W.W. Grainger, Inc. (GWW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.74B | 4.42B | 4.66B | 4.55B | 4.31B | 4.23B | 4.39B | 4.31B | 4.24B | 4B | 4.21B | 4.18B | 4.09B | 3.8B | 3.94B | 3.84B | 3.65B | 3.36B | 3.37B | 3.21B |
| Revenue Growth % | 10.13% | 4.54% | 6.13% | 5.61% | 1.68% | 5.9% | 4.28% | 3.11% | 3.52% | 5.13% | 6.75% | 8.99% | 12.17% | 13.19% | 16.9% | 19.64% | 18.26% | 14.21% | 11.73% | 13.04% |
| Cost of Goods Sold | 2.85B | 2.68B | 2.86B | 2.8B | 2.6B | 2.56B | 2.67B | 2.62B | 2.57B | 2.43B | 2.55B | 2.54B | 2.46B | 2.3B | 2.42B | 2.4B | 2.26B | 2.11B | 2.12B | 2.08B |
| COGS % of Revenue | 60.02% | 60.54% | 61.39% | 61.46% | 60.29% | 60.41% | 60.8% | 60.71% | 60.61% | 60.9% | 60.67% | 60.69% | 60.06% | 60.39% | 61.47% | 62.44% | 62.08% | 62.7% | 62.93% | 64.95% |
| Gross Profit | 1.9B | 1.75B | 1.8B | 1.75B | 1.71B | 1.68B | 1.72B | 1.69B | 1.67B | 1.56B | 1.66B | 1.64B | 1.63B | 1.51B | 1.52B | 1.44B | 1.38B | 1.25B | 1.25B | 1.12B |
| Gross Margin % | 39.98% | 39.46% | 38.61% | 38.54% | 39.71% | 39.59% | 39.2% | 39.29% | 39.39% | 39.1% | 39.33% | 39.31% | 39.94% | 39.61% | 38.53% | 37.56% | 37.92% | 37.3% | 37.07% | 35.05% |
| Gross Profit Growth % | 10.88% | 4.18% | 4.53% | 3.6% | 2.52% | 7.23% | 3.93% | 3.04% | 2.08% | 3.78% | 8.95% | 14.09% | 18.15% | 20.19% | 21.52% | 28.2% | 26.53% | 22.01% | 16.39% | 10.63% |
| Operating Expenses | 1.1B | 1.11B | 1.29B | 1.08B | 1.04B | 1.04B | 1.03B | 1.04B | 999M | 1.01B | 988M | 983M | 954M | 962M | 916M | 907M | 849M | 836M | 812M | 790M |
| OpEx % of Revenue | 23.26% | 25.13% | 27.64% | 23.65% | 24.11% | 24.64% | 23.56% | 24.23% | 23.59% | 25.17% | 23.48% | 23.51% | 23.32% | 25.3% | 23.24% | 23.64% | 23.28% | 24.89% | 24.08% | 24.63% |
| Selling, General & Admin | 1.1B | 1.11B | 1.29B | 1.08B | 1.04B | 1.04B | 1.03B | 1.04B | 999M | 1.01B | 988M | 983M | 954M | 962M | 916M | 907M | 849M | 836M | 812M | 790M |
| SG&A % of Revenue | 23.26% | 25.13% | 27.64% | 23.65% | 24.11% | 24.64% | 23.56% | 24.23% | 23.59% | 25.17% | 23.48% | 23.51% | 23.32% | 25.3% | 23.24% | 23.64% | 23.28% | 24.89% | 24.08% | 24.63% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 793M | 634M | 511M | 678M | 672M | 633M | 686M | 649M | 669M | 557M | 667M | 661M | 680M | 544M | 603M | 534M | 534M | 417M | 438M | 334M |
| Operating Margin % | 16.72% | 14.33% | 10.97% | 14.89% | 15.61% | 14.95% | 15.63% | 15.05% | 15.8% | 13.94% | 15.85% | 15.81% | 16.62% | 14.31% | 15.3% | 13.92% | 14.64% | 12.41% | 12.99% | 10.41% |
| Operating Income Growth % | 18.01% | 0.16% | -25.51% | 4.47% | 0.45% | 13.64% | 2.85% | -1.82% | -1.62% | 2.39% | 10.61% | 23.78% | 27.34% | 30.46% | 37.67% | 59.88% | 49.16% | 51.64% | 15.26% | 62.93% |
| EBITDA | 855M | 698M | 576M | 742M | 733M | 695M | 745M | 709M | 725M | 614M | 723M | 716M | 731M | 602M | 655M | 589M | 586M | 465M | 483M | 383M |
| EBITDA Margin % | 18.03% | 15.77% | 12.37% | 16.29% | 17.02% | 16.42% | 16.98% | 16.44% | 17.12% | 15.36% | 17.18% | 17.12% | 17.87% | 15.83% | 16.62% | 15.35% | 16.07% | 13.84% | 14.32% | 11.94% |
| EBITDA Growth % | 16.64% | 0.43% | -22.68% | 4.65% | 1.1% | 13.19% | 3.04% | -0.98% | -0.82% | 1.99% | 10.38% | 21.56% | 24.74% | 29.46% | 35.61% | 53.79% | 46.13% | 45.31% | 14.46% | 50.2% |
| D&A (Non-Cash Add-back) | 62M | 64M | 65M | 64M | 61M | 62M | 59M | 60M | 56M | 57M | 56M | 55M | 51M | 58M | 52M | 55M | 52M | 48M | 45M | 49M |
