)
W W Grainger (GWW) investor relations material
W W Grainger Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 4.5% reported sales growth for 2025, reaching $17.9 billion, with 4.9% daily organic constant currency growth, outpacing the U.S. MRO market by 250 bps in High-Touch Solutions and delivering 15.6% growth in Endless Assortment.
Navigated macroeconomic headwinds, including tariffs and a government shutdown, and exited the UK market, divesting Cromwell and closing Zoro UK.
Advanced digital, AI, and data initiatives, expanded product assortment, and invested in new distribution centers in the U.S. and Japan.
Recognized as a top employer and for ethical business practices, supporting a strong workplace culture.
Financial highlights
FY 2025 sales reached $17.9B, up 4.5% year-over-year; operating margin was 15.0% adjusted (down 50 bps); diluted EPS was $39.48 adjusted (up 1.3%).
Q4 2025 sales were $4.43B, up 4.5%; operating margin was 14.3%, down 70 bps; diluted EPS was $9.44, down 2.8%.
Gross margin for FY 2025 was 39.1%, down 30 bps due to tariff headwinds; Q4 gross margin was 39.5%, down 10 bps.
ROIC for FY 2025 was 39.1%; operating cash flow was $2.0B; $1.5B returned to shareholders via dividends and buybacks.
Outlook and guidance
2026 net sales expected at $18.7–$19.1B, with daily organic constant currency sales growth of 6.5%–9.0%.
High-Touch Solutions segment projected to grow 5%–7.5%; Endless Assortment to grow 12.5%–15%.
2026 operating margin guidance: 15.4%–15.9%, with EPS expected at $42.25–$44.75, up over 10% at midpoint.
CapEx planned at $550M–$650M; $1B in share repurchases; anticipated high single-digit to low double-digit dividend increases.
Operating cash flow projected at $2.125–$2.325B.
- TimeTickerHeadlineOpen
- 7 FebPGIL
Double-digit revenue and profit growth, margin gains, and FTAs to further boost expansion. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026.
Next W W Grainger earnings date
Next W W Grainger earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Maintenance, Repair, and Operating Products
W.W. Grainger, Inc., most commonly referred to simply as Grainger, is an American company specializing in maintenance, repair, and operating (MRO) products. The company primarily operates in North America, offering products that include electrical and lighting equipment, material handling tools, and safety gear. The company supports its distribution through a combination of online platforms and a network of physical branches, facilitating timely delivery and accessibility of products. It is headquartered in Lake Forest, Illinois, and its shares are listed on the NYSE.
William Wallace Grainger
W.W. Grainger was founded in 1927 by William Wallace Grainger in Chicago. The company started as a wholesale electric motor sales and distribution business, eventually expanding its product line to include other electric and industrial supplies, driven by the demand of the time. The company continued to grow in the decades following its establishment and went public in 1967. Following the IPO the company increased its product offerings substantially, with its distribution network growing in tandem. This focus on increasing its portfolio offerings and getting products to customers quickly has been an important piece of the company’s growth story and continues to be an important aspect of the company’s strategy.
Extensive Product Portfolio
Grainger offers a vast array of products, including but not limited to safety and security items, electrical and lighting equipment, power and hand tools, HVAC (heating, ventilation, and air conditioning) components, and much, much more. Grainger serves a wide customer base, ranging from individual contractors to large institutions and government entities. While it can be difficult to pinpoint exactly how vast the portfolio is, the entire product catalog contains well over one and a half million components.
Some other companies operating in the same sector are Fastenal, WESCO, and MSC Industrial.
The Distribution Network
The company operates an extensive distribution network, including large distribution centers and a network of branches. As previously mentioned, the company has a focus on being able to deliver its products directly to its customers in an efficient and timely manner, which in turn has led to the construction of a sophisticated logistics network. This network includes numerous distribution centers strategically located to optimize the delivery process. In addition to this, Grainger also has a significant online presence.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)