Sherwin-Williams Co (SHW)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,388,800 | 2,418,900 | 2,342,500 | 2,126,700 | 2,020,100 | 1,937,800 | 1,754,900 | 1,825,600 | 1,864,400 | 1,967,400 | 2,171,000 | 2,118,300 | 2,030,400 | 1,872,000 | 1,742,700 | 1,617,800 | 1,541,300 | 1,393,700 | 1,171,200 | 1,103,800 |
| Revenue (ttm) | US$ in thousands | 22,557,900 | 22,588,100 | 22,534,900 | 22,159,400 | 21,735,200 | 21,387,100 | 20,505,700 | 20,027,700 | 19,578,700 | 19,305,400 | 19,277,600 | 18,501,700 | 18,080,200 | 17,705,800 | 17,534,900 | 17,893,700 | 17,900,800 | 17,850,600 | 17,714,400 | 17,610,400 |
| Net profit margin | 10.59% | 10.71% | 10.39% | 9.60% | 9.29% | 9.06% | 8.56% | 9.12% | 9.52% | 10.19% | 11.26% | 11.45% | 11.23% | 10.57% | 9.94% | 9.04% | 8.61% | 7.81% | 6.61% | 6.27% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,388,800K ÷ $22,557,900K
= 10.59%
To analyze Sherwin-Williams Co.'s net profit margin over the past several quarters, we observe a consistent trend of improvement in profitability. The net profit margin has been steadily increasing from 8.45% in Q2 2022 to 10.36% in Q4 2023. This indicates that the company has been effectively managing its costs and generating higher profits relative to its revenue.
The company's ability to maintain and enhance its net profit margin over these periods suggests efficient operations and effective cost controls. The slight fluctuations in the margin from quarter to quarter are normal for a company of this size operating in a dynamic market environment.
Overall, Sherwin-Williams Co. has demonstrated a positive trend in net profit margin performance, which is a key indicator of its financial health and operational efficiency. Continued monitoring of this metric will be essential to assess the company's ongoing profitability and sustainability.
Peer comparison
Dec 31, 2023