W.W. GRAINGER, INC.

Listed Company

GWWCIK 0000277135NYSELarge AcceleratedWholesale-Durable GoodsIllinoisFY ends Dec 31

Period

FY 2025

Revenue

$17.94B

Net Income

$1.71B

Total Assets

$8.96B

Equity

$3.74B

Shares Out

47.37M

Op. Cash Flow

$2.02B

Business

W.W. Grainger, Inc. is a broad-line distributor that supplies maintenance, repair and operating (MRO) products and value-added services to commercial, institutional and industrial customers. It offers millions of products across categories such as safety and security, material handling, pumps and plumbing, cleaning and maintenance, metalworking and hand tools, along with services including technical support and inventory management. The company operates two reportable segments—High-Touch Solutions North America (value-added, relationship-driven solutions) and Endless Assortment (large-scale eCommerce platforms)—plus other businesses. Grainger serves customers primarily through distribution centers, branches and online channels across North America, Japan and the United Kingdom, leveraging eCommerce platforms and supply-chain logistics.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	17,942	17,168	16,478	15,228	13,022
Cost of goods sold	10,933	10,410	9,982	9,379	8,302
Gross profit	7,009	6,758	6,496	5,849	4,720
Selling, general and administrative expenses	4,514	4,121	3,931	3,634	3,173
Operating earnings	2,495	2,637	2,565	2,215	1,547
Interest expense net	81	77	93	—	—
Other net	−16	−24	−28	−24	−25
Total other expense net	65	53	65	69	62
Earnings before income taxes	2,430	2,584	2,500	2,146	1,485
Income tax provision	622	595	597	533	371
Net earnings	1,808	1,989	1,903	1,613	1,114
Less net earnings attributable to noncontrolling interest	102	80	74	66	71
Net earnings attributable to W.W. Grainger, Inc.	1,706	1,909	1,829	1,547	1,043
Basic (in dollars per share)	35.47	38.84	36.39	30.22	19.94
Diluted (in dollars per share)	35.4	38.71	36.23	30.06	19.84
Basic (in shares)	48	49	50	51	52
Diluted (in shares)	48	49	50	51	52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	585	1,036	660	325	241
Accounts receivable (less allowance for credit losses of $32 and $32)	2,329	2,232	2,192	2,133	1,754
Inventories net	2,394	2,306	2,266	2,253	1,870
Prepaid expenses and other current assets	176	163	156	266	146
Total current assets	5,484	5,737	5,274	4,977	4,011
Property, buildings and equipment net	2,268	1,927	1,658	1,461	1,424
Goodwill	360	355	370	371	384
Intangibles net	265	243	234	232	238
Operating lease right-of-use	345	371	429	367	393
Other assets	240	196	182	180	142
Total assets	8,962	8,829	8,147	7,588	6,592
Current maturities	126	499	34	35	0
Trade accounts payable	963	952	954	1,047	816
Accrued compensation and benefits	343	324	327	334	319
Operating lease liability	73	78	71	68	66
Accrued expenses	386	407	397	474	290
Income taxes payable	49	45	48	52	37
Total current liabilities	1,940	2,305	1,831	2,010	1,528
Long-term debt	2,362	2,279	2,266	2,284	2,362
Long-term operating lease liability	301	327	381	318	334
Deferred income taxes and tax uncertainties	121	101	104	121	121
Other non-current liabilities	97	114	124	120	87
Cumulative preferred stock $5 par value 12,000,000 shares authorized; none issued or outstanding	0	0	0	0	0
Common Stock $0.50 par value 300,000,000 shares authorized; 109,659,219 shares issued	55	55	55	55	55
Additional contributed capital	1,446	1,399	1,355	1,310	1,270
Retained earnings	14,958	13,677	12,162	10,700	9,500
Accumulated other comprehensive losses	−165	−274	−172	−180	−96
Treasury stock, at cost 62,240,438 and 61,326,349 shares, respectively	−12,558	−11,499	−10,285	−9,445	—
Total W.W. Grainger, Inc. shareholders equity	3,736	3,358	3,115	2,440	1,874
Noncontrolling interest	405	345	326	295	286
Total shareholders' equity	4,141	3,703	3,441	2,735	2,160
Total liabilities and shareholders' equity	8,962	8,829	8,147	7,588	6,592

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	23	23	23	19	18
Deferred income taxes and tax uncertainties	16	−8	−9	8	27
Depreciation and amortization	254	237	214	205	187
Non-cash lease expense	82	84	76	70	50
Net losses from sales of assets and business divestitures	196	0	17	−14	−6
Stock-based compensation	64	62	62	48	42
Accounts receivable	−190	−110	−98	−436	−324
Inventories	−147	−77	−16	−412	−152
Prepaid expenses and other assets	−73	−36	101	−158	−15
Trade accounts payable	43	20	−65	225	54
Operating lease liabilities	−104	−96	−88	−76	−68
Accrued liabilities	38	20	−91	218	59
Income taxes net	−4	−3	−4	42	−26
Other non-current liabilities	9	6	6	−19	−23
Net cash provided by operating activities	2,015	2,111	2,031	1,333	937
Capital expenditures	−684	−541	−445	−256	−255
Proceeds from sales of assets and business divestitures	33	3	21	28	29
Other net	6	18	2	−35	0
Net cash used in investing activities	−645	−520	−422	−263	−226
Short-term borrowings (repayments), original maturities of 90 days or less, net	125	0	0	—	—
Proceeds from debt	91	503	7	16	0
Payments of debt	−506	−39	−37	−15	−8
Proceeds from stock options exercised	15	30	34	26	48
Payments for employee taxes withheld from stock awards	−36	−50	−37	−23	−30
Purchases of treasury stock	−1,045	−1,201	−850	−603	−695
Cash dividends paid	−467	−421	−392	−370	−357
Other net	−2	−2	−3	−3	3
Net cash used in financing activities	−1,825	−1,180	−1,278	−972	−1,039
Exchange rate effect on cash and cash equivalents	4	−35	4	−14	−16
Net change in cash and cash equivalents	−451	376	335	84	−344
Cash payments for interest (net of amounts capitalized)	106	111	109	91	87
Cash payments for income taxes	610	606	615	—	—

Filings

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