financial statements

The full income statement, balance sheet, and cash-flow statement for W.W. Grainger Inc. (GWW), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	17.9B YoY+4.5%	17.2B YoY+4.2%	16.5B YoY+8.2%	15.2B YoY+16.9%	13.0B YoY+10.4%
	7.01B YoY+3.7%	6.76B YoY+4.0%	6.50B YoY+11.1%	5.85B YoY+23.9%	4.72B YoY+11.4%
Cost of revenue	10.9B YoY+5.0%	10.4B YoY+4.3%	9.98B YoY+6.4%	9.38B YoY+13.0%	8.30B YoY+9.8%
Selling, general & administrative	4.51B YoY+9.5%	4.12B YoY+4.8%	3.93B YoY+8.2%	3.63B YoY+14.5%	3.17B YoY-1.4%
Amortization of intangibles	81.0M YoY+15.7%	70.0M YoY+9.4%	64.0M YoY+4.9%	61.0M YoY-3.2%	63.0M YoY+5.0%
Provision for credit losses	23.0M YoY+0.0%	23.0M YoY+0.0%	23.0M YoY+21.1%	19.0M YoY+5.6%	18.0M YoY-18.2%
Operating income	2.50B YoY-5.4%	2.64B YoY+2.8%	2.56B YoY+15.8%	2.21B YoY+43.2%	1.55B YoY+51.8%
Interest expense	81.0M YoY+5.2%	77.0M YoY-17.2%	93.0M	—	—
Net interest income	—	-77.0M YoY+17.2%	-93.0M YoY+0.0%	-93.0M YoY-6.9%	-87.0M YoY+6.5%
Other non-operating income	16.0M YoY-33.3%	24.0M YoY-14.3%	28.0M YoY+16.7%	24.0M YoY-4.0%	25.0M YoY+19.0%
Pre-tax income	2.43B YoY-6.0%	2.58B YoY+3.4%	2.50B YoY+16.5%	2.15B YoY+44.5%	1.49B YoY+56.8%
Income tax	622M YoY+4.5%	595M YoY-0.3%	597M YoY+12.0%	533M YoY+43.7%	371M YoY+93.2%
	1.71B YoY-10.6%	1.91B YoY+4.4%	1.83B YoY+18.2%	1.55B YoY+48.3%	1.04B YoY+50.1%
Net income to non-controlling interest	102M YoY+27.5%	80.0M YoY+8.1%	74.0M YoY+12.1%	66.0M YoY-7.0%	71.0M YoY+18.3%
	$35.40 YoY-8.6%	$38.71 YoY+6.8%	$36.23 YoY+20.5%	$30.06 YoY+51.5%	$19.84 YoY+54.8%
EPS (basic)	$35.47 YoY-8.7%	$38.84 YoY+6.7%	$36.39 YoY+20.4%	$30.22 YoY+51.6%	$19.94 YoY+54.8%
Weighted-avg shares (basic)	47.9M YoY-2.0%	48.9M YoY-2.0%	49.9M YoY-2.0%	50.9M YoY-1.9%	51.9M YoY-3.0%
Weighted-avg shares (diluted)	48.0M YoY-2.0%	49.0M YoY-2.2%	50.1M YoY-2.0%	51.1M YoY-2.1%	52.2M YoY-2.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.48B YoY-4.4%	5.74B YoY+8.8%	5.27B YoY+6.0%	4.98B YoY+24.1%	4.01B YoY+2.3%
Cash & equivalents	585M YoY-43.5%	1.04B YoY+57.0%	660M YoY+103.1%	325M YoY+34.9%	241M YoY-58.8%
Accounts receivable	2.33B YoY+4.3%	2.23B YoY+1.8%	2.19B YoY+2.8%	2.13B YoY+21.6%	1.75B YoY+19.0%
Inventory	2.39B YoY+3.8%	2.31B YoY+1.8%	2.27B YoY+0.6%	2.25B YoY+20.5%	1.87B YoY+7.9%
Prepaid expenses	176M YoY+8.0%	163M YoY+4.5%	156M YoY-41.4%	266M YoY+82.2%	146M YoY+15.0%
	8.96B YoY+1.5%	8.83B YoY+8.4%	8.15B YoY+7.4%	7.59B YoY+15.1%	6.59B YoY+4.7%
Property, plant & equipment	2.27B YoY+17.7%	1.93B YoY+16.2%	1.66B YoY+13.5%	1.46B YoY+2.6%	1.42B YoY+2.1%
