W.W. Grainger, Inc.

GWW · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$47,980	$51,332	$41,131	$28,107	$26,700	$21,038	$17,441	$14,547	$12,172	$11,966	$10,437	$17,418	$17,740	$14,128	$13,045	$9,783	$7,145	$6,038	$7,212	$6,143	$6,368	$6,010	$4,300	$4,742	$4,473	$3,395	$4,439	$4,006	$4,888	$4,102	$3,362	$2,959	$2,944	$3,191	$2,911	$1,813	$1,787	$1,495	$1,683	$1,249	$1,093
Enterprise value	$50,963	$53,824	$43,549	$30,782	$29,507	$23,334	$19,501	$16,401	$14,325	$14,046	$12,172	$17,750	$17,929	$14,334	$13,322	$10,047	$7,274	$6,171	$7,190	$5,792	$5,833	$5,590	$4,046	$4,662	$4,440	$3,653	$4,825	$4,197	$4,999	$4,141	$3,406	$2,982	$3,004	$3,178	$2,801	$1,703	$1,735	$1,448	$1,667	$1,112	$1,034
P/E (TTM) at period end	28.12×	26.89×	22.49×	18.17×	25.60×	30.27×	20.54×	18.75×	20.95×	19.91×	13.71×	21.99×	22.59×	20.85×	20.20×	19.58×	16.99×	12.98×	17.17×	16.02×	18.39×	20.94×	18.94×	22.41×	25.63×	17.60×	24.56×	16.80×	21.09×	19.67×	18.01×	23.13×	19.83×	23.26×	22.80×	14.30×	14.95×	13.74×	18.59×	14.51×	15.22×
P/S (TTM) at period end	2.67×	2.99×	2.50×	1.85×	2.05×	1.78×	1.52×	1.30×	1.17×	1.18×	1.05×	1.75×	1.88×	1.58×	1.61×	1.36×	1.15×	0.88×	1.12×	1.04×	1.15×	1.19×	0.92×	1.02×	0.94×	0.68×	0.98×	0.92×	1.18×	1.16×	1.03×	0.98×	1.12×	1.35×	1.40×	0.94×	1.03×	0.97×	1.27×	1.08×	1.00×
P/B at period end	12.84×	15.29×	13.20×	11.52×	14.25×	11.51×	9.40×	7.57×	7.20×	6.66×	4.60×	5.43×	5.46×	4.67×	4.96×	4.44×	3.30×	2.97×	3.44×	2.82×	2.78×	2.91×	2.33×	2.84×	2.79×	2.21×	3.00×	3.13×	3.78×	2.80×	2.85×	2.86×	3.13×	3.43×	3.38×	2.22×	2.44×	2.35×	2.90×	2.15×	2.11×
EV / EBITDA (TTM)	18.54×	18.73×	15.67×	12.72×	17.02×	19.43×	13.08×	11.59×	11.03×	10.31×	7.96×	11.41×	12.13×	11.11×	11.09×	9.95×	8.95×	6.69×	8.96×	8.31×	9.29×	10.39×	8.47×	9.58×	10.05×	8.26×	11.61×	8.62×	10.57×	9.86×	8.80×	8.49×	9.65×	11.45×	11.81×	7.20×	7.73×	–	–	–	–
EV / Sales (TTM)	2.84×	3.14×	2.64×	2.02×	2.27×	1.98×	1.70×	1.46×	1.37×	1.39×	1.22×	1.78×	1.90×	1.60×	1.65×	1.40×	1.17×	0.90×	1.12×	0.98×	1.06×	1.11×	0.87×	1.00×	0.93×	0.73×	1.06×	0.97×	1.21×	1.17×	1.04×	0.99×	1.14×	1.34×	1.35×	0.88×	1.00×	0.94×	1.26×	0.96×	0.95×
Returns
Return on equity	45.7%	56.8%	58.7%	63.4%	55.7%	38.0%	45.8%	40.4%	34.4%	33.4%	33.6%	24.7%	24.2%	22.4%	24.6%	22.7%	19.4%	22.9%	20.0%	17.6%	15.1%	13.9%	12.3%	12.7%	10.9%	12.5%	12.2%	18.7%	17.9%	14.3%	15.8%	12.4%	15.8%	14.7%	14.8%	15.6%	16.3%	17.1%	15.6%	14.8%	13.9%
Return on invested capital	27.6%	34.7%	35.3%	32.5%	24.8%	19.7%	23.9%	23.4%	17.9%	17.8%	20.4%	23.2%	23.7%	21.9%	23.0%	21.0%	17.7%	22.2%	19.7%	20.0%	19.2%	17.2%	14.5%	14.7%	12.7%	10.9%	10.1%	16.5%	16.6%	13.7%	15.5%	15.1%	15.0%	15.0%	16.6%	17.6%	17.1%	18.3%	15.5%	15.5%	14.6%
Dividend yield	1.0%	0.8%	1.0%	1.3%	1.3%	1.6%	1.9%	2.2%	2.5%	2.5%	2.9%	1.7%	1.4%	1.6%	1.4%	1.6%	1.9%	2.0%	1.6%	1.6%	1.3%	1.2%	1.6%	1.4%	1.5%	1.9%	1.3%	1.4%	1.1%	1.2%	1.3%	1.3%	1.2%	1.1%	1.1%	1.7%	1.5%	–	–	–	–
Financial health
Current ratio	2.83×	2.49×	2.88×	2.48×	2.62×	2.72×	2.12×	2.37×	2.13×	1.85×	1.70×	2.35×	2.55×	2.69×	1.94×	2.57×	2.74×	2.81×	2.18×	2.64×	2.75×	2.65×	2.31×	2.53×	2.51×	1.98×	1.69×	1.82×	2.22×	2.14×	2.39×	2.10×	2.16×	2.52×	3.05×	3.09×	2.89×	2.62×	2.86×	3.27×	3.41×
Debt / equity	0.67×	0.83×	0.74×	0.95×	1.26×	1.31×	1.16×	1.13×	1.35×	1.04×	0.72×	0.13×	0.15×	0.16×	0.15×	0.20×	0.23×	0.25×	0.00×	0.00×	0.00×	0.00×	0.08×	0.08×	0.08×	0.21×	0.30×	0.18×	0.12×	0.11×	0.05×	0.04×	0.07×	0.03×	0.04×	0.05×	0.04×	0.05×	0.07×	0.07×	0.08×
Effective tax rate	25.6%	23.0%	23.9%	24.8%	25.0%	20.3%	26.0%	23.9%	33.4%	37.9%	37.2%	39.1%	37.3%	37.5%	36.6%	39.8%	39.1%	38.5%	38.4%	36.4%	35.0%	35.5%	40.4%	40.8%	41.3%	41.8%	40.5%	40.5%	40.5%	40.2%	40.2%	44.1%	40.3%	39.6%	39.0%	39.2%	39.1%	39.5%	44.3%	46.8%	48.9%
Share count
Diluted shares outstanding	48	49	50	51	52	54	55	56	58	61	66	69	71	71	71	72	75	78	84	91	92	92	92	94	95	94	94	98	102	103	103	102	104	106	107	109	109	111	115	115	114

