W.W. Grainger, Inc.
NYSE:GWW · New York Stock Exchange
+$39.83 today
Vol 0.71M · Avg 0.26M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:GWW · Revenue to Net Income
Key Ratios
Analysis
$18.4B of revenue converted into $1.8B of net income for the selected period. Gross margin is 39.1% and net margin is 9.7%, showing how much revenue survives after costs and taxes. EPS is $37.20, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.9B +4.5% | $17.2B +4.2% | $16.5B +8.2% | $15.2B +16.9% | $13.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $10.9B +4.3% | $10.5B +5.0% | $10.0B +6.4% | $9.4B +13.0% | $8.3B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $7.0B +4.8% | $6.7B +3.0% | $6.5B +11.1% | $5.8B +23.9% | $4.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 39.1% +0.1pp | 39.0% -0.5pp | 39.4% +1.0pp | 38.4% +2.2pp | 36.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $4.3B +7.5% | $4.0B +2.2% | $3.9B +8.2% | $3.6B +14.5% | $3.2B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $4.3B +6.6% | $4.1B +3.1% | $3.9B +8.2% | $3.6B +14.5% | $3.2B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $254.0M +7.2% | $237.0M +10.7% | $214.0M +7.0% | $200.0M +7.5% | $186.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $2.8B -4.6% | $2.9B +3.2% | $2.8B +16.8% | $2.4B +38.3% | $1.7B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 15.4% -1.5pp | 16.9% -0.2pp | 17.0% +1.2pp | 15.8% +2.4pp | 13.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $2.7B +2.0% | $2.6B +2.8% | $2.6B +15.8% | $2.2B +43.2% | $1.5B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.0% -0.4pp | 15.4% -0.2pp | 15.6% +1.0pp | 14.5% +2.7pp | 11.9% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $81.0M +5.2% | $77.0M -17.2% | $93.0M +0.0% | $93.0M +6.9% | $87.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$261.0M -392.5% | -$53.0M +18.5% | -$65.0M +5.8% | -$69.0M -11.3% | -$62.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $2.4B -6.0% | $2.6B +3.4% | $2.5B +16.5% | $2.1B +44.5% | $1.5B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 13.5% -1.5pp | 15.1% -0.1pp | 15.2% +1.1pp | 14.1% +2.7pp | 11.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $622.0M +4.5% | $595.0M -0.3% | $597.0M +12.0% | $533.0M +43.7% | $371.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.7B -10.6% | $1.9B +4.4% | $1.8B +18.2% | $1.5B +48.3% | $1.0B | $4.9B | $4.8B | $4.7B |
| Net Margin | 9.5% -1.6pp | 11.1% +0.0pp | 11.1% +0.9pp | 10.2% +2.1pp | 8.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $35 -9.1% | $39 +6.5% | $37 +20.6% | $30 +51.2% | $20 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $35 -8.6% | $39 +6.0% | $37 +20.6% | $30 +51.5% | $20 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $47.9M -2.0% | $48.9M -2.0% | $49.9M -2.0% | $50.9M -1.9% | $51.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $48.0M -2.0% | $49.0M -2.2% | $50.1M -2.0% | $51.1M -2.1% | $52.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
PACCAR Inc
NASDAQ:PCAR
$62.59B
Carrier Global Corporation
NYSE:CARR
$59.59B
AMETEK, Inc.
NYSE:AME
$54.06B
Fastenal Company
NASDAQ:FAST
$52.55B
Rockwell Automation, Inc.
NYSE:ROK
$52.46B
Ferrovial SE
NASDAQ:FER
$49.95B
Ferguson plc
NYSE:FERG
$46.48B
Paychex, Inc.
NASDAQ:PAYX
$35.25B
Roper Technologies, Inc.
NASDAQ:ROP
$33.38B
Otis Worldwide Corporation
NYSE:OTIS
$28.09B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GWW generate?
W.W. Grainger, Inc. (GWW) reported $17.94B of revenue in fiscal 2025.
Is GWW profitable?
W.W. Grainger, Inc. (GWW) reported $1.71B of net income, with a net margin of 9.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.