Graco Inc income statement
In fiscal 2025, Graco Inc reported revenue of $2.24bn, up 5.8% on the year before, operating income of $625m (a 27.9% margin) and net income of $522m, or $3.08 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 579 | 744 | 895 | 1,012 | 1,104 | 1,221 | 1,286 | 1,329 | 1,475 | 1,653 | 1,646 | 1,650 | 1,988 | 2,144 | 2,196 | 2,113 | 2,237 | 2,310 |
| Cost of revenue | — | — | — | — | — | — | — | 618 | 680 | 771 | 786 | 795 | 954 | 1,086 | 1,035 | 991 | 1,063 | 1,110 |
| Gross profit | 293 | 403 | 500 | 551 | 607 | 667 | 685 | 711 | 795 | 883 | 860 | 855 | 1,034 | 1,057 | 1,161 | 1,122 | 1,173 | 1,201 |
| Research and development | 38 | 38 | 42 | 49 | 51 | 54 | 59 | 60 | 59 | 63 | 68 | 72 | 80 | 80 | 83 | 87 | 82 | 82 |
| Selling and marketing | 116 | 136 | 151 | 164 | 178 | 195 | 202 | 213 | 231 | 245 | 234 | 220 | 272 | 251 | 261 | 274 | 274 | 280 |
| General and administrative | 65 | 77 | 88 | 113 | 98 | 109 | 122 | 125 | 126 | 138 | 133 | 136 | 151 | 154 | 171 | 191 | 206 | 218 |
| Operating income | 74 | 153 | 220 | 225 | 280 | 309 | 302 | 121 | 379 | 436 | 424 | 392 | 531 | 573 | 647 | 570 | 625 | 620 |
| Interest expense | 5 | 4 | 9 | 19 | 18 | 19 | 18 | 18 | 16 | 14 | 13 | 11 | 10 | 10 | 5 | 3 | 3 | 3 |
| Income before tax | 69 | 149 | 210 | 217 | 289 | 315 | 475 | 97 | 347 | 411 | 406 | 375 | 508 | 566 | 609 | 589 | 641 | 637 |
| Income tax | 20 | 46 | 67 | 68 | 78 | 90 | 129 | 56 | 95 | 70 | 62 | 44 | 69 | 105 | 102 | 103 | 119 | 120 |
| Net income | 49 | 103 | 142 | 149 | 211 | 226 | 346 | 41 | 252 | 341 | 344 | 330 | 440 | 461 | 507 | 486 | 522 | 517 |
| Diluted EPS | $0.27 | $0.56 | $0.77 | $0.81 | $1.12 | $1.22 | $1.95 | $0.24 | $1.45 | $1.97 | $2.00 | $1.92 | $2.52 | $2.66 | $2.94 | $2.82 | $3.08 | $3.11 |
| Diluted shares (average) | — | — | — | — | 188m | 185m | 177m | 171m | 174m | 173m | 172m | 172m | 175m | 173m | 172m | 172m | 169m | 166m |
| EBITDA | 110 | 187 | 252 | 263 | 317 | 344 | 347 | 169 | 424 | 484 | 473 | 447 | 591 | 639 | 721 | 657 | 732 | 729 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 549 | 528 | 572 | 543 | 593 | 540 | 591 | 586 |
| Cost of revenue | 269 | 251 | 272 | 254 | 286 | 260 | 274 | 290 |
| Gross profit | 279 | 278 | 300 | 289 | 307 | 281 | 317 | 296 |
| Research and development | 22 | 19 | 21 | 20 | 22 | 20 | 20 | 21 |
| Selling and marketing | 73 | 67 | 68 | 68 | 70 | 70 | 69 | 71 |
| General and administrative | 54 | 47 | 53 | 50 | 56 | 53 | 53 | 56 |
| Operating income | 130 | 144 | 157 | 165 | 159 | 138 | 175 | 148 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Income before tax | 132 | 151 | 158 | 168 | 163 | 140 | 181 | 152 |
| Income tax | 24 | 27 | 31 | 31 | 31 | 22 | 37 | 31 |
| Net income | 109 | 124 | 128 | 138 | 132 | 119 | 145 | 122 |
| Diluted EPS | $0.63 | $0.72 | $0.76 | $0.82 | $0.78 | $0.70 | $0.87 | $0.75 |
| EBITDA | 155 | 169 | 185 | 189 | 190 | 166 | 198 | 174 |
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