W.W. Grainger (GWW) Financials

$1,050.76 -21.04 (-1.96%)

As of 01:29 PM Eastern

Annual Income Statements for W.W. Grainger

This table shows W.W. Grainger's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	769	606	586	782	849	695	1,043	1,547	1,829	1,909
Consolidated Net Income / (Loss)	785	633	623	823	895	755	1,114	1,613	1,903	1,989
Net Income / (Loss) Continuing Operations	785	633	623	823	895	755	1,114	1,613	1,903	1,989
Total Pre-Tax Income	1,251	1,019	936	1,081	1,209	947	1,485	2,146	2,500	2,584
Total Operating Income	1,300	1,113	1,035	1,158	1,262	1,019	1,547	2,215	2,565	2,637
Total Gross Profit	4,231	4,115	4,098	4,348	4,397	4,238	4,720	5,849	6,496	6,758
Total Revenue	9,973	10,137	10,425	11,221	11,486	11,797	13,022	15,228	16,478	17,168
Operating Revenue	9,973	10,137	10,425	11,221	11,486	11,797	13,022	15,228	16,478	17,168
Total Cost of Revenue	5,742	6,022	6,327	6,873	7,089	7,559	8,302	9,379	9,982	10,410
Operating Cost of Revenue	5,742	6,022	6,327	6,873	7,089	7,559	8,302	9,379	9,982	10,410
Total Operating Expenses	2,931	3,002	3,063	3,190	3,135	3,219	3,173	3,634	3,931	4,121
Selling, General & Admin Expense	2,931	3,002	3,063	3,190	3,135	3,219	3,173	3,634	3,931	4,121
Total Other Income / (Expense), net	-50	-94	-99	-77	-53	-72	-62	-69	-65	-53
Interest Expense	34	76	86	82	79	93	87	93	93	77
Other Income / (Expense), net	-5.47	12	-13	5.00	26	21	25	24	28	24
Income Tax Expense	466	386	313	258	314	192	371	533	597	595
Net Income / (Loss) Attributable to Noncontrolling Interest	16	27	37	41	46	60	71	66	74	80
Basic Earnings per Share	$11.69	$9.94	$10.07	$13.82	$15.39	$12.88	$19.94	$30.22	$36.39	$38.84
Weighted Average Basic Shares Outstanding	65.16M	60.43M	57.70M	56.10M	54.70M	53.50M	51.90M	50.90M	49.90M	48.90M
Diluted Earnings per Share	$11.58	$9.87	$10.02	$13.73	$15.32	$12.82	$19.84	$30.06	$36.23	$38.71
Weighted Average Diluted Shares Outstanding	65.77M	60.84M	58M	56.50M	54.90M	53.70M	52.20M	51.10M	50.10M	49M
Weighted Average Basic & Diluted Shares Outstanding	65.80M	61M	58.20M	56.60M	53.66M	52.38M	51.11M	50.20M	49.17M	48.22M
Cash Dividends to Common per Share	$4.59	$4.83	$5.06	$5.36	$5.68	$5.94	$6.39	$6.78	$7.30	$8.01

This table shows W.W. Grainger's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	426	384	488	470	476	395	478	470	486	475	479
Consolidated Net Income / (Loss)	442	397	508	490	493	412	497	490	505	497	500
Net Income / (Loss) Continuing Operations	442	397	508	490	493	412	497	490	505	497	500
Total Pre-Tax Income	587	525	662	645	652	541	655	636	671	622	657
Total Operating Income	603	544	680	661	667	557	669	649	686	633	672
Total Gross Profit	1,519	1,506	1,634	1,644	1,655	1,563	1,668	1,694	1,720	1,676	1,710
Total Revenue	3,942	3,802	4,091	4,182	4,208	3,997	4,235	4,312	4,388	4,233	4,306
Operating Revenue	3,942	3,802	4,091	4,182	4,208	3,997	4,235	4,312	4,388	4,233	4,306
Total Cost of Revenue	2,423	2,296	2,457	2,538	2,553	2,434	2,567	2,618	2,668	2,557	2,596
Operating Cost of Revenue	2,423	2,296	2,457	2,538	2,553	2,434	2,567	2,618	2,668	2,557	2,596
Total Operating Expenses	916	962	954	983	988	1,006	999	1,045	1,034	1,043	1,038
Selling, General & Admin Expense	916	962	954	983	988	1,006	999	1,045	1,034	1,043	1,038
Total Other Income / (Expense), net	-16	-19	-18	-16	-15	-16	-14	-13	-15	-11	-15
Interest Expense	25	23	24	24	22	23	21	20	19	17	21
Other Income / (Expense), net	9.00	4.00	6.00	8.00	7.00	7.00	7.00	7.00	4.00	6.00	6.00
Income Tax Expense	145	128	154	155	159	129	158	146	166	125	157
Net Income / (Loss) Attributable to Noncontrolling Interest	16	13	20	20	17	17	19	20	19	22	21
Basic Earnings per Share	$8.31	$7.58	$9.66	$9.32	$9.47	$7.94	$9.65	$9.54	$9.90	$9.75	$9.88
Weighted Average Basic Shares Outstanding	50.80M	50.90M	50.20M	50.10M	49.90M	49.90M	49.20M	49M	48.80M	48.90M	48.20M
Diluted Earnings per Share	$8.27	$7.53	$9.61	$9.28	$9.43	$7.91	$9.62	$9.51	$9.87	$9.71	$9.86
Weighted Average Diluted Shares Outstanding	51.10M	51.10M	50.50M	50.30M	50.10M	50.10M	49.40M	49.20M	48.90M	49M	48.30M
Weighted Average Basic & Diluted Shares Outstanding	50.53M	50.20M	50.17M	50.00M	49.63M	49.17M	49.07M	48.83M	48.70M	48.22M	48.04M
Cash Dividends to Common per Share	$1.72	-	$1.72	$1.86	$1.86	-	$1.86	$2.05	$2.05	-	$2.05

