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W. W. Grainger (GWW) stock

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NYSE: GWW NYSE Industrial Machinery & Supplies & Components Next results ~November 4, 2026

B Fundamentals grade

W. W. Grainger is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$690

Cash-flow model

Base case. Range ~$510–$930 across our lower- and higher-growth cases (1.7%–11.7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 50% below it.

Price used: $1377.66, November 2, 2026

W. W. Grainger valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter W. W. Grainger files

Where W. W. Grainger stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $18.8bn, up 7.8% on a year earlier, faster than 6.6% a quarter earlier. Free-cash-flow margin held at 8.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 5 financial-health checks. Our cash-flow model value is $693 a share, against a share price of $1,333. At that price, our model says the market is pricing in about 18.1% a year of cash-flow growth for five years, faster than the 7.7% a year revenue growth it has delivered.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

W. W. Grainger's trailing-twelve-month revenue grew 7.8% year on year, with a free-cash-flow margin of 8.0%. Where it stands out: stock pay as % of revenue of 0.4% ranks 5 of 70 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$690 per share in the base case (~$510–$930 across growth scenarios) — model values under stated assumptions, not a price target.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.9% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $1,377.66 is 50% above our value per share of $690.
  • Insiders selling. 6 insiders sold $34M of stock over the past 365 days and none bought (90% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$12.01 against an average estimate of $11.30: beat by 6.3%
Revenue
$5.02bn, up 10.3% on a year earlier
Share reaction
-6.3% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
net Sales $19.4bn to $19.7bn (2026); sales growth growth 8.4% to 10% (2026)
Next report
November 4, 2026; average EPS estimate $11.66

W. W. Grainger's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week+1.5%
  • 1 month+7.6%
  • This year+37.3%
  • 1 year+41.9%
  • 5 years+205.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$18.8B
Operating margin
14.6%
Net margin
9.9%
EPS (TTM, diluted)
$39.33

Growth

Revenue growth
+7.8%
Change in growth rate
+1.2 pts
Share count change
−1.9%

Cash

Free cash flow (TTM)
$1.5B
FCF margin
8.0%
Stock pay % of revenue
0.4%

Earnings

Last results
August 4, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance
  3. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

W. W. Grainger valuation models and calculator

What the price is pricing in

The share price implies about 18.6% a year of cash-flow growth for five years.That is faster than the 7.7% a year revenue growth W. W. Grainger has delivered.

  • Priced in18.6%
  • Last 12 months7.8%
  • 3 years a year5.6%
  • 5 years a year7.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($1369.79, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$690
Price used
$1369.79close November 3, 2026
Implied change
▼ 49%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of W. W. Grainger's free cash flow after stock-based pay with after-tax interest added back ($1.6B, FY2026 Q2 TTM), growing 7.7% and 6.9% in the next two years (forecasts, guidance and its record), then back to 6.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$510–~$930 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of W. W. Grainger's free cash flow after stock-based pay ( $1.6B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value W. W. Grainger as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.91 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$690 ~$510–$930 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$880 ~$800–$1100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$580 ~$500–$690 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$710 ~$580–$880 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare W. W. Grainger with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −13%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $439$612$843$1147$1543$2055
8.5% $324$450$617$834$1116$1480
10% $255$353$481$647$862$1138

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$171.81$201.48$210.24$255.83$312.75$384.21$494.86$538.14$810.09$1038.59$1003.15$1377.66
Market value$11.3bn$12.3bn$12.2bn$14.5bn$17.2bn$20.6bn$25.8bn$27.5bn$40.6bn$50.9bn$48.2bn$65.5bn
+ Net debt (− = net cash)$1.7bn$2.0bn$2.0bn$1.7bn$1.9bn$1.8bn$2.1bn$2.0bn$1.7bn$1.7bn$1.9bn$1.8bn
Enterprise value$13.0bn$14.3bn$14.2bn$16.1bn$19.0bn$22.5bn$28.0bn$29.5bn$42.2bn$52.6bn$50.1bn$67.3bn
Multiples
Price / sales 1.1x1.2x1.2x1.3x1.5x1.7x2.0x1.8x2.5x3.0x2.7x3.5x
Price / earnings 14.7x20.2x20.8x18.5x20.2x29.7x24.8x17.8x22.2x26.7x28.2x35.0x
Price / free cash flow 17.1x16.6x14.9x17.7x20.9x22.3x37.9x25.5x25.6x32.4x36.2x43.4x
EV / EBITDA 8.6x10.7x11.1x11.4x12.9x18.9x16.3x12.2x14.9x17.9x17.7x21.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

