Sherwin-Williams Co (SHW)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,161,700 | 4,056,900 | 3,853,400 | 3,581,800 | 3,397,200 | 3,214,400 | 2,936,800 | 2,971,000 | 3,083,700 | 3,332,900 | 3,616,200 | 3,555,800 | 3,373,800 | 3,092,700 | 2,907,700 | 2,876,600 | 2,808,800 | 2,874,773 | 2,725,320 | 2,626,914 |
| 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 |
| Operating profit margin | 18.45% | 17.96% | 17.10% | 16.16% | 15.63% | 15.03% | 14.32% | 14.83% | 15.75% | 17.26% | 18.76% | 19.22% | 18.66% | 17.47% | 16.58% | 16.08% | 15.69% | 16.10% | 15.38% | 14.92% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $4,161,700K ÷ $22,557,900K
= 18.45%
Based on the data provided, Sherwin-Williams Co. has demonstrated a consistent improvement in its operating profit margin over the past eight quarters. The operating profit margin has steadily increased from 12.44% in Q1 2022 to 15.67% in Q4 2023. This indicates that the company has been able to effectively control its operating expenses and generate more profit from its core business activities over time.
The upward trend in the operating profit margin suggests that Sherwin-Williams Co. is managing its operations efficiently and effectively. With each quarter showing an improvement in the operating profit margin, the company appears to be making sound operational decisions and optimizing its resources to enhance profitability.
Overall, the increasing operating profit margin reflects positively on Sherwin-Williams Co.'s ability to grow its bottom line and create value for its shareholders through improved operational performance.
Peer comparison
Dec 31, 2023
See also:
Sherwin-Williams Co Operating Profit Margin (Quarterly Data)