Sherwin-Williams Company (The) (SHW) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 49.1%
EBITDA Margin: 14.5%
Op. Margin: 12.7%
Net Margin: 9.4%

Op. margin of 12.7% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 9.4% and gross margin of 49.1% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit