Financials · GWW

W.W. Grainger Inc. (GWW) financials

For the twelve months ended Sep 30, 2026, W.W. Grainger Inc. reported $19.37B of revenue and $2.22B of net income.

Revenue, TTM
$19.37B
Revenue growth, YoY
+9.1%
Net income, TTM
$2.22B
Net income growth, YoY
+24.9%
Net margin
11.5%
Free cash flow, TTM
$1.72B
EPS, diluted, TTM
$45.53
EPS growth, YoY
+27.7%
Cash
$768.00M
Total debt
$2.69B
P/E
30.39
P/S
3.48
Market cap
$67.45B
Annual revenue$17.94B
FY2016FY2025
Annual net income$1.71B
FY2016FY2025
Annual free cash flow$1.33B
FY2016FY2025

GWW revenue and earnings growth

GWW revenueQ3 2026$5.18B

Quarter YoY
+11.3%
QoQ
+3.2%
FY YoY
+4.5%
5Y CAGR
+8.7%
10Y CAGR
+6.0%

GWW revenue was $5.18B in fiscal Q3 2026 (ended Sep 30, 2026), up 11.3% from a year earlier and up 3.2% from the prior quarter. For the full fiscal 2025 it was $17.94B, up 4.5% from fiscal 2024. Compound annual growth was +8.7% over 5 years and +6.0% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

GWW net incomeQ3 2026$587.00M

Quarter YoY
+99.7%
QoQ
-2.2%
FY YoY
-10.6%
5Y CAGR
+19.7%
10Y CAGR
+8.3%

GWW net income was $587.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 99.7% from a year earlier and down 2.2% from the prior quarter. For the full fiscal 2025 it was $1.71B, down 10.6% from fiscal 2024. Compound annual growth was +19.7% over 5 years and +8.3% over 10 years. It rose in 6 of the last 10 fiscal years.

GWW EPSQ3 2026$12.42

Quarter YoY
+102.9%
QoQ
+3.4%
FY YoY
-8.6%
5Y CAGR
+22.5%
10Y CAGR
+11.8%

GWW diluted EPS was $12.42 in fiscal Q3 2026 (ended Sep 30, 2026), up 102.9% from a year earlier and up 3.4% from the prior quarter. For the full fiscal 2025 it was $35.40, down 8.6% from fiscal 2024. Compound annual growth was +22.5% over 5 years and +11.8% over 10 years.

