15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.7% per year over the past 5 years.
Net income has grown faster than revenue (19.7% vs 8.7% per year).
Operating margin has expanded, at 13.9% in the latest year.
Free cash flow has grown 7.5% per year over the past 5 years.
Financial health
Total debt ($2.5B) exceeds cash ($585M); net debt is $1.9B.
Total debt has grown slower than revenue (0.7% vs 8.7% per year).
Operating income covered interest expense 31× in the latest year.
Total debt is 0.9× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 27.4% of earnings and 35.1% of free cash flow.
The dividend has grown 6.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$17.9B
$1.7B
39.1%
13.9%
$1.3B
$2.5B
$585M
2024
$17.2B
$1.9B
39.4%
15.4%
$1.6B
$2.8B
$1.0B
2023
$16.5B
$1.8B
39.4%
15.6%
$1.6B
$2.3B
$660M
2022
$15.2B
$1.5B
38.4%
14.5%
$1.1B
$2.3B
$325M
2021
$13.0B
$1.0B
36.2%
11.9%
$682M
$2.4B
$241M
2020
$11.8B
$695M
35.9%
8.6%
$926M
$2.4B
$585M
2019
$11.5B
$849M
38.3%
11.0%
$821M
$2.2B
$360M
2018
$11.2B
$782M
38.7%
10.3%
$818M
$2.2B
$538M
2017
$10.4B
$586M
39.3%
9.9%
$820M
$2.3B
$327M
2016
—
$606M
—
—
$740M
$2.3B
$274M
2015
—
$769M
—
—
$662M
$1.7B
$290M
2014
—
$802M
—
—
$572M
$460M
$227M
2013
—
$797M
—
—
$714M
$512M
$431M
2012
—
$690M
—
—
$566M
$546M
$452M
2011
—
$658M
—
—
$549M
$295M
$335M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4.7B
$555M
40.0%
16.7%
$569M
$2.4B
$695M
Dec '25
$4.4B
$451M
39.5%
14.3%
$269M
$2.5B
$585M
Sep '25
$4.7B
$294M
38.6%
11.0%
$339M
$2.4B
$535M
Jun '25
$4.6B
$482M
38.5%
14.9%
$202M
$2.3B
$597M
Mar '25
$4.3B
$479M
39.7%
15.6%
$521M
$2.3B
$666M
Dec '24
$4.2B
$475M
39.6%
15.0%
$170M
$2.8B
$1.0B
Sep '24
$4.4B
$486M
39.2%
15.6%
$523M
$2.3B
$1.4B
Jun '24
$4.3B
$470M
39.3%
15.1%
$335M
$1.8B
$769M
Mar '24
$4.2B
$478M
39.4%
15.8%
$542M
$1.8B
$804M
Dec '23
$4.0B
$395M
39.1%
13.9%
$477M
$2.3B
$660M
Sep '23
$4.2B
$476M
39.3%
15.9%
$398M
$2.3B
$601M
Jun '23
$4.2B
$470M
39.3%
15.8%
$355M
$2.3B
$515M
Mar '23
$4.1B
$488M
39.9%
16.6%
$356M
$2.3B
$461M
Dec '22
$3.8B
$384M
39.6%
14.3%
$312M
$2.3B
$325M
Sep '22
$3.9B
$426M
38.5%
15.3%
$335M
$2.3B
$315M
Jun '22
$3.8B
$371M
37.6%
13.9%
$144M
$2.3B
$262M
Mar '22
$3.6B
$366M
37.9%
14.6%
$286M
$2.3B
$364M
Dec '21
$3.4B
$283M
37.3%
12.4%
$155M
$2.4B
$241M
Sep '21
$3.4B
$297M
37.1%
13.0%
$111M
$2.4B
$328M
Jun '21
$3.2B
$225M
35.0%
10.4%
$195M
$2.4B
$547M
Valuation over time
How the market has priced GWW against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 21.0× (Mar '23) to 38.0× (Jun '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 3.6× (Jun '26).
The dividend yield has fallen from 1.1% (Mar '23) to 0.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is GWW growing its revenue and profit?
Over the past 5 years, W. W. Grainger's revenue has grown 8.7% per year, and net income grown 19.7% per year. These are computed facts, not advice.
How much debt does GWW have?
As of FY2025, W. W. Grainger reported $2.5B of total debt against $585M of cash; operating income covered interest expense 31×.
What is GWW's profit margin?
In FY2025, gross margin was 39.1%, operating margin 13.9%, and net margin 9.5%.
What is GWW's P/E ratio?
As of Jun '26, W. W. Grainger traded at a price-to-earnings ratio of about 38.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.