Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1B | $10.4B | $11.2B | $11.5B | $11.8B | $13.0B | $15.2B | $16.5B | $17.2B | $17.9B |
| Revenue growth | — | 2.8% | 7.6% | 2.4% | 2.7% | 10.4% | 16.9% | 8.2% | 4.2% | 4.5% |
| Gross profit | $4.12B | $4.10B | $4.35B | $4.40B | $4.24B | $4.72B | $5.85B | $6.50B | $6.76B | $7.01B |
| Gross margin | 40.6% | 39.3% | 38.7% | 38.3% | 35.9% | 36.2% | 38.4% | 39.4% | 39.4% | 39.1% |
| Operating income | $1.11B | $1.03B | $1.16B | $1.26B | $1.02B | $1.55B | $2.21B | $2.56B | $2.64B | $2.50B |
| Operating margin | 11.0% | 9.9% | 10.3% | 11.0% | 8.6% | 11.9% | 14.5% | 15.6% | 15.4% | 13.9% |
| Net income | $606M | $586M | $782M | $849M | $695M | $1.04B | $1.55B | $1.83B | $1.91B | $1.71B |
| Net margin | 6.0% | 5.6% | 7.0% | 7.4% | 5.9% | 8.0% | 10.2% | 11.1% | 11.1% | 9.5% |
| EPS (diluted) | $9.87 | $10.02 | $13.73 | $15.32 | $12.82 | $19.84 | $30.06 | $36.23 | $38.71 | $35.40 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.02B | $1.06B | $1.06B | $1.04B | $1.12B | $937M | $1.33B | $2.03B | $2.11B | $2.02B |
| Capital expenditures | $284M | $237M | $239M | $221M | $197M | $255M | $256M | $445M | $541M | $684M |
| Free cash flow | $740M | $820M | $818M | $821M | $926M | $682M | $1.08B | $1.59B | $1.57B | $1.33B |
| Share buybacks | $790M | $605M | $425M | $700M | $601M | $695M | $603M | $850M | $1.20B | $1.04B |
| Dividends paid | $303M | $304M | $316M | $328M | $338M | $357M | $370M | $392M | $421M | $467M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $274M | $327M | $538M | $360M | $585M | $241M | $325M | $660M | $1.04B | $585M |
| Total assets | $5.69B | $5.80B | $5.87B | $6.00B | $6.29B | $6.59B | $7.59B | $8.15B | $8.83B | $8.96B |
| Long-term debt | $1.84B | $2.25B | $2.09B | $1.91B | $2.39B | $2.36B | $2.28B | $2.27B | $2.28B | $2.36B |
| Shareholders' equity | $1.80B | $1.69B | $1.92B | $1.85B | $1.83B | $1.87B | $2.44B | $3.12B | $3.36B | $3.74B |
| Retained earnings | $7.11B | $7.41B | $7.87B | $8.40B | $8.78B | $9.50B | $10.7B | $12.2B | $13.7B | $15.0B |
| Shares (wtd avg diluted) | 60.8M | 58.0M | 56.5M | 54.9M | 53.7M | 52.2M | 51.1M | 50.1M | 49.0M | 48.0M |
Every figure is extracted from W.W. GRAINGER, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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