Skip to content
stoqly

W. W. Grainger

GWW NYSE Industrial Machinery & Supplies & Components Financials FY2016–FY2025

W. W. Grainger's revenue rose 4.5% to $17.9 billion in fiscal 2025. Its operating margin was 13.9%, down from 15.4% a year earlier. Free cash flow was $1.3 billion, down 15.2%. It paid out $1.5 billion in dividends and buybacks, 114% of free cash flow. The diluted share count fell 2.0%.

Last close · Oct 23, 2026

$1,349.90

0.7%
Value it Compare
Revenue Total sales reported in the income statement.
$17.9B
4.5% vs prior year
Operating margin Operating income as a share of revenue.
13.9%
1.4 pts
Net income Profit after all expenses, interest and tax.
$1.7B
10.6%
Free cash flow Cash from operations minus capital spending.
$1.3B
15.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
32.3%
6.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$63.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
34.4x
On $39.21 EPS (TTM)

What W. W. Grainger does

No business description yet.

Legal name
W.W. Grainger, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000277135-26-000011
0000277135

Revenue and margins

W. W. Grainger had $17.9B of revenue in fiscal 2025, up 4.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 15.2% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.3B in fiscal 2025, 7.4% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

W. W. Grainger returned $1.5B to shareholders in fiscal 2025, 114% of free cash flow. The diluted share count fell 2.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value W. W. Grainger yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.9B and divides by 48.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 34.4x · peers 24.6x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably W. W. Grainger can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $241M$325M$660M$1.0B$585M
Debt incl. finance leases $2.4B$2.3B$2.3B$2.8B$2.5B
Net debt / EBITDA 1.2x0.8x0.6x0.6x0.7x
Debt / equity 1.3x1.0x0.7x0.8x0.7x
Interest coverage 17.8x24.3x27.6x34.3x30.8x
Current ratio 2.6x2.5x2.9x2.5x2.8x
Quick ratio 1.4x1.4x1.6x1.5x1.6x
Total assets $6.6B$7.6B$8.1B$8.8B$9.0B
Total liabilities $4.4B$4.9B$4.7B$5.1B$4.8B
Shareholders' equity $1.9B$2.4B$3.1B$3.4B$3.7B
Net debt (− = net cash) $2.1B$2.0B$1.6B$1.7B$1.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$33.5M

6 insiders

Of sales under plans

90%

$30.1M

DateInsiderTradeSharesPriceValueFiling
May 12, 2026 Jonny M LeRoySVP, Chief Technology Officer Sold 854 $1,231.06 $1.1M Form 4
May 12, 2026 Laurie R ThomsonVP, Controller Sold 313 $1,231.69 $0.4M Form 4
May 12, 2026 Paige K RobbinsSr. VP Sold 1,457 $1,232.29 $1.8M Form 4
Apr 2, 2026 Deidra C MerriwetherSr. VP & CFO Sold plan 1,488 $1,114.28 $1.7M Form 4
Mar 24, 2026 Deidra C MerriwetherSr. VP & CFO Sold plan 2,339 $1,064.73 $2.5M Form 4
Dec 16, 2025 Krantz Nancy L BerardinelliSr. VP & CLO Sold 195 $1,023.93 $0.2M Form 4
Dec 5, 2025 Donald G MacphersonChairman and CEO, Director Sold plan 12,163 $972.57 $11.8M Form 4
Dec 4, 2025 Donald G MacphersonChairman and CEO, Director Sold plan 14,523 $972.81 $14.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✕
F-score 8 / 94 / 96 / 9
Accruals ratio −2.6%−2.4%−3.5%
Altman Z'' 10.5210.3710.81

