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GWW

NYSE · USD
W.W. Grainger, Inc.
Industrials · Industrial - Distribution
CEO Donald G. Macpherson Employees 22,100 R&D / revenue 0.0%
Last price
$1,330.70−0.04%last session
Market cap
$62.7B
P/E (TTM)
33.9x
From 52w high
−6.3%
From 52w low
+46.8%
1-year return
+39.7%
RSI 14 · vs SMA200
63.3 · +9.1%
IS score
61.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

GWW   SPY   XLI (sector ETF) · weekly closes
100110120130140Jan 26Apr 26Jul 26Oct 26GWW 140SPY 116XLI 111

Score DNA

Each bar is a 0-100 score within the scored universe
71
Profitability
48
Growth
44
Value
70
Momentum
100
Risk (safety)
80
Quality
76
Balance sheet
76
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
None of the computed warning flags fires for GWW (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 7 / 9Altman Z 13.3Beta 1.032 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
15 open-market sales, $3.2M
Form 144 notices (12m): 7, $33.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+97
171 new holders, 61 closed
1,371 filers hold 75.8% · 490 added, 436 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+257
1,162 funds adding shares
905 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
52.1%
20-day avg 56.0%, 50-day avg 57.2%
Latest 3.9 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$17.9B
Revenue growth YoY+4.5%
Gross margin39.1%
Operating income$2.7B
Operating margin15.0%
Net income$1.7B
Net margin9.5%
EPS (diluted)$35.40
Cash flow
Operating cash flow$2.0B
Capital expenditure$684.0M
Free cash flow$1.3B
FCF conversion (FCF / OCF)66.1%
Stock-based compensation$64.0M
FCF less SBC$1.3B
Buybacks$1.0B
Dividends$467.0M
Balance sheet & returns
Cash & short-term investments$585.0M
Total debt$2.9B
Net debt$2.3B
Shareholders' equity$4.1B
Goodwill & intangibles$625.0M
Debt / equity0.68
ROE (TTM)48.7%
ROIC (TTM)26.8%
Operating margin by fiscal year
11.9%FY202114.5%FY202215.6%FY202315.4%FY202413.9%FY2025
Revenue $13.0B (FY2021) to $17.9B (FY2025), a 8.3% CAGR.

Valuation

P/E (TTM)33.9x
EV / EBITDA21.5x
Price / sales3.33x
Price / FCF41.5x
FCF yield2.41%
Buyback yield1.67%
SBC / revenue0.4%
Price / book15.24x
Forward P/E FY202628.6x
Forward P/E FY202726.0x
Forward P/E FY202823.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $1,317.14 across 7 analysts last quarter is theirs, not ours.

GWW vs industry median

58 companies in Industrial - Distribution
Gross margin 39.4% 25.9% Operating margin 14.6% 5.9% Net margin 9.9% 3.7% ROIC 26.8% 10.5%
GWW (TTM)Industry median Asset turnover 1.96 vs industry 1.40 · financial leverage 2.33

Earnings delivery

Next report 2026-11-04 · consensus EPS $11.67
58%
beat rate, 7 of 12 quarters
+2.1%
median EPS surprise
2
longest beat streak
+6+3+0+2-1-0+4-1+2-0+14+6
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
GWW W.W. Grainger, Inc. $62.7B33.9x48.7%9.9%+4.5% +39.7%
FAST Fastenal Company $58.5B41.1x35.3%16.3%+13.5% +24.3%
FERG Ferguson plc $44.8B22.1x33.9%7.6%+3.7% −1.7%
WCC WESCO International, Inc. $16.6B23.3x14.2%3.1%+12.5% +56.3%
WSO Watsco, Inc. $12.2B25.6x16.5%7.8%−3.0% −17.0%
AIT Applied Industrial Technolog $12.1B29.8x22.4%8.8%+8.8% —
QXO QXO, Inc. $11.3Bn/m-5.0%-1.7%+408.2% —
CNM Core & Main, Inc. $7.7B17.2x23.4%6.7%−0.5% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-08-04Earnings Release; Exhibits
2026-08-03Officer/Director Change
2026-05-08Earnings Release; Exhibits
2026-05-01Shareholder Vote
2026-02-03Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-12-12Amendments to Articles of Incorporation or Bylaws

