InsiderClue
Stocks · Industrials · Wholesale-Durable Goods

W. W. Grainger

GWW Clue Score63
United States Fiscal year ends December CIK 0000277135
$1,289.79 +1.66% Close, 9 Oct 2026
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Price $1,289.79 +211.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue10.14Operating income1.11Net income0.61EPS, diluted9.87Fiscal year 2017Revenue10.43 +2.8%Operating income1.04Net income0.59 −3.3%EPS, diluted10.02 +1.5%Fiscal year 2018Revenue11.22 +7.6%Operating income1.16Net income0.78 +33.4%EPS, diluted13.73 +37.0%Fiscal year 2019Revenue11.49 +2.4%Operating income1.26Net income0.85 +8.6%EPS, diluted15.32 +11.6%Fiscal year 2020Revenue11.80 +2.7%Operating income1.02Net income0.70 −18.1%EPS, diluted12.82 −16.3%Fiscal year 2021Revenue13.02 +10.4%Operating income1.55Net income1.04 +50.1%EPS, diluted19.84 +54.8%Fiscal year 2022Revenue15.23 +16.9%Operating income2.22Net income1.55 +48.3%EPS, diluted30.06 +51.5%Fiscal year 2023Revenue16.48 +8.2%Operating income2.57Net income1.83 +18.2%EPS, diluted36.23 +20.5%Fiscal year 2024Revenue17.17 +4.2%Operating income2.64Net income1.91 +4.4%EPS, diluted38.71 +6.8%Fiscal year 2025Revenue17.94 +4.5%Operating income2.50Net income1.71 −10.6%EPS, diluted35.40 −8.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 10.14 10.43 11.22 11.49 11.80 13.02 15.23 16.48 17.17 17.94
Growth +2.8% +7.6% +2.4% +2.7% +10.4% +16.9% +8.2% +4.2% +4.5%
Operating income 1.11 1.04 1.16 1.26 1.02 1.55 2.22 2.57 2.64 2.50
Net income 0.61 0.59 0.78 0.85 0.70 1.04 1.55 1.83 1.91 1.71
Growth −3.3% +33.4% +8.6% −18.1% +50.1% +48.3% +18.2% +4.4% −10.6%
EPS, diluted 9.87 10.02 13.73 15.32 12.82 19.84 30.06 36.23 38.71 35.40
Growth +1.5% +37.0% +11.6% −16.3% +54.8% +51.5% +20.5% +6.8% −8.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin40.6%Operating margin11.0%Net margin6.0%Free cash flow margin7.3%Fiscal year 2017Gross margin39.3%Operating margin9.9%Net margin5.6%Free cash flow margin7.9%Fiscal year 2018Gross margin38.7%Operating margin10.3%Net margin7.0%Free cash flow margin7.3%Fiscal year 2019Gross margin38.3%Operating margin11.0%Net margin7.4%Free cash flow margin7.1%Fiscal year 2020Gross margin35.9%Operating margin8.6%Net margin5.9%Free cash flow margin7.8%Fiscal year 2021Gross margin36.2%Operating margin11.9%Net margin8.0%Free cash flow margin5.2%Fiscal year 2022Gross margin38.4%Operating margin14.5%Net margin10.2%Free cash flow margin7.1%Fiscal year 2023Gross margin39.4%Operating margin15.6%Net margin11.1%Free cash flow margin9.6%Fiscal year 2024Gross margin39.4%Operating margin15.4%Net margin11.1%Free cash flow margin9.1%Fiscal year 2025Gross margin39.1%Operating margin13.9%Net margin9.5%Free cash flow margin7.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 40.6% 39.3% 38.7% 38.3% 35.9% 36.2% 38.4% 39.4% 39.4% 39.1%
Operating margin 11.0% 9.9% 10.3% 11.0% 8.6% 11.9% 14.5% 15.6% 15.4% 13.9%
Net margin 6.0% 5.6% 7.0% 7.4% 5.9% 8.0% 10.2% 11.1% 11.1% 9.5%
Free cash flow margin 7.3% 7.9% 7.3% 7.1% 7.8% 5.2% 7.1% 9.6% 9.1% 7.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1.02Capital expenditure−0.28Free cash flow0.74Buybacks−0.79Dividends paid−0.30Fiscal year 2017Operating cash flow1.06Capital expenditure−0.24Free cash flow0.82 +10.8%Buybacks−0.61Dividends paid−0.30Fiscal year 2018Operating cash flow1.06Capital expenditure−0.24Free cash flow0.82 −0.2%Buybacks−0.43Dividends paid−0.32Fiscal year 2019Operating cash flow1.04Capital expenditure−0.22Free cash flow0.82 +0.4%Buybacks−0.70Dividends paid−0.33Fiscal year 2020Operating cash flow1.12Capital expenditure−0.20Free cash flow0.93 +12.8%Buybacks−0.60Dividends paid−0.34Fiscal year 2021Operating cash flow0.94Capital expenditure−0.26Free cash flow0.68 −26.3%Buybacks−0.70Dividends paid−0.36Fiscal year 2022Operating cash flow1.33Capital expenditure−0.26Free cash flow1.08 +57.9%Buybacks−0.60Dividends paid−0.37Fiscal year 2023Operating cash flow2.03Capital expenditure−0.45Free cash flow1.59 +47.3%Buybacks−0.85Dividends paid−0.39Fiscal year 2024Operating cash flow2.11Capital expenditure−0.54Free cash flow1.57 −1.0%Buybacks−1.20Dividends paid−0.42Fiscal year 2025Operating cash flow2.02Capital expenditure−0.68Free cash flow1.33 −15.2%Buybacks−1.05Dividends paid−0.47
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.02 1.06 1.06 1.04 1.12 0.94 1.33 2.03 2.11 2.02
Capital expenditure −0.28 −0.24 −0.24 −0.22 −0.20 −0.26 −0.26 −0.45 −0.54 −0.68
Free cash flow 0.74 0.82 0.82 0.82 0.93 0.68 1.08 1.59 1.57 1.33
Growth +10.8% −0.2% +0.4% +12.8% −26.3% +57.9% +47.3% −1.0% −15.2%
Buybacks −0.79 −0.61 −0.43 −0.70 −0.60 −0.70 −0.60 −0.85 −1.20 −1.05
Dividends paid −0.30 −0.30 −0.32 −0.33 −0.34 −0.36 −0.37 −0.39 −0.42 −0.47

