Sherwin-Williams Co (SHW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,195,100 | 10,758,100 | 9,325,100 | 8,542,700 | 8,682,600 |
| Revenue | US$ in thousands | 23,098,500 | 23,051,900 | 22,148,900 | 19,944,600 | 18,361,700 |
| Gross profit margin | 48.47% | 46.67% | 42.10% | 42.83% | 47.29% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,195,100K ÷ $23,098,500K
= 48.47%
Based on the data provided, Sherwin-Williams Co's gross profit margin has experienced fluctuations over the years. The trend indicates a decline from 47.29% as of December 31, 2020, to 42.83% as of December 31, 2021, and further to 42.10% as of December 31, 2022. However, there was a notable improvement in the gross profit margin to 46.67% as of December 31, 2023, and a subsequent increase to 48.47% as of December 31, 2024.
The fluctuations in the gross profit margin suggest that Sherwin-Williams Co may have experienced varying levels of profitability in its core business activities over the years. A declining gross profit margin could indicate challenges in controlling production costs or managing pricing strategies. Conversely, an increasing gross profit margin usually suggests improved efficiency in operations or stronger pricing power in the market.
It is essential for stakeholders to closely monitor Sherwin-Williams Co's gross profit margin trend to assess the company's ability to generate profits from its core business operations and to evaluate the effectiveness of its cost management strategies and pricing decisions.
Peer comparison
Dec 31, 2024