Sherwin-Williams Co (SHW)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,773,000 | 3,692,700 | 2,979,400 | 2,583,300 | 2,858,300 |
| Revenue | US$ in thousands | 23,098,500 | 23,051,900 | 22,148,900 | 19,944,600 | 18,361,700 |
| Operating profit margin | 16.33% | 16.02% | 13.45% | 12.95% | 15.57% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,773,000K ÷ $23,098,500K
= 16.33%
Sherwin-Williams Co's operating profit margin has shown some fluctuations over the past five years. In December 2020, the company's operating profit margin was at 15.57%, which slightly decreased to 12.95% by December 2021. However, the margin improved in the following years, reaching 13.45% by December 2022.
The trend continued to be positive as the operating profit margin further increased to 16.02% by December 2023 and to 16.33% by December 2024. This indicates that the company has been able to effectively manage its operating expenses in relation to its sales, resulting in higher operating profitability in recent years. Overall, the improving trend in operating profit margin reflects positively on Sherwin-Williams Co's operational efficiency and profitability.
Peer comparison
Dec 31, 2024