Company / Gross Margin
Sherwin-Williams Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
48.9%
FY2025
5-year range
42.1% / 48.9%
FY2021-FY2025
Trend
+0.8%
vs FY2024
Sector context
#6 of 69
Materials
What the data says
Among 69 Materials companies, Sherwin-Williams is in the top 9% for gross margin. Gross Margin has increased for 3 consecutive years, from 42.1% in FY2022 to 48.9% in FY2025.
Based on SEC 10-K filings.
48.9% in FY2025 with a 5-year CAGR of +6.5%. Top quartile in the Materials sector.
Improved from 46.7% to 48.9% over the past 2 years.
Materials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +6.8pp
- 5-Year Change
- +6.5pp
- 10-Year Change
- -
Sector benchmark
Top 9% in MaterialsTop 9% of 69This company 48.9% Sector average 26.0%
▼
+88.1% above sector average
Key checks
Key Insights
- Sherwin-Williams's gross margin has grown for 3 consecutive years.
- In FY2025, gross margin increased 0.8% year-over-year.
- Currently 22.9pp above the Materials sector average.
- Peak gross margin was recorded in FY2018.
Company context
Key Data Points
- Altman Z-Score 1.01 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 58.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 48.9% | +0.8% |
| FY2024 | 48.5% | +3.9% |
| FY2023 | 46.7% | +10.9% |
| FY2022 | 42.1% | -6.2% |
| FY2021 | 44.9% | +6.1% |
| FY2020 | 42.3% | -5.6% |
| FY2019 | 44.8% | -10.2% |
| FY2018 | 49.9% | +11.4% |
| FY2017 | 44.8% | -10.2% |
| FY2016 | 49.9% | +10.2% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026