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$18,845	$17,942	$17,168	$16,478	$15,228	$13,022	$11,797	$11,486	$11,221	$10,425	$10,137	$9,973	$9,965	$9,438	$8,950	$8,078	$7,182	$6,222	$6,850	$6,418	$5,884	$5,527	$5,050	$4,667	$4,644	$4,754	$4,977	$4,534	$4,341	$4,137	$3,537	$3,277	$3,023	$2,628	$2,364	$2,077	$1,935	$1,728	$1,536	$1,321	$1,160	$1,092
Cost of revenue	($11,421)	($10,933)	($10,410)	($9,982)	($9,379)	($8,302)	($7,559)	($7,089)	($6,873)	($6,327)	($6,022)	($5,742)	($5,651)	($5,301)	($5,034)	($4,567)	($4,176)	($3,623)	($4,042)	($3,814)	($3,530)	($3,365)	($3,143)	($3,029)	($3,046)	($3,165)	($3,285)	($2,783)	($2,665)	($2,563)	($2,196)	($2,025)	($1,885)	($1,594)	($1,456)	($1,316)	($1,226)	($1,092)	($977)	($848)	($754)	($716)
Gross profit	$7,424	$7,009	$6,758	$6,496	$5,849	$4,720	$4,238	$4,397	$4,348	$4,098	$4,115	$4,231	$4,314	$4,136	$3,916	$3,511	$3,006	$2,599	$2,808	$2,604	$2,354	$2,162	$1,907	$1,638	$1,598	$1,589	$1,692	$1,751	$1,677	$1,574	$1,342	$1,252	$1,138	$1,034	$909	$762	$709	$635	$558	$472	$406	$376
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($4,679)	($4,514)	($4,121)	($3,931)	($3,634)	($3,173)	($3,219)	($3,135)	($3,190)	($3,063)	($3,002)	($2,931)	($2,967)	($2,840)	($2,785)	($2,458)	($2,145)	($1,933)	($2,026)	($1,933)	($1,776)	($1,643)	($1,467)	($1,251)	($1,207)	($1,212)	($1,250)	($1,335)	($1,190)	($1,101)	($922)	($865)	($787)	($723)	($631)	($524)	($472)	($411)	($352)	($292)	($257)	($228)
Total operating expenses	($4,679)	($4,514)	($4,121)	($3,931)	($3,634)	($3,173)	($3,219)	($3,135)	($3,190)	($3,063)	($3,002)	($2,931)	($2,967)	($2,840)	($2,785)	($2,458)	($2,145)	($1,933)	($2,026)	($1,933)	($1,776)	($1,643)	($1,467)	($1,251)	($1,205)	($1,251)	($1,357)	($1,434)	($1,269)	($1,181)	($996)	($936)	($854)	($782)	($680)	($557)	($506)	($444)	($380)	($315)	($276)	($245)
Total costs and expenses	($16,100)	($15,447)	($14,531)	($13,913)	($13,013)	($11,475)	($10,778)	($10,224)	($10,063)	($9,390)	($9,024)	($8,673)	($8,618)	($8,141)	($7,819)	($7,026)	($6,322)	($5,557)	($6,067)	($5,747)	($5,306)	($5,008)	($4,610)	($4,280)	($4,251)	($4,416)	($4,642)	($4,217)	($3,933)	($3,744)	($3,192)	($2,961)	($2,738)	($2,376)	($2,136)	($1,873)	($1,732)	($1,536)	($1,358)	($1,164)	($1,030)	($961)
Operating income	$2,745	$2,495	$2,637	$2,565	$2,215	$1,547	$1,019	$1,262	$1,158	$1,035	$1,113	$1,300	$1,347	$1,297	$1,131	$1,052	$860	$665	$783	$671	$578	$519	$440	$387	$393	$339	$335	$317	$408	$393	$346	$316	$285	$252	$228	$204	$204	$191	$178	$157	$129	$131
Earnings
EBITDA	$3,002	$2,749	$2,874	$2,779	$2,420	$1,734	$1,201	$1,491	$1,415	$1,299	$1,362	$1,528	$1,555	$1,477	$1,290	$1,202	$1,010	$813	$922	$803	$697	$628	$538	$478	$487	$442	$442	$416	$487	$473	$420	$387	$351	$311	$278	$237	$237	$224	–	–	–	–