| EBIT | 793M | 640M | 512M | 681M | 678M | 639M | 690M | 656M | 676M | 564M | 674M | 669M | 686M | 548M | 612M | 539M | 540M | 423M | 444M | 341M |
| Net Interest Income | -21M | -20M | -20M | -20M | -21M | -17M | -19M | -20M | -21M | -23M | -22M | -24M | -24M | -23M | -25M | -22M | -23M | -22M | -22M | -22M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 21M | 20M | 20M | 20M | 21M | 17M | 19M | 20M | 21M | 23M | 22M | 24M | 24M | 23M | 25M | 22M | 23M | 22M | 22M | 22M |
| Other Income/Expense | -18M | -14M | -19M | -17M | -15M | -11M | -15M | -13M | -14M | -16M | -15M | -16M | -18M | -19M | -16M | -17M | -17M | -16M | -16M | -15M |
| Pretax Income | 775M | 620M | 492M | 661M | 657M | 622M | 671M | 636M | 655M | 541M | 652M | 645M | 662M | 525M | 587M | 517M | 517M | 401M | 422M | 319M |
| Pretax Margin % | 16.34% | 14.01% | 10.56% | 14.51% | 15.26% | 14.69% | 15.29% | 14.75% | 15.47% | 13.54% | 15.49% | 15.42% | 16.18% | 13.81% | 14.89% | 13.47% | 14.18% | 11.94% | 12.51% | 9.95% |
| Income Tax | 194M | 141M | 171M | 153M | 157M | 125M | 166M | 146M | 158M | 129M | 159M | 155M | 154M | 128M | 145M | 128M | 132M | 100M | 107M | 76M |
| Effective Tax Rate % | 25.03% | 22.74% | 34.76% | 23.15% | 23.9% | 20.1% | 24.74% | 22.96% | 24.12% | 23.84% | 24.39% | 24.03% | 23.26% | 24.38% | 24.7% | 24.76% | 25.53% | 24.94% | 25.36% | 23.82% |
| Net Income | 555M | 451M | 294M | 482M | 479M | 475M | 486M | 470M | 478M | 395M | 476M | 470M | 488M | 384M | 426M | 371M | 366M | 283M | 297M | 225M |
| Net Margin % | 11.7% | 10.19% | 6.31% | 10.58% | 11.12% | 11.22% | 11.08% | 10.9% | 11.29% | 9.88% | 11.31% | 11.24% | 11.93% | 10.1% | 10.81% | 9.67% | 10.04% | 8.43% | 8.81% | 7.02% |
| Net Income Growth % | 15.87% | -5.05% | -39.51% | 2.55% | 0.21% | 20.25% | 2.1% | 0% | -2.05% | 2.86% | 11.74% | 26.68% | 33.33% | 35.69% | 43.43% | 64.89% | 53.78% | 68.45% | 23.75% | 97.37% |
| Net Income (Continuing) | 581M | 479M | 321M | 508M | 500M | 497M | 505M | 490M | 497M | 412M | 493M | 490M | 508M | 397M | 442M | 389M | 385M | 301M | 315M | 243M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 413M | 0 | 400M | 409M | 367M | 345M | 353M | 310M | 310M | 326M | 292M | 292M | 310M | 295M | 254M | 264M | 289M | 286M | 290M | 273M |
| EPS (Diluted) | 11.65 | 9.44 | 6.09 | 10.02 | 9.86 | 9.71 | 9.94 | 9.55 | 9.68 | 7.95 | 9.50 | 9.34 | 9.66 | 7.53 | 8.34 | 7.19 | 7.12 | 5.44 | 5.65 | 4.27 |
| EPS Growth % | 18.15% | -2.78% | -38.73% | 4.92% | 1.86% | 22.14% | 4.63% | 2.25% | 0.21% | 5.58% | 13.91% | 29.9% | 35.67% | 38.42% | 47.61% | 68.38% | 58.93% | 74.36% | 28.12% | 103.33% |
| EPS (Basic) | 11.73 | 9.45 | 6.10 | 10.04 | 9.88 | 9.74 | 9.96 | 9.59 | 9.72 | 7.98 | 9.54 | 9.38 | 9.72 | 7.58 | 8.39 | 7.22 | 7.16 | 5.47 | 5.68 | 4.30 |
| Diluted Shares Outstanding | 47.4M | 47.6M | 48.1M | 48.2M | 48.3M | 48.7M | 48.9M | 49.2M | 49.4M | 49.7M | 50.1M | 50.3M | 50.5M | 50.7M | 51.1M | 51.3M | 51.4M | 51.7M | 52.1M | 52.5M |
| Basic Shares Outstanding | 47.3M | 47.5M | 48M | 48.1M | 48.2M | 48.6M | 48.8M | 49M | 49.2M | 49.5M | 49.9M | 50.1M | 50.2M | 50.4M | 50.8M | 51M | 51.1M | 51.4M | 51.8M | 52.2M |
| Dividend Payout Ratio | 19.46% | 24.17% | 45.24% | 22.82% | 24.01% | 21.05% | 23.66% | 21.49% | 21.97% | 23.29% | 22.27% | 22.77% | 17.83% | 22.14% | 23.94% | 26.68% | 22.95% | 33.92% | 28.62% | 42.22% |