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GWW

W.W. Grainger, Inc.

GWW

W.W. Grainger, Inc. • NYSE
$948.63 ▲ 0.37% (+3.53)
Market Cap $45.11 B
52w High $1208.05
52w Low $893.99
Dividend Yield 8.83%
P/E 26.59
Volume 105.88K
Outstanding Shares 47.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.657B ▲ $1.287B ▲ $294M ▼ 6.313% ▼ $6.1 ▼ $577M ▼
Q2-2025 $4.554B ▲ $1.077B ▲ $482M ▲ 10.584% ▼ $10.04 ▲ $745M ▲
Q1-2025 $4.306B ▲ $1.038B ▼ $479M ▲ 11.124% ▼ $9.88 ▲ $739M ▲
Q4-2024 $4.233B ▼ $1.043B ▲ $475M ▼ 11.221% ▲ $9.74 ▼ $701M ▼
Q3-2024 $4.388B $1.034B $486M 11.076% $9.96 $749M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $535M ▼ $8.848B ▼ $4.887B ▲ $3.561B ▼
Q2-2025 $597M ▼ $8.937B ▲ $4.854B ▲ $3.674B ▲
Q1-2025 $666M ▼ $8.658B ▼ $4.811B ▼ $3.48B ▲
Q4-2024 $1.036B ▼ $8.829B ▼ $5.126B ▼ $3.358B ▼
Q3-2024 $1.448B $9.114B $5.258B $3.503B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $196M ▼ $597M ▲ $-260M ▼ $-398M ▼ $-62M ▲ $339M ▲
Q2-2025 $508M ▲ $377M ▼ $-158M ▼ $-303M ▲ $-69M ▲ $202M ▼
Q1-2025 $500M ▲ $646M ▲ $-125M ▲ $-898M ▼ $-370M ▲ $521M ▲
Q4-2024 $497M ▼ $428M ▼ $-258M ▼ $-565M ▼ $-412M ▼ $170M ▼
Q3-2024 $505M $611M $-85M $148M $679M $523M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Endless Assortment
Endless Assortment
 $820.00M ▲$830.00M ▲$930.00M ▲$940.00M ▲
HighTouch Solutions NA
HighTouch Solutions NA
 $3.34Bn ▲$3.40Bn ▲$3.54Bn ▲$3.63Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Grainger’s income statement shows a company that has grown steadily while becoming more profitable over the past several years. Sales have increased each year, and profits have grown even faster than sales, suggesting better pricing, mix, or operating efficiency. Both operating and net margins have widened, indicating stronger control over costs and good leverage on its fixed infrastructure. Earnings per share have climbed sharply, helped by both higher profits and likely share count management. Overall, the recent history points to a mature industrial distributor that is still finding ways to improve its profitability, not just grow its top line.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than it did a few years ago. Total assets and shareholders’ equity have risen, which means the company has been building its capital base and retaining more value on behalf of owners. Debt has increased modestly but not dramatically, and it appears manageable relative to the size of the business and its earnings power. Cash on hand has moved up meaningfully in the most recent year, adding a cushion for investments, downturns, or capital returns. In short, leverage seems under control and the financial foundation has been getting stronger, not weaker.

Cash Flow

Cash Flow Grainger’s cash flow profile is a key strength. The company consistently turns its accounting profits into real cash, with operating cash flow rising over time in line with, or better than, earnings. After funding capital expenditures, free cash flow has stayed solidly positive and has grown, even as the company has modestly stepped up its investment in facilities and systems. Capital spending remains a relatively small slice of cash flow, leaving room for debt repayment, dividends, buybacks, or further growth projects. This pattern suggests a business that is both capital-efficient and cash-generative, which typically allows more flexibility through economic cycles.

Competitive Edge

Competitive Edge Grainger holds a strong competitive position in industrial distribution, built over decades. Its edge comes from a very broad product catalog, a dense and efficient distribution network, and deep relationships with large customers who rely on it for critical maintenance and repair supplies. The dual model—high-touch solutions for complex, large accounts and online “endless assortment” for more straightforward needs—lets Grainger serve many types of customers without a one-size-fits-all approach. Embedded services like on-site inventory management (KeepStock) and technical support increase switching costs and make Grainger harder to displace. The main ongoing risks are aggressive price competition, potential new digital-only entrants, and sensitivity to industrial and manufacturing cycles, but the current setup reflects a wide and well-defended moat.

Innovation and R&D

Innovation and R&D Grainger does not rely on traditional lab-style R&D; instead, its “innovation” is in software, data, logistics, and customer solutions. The company has successfully transformed from a catalog seller into a digital-first operator, with the bulk of its high-touch revenue flowing through online channels and e-commerce integrations. It has invested heavily in advanced distribution centers, automation, and inventory systems that support fast, reliable delivery. A key focus area is artificial intelligence and machine learning, used to improve product search, personalize recommendations, and optimize inventory and logistics. Programs like KeepStock and the Zoro/MonotaRO online platforms show an emphasis on building tools that lock Grainger into customers’ daily workflows. The upside is a more scalable, data-driven business; the risk is execution—Grainger must keep pace with rapid technology changes and ensure these investments continue to deliver real customer value.

Summary

Overall, Grainger appears to be a financially solid, mature industrial distributor that has successfully layered modern technology onto a long-established physical network. Revenue and profitability have improved steadily, cash generation is strong, and the balance sheet has become more robust over time. The company’s competitive strength lies in its scale, logistics capabilities, and deeply embedded customer solutions, which together form a meaningful barrier to entry. Its digital and AI-focused investments suggest a clear strategy to stay ahead as procurement moves online and customers demand more integrated solutions. Key areas to watch include the sustainability of its higher margins, the economic cycle’s impact on demand, and execution on large infrastructure and technology projects, all of which will shape how durable its current advantages prove to be.

NEWS

October 31, 2025 · 8:00 AM UTC

GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2025

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October 29, 2025 · 10:17 AM UTC

GRAINGER DECLARES QUARTERLY DIVIDEND

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October 17, 2025 · 6:00 AM UTC

GRAINGER ANNOUNCES AGREEMENT TO DIVEST CROMWELL

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September 11, 2025 · 8:00 AM UTC

GRAINGER'S BUCKET BUILD VOLUNTEERS ASSEMBLED MORE THAN 4,000 DISASTER RELIEF KITS TO SUPPORT COMMUNITIES ACROSS NORTH AMERICA

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