Sherwin-Williams Co (SHW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,388,800 | 2,020,100 | 1,864,400 | 2,030,400 | 1,541,300 |
| Revenue | US$ in thousands | 22,560,300 | 21,735,200 | 19,493,500 | 18,002,200 | 17,900,800 |
| Net profit margin | 10.59% | 9.29% | 9.56% | 11.28% | 8.61% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,388,800K ÷ $22,560,300K
= 10.59%
Sherwin-Williams Co.'s net profit margin has shown some fluctuations over the past five years, ranging from 8.61% in 2019 to 11.06% in 2020, with the most recent figure standing at 10.36% as of December 31, 2023. The net profit margin indicates the company's ability to generate profit from its revenue after accounting for all costs and expenses. The increasing trend from 2019 to 2020 suggests improved efficiency in cost management or revenue generation, but the subsequent slight decrease in 2021 followed by a slight increase in 2023 indicates some variability. Overall, Sherwin-Williams Co. has maintained a healthy net profit margin above 9% in recent years, demonstrating successful operational performance in translating revenue into profit.
Peer comparison
Dec 31, 2023