SHERWIN WILLIAMS CO (SHW) closed fiscal year 2025 with a gross margin of 48.8 % and a net margin of 10.9 %.
SHERWIN WILLIAMS CO (SHW) closed fiscal year 2025 with a gross margin of 48.8 % and a net margin of 10.9 %. The same year shows an EBITDA margin of 19.0 % and an EBIT margin of 16.1 %. The free cash flow margin was 11.3 %. Against the previous year the gross margin moved +0.4 pp and the net margin −0.7 pp. Across the period the gross margin ranges between 42.1 % in 2022 and 49.9 % in 2016. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 44.96 % | 43.85 % | 46.00 % | 44.76 % | 42.72 % | 44.12 % | 45.32 % | 46.40 % | 49.03 % | 49.94 % | 44.84 % | 42.31 % | 44.89 % | 47.29 % | 42.83 % | 42.10 % | 46.67 % | 48.47 % | 48.85 % |
| EBITDA margin (%) | — | — | — | 14.45 % | 13.30 % | 15.59 % | 16.00 % | 17.02 % | 19.06 % | 19.92 % | 18.20 % | 18.29 % | 18.90 % | 21.54 % | 18.33 % | 17.96 % | 20.75 % | 19.44 % | 19.00 % |
| EBIT margin (%) | — | — | — | 12.19 % | 11.24 % | 13.71 % | 14.16 % | 15.23 % | 17.31 % | 18.25 % | 14.92 % | 14.89 % | 15.69 % | 18.37 % | 15.46 % | 15.34 % | 18.05 % | 16.74 % | 16.13 % |
| Net margin (%) | 7.69 % | 5.98 % | 6.14 % | 5.95 % | 5.04 % | 6.62 % | 7.39 % | 7.78 % | 9.29 % | 9.55 % | 11.53 % | 6.32 % | 8.61 % | 11.06 % | 9.35 % | 9.12 % | 10.36 % | 11.61 % | 10.90 % |
| FCF margin (%) | 8.85 % | 9.51 % | 10.82 % | 7.48 % | 6.64 % | 7.66 % | 9.00 % | 7.92 % | 10.70 % | 9.02 % | 11.09 % | 9.65 % | 11.13 % | 16.91 % | 9.39 % | 5.76 % | 11.42 % | 9.02 % | 11.26 % |