This table details how cash moves in and out of W.W. Grainger's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	63	-16	53	211	-178	225	-344	84	335	376
Net Cash From Operating Activities	1,036	1,024	1,057	1,057	1,042	1,123	937	1,333	2,031	2,111
Net Cash From Continuing Operating Activities	1,036	1,024	1,057	1,057	1,042	1,123	937	1,325	2,031	2,111
Net Income / (Loss) Continuing Operations	785	633	623	823	895	755	1,114	1,613	1,903	1,989
Consolidated Net Income / (Loss)	785	633	623	823	895	755	1,114	1,613	1,903	1,989
Depreciation Expense	228	249	264	257	229	182	187	205	214	237
Amortization Expense	-	-	-	-	-	-	-	70	76	84
Non-Cash Adjustments To Reconcile Net Income	72	110	100	204	173	361	36	53	102	85
Changes in Operating Assets and Liabilities, net	-49	32	70	-227	-255	-175	-400	-616	-264	-284
Net Cash From Investing Activities	-843	-262	-146	-166	-202	-179	-226	-263	-422	-520
Net Cash From Continuing Investing Activities	-843	-262	-146	-166	-202	-179	-226	-263	-422	-520
Purchase of Property, Plant & Equipment	-374	-284	-237	-239	-221	-197	-255	-256	-445	-541
Sale of Property, Plant & Equipment	15	55	120	86	17	20	29	28	21	3.00
Other Investing Activities, net	0.47	1.00	6.00	-13	2.00	-2.00	0.00	-35	2.00	18
Net Cash From Financing Activities	-109	-776	-867	-670	-1,023	-726	-1,039	-972	-1,278	-1,180
Net Cash From Continuing Financing Activities	-109	-776	-867	-670	-1,023	-726	-1,039	-972	-1,278	-1,180
Repayment of Debt	194	-300	-452	-127	-53	-1,435	-5.00	-18	-40	-41
Repurchase of Common Equity	-1,400	-790	-605	-425	-700	-601	-695	-603	-850	-1,201
Payment of Dividends	-306	-303	-304	-316	-328	-338	-357	-370	-392	-421
Issuance of Debt	1,362	592	475	29	20	1,596	0.00	16	7.00	503
Other Financing Activities, net	42	25	19	169	38	52	18	3.00	-3.00	-20
Effect of Exchange Rate Changes	-21	-2.00	9.00	-10	5.00	7.00	-16	-14	4.00	-35
Cash Interest Paid	32	63	78	86	84	94	87	91	109	111
Cash Income Taxes Paid	442	360	335	229	322	180	377	479	615	606

This table details how cash moves in and out of W.W. Grainger's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	53	10	136	54	86	59	144	-35	679	-412	-370
Net Cash From Operating Activities	380	360	454	450	523	604	661	411	611	428	646
Net Cash From Continuing Operating Activities	380	352	454	450	523	604	663	409	611	428	646
Net Income / (Loss) Continuing Operations	442	397	508	490	493	412	497	490	505	497	500
Consolidated Net Income / (Loss)	442	397	508	490	493	412	497	490	505	497	500
Depreciation Expense	52	46	50	52	55	57	56	60	59	62	61
Amortization Expense	-	-	17	21	18	20	21	20	20	23	20
Non-Cash Adjustments To Reconcile Net Income	20	-19	16	24	20	42	17	29	20	19	19
Changes in Operating Assets and Liabilities, net	-134	-142	-137	-137	-63	73	72	-190	7.00	-173	46
Net Cash From Investing Activities	-40	-51	-96	-95	-116	-115	-118	-59	-85	-258	-125
Net Cash From Continuing Investing Activities	-40	-51	-96	-95	-116	-115	-118	-59	-85	-258	-125
Purchase of Property, Plant & Equipment	-45	-48	-98	-95	-125	-127	-119	-76	-88	-258	-125
Sale of Property, Plant & Equipment	5.00	21	2.00	-	9.00	10	1.00	-	1.00	1.00	0.00
Net Cash From Financing Activities	-280	-304	-224	-297	-318	-439	-391	-372	148	-565	-898
Net Cash From Continuing Financing Activities	-280	-304	-224	-297	-318	-439	-391	-372	148	-565	-898
Repayment of Debt	2.00	-18	-21	2.00	-18	-3.00	-18	-	-22	-1.00	-502
Repurchase of Common Equity	-184	-220	-142	-171	-193	-344	-268	-244	-227	-462	-281
Payment of Dividends	-102	-85	-87	-107	-106	-92	-105	-101	-115	-100	-115
Issuance of Debt	1.00	15	6.00	-	1.00	-	1.00	2.00	500	-	1.00
Other Financing Activities, net	3.00	4.00	20	-21	-2.00	-	-1.00	-29	12	-2.00	-1.00
Effect of Exchange Rate Changes	-7.00	5.00	2.00	-4.00	-3.00	9.00	-8.00	-15	5.00	-17	7.00

This table presents W.W. Grainger's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	5,858	5,694	5,804	5,873	6,005	6,295	6,592	7,588	8,147	8,829
Total Current Assets	3,049	3,020	3,206	3,557	3,555	3,919	4,011	4,977	5,274	5,737
Cash & Equivalents	290	274	327	538	360	585	241	325	660	1,036
Accounts Receivable	1,210	1,223	1,325	1,385	1,425	1,474	1,754	2,133	2,192	2,232
Inventories, net	1,414	1,406	1,429	1,541	1,655	1,733	1,870	2,253	2,266	2,306
Prepaid Expenses	86	82	87	83	104	127	146	266	156	163
Plant, Property, & Equipment, net	1,431	1,421	1,392	1,352	1,400	1,395	1,424	1,461	1,658	1,927
Total Noncurrent Assets	1,378	1,253	1,206	964	1,050	981	1,157	1,150	1,215	1,165
Goodwill	582	527	544	424	429	391	384	371	370	355
Intangible Assets	648	586	569	460	304	228	238	232	234	243
Other Noncurrent Operating Assets	64	75	71	68	306	362	535	547	611	567
Total Liabilities & Shareholders' Equity	5,858	5,694	5,804	5,873	6,005	6,295	6,592	7,588	8,147	8,829
Total Liabilities	3,505	3,789	3,976	3,780	3,945	4,202	4,432	4,853	4,706	5,126
Total Current Liabilities	1,789	1,629	1,507	1,501	1,678	1,441	1,528	2,010	1,831	2,305
Short-Term Debt	600	406	95	130	301	8.00	0.00	35	34	499
Accounts Payable	583	650	731	678	719	779	816	1,047	954	952
Accrued Expenses	267	290	314	269	318	248	290	474	397	407
Current Deferred & Payable Income Tax Liabilities	17	15	20	29	27	42	37	52	48	45
Current Employee Benefit Liabilities	197	213	254	262	228	307	319	334	327	324
Other Current Liabilities	125	55	93	133	85	57	66	68	71	78
Total Noncurrent Liabilities	1,717	2,160	2,469	2,279	2,267	2,761	2,904	2,843	2,875	2,821
Long-Term Debt	1,388	1,841	2,248	2,090	1,914	2,389	2,362	2,284	2,266	2,279
Noncurrent Deferred & Payable Income Tax Liabilities	154	126	111	103	106	110	121	121	104	101
Noncurrent Employee Benefit Liabilities	174	193	110	86	247	100	87	120	124	114
Other Noncurrent Operating Liabilities	-	-	-	-	-	162	334	318	381	327
Total Equity & Noncontrolling Interests	2,353	1,906	1,828	2,093	2,060	2,093	2,160	2,735	3,441	3,703
Total Preferred & Common Equity	2,267	1,798	1,690	1,921	1,855	1,828	1,874	2,440	3,115	3,358
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,267	1,798	1,690	1,921	1,855	1,828	1,874	2,440	3,115	3,358
Common Stock	1,055	1,085	1,096	1,189	1,237	1,294	1,325	1,365	1,410	1,454
Retained Earnings	6,802	7,114	7,405	7,869	8,405	8,779	9,500	10,700	12,162	13,677
Treasury Stock	-5,370	-6,128	-6,676	-6,966	-7,633	-8,184	-8,855	-9,445	-10,285	-11,499
Accumulated Other Comprehensive Income / (Loss)	-221	-272	-135	-171	-154	-61	-96	-180	-172	-274
Noncontrolling Interest	86	108	138	172	205	265	286	295	326	345

