• Sherwin-Williams average operating margin for 2023 was 15.1%, a 18.71% increase from 2022.
• Sherwin-Williams average operating margin for 2022 was 12.72%, a 11.91% increase from 2021.
• Sherwin-Williams average operating margin for 2021 was 14.44%, a 2.43% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.