Context

Shares outstanding47,100,942
Free float91.5%
Institutional ownership75.8%
Beta1.03
Dividend yield0.71%
Last dividend$2.49 on 2026-08-10
50 / 200-day average$1,291.41 / $1,218.81
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where GWW sits among 20 scored companies in Industrial - Distribution (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureGWWIndustry medianIndustry percentileSector median
P/E (TTM) 33.5x 25.7x
86th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 8.38 3.14
100th		 1.42
Price / sales 3.3x 1.2x
89th		 2.0x
Price / book 15.2x 4.1x
100th		 2.9x
Price / tangible book 18.4x 9.9x
86th		 5.6x
Price / free cash flow 41.5x 21.9x
76th		 20.8x
Price / operating cash flow 28.8x 20.3x
78th		 14.5x
Enterprise value $64.9B $7.9B
100th		 $4.8B
EV / sales 3.4x 1.5x
89th		 2.4x
EV / EBITDA 21.5x 15.9x
82nd		 13.6x
EV / EBIT 23.5x 17.7x
80th		 19.9x
EV / free cash flow 43.0x 27.5x
76th		 24.3x
Earnings yield 3.0% 3.4%
37th		 3.3%
FCF yield 2.4% 4.1%
32nd		 3.8%
Operating cash flow yield 3.5% 4.6%
26th		 6.2%
Graham number (per share) $278.73 $65.13
100th		 $38.21

Profitability (TTM)

MeasureGWWIndustry medianIndustry percentileSector median
Gross margin 39.4% 30.0%
89th		 30.5%
EBITDA margin 16.0% 10.2%
95th		 14.3%
Operating margin 14.6% 8.4%
95th		 9.8%
EBIT margin 14.7% 8.6%
95th		 9.9%
Net margin 9.9% 5.7%
95th		 6.0%
NOPAT margin 10.7% 6.5%
95th		 7.8%
FCF margin 8.0% 5.5%
68th		 7.0%
Operating cash flow margin 11.5% 6.3%
89th		 11.2%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 24.8% 19.5%
74th		 14.1%
Stock comp / revenue 0.4% 0.4%
53rd		 0.6%
Effective tax rate 26.2% 23.4%
84th		 21.0%

Returns on capital

MeasureGWWIndustry medianIndustry percentileSector median
ROE (on average equity) 47.9% 16.5%
100th		 11.9%
ROA 20.2% 6.5%
95th		 4.8%
ROIC 31.9% 12.1%
95th		 8.7%
ROCE 37.0% 13.5%
95th		 9.4%
Return on tangible assets 29.8% 11.9%
95th		 7.9%
Cash ROIC (OCF / invested capital) 34.3% 14.6%
100th		 12.8%
Gross profitability (GP / assets) 77.2% 39.2%
95th		 19.2%
ROIC, 3-yr average 27.6% 10.4%
100th		 7.8%
ROIC, 5-yr average 34.3% 13.2%
100th		 8.6%
ROE, 5-yr average 54.6% 19.6%
100th		 12.5%
Incremental ROIC 115.7% 59.6%
74th		 20.5%

Growth

MeasureGWWIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 7.8% 5.4%
58th		 8.6%
Revenue growth (QoQ) 5.9% 11.6%
16th		 9.9%
Revenue CAGR, 3 yr 5.6% 4.8%
58th		 5.0%
Revenue CAGR, 5 yr 9.0% 8.4%
63rd		 8.3%
Gross profit CAGR, 3 yr 5.6% 5.1%
58th		 6.5%
Operating income CAGR, 3 yr 3.3% 2.4%
60th		 6.4%
Net income growth (TTM YoY) -2.7% 7.3%
15th		 11.3%
Net income CAGR, 3 yr 1.9% 1.9%
50th		 6.6%
EPS growth (TTM YoY) -0.9% 9.0%
15th		 13.3%
EPS CAGR, 3 yr 4.0% 4.0%
50th		 5.6%
EPS CAGR, 5 yr 19.0% 6.9%
77th		 8.3%
FCF growth (TTM YoY) 6.6% 9.2%
44th		 14.7%
FCF CAGR, 3 yr 3.6% -5.4%
62nd		 12.2%
Operating cash flow CAGR, 3 yr 9.8% -1.7%
69th		 8.8%
Book value CAGR, 3 yr 14.4% 9.5%
84th		 7.3%
Dividend CAGR, 3 yr 6.2% 3.3%
92nd		 2.7%
Sustainable growth rate 35.2% 12.4%
100th		 11.0%