This table presents W.W. Grainger's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	7,201	7,588	7,825	8,031	8,140	8,147	8,400	8,352	9,114	8,829	8,658
Total Current Assets	4,686	4,977	5,190	5,343	5,412	5,274	5,540	5,521	6,183	5,737	5,530
Cash & Equivalents	315	325	461	515	601	660	804	769	1,448	1,036	666
Accounts Receivable	2,158	2,133	2,294	2,418	2,444	2,192	2,330	2,344	2,346	2,232	2,369
Inventories, net	2,071	2,253	2,252	2,223	2,196	2,266	2,178	2,169	2,170	2,306	2,309
Prepaid Expenses	142	266	183	187	171	156	228	239	219	163	186
Plant, Property, & Equipment, net	1,409	1,461	1,468	1,485	1,543	1,658	1,667	1,667	1,746	1,927	1,974
Total Noncurrent Assets	1,106	1,150	1,167	1,203	1,185	1,215	1,193	1,164	1,185	1,165	1,154
Goodwill	363	371	370	368	364	370	364	360	366	355	356
Intangible Assets	222	232	234	237	238	234	236	237	247	243	249
Other Noncurrent Operating Assets	521	547	563	598	583	611	593	567	572	567	549
Total Liabilities & Shareholders' Equity	7,201	7,588	7,825	8,031	8,140	8,147	8,400	8,352	9,114	8,829	8,658
Total Liabilities	4,639	4,853	4,780	4,804	4,758	4,706	4,891	4,765	5,258	5,126	4,811
Total Current Liabilities	1,785	2,010	1,924	1,920	1,898	1,831	2,528	2,397	2,383	2,305	2,017
Short-Term Debt	16	35	37	33	34	34	501	505	497	499	3.00
Accounts Payable	1,038	1,047	1,074	1,158	1,067	954	1,133	1,106	1,046	952	1,114
Accrued Expenses	332	474	372	368	403	397	444	424	429	407	412
Current Deferred & Payable Income Tax Liabilities	25	52	146	33	24	48	144	36	27	45	138
Current Employee Benefit Liabilities	307	334	230	254	297	327	235	254	306	324	272
Other Current Liabilities	67	68	65	74	73	71	71	72	78	78	78
Total Noncurrent Liabilities	2,854	2,843	2,856	2,884	2,860	2,875	2,363	2,368	2,875	2,821	2,794
Long-Term Debt	2,294	2,284	2,278	2,275	2,260	2,266	1,783	1,783	2,279	2,279	2,278
Noncurrent Deferred & Payable Income Tax Liabilities	135	121	129	131	135	104	101	117	125	101	97
Noncurrent Employee Benefit Liabilities	120	120	109	103	104	124	120	116	118	114	99
Other Noncurrent Operating Liabilities	305	318	340	375	361	381	359	352	353	327	320
Total Equity & Noncontrolling Interests	2,562	2,735	3,045	3,227	3,382	3,441	3,509	3,587	3,856	3,703	3,847
Total Preferred & Common Equity	2,308	2,440	2,735	2,935	3,090	3,115	3,199	3,277	3,503	3,358	3,480
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,308	2,440	2,735	2,935	3,090	3,115	3,199	3,277	3,503	3,358	3,480
Common Stock	1,354	1,365	1,379	1,386	1,398	1,410	1,418	1,426	1,443	1,454	1,464
Retained Earnings	10,402	10,700	11,101	11,477	11,859	12,162	12,548	12,917	13,302	13,677	14,057
Treasury Stock	-9,223	-9,445	-9,569	-9,744	-9,948	-10,285	-10,560	-10,818	-11,032	-11,499	-11,786
Accumulated Other Comprehensive Income / (Loss)	-225	-180	-176	-184	-219	-172	-207	-248	-210	-274	-255
Noncontrolling Interest	254	295	310	292	292	326	310	310	353	345	367