79 /100

Strong moat

How hard W. W. Grainger'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

    Net income has been a median 16.2% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 39.1%, moving by 1.4 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 12.3%; its worst year was 7.6%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 10 of 10 years, at a median 7.9% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.5% over five years; stock-based pay has been a median 0.4% 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.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $5.1bn and EPS of $11.66 (range $11.41 to $12.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $46.47 +18% $19.7bn +10%
Next $51.06 +10% $21.1bn +7%

Next year's EPS estimate has moved +1.2% in 90 days, across 19 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.8% on 90 days ago. In the last 30 days, 2 analysts raised W. W. Grainger's forecast and 3 cut it.

Consensus EPS forecast W. W. Grainger, last 90 days
$44.00 $46.00 $48.00 $50.00 $52.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $45.65 Current fiscal year, 60 days ago: $46.46 Current fiscal year, 30 days ago: $46.43 Current fiscal year, 7 days ago: $46.47 Current fiscal year, Now: $46.47 $46.47 Next fiscal year, 90 days ago: $50.48 Next fiscal year, 60 days ago: $51.04 Next fiscal year, 30 days ago: $50.97 Next fiscal year, 7 days ago: $51.06 Next fiscal year, Now: $51.06 $51.06

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $45.65$50.48
60 days ago $46.46$51.04
30 days ago $46.43$50.97
7 days ago $46.47$51.06
Now $46.47$51.06

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $11.30 $12.01 +6.3%
Mar 2026 $10.21 $11.65 +14.1%
Dec 2025 $9.46 $9.44 −0.2%
Sept 2025 $9.95 $10.21 +2.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net Sales 2026 $19.4bn to $19.7bn Non-GAAP Raised
    “Net Sales $19.2 - $19.6 billion $19.4 - $19.7 billion” source
  • Sales growth 2026 8.4% growth to 10% growth Non-GAAP Raised
    “Sales growth 6.7% - 9.1% 8.4% - 10.0%” source
  • Daily, organic constant currency sales growth 2026 11.5% growth to 13% growth Non-GAAP Raised
    “Daily, organic constant currency sales growth 9.5% - 12.0% 11.5% - 13.0%” source
  • Diluted Earnings per Share 2026 $45.50 to $47.25 Non-GAAP Raised
    “Diluted Earnings per Share $44.25 - $46.25 $45.50 - $47.25” source
  • Gross Profit Margin 2026 39.3% to 39.6% Non-GAAP Raised
    “Gross Profit Margin 39.2% - 39.5% 39.3% - 39.6%” source
  • Operating Margin 2026 15.8% to 16.2% Non-GAAP Raised
    “Operating Margin 15.6% - 16.0% 15.8% - 16.2%” source
Show 6 more items
  • Segment Operating Margin · High-Touch Solutions - N.A. 2026 17.2% to 17.6% Non-GAAP Raised
    “High-Touch Solutions - N.A. 17.0% - 17.4% 17.2% - 17.6%” source
  • Segment Operating Margin · Endless Assortment 2026 10.4% to 10.8% Non-GAAP Raised
    “Endless Assortment 10.2% - 10.6% 10.4% - 10.8%” source
  • Operating Cash Flow 2026 $2.25bn to $2.4bn Non-GAAP Raised
    “Operating Cash Flow $2.2 - $2.4 billion $2.25 - $2.4 billion” source
  • CapEx (cash basis) 2026 $0.575bn to $0.65bn Non-GAAP Raised
    “CapEx (cash basis) $0.55 - $0.65 billion $0.575 - $0.65 billion” source
  • Share Buyback 2026 $0.975bn to $1.05bn Non-GAAP Raised
    “Share Buyback $0.95 - $1.05 billion $0.975 - $1.05 billion” source
  • Effective Tax Rate 2026 about 25% Non-GAAP Maintained
    “Effective Tax Rate ~25.0% ~25.0%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows W. W. Grainger's revenue by +7.7% next year and +6.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.1%, weight 69%) and the company's own record (+6.7%, weight 31%) . How the weights are set.

