Sherwin-Williams Co (SHW)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,784,400 | 3,786,900 | 3,815,500 | 3,696,000 | 3,534,800 | 3,460,700 | 3,278,900 | 3,014,100 | 3,006,300 | 2,781,400 | 2,497,500 | 2,543,300 | 2,685,500 | 2,852,700 | 3,118,400 | 3,056,800 | 2,854,200 | 2,749,284 | 2,581,817 | 2,515,503 |
| 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 |
| Operating profit margin | 16.38% | 16.43% | 16.58% | 16.09% | 15.33% | 15.03% | 14.28% | 13.34% | 13.57% | 12.83% | 12.02% | 12.54% | 13.46% | 14.50% | 15.87% | 16.20% | 15.54% | 15.28% | 14.56% | 13.97% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,784,400K ÷ $23,098,500K
= 16.38%
Sherwin-Williams Co has shown fluctuations in its operating profit margin over the analyzed period. The operating profit margin increased steadily from 13.97% in March 2020 to a peak of 16.58% in June 2024. However, there were periods of decline in between, such as a decrease from 15.54% in December 2020 to 14.50% in September 2021.
It is important to note that despite the fluctuations, the company managed to maintain its operating profit margin above 12% throughout the period, indicating a consistent level of profitability relative to its operating expenses. The downward trend seen in the last quarters of 2022 stabilized and started to improve in the following quarters of 2023 and 2024, reaching levels close to the peak seen in mid-2024.
Overall, the operating profit margin of Sherwin-Williams Co reflects its ability to generate profit from its core operations, with a positive trend in recent periods indicating improved operational efficiency and profitability.
Peer comparison
Dec 31, 2024
See also:
Sherwin-Williams Co Operating Profit Margin (Quarterly Data)