W.W. Grainger Inc (GWW) financial statements: income statement, balance sheet and cash flow

W.W. Grainger Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), W.W. Grainger Inc reported revenue of $17.9B (+4.5% year on year) and net income of $1.8B (-9.1% year on year).

Income statement

W.W. Grainger Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$17.9B	$17.2B	$16.5B	$15.2B
Cost of goods sold	$10.9B	$10.4B	$10.0B	$9.4B
Gross profit	$7.0B	$6.8B	$6.5B	$5.8B
Selling, general and administrative expenses	$4.5B	$4.1B	$3.9B	$3.6B
Operating earnings	$2.5B	$2.6B	$2.6B	$2.2B
Interest expense – net	$81.0M	$77.0M	$93.0M	$93.0M
Other – net	($16.0M)	($24.0M)	($28.0M)	($24.0M)
Total other expense – net	$65.0M	$53.0M	$65.0M	$69.0M
Earnings before income taxes	$2.4B	$2.6B	$2.5B	$2.1B
Income tax provision	$622.0M	$595.0M	$597.0M	$533.0M
Net earnings	$1.8B	$2.0B	$1.9B	$1.6B
Less net earnings attributable to noncontrolling interest	$102.0M	$80.0M	$74.0M	$66.0M
Net earnings attributable to W.W. Grainger, Inc.	$1.7B	$1.9B	$1.8B	$1.5B
Basic (in dollars per share)	$35.47	$38.84	$36.39	$30.22
Diluted (in dollars per share)	$35.40	$38.71	$36.23	$30.06
Basic (in shares)	47.9M	48.9M	49.9M	50.9M
Diluted (in shares)	48.0M	49.0M	50.1M	51.1M

W.W. Grainger Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$5.0B	$4.7B	$4.7B	$4.6B
Cost of goods sold	$3.0B	$2.8B	$2.9B	$2.8B
Gross profit	$2.0B	$1.9B	$1.8B	$1.8B
Selling, general and administrative expenses	$1.2B	$1.1B	$1.3B	$1.1B
Operating earnings	$807.0M	$793.0M	$511.0M	$678.0M
Interest expense – net	$20.0M	$21.0M	$20.0M	$20.0M
Other – net	($11.0M)	($3.0M)	($1.0M)	($3.0M)
Total other expense – net	$9.0M	$18.0M	$19.0M	$17.0M
Earnings before income taxes	$798.0M	$775.0M	$492.0M	$661.0M
Income tax provision	$198.0M	$194.0M	$171.0M	$153.0M
Net earnings	$600.0M	$581.0M	$321.0M	$508.0M
Less net earnings attributable to noncontrolling interest	$30.0M	$26.0M	$27.0M	$26.0M
Net earnings attributable to W.W. Grainger, Inc.	$570.0M	$555.0M	$294.0M	$482.0M
Basic (in dollars per share)	$12.02	$11.67	$6.13	$9.99
Diluted (in dollars per share)	$12.01	$11.65	$6.12	$9.97
Basic (in shares)	47.2M	47.3M	47.8M	48.0M
Diluted (in shares)	47.2M	47.4M	47.9M	48.1M

Balance sheet

W.W. Grainger Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$585.0M	$1.0B	$660.0M	$325.0M
Accounts receivable (less allowance for credit losses of $32 and $32)	$2.3B	$2.2B	$2.2B	$2.1B
Inventories – net	$2.4B	$2.3B	$2.3B	$2.3B
Prepaid expenses and other current assets	$176.0M	$163.0M	$156.0M	$266.0M
Total current assets	$5.5B	$5.7B	$5.3B	$5.0B
Property, buildings and equipment – net	$2.3B	$1.9B	$1.7B	$1.5B
Goodwill	$360.0M	$355.0M	$370.0M	$371.0M
Intangibles – net	$265.0M	$243.0M	$234.0M	$232.0M
Operating lease right-of-use	$345.0M	$371.0M	$429.0M	$367.0M
Other assets	$240.0M	$196.0M	$182.0M	$180.0M
Total assets	$9.0B	$8.8B	$8.1B	$7.6B
Current maturities	$126.0M	$499.0M	$34.0M	$35.0M
Trade accounts payable	$963.0M	$952.0M	$954.0M	$1.0B
Accrued compensation and benefits	$343.0M	$324.0M	$327.0M	$334.0M
Operating lease liability	$73.0M	$78.0M	$71.0M	$68.0M
Accrued expenses	$386.0M	$407.0M	$397.0M	$474.0M
Income taxes payable	$49.0M	$45.0M	$48.0M	$52.0M
Total current liabilities	$1.9B	$2.3B	$1.8B	$2.0B
Long-term debt	$2.4B	$2.3B	$2.3B	$2.3B
Long-term operating lease liability	$301.0M	$327.0M	$381.0M	$318.0M
Deferred income taxes and tax uncertainties	$121.0M	$101.0M	$104.0M	$121.0M
Other non-current liabilities	$97.0M	$114.0M	$124.0M	$120.0M
Cumulative preferred stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding	0	0	0	0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued	55.0M	55.0M	55.0M	55.0M
Additional contributed capital	$1.4B	$1.4B	$1.4B	$1.3B
Retained earnings	$15.0B	$13.7B	$12.2B	$10.7B
Accumulated other comprehensive losses	($165.0M)	($274.0M)	($172.0M)	($180.0M)
Treasury stock, at cost – 62,240,438 and 61,326,349 shares, respectively	-12.6B	-11.5B	-10.3B	—
Total W.W. Grainger, Inc. shareholders’ equity	$3.7B	$3.4B	$3.1B	$2.4B
Noncontrolling interest	$405.0M	$345.0M	$326.0M	$295.0M
Total shareholders' equity	$4.1B	$3.7B	$3.4B	$2.7B
Total liabilities and shareholders' equity	$9.0B	$8.8B	$8.1B	$7.6B