Margin history & stability

MeasureGWWIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 39.3% 29.9%
89th		 30.6%
Operating margin, 3-yr average 15.0% 8.2%
95th		 10.0%
Net margin, 3-yr average 10.6% 4.8%
95th		 6.2%
FCF margin, 3-yr average 8.9% 4.9%
84th		 7.1%
Revenue stability (0-1) 0.96 0.86
84th		 0.81
Earnings stability (0-1) 0.78 0.35
79th		 0.47
Margin stability (0-1) 0.95 0.96
32nd		 0.90

Liquidity (latest quarter)

MeasureGWWIndustry medianIndustry percentileSector median
Cash & short-term investments $589.0M $269.3M
89th		 $249.6M
Net cash (− = net debt) −$2.2B −$594.7M
26th		 −$666.5M
Working capital $3.9B $1.2B
84th		 $376.4M
Current ratio 2.81 2.56
63rd		 1.79
Quick ratio 1.70 1.44
68th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.28 0.25
58th		 0.32
Defensive interval (days) 266 days 391 days
37th		 614 days

Leverage & solvency (latest quarter)

MeasureGWWIndustry medianIndustry percentileSector median
Total debt $2.8B $758.4M
79th		 $919.8M
Debt / equity 0.68 0.68
47th		 0.65
Net debt / equity 0.53 0.47
53rd		 0.46
Debt / assets 29.1% 31.6%
42nd		 29.3%
Debt / capital 40.4% 40.4%
47th		 39.5%
Debt / EBITDA 0.93 2.36
35th		 2.44
Net debt / EBITDA 0.73 2.19
35th		 1.86
Interest coverage (EBIT / interest) 34.1x 4.9x
87th		 5.0x
Cash interest coverage 26.9x 5.6x
81st		 6.1x
Debt payback (years of OCF) 1.3 yrs 3.8 yrs
33rd		 3.2 yrs
Liabilities / assets 53.1% 53.6%
47th		 56.7%
IS credit model rating AAA — —
Implied credit spread (bps) 50 150
0th		 200

Efficiency

MeasureGWWIndustry medianIndustry percentileSector median
Asset turnover 2.03 1.48
95th		 0.75
Fixed asset turnover 6.83 9.58
21st		 5.14
Inventory turnover 4.8 4.4
68th		 5.0
Receivables turnover 7.1 7.0
58th		 6.7
Days sales outstanding 51 days 52 days
42nd		 54 days
Days inventory outstanding 76 days 84 days
32nd		 72 days
Days payables outstanding 40 days 46 days
32nd		 41 days
Cash conversion cycle (days) 87 days 85 days
53rd		 63 days
Capex / revenue 3.5% 0.9%
95th		 3.0%
Capex / depreciation 2.59 0.49
100th		 0.76
Operating expense ratio 23.4% 21.6%
68th		 17.7%

Cash flow & earnings quality

MeasureGWWIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.16 1.33
36th		 1.50
FCF / net income 0.81 1.11
29th		 1.15
FCF / operating cash flow 69.4% 80.4%
22nd		 74.0%
Capex / operating cash flow 30.6% 19.6%
78th		 26.1%
Accruals ratio -3.3% -3.4%
53rd		 -4.0%
Sloan accruals ratio -0.5% 1.5%
37th		 -2.4%
Earnings quality score (0-1) 1.00 1.00
50th		 1.00

Dividends & buybacks

MeasureGWWIndustry medianIndustry percentileSector median
Dividend yield 0.7% 0.3%
63rd		 0.6%
Dividend per share (TTM) $9.50 $0.48
89th		 $0.44
Payout ratio (dividends / net income) 26.5% 26.5%
50th		 22.5%
Dividends / FCF 32.8% 40.3%
47th		 19.6%
Dividend growth (YoY) 14.6% 10.7%
69th		 5.6%
Buyback yield 1.6% 0.8%
63rd		 0.5%
Shareholder yield (dividends + buybacks) 2.4% 2.9%
42nd		 2.0%
Share count change (YoY) -1.9% -0.2%
16th		 0.0%
Buybacks, last 5 years $5.5B $138.7M
100th		 $76.0M

