FirmAtlas

Company handbook · GWW · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

GWW · CIK 277135 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026

W.W. Grainger, Inc.

$1,330.70 −0.47 (−0.04%)

Close, Oct 16, 2026 · 52-week $907–1,420

↗ grainger.com

Last fiscal year

W.W. Grainger, Inc. reported revenue of $17.9B for the year ended Dec 31, 2025 (FY25), up 4.5% from FY24. Net income was $1.7B, operating cash flow $2.0B and free cash flow $1.3B. Source: 10-K filed Feb 19, 2026.

Market cap

$63.9B

P/E

34.2

EV/EBITDA

23.3x

P/B

15.5

Div yield

0.71%

ROIC

32.7%

Revenue 1Y

4.5%/yr

EPS 1Y

−8.6%/yr

Shares 1Y

−2%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOD.G. Macpherson

HQLake Forest, IL

AuditorErnst & Young LLP

Employees25,000

Year endsDecember

Revenue by segment · FY25

High Touch Solutions NA79%

Endless Assortment21%

Compounded growth & averages

10Y

TTM

Share price

20.0%

25.4%

22.1%

39.4%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$4.4B deployed

Capex $1.2B 28.1%

Dividends $888M 20.4%

Buybacks $2.2B 51.5%

Operating cash flow over the period: $4.1B. Total debt changed by −$663M.

Sources 10-K FY25 10-Q Jun '26 All filings on EDGAR

Latest filings

Aug 4, 2026 Quarterly results 8-K Aug 3, 2026 Executive or director change 8-K May 8, 2026 Quarterly results 8-K May 1, 2026 Shareholder vote results 8-K Feb 3, 2026 Quarterly results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

17,168

17,942+4.5%

18,845

YoY

+4.5%

Gross profit

6,758

7,009+3.7%

7,424

Gross margin

39.4%

39.1%−0.3 pp

—

Operating income

2,637

2,495−5.4%

2,745

Operating margin

15.4%

13.9%−1.5 pp

—

EBITDA

2,948

2,825−4.2%

—

EBITDA margin

17.2%

15.7%−1.4 pp

—

Interest expense

81+5.2%

—

Interest coverage

38.29x

34.88x−3.41x

—

Net income

1,909

1,706−10.6%

1,870

YoY

−10.6%

Net margin

11.1%

9.5%−1.6 pp

—

EPS (diluted, $)

38.71

35.40−8.6%

39.18

YoY

−8.6%

Balance sheet

FY24 FY25

TTM

Total assets

8,829

8,962+1.5%

9,618

Cash & short-term investments

1,036

585−43.5%

—

Accounts receivable

2,232

2,329+4.3%

—

Inventory

2,306

2,394+3.8%

—

Net PP&E

1,927

2,268+17.7%

—

Other assets

1,328

1,386+4.4%

—

Total liabilities

5,471

5,226−4.5%

5,487

Total debt

3,277

2,614−20.2%

2,410

Other liabilities

2,194

2,612+19.1%

—

Shareholders’ equity

3,358

3,736+11.3%

4,131

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

2,111

2,015−4.5%

2,175

Net income

1,989

1,808−9.1%

—

Depreciation & amortization

311

330+6.1%

—

Stock-based compensation

64+3.2%

—

Working capital & other

(251)

(187)n/m

—

Cash from investing

(520)

(645)n/m

—

Capex

(541)

(684)n/m

—

PP&E sold

33+1000.0%

—

Other investing

6−66.7%

—

Cash from financing

(1,180)

(1,825)n/m

—

Debt raised

503

91−81.9%

—

Debt repaid

(39)

(506)n/m

—

Dividends

(421)

(467)n/m

—

Buybacks

(1,201)

(1,045)n/m

—

Shares issued

15−50.0%

—

Other financing

(52)

87n/m

—

Net change in cash

376

(451)−219.9%

—

Free cash flow (OCF − capex)

1,570

1,331−15.2%

1,510

Where the cash went

FY24 FY25

TTM

Operating cash flow

2,111

2,015−4.5%

2,175

Reinvested in the business

541

684+26.4%

—

% of operating cash flow

25.6%

33.9%

Capex

541

684+26.4%

665

Free cash flow

1,570

1,331−15.2%

1,510

YoY

−15.2%

Returned to shareholders

1,622

1,512−6.8%

—

% of free cash flow

103.3%

113.6%

Dividends

421

467+10.9%

—

Buybacks

1,201

1,045−13.0%

—

Change in total debt

—

(663)

—

Cash left over

—

(844)

—

FCF conversion (FCF ÷ net income)

82.2%

78.0%−4.2 pp

—

Owner earnings

—

1,167

—

Owner earnings margin

—

6.5%

—

Buyback yield

2.3%

2.2%−0.2 pp

—

Returns & ratios

FY24 FY25

TTM

ROIC (all capital)

36.3%

32.7%−3.6 pp

—

ROIC (operating)

31.4%

27.6%−3.8 pp

—

Net debt / EBITDA

0.76x

0.72x−0.04x

—

Debt / equity

0.98x

0.70x−0.28x

—

ROE

56.8%

45.7%−11.2 pp

—

ROA

21.6%

19.0%−2.6 pp

—

ROCE

40.4%

35.5%−4.9 pp

—

NOPAT

2,030

1,856−8.5%

—

Invested capital (operating)

6,465

6,991+8.1%

—

Invested capital (all)

5,599

5,765+3.0%

—

Reinvestment rate

—

28.3%

—

Debtor days

47−0 d

—

Inventory days

80−1 d

—

Income

Sep '25

Dec '25

Mar '26

Jun '26

Revenue

4,657

4,425

4,742

5,021

vs year-ago quarter

Gross profit

1,798

1,746

1,896

1,984

Gross margin

38.6%

39.5%

40.0%

39.5%

Operating income

511

634

793

807

Net income

294

451

555

570

vs year-ago quarter

Net margin

6.3%

10.2%

11.7%

11.4%

EPS (diluted, $)

6.12

9.40

11.65

12.01

vs year-ago quarter

Balance sheet

Sep '25

Dec '25

Mar '26

Jun '26

Total assets

8,848

8,962

9,473

9,618

Cash & equivalents

535

585

695

589

Total debt

2,371

2,614

2,413

2,410

Shareholders’ equity

3,561

3,736

3,930

4,131

Cash flow

Sep '25

Dec '25

Mar '26

Jun '26

Operating cash flow

597

395

739

444

Capex

258

126

170

111

Free cash flow

339

269

569

333

vs year-ago quarter