W.W. Grainger Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$589.0M	$695.0M	$535.0M	$597.0M
Accounts receivable (less allowance for credit losses of $33 and $32, respectively)	$2.8B	$2.6B	$2.4B	$2.5B
Inventories – net	$2.4B	$2.4B	$2.3B	$2.4B
Prepaid expenses and other current assets	$213.0M	$200.0M	$206.0M	$224.0M
Total current assets	$6.0B	$5.9B	$5.5B	$5.7B
Property, buildings and equipment – net	$2.4B	$2.4B	$2.2B	$2.1B
Goodwill	$354.0M	$358.0M	$361.0M	$365.0M
Intangibles – net	$272.0M	$268.0M	$264.0M	$267.0M
Operating lease right-of-use	$360.0M	$342.0M	$320.0M	$355.0M
Other assets	$233.0M	$239.0M	$192.0M	$193.0M
Total assets	$9.6B	$9.5B	$8.8B	$8.9B
Current maturities	$2.0M	$2.0M	$2.0M	$2.0M
Trade accounts payable	$1.3B	$1.2B	$1.1B	$1.2B
Accrued compensation and benefits	$347.0M	$285.0M	$297.0M	$260.0M
Operating lease liability	$72.0M	$71.0M	$76.0M	$81.0M
Accrued expenses	$389.0M	$423.0M	$410.0M	$414.0M
Income taxes payable	$48.0M	$198.0M	$25.0M	$41.0M
Total current liabilities	$2.1B	$2.2B	$2.0B	$2.0B
Long-term debt	$2.4B	$2.4B	$2.4B	$2.3B
Long-term operating lease liability	$317.0M	$299.0M	$275.0M	$305.0M
Deferred income taxes and tax uncertainties	$149.0M	$128.0M	$135.0M	$102.0M
Other non-current liabilities	$95.0M	$95.0M	$95.0M	$104.0M
Cumulative preferred stock – $5 par value – 12,000,000 shares authorized; none issued or outstanding	0	0	0	0
Common Stock – $0.50 par value – 300,000,000 shares authorized; 109,659,219 shares issued	55.0M	55.0M	55.0M	55.0M
Additional contributed capital	$1.4B	$1.4B	$1.4B	$1.4B
Retained earnings	$15.9B	$15.4B	$14.6B	$14.4B
Accumulated other comprehensive losses	($198.0M)	($181.0M)	($219.0M)	($199.0M)
Treasury stock, at cost – 62,558,699 and 62,240,438 shares, respectively	-13.0B	-12.8B	-12.3B	-12.0B
Total W.W. Grainger, Inc. shareholders’ equity	$4.1B	$3.9B	$3.6B	$3.7B
Noncontrolling interest	$382.0M	$413.0M	$400.0M	$409.0M
Total shareholders' equity	$4.5B	$4.3B	$4.0B	$4.1B
Total liabilities and shareholders' equity	$9.6B	$9.5B	$8.8B	$8.9B