This table displays calculated financial ratios and metrics derived from W.W. Grainger's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.08%	1.64%	2.84%	7.64%	2.36%	2.71%	10.38%	16.94%	8.21%	4.19%
EBITDA Growth	-1.80%	-9.77%	-6.40%	10.42%	6.83%	-19.45%	43.94%	42.92%	14.68%	3.43%
EBIT Growth	-3.54%	-13.12%	-9.16%	13.80%	10.75%	-19.25%	51.15%	42.43%	15.81%	2.62%
NOPAT Growth	-0.45%	-15.30%	-0.36%	27.98%	5.97%	-13.04%	42.85%	43.46%	17.28%	3.96%
Net Income Growth	-3.34%	-19.38%	-1.58%	32.10%	8.75%	-15.64%	47.55%	44.79%	17.98%	4.52%
EPS Growth	1.14%	-14.77%	1.52%	37.03%	11.58%	-16.32%	54.76%	51.51%	20.53%	6.85%
Operating Cash Flow Growth	7.95%	-1.17%	3.22%	0.00%	-1.42%	7.77%	-16.56%	42.26%	52.36%	3.94%
Free Cash Flow Firm Growth	-57.38%	182.39%	-16.27%	31.38%	-16.45%	3.55%	-4.61%	55.11%	31.53%	4.08%
Invested Capital Growth	14.41%	-4.26%	-0.89%	-1.80%	3.71%	-0.26%	9.63%	10.46%	7.44%	7.16%
Revenue Q/Q Growth	-0.33%	-0.08%	1.58%	1.18%	0.74%	0.80%	3.32%	3.00%	1.20%	1.39%
EBITDA Q/Q Growth	-0.67%	-4.26%	1.78%	5.49%	-6.30%	6.82%	9.19%	8.22%	3.71%	2.86%
EBIT Q/Q Growth	-1.02%	-5.78%	2.44%	7.25%	-6.87%	9.59%	10.01%	5.91%	0.62%	2.90%
NOPAT Q/Q Growth	0.74%	-10.26%	17.55%	5.29%	-9.92%	9.69%	11.15%	6.28%	0.66%	4.19%
Net Income Q/Q Growth	-0.25%	-11.30%	17.74%	7.39%	-10.23%	9.90%	11.62%	6.33%	0.79%	4.46%
EPS Q/Q Growth	1.76%	-11.56%	18.72%	8.28%	-10.30%	10.33%	13.24%	7.47%	1.06%	4.88%
Operating Cash Flow Q/Q Growth	0.31%	3.53%	0.10%	-2.05%	-3.87%	6.04%	-11.60%	12.39%	13.65%	-7.70%
Free Cash Flow Firm Q/Q Growth	-27.85%	40.01%	-9.52%	-0.88%	-9.86%	2.97%	-1.82%	3.96%	12.58%	-9.42%
Invested Capital Q/Q Growth	1.28%	-6.61%	-2.43%	-1.13%	-1.48%	-0.28%	2.88%	3.77%	0.12%	5.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.43%	40.59%	39.31%	38.75%	38.28%	35.92%	36.25%	38.41%	39.42%	39.36%
EBITDA Margin	15.27%	13.55%	12.34%	12.65%	13.21%	10.36%	13.51%	16.51%	17.50%	17.37%
Operating Margin	13.04%	10.98%	9.93%	10.32%	10.99%	8.64%	11.88%	14.55%	15.57%	15.36%
EBIT Margin	12.98%	11.10%	9.80%	10.36%	11.21%	8.82%	12.07%	14.70%	15.74%	15.50%
Profit (Net Income) Margin	7.87%	6.24%	5.98%	7.33%	7.79%	6.40%	8.55%	10.59%	11.55%	11.59%
Tax Burden Percent	62.78%	62.12%	66.56%	76.13%	74.03%	79.73%	75.02%	75.16%	76.12%	76.97%
Interest Burden Percent	96.59%	90.58%	91.59%	92.95%	93.87%	91.06%	94.47%	95.85%	96.41%	97.11%
Effective Tax Rate	37.22%	37.88%	33.44%	23.87%	25.97%	20.27%	24.98%	24.84%	23.88%	23.03%
Return on Invested Capital (ROIC)	21.50%	17.44%	17.84%	23.14%	24.30%	20.78%	28.35%	36.96%	39.81%	38.57%
ROIC Less NNEP Spread (ROIC-NNEP)	18.32%	14.26%	14.54%	19.97%	22.08%	17.65%	25.99%	34.44%	37.08%	36.15%
Return on Net Nonoperating Assets (RNNOA)	6.36%	12.29%	15.53%	18.84%	18.80%	15.58%	24.03%	28.95%	21.82%	17.12%
Return on Equity (ROE)	27.86%	29.73%	33.37%	41.98%	43.10%	36.36%	52.39%	65.90%	61.63%	55.68%
Cash Return on Invested Capital (CROIC)	8.06%	21.79%	18.74%	24.95%	20.66%	21.03%	19.17%	27.01%	32.63%	31.65%
Operating Return on Assets (OROA)	23.25%	19.48%	17.78%	19.92%	21.69%	16.91%	24.40%	31.58%	32.96%	31.35%
Return on Assets (ROA)	14.10%	10.96%	10.84%	14.10%	15.07%	12.28%	17.29%	22.75%	24.19%	23.43%
Return on Common Equity (ROCE)	27.07%	28.38%	31.17%	38.66%	39.19%	32.24%	45.60%	58.08%	55.43%	50.45%
Return on Equity Simple (ROE_SIMPLE)	34.64%	35.21%	36.86%	42.84%	48.25%	41.30%	59.45%	66.11%	61.09%	59.23%
Net Operating Profit after Tax (NOPAT)	816	691	689	882	934	812	1,161	1,665	1,952	2,030
NOPAT Margin	8.19%	6.82%	6.61%	7.86%	8.13%	6.89%	8.91%	10.93%	11.85%	11.82%
Net Nonoperating Expense Percent (NNEP)	3.19%	3.18%	3.30%	3.17%	2.22%	3.13%	2.37%	2.52%	2.72%	2.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	32.94%	34.01%	31.32%
Cost of Revenue to Revenue	57.57%	59.41%	60.69%	61.25%	61.72%	64.08%	63.75%	61.59%	60.58%	60.64%
SG&A Expenses to Revenue	29.39%	29.61%	29.38%	28.43%	27.29%	27.29%	24.37%	23.86%	23.86%	24.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	29.39%	29.61%	29.38%	28.43%	27.29%	27.29%	24.37%	23.86%	23.86%	24.00%
Earnings before Interest and Taxes (EBIT)	1,295	1,125	1,022	1,163	1,288	1,040	1,572	2,239	2,593	2,661
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,523	1,374	1,286	1,420	1,517	1,222	1,759	2,514	2,883	2,982
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.82	6.77	7.19	7.60	9.21	11.44	13.79	11.29	13.07	15.26
Price to Tangible Book Value (P/TBV)	10.55	17.77	21.05	14.09	15.22	17.29	20.64	14.99	16.22	18.56
Price to Revenue (P/Rev)	1.10	1.20	1.17	1.30	1.49	1.77	1.98	1.81	2.47	2.98
Price to Earnings (P/E)	14.22	20.08	20.73	18.68	20.12	30.08	24.78	17.80	22.27	26.84
Dividend Yield	2.64%	2.36%	2.37%	2.07%	1.79%	1.53%	1.27%	1.56%	0.89%	0.76%
Earnings Yield	7.03%	4.98%	4.83%	5.35%	4.97%	3.32%	4.04%	5.62%	4.49%	3.73%
Enterprise Value to Invested Capital (EV/IC)	3.14	3.67	3.72	4.36	4.89	5.88	6.60	6.31	8.40	9.79
Enterprise Value to Revenue (EV/Rev)	1.28	1.41	1.37	1.47	1.67	1.95	2.17	1.96	2.59	3.11
Enterprise Value to EBITDA (EV/EBITDA)	8.35	10.37	11.12	11.59	12.62	18.81	16.06	11.87	14.81	17.88
Enterprise Value to EBIT (EV/EBIT)	9.82	12.67	13.99	14.15	14.86	22.10	17.97	13.32	16.46	20.04
Enterprise Value to NOPAT (EV/NOPAT)	15.58	20.61	20.76	18.67	20.49	28.29	24.35	17.92	21.87	26.27
Enterprise Value to Operating Cash Flow (EV/OCF)	12.28	13.91	13.53	15.57	18.37	20.46	30.15	22.38	21.02	25.26
Enterprise Value to Free Cash Flow (EV/FCFF)	41.57	16.49	19.76	17.32	24.10	27.94	36.01	24.51	26.67	32.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.85	1.18	1.28	1.06	1.08	1.15	1.09	0.85	0.67	0.75
Long-Term Debt to Equity	0.59	0.97	1.23	1.00	0.93	1.14	1.09	0.84	0.66	0.62
Financial Leverage	0.35	0.86	1.07	0.94	0.85	0.88	0.92	0.84	0.59	0.47
Leverage Ratio	1.98	2.71	3.08	2.98	2.86	2.96	3.03	2.90	2.55	2.38
Compound Leverage Factor	1.91	2.46	2.82	2.77	2.68	2.70	2.86	2.78	2.46	2.31
