Sherwin-Williams Co (SHW)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,681,400 | 2,388,800 | 2,020,100 | 1,864,400 | 2,030,400 |
| Revenue | US$ in thousands | 23,098,500 | 23,051,900 | 22,148,900 | 19,944,600 | 18,361,700 |
| Net profit margin | 11.61% | 10.36% | 9.12% | 9.35% | 11.06% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,681,400K ÷ $23,098,500K
= 11.61%
Sherwin-Williams Co's net profit margin has shown some fluctuations over the past five years. In December 2020, the net profit margin was at 11.06%, indicating that for every dollar of sales, the company generated a net profit of $0.1106. However, by December 2021, this margin had decreased to 9.35%, suggesting a decline in profitability. The trend continued into December 2022, with the net profit margin further decreasing to 9.12%.
There was a positive turn in December 2023, as the net profit margin improved to 10.36%, showing a recovery in profitability. This positive trend continued into December 2024, with the net profit margin reaching 11.61%, indicating an increase in profitability to its highest level in the past five years.
Overall, while there were fluctuations in the net profit margin, Sherwin-Williams Co managed to improve profitability in the latter years, achieving a higher net profit margin by December 2024 compared to December 2020. This indicates the company's ability to adapt and enhance its profitability over time.
Peer comparison
Dec 31, 2024