Interest income	–	–	–	–	–	–	–	–	$6	$3	$1	$1	$2	$3	$3	$2	$1	$1	$5	$12	–	–	–	$3	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($81)	($81)	($77)	($93)	($93)	($87)	($93)	($79)	($88)	($89)	($76)	($34)	($10)	($13)	($16)	($9)	($8)	($9)	($14)	($3)	–	–	–	($6)	($19)	($41)	($4)	($14)	($7)	($4)	–	($4)	($56)	($3)	($1)	–	–	–	–	–	–	–
Pre-tax income	$2,685	$2,430	$2,584	$2,500	$2,146	$1,485	$947	$1,209	$1,081	$936	$1,019	$1,251	$1,334	$1,288	$1,118	$1,052	$854	$707	$773	$682	$603	$533	$445	$381	$398	$297	$332	$304	$401	$390	$349	$312	$229	$250	$227	$209	$208	$196	$180	$162	$141	$133
Income tax expense	($704)	($622)	($595)	($597)	($533)	($371)	($192)	($314)	($258)	($313)	($386)	($466)	($522)	($480)	($419)	($385)	($340)	($277)	($298)	($262)	($220)	($186)	($158)	($154)	($162)	($123)	($139)	($123)	($162)	($158)	($140)	($126)	($101)	($101)	($90)	($82)	($82)	($77)	($71)	($72)	($66)	($65)
Net income	$1,870	$1,706	$1,909	$1,829	$1,547	$1,043	$695	$849	$782	$586	$606	$769	$802	$797	$690	$658	$511	$430	$475	$420	$383	$346	$287	$227	$212	$175	$193	$181	$238	$232	$208	$187	$128	$148	$137	$128	$127	$120	$109	$90	$86	$72
Per share
Diluted EPS (GAAP)	$39.22	$35.40	$38.71	$36.23	$30.06	$19.84	$12.82	$15.32	$13.73	$10.02	$9.87	$11.58	$11.45	$11.13	$9.52	$9.07	$6.93	$5.62	$5.97	$4.91	$4.24	$3.78	$3.13	$2.46	$2.24	$1.84	$2.05	$1.92	$2.44	$2.27	$2.02	$1.82	$1.25	$1.43	$1.29	$1.19	$1.16	$1.10	$0.98	$0.79	$0.75	$0.63
Basic EPS (GAAP)	$39.27	$35.47	$38.84	$36.39	$30.22	$19.94	$12.88	$15.39	$13.82	$10.07	$9.94	$11.69	$11.59	$11.31	$9.71	$9.26	$7.05	$5.70	$6.07	$5.01	$4.36	$3.87	$3.18	$2.50	$2.30	$1.87	$2.07	$1.95	$2.48	$2.31	$2.04	$1.84	$1.25	$1.45	$1.29	$1.19	$1.16	$1.10	$0.98	$0.79	$0.75	$0.63
Basic shares outstanding	47	48	49	50	51	52	54	55	56	58	60	65	68	69	70	70	71	74	77	82	88	90	90	91	92	93	93	93	96	101	102	101	102	102	106	107	109	109	111	115	115	114
Margins
Gross margin	39.4%	39.1%	39.4%	39.4%	38.4%	36.2%	35.9%	38.3%	38.7%	39.3%	40.6%	42.4%	43.3%	43.8%	43.8%	43.5%	41.8%	41.8%	41.0%	40.6%	40.0%	39.1%	37.8%	35.1%	34.4%	33.4%	34.0%	38.6%	38.6%	38.1%	37.9%	38.2%	37.7%	39.3%	38.4%	36.7%	36.6%	36.8%	36.4%	35.8%	35.0%	34.4%
Operating margin	14.6%	13.9%	15.4%	15.6%	14.5%	11.9%	8.6%	11.0%	10.3%	9.9%	11.0%	13.0%	13.5%	13.7%	12.6%	13.0%	12.0%	10.7%	11.4%	10.4%	9.8%	9.4%	8.7%	8.3%	8.5%	7.1%	6.7%	7.0%	9.4%	9.5%	9.8%	9.6%	9.4%	9.6%	9.7%	9.8%	10.5%	11.1%	11.6%	11.9%	11.2%	12.0%
Net margin	9.9%	9.5%	11.1%	11.1%	10.2%	8.0%	5.9%	7.4%	7.0%	5.6%	6.0%	7.7%	8.0%	8.4%	7.7%	8.2%	7.1%	6.9%	6.9%	6.5%	6.5%	6.3%	5.7%	4.9%	4.6%	3.7%	3.9%	4.0%	5.5%	5.6%	5.9%	5.7%	4.2%	5.6%	5.8%	6.1%	6.6%	6.9%	7.1%	6.9%	7.4%	6.6%

