GWW · W.w. Grainger, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $17.94B | $17.17B | $16.48B | $15.23B | $13.02B | $11.80B |
| Cost of Revenue | $10.93B | $10.41B | $9.98B | $9.38B | $8.30B | $7.56B |
| Gross Profit | $7.01B | $6.76B | $6.50B | $5.85B | $4.72B | $4.24B |
| R&D | - | - | - | - | - | - |
| SG&A | $4.51B | $4.12B | $3.93B | $3.63B | $3.17B | $3.22B |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $330.00M | $311.00M | $277.00M | $206.00M | $169.00M | $182.00M |
| Operating Income | $2.50B | $2.64B | $2.56B | $2.21B | $1.55B | $1.02B |
| Interest Expense | $77.00M | - | - | - | - | - |
| Income Tax | $622.00M | $595.00M | $597.00M | $533.00M | $371.00M | $192.00M |
| Net Income | $1.71B | $1.91B | $1.83B | $1.55B | $1.04B | $695.00M |
| EPS - Basic | $35.47 | $38.84 | $36.39 | $30.22 | $19.94 | $12.88 |
| EPS - Diluted | $35.40 | $38.71 | $36.23 | $30.06 | $19.84 | $12.82 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $585.00M | $1.04B | $660.00M | $325.00M | $241.00M | $585.00M |
| Accounts Receivable | $2.33B | $2.23B | $2.19B | $2.13B | $1.75B | $1.47B |
| Inventory | $2.39B | $2.31B | $2.27B | $2.25B | $1.87B | $1.73B |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $5.48B | $5.74B | $5.27B | $4.98B | $4.01B | $3.92B |
| Total Assets | $8.96B | $8.83B | $8.15B | $7.59B | $6.59B | $6.29B |
| Current Liabilities | $1.94B | $2.31B | $1.83B | $2.01B | $1.53B | $1.44B |
| Long-term Debt | $2.36B | $2.28B | $2.27B | $2.28B | $2.36B | $2.39B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $3.74B | $3.36B | $3.12B | $2.44B | $1.87B | $1.83B |
| Retained Earnings | $14.96B | $13.68B | $12.16B | $10.70B | $9.50B | $8.78B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.02B | $2.11B | $2.03B | $1.33B | $937.00M | $1.12B |
| Investing Cash Flow | ($645.00M) | ($520.00M) | ($422.00M) | ($263.00M) | ($226.00M) | ($179.00M) |
| Financing Cash Flow | ($1.82B) | ($1.18B) | ($1.28B) | ($972.00M) | ($1.04B) | ($726.00M) |
| CapEx | $684.00M | $541.00M | $445.00M | $256.00M | $255.00M | $197.00M |
| Free Cash Flow | $1.33B | $1.57B | $1.59B | $1.08B | $682.00M | $926.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 39.1% | 39.4% | 39.4% | 38.4% | 36.2% | 35.9% |
| Operating margin | 13.9% | 15.4% | 15.6% | 14.5% | 11.9% | 8.6% |
| EBITDA margin | 15.7% | 17.2% | 17.2% | 15.9% | 13.2% | 10.2% |
| Net margin | 9.5% | 11.1% | 11.1% | 10.2% | 8.0% | 5.9% |
| Free cash flow margin | 7.4% | 9.1% | 9.6% | 7.1% | 5.2% | 7.8% |
| FCF / Net income | 0.78 | 0.82 | 0.87 | 0.70 | 0.65 | 1.33 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 25.2% | 24.0% | 23.9% | 23.9% | 24.4% | 27.3% |
| Effective tax rate | 26.7% | 23.8% | 24.6% | 25.6% | 26.2% | 21.6% |
| Return on assets | 19.0% | 21.6% | 22.4% | 20.4% | 15.8% | 11.0% |
| Return on equity | 45.7% | 56.8% | 58.7% | 63.4% | 55.7% | 38.0% |
| Return on invested capital | 30.0% | 35.7% | 35.9% | 34.9% | 26.9% | 18.9% |
| Liquidity | ||||||