Scores & forensic checks

MeasureGWWIndustry medianIndustry percentileSector median
IS score 61 59
74th		 53
IS profitability 71 42
95th		 37
IS growth 48 52
32nd		 54
IS value 44 50
21st		 47
IS momentum 70 70
53rd		 76
IS risk (safety) 100 100
47th		 80
IS quality 80 65
89th		 67
IS balance sheet 76 59
74th		 56
IS earnings quality 76 73
79th		 70
IS cash flow 55 52
53rd		 54
Piotroski F-score (0-9) 7 6
68th		 6
Altman Z-score 13.3 4.3
95th		 3.3
Beneish M-score −2.50 −2.49
42nd		 −2.52
Ohlson O-score −9.26 −7.61
21st		 −7.49
IS credit score 96 74
84th		 65

Per share

MeasureGWWIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $39.53 $3.21
100th		 $2.21
Book value per share $87.34 $28.66
95th		 $18.38
Tangible book per share $82.18 $7.44
100th		 $4.39
Revenue per share $398.41 $103.88
95th		 $36.64
FCF per share $31.92 $3.59
100th		 $2.70
Operating cash flow per share $45.98 $5.41
100th		 $4.28
Cash per share $12.45 $2.81
84th		 $3.02

Size (TTM)

MeasureGWWIndustry medianIndustry percentileSector median
Market cap $62.7B $6.8B
100th		 $3.9B
Revenue $18.8B $5.2B
89th		 $2.7B
EBITDA $3.0B $524.6M
95th		 $394.8M
Net income $1.9B $315.2M
95th		 $136.3M
Free cash flow $1.5B $187.5M
100th		 $162.9M
Total assets $9.6B $3.8B
84th		 $3.5B
Shareholders' equity $4.1B $1.9B
79th		 $1.4B
Employees 23,550 6,950
95th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Thomson Laurie R
Interim CFO and VP, Controller
 Award / grant 590——989
2026-09-01Perez Beatriz R
Director
 Award / grant 10——5,365
2026-09-01White Steven Andrew
Director
 Award / grant 5——5
2026-09-01White Steven Andrew
Director
 Gift 5——0
2026-09-01White Steven Andrew
Director
 Gift 5——2,924
2026-09-01Watson Lucas E
Director
 Award / grant 12——6,023
2026-09-01Williams Susan Slavik
Director
 Award / grant 4——2,473
2026-09-01Santi Ernest Scott
Director
 Award / grant 20——10,653
2026-09-01Novich Neil S
Director
 Award / grant 64——64
2026-09-01Novich Neil S
Director
 Gift 64——0
2026-09-01Novich Neil S
Director
 Gift 64——33,708
2026-09-01Miller Cindy J
Director
 Award / grant 1——537

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired413,575—
GiftDisposed834,302—
GiftAcquired834,302—
Open-market saleDisposed152,624$3.2M
Tax withholdingDisposed2522$606,225
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 7 notices · 33,332 shares · $33.5M
FiledFilerShares proposedEst. proceeds
2026-05-12Jonathan Michael Leroy854$1.1M
2026-05-12Paige Robbins1,457$1.8M
2026-05-12Laurie Thomson313$385,520
2026-04-02Deidra C Merriwether1,488$1.6M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 5 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-07-13Jared MoskowitzHouseSale$1,001 - $15,0002026-08-28
2026-07-13Jared MoskowitzHouseSale (Partial)$1,001 - $15,0002026-08-28
2026-07-12Jared MoskowitzHouseSale (Partial)$1,001 - $15,0002026-08-28
2026-04-13Ro KhannaHousePurchase$1,001 - $15,0002026-05-13
2025-01-17Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002025-02-13
2025-01-17Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002025-02-12
2025-01-17Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002025-02-12
2024-09-20Shelley Moore CapitoSenateSale (Partial)$1,001 - $15,0002024-10-05
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.4,633,213$6.3B9.84%
VANGUARD CAPITAL MANAGEMENT LLC2,881,429$3.9B6.12%
VANGUARD PORTFOLIO MANAGEMENT LLC2,306,592$3.1B4.90%
STATE STREET CORP2,008,993$2.7B4.27%
GEODE CAPITAL MANAGEMENT, LLC1,370,120$1.9B2.91%
WELLS FARGO & COMPANY/MN892,084$1.2B1.89%
WELLINGTON MANAGEMENT GROUP LLP775,644$1.1B1.65%
Clearbridge Investments, LLC754,171$1.0B1.60%
PRICE T ROWE ASSOCIATES INC /MD/694,196$944.4M1.47%
PARNASSUS INVESTMENTS, LLC602,775$820.0M1.28%
FRANKLIN RESOURCES INC545,312$741.8M1.16%
GOLDMAN SACHS GROUP INC514,146$699.4M1.09%
FMR LLC510,630$694.7M1.08%
NORGES BANK487,087$662.6M1.03%
BANK OF AMERICA CORP /DE/456,577$621.1M0.97%