GWW free cash flowQ3 2026$546.00M

Quarter YoY
+61.1%
QoQ
+64.0%
FY YoY
-15.2%
5Y CAGR
+7.5%
10Y CAGR
+7.2%

GWW free cash flow was $546.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 61.1% from a year earlier and up 64.0% from the prior quarter. For the full fiscal 2025 it was $1.33B, down 15.2% from fiscal 2024. Compound annual growth was +7.5% over 5 years and +7.2% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$17.94B$17.17B$16.48B$15.23B$13.02B$11.80B$11.49B$11.22B$10.43B$10.14B
Cost of revenue$10.93B$10.41B$9.98B$9.38B$8.30B$7.56B$7.09B$6.87B$6.33B$6.02B
Gross profit$7.01B$6.76B$6.50B$5.85B$4.72B$4.24B$4.40B$4.35B$4.10B$4.12B
Selling, general and admin$4.51B$4.12B$3.93B$3.63B$3.17B$3.22B$3.13B$3.19B$3.06B$3.00B
Operating income$2.50B$2.64B$2.56B$2.21B$1.55B$1.02B$1.26B$1.16B$1.03B$1.11B
Interest expense$81.00M$77.00M$93.00M----$88.00M$89.00M$76.00M
Pre-tax income$2.43B$2.58B$2.50B$2.15B$1.49B$947.00M$1.21B$1.08B$936.00M$1.02B
Income tax$622.00M$595.00M$597.00M$533.00M$371.00M$192.00M$314.00M$258.00M$313.00M$386.00M
Net income$1.71B$1.91B$1.83B$1.55B$1.04B$695.00M$849.00M$782.00M$586.00M$606.00M
EPS, basic$35.47$38.84$36.39$30.22$19.94$12.88$15.39$13.82$10.07$9.94
EPS, diluted$35.40$38.71$36.23$30.06$19.84$12.82$15.32$13.73$10.02$9.87
Diluted shares48.0M49.0M50.1M51.1M52.2M53.7M54.9M56.5M58.0M60.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$585.00M$1.04B$660.00M$325.00M$241.00M$585.00M$360.00M$538.00M$327.00M$274.00M
Receivables$2.33B$2.23B$2.19B$2.13B$1.75B$1.47B$1.43B$1.39B$1.32B$1.22B
Inventory$2.39B$2.31B$2.27B$2.25B$1.87B$1.73B$1.66B$1.54B$1.43B$1.41B
Current assets$5.48B$5.74B$5.27B$4.98B$4.01B$3.92B$3.56B$3.56B$3.21B$3.02B
Goodwill$360.00M$355.00M$370.00M$371.00M$384.00M$391.00M$429.00M$424.00M$544.00M$527.00M
Total assets$8.96B$8.83B$8.15B$7.59B$6.59B$6.29B$6.00B$5.87B$5.80B$5.69B
Current liabilities$1.94B$2.31B$1.83B$2.01B$1.53B$1.44B$1.68B$1.50B$1.51B$1.63B
Short-term debt$126.00M$499.00M$34.00M$35.00M$0$8.00M$246.00M$81.00M$39.00M$19.97M
Long-term debt$2.36B$2.28B$2.27B$2.28B$2.36B$2.39B$1.91B$2.09B$2.25B$1.84B
Total debt$2.49B$2.78B$2.30B$2.32B$2.36B$2.40B$2.16B$2.17B$2.29B$1.86B
Total liabilities$4.82B$5.13B$4.71B$4.85B$4.43B$4.20B$3.94B$3.78B$3.98B$3.79B
Shareholders' equity$3.74B$3.70B$3.44B$2.73B$2.16B$2.09B$2.06B$2.09B$1.83B$1.91B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$2.02B$2.11B$2.03B$1.33B$937.00M$1.12B$1.04B$1.06B$1.06B$1.02B
Capital expenditures$684.00M$541.00M$445.00M$256.00M$255.00M$197.00M$221.00M$239.00M$237.00M$284.00M
Free cash flow$1.33B$1.57B$1.59B$1.08B$682.00M$926.00M$821.00M$818.00M$820.00M$740.00M
Investing cash flow-$645.00M-$520.00M-$422.00M-$263.00M-$226.00M-$179.00M-$202.00M-$166.00M-$146.00M-$262.00M
Financing cash flow-$1.82B-$1.18B-$1.28B-$972.00M-$1.04B-$726.00M-$1.02B-$670.00M-$867.00M-$776.00M
Dividends paid$467.00M$421.00M$392.00M$370.00M$357.00M$338.00M$328.00M$316.00M$304.00M$303.00M
Share repurchases$1.04B$1.20B$850.00M$603.00M$695.00M$601.00M$700.00M$425.00M$605.00M$790.00M
Stock-based compensation$64.00M$62.00M$62.00M$48.00M$42.00M$46.00M$40.00M$47.00M$33.00M$36.00M
Depreciation and amortization$330.00M$311.00M$277.00M$206.00M$173.00M$169.00M$210.00M$257.00M$264.00M$249.00M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY4.5%4.2%8.2%16.9%10.4%2.7%2.4%7.6%2.8%1.6%
Net income growth, YoY-10.6%4.4%18.2%48.3%50.1%-18.1%8.6%33.4%-3.3%-21.2%
EPS growth, YoY-8.6%6.8%20.5%51.5%54.8%-16.3%11.6%37.0%1.5%-14.8%
Gross margin39.1%39.4%39.4%38.4%36.2%35.9%38.3%38.7%39.3%40.6%
Operating margin13.9%15.4%15.6%14.5%11.9%8.6%11.0%10.3%9.9%11.0%
Net margin9.5%11.1%11.1%10.2%8.0%5.9%7.4%7.0%5.6%6.0%
Free cash flow margin7.4%9.1%9.6%7.1%5.2%7.8%7.1%7.3%7.9%7.3%
Return on equity45.7%51.6%53.2%56.6%48.3%33.2%41.2%37.4%32.1%31.8%
Return on assets19.0%21.6%22.4%20.4%15.8%11.0%14.1%13.3%10.1%10.6%
Current ratio2.832.492.882.482.632.722.122.372.131.85
Debt to equity0.670.750.670.851.091.151.051.041.250.98

Source: XBRL data W.W. Grainger Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GWW peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GWW$19.37B+9.1%$2.22B11.5%$67.45B
LOW$90.43B+8.2%$6.64B7.3%$125.98B
FAST$9.08B+13.5%$1.42B15.6%$60.79B
MSM$4.01B+6.4%$222.59M5.6%$6.33B
GIC$1.47B+10.2%$92.90M6.3%$1.77B

GWW FAQ

9 questions
  • What is GWW revenue?
    W.W. Grainger Inc. (GWW) reported $19.37B of revenue for the twelve months ended Sep 30, 2026. That is up 9.1% from the year before. Revenue for fiscal 2025 was $17.94B.
  • Is GWW profitable?
    Yes. W.W. Grainger Inc. earned $2.22B in net income for the twelve months ended Sep 30, 2026, a net margin of 11.5%.
  • How much cash and debt does GWW have?
    W.W. Grainger Inc. reported $768.00M in cash and cash equivalents and $2.69B of debt on its most recent balance sheet in SEC filings.
  • How fast is GWW revenue growing?
    W.W. Grainger Inc.'s revenue changed +4.5% in fiscal 2025, to $17.94B. Its compound annual growth rate was +8.7% over 5 years and +6.0% over 10 years.
  • What is GWW gross margin?
    W.W. Grainger Inc.'s gross profit was $7.64B on $19.37B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 39.4%.
  • What is GWW free cash flow?
    W.W. Grainger Inc. generated $1.72B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $2.24B less capital expenditures.
  • What is GWW earnings per share?
    Diluted earnings per share were $45.53 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did GWW last report financial results?
    The latest statements here come from W.W. Grainger Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this GWW financial data come from?
    Quantisnow builds these statements from the structured XBRL data W.W. Grainger Inc. files with the SEC. It is provided for information only and is not investment advice.