W.W. Grainger Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.94B | $16.93B | $16.48B | $15.23B | $13.02B | $11.80B | $11.49B | $11.22B |
| High-Touch Solutions N.A. | — | $13.56B | $13.28B | $12.24B | $10.39B | $9.37B | $9.14B | $0 |
| Endless Assortment | — | $3.06B | $2.90B | $2.64B | $2.25B | $1.99B | $1.77B | $0 |
| U.S. | — | $0 | $0 | $0 | $0 | $0 | $0 | $8.77B |
| Canada | — | $0 | $0 | $0 | $0 | $0 | $0 | $785.0M |
| Other Businesses | — | $0 | $0 | $0 | $0 | $0 | $0 | $1.67B |
| Other | — | $307.0M | $301.0M | $346.0M | $381.0M | $440.0M | $575.0M | $0 |
| Cost of Revenue | $10.93B | $10.41B | $9.98B | $9.38B | $8.30B | $7.56B | $7.09B | $6.87B |
| Gross Profit | $7.01B | $6.76B | $6.50B | $5.85B | $4.72B | $4.24B | $4.40B | $4.35B |
| Gross Margin | 39.1% | 39.9% | 39.4% | 38.4% | 36.2% | 35.9% | 38.3% | 38.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $4.51B | $4.12B | $3.93B | $3.63B | $3.17B | $3.22B | $3.14B | $3.19B |
| Operating Income | $2.50B | $2.64B | $2.57B | $2.22B | $1.55B | $1.02B | $1.26B | $1.16B |
| Operating Margin | 13.9% | 15.6% | 15.6% | 14.5% | 11.9% | 8.6% | 11.0% | 10.3% |
| Interest Expense | — | — | — | — | — | — | — | $88.0M |
| Pretax Income | $2.43B | $2.58B | $2.50B | $2.15B | $1.49B | $947.0M | $1.21B | $1.08B |
| Income Tax Expense | $622.0M | $595.0M | $597.0M | $533.0M | $371.0M | $192.0M | $314.0M | $258.0M |
| Net Income | $1.71B | $1.91B | $1.83B | $1.55B | $1.04B | $695.0M | $849.0M | $782.0M |
| Net Margin | 9.5% | 11.3% | 11.1% | 10.2% | 8.0% | 5.9% | 7.4% | 7.0% |
| EPS (Basic) | $35.47 | $38.84 | $36.39 | $30.22 | $19.94 | $12.88 | $15.39 | $13.82 |
| EPS (Diluted) | $35.40 | $38.71 | $36.23 | $30.06 | $19.84 | $12.82 | $15.32 | $13.73 |
| Shares Outstanding (Basic) | 47.9M | 48.9M | 49.9M | 50.9M | 51.9M | 53.5M | 54.7M | 56.1M |
| Shares Outstanding (Diluted) | 48.0M | 49.0M | 50.1M | 51.1M | 52.2M | 53.7M | 54.9M | 56.5M |
| Dividends Per Share | $8.83 | $8.01 | $7.30 | $6.78 | $6.39 | $5.94 | $5.68 | $5.36 |