Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Sherwin-Williams Co., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands


Net Income
The net income exhibits a generally upward trend over the period from 2005 to 2024. Starting at approximately 463 million US dollars in 2005, it rises steadily with some fluctuations, peaking at about 1.77 billion in 2017. After a decline in 2018, net income resumes growth, reaching approximately 2.68 billion by 2024. Notably, there are periods of accelerated growth between 2013 and 2017, and again after 2019.
Net Sales
Net sales follow a consistent increasing trajectory throughout the years. Beginning at roughly 7.19 billion US dollars in 2005, sales experience steady expansion with occasional slower growth phases, such as between 2007 and 2009. Strong sales growth is observed particularly from 2012 onward, culminating in sales close to 23.1 billion by 2024. This trend indicates sustained market demand and potential expansion.
Net Profit Margin
The net profit margin percentage fluctuates across the years without a strictly linear progression. It starts at 6.44% in 2005 and generally improves, reaching a peak of 11.83% in 2017. Thereafter, the margin dips to around 6.32% in 2018 but recovers steadily, stabilizing above 9% from 2019 onward and reaching approximately 11.61% by 2024. These variations suggest operational efficiencies and profitability experience intermittent challenges but overall enhancement.
Overall Analysis
The company demonstrates robust growth in net sales and net income over the long term, along with improving profitability margins, particularly in the latter years analyzed. Temporary declines in net income and profit margin around 2018 signal possible operational or market challenges during that period. Nonetheless, the recovery and subsequent growth indicate effective management responses and a strong business model. The increasing net profit margin alongside rising net sales and income reflects enhanced cost control or improved pricing power.

Comparison to Competitors


Comparison to Sector (Chemicals)


Comparison to Industry (Materials)