Sherwin-Williams Co (SHW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,109,900 | 3,130,800 | 2,999,000 | 2,726,800 | 2,573,100 | 2,387,100 | 2,121,400 | 2,200,700 | 2,248,600 | 2,443,600 | 2,707,700 | 2,635,900 | 2,519,200 | 2,312,700 | 2,146,900 | 2,075,200 | 1,981,800 | 1,786,533 | 1,492,659 | 1,355,041 |
| 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 |
| Pretax margin | 13.79% | 13.86% | 13.31% | 12.31% | 11.84% | 11.16% | 10.35% | 10.99% | 11.48% | 12.66% | 14.05% | 14.25% | 13.93% | 13.06% | 12.24% | 11.60% | 11.07% | 10.01% | 8.43% | 7.69% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,109,900K ÷ $22,557,900K
= 13.79%
Sherwin-Williams Co.'s pretax margin has shown a positive trend over the past eight quarters, reflecting the company's ability to effectively manage its operating expenses relative to its revenue. The pretax margin increased from 10.85% in Q1 2022 to 13.49% in Q4 2023, indicating improving efficiency in generating earnings before taxes. This steady improvement suggests that Sherwin-Williams has been successful in controlling costs and optimizing its operational performance. The company's consistent pretax margin expansion is a positive indicator of its financial health and ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023