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.27Total debt1.86Net cash (debt)−1.59Shareholders’ equity1.80Debt to equity1.04Fiscal year 2017Cash0.33Total debt2.29Net cash (debt)−1.96Shareholders’ equity1.69Debt to equity1.35Fiscal year 2018Cash0.54Total debt2.17Net cash (debt)−1.63Shareholders’ equity1.92Debt to equity1.13Fiscal year 2019Cash0.36Total debt2.16Net cash (debt)−1.80Shareholders’ equity1.86Debt to equity1.16Fiscal year 2020Cash0.59Total debt2.40Net cash (debt)−1.81Shareholders’ equity1.83Debt to equity1.31Fiscal year 2021Cash0.24Total debt2.36Net cash (debt)−2.12Shareholders’ equity1.87Debt to equity1.26Fiscal year 2022Cash0.33Total debt2.32Net cash (debt)−1.99Shareholders’ equity2.44Debt to equity0.95Fiscal year 2023Cash0.66Total debt2.30Net cash (debt)−1.64Shareholders’ equity3.12Debt to equity0.74Fiscal year 2024Cash1.04Total debt2.78Net cash (debt)−1.74Shareholders’ equity3.36Debt to equity0.83Fiscal year 2025Cash0.59Total debt2.49Net cash (debt)−1.90Shareholders’ equity3.74Debt to equity0.67
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.27 0.33 0.54 0.36 0.59 0.24 0.33 0.66 1.04 0.59
Total debt 1.86 2.29 2.17 2.16 2.40 2.36 2.32 2.30 2.78 2.49
Net cash (debt) −1.59 −1.96 −1.63 −1.80 −1.81 −2.12 −1.99 −1.64 −1.74 −1.90
Shareholders’ equity 1.80 1.69 1.92 1.86 1.83 1.87 2.44 3.12 3.36 3.74
Debt to equity 1.04 1.35 1.13 1.16 1.31 1.26 0.95 0.74 0.83 0.67

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
40.6% 39.3% 38.7% 38.3% 35.9% 36.2% 38.4% 39.4% 39.4% 39.1%
11.0% 9.9% 10.3% 11.0% 8.6% 11.9% 14.5% 15.6% 15.4% 13.9%
10.1% 9.0% 9.6% 10.5% 8.0% 11.4% 14.1% 15.2% 15.1% 13.5%
6.0% 5.6% 7.0% 7.4% 5.9% 8.0% 10.2% 11.1% 11.1% 9.5%
7.3% 7.9% 7.3% 7.1% 7.8% 5.2% 7.1% 9.6% 9.1% 7.4%
Spending
29.6% 29.4% 28.4% 27.3% 27.3% 24.4% 23.9% 23.9% 24.0% 25.2%
2.8% 2.3% 2.1% 1.9% 1.7% 2.0% 1.7% 2.7% 3.2% 3.8%
37.9% 33.4% 23.9% 26.0% 20.3% 25.0% 24.8% 23.9% 23.0% 25.6%
Returns
33.7% 34.7% 40.7% 45.8% 38.0% 55.7% 63.4% 58.7% 56.8% 45.7%
10.6% 10.1% 13.3% 14.1% 11.0% 15.8% 20.4% 22.4% 21.6% 19.0%
Balance and payout
1.04 1.35 1.13 1.16 1.31 1.26 0.95 0.74 0.83 0.67
50.0% 51.9% 40.4% 38.6% 48.6% 34.2% 23.9% 21.4% 22.1% 27.4%
147.7% 110.9% 90.6% 125.2% 101.4% 154.3% 90.3% 78.3% 103.3% 113.6%