Operating lease right-of-use	345M YoY-7.0%	371M YoY-13.5%	429M YoY+16.9%	367M YoY-6.6%	393M YoY+87.1%
Goodwill	360M YoY+1.4%	355M YoY-4.1%	370M YoY-0.3%	371M YoY-3.4%	384M YoY-1.8%
Intangible assets	265M YoY+9.1%	243M YoY+3.8%	234M YoY+0.9%	232M YoY-2.5%	238M YoY+4.4%
Deferred tax assets	14.0M YoY-6.7%	15.0M YoY+50.0%	10.0M YoY-16.7%	12.0M YoY-14.3%	14.0M YoY+0.0%
Other non-current assets	240M YoY+22.4%	196M YoY+7.7%	182M YoY+1.1%	180M YoY+26.8%	142M YoY-6.6%
	1.94B YoY-15.8%	2.31B YoY+25.9%	1.83B YoY-8.9%	2.01B YoY+31.5%	1.53B YoY+6.0%
Short-term & current debt	126M YoY-74.7%	499M YoY+1367.6%	34.0M YoY-2.9%	35.0M	0.00 YoY-100.0%
Current lease liability	73.0M YoY-6.4%	78.0M YoY+9.9%	71.0M YoY+4.4%	68.0M YoY+3.0%	66.0M YoY+15.8%
Long-term debt	2.36B YoY+3.6%	2.28B YoY+0.6%	2.27B YoY-0.8%	2.28B YoY-3.3%	2.36B YoY-1.1%
Non-current lease liability	301M YoY-8.0%	327M YoY-14.2%	381M YoY+19.8%	318M YoY-4.8%	334M YoY+106.2%
Deferred tax liabilities	97.0M YoY+26.0%	77.0M YoY+35.1%	57.0M YoY-25.0%	76.0M YoY-5.0%	80.0M YoY+17.6%
	3.74B YoY+11.3%	3.36B YoY+7.8%	3.12B YoY+27.7%	2.44B YoY+30.2%	1.87B YoY+2.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	55.0M YoY+0.0%	55.0M YoY+0.0%	55.0M YoY+0.0%	55.0M YoY+0.0%	55.0M YoY+0.0%
Additional paid-in capital	1.45B YoY+3.4%	1.40B YoY+3.2%	1.35B YoY+3.4%	1.31B YoY+3.1%	1.27B YoY+2.5%
Retained earnings	15.0B YoY+9.4%	13.7B YoY+12.5%	12.2B YoY+13.7%	10.7B YoY+12.6%	9.50B YoY+8.2%
Treasury stock	12.6B YoY+9.2%	11.5B YoY+11.8%	10.3B YoY+8.9%	9.45B YoY+6.7%	8.86B YoY+8.2%
Accumulated other comprehensive income	-165M YoY+39.8%	-274M YoY-59.3%	-172M YoY+4.4%	-180M YoY-87.5%	-96.0M YoY-57.4%
Non-controlling interest	405M YoY+17.4%	345M YoY+5.8%	326M YoY+10.5%	295M YoY+3.1%	286M YoY+7.9%
Total equity incl. non-controlling	4.14B YoY+11.8%	3.70B YoY+7.6%	3.44B YoY+25.8%	2.73B YoY+26.6%	2.16B YoY+3.2%
Total liabilities & equity	8.96B YoY+1.5%	8.83B YoY+8.4%	8.15B YoY+7.4%	7.59B YoY+15.1%	6.59B YoY+4.7%
Common shares issued	110M YoY+0.0%	110M YoY+0.0%	110M YoY+0.0%	110M YoY+0.0%	110M YoY+0.0%
Shares outstanding (cover)	47.5M YoY-2.4%	48.7M YoY-1.9%	49.6M YoY-1.8%	50.5M YoY-1.9%	51.5M YoY-4.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.02B YoY-4.5%	2.11B YoY+3.9%	2.03B YoY+52.4%	1.33B YoY+42.3%	937M YoY-16.6%
Depreciation & amortization	330M YoY+6.1%	311M YoY+12.3%	277M YoY+34.5%	206M YoY+19.1%	173M YoY+2.4%
Share-based compensation	64.0M YoY+3.2%	62.0M YoY+0.0%	62.0M YoY+29.2%	48.0M YoY+14.3%	42.0M YoY-8.7%
Deferred income taxes	17.0M YoY-5.6%	18.0M YoY+220.0%	-15.0M YoY-475.0%	4.00M YoY-82.6%	23.0M YoY+215.0%
