Graco Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.24B | $2.11B | $2.20B | $2.14B | $1.99B | $1.65B | $1.65B | $1.65B |
| Cost of Revenue | $1.06B | $990.9M | $1.03B | $1.09B | $953.7M | $795.2M | $786.3M | $770.8M |
| Gross Profit | $1.17B | $1.12B | $1.16B | $1.06B | $1.03B | $854.9M | $859.8M | $882.5M |
| Gross Margin | 52.5% | 53.1% | 52.9% | 49.3% | 52.0% | 51.8% | 52.2% | 53.4% |
| Operating Expenses | ||||||||
| Research & Development | $82.3M | $87.2M | $82.8M | $80.0M | $79.7M | $72.2M | $67.6M | $63.1M |
| SG&A Expense | $206.2M | $191.4M | $171.4M | $153.8M | $151.4M | $135.5M | $133.4M | $137.5M |
| Operating Income | $624.8M | $570.1M | $646.8M | $572.7M | $531.3M | $391.7M | $424.5M | $436.4M |
| Operating Margin | 27.9% | 27.0% | 29.5% | 26.7% | 26.7% | 23.7% | 25.8% | 26.4% |
| Interest Expense | — | — | $5.2M | $9.9M | $10.2M | $11.3M | $13.1M | $14.4M |
| Pretax Income | $641.2M | $589.3M | $608.8M | $565.7M | $508.5M | $374.7M | $405.9M | $410.8M |
| Income Tax Expense | $119.4M | $103.2M | $102.3M | $105.1M | $68.6M | $44.2M | $62.0M | $69.7M |
| Net Income | $521.8M | $486.1M | $506.5M | $460.6M | $439.9M | $330.5M | $343.9M | $341.1M |
| Net Margin | 23.3% | 23.0% | 23.1% | 21.5% | 22.1% | 20.0% | 20.9% | 20.6% |
| EPS (Basic) | $3.14 | $2.88 | $3.01 | $2.73 | $2.59 | $1.97 | $2.06 | $2.04 |
| EPS (Diluted) | $3.08 | $2.82 | $2.94 | $2.66 | $2.52 | $1.92 | $2.00 | $1.97 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 169.2M | 172.4M | 172.2M | 172.9M | 174.5M | 172.0M | 171.6M | 173.2M |
| Dividends Per Share | $1.12 | $1.04 | $0.96 | $0.87 | $0.77 | $0.71 | $0.66 | $0.56 |