Sherwin Williams annual gross margin
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2025
Sherwin Williams Gross Margin Growth & History (SHW)
Sherwin Williams's gross margin was 48.85% for fiscal 2025.
View full Sherwin Williams company overviewSherwin Williams annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 48.85% | +0.38 pp |
| 2024 | 2024-12-31 | 48.47% | +1.80 pp |
| 2023 | 2023-12-31 | 46.67% | +4.57 pp |
| 2022 | 2022-12-31 | 42.10% | −0.73 pp |
| 2021 | 2021-12-31 | 42.83% | −4.45 pp |
| 2020 | 2020-12-31 | 47.29% | +2.39 pp |
| 2019 | 2019-12-31 | 44.89% | +2.58 pp |
| 2018 | 2018-12-31 | 42.31% | −2.53 pp |
| 2017 | 2017-12-31 | 44.84% | −5.10 pp |
| 2016 | 2016-12-31 | 49.94% | +0.91 pp |
| 2015 | 2015-12-31 | 49.03% | +2.63 pp |
| 2014 | 2014-12-31 | 46.40% | +1.08 pp |
| 2013 | 2013-12-31 | 45.32% | +1.20 pp |
| 2012 | 2012-12-31 | 44.12% | +1.40 pp |
| 2011 | 2011-12-31 | 42.72% | −2.05 pp |
| 2010 | 2010-12-31 | 44.76% | −1.23 pp |
| 2009 | 2009-12-31 | 46.00% | +2.15 pp |
| 2008 | 2008-12-31 | 43.85% | −1.11 pp |
| 2007 | 2007-12-31 | 44.96% | — |
Sherwin Williams quarterly gross margin
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Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 49.17% | −0.22 pp |
| Q1 2026 | 2026-03-31 | 49.07% | +0.83 pp |
| Q4 2025 | 2025-12-31 | 48.47% | −0.10 pp |
| Q3 2025 | 2025-09-30 | 49.16% | +0.03 pp |
| Q2 2025 | 2025-06-30 | 49.38% | +0.54 pp |
| Q1 2025 | 2025-03-31 | 48.23% | +1.08 pp |
| Q4 2024 | 2024-12-31 | 48.58% | +0.05 pp |
| Q3 2024 | 2024-09-30 | 49.13% | +1.45 pp |
| Q2 2024 | 2024-06-30 | 48.85% | +2.82 pp |
| Q1 2024 | 2024-03-31 | 47.16% | +2.67 pp |
| Q4 2023 | 2023-12-31 | 48.53% | +5.82 pp |
| Q3 2023 | 2023-09-30 | 47.68% | +4.86 pp |
| Q2 2023 | 2023-06-30 | 46.03% | +4.32 pp |
| Q1 2023 | 2023-03-31 | 44.48% | +3.41 pp |
| Q4 2022 | 2022-12-31 | 42.71% | +3.24 pp |
| Q3 2022 | 2022-09-30 | 42.82% | +1.25 pp |
| Q2 2022 | 2022-06-30 | 41.70% | −3.12 pp |
| Q1 2022 | 2022-03-31 | 41.07% | −4.29 pp |
| Q4 2021 | 2021-12-31 | 39.47% | −7.95 pp |
| Q3 2021 | 2021-09-30 | 41.57% | −6.36 pp |
| Q2 2021 | 2021-06-30 | 44.82% | −3.15 pp |
| Q1 2021 | 2021-03-31 | 45.36% | −0.21 pp |
| Q4 2020 | 2020-12-31 | 47.42% | +1.39 pp |
| Q3 2020 | 2020-09-30 | 47.93% | +2.21 pp |
| Q2 2020 | 2020-06-30 | 47.98% | +3.26 pp |
| Q1 2020 | 2020-03-31 | 45.57% | +2.63 pp |
