Overview
W.W. GRAINGER, INC.
Latest 10-K: FY2025, filed Feb 19, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $17.94B
- 4.5%YoYup from FY2024
- TotalRevenue
- Gross profit
- $7.01B
- 3.7%YoYup from FY2024
- GrossProfit
- Operating income
- $2.50B
- 5.4%YoYdown from FY2024
- OperatingIncome
- Net income
- $1.71B
- 10.6%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $35.40
- 8.6%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 48.0M
- 2.0%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- W.W. GRAINGER, INC. reported revenue of $17.94B for fiscal 2025, up 4.5% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 13.9% and net margin was 9.5%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $35.40, down 8.6% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $17.94B4.5%up Benchmark median 6.4% | $17.17B4.2%up Benchmark median 4.5% | $16.48B8.2%up Benchmark median 4.8% | $15.23B16.9%up Benchmark median 10.3% | $13.02B10.4%up Benchmark median 13.8% | 8.3% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $7.01B3.7%up Benchmark median 6.8% | $6.76B4.0%up Benchmark median 5.5% | $6.50B11.1%up Benchmark median 5.2% | $5.85B23.9%up Benchmark median 8.3% | $4.72B11.4%up Benchmark median 15.7% | 10.4% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $2.50B5.4%down Benchmark median 7.3% | $2.64B2.8%up Benchmark median 7.4% | $2.56B15.8%up Benchmark median 4.9% | $2.21B43.2%up Benchmark median 7.5% | $1.55B51.8%up Benchmark median 23.5% | 12.7% Benchmark median 7.2% |
| Net Income | $1.71B10.6%down Benchmark median 4.8% | $1.91B4.4%up Benchmark median 5.7% | $1.83B18.2%up Benchmark median 1.9% | $1.55B48.3%up Benchmark median 1.3% | $1.04B50.1%up Benchmark median 33.9% | 13.1% Benchmark median 4.1% |
| EPS (Diluted) | $35.408.6%down Benchmark median 6.2% | $38.716.8%up Benchmark median 7.9% | $36.2320.5%up Benchmark median 1.9% | $30.0651.5%up Benchmark median 1.5% | $19.8454.8%up Benchmark median 34.8% | 15.6% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $8.96B1.5%up Benchmark median 5.6% | $8.83B8.4%up Benchmark median 3.4% | $8.15B7.4%up Benchmark median 4.1% | $7.59B15.1%up Benchmark median 2.2% | $6.59B4.7%up Benchmark median 6.7% | 8.0% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | $4.14B11.8%up Benchmark median 6.8% | $3.70B7.6%up Benchmark median 5.4% | $3.44B25.8%up Benchmark median 7.3% | $2.73B26.6%up Benchmark median 2.5% | $2.16B3.2%up Benchmark median 9.0% | 17.7% Benchmark median 6.1% |
| Cash & Equivalents | $0.58B43.5%down Benchmark median 5.2% | $1.04B57.0%up Benchmark median 1.9% | $0.66B103.1%up Benchmark median 6.7% | $0.33B34.9%up Benchmark median -8.6% | $0.24B58.8%down Benchmark median -2.9% | 24.8% Benchmark median 2.0% |
| Total Debt | $2.49B10.4%down Benchmark median 2.1% | $2.78B20.8%up Benchmark median 0.2% | $2.30B0.8%down Benchmark median 0.3% | $2.32B1.8%down Benchmark median 0.1% | $2.36B1.5%down Benchmark median -0.1% | 1.3% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.02B4.5%down Benchmark median 6.3% | $2.11B3.9%up Benchmark median 4.8% | $2.03B52.4%up Benchmark median 9.9% | $1.33B42.3%up Benchmark median -0.7% | $0.94B16.6%down Benchmark median 10.7% | 21.1% Benchmark median 7.0% |
| Capital Expenditures | $684.00M26.4%up Benchmark median 5.4% | $541.00M21.6%up Benchmark median 2.8% | $445.00M73.8%up Benchmark median 11.3% | $256.00M0.4%up Benchmark median 14.0% | $255.00M29.4%up Benchmark median 8.1% | 28.0% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.33B15.2%down Benchmark median 7.3% | $1.57B1.0%down Benchmark median 6.1% | $1.59B47.3%up Benchmark median 8.8% | $1.08B57.9%up Benchmark median -11.3% | $0.68B26.3%down Benchmark median 10.2% | 18.2% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.5%
Wall Street
on net earnings
FY2024 3.7%
2.7%
Value investor
on free cash flow
FY2024 3.0%
Gap −0.8 pts: Value-investor figure 0.8 points lower
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 28.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.6%
Wall Street
on EBITDA
FY2024 5.5%
5.0%
Value investor
on EBIT
FY2024 4.9%
Gap −0.6 pts: Value-investor figure 0.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 17.8×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
8.5%
Wall Street
on book equity
FY2024 7.2%
7.3%
Value investor
on tangible book
FY2024 6.0%
Gap −1.2 pts: Value-investor figure 1.2 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 11.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
43.5%
Wall Street
ROE: net income ÷ equity
FY2024 53.4%
28.1%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 33.9%
Gap −15.4 pts: Value-investor figure 15.4 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
15.7%
Wall Street
EBITDA margin
FY2024 17.2%
7.4%
Value investor
Free-cash-flow margin
FY2024 9.1%
Gap −8.3 pts: Value-investor figure 8.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
2.83×
Wall Street
Current ratio
FY2024 2.49×
1.59×
Value investor
Quick ratio, inventory excluded
FY2024 1.49×
Gap −1.24×: Value-investor figure 1.24 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
1.14×
Wall Street
EBITDA ÷ total debt
FY2024 1.06×
0.53×
Value investor
FCF ÷ total debt
FY2024 0.57×
Gap −0.61×: Value-investor figure 0.61 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 0.67×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
34.9×
Wall Street
EBITDA ÷ interest
FY2024 38.3×
30.8×
Value investor
EBIT ÷ interest
FY2024 34.2×
Gap −4.1×: Value-investor figure 4.1 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on GWW yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on GWW and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/GWW
Valuein. (2026, October 31). W.W. GRAINGER, INC. (GWW) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/GWW
@misc{valuein_gww_2026,
author = {{Valuein}},
title = {W.W. GRAINGER, INC. (GWW) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/GWW}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 19, 2026 · accession 0000277135-26-000011
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point-in-time · survivorship-free · every number traceable to its SEC filing
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