| 2014 | 46.4% | +1.08pp | ||
| 2013 | 45.3% | +1.21pp | ||
| 2012 | 44.1% | +1.40pp | ||
| 2011 | 42.7% | -2.05pp | ||
| 2010 | 44.8% | -1.23pp | ||
| 2009 | 46.0% | +2.15pp | ||
| 2008 | 43.8% | -1.11pp | ||
| 2007 | 45.0% | +1.23pp | ||
| 2006 | 43.7% | +0.89pp | ||
| 2005 | 42.8% | -1.43pp | ||
| 2004 | 44.3% | -1.15pp | ||
| 2003 | 45.4% | +0.30pp | ||
| 2002 | 45.1% | +1.29pp | ||
| 2001 | 43.8% | -3.53pp | ||
| 2000 | 47.3% | -0.70pp | ||
| 1999 | 48.0% | +1.89pp | ||
| 1998 | 46.2% | +0.35pp | ||
| 1997 | 45.8% | +1.50pp | ||
| 1996 | 44.3% | -0.73pp | ||
| 1995 | 45.0% | +0.27pp | ||
| 1994 | 44.8% | +0.44pp | ||
| 1993 | 44.3% | -0.24pp | ||
| 1992 | 44.6% | +1.72pp | ||
| 1991 | 42.9% | -0.09pp | ||
| 1990 | 42.9% | +1.01pp | ||
| 1989 | 41.9% | +0.89pp | ||
| 1988 | 41.0% | -1.60pp | ||
| 1987 | 42.6% | +0.11pp | ||
| 1986 | 42.5% | +5.20pp | ||
| 1985 | 37.3% | — |
- 202548.9%+0.47pp
- 202448.5%+1.80pp
- 202346.7%+4.57pp
- 202242.1%-0.73pp
- 202142.8%-4.45pp
- 202047.3%+2.39pp
- 201944.9%+2.58pp
- 201842.3%-2.53pp
- 201744.8%-5.10pp
- 201649.9%+0.92pp
- 201549.0%+2.63pp
- 201446.4%+1.08pp
- 201345.3%+1.21pp
- 201244.1%+1.40pp
- 201142.7%-2.05pp
- 201044.8%-1.23pp
- 200946.0%+2.15pp
- 200843.8%-1.11pp
- 200745.0%+1.23pp
- 200643.7%+0.89pp
- 200542.8%-1.43pp
- 200444.3%-1.15pp
- 200345.4%+0.30pp
- 200245.1%+1.29pp
- 200143.8%-3.53pp
- 200047.3%-0.70pp
- 199948.0%+1.89pp
- 199846.2%+0.35pp
- 199745.8%+1.50pp
- 199644.3%-0.73pp
- 199545.0%+0.27pp
- 199444.8%+0.44pp
- 199344.3%-0.24pp
- 199244.6%+1.72pp
- 199142.9%-0.09pp
- 199042.9%+1.01pp
- 198941.9%+0.89pp
- 198841.0%-1.60pp
- 198742.6%+0.11pp
- 198642.5%+5.20pp
- 198537.3%—
Gross Margin values are taken from Sherwin-Williams's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Sherwin-Williams (SHW)
According to Sherwin-Williams's latest reported financial statements, the company's latest reported gross margin is 49.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Sherwin-Williams (SHW) most recent annual gross margin stands at 48.94% (2025) – expanded 0.5 percentage points year-over-year.
2016 marks the peak gross margin at 49.94%, with the historical low of 37.34% recorded in 1985.
Sherwin-Williams Gross Margin by Year
Sherwin-Williams Gross Margin 2025: 48.9%
2025's gross margin for Sherwin-Williams came in at 48.94%, expanded 0.5 percentage points from 2024.
Sherwin-Williams Gross Margin 2024: 48.5%
Sherwin-Williams posted gross margin of 48.47% in 2024, expanded 1.8 percentage points from 2023.
Sherwin-Williams Gross Margin 2023: 46.7%
In 2023, Sherwin-Williams reported gross margin of 46.67%, expanded 4.6 percentage points from 2022.
Sherwin-Williams Gross Margin 2022: 42.1%
Sherwin-Williams gross margin in 2022 was 42.10%, contracted 0.7 percentage points from 2021.
Sherwin-Williams Gross Margin 2021: 42.8%
Sherwin-Williams gross margin in 2021 was 42.83%.
See more financial history for Sherwin-Williams (SHW).
Sector peers by Gross Margin
Basic Materials peers of Sherwin-Williams (SHW), ranked by their latest gross margin
| 61.8% | |
| 60.4% | |
| 55.1% | |
| 46.0% | |
| 44.3% | |
| 35.6% | |
| 32.0% | |
| 27.8% |
- 55.1%
- 46.0%
- 44.3%
- 35.6%
Frequently asked questions
Sherwin-Williams (SHW) Key Financials
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