Graco Inc key statistics and ratios

In fiscal 2025, Graco Inc had return on equity of 19.9%, an operating margin of 27.9%, debt equal to 0.1% of equity and a current ratio of 3.15. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Graco Inc: financial ratios, annual
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
Gross margin	50.6%	54.2%	55.9%	54.4%	55.0%	54.6%	53.2%	53.5%	53.9%	53.4%	52.2%	51.8%	52.0%	49.3%	52.9%	53.1%	52.5%	52.0%
Operating margin	12.9%	20.6%	24.5%	22.2%	25.3%	25.3%	23.5%	9.1%	25.7%	26.4%	25.8%	23.7%	26.7%	26.7%	29.5%	27.0%	27.9%	26.8%
Net margin	8.5%	13.8%	15.9%	14.7%	19.1%	18.5%	26.9%	3.1%	17.1%	20.6%	20.9%	20.0%	22.1%	21.5%	23.1%	23.0%	23.3%	22.4%
Free-cash-flow margin	23.3%	11.4%	15.4%	16.9%	19.9%	17.2%	11.6%	17.6%	20.2%	19.0%	17.7%	19.6%	16.3%	8.2%	21.2%	24.4%	28.5%	26.0%
Return on equity	23.4%	43.4%	48.5%	38.4%	38.7%	36.7%	56.1%	6.7%	38.9%	46.2%	38.7%	28.6%	29.4%	25.8%	24.8%	20.2%	19.9%	20.2%
Return on assets	10.3%	20.4%	20.3%	13.6%	15.9%	15.7%	23.5%	3.1%	19.2%	23.8%	21.7%	18.0%	19.9%	18.9%	19.6%	16.6%	16.3%	15.8%
Asset turnover	1.22	1.48	1.27	0.92	0.83	0.85	0.88	1.01	1.12	1.15	1.04	0.90	0.90	0.88	0.85	0.72	0.70	0.71
Current ratio	1.82	2.11	4.44	5.12	4.69	4.86	2.62	2.83	2.62	2.41	2.77	3.19	2.69	3.01	3.46	3.69	3.15	2.13
Debt to equity	41.1%	26.6%	93.0%	122.5%	64.4%	103.2%	61.8%	53.3%	31.3%	35.4%	16.0%	11.7%	8.8%	4.0%	0.0%	0.0%	0.1%	4.2%
Interest cover (operating income ÷ interest)	15.3x	36.6x	24.0x	11.7x	15.4x	16.5x	17.1x	6.9x	23.4x	30.3x	32.4x	34.7x	52.0x	57.9x	124.6x	—	—	189.0x
Effective tax rate	28.7%	30.8%	32.1%	31.4%	27.0%	28.4%	27.2%	57.9%	27.3%	17.0%	15.3%	11.8%	13.5%	18.6%	16.8%	17.5%	18.6%	18.8%
R&D as % of revenue	6.5%	5.1%	4.6%	4.8%	4.7%	4.4%	4.6%	4.5%	4.0%	3.8%	4.1%	4.4%	4.0%	3.7%	3.8%	4.1%	3.7%	3.6%
Capital spending as % of revenue	2.0%	2.2%	2.7%	1.8%	2.1%	2.5%	3.2%	3.2%	2.7%	3.3%	7.8%	4.3%	6.7%	9.4%	8.4%	5.1%	2.0%	2.6%
Free cash flow ÷ net income	275.8%	82.2%	97.1%	115.0%	104.2%	93.4%	43.3%	575.0%	117.9%	92.1%	84.6%	97.7%	73.5%	38.3%	92.0%	105.9%	122.2%	116.0%
Dividends ÷ net income	92.8%	46.8%	35.6%	36.4%	29.0%	29.4%	20.1%	180.5%	31.9%	26.1%	31.0%	35.4%	28.9%	30.9%	31.3%	35.4%	35.1%	36.9%
Dividends and buybacks ÷ free cash flow	33.8%	85.6%	67.9%	32.5%	58.7%	124.2%	229.8%	53.0%	57.3%	106.2%	39.9%	67.9%	39.3%	213.1%	55.9%	39.5%	95.1%	119.3%

US$ thousands unless shown otherwise. Fiscal quarters.

Graco Inc: financial ratios, quarterly
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
Gross margin	50.9%	52.6%	52.4%	53.2%	51.7%	52.0%	53.7%	50.5%
Operating margin	23.7%	27.3%	27.5%	30.3%	26.7%	25.5%	29.6%	25.3%
Net margin	19.8%	23.5%	22.3%	25.3%	22.3%	21.9%	24.5%	20.7%
Free-cash-flow margin	31.2%	21.7%	28.5%	32.3%	31.1%	20.0%	27.3%	25.0%
Current ratio	3.69	3.61	3.55	3.18	3.15	3.56	2.99	2.13
Debt to equity	0.0%	—	—	—	0.1%	—	—	4.2%
R&D as % of revenue	4.0%	3.7%	3.6%	3.7%	3.7%	3.7%	3.4%	3.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · September 25, 2026

What it owns · $3.3bn

Short-term assets $1.1bnLonger-term assets $2.1bn

What it owes, and who funded it · $3.0bn

Short-term liabilities $524mShareholders' equity $2.5bn

Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $524m of liabilities due within a year.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt $140m of cash against $104m of debt.
Debt below 40% of shareholders' equity Debt is 4% of equity.
Debt burden no higher than five years ago Debt to equity moved from 4% to 4% over five years.
A year's operating cash flow covers at least 20% of debt $660m of operating cash flow against $104m of debt.
Operating profit covers interest at least five times over Operating income of $620m against $3m of interest.

From Graco Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

91 /100

Strong moat

How hard Graco's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 23.1% of total assets over 10 years.
Pricing power 18 / 20

Gross margin has been a median 52.3%, moving by 1.2 percentage points (standard deviation) across 10 years.
Durability 16 / 20

Operating margin has been a median 26.7%; its worst year was 13.1%.
Cash conversion 20 / 20

Free cash flow was positive in 10 of 10 years, at a median 19.3% of revenue.
Discipline 18 / 20

The diluted share count fell 4.5% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Graco Inc's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Graco Inc.