Analyst recommendations

19 analysts, Oct 2026
Buy316%
Hold1474%
Sell211%

Monthly trend

  1. Oct 2026314219
  2. Sep 2026313219
  3. Aug 2026314219
  4. Jul 2026314219

Counts of recommendations published by analysts covering W. W. Grainger, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.1%
of tradable shares
Days to cover
4.45
at average volume
Short interest, 1 month
+19%
to October 15, 2026
Held by institutions
77%
of shares
Held by insiders
6.3%
of shares
Employees
22,100
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +41.9%

$970.98 on October 31, 2025 to $1377.66

ThenNowEffect
Revenue (last 12 months) $17.5bn $18.8bn +7.8%
Net margin 11.0% 9.9% −9.7%
P/E multiple 24.5x 35.0x +43.1%
Share count 48m 48m +1.9%

Biggest factor: p/e multiple.

Last 3 years +84.0%

$748.71 on November 3, 2023 to $1377.66

ThenNowEffect
Revenue (last 12 months) $16.0bn $18.8bn +17.7%
Net margin 11.0% 9.9% −10.1%
P/E multiple 21.4x 35.0x +63.4%
Share count 51m 48m +6.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GWW+29%+9%+51%+28%−3%+37%
Industry peers (median)+19%−15%+19%+2%+13%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GWW67%42%67%75%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GWW−17%−17%−15%−14%−19%−13%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from August 21, 2018 to March 23, 2020. Getting back needed a 71% gain, reached on August 12, 2020, 142 days after the low.

Price behaviour

52-week range
$912.82 – $1399.30
From 52-week high
−1.5%
vs 50-day average
+5.8%
vs 200-day average
+11.5%
Volatility (1 year)
23%
Beta vs S&P 500
0.49

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.2%
After a week
6 up, 6 down
typical move ±5.3%
After a month
9 up, 3 down
typical move ±6.4%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −6.3% +1.6% −4.9% −6.1%
May 8, 2026 −0.4% +1.1% +3.3% +8.0%
February 3, 2026 +9.0% −1.3% +8.6% +4.7%
October 31, 2025 +1.1% +0.5% −0.1% +0.8%
August 1, 2025 −9.7% −0.1% −8.6% −1.9%
May 1, 2025 +4.3% +2.2% +2.1% +5.1%
January 31, 2025 −7.0% −1.2% −8.0% −12.0%
October 31, 2024 +0.5% −1.5% +8.2% +8.8%
August 1, 2024 −2.5% −3.3% −0.5% +1.0%
April 25, 2024 −3.0% +0.6% −3.6% +1.1%
February 2, 2024 +2.5% +0.7% +4.1% +7.1%
October 26, 2023 +4.3% −1.6% +11.6% +19.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How W. W. Grainger’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.65× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

GWW W. W. Grainger Grade B $1,379.88

Own 100 shares, sell the $1,420 call expiring December 18, 2026 (46 days) for $32.80 a share — $3,280 per contract.

Previous session · Bid $32.80, ask $39.70, quoted Mon 2 Nov, 17:25 New York time with GWW at $1,379.88. Option prices move with the shares: check the live chain at your broker before trading.

