The Sherwin-Williams Company (SHW) Operating Margin: 16.14%
Is The Sherwin-Williams Company’s operating margin high or low?
The Sherwin-Williams Company's operating margin of 16.14% is in line with its 5-year average of 15.09%, near the high end of its 5-year range (13.36%–16.29%).
The operating margin for The Sherwin-Williams Company (SHW) is 16.14% as of Wednesday, June 10, 2026. It is below its 12-month average by 0.46% (16.21%).
SHW Operating Margin Chart
SHW Average Operating Margin Chart
SHW Current vs Average Operating Margin Chart
SHW Operating Margin Metrics
OPERATING MARGIN
16.14%
OPERATING MARGIN AVG TTM
16.21%
OPERATING MARGIN AVG 3Y
15.41%
OPERATING MARGIN AVG 5Y
15.09%
OPERATING MARGIN AVG 10Y
14.08%
OPERATING MARGIN AVG 15Y
12.89%
OPERATING MARGIN AVG 20Y
12.42%
CURRENT VS TTM AVG
-0.46%
CURRENT VS 3Y AVG
+4.77%
CURRENT VS 5Y AVG
+6.98%
CURRENT VS 10Y AVG
+14.63%
CURRENT VS 15Y AVG
+25.23%
CURRENT VS 20Y AVG
+29.95%
SHW Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Sherwin-Williams Company (SHW) | — | 16.14% | 16.21% | 15.41% | 15.09% |
| Ecolab Inc. (ECL) | $74.42B | 18.11% | 17.36% | 15.04% | 14.65% |
| Air Products and Chemicals, Inc. (APD) | $63.01B | -7.29% | 14.81% | 16.96% | 19.20% |
| Freeport-McMoRan Inc. (FCX) | $92.36B | 24.44% | 25.70% | 27.64% | 26.53% |
| Nucor Corporation (NUE) | $57.92B | 8.18% | 8.93% | 15.28% | 14.44% |
| Newmont Corporation (NEM) | $105.20B | 46.85% | 38.91% | 24.23% | 23.10% |
| Vulcan Materials Company (VMC) | $36.20B | 20.06% | 19.23% | 17.45% | 17.74% |
| DuPont de Nemours, Inc. (DD) | $19.29B | 12.56% | 13.66% | 14.27% | 14.36% |
| Alcoa Corporation (AA) | $19.11B | 7.62% | 8.60% | 7.57% | 9.16% |
| United States Steel Corporation (X) | $12.42B | 1.53% | 6.03% | 12.42% | 7.18% |
Operating Efficiency
Gross Margin
48.9%
Operating Margin
16.1%
The Sherwin-Williams Company Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Sherwin-Williams Company Operating Margin FAQ
- What is the operating margin for The Sherwin-Williams Company (SHW)?
- The operating margin for SHW stock is 16.14%.
- Is The Sherwin-Williams Company's operating margin high or low?
- The Sherwin-Williams Company's operating margin of 16.14% is in line with its 5-year average of 15.09%, near the high end of its 5-year range (13.36%–16.29%).
- What is the TTM average operating margin for The Sherwin-Williams Company (SHW)?
- The TTM average operating margin for SHW stock is 16.21%.
- What is the 3Y average operating margin for The Sherwin-Williams Company (SHW)?
- The 3Y average operating margin for SHW stock is 15.41%.
- What is the 5Y average operating margin for The Sherwin-Williams Company (SHW)?
- The 5Y average operating margin for SHW stock is 15.09%.
- What is the 10Y average operating margin for The Sherwin-Williams Company (SHW)?
- The 10Y average operating margin for SHW stock is 14.08%.
- What is the 15Y average operating margin for The Sherwin-Williams Company (SHW)?
- The 15Y average operating margin for SHW stock is 12.89%.
- What is the 20Y average operating margin for The Sherwin-Williams Company (SHW)?
- The 20Y average operating margin for SHW stock is 12.42%.
The Sherwin-Williams Company Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 16.14% |
| 2024-12-31 | 16.29% |
| 2023-12-31 | 15.64% |
| 2022-12-31 | 13.55% |
| 2021-12-31 | 13.36% |
| 2020-12-31 | 15.54% |
| 2019-12-31 | 13.55% |
| 2018-12-31 | 10.78% |
| 2017-12-31 | 11.34% |
| 2016-12-31 | 14.45% |
| 2015-12-31 | 14.24% |
| 2014-12-31 | 11.73% |
| 2013-12-31 | 11.31% |
| 2012-12-31 | 9.86% |
| 2011-12-31 | 8.84% |
| 2010-12-31 | 9.59% |
| 2009-12-31 | 9.79% |
| 2008-12-31 | 10.48% |
| 2007-12-31 | 12.30% |
| 2006-12-31 | 11.55% |
| 2005-12-31 | 10.49% |
| 2004-12-31 | 10.36% |
| 2003-12-31 | 10.61% |
| 2002-12-31 | 10.69% |
| 2001-12-31 | 9.67% |
| 2000-12-31 | 10.88% |
| 1999-12-31 | 11.49% |
| 1998-12-31 | 10.77% |
| 1997-12-31 | 10.72% |
| 1996-12-31 | 10.13% |