Change in receivables	190M YoY+72.7%	110M YoY+12.2%	98.0M YoY-77.5%	436M YoY+34.6%	324M YoY+167.8%
Change in inventory	147M YoY+90.9%	77.0M YoY+381.3%	16.0M YoY-96.1%	412M YoY+171.1%	152M YoY-3.8%
Other operating activities	9.00M YoY+50.0%	6.00M YoY+0.0%	6.00M YoY+131.6%	-19.0M YoY+17.4%	-23.0M YoY-276.9%
	-645M YoY-24.0%	-520M YoY-23.2%	-422M YoY-60.5%	-263M YoY-16.4%	-226M YoY-26.3%
Capital expenditure	684M YoY+26.4%	541M YoY+21.6%	445M YoY+73.8%	256M YoY+0.4%	255M YoY+29.4%
Proceeds from sale of PP&E	33.0M YoY+1000.0%	3.00M YoY-85.7%	21.0M YoY-25.0%	28.0M YoY-3.4%	29.0M YoY+45.0%
Other investing activities	-6.00M YoY+66.7%	-18.0M YoY-800.0%	-2.00M YoY-105.7%	35.0M	0.00 YoY-100.0%
	-1.82B YoY-54.7%	-1.18B YoY+7.7%	-1.28B YoY-31.5%	-972M YoY+6.4%	-1.04B YoY-43.1%
Long-term debt issued	91.0M YoY-81.9%	503M YoY+7085.7%	7.00M YoY-56.3%	16.0M	0.00 YoY-100.0%
Long-term debt repaid	506M YoY+1197.4%	39.0M YoY+5.4%	37.0M YoY+146.7%	15.0M YoY+87.5%	8.00M YoY-99.4%
Common stock repurchased	1.04B YoY-13.0%	1.20B YoY+41.3%	850M YoY+41.0%	603M YoY-13.2%	695M YoY+15.6%
Dividends paid	467M YoY+10.9%	421M YoY+7.4%	392M YoY+5.9%	370M YoY+3.6%	357M YoY+5.6%
Other financing activities	-2.00M YoY+0.0%	-2.00M YoY+33.3%	-3.00M YoY+0.0%	-3.00M YoY-200.0%	3.00M
FX effect on cash	4.00M YoY+111.4%	-35.0M YoY-975.0%	4.00M YoY+128.6%	-14.0M YoY+12.5%	-16.0M YoY-328.6%
Net change in cash	-451M YoY-219.9%	376M YoY+12.2%	335M YoY+298.8%	84.0M YoY+124.4%	-344M YoY-252.9%
Interest paid	106M YoY-4.5%	111M YoY+1.8%	109M YoY+19.8%	91.0M YoY+4.6%	87.0M YoY-7.4%
Income taxes paid	610M YoY+0.7%	606M YoY-1.5%	615M YoY+28.4%	479M YoY+27.1%	377M YoY+109.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	48.0B YoY-6.5%	51.3B YoY+24.8%	41.1B YoY+46.3%	28.1B YoY+5.3%	26.7B YoY+21.8%
P/E	28.1× YoY+4.6%	26.9× YoY+18.0%	22.8× YoY+16.5%	19.6× YoY-23.6%	25.6× YoY-18.8%
P/S	2.7× YoY-10.6%	3.0× YoY+17.5%	2.5× YoY+33.0%	1.9× YoY-6.7%	2.1× YoY+10.4%
P/B	12.8× YoY-16.0%	15.3× YoY+14.0%	13.4× YoY+9.4%	12.3× YoY-13.9%	14.2× YoY+18.8%
P/FCF	36.0× YoY+10.3%	32.7× YoY+12.1%	29.2× YoY-5.2%	30.8× YoY-21.4%	39.1× YoY+65.4%
Earnings yield	3.6% YoY-4.4%	3.7% YoY-15.2%	4.4% YoY-14.1%	5.1% YoY+30.8%	3.9% YoY+23.2%
FCF yield	2.8% YoY-9.3%	3.1% YoY-10.8%	3.4% YoY+5.5%	3.3% YoY+27.3%	2.6% YoY-39.5%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: GWW's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GWW filings on SEC EDGAR → Not investment advice.

GWW▼ financial statements

About this data

financial statements