  • If GWW ends below $1,420: you keep your shares and the $3,280 — 2.4% extra on the position, 18.9% a year at that pace.
  • If it ends above $1,420: your shares are sold at $1,420, a total return of 5.3% including the premium — at or above our value of ~$690.
$7.3k $0 −$26.9k Break-even $1,347.08 Price $1,379.88 ← Our value ~$690
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$3,280
Annualised
18.9%
Break-even
$1,347.08
Max gain
$7,292.12
Chance of selling
~43%

Results are expected around November 4, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

W. W. Grainger in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) W. W. Grainger
$16B $17B $18B $19B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $16.3B Revenue (TTM), FY23 Q4: $16.5B Revenue (TTM), FY24 Q1: $16.6B Revenue (TTM), FY24 Q2: $16.8B Revenue (TTM), FY24 Q3: $16.9B Revenue (TTM), FY24 Q4: $17.2B Revenue (TTM), FY25 Q1: $17.2B Revenue (TTM), FY25 Q2: $17.5B Revenue (TTM), FY25 Q3: $17.8B Revenue (TTM), FY25 Q4: $17.9B Revenue (TTM), FY26 Q1: $18.4B Revenue (TTM), FY26 Q2: $18.8B $18.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $16.3B
FY23 Q4 $16.5B
FY24 Q1 $16.6B
FY24 Q2 $16.8B
FY24 Q3 $16.9B
FY24 Q4 $17.2B
FY25 Q1 $17.2B
FY25 Q2 $17.5B
FY25 Q3 $17.8B
FY25 Q4 $17.9B
FY26 Q1 $18.4B
FY26 Q2 $18.8B
Revenue growth, TTM YoY W. W. Grainger
2% 4% 6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.1% Revenue growth, TTM YoY, FY23 Q4: 8.2% Revenue growth, TTM YoY, FY24 Q1: 6.1% Revenue growth, TTM YoY, FY24 Q2: 4.6% Revenue growth, TTM YoY, FY24 Q3: 4.0% Revenue growth, TTM YoY, FY24 Q4: 4.2% Revenue growth, TTM YoY, FY25 Q1: 3.7% Revenue growth, TTM YoY, FY25 Q2: 4.4% Revenue growth, TTM YoY, FY25 Q3: 4.8% Revenue growth, TTM YoY, FY25 Q4: 4.5% Revenue growth, TTM YoY, FY26 Q1: 6.6% Revenue growth, TTM YoY, FY26 Q2: 7.8% 7.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.1%
FY23 Q4 8.2%
FY24 Q1 6.1%
