Sherwin-Williams Co (SHW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 11,195,100 | 11,170,600 | 11,059,300 | 10,868,200 | 10,758,100 | 10,443,200 | 10,116,400 | 9,693,100 | 9,325,100 | 8,971,000 | 8,521,200 | 8,483,600 | 8,542,700 | 8,791,700 | 9,107,400 | 8,904,900 | 8,682,600 | 8,447,900 | 8,218,150 | 8,190,690 |
| Revenue (ttm) | US$ in thousands | 23,098,500 | 23,053,500 | 23,007,700 | 22,976,800 | 23,051,900 | 23,030,200 | 22,960,900 | 22,592,600 | 22,148,900 | 21,680,500 | 20,779,800 | 20,287,300 | 19,944,600 | 19,671,300 | 19,646,800 | 18,871,000 | 18,361,700 | 17,987,300 | 17,732,750 | 18,006,610 |
| Gross profit margin | 48.47% | 48.46% | 48.07% | 47.30% | 46.67% | 45.35% | 44.06% | 42.90% | 42.10% | 41.38% | 41.01% | 41.82% | 42.83% | 44.69% | 46.36% | 47.19% | 47.29% | 46.97% | 46.34% | 45.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,195,100K ÷ $23,098,500K
= 48.47%
Sherwin-Williams Co's gross profit margin has displayed some fluctuation over the years, starting at 45.49% as of March 31, 2020, and generally increasing to a peak of 48.47% by December 31, 2024. The trend saw an overall upward trajectory with a few fluctuations in between. Notably, there was a significant decline in the gross profit margin from September 30, 2021, to December 31, 2021, dropping from 44.69% to 42.83%.
From a high of 48.47% by the end of December 31, 2024, the gross profit margin showed stability and strength in the company's ability to generate revenue after accounting for the cost of goods sold. This positive trend indicates efficient cost management and pricing strategies that have helped improve profitability over the years.
Overall, Sherwin-Williams Co's gross profit margin performance reflects a generally positive trajectory with some fluctuations, showcasing the company's ability to maintain and improve profitability levels over the years.
Peer comparison
Dec 31, 2024