| Q4 2019 | 2019-12-31 | 46.03% | +4.63 pp |
| Q3 2019 | 2019-09-30 | 45.72% | +3.23 pp |
| Q2 2019 | 2019-06-30 | 44.72% | +2.02 pp |
| Q1 2019 | 2019-03-31 | 42.94% | +0.40 pp |
| Q4 2018 | 2018-12-31 | 41.40% | −2.30 pp |
| Q3 2018 | 2018-09-30 | 42.49% | +0.29 pp |
| Q2 2018 | 2018-06-30 | 42.70% | −3.73 pp |
| Q1 2018 | 2018-03-31 | 42.54% | −6.09 pp |
| Q4 2017 | 2017-12-31 | 43.71% | −6.15 pp |
| Q3 2017 | 2017-09-30 | 42.20% | −7.70 pp |
| Q2 2017 | 2017-06-30 | 46.43% | −4.38 pp |
| Q1 2017 | 2017-03-31 | 48.64% | −0.38 pp |
| Q4 2016 | 2016-12-31 | 49.85% | −0.93 pp |
| Q3 2016 | 2016-09-30 | 49.90% | −0.05 pp |
| Q2 2016 | 2016-06-30 | 50.81% | +1.96 pp |
| Q1 2016 | 2016-03-31 | 49.02% | +2.80 pp |
| Q4 2015 | 2015-12-31 | 50.79% | +3.39 pp |
| Q3 2015 | 2015-09-30 | 49.95% | +3.26 pp |
| Q2 2015 | 2015-06-30 | 48.85% | +2.52 pp |
| Q1 2015 | 2015-03-31 | 46.22% | +1.18 pp |
| Q4 2014 | 2014-12-31 | 47.39% | +1.65 pp |
| Q3 2014 | 2014-09-30 | 46.69% | +1.18 pp |
| Q2 2014 | 2014-06-30 | 46.32% | +0.87 pp |
| Q1 2014 | 2014-03-31 | 45.04% | +0.61 pp |
| Q4 2013 | 2013-12-31 | 45.74% | +0.93 pp |
| Q3 2013 | 2013-09-30 | 45.51% | +1.33 pp |
| Q2 2013 | 2013-06-30 | 45.45% | +0.74 pp |
| Q1 2013 | 2013-03-31 | 44.43% | +1.84 pp |
| Q4 2012 | 2012-12-31 | 44.81% | +2.02 pp |
| Q3 2012 | 2012-09-30 | 44.19% | +2.40 pp |
| Q2 2012 | 2012-06-30 | 44.72% | +1.28 pp |
| Q1 2012 | 2012-03-31 | 42.59% | −0.38 pp |
| Q4 2011 | 2011-12-31 | 42.79% | −1.82 pp |
| Q3 2011 | 2011-09-30 | 41.78% | −2.94 pp |
| Q2 2011 | 2011-06-30 | 43.43% | −1.92 pp |
| Q1 2011 | 2011-03-31 | 42.97% | −1.23 pp |
| Q4 2010 | 2010-12-31 | 44.61% | −2.81 pp |
| Q3 2010 | 2010-09-30 | 44.73% | −1.79 pp |
| Q2 2010 | 2010-06-30 | 45.35% | −0.62 pp |
| Q1 2010 | 2010-03-31 | 44.20% | +0.31 pp |
| Q4 2009 | 2009-12-31 | 47.42% | +5.09 pp |
| Q3 2009 | 2009-09-30 | 46.52% | +2.88 pp |
| Q2 2009 | 2009-06-30 | 45.97% | — |
| Q1 2009 | 2009-03-31 | 43.89% | — |
| Q3 2008 | 2008-09-30 | 42.34% | — |
| Q2 2008 | 2008-06-30 | 43.64% | — |
Sherwin Williams gross margin trends
Over the last five reported fiscal years, Sherwin Williams's gross margin increased from 47.29% to 48.85%, a change of +1.56 percentage points. The latest reported quarter, Q2 2026, shows 49.17%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Sherwin Williams filings at SEC.gov ↗