FY24 Q2 4.6%
FY24 Q3 4.0%
FY24 Q4 4.2%
FY25 Q1 3.7%
FY25 Q2 4.4%
FY25 Q3 4.8%
FY25 Q4 4.5%
FY26 Q1 6.6%
FY26 Q2 7.8%
Operating margin (TTM) W. W. Grainger
13.5% 14% 14.5% 15% 15.5% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 15.7% Operating margin (TTM), FY23 Q4: 15.6% Operating margin (TTM), FY24 Q1: 15.4% Operating margin (TTM), FY24 Q2: 15.2% Operating margin (TTM), FY24 Q3: 15.1% Operating margin (TTM), FY24 Q4: 15.4% Operating margin (TTM), FY25 Q1: 15.3% Operating margin (TTM), FY25 Q2: 15.3% Operating margin (TTM), FY25 Q3: 14.1% Operating margin (TTM), FY25 Q4: 13.9% Operating margin (TTM), FY26 Q1: 14.2% Operating margin (TTM), FY26 Q2: 14.6% 14.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 15.7%
FY23 Q4 15.6%
FY24 Q1 15.4%
FY24 Q2 15.2%
FY24 Q3 15.1%
FY24 Q4 15.4%
FY25 Q1 15.3%
FY25 Q2 15.3%
FY25 Q3 14.1%
FY25 Q4 13.9%
FY26 Q1 14.2%
FY26 Q2 14.6%
FCF margin (TTM) W. W. Grainger
6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 8.7% FCF margin (TTM), FY23 Q4: 9.6% FCF margin (TTM), FY24 Q1: 10.7% FCF margin (TTM), FY24 Q2: 10.5% FCF margin (TTM), FY24 Q3: 11.1% FCF margin (TTM), FY24 Q4: 9.1% FCF margin (TTM), FY25 Q1: 9.0% FCF margin (TTM), FY25 Q2: 8.1% FCF margin (TTM), FY25 Q3: 6.9% FCF margin (TTM), FY25 Q4: 7.4% FCF margin (TTM), FY26 Q1: 7.5% FCF margin (TTM), FY26 Q2: 8.0% 8.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 8.7%
FY23 Q4 9.6%
FY24 Q1 10.7%
FY24 Q2 10.5%
FY24 Q3 11.1%
FY24 Q4 9.1%
FY25 Q1 9.0%
FY25 Q2 8.1%
FY25 Q3 6.9%
FY25 Q4 7.4%
FY26 Q1 7.5%
FY26 Q2 8.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar W. W. Grainger took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $17.9B
  2. Cost of revenue $10.9B · 60.9%
  3. Gross profit $7B · 39.1%
  4. Selling, general and admin $4.5B · 25.2%
  5. Operating income $2.5B · 13.9%
  6. Income tax $622M · 3.5%
  7. Interest and other $167M · 0.9%
  8. Net income $1.7B · 9.5%