Institutional ownership by quarter

2023-092026-0675.8%
% of shares held by 13F filers
2023-092026-061,371
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,37175.8%17149043661
2026-03-311,27472.8%13443044286
2025-12-311,25075.0%171384459104
2025-09-301,20571.5%93379474132
2025-06-301,26373.5%13144844587
2025-03-311,24273.6%126406470136
2024-12-311,26974.0%16639946762
2024-09-301,18874.5%12442641571
2024-06-301,15074.6%86407441105
2024-03-311,18974.2%15037845464
2023-12-311,12175.0%17229446966
2023-09-301,03175.4%10231740988

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.0%3,311,410
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-07-29SCHEDULE 13G/AThe Vanguard Group11.7%5,627,263
2025-01-29SCHEDULE 13G/ASusan Slavik Williams5.7%2,794,042
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.08%$1.8B
VTI0.08%$1.8B
VSMPX0.08%$1.8B
VTSAX0.08%$1.8B
VOO0.08%$1.4B
VFFSX0.08%$1.4B

Share structure

Shares outstanding47,100,942
Float43,102,543
Free float91.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$13.0B$15.2B$16.5B$17.2B$17.9B
Cost of revenue$8.3B$9.4B$10.0B$10.5B$10.9B
Gross profit$4.7B$5.8B$6.5B$6.7B$7.0B
R&D$0$0$0$0$0
SG&A$3.2B$3.6B$3.9B$4.0B$4.3B
Operating income$1.5B$2.2B$2.6B$2.6B$2.7B
EBITDA$1.7B$2.4B$2.8B$2.9B$2.8B
Pretax income$1.5B$2.1B$2.5B$2.6B$2.4B
Income tax$371.0M$533.0M$597.0M$595.0M$622.0M
Net income$1.0B$1.5B$1.8B$1.9B$1.7B
EPS, diluted$19.98$30.27$36.51$38.71$35.40
Diluted shares52.2M51.1M50.1M49.0M48.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$241.0M$325.0M$660.0M$1.0B$585.0M
Receivables$1.8B$2.1B$2.2B$2.2B$2.3B
Inventory$1.9B$2.3B$2.3B$2.3B$2.4B
Total current assets$4.0B$5.0B$5.3B$5.7B$5.5B
PP&E, net$1.8B$1.8B$2.1B$2.3B$2.6B
Goodwill & intangibles$622.0M$603.0M$604.0M$598.0M$625.0M
Total assets$6.6B$7.6B$8.1B$8.8B$9.0B
Accounts payable$816.0M$1.0B$954.0M$952.0M$963.0M
Total current liabilities$1.5B$2.0B$1.8B$2.3B$1.9B
Long-term debt$2.4B$2.3B$2.3B$2.3B$2.7B
Total liabilities$4.4B$4.9B$4.7B$5.1B$4.8B
Shareholders' equity$2.2B$2.7B$3.4B$3.7B$4.1B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.1B$1.6B$1.9B$2.0B$1.8B
Depreciation & amortization$187.0M$205.0M$214.0M$237.0M$254.0M
Stock-based compensation$42.0M$48.0M$62.0M$62.0M$64.0M
Change in working capital−$495.0M−$616.0M−$255.0M−$276.0M−$428.0M
Operating cash flow$937.0M$1.3B$2.0B$2.1B$2.0B
Capital expenditure−$255.0M−$256.0M−$445.0M−$541.0M−$684.0M
Free cash flow$682.0M$1.1B$1.6B$1.6B$1.3B
Investing cash flow−$226.0M−$263.0M−$422.0M−$520.0M−$645.0M
Net debt issued / repaid−$8.0M$1.0M−$30.0M$464.0M−$290.0M
Buybacks−$695.0M−$603.0M−$850.0M−$1.2B−$1.0B
Dividends paid−$357.0M−$370.0M−$392.0M−$421.0M−$467.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin36.2%38.4%39.4%39.4%39.1%
Operating margin11.9%14.5%15.6%15.4%13.9%
Net margin8.0%10.2%11.1%11.1%9.5%
FCF margin5.2%7.1%9.6%9.1%7.4%
ROE56.3%71.7%65.9%59.0%45.5%
ROIC26.4%34.5%37.5%36.9%27.6%
ROA16.2%21.8%23.2%22.5%19.2%
Debt / equity1.471.110.880.950.76
Interest coverage18.1x24.1x27.9x34.6x31.0x
Current ratio2.622.482.882.492.83
Revenue growth+10.4%+16.9%+8.2%+4.2%+4.5%
EPS growth+55.6%+51.2%+20.6%+6.5%−8.6%
P/E at year end24.7x17.7x22.1x26.7x28.2x
EV / EBITDA at year end16.1x12.1x15.1x18.3x18.3x
FCF yield at year end2.65%3.92%3.92%3.09%2.77%
Dividend payout34.2%23.9%21.4%22.1%27.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
High-Touch Solutions (N.A.)$10.2B$12.2B$13.3B$13.7B$14.0B
Endless Assortment$2.6B$2.8B$2.9B$3.1B$3.6B