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
W. W. Grainger GWW $63.7B 4.5% 13.9% 7.4% 32.3% 34.4x 6
Illinois Tool Works ITW $79.1B 0.9% 26.3% 16.9% 30.2% 25.0x 6 Compare →
Stanley Black & Decker SWK $14.9B −1.5% — 4.6% 6.2% 24.2x 6 Compare →
Parker Hannifin PH $112.8B 8.3% 23.6% 18.2% 17.6% 30.9x 9 Compare →
Otis Worldwide OTIS $28.8B 1.2% 14.8% 10.0% 116.6% 19.3x 5 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $10.1B $10.4B $11.2B $11.5B $11.8B $13.0B $15.2B $16.5B $17.2B $17.9B
Gross profit $4.1B $4.1B $4.3B $4.4B $4.2B $4.7B $5.8B $6.5B $6.8B $7.0B
Operating income $1.1B $1.0B $1.2B $1.3B $1.0B $1.5B $2.2B $2.6B $2.6B $2.5B
Interest expense $76.0M $89.0M $88.0M $84.0M $94.0M $87.0M $91.0M $93.0M $77.0M $81.0M
Pretax income $1.0B $936M $1.1B $1.2B $947M $1.5B $2.1B $2.5B $2.6B $2.4B
Income tax $386M $313M $258M $314M $192M $371M $533M $597M $595M $622M
Net income $606M $586M $782M $849M $695M $1.0B $1.5B $1.8B $1.9B $1.7B
Diluted EPS $9.87 $10.02 $13.73 $15.32 $12.82 $19.84 $30.06 $36.23 $38.71 $35.40
Diluted shares 0.06B 0.06B 0.06B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $1.0B $1.1B $1.1B $1.0B $1.1B $937M $1.3B $2.0B $2.1B $2.0B
Capital expenditure $284M $237M $239M $221M $197M $255M $256M $445M $541M $684M
Free cash flow $740M $820M $818M $821M $926M $682M $1.1B $1.6B $1.6B $1.3B
Depreciation and amortization $223M $241M $257M $210M $169M $173M $206M $277M $311M $330M
Stock-based compensation $36.0M $33.0M $47.0M $40.0M $46.0M $42.0M $48.0M $62.0M $62.0M $64.0M
Acquisitions $0.2M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $790M $605M $425M $700M $601M $695M $603M $850M $1.2B $1.0B
Dividends paid $303M $304M $316M $328M $338M $357M $370M $392M $421M $467M
Dividends and buybacks $1.1B $909M $741M $1.0B $939M $1.1B $973M $1.2B $1.6B $1.5B
Balance sheet
Cash and short-term investments $274M $327M $538M $360M $585M $241M $325M $660M $1.0B $585M
Total debt $2.2B $2.3B $2.2B $2.2B $2.4B $2.4B $2.3B $2.3B $2.8B $2.5B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $3.0B $3.2B $3.6B $3.6B $3.9B $4.0B $5.0B $5.3B $5.7B $5.5B
Current liabilities $1.6B $1.5B $1.5B $1.7B $1.4B $1.5B $2.0B $1.8B $2.3B $1.9B
Inventory $1.4B $1.4B $1.5B $1.7B $1.7B $1.9B $2.3B $2.3B $2.3B $2.4B
Property and equipment, net $1.4B $1.4B $1.4B $1.4B $1.4B $1.4B $1.5B $1.7B $1.9B $2.3B
Total assets $5.7B $5.8B $5.9B $6.0B $6.3B $6.6B $7.6B $8.1B $8.8B $9.0B
Total liabilities $3.8B $4.0B $3.8B $3.9B $4.2B $4.4B $4.9B $4.7B $5.1B $4.8B
Shareholders' equity $1.8B $1.7B $1.9B $1.9B $1.8B $1.9B $2.4B $3.1B $3.4B $3.7B
Margins
Gross margin 40.6% 39.3% 38.8% 38.3% 35.9% 36.3% 38.4% 39.4% 39.4% 39.1%
Operating margin 11.0% 9.9% 10.3% 11.0% 8.6% 11.9% 14.6% 15.6% 15.4% 13.9%
EBITDA margin 13.2% 12.2% 12.6% 12.8% 10.1% 13.2% 15.9% 17.3% 17.2% 15.8%
Net margin 6.0% 5.6% 7.0% 7.4% 5.9% 8.0% 10.2% 11.1% 11.1% 9.5%
FCF margin 7.3% 7.9% 7.3% 7.2% 7.9% 5.2% 7.1% 9.6% 9.1% 7.4%
Returns
Return on capital 18.0% 17.8% 23.1% 24.3% 20.8% 28.4% 37.0% 39.8% 38.6% 32.3%
Return on capital employed 27.4% 24.8% 26.7% 29.0% 22.2% 31.2% 41.6% 43.1% 41.1% 36.8%
Return on equity 29.8% 33.6% 43.3% 45.0% 37.7% 56.4% 71.7% 65.9% 59.0% 48.1%
Return on assets 10.5% 10.2% 13.4% 14.3% 11.3% 16.2% 21.8% 23.3% 22.5% 19.2%
Growth
Revenue growth 1.6% 2.8% 7.6% 2.4% 2.7% 10.4% 16.9% 8.2% 4.2% 4.5%
Net income growth −21.2% −3.3% 33.5% 8.6% −18.1% 50.1% 48.3% 18.2% 4.4% −10.6%
EPS growth −14.8% 1.5% 37.0% 11.6% −16.3% 54.8% 51.5% 20.5% 6.9% −8.6%
FCF growth 11.7% 10.8% −0.2% 0.4% 12.8% −26.4% 57.9% 47.3% −1.0% −15.2%
Share count change −7.5% −4.7% −2.6% −2.8% −2.2% −2.8% −2.1% −2.0% −2.2% −2.0%
Financial health
Net debt / EBITDA 1.5x 1.6x 1.2x 1.3x 1.5x 1.2x 0.8x 0.6x 0.6x 0.7x
Debt / equity 1.3x 1.4x 1.2x 1.2x 1.3x 1.3x 1.0x 0.7x 0.8x 0.7x
Interest coverage 14.6x 11.6x 13.2x 15.0x 10.8x 17.8x 24.3x 27.6x 34.3x 30.8x
Current ratio 1.9x 2.1x 2.4x 2.1x 2.7x 2.6x 2.5x 2.9x 2.5x 2.8x
Quick ratio 1.0x 1.2x 1.3x 1.1x 1.5x 1.4x 1.4x 1.6x 1.5x 1.6x
Capital allocation
Capex / revenue 2.8% 2.3% 2.1% 1.9% 1.7% 2.0% 1.7% 2.7% 3.2% 3.8%
Stock comp / revenue 0.4% 0.3% 0.4% 0.4% 0.4% 0.3% 0.3% 0.4% 0.4% 0.4%
Payouts / FCF 147.7% 110.9% 90.6% 125.2% 101.4% 154.3% 90.3% 78.3% 103.3% 113.6%
Quality scores
Piotroski F-score 5.0 6.0 8.0 7.0 6.0 7.0 7.0 8.0 4.0 6.0
Altman Z'' 7.5 7.8 8.6 8.6 8.7 9.3 9.7 10.5 10.4 10.8
Accruals ratio −7.2% −8.2% −4.7% −3.3% −7.0% 1.7% 3.0% −2.6% −2.4% −3.5%

Source: SEC EDGAR XBRL filings (CIK 0000277135). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open