Shares of revenue. Source: W. W. Grainger's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

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

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 6.2 7.2 8.1 9.0 9.4 10.0 10.0 10.1 10.4 11.2 11.5 11.8 13.0 15.2 16.5 17.2 17.9 18.8
Gross profit 2.6 3.0 3.5 3.9 4.1 4.3 4.2 4.1 4.1 4.3 4.4 4.2 4.7 5.8 6.5 6.8 7.0 7.4
EBITDA 0.8 1.0 1.2 1.3 1.5 1.5 1.5 1.3 1.3 1.4 1.5 1.2 1.7 2.4 2.8 2.9 2.8 3.1
Operating income 0.7 0.9 1.1 1.1 1.3 1.3 1.3 1.1 1.0 1.2 1.3 1.0 1.5 2.2 2.6 2.6 2.5 2.7
Net income 0.4 0.5 0.7 0.7 0.8 0.8 0.8 0.6 0.6 0.8 0.8 0.7 1.0 1.5 1.8 1.9 1.7 1.9
Diluted EPS $5.62 $6.93 $9.07 $9.52 $11.13 $11.45 $11.58 $9.87 $10.02 $13.73 $15.32 $12.82 $19.84 $30.06 $36.23 $38.71 $35.40 $39.33
Growth (year on year)
Revenue −9.2% +15.4% +12.5% +10.8% +5.4% +5.6% +0.1% +1.6% +2.8% +7.6% +2.4% +2.7% +10.4% +16.9% +8.2% +4.2% +4.5% +7.8%
EBITDA −11.9% +24.3% +17.8% +7.3% +14.5% +5.2% −2.0% −11.4% −4.5% +10.9% +4.0% −19.3% +44.8% +40.8% +17.4% +3.7% −4.2% +2.9%
Operating income −15.0% +29.4% +22.3% +7.5% +14.7% +3.9% −3.5% −14.4% −7.0% +11.9% +9.0% −19.3% +51.8% +43.2% +15.8% +2.8% −5.4% +2.8%
Net income −9.4% +18.7% +28.9% +4.8% +15.5% +0.6% −4.1% −21.2% −3.3% +33.4% +8.6% −18.1% +50.1% +48.3% +18.2% +4.4% −10.6% −2.7%
Diluted EPS −5.9% +23.3% +30.9% +5.0% +16.9% +2.9% +1.1% −14.8% +1.5% +37.0% +11.6% −16.3% +54.8% +51.5% +20.5% +6.8% −8.6% −0.9%
Margins
Gross margin 41.8% 41.8% 43.5% 43.8% 43.8% 43.3% 42.4% 40.6% 39.3% 38.7% 38.3% 35.9% 36.2% 38.4% 39.4% 39.4% 39.1% 39.4%
EBITDA margin 13.1% 14.1% 14.7% 14.3% 15.5% 15.4% 15.1% 13.2% 12.2% 12.6% 12.8% 10.1% 13.2% 15.9% 17.2% 17.2% 15.7% 16.3%
Operating margin 10.7% 12.0% 13.0% 12.6% 13.7% 13.5% 13.0% 11.0% 9.9% 10.3% 11.0% 8.6% 11.9% 14.5% 15.6% 15.4% 13.9% 14.6%
Net margin 6.9% 7.1% 8.2% 7.7% 8.4% 8.0% 7.7% 6.0% 5.6% 7.0% 7.4% 5.9% 8.0% 10.2% 11.1% 11.1% 9.5% 9.9%
Free-cash-flow margin 9.5% 6.5% 6.8% 6.3% 7.6% 5.7% 6.6% 7.3% 7.9% 7.3% 7.1% 7.8% 5.2% 7.1% 9.6% 9.1% 7.4% 8.0%
Cash flow
Cash from operations 0.7 0.6 0.7 0.8 1.0 1.0 1.0 1.0 1.1 1.1 1.0 1.1 0.9 1.3 2.0 2.1 2.0 2.2
Capital spending 0.1 0.1 0.2 0.2 0.3 0.4 0.4 0.3 0.2 0.2 0.2 0.2 0.3 0.3 0.4 0.5 0.7 0.7
Free cash flow 0.6 0.5 0.5 0.6 0.7 0.6 0.7 0.7 0.8 0.8 0.8 0.9 0.7 1.1 1.6 1.6 1.3 1.5
Stock-based pay 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.5 0.4 0.5 0.5 0.7 0.5 0.6 0.7 0.8 0.8 0.8 0.9 0.6 1.0 1.5 1.5 1.3 1.4
Balance sheet
Cash 0.5 0.3 0.3 0.5 0.4 0.2 0.3 0.3 0.3 0.5 0.4 0.6 0.2 0.3 0.7 1.0 0.6 0.6
Total debt 0.5 0.7 0.5 0.6 0.5 0.5 2.0 2.3 2.3 2.2 2.2 2.4 2.4 2.3 2.3 2.8 2.5 2.4
Net debt (negative = net cash) 0.1 0.3 0.2 0.1 0.1 0.3 1.7 2.0 2.0 1.7 1.9 1.8 2.1 2.0 1.7 1.7 1.9 1.8
Diluted shares 75m 72m 71m 71m 71m 69m 66m 61m 58m 57m 55m 54m 52m 51m 50m 49m 48m 48m
Returned to shareholders
Dividends 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.5
Buybacks 0.4 0.5 0.2 0.3 0.4 0.5 1.4 0.8 0.6 0.4 0.7 0.6 0.7 0.6 0.9 1.2 1.0 1.0