Debt to Total Capital	45.81%	54.11%	56.17%	51.47%	51.81%	53.39%	52.23%	45.88%	40.06%	42.86%
Short-Term Debt to Total Capital	13.83%	9.78%	2.28%	3.01%	7.04%	0.18%	0.00%	0.69%	0.59%	7.70%
Long-Term Debt to Total Capital	31.98%	44.33%	53.90%	48.46%	44.77%	53.21%	52.23%	45.19%	39.47%	35.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.98%	2.60%	3.31%	3.99%	4.80%	5.90%	6.32%	5.84%	5.68%	5.32%
Common Equity to Total Capital	52.21%	43.29%	40.52%	44.54%	43.39%	40.71%	41.44%	48.28%	54.26%	51.81%
Debt to EBITDA	1.31	1.64	1.82	1.56	1.46	1.96	1.34	0.92	0.80	0.93
Net Debt to EBITDA	1.12	1.44	1.57	1.18	1.22	1.48	1.21	0.79	0.57	0.58
Long-Term Debt to EBITDA	0.91	1.34	1.75	1.47	1.26	1.96	1.34	0.91	0.79	0.76
Debt to NOPAT	2.44	3.25	3.40	2.52	2.37	2.95	2.04	1.39	1.18	1.37
Net Debt to NOPAT	2.08	2.85	2.93	1.91	1.99	2.23	1.83	1.20	0.84	0.86
Long-Term Debt to NOPAT	1.70	2.66	3.26	2.37	2.05	2.94	2.04	1.37	1.16	1.12
Altman Z-Score	6.19	6.40	6.35	7.18	7.55	7.83	8.73	8.83	10.86	11.57
Noncontrolling Interest Sharing Ratio	2.84%	4.55%	6.58%	7.91%	9.08%	11.32%	12.96%	11.87%	10.06%	9.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.70	1.85	2.13	2.37	2.12	2.72	2.63	2.48	2.88	2.49
Quick Ratio	0.84	0.92	1.10	1.28	1.06	1.43	1.31	1.22	1.56	1.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	306	864	724	951	794	822	785	1,217	1,600	1,666
Operating Cash Flow to CapEx	288.60%	447.16%	903.42%	690.85%	510.78%	634.46%	414.60%	584.65%	479.01%	392.38%
Free Cash Flow to Firm to Interest Expense	9.12	11.37	8.41	11.59	10.05	8.84	9.02	13.08	17.21	21.63
Operating Cash Flow to Interest Expense	30.86	13.47	12.29	12.89	13.19	12.08	10.77	14.33	21.84	27.42
Operating Cash Flow Less CapEx to Interest Expense	20.17	10.46	10.93	11.02	10.61	10.17	8.17	11.88	17.28	20.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.79	1.76	1.81	1.92	1.93	1.92	2.02	2.15	2.09	2.02
Accounts Receivable Turnover	8.37	8.33	8.18	8.28	8.18	8.14	8.07	7.84	7.62	7.76
Inventory Turnover	4.15	4.27	4.46	4.63	4.44	4.46	4.61	4.55	4.42	4.55
Fixed Asset Turnover	7.24	7.11	7.41	8.18	8.35	8.44	9.24	10.56	10.57	9.58
Accounts Payable Turnover	10.10	9.76	9.16	9.76	10.15	10.09	10.41	10.07	9.98	10.92
Days Sales Outstanding (DSO)	43.60	43.80	44.61	44.08	44.65	44.85	45.24	46.58	47.90	47.03
Days Inventory Outstanding (DIO)	88.06	85.48	81.79	78.86	82.28	81.80	79.20	80.23	82.62	80.15
Days Payable Outstanding (DPO)	36.16	37.38	39.84	37.41	35.96	36.17	35.06	36.25	36.58	33.41
Cash Conversion Cycle (CCC)	95.50	91.89	86.56	85.53	90.96	90.48	89.38	90.56	93.94	93.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,051	3,879	3,844	3,775	3,915	3,905	4,281	4,729	5,081	5,445
Invested Capital Turnover	2.63	2.56	2.70	2.95	2.99	3.02	3.18	3.38	3.36	3.26
Increase / (Decrease) in Invested Capital	510	-173	-35	-69	140	-10	376	448	352	364
Enterprise Value (EV)	12,721	14,248	14,299	16,461	19,139	22,981	28,253	29,831	42,692	53,318
Market Capitalization	10,936	12,168	12,145	14,607	17,079	20,904	25,846	27,542	40,726	51,231
Book Value per Share	$36.10	$30.18	$29.66	$34.11	$34.44	$34.06	$36.37	$48.29	$62.76	$68.95
Tangible Book Value per Share	$16.50	$11.49	$10.13	$18.41	$20.83	$22.53	$24.30	$36.36	$50.59	$56.67
Total Capital	4,342	4,153	4,171	4,313	4,275	4,490	4,522	5,054	5,741	6,481
Total Debt	1,989	2,247	2,343	2,220	2,215	2,397	2,362	2,319	2,300	2,778
Total Long-Term Debt	1,388	1,841	2,248	2,090	1,914	2,389	2,362	2,284	2,266	2,279
Net Debt	1,699	1,973	2,016	1,682	1,855	1,812	2,121	1,994	1,640	1,742
Capital Expenditures (CapEx)	359	229	117	153	204	177	226	228	424	538
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,570	1,523	1,467	1,648	1,818	1,901	2,242	2,677	2,817	2,895
Debt-free Net Working Capital (DFNWC)	1,861	1,797	1,794	2,186	2,178	2,486	2,483	3,002	3,477	3,931
Net Working Capital (NWC)	1,260	1,391	1,699	2,056	1,877	2,478	2,483	2,967	3,443	3,432
Net Nonoperating Expense (NNE)	31	58	66	59	39	57	47	52	49	41
Net Nonoperating Obligations (NNO)	1,699	1,973	2,016	1,682	1,855	1,812	2,121	1,994	1,640	1,742
Total Depreciation and Amortization (D&A)	228	249	264	257	229	182	187	275	290	321
Debt-free, Cash-free Net Working Capital to Revenue	15.75%	15.03%	14.07%	14.69%	15.83%	16.11%	17.22%	17.58%	17.10%	16.86%
Debt-free Net Working Capital to Revenue	18.65%	17.73%	17.21%	19.48%	18.96%	21.07%	19.07%	19.71%	21.10%	22.90%
Net Working Capital to Revenue	12.63%	13.72%	16.30%	18.32%	16.34%	21.01%	19.07%	19.48%	20.89%	19.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$15.39	$12.88	$19.94	$30.22	$36.39	$38.84
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	54.70M	53.50M	51.90M	50.90M	49.90M	48.90M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$15.32	$12.82	$19.84	$30.06	$36.23	$38.71
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	54.90M	53.70M	52.20M	51.10M	50.10M	49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	53.66M	52.38M	51.11M	50.20M	49.17M	48.22M
Normalized Net Operating Profit after Tax (NOPAT)	816	691	689	882	934	812	1,161	1,665	1,952	2,030
Normalized NOPAT Margin	8.19%	6.82%	6.61%	7.86%	8.13%	6.89%	8.91%	10.93%	11.85%	11.82%
Pre Tax Income Margin	12.54%	10.05%	8.98%	9.63%	10.53%	8.03%	11.40%	14.09%	15.17%	15.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	38.57	14.80	11.88	14.18	16.30	11.18	18.07	24.08	27.88	34.56
NOPAT to Interest Expense	24.32	9.10	8.01	10.75	11.83	8.74	13.34	17.90	20.99	26.36
EBIT Less CapEx to Interest Expense	27.88	11.79	10.52	12.32	13.72	9.28	15.47	21.62	23.32	27.57
NOPAT Less CapEx to Interest Expense	13.62	6.08	6.65	8.89	9.24	6.83	10.74	15.45	16.44	19.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	39.03%	47.87%	48.80%	38.40%	36.65%	44.77%	32.05%	22.94%	20.60%	21.17%
Augmented Payout Ratio	217.35%	172.67%	145.91%	90.04%	114.86%	124.37%	94.43%	60.32%	65.27%	81.55%