Analyst consensus

Hold39 analysts

Bearish · 4 · Hold · 26 · Bullish · 9

Earnings history

	EPS	Estimate
Q3 2024	$9.87	$9.97	Miss
Q4 2024	$9.71	$9.74	Miss
Q1 2025	$9.86	$9.48	Beat
Q2 2025	$9.97	$10.07	Miss
Q3 2025	$10.21	$9.98	Beat
Q4 2025	$9.44	$9.46	Miss
Q1 2026	$11.65	$10.21	Beat
Q2 2026	$12.01	$11.30	Beat

Peers

Company overview

IPO dateFeb 21, 1973

CEODonald G. Macpherson

Employees23,550

SectorIndustrials

IndustryIndustrial - Distribution

CountryUS

ExchangeNew York Stock Exchange

Websitewww.grainger.com

W.W. Grainger, Inc. stands as a significant global supplier of maintenance, repair, and operating (MRO) supplies and related services. Its market presence spans several international regions, including the United States, Japan, Canada, and the United Kingdom. The company structures its operations into two principal divisions: High-Touch Solutions N.A. and Endless Assortment. Grainger's extensive product offerings cover essential categories such as safety and security provisions, equipment for material handling and storage, plumbing and pump components, cleaning and facility upkeep items, and both metalworking and general hand tools. Furthermore, it delivers vital support functions, including inventory management and expert technical assistance. The firm serves a wide array of organizational customers, from private businesses and large corporations to government bodies and other institutions, reaching them through both dedicated sales and service teams and its robust digital and e-commerce platforms. Established in 1927, W.W. Grainger, Inc. maintains its corporate headquarters in Lake Forest, Illinois.

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