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W.W. Grainger, Inc. (GWW)

NYSE / Industrials / Industrial - Distribution

Share price

1331.17 USD Market dataClose of Oct 15, 2026

Market capitalisation

62.70B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 19, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

30.9% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

37.53x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

2.1% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 10.14B USDFY2016 Net income: 606.0M USDFY2017 Revenue: 10.43B USDFY2017 Net income: 586.0M USDFY2018 Revenue: 11.22B USDFY2018 Net income: 782.0M USDFY2019 Revenue: 11.49B USDFY2019 Net income: 849.0M USDFY2020 Revenue: 11.80B USDFY2020 Net income: 695.0M USDFY2021 Revenue: 13.02B USDFY2021 Net income: 1.04B USDFY2022 Revenue: 15.23B USDFY2022 Net income: 1.55B USDFY2023 Revenue: 16.48B USDFY2023 Net income: 1.83B USDFY2024 Revenue: 17.17B USDFY2024 Net income: 1.91B USDFY2025 Revenue: 17.94B USDFY2025 Net income: 1.71B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 37.53x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Industrials sector (412 companies), 37.53x sits at the 73rd percentile; the middle half of that group runs from 15.04x to 38.40x.

Is it good

Return on invested capital was 30.9% in FY2025, in the band labelled "Exceptional" (20.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on the capital in the business well above the usual cost of that capital.

Today, against the Industrials sector (316 companies), 30.9% sits at the 95th percentile; the middle half of that group runs from 3.4% to 15.3%.

Is it safe

Interest coverage was 30.80x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether W.W. Grainger, Inc.'s return on invested capital stayed above the median of the Industrials sector, year by year. (FY2018 to FY2025, 8 fiscal years of W.W. Grainger, Inc. with a comparable figure)
The direction
Which way W.W. Grainger, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of W.W. Grainger, Inc.)
What could explain it
What in W.W. Grainger, Inc.'s filed statements could explain the movements. (11 readings drawn from the statement lines W.W. Grainger, Inc. filed)
What to check next
What to check next on W.W. Grainger, Inc., and where in its filings. (4 questions for W.W. Grainger, Inc.)
In one paragraph
One paragraph on W.W. Grainger, Inc.'s returns, cash, balance sheet and price. (16 of sixteen figures read for W.W. Grainger, Inc.)

These are GWW’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research GWWPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 19, 2026, accession 0000277135-26-000011.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

W.W. Grainger, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax30.9% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Return on equity45.7% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Return on capital employed, pre-tax35.5% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Return on assets19.0% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Gross margin39.1% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Operating margin13.9% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Net margin9.5% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
GWW 9.5%
FAST 15.3%FERG 6.0%WSO 6.9%AIT 8.3%WCC 2.7%
2.7%15.3%
Net margin: GWW against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

W.W. Grainger, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.77 ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Current ratio2.83 ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Quick ratio1.59 ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Interest coverage30.80x ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Altman Z-score13.68 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Net debt2.28B ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Total assets 8.96BTotal liabilities 4.82BShareholders' equity 3.74BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What W.W. Grainger, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 19, 2026, 0000277135-26-000011).

W.W. Grainger, Inc: balance sheet position
Total assets8.96B FiledFY2025 10-K, filed Feb 19, 2026
Total liabilities4.82B FiledFY2025 10-K, filed Feb 19, 2026
Shareholders' equity3.74B FiledFY2025 10-K, filed Feb 19, 2026
Cash585.0M FiledFY2025 10-K, filed Feb 19, 2026
Total debt2.86B FiledFY2025 10-K, filed Feb 19, 2026
Net debt2.28B
Current ratio2.83
Debt to equity0.77

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

W.W. Grainger, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings37.53x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
P/E on trailing twelve months33.92x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book17.10x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Price to sales3.56x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Enterprise value to EBIT26.52x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Enterprise value to EBITDA23.42x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Price to earnings over growth1.67 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Diluted earnings per share35.40 USD FiledFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Graham number249.23 USD ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011

We publish no fair value or price target of our own. Value GWW on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for W.W. Grainger, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