This table displays calculated financial ratios and metrics derived from W.W. Grainger's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.90%	13.19%	12.17%	8.99%	6.75%	5.13%	3.52%	3.11%	4.28%	5.90%	1.68%
EBITDA Growth	35.79%	25.58%	27.20%	24.92%	12.50%	7.91%	0.00%	-0.81%	2.95%	12.95%	0.80%
EBIT Growth	37.84%	29.55%	27.04%	24.12%	10.13%	2.92%	-1.46%	-1.94%	2.37%	13.30%	0.30%
NOPAT Growth	38.88%	31.42%	31.22%	24.98%	11.08%	3.12%	-2.72%	-0.43%	2.37%	19.24%	0.75%
Net Income Growth	40.32%	31.89%	31.95%	25.96%	11.54%	3.78%	-2.17%	0.00%	2.43%	20.63%	0.60%
EPS Growth	46.37%	38.42%	35.93%	29.07%	14.03%	5.05%	0.10%	2.48%	4.67%	22.76%	2.49%
Operating Cash Flow Growth	136.02%	69.01%	32.36%	80.00%	37.63%	67.78%	45.59%	-8.67%	16.83%	-29.14%	-2.27%
Free Cash Flow Firm Growth	-29.16%	41.84%	31.35%	107.05%	-123.53%	297.05%	1,358.38%	3,611.47%	3,082.06%	96.43%	-90.80%
Invested Capital Growth	9.52%	10.46%	12.78%	10.84%	11.37%	7.44%	1.84%	1.71%	2.15%	7.16%	9.48%
Revenue Q/Q Growth	2.74%	-3.55%	7.60%	2.22%	0.62%	-5.01%	5.95%	1.82%	1.76%	-3.53%	1.72%
EBITDA Q/Q Growth	11.78%	-10.54%	26.77%	-1.46%	0.67%	-14.19%	22.24%	-2.26%	4.48%	-5.85%	4.83%
EBIT Q/Q Growth	13.54%	-10.46%	25.18%	-2.48%	0.75%	-16.32%	19.86%	-2.96%	5.18%	-7.39%	6.10%
NOPAT Q/Q Growth	13.01%	-9.40%	26.85%	-3.77%	0.44%	-15.89%	19.67%	-1.50%	3.25%	-2.03%	1.11%
Net Income Q/Q Growth	13.62%	-10.18%	27.96%	-3.54%	0.61%	-16.43%	20.63%	-1.41%	3.06%	-1.58%	0.60%
EPS Q/Q Growth	15.02%	-8.95%	27.62%	-3.43%	1.62%	-16.12%	21.62%	-1.14%	3.79%	-1.62%	1.54%
Operating Cash Flow Q/Q Growth	52.00%	-5.26%	26.11%	-0.88%	16.22%	15.49%	9.44%	-37.82%	48.66%	-29.95%	50.93%
Free Cash Flow Firm Q/Q Growth	136.69%	-163.11%	9.40%	133.61%	-222.44%	628.52%	478.55%	-0.86%	-1.62%	-65.19%	-72.91%
Invested Capital Q/Q Growth	0.62%	3.77%	3.59%	2.47%	1.10%	0.12%	-1.81%	2.35%	1.53%	5.03%	0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.53%	39.61%	39.94%	39.31%	39.33%	39.10%	39.39%	39.29%	39.20%	39.59%	39.71%
EBITDA Margin	16.84%	15.62%	18.41%	17.74%	17.75%	16.04%	17.78%	17.07%	17.53%	17.10%	17.63%
Operating Margin	15.30%	14.31%	16.62%	15.81%	15.85%	13.94%	15.80%	15.05%	15.63%	14.95%	15.61%
EBIT Margin	15.53%	14.41%	16.77%	16.00%	16.02%	14.11%	15.96%	15.21%	15.72%	15.10%	15.75%
Profit (Net Income) Margin	11.21%	10.44%	12.42%	11.72%	11.72%	10.31%	11.74%	11.36%	11.51%	11.74%	11.61%
Tax Burden Percent	75.30%	75.62%	76.74%	75.97%	75.61%	76.16%	75.88%	77.04%	75.26%	79.90%	76.10%
Interest Burden Percent	95.92%	95.80%	96.50%	96.41%	96.74%	95.92%	96.89%	96.95%	97.25%	97.34%	96.90%
Effective Tax Rate	24.70%	24.38%	23.26%	24.03%	24.39%	23.84%	24.12%	22.96%	24.74%	20.10%	23.90%
Return on Invested Capital (ROIC)	39.07%	36.57%	43.25%	40.28%	40.52%	35.65%	40.30%	38.37%	38.84%	38.98%	39.18%
ROIC Less NNEP Spread (ROIC-NNEP)	38.47%	35.88%	42.53%	39.65%	39.91%	34.98%	39.66%	37.76%	38.09%	38.46%	38.44%
Return on Net Nonoperating Assets (RNNOA)	33.21%	30.16%	30.07%	26.87%	24.76%	20.58%	20.18%	18.35%	15.90%	18.21%	16.18%
Return on Equity (ROE)	72.28%	66.73%	73.32%	67.15%	65.28%	56.24%	60.47%	56.72%	54.74%	57.18%	55.36%
Cash Return on Invested Capital (CROIC)	26.85%	27.01%	26.70%	29.29%	29.52%	32.63%	37.38%	36.54%	35.85%	31.65%	29.87%
Operating Return on Assets (OROA)	33.78%	30.96%	35.47%	33.98%	34.00%	29.55%	32.71%	31.11%	30.86%	30.53%	31.83%
Return on Assets (ROA)	24.40%	22.43%	26.27%	24.89%	24.87%	21.59%	24.05%	23.24%	22.59%	23.75%	23.47%
Return on Common Equity (ROCE)	63.87%	58.81%	65.21%	60.59%	59.29%	50.58%	54.75%	51.71%	49.86%	51.81%	50.26%
Return on Equity Simple (ROE_SIMPLE)	65.73%	0.00%	63.47%	62.59%	61.10%	0.00%	59.14%	57.74%	54.35%	0.00%	57.24%
Net Operating Profit after Tax (NOPAT)	454	411	522	502	504	424	508	500	516	506	511
NOPAT Margin	11.52%	10.82%	12.76%	12.01%	11.99%	10.61%	11.99%	11.60%	11.77%	11.95%	11.88%
Net Nonoperating Expense Percent (NNEP)	0.60%	0.70%	0.72%	0.63%	0.62%	0.67%	0.64%	0.60%	0.75%	0.52%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	-	8.14%	-	-	-	7.39%	-	-	-	7.80%	8.35%
Cost of Revenue to Revenue	61.47%	60.39%	60.06%	60.69%	60.67%	60.90%	60.61%	60.71%	60.80%	60.41%	60.29%
SG&A Expenses to Revenue	23.24%	25.30%	23.32%	23.51%	23.48%	25.17%	23.59%	24.23%	23.56%	24.64%	24.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.24%	25.30%	23.32%	23.51%	23.48%	25.17%	23.59%	24.23%	23.56%	24.64%	24.11%
Earnings before Interest and Taxes (EBIT)	612	548	686	669	674	564	676	656	690	639	678
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	664	594	753	742	747	641	753	736	769	724	759
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.54	11.29	12.47	13.33	11.10	13.07	15.72	13.48	14.48	15.26	13.69
Price to Tangible Book Value (P/TBV)	14.12	14.99	16.00	16.79	13.78	16.22	19.35	16.48	17.55	18.56	16.57
Price to Revenue (P/Rev)	1.65	1.81	2.18	2.44	2.11	2.47	3.02	2.64	3.00	2.98	2.76
Price to Earnings (P/E)	16.83	17.80	20.43	22.13	18.87	22.27	27.64	24.29	27.73	26.84	24.94
Dividend Yield	1.40%	1.56%	1.27%	1.12%	1.29%	0.89%	0.73%	0.85%	0.75%	0.76%	0.83%
Earnings Yield	5.94%	5.62%	4.89%	4.52%	5.30%	4.49%	3.62%	4.12%	3.61%	3.73%	4.01%
Enterprise Value to Invested Capital (EV/IC)	5.83	6.31	7.40	8.21	7.15	8.40	10.44	9.01	10.11	9.79	9.08
Enterprise Value to Revenue (EV/Rev)	1.80	1.96	2.31	2.57	2.23	2.59	3.13	2.75	3.09	3.11	2.88
Enterprise Value to EBITDA (EV/EBITDA)	11.44	11.87	14.01	15.18	13.05	14.81	18.06	15.99	18.08	17.88	16.60
Enterprise Value to EBIT (EV/EBIT)	12.58	13.32	15.20	16.38	14.08	16.46	20.16	17.90	20.26	20.04	18.63
Enterprise Value to NOPAT (EV/NOPAT)	16.97	17.92	20.27	21.81	18.71	21.87	26.86	23.76	26.90	26.27	24.40
Enterprise Value to Operating Cash Flow (EV/OCF)	22.42	22.38	25.11	25.06	20.30	21.02	23.27	20.92	22.91	25.26	23.67
Enterprise Value to Free Cash Flow (EV/FCFF)	22.71	24.51	29.38	29.47	25.52	26.67	28.17	24.87	28.49	32.01	31.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.85	0.76	0.72	0.68	0.67	0.65	0.64	0.72	0.75	0.59
Long-Term Debt to Equity	0.90	0.84	0.75	0.71	0.67	0.66	0.51	0.50	0.59	0.62	0.59
Financial Leverage	0.86	0.84	0.71	0.68	0.62	0.59	0.51	0.49	0.42	0.47	0.42
Leverage Ratio	2.90	2.90	2.74	2.65	2.58	2.55	2.48	2.40	2.38	2.38	2.32
Compound Leverage Factor	2.79	2.78	2.64	2.55	2.50	2.44	2.40	2.33	2.32	2.31	2.25