Total returned 0.5 0.7 0.3 0.6 0.7 0.8 1.7 1.1 0.9 0.7 1.0 0.9 1.1 1.0 1.2 1.6 1.5 1.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 5 checks passed · June 30, 2026
What it owns · $9.6bn
Short-term assets $6.0bnLonger-term assets $3.6bn
What it owes, and who funded it · $6.3bn
Short-term liabilities $2.1bnShareholders' equity $4.1bn
  • Short-term assets cover short-term liabilities $6.0bn of assets due within a year against $2.1bn 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 $589m of cash against $2.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 58% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 126% to 58% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.2bn of operating cash flow against $2.4bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From W. W. Grainger'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.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$999M
Dividends (TTM)
$495M
Returned to shareholders
99%
of free cash flow
Buybacks, last 3 fiscal years
$3.1B
Diluted share count
−1.9%
year over year
Total shareholder yield
2.3%
dividends 0.8% + buybacks 1.5% of market value
Dividend payout ratio
27%
of net income paid out
Sales & admin spending
24.8%
of revenue
Days sales outstanding
55 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated GWW ITW PH SWK OTIS XYL Median
Revenue, last 12 months $18.8bn $16.6bn $21.5bn $15.2bn $15.1bn $9.1bn $1.4bn
Revenue growth, last 12 months 7.8% 4.8% 8.3% 0.6% 5.8% 1.9% 8.3%
Revenue growth, 3-year average 5.6% 1.1% 4.1% −2.0% 2.6% 10.3% 4.0%
Revenue growth, latest quarter 10.3% 4.4% 9.8% 0.4% 6.1% −3.0% 9.1%
Gross margin 39.4% 53.1% 37.7% 31.9% 29.6% 39.8% 35.2%
Operating margin 14.6% 26.6% 23.6% 16.7% 15.3% 15.1% 13.1%
Operating margin, 3-year average 15.0% 26.4% 22.0% 14.5% 14.6% 13.1% 13.7%
Net margin 9.9% 19.4% 17.0% 4.1% 10.3% 11.9% 8.9%
Cash from operations / revenue 11.5% 19.6% 20.3% 10.2% 12.1% 14.0% 11.9%
Free-cash-flow margin 8.0% 17.2% 18.2% 8.5% 11.1% 10.2% 8.8%
Free-cash-flow margin, 3-year average 8.9% 17.5% 16.7% 5.9% 9.9% 10.1% 9.8%
Stock pay / revenue 0.4% 0.5% 0.8% 0.5% 0.5% 0.6% 0.8%
Change in share count −1.9% −2.0% −1.6% −0.0% −2.6% −1.9% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 7.8% 8.3% 42 of 75
Change in growth rate Growth +1.2pp +1.2pp 38 of 75
Gross margin Profitability 39.4% 35.4% 26 of 70
Operating margin Profitability 14.6% 13.0% 31 of 75
Net margin Profitability 9.9% 8.9% 35 of 76
Free-cash-flow margin Cash generation 8.0% 9.1% 43 of 76
Stock pay as % of revenue Cash generation 0.4% 0.8% 5 of 70
Long-term debt as % of assets Balance sheet 25.0% 23.4% 33 of 59
Change in share count Balance sheet -1.9% -0.0% 17 of 73
Days sales outstanding Balance sheet 55 days 63 days 20 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $14.4B 80.5% ▲ 3.5%
Japan $2.2B 12.1% ▲ 14.8%
Canada $683M 3.8% ▲ 3.3%
Other Foreign Countries $645M 3.6% ▼ 3.3%