W.W. Grainger, Inc: valuation
Share price1331.17 USD
Market capitalisation62.70B USD
Enterprise value to EBITDA23.42x
Graham number249.23 USD
Diluted earnings per share, FY202535.40 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jul 27, 2017: low 13.67x, median 25.26x, high 37.70x, latest 33.92x. 2,317 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like W.W. Grainger, Inc

  1. Fastenal Company (FAST)Market cap 57.81B USD
  2. Ferguson plc (FERG)Market cap 44.25B USD
  3. Watsco, Inc. (WSO)Market cap 12.36B USD
  4. Applied Industrial Technologies, Inc. (AIT)Market cap 12.26B USD
  5. WESCO International, Inc. (WCC)Market cap 16.89B USD

Same industry (Industrial - Distribution) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

W.W. Grainger, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield2.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Free cash flow1.33B USD ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Free cash flow margin7.4% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Dividend yield0.7% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Payout ratio27.4% ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
FY2016 Free cash flow: 740.0M USDFY2016 Net income: 606.0M USDFY2017 Free cash flow: 820.0M USDFY2017 Net income: 586.0M USDFY2018 Free cash flow: 818.0M USDFY2018 Net income: 782.0M USDFY2019 Free cash flow: 821.0M USDFY2019 Net income: 849.0M USDFY2020 Free cash flow: 926.0M USDFY2020 Net income: 695.0M USDFY2021 Free cash flow: 682.0M USDFY2021 Net income: 1.04B USDFY2022 Free cash flow: 1.08B USDFY2022 Net income: 1.55B USDFY2023 Free cash flow: 1.59B USDFY2023 Net income: 1.83B USDFY2024 Free cash flow: 1.57B USDFY2024 Net income: 1.91B USDFY2025 Free cash flow: 1.33B USDFY2025 Net income: 1.71B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

W.W. Grainger, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
37.53xFY2025Oct 15, 2026
17.10xFY2025Oct 15, 2026
26.52xFY2025Oct 15, 2026
2.1%FY2025Oct 15, 2026
30.9%FY2025Feb 19, 2026
0.7%FY2025Oct 15, 2026
0.77FY2025Feb 19, 2026
2.83FY2025Feb 19, 2026
3.56xFY2025Oct 15, 2026
1.67FY2025Oct 15, 2026
13.68FY2025Oct 15, 2026
-2.28FY2025Feb 19, 2026
6/9FY2025Feb 19, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports W.W. Grainger, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

W.W. Grainger, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202517.94B2.50B1.71B35.401.33B13.9%45.7%10-K, Feb 19, 20260000277135-26-000011
FY202417.17B2.64B1.91B38.711.57B15.4%56.9%10-K, Feb 20, 20250000277135-25-000010
FY202316.48B2.56B1.83B36.231.59B15.6%58.7%10-K, Feb 22, 20240000277135-24-000011
FY202215.23B2.21B1.55B30.061.08B14.6%63.4%10-K, Feb 21, 20230000277135-23-000014
FY202113.02B1.55B1.04B19.84682.0M11.9%55.7%10-K, Feb 23, 20220000277135-22-000012
FY202011.80B1.02B695.0M12.82926.0M8.6%38.0%10-K, Feb 24, 20210000277135-21-000007
FY201911.49B1.26B849.0M15.32821.0M11.0%45.8%10-K, Feb 20, 20200000277135-20-000007
FY201811.22B1.16B782.0M13.73818.0M10.3%40.7%10-K, Feb 28, 20190000277135-19-000010
FY201710.43B1.03B586.0M10.02820.0M9.9%34.7%10-K, Feb 26, 20180000277135-18-000007
FY201610.14B1.11B606.0M9.87740.0M11.0%33.7%10-K, Feb 28, 20170000277135-17-000007
  • Revenue, compound annual growth FY2016 to FY2025: 6.5%
  • Earnings, compound annual growth FY2016 to FY2025: 12.2%
  • Earnings per share, compound annual growth FY2016 to FY2025: 15.2%
  • Free cash flow, compound annual growth FY2016 to FY2025: 6.7%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

W.W. Grainger, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.28 ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 19, 2026, 0000277135-26-000011
Named tests met2 of 30 Computed
Beta0.66 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 28 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.