Debt to Total Capital	47.41%	45.88%	43.19%	41.70%	40.42%	40.06%	39.43%	38.94%	41.86%	42.86%	37.22%
Short-Term Debt to Total Capital	0.33%	0.69%	0.69%	0.60%	0.60%	0.59%	8.65%	8.60%	7.49%	7.70%	0.05%
Long-Term Debt to Total Capital	47.09%	45.19%	42.50%	41.10%	39.82%	39.47%	30.78%	30.35%	34.36%	35.16%	37.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.21%	5.84%	5.78%	5.28%	5.14%	5.68%	5.35%	5.28%	5.32%	5.32%	5.99%
Common Equity to Total Capital	47.37%	48.28%	51.03%	53.03%	54.44%	54.26%	55.22%	55.78%	52.82%	51.81%	56.79%
Debt to EBITDA	0.99	0.92	0.89	0.85	0.83	0.80	0.79	0.80	0.96	0.93	0.76
Net Debt to EBITDA	0.86	0.79	0.72	0.66	0.61	0.57	0.51	0.53	0.46	0.58	0.54
Long-Term Debt to EBITDA	0.99	0.91	0.88	0.84	0.81	0.79	0.62	0.62	0.79	0.76	0.76
Debt to NOPAT	1.47	1.39	1.29	1.22	1.18	1.18	1.18	1.18	1.43	1.37	1.12
Net Debt to NOPAT	1.27	1.20	1.04	0.95	0.87	0.84	0.76	0.78	0.68	0.86	0.79
Long-Term Debt to NOPAT	1.46	1.37	1.27	1.20	1.17	1.16	0.92	0.92	1.17	1.12	1.12
Altman Z-Score	7.99	8.09	9.06	9.67	9.16	10.04	10.93	10.44	10.44	10.82	10.95
Noncontrolling Interest Sharing Ratio	11.63%	11.87%	11.06%	9.77%	9.19%	10.06%	9.46%	8.83%	8.91%	9.39%	9.20%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.63	2.48	2.70	2.78	2.85	2.88	2.19	2.30	2.59	2.49	2.74
Quick Ratio	1.39	1.22	1.43	1.53	1.60	1.56	1.24	1.30	1.59	1.42	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	58	-37	-33	11	-14	72	418	414	407	142	38
Operating Cash Flow to CapEx	950.00%	1,333.33%	472.92%	473.68%	450.86%	516.24%	560.17%	540.79%	702.30%	166.54%	516.80%
Free Cash Flow to Firm to Interest Expense	2.32	-1.59	-1.38	0.46	-0.62	3.14	19.89	20.70	21.44	8.34	1.83
Operating Cash Flow to Interest Expense	15.20	15.65	18.92	18.75	23.77	26.26	31.48	20.55	32.16	25.18	30.76
Operating Cash Flow Less CapEx to Interest Expense	13.60	14.48	14.92	14.79	18.50	21.17	25.86	16.75	27.58	10.06	24.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.18	2.15	2.12	2.12	2.12	2.09	2.05	2.05	1.96	2.02	2.02
Accounts Receivable Turnover	7.58	7.84	7.30	7.09	7.08	7.62	7.19	7.04	7.07	7.76	7.34
Inventory Turnover	4.76	4.55	4.58	4.61	4.61	4.42	4.56	4.63	4.71	4.55	4.65
Fixed Asset Turnover	10.42	10.56	10.80	10.96	11.03	10.57	10.60	10.63	10.30	9.58	9.47
Accounts Payable Turnover	9.32	10.07	9.06	8.78	9.35	9.98	9.15	8.99	9.74	10.92	9.29
Days Sales Outstanding (DSO)	48.14	46.58	50.02	51.47	51.58	47.90	50.77	51.88	51.63	47.03	49.75
Days Inventory Outstanding (DIO)	76.60	80.23	79.72	79.15	79.11	82.62	80.11	78.80	77.46	80.15	78.44
Days Payable Outstanding (DPO)	39.15	36.25	40.27	41.56	39.03	36.58	39.91	40.62	37.49	33.41	39.28
Cash Conversion Cycle (CCC)	85.60	90.56	89.46	89.06	91.66	93.94	90.97	90.06	91.60	93.77	88.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,557	4,729	4,899	5,020	5,075	5,081	4,989	5,106	5,184	5,445	5,462
Invested Capital Turnover	3.39	3.38	3.39	3.35	3.38	3.36	3.36	3.31	3.30	3.26	3.30
Increase / (Decrease) in Invested Capital	396	448	555	491	518	352	90	86	109	364	473
Enterprise Value (EV)	26,585	29,831	36,261	41,206	36,282	42,692	52,069	46,008	52,402	53,318	49,612
Market Capitalization	24,336	27,542	34,097	39,121	34,297	40,726	50,279	44,179	50,721	51,231	47,630
Book Value per Share	$45.37	$48.29	$54.48	$58.50	$61.80	$62.76	$65.02	$66.78	$71.75	$68.95	$72.17
Tangible Book Value per Share	$33.87	$36.36	$42.45	$46.44	$49.76	$50.59	$52.83	$54.62	$59.19	$56.67	$59.63
Total Capital	4,872	5,054	5,360	5,535	5,676	5,741	5,793	5,875	6,632	6,481	6,128
Total Debt	2,310	2,319	2,315	2,308	2,294	2,300	2,284	2,288	2,776	2,778	2,281
Total Long-Term Debt	2,294	2,284	2,278	2,275	2,260	2,266	1,783	1,783	2,279	2,279	2,278
Net Debt	1,995	1,994	1,854	1,793	1,693	1,640	1,480	1,519	1,328	1,742	1,615
Capital Expenditures (CapEx)	40	27	96	95	116	117	118	76	87	257	125
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,602	2,677	2,842	2,941	2,947	2,817	2,709	2,860	2,849	2,895	2,850
Debt-free Net Working Capital (DFNWC)	2,917	3,002	3,303	3,456	3,548	3,477	3,513	3,629	4,297	3,931	3,516
Net Working Capital (NWC)	2,901	2,967	3,266	3,423	3,514	3,443	3,012	3,124	3,800	3,432	3,513
Net Nonoperating Expense (NNE)	12	14	14	12	11	12	11	10	11	8.79	11
Net Nonoperating Obligations (NNO)	1,995	1,994	1,854	1,793	1,693	1,640	1,480	1,519	1,328	1,742	1,615
Total Depreciation and Amortization (D&A)	52	46	67	73	73	77	77	80	79	85	81
Debt-free, Cash-free Net Working Capital to Revenue	17.60%	17.58%	18.13%	18.36%	18.10%	17.10%	16.30%	17.07%	16.83%	16.86%	16.53%
Debt-free Net Working Capital to Revenue	19.73%	19.71%	21.08%	21.58%	21.79%	21.10%	21.13%	21.66%	25.38%	22.90%	20.40%
Net Working Capital to Revenue	19.62%	19.48%	20.84%	21.37%	21.58%	20.89%	18.12%	18.65%	22.44%	19.99%	20.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.31	$7.58	$9.66	$9.32	$9.47	$7.94	$9.65	$9.54	$9.90	$9.75	$9.88
Adjusted Weighted Average Basic Shares Outstanding	50.80M	50.90M	50.20M	50.10M	49.90M	49.90M	49.20M	49M	48.80M	48.90M	48.20M
Adjusted Diluted Earnings per Share	$8.27	$7.53	$9.61	$9.28	$9.43	$7.91	$9.62	$9.51	$9.87	$9.71	$9.86
Adjusted Weighted Average Diluted Shares Outstanding	51.10M	51.10M	50.50M	50.30M	50.10M	50.10M	49.40M	49.20M	48.90M	49M	48.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.53M	50.20M	50.17M	50.00M	49.63M	49.17M	49.07M	48.83M	48.70M	48.22M	48.04M
Normalized Net Operating Profit after Tax (NOPAT)	454	411	522	502	504	424	508	500	516	506	511
Normalized NOPAT Margin	11.52%	10.82%	12.76%	12.01%	11.99%	10.61%	11.99%	11.60%	11.77%	11.95%	11.88%
Pre Tax Income Margin	14.89%	13.81%	16.18%	15.42%	15.49%	13.54%	15.47%	14.75%	15.29%	14.69%	15.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.48	23.83	28.58	27.88	30.64	24.52	32.19	32.80	36.32	37.59	32.29
NOPAT to Interest Expense	18.16	17.89	21.74	20.92	22.92	18.44	24.17	25.00	27.17	29.75	24.35
EBIT Less CapEx to Interest Expense	22.88	22.65	24.58	23.92	25.36	19.43	26.57	29.00	31.74	22.47	26.33
NOPAT Less CapEx to Interest Expense	16.56	16.71	17.74	16.96	17.65	13.36	18.55	21.20	22.59	14.63	18.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	25.12%	22.94%	21.49%	20.74%	20.39%	20.60%	21.67%	21.35%	21.69%	21.17%	21.64%
Augmented Payout Ratio	61.57%	60.32%	59.85%	59.77%	58.85%	65.27%	73.26%	76.80%	78.57%	81.55%	82.58%

