W.W. Grainger Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	17,942	17,168	16,478	15,228	13,022
Revenue Growth (YoY)	4.51%	4.19%	8.21%	16.94%	10.38%
Cost of Revenue	10,933	10,410	9,982	9,379	8,302
Gross Profit	7,009	6,758	6,496	5,849	4,720
Selling, General & Admin	4,514	4,016	3,823	3,550	3,088
Amortization of Goodwill & Intangibles	-	70	64	61	63
Operating Expenses	4,514	4,086	3,887	3,611	3,151
Operating Income	2,495	2,672	2,609	2,238	1,569
Interest Expense	-81	-77	-93	-93	-87
Other Non Operating Income (Expenses)	16	5	10	1	3
EBT Excluding Unusual Items	2,430	2,600	2,526	2,146	1,485
Merger & Restructuring Charges	-	-16	-	-	-
Gain (Loss) on Sale of Assets	-	-	-26	-	-
Pretax Income	2,430	2,584	2,500	2,146	1,485
Income Tax Expense	622	595	597	533	371
Earnings From Continuing Operations	1,808	1,989	1,903	1,613	1,114
Minority Interest in Earnings	-102	-80	-74	-66	-71
Net Income	1,706	1,909	1,829	1,547	1,043
Net Income to Common	1,706	1,909	1,829	1,547	1,043
Net Income Growth	-10.63%	4.37%	18.23%	48.32%	50.07%
Shares Outstanding (Basic)	48	49	50	51	52
Shares Outstanding (Diluted)	48	49	50	51	52
Shares Change (YoY)	-2.04%	-2.20%	-1.96%	-2.11%	-2.79%
EPS (Basic)	35.62	39.04	36.65	30.39	20.10
EPS (Diluted)	35.40	38.71	36.23	30.06	19.84
EPS Growth	-8.55%	6.84%	20.53%	51.51%	54.76%
Free Cash Flow	1,331	1,570	1,586	1,077	682
Free Cash Flow Per Share	27.73	32.04	31.66	21.08	13.06
Dividend Per Share	8.830	8.010	7.300	6.780	6.390
Dividend Growth	10.24%	9.73%	7.67%	6.10%	7.58%
Gross Margin	39.06%	39.36%	39.42%	38.41%	36.25%
Operating Margin	13.91%	15.56%	15.83%	14.70%	12.05%
Profit Margin	9.51%	11.12%	11.10%	10.16%	8.01%
Free Cash Flow Margin	7.42%	9.14%	9.63%	7.07%	5.24%
EBITDA	2,749	2,909	2,823	2,443	1,756
EBITDA Margin	15.32%	16.94%	17.13%	16.04%	13.48%
D&A For EBITDA	254	237	214	205	187
EBIT	2,495	2,672	2,609	2,238	1,569
EBIT Margin	13.91%	15.56%	15.83%	14.70%	12.05%
Effective Tax Rate	25.60%	23.03%	23.88%	24.84%	24.98%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.