Revenue by region · FY2025

UNITED STATES$14.4B · 80%
JAPAN$2.2B · 12%
CANADA$683.0M · 4%
Other Foreign Countries$645.0M · 4%

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $11.67 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$19.7B$19.5B – $19.7B$46.54$45.67 – $47.241228.6x
2027$21.1B$20.9B – $21.3B$51.13$49.71 – $52.501326.0x
2028$22.4B$21.9B – $22.9B$56.01$53.55 – $58.05723.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$11.30$12.01+6.3%$5.0B$5.0B+1.3%
2026-05-07$10.21$11.65+14.1%$4.6B$4.7B+3.6%
2026-02-03$9.46$9.44−0.2%$4.4B$4.4B+0.6%
2025-10-31$9.98$10.21+2.3%$4.6B$4.7B+0.3%
2025-08-01$10.07$9.97−1.0%$4.5B$4.6B+0.6%
2025-05-01$9.48$9.86+4.0%$4.3B$4.3B−0.3%
2025-01-31$9.74$9.71−0.3%$4.2B$4.2B−0.2%
2024-10-31$9.97$9.87−1.0%$4.4B$4.4B−0.3%
2024-08-01$9.58$9.76+1.9%$4.4B$4.3B−0.9%
2024-04-25$9.62$9.620.0%$4.3B$4.2B−0.6%
2024-02-02$8.05$8.33+3.5%$4.0B$4.0B−1.0%
2023-10-26$8.93$9.43+5.6%$4.0B$4.2B+3.9%
2023-07-27$9.13$9.28+1.6%$4.2B$4.2B−0.5%
2023-04-27$8.51$9.61+12.9%$4.1B$4.1B+0.4%
2023-02-02$7.01$7.14+1.9%$3.8B$3.8B+0.8%
2022-10-28$7.25$8.27+14.1%$3.9B$3.9B+1.5%
2022-07-29$6.65$7.19+8.1%$3.7B$3.8B+3.8%
2022-04-28$6.12$7.07+15.5%$3.5B$3.6B+4.3%
2022-02-03$5.24$5.44+3.8%$3.3B$3.4B+2.8%
2021-10-29$5.30$5.65+6.6%$3.3B$3.4B+1.3%
2021-07-30$4.61$4.27−7.4%$3.2B$3.2B0.0%
2021-04-30$4.30$4.48+4.2%$3.0B$3.1B+4.4%
2021-02-03$3.86$3.66−5.2%$3.1B$2.9B−4.9%
2020-10-22$4.15$4.52+8.9%$2.8B$3.0B+8.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-150.606-220.406-290.407-060.607-130.407-200.507-270.808-030.408-100.308-170.308-240.408-31
Week ofNotionalSharesTrades
2026-08-31$354.8M271,60631,848
2026-08-24$311.1M236,33234,049
2026-08-17$344.8M263,08032,064
2026-08-10$403.4M308,93136,008
2026-08-03$803.2M616,07652,337
2026-07-27$495.0M359,91136,759