| Current ratio | 2.83 | 2.49 | 2.88 | 2.48 | 2.63 | 2.72 |
| Quick ratio | 1.59 | 1.49 | 1.64 | 1.36 | 1.40 | 1.52 |
| Cash ratio | 0.30 | 0.45 | 0.36 | 0.16 | 0.16 | 0.41 |
| Leverage | ||||||
| Debt / Equity | 0.63 | 0.68 | 0.73 | 0.94 | 1.26 | 1.31 |
| Debt / Assets | 0.26 | 0.26 | 0.28 | 0.30 | 0.36 | 0.38 |
| Debt / EBITDA | 0.84 | 0.77 | 0.80 | 0.94 | 1.38 | 1.99 |
| Interest coverage | 32.4x | - | - | - | - | - |
| Equity multiplier | 2.40 | 2.63 | 2.62 | 3.11 | 3.52 | 3.44 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 2.00 | 1.94 | 2.02 | 2.01 | 1.98 | 1.87 |
| Inventory turnover | 4.57 | 4.51 | 4.41 | 4.16 | 4.44 | 4.36 |
| Days sales outstanding | 47d | 47d | 49d | 51d | 49d | 46d |
| Days inventory outstanding | 80d | 81d | 83d | 88d | 82d | 84d |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 28.5x | 27.2x | 22.9x | 18.5x | 26.1x | 31.9x |
| P / B | 13.0x | 15.4x | 13.3x | 11.6x | 14.4x | 12.0x |
| P / S | 2.7x | 3.0x | 2.5x | 1.9x | 2.1x | 1.9x |
| EV / EBITDA | 17.8x | 17.9x | 15.2x | 12.5x | 17.0x | 19.8x |
| Growth | ||||||
| Revenue growth (YoY) | 4.5% | 4.2% | 8.2% | 16.9% | 10.4% | 13.2% |
| Revenue CAGR (3y) | 5.6% | 9.7% | 11.8% | 13.5% | 5.1% | 4.2% |
| Revenue CAGR (5y) | 8.7% | 10.5% | 8.0% | 7.9% | 5.1% | 3.4% |
| Gross profit growth (YoY) | 3.7% | 4.0% | 11.1% | 23.9% | 11.4% | -3.6% |
| Operating income growth (YoY) | -5.4% | 2.8% | 15.8% | 43.2% | 51.8% | -19.3% |
| Net income growth (YoY) | -10.6% | 4.4% | 18.2% | 48.3% | 50.1% | -18.1% |
| EPS growth (YoY) | -8.6% | 6.8% | 20.5% | 51.5% | 54.8% | -16.3% |
| EPS CAGR (3y) | 5.6% | 25.0% | 41.4% | 25.2% | 13.1% | 8.6% |
| EPS CAGR (5y) | 22.5% | 20.4% | 21.4% | 24.6% | 15.0% | 2.1% |
| FCF growth (YoY) | -15.2% | -1.0% | 47.3% | 57.9% | -26.3% | 12.8% |
| FCF CAGR (5y) | 7.5% | 13.8% | 14.2% | 5.6% | -1.0% | 8.5% |
| Book value growth (YoY) | 11.3% | 7.8% | 27.7% | 30.2% | 2.5% | -1.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$17.62B totalHigh Touch Solutions NA$13.99B · 79.4%
Endless Assortment$3.63B · 20.6%
Geographic
$17.94B totalUS$14.44B · 80.5%
JP$2.17B · 12.1%
CA$683.00M · 3.8%
Other Foreign Countries$645.00M · 3.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Durable Goods
Comparing W.W. GRAINGER against the 2 most active filers in the same SIC group.
Dividends
$9.27/share trailing 12 months · +10.2% YoY
| Ex-date | Per share |
|---|---|
| May 11, 2026 | $2.4900 |
| Feb 9, 2026 | $2.2600 |
| Nov 10, 2025 | $2.2600 |
| Aug 11, 2025 | $2.2600 |
| May 12, 2025 | $2.2600 |
| Feb 10, 2025 | $2.0500 |
| Nov 8, 2024 | $2.0500 |
| Aug 12, 2024 | $2.0500 |
| May 10, 2024 | $2.0500 |
| Feb 9, 2024 | $1.8600 |
| Nov 10, 2023 | $1.8600 |
| Aug 11, 2023 | $1.8600 |
| May 5, 2023 | $1.8600 |
| Feb 10, 2023 | $1.7200 |
| Nov 10, 2022 | $1.7200 |
| Aug 5, 2022 | $1.7200 |
| May 6, 2022 | $1.7200 |
| Feb 11, 2022 | $1.6200 |
| Nov 5, 2021 | $1.6200 |
| Aug 6, 2021 | $1.6200 |
| May 7, 2021 | $1.6200 |
| Feb 5, 2021 | $1.5300 |
| Nov 6, 2020 | $1.5300 |
| Aug 7, 2020 | $1.5300 |