From W. W. Grainger's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$48B
Institutions reporting
1,361
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
154 / 59

Top buyers and sellers, Q2 2026: 641 institutions bought and 490 sold ; the biggest buyer was FMR LLC (+196K shares) and the biggest seller Wellington Management Group LLP (−257K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6.3B 4.6M 13.1% ▼ 0.2%
Vanguard Capital Management LLC $3.9B 2.9M 8.2% 0.0%
Vanguard Portfolio Management LLC $3.1B 2.3M 6.5% ▼ 0.3%
State Street Corp $2.7B 2.0M 5.7% ▲ 0.7%
Geode Capital Management, LLC $1.9B 1.4M 3.9% ▲ 11.3%
Wells Fargo & Company $1.2B 892K 2.5% ▼ 3.3%
Wellington Management Group LLP $1.1B 776K 2.2% ▼ 24.9%
Clearbridge Investments, LLC $1B 754K 2.1% ▼ 10.8%
Price T Rowe Associates Inc $944M 694K 2.0% ▼ 23.3%
Northern Trust Corp $823M 605K 1.7% ▼ 2.3%
Parnassus Investments, LLC $820M 603K 1.7% ▼ 7.4%
Morgan Stanley $775M 569K 1.6% ▲ 4.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not W. W. Grainger's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $33.5M 62 trades by 6 insiders · 90% under pre-set plans
Net ▼ $33.5M net selling
Insider Date Trade Shares Price Value
Robbins Paige K Sr. VP May 12, 2026 Sell 121 $1234.89 $149,422
Robbins Paige K Sr. VP May 12, 2026 Sell 356 $1233.89 $439,265
Robbins Paige K Sr. VP May 12, 2026 Sell 351 $1232.98 $432,776
Robbins Paige K Sr. VP May 12, 2026 Sell 247 $1231.78 $304,250
Robbins Paige K Sr. VP May 12, 2026 Sell 382 $1229.68 $469,738
Leroy Jonny M SVP, Chief Technology Officer May 12, 2026 Sell 80 $1233.43 $98,674
Leroy Jonny M SVP, Chief Technology Officer May 12, 2026 Sell 233 $1232.70 $287,219
Leroy Jonny M SVP, Chief Technology Officer May 12, 2026 Sell 111 $1231.65 $136,713
Leroy Jonny M SVP, Chief Technology Officer May 12, 2026 Sell 80 $1230.16 $98,413
Leroy Jonny M SVP, Chief Technology Officer May 12, 2026 Sell 350 $1229.45 $430,308
Thomson Laurie R VP, Controller May 12, 2026 Sell 23 $1236.43 $28,438
Thomson Laurie R VP, Controller May 12, 2026 Sell 20 $1234.70 $24,694

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 22 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of W. W. Grainger shares.

  • Jared Moskowitz(D-FL 23):Sale (partial), $1,001 - $15,000, traded July 13, 2026, filed August 27, 2026
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 7, 2025, filed May 14, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded February 25, 2025, filed March 27, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 8, 2026
  • February 3, 2026
  • October 31, 2025
  • August 1, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on W. W. Grainger was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

W. W. Grainger in brief

What does W. W. Grainger do?
W. W. Grainger is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is W. W. Grainger's stock ticker?
W. W. Grainger trades under the ticker GWW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is W. W. Grainger's revenue, and how fast is it growing?
Over its most recent trailing twelve months, W. W. Grainger reported revenue of $18.8B, 7.8% higher than a year earlier, according to its SEC filings.
What is W. W. Grainger's free cash flow?
W. W. Grainger's free-cash-flow margin is 8.0% of revenue over the trailing twelve months, ranking 43 of the 76 industrial machinery & supplies & components companies we cover.
What is W. W. Grainger's fair value (intrinsic value) per share?
Our discounted-cash-flow model of W. W. Grainger's free cash flow after stock-based pay gives ~$690 per share in the base case, and ~$510–$930 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are W. W. Grainger's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is W. W. Grainger buying back stock, and does it pay a dividend?
W. W. Grainger spent $999M on share repurchases over the trailing twelve months, and its diluted share count fell 1.9% over the year.
What is W. W. Grainger's market cap?
On November 2, 2026, W. W. Grainger's market capitalisation was about $65.5B, with a price-to-earnings ratio of 35.0 and net debt of $1.8B. Market figures come from third-party market data and may be delayed.
Does W. W. Grainger pay a dividend?
Yes: W. W. Grainger paid $495M in dividends over the trailing twelve months, a dividend yield of 0.76% and a payout ratio of 26.5%.
How much debt does W. W. Grainger have?
W. W. Grainger's debt-to-equity ratio is 58.3%, from its latest balance sheet (126.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are W. W. Grainger's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to W. W. Grainger are Illinois Tool Works, Parker Hannifin, Stanley Black & Decker, Otis Worldwide and Xylem Inc. The side-by-side comparison below sets their revenue, margins and growth against W. W. Grainger's.
Are insiders buying or selling W. W. Grainger stock?
Over the last 12 months, W. W. Grainger's directors and officers reported 0 open-market purchases and 62 sales on Form 4. The insider trading page charts every trade.
When is W. W. Grainger's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — W. W. Grainger announces its own schedule.