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1552.1%
DateShort shareShort volumeTotal volume
2026-10-1552.1%54,813105,267
2026-10-1448.0%98,087204,139
2026-10-1358.5%53,29491,140
2026-10-1260.5%41,08667,906
2026-10-0968.5%45,43266,365
2026-10-0857.5%41,92372,863
2026-10-0767.6%64,91696,053
2026-10-0655.5%34,23761,642
2026-10-0557.8%45,79079,176
2026-10-0251.2%53,901105,256
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.6Jan+1.5Feb+1.3Mar+2.6Apr+0.2May+0.5Jun+2.0Jul+1.8Aug+0.3Sep+3.1Oct+3.3Nov+1.8Dec
MonthAvg returnUp yearsYears
Jan+0.6%55%20
Feb+1.5%55%20
Mar+1.3%62%21
Apr+2.6%75%20
May+0.2%50%20
Jun+0.5%45%20
Jul+2.0%50%20
Aug+1.8%60%20
Sep+0.3%45%20
Oct+3.1%65%20
Nov+3.3%65%20
Dec+1.8%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1463.3
MFI54.8
ADX15.8
Stochastic %K / %D86.2 / 92.4
Williams %R-21.4
CCI170
TSI / signal11.6 / -1.9
Chaikin money flow0.16
ATR$27.41
Bollinger width8.6%
Volume vs 20-day avg0.66x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$1,283.01 (+3.7%)
SMA 50$1,292.32 (+3.0%)
SMA 200$1,219.86 (+9.1%)
EMA 21$1,294.57 (+2.8%)
EMA 50$1,294.71 (+2.8%)
EMA 200$1,227.39 (+8.4%)
Bollinger upper$1,338.12 (−0.6%)
Bollinger lower$1,227.89 (+8.4%)
Parabolic SAR$1,267.14 (+5.0%)
Open the live chart, 110+ indicators

About W.W. Grainger, Inc.

W.W. Grainger, Inc. stands as a significant global supplier of maintenance, repair, and operating (MRO) supplies and related services. Its market presence spans several international regions, including the United States, Japan, Canada, and the United Kingdom. The company structures its operations into two principal divisions: High-Touch Solutions N.A. and Endless Assortment. Grainger's extensive product offerings cover essential categories such as safety and security provisions, equipment for material handling and storage, plumbing and pump components, cleaning and facility upkeep items, and both metalworking and general hand tools. Furthermore, it delivers vital support functions, including inventory management and expert technical assistance. The firm serves a wide array of organizational customers, from private businesses and large corporations to government bodies and other institutions, reaching them through both dedicated sales and service teams and its robust digital and e-commerce platforms. Established in 1927, W.W. Grainger, Inc. maintains its corporate headquarters in Lake Forest, Illinois.

https://www.grainger.com

Key executives

NameTitlePayBorn
Donald G. MacphersonChairman & Chief Executive Officer$3.2M1968
Paige K. RobbinsSenior Vice President & President of Grainger Business Unit$1.5M1969
Deidra Cheeks MerriwetherChief Financial Officer & Senior Vice President$1.5M1969
Melanie J. TintoSenior Vice President & Chief Human Resources Officer$1.3M1973
Nancy L. Berardinelli-KrantzSenior Vice President & Chief Legal Officer$1.2M1978
Jonny LeRoySenior Vice President & Chief Technology Officer$1.2M1972
Brian Charles WalkerSenior Vice President of Sales & Onsite Services—1978
Laurie R. ThomsonInterim CFO, VP, Controller & Principal Accounting Officer—1973

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
D.G. Macpherson Chairman of the Board & Chief Executive Officer2025$1.2M$8.5M$1.7M$11.6M
Melanie J. Tinto Senior Vice President & Chief Human Resources Officer2025$427,885$3.7M$0$5.0M
Deidra C. Merriwether Senior Vice President & Chief Financial Officer2025$743,836$2.7M$697,500$4.2M
Paige K. Robbins Senior Vice President & President Grainger Business Unit2025$743,836$2.2M$697,500$3.7M
Nancy L. Berardinelli-Krantz Senior Vice President & Chief Legal Officer2025$668,836$1.7M$502,200$2.9M

Employees

23k201824k201922k202023k202123k202223k202324k202422k2025

Dividends

Ex-dateAmountPaid
2026-08-10$2.492026-09-01
2026-05-11$2.492026-06-01
2026-02-09$2.262026-03-01
2025-11-10$2.262025-12-01
2025-08-11$2.262025-09-01
2025-05-12$2.262025-06-01
2025-02-10$2.052025-03-01
2024-11-08$2.052024-12-01

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage72
Intangibles63
Switching costs64
Network effect55
Efficient scale95
Our component scores (0-100) and overall 68.7; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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