Frequently Asked Questions About W.W. Grainger's Financials

When does W.W. Grainger's financial year end?

According to the most recent income statement we have on file, W.W. Grainger's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has W.W. Grainger's net income changed over the last 9 years?

W.W. Grainger's net income appears to be on an upward trend, with a most recent value of $1.99 billion in 2024, rising from $785.17 million in 2015. The previous period was $1.90 billion in 2023. Check out W.W. Grainger's forecast to explore projected trends and price targets.

What is W.W. Grainger's operating income?

W.W. Grainger's total operating income in 2024 was $2.64 billion, based on the following breakdown:

Total Gross Profit: $6.76 billion
Total Operating Expenses: $4.12 billion

How has W.W. Grainger's revenue changed over the last 9 years?

Over the last 9 years, W.W. Grainger's total revenue changed from $9.97 billion in 2015 to $17.17 billion in 2024, a change of 72.1%.

How much debt does W.W. Grainger have?

W.W. Grainger's total liabilities were at $5.13 billion at the end of 2024, a 8.9% increase from 2023, and a 46.2% increase since 2015.

How much cash does W.W. Grainger have?

In the past 9 years, W.W. Grainger's cash and equivalents has ranged from $241 million in 2021 to $1.04 billion in 2024, and is currently $1.04 billion as of their latest financial filing in 2024.

How has W.W. Grainger's book value per share changed over the last 9 years?

Over the last 9 years, W.W. Grainger's book value per share changed from 36.10 in 2015 to 68.95 in 2024, a change of 91.0%.

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This page (NYSE:GWW) was last updated on 6/17/2025 by MarketBeat.com Staff

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W.W. Grainger (GWW) Financials

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W.W. Grainger (GWW) Financials

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