Cash flow statement

W.W. Grainger Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net earnings	$1.8B	$2.0B	$1.9B	$1.6B
Provision for credit losses	$23.0M	$23.0M	$23.0M	$19.0M
Deferred income taxes and tax uncertainties	$16.0M	($8.0M)	($9.0M)	$8.0M
Depreciation and amortization	$254.0M	$237.0M	$214.0M	$217.0M
Non-cash lease expense	$82.0M	$84.0M	$76.0M	—
Net losses from sales of assets and business divestitures	$196.0M	$0	$17.0M	($14.0M)
Stock-based compensation	$64.0M	$62.0M	$62.0M	$48.0M
Accounts receivable	($190.0M)	($110.0M)	($98.0M)	($436.0M)
Inventories	($147.0M)	($77.0M)	($16.0M)	($412.0M)
Prepaid expenses and other assets	($73.0M)	($36.0M)	$101.0M	($158.0M)
Trade accounts payable	$43.0M	$20.0M	($65.0M)	$225.0M
Operating lease liabilities	($104.0M)	($96.0M)	($88.0M)	—
Accrued liabilities	$38.0M	$20.0M	($91.0M)	$200.0M
Income taxes – net	($4.0M)	($3.0M)	($4.0M)	$42.0M
Other non-current liabilities	$9.0M	$6.0M	$6.0M	($26.0M)
Net cash provided by operating activities	$2.0B	$2.1B	$2.0B	$1.3B
Capital expenditures	($684.0M)	($541.0M)	($445.0M)	($256.0M)
Proceeds from sales of assets and business divestitures	$33.0M	$3.0M	$21.0M	$28.0M
Other – net	$6.0M	$18.0M	$2.0M	($35.0M)
Net cash used in investing activities	($645.0M)	($520.0M)	($422.0M)	($263.0M)
Short-term borrowings (repayments), original maturities of 90 days or less, net	$125.0M	—	—	—
Proceeds from debt	$91.0M	$503.0M	$7.0M	$0
Payments of debt	($506.0M)	($39.0M)	($37.0M)	$0
Proceeds from stock options exercised	$15.0M	$30.0M	$34.0M	$26.0M
Payments for employee taxes withheld from stock awards	($36.0M)	($50.0M)	($37.0M)	($23.0M)
Purchases of treasury stock	($1.0B)	($1.2B)	($850.0M)	($603.0M)
Cash dividends paid	($467.0M)	($421.0M)	($392.0M)	($370.0M)
Other – net	($2.0M)	($2.0M)	($3.0M)	($3.0M)
Net cash used in financing activities	($1.8B)	($1.2B)	($1.3B)	($972.0M)
Exchange rate effect on cash and cash equivalents	$4.0M	($35.0M)	$4.0M	($14.0M)
Net change in cash and cash equivalents	($451.0M)	$376.0M	$335.0M	$84.0M
Cash and cash equivalents at beginning of year	$1.0B	$660.0M	$325.0M	$241.0M
Cash and cash equivalents at end of period	$585.0M	$1.0B	$660.0M	$325.0M
Cash payments for interest (net of amounts capitalized)	$106.0M	$111.0M	$109.0M	$91.0M
Cash payments for income taxes	$610.0M	$606.0M	$615.0M	$479.0M

W.W. Grainger Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net earnings	$1.2B	$581.0M	$1.3B	$1.0B
Provision for credit losses	$13.0M	$6.0M	$20.0M	$13.0M
Deferred income taxes and tax uncertainties	$31.0M	$8.0M	$37.0M	$1.0M
Depreciation and amortization	$128.0M	$62.0M	$190.0M	$125.0M
Non-cash lease expense	$40.0M	$20.0M	$62.0M	$41.0M
Stock-based compensation	$39.0M	$14.0M	$49.0M	$35.0M
Accounts receivable	($510.0M)	($303.0M)	($252.0M)	($212.0M)
Inventories	$14.0M	$5.0M	($27.0M)	($19.0M)
Prepaid expenses and other assets	($32.0M)	($50.0M)	($32.0M)	($33.0M)
Trade accounts payable	$312.0M	$253.0M	$185.0M	$231.0M
Operating lease liabilities	($48.0M)	($24.0M)	($79.0M)	($53.0M)
Accrued liabilities	$21.0M	($5.0M)	$4.0M	($60.0M)
Income taxes – net	($4.0M)	$173.0M	($42.0M)	($37.0M)
Other non-current liabilities	($2.0M)	($1.0M)	($20.0M)	($17.0M)
Net cash provided by operating activities	$1.2B	$739.0M	$1.6B	$1.0B
Capital expenditures	($281.0M)	($170.0M)	($558.0M)	($300.0M)
Proceeds from sale of assets	$0	—	$4.0M	$4.0M
Other – net	($13.0M)	($8.0M)	$11.0M	$13.0M
Net cash used in investing activities	($294.0M)	($178.0M)	($543.0M)	($283.0M)
Short-term borrowings (repayments), original maturities of 90 days or less, net	($125.0M)	($125.0M)	—	—
Proceeds from debt	$52.0M	$50.0M	$90.0M	$63.0M
Payments of debt	($4.0M)	($1.0M)	($503.0M)	($503.0M)
Proceeds from stock options exercised	$8.0M	$6.0M	$2.0M	$2.0M
Payments for employee taxes withheld from stock awards	($30.0M)	($5.0M)	($31.0M)	($30.0M)
Purchases of treasury stock	($461.0M)	($237.0M)	($798.0M)	($507.0M)
Purchases of noncontrolling interests	($70.0M)	($25.0M)	—	—
Cash dividends paid	($253.0M)	($108.0M)	($358.0M)	($225.0M)
Other – net	$9.0M	($1.0M)	($1.0M)	($1.0M)
Net cash used in financing activities	($874.0M)	($446.0M)	($1.6B)	($1.2B)
Exchange rate effect on cash and cash equivalents	($11.0M)	($5.0M)	$21.0M	$22.0M
Net change in cash and cash equivalents	$4.0M	$110.0M	($501.0M)	($439.0M)
Cash and cash equivalents at beginning of year	$585.0M	$585.0M	$1.0B	$1.0B
Cash and cash equivalents at end of period	$589.0M	$695.0M	$535.0M	$597.0M

W.W. Grainger Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.