W.W. Grainger, Inc. (GWW)
Industrials · Industrial Machinery & Supplies & Components · US stock · S&P 500 component
$1,360.08
▲ +8.21 (0.61%)
Fair valueFair
$1,151 −15.3% to fair value
$576fair band $980–$1,396$1,727
Day's range
$1,308.22 – $1,360.10
52-week range
$906.52 – $1,419.91
About W.W. Grainger, Inc.
W.W. Grainger distributes maintenance, repair and operating supplies, such as safety gear, tools, lighting, cleaning supplies and electrical items, to businesses and institutions. It sells through a high-touch model that supports large customers and through an online platform serving smaller ones. The company earns money from the margin between the prices it pays suppliers and what it charges customers, plus inventory management services.
Over the latest twelve months the company reported revenue of $18.8 billion, and annual revenue rose by 5.6% on average across three years. Profitability at the operating level stands at 14.6%, and return on invested capital came to 34%. The company carries net debt of 0.6 times its EBITDA. A dividend is paid, with a yield of 0.7%. It carries an X-Ray Score of 55 out of 100.
Price chart
52-wk range $906.52 – $1,419.91Volume 224,741Daily, split-adjusted
Vitals
Market cap$64.2B
52-week range$906.52 – $1,419.91
Volume (last day)224,741
P/E (TTM)34.6
EBIT / EV yield4.1%
Free-cash-flow yield2.4%
Dividend yield0.7%
Revenue (TTM)$18.8B
Net income (TTM)$1.9B
Operating margin14.6%
Return on capital34.0%
Debt incl. leases$2.4B
Cash & securities$589M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$1,151middle half of models $1,032 – $1,284
Fair
−15.3% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $1,360
Undervalued < $980Fair $980 – $1,396Overvalued > $1,396
P/E multiple
$1,303
P/B multiple
$1,205
P/S multiple
$1,243
EV/EBITDA multiple
$1,228
EV/EBIT multiple
$1,182
EV/revenue multiple
$1,292
10-year DCF, EBITDA exit
$1,245
5-year DCF, EBITDA exit
$1,319
10-year DCF, revenue exit
$1,258
5-year DCF, revenue exit
$1,332
10-year DCF, growth exit
$788
5-year DCF, growth exit
$769
Dividend discount, stable · not used
$479
Dividend discount, multi-stage
$982
Earnings power value
$974
Growth the price implies
17.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
22/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.1%
Free-cash-flow yield2.4%
Fair value vs price0.8×
Growth
Fair
51/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)5.6%
EPS growth (3y)5.6%
Growth consistency100%
Profitability
Strong
70/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital34.0%
Operating margin14.6%
Gross profitability77.2%
Financial health
Strong
82/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.6×
Interest coverNo interest cost
Dividends
Fair
51/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.7%
Dividends vs free cash flow30%
Dividend growth8.1%
Quarterly results: last 6 quarters
+1.7%
Mar '25
+5.6%
Jun '25
+6.1%
Sep '25
+4.5%
Dec '25
+10.1%
Mar '26
+10.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.0B, diluted EPS $12.01.
Compare with peers
SNA Snap-on Inc66 PNR PENTAIR plc62 XYL Xylem Inc.55 OTIS Otis Worldwide Corp55Other Industrial Machinery & Supplies & Components companies by X-Ray Score.
SWOT analysis: W.W. Grainger, Inc.
Strengthsinside the company
- Return on invested capital is 34.0%, against a median of 13.1% for industry peers.
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Trades at 34.3x earnings, 35% above the 25.4x median of industry peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare GWW with peers and sector
Medians of 13 Industrial Machinery & Supplies & Components peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): PH 50, ITW 46, IR 47, OTIS 55, DOV 49, XYL 55.
| Metric | GWW | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 55 | 49 | 50 |
| Valuation | 22 | 57 | 48 |
| Growth | 51 | 37 | 50 |
| Profitability | 70 | 48 | 50 |
| Financial health | 82 | 47 | 49 |
| Dividends | 51 | 55 | 53 |
Sector leaders: highest X-Ray Score in Industrials
GWW ranks #29 of 81 in Industrials and #5 of 14 in Industrial Machinery & Supplies & Components by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for GWW
Each factor is rated by where GWW stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 9 Average · 7 Bad of 23
Growth: 0 · 3 · 0
Profitability: 2 · 3 · 0
Financial strength: 4 · 0 · 0
Valuation: 0 · 1 · 4
Cash flow: 0 · 1 · 3
Efficiency: 1 · 1 · 0
| Factor | GWW | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +5.6% | Average beats 49% | +5.6% | – | – |
| Revenue growth, last year | +4.5% | Average beats 51% | +4.5% | +8.2% | ▼ Worse |
| EPS growth, 3 years a year | +5.6% | Average beats 49% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 39.4% | Average beats 58% | 38.0% | 39.1% | ≈ In line |
| Operating margin | 14.6% | Average beats 41% | 17.5% | 14.5% | ≈ In line |
| Net margin | 9.9% | Average beats 35% | 12.8% | 10.2% | ≈ In line |
| Return on invested capital | 34.0% | Good beats 88% | 14.9% | – | – |
| Return on equity | 45.3% | Good beats 88% | 23.7% | 56.8% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 0.6x | Good beats 90% | 1.8x | 0.7x | ≈ In line |
| Interest cover | 50.0x | Good beats 76% | 21.4x | 30.8x | ▲ Better |
| Current ratio | 2.81 | Good beats 92% | 1.25 | 2.63 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 34.3x | Bad beats 28% | 28.9x | 25.9x | ▼ Worse |
| Price / book | 15.5x | Bad beats 15% | 6.2x | 13.3x | ▼ Worse |
| Price / sales | 3.4x | Average beats 54% | 3.5x | 2.5x | ▼ Worse |
| EV / EBITDA | 21.6x | Bad beats 28% | 18.5x | 17.0x | ▼ Worse |
| Free cash flow yield | 2.4% | Bad beats 13% | 3.8% | 3.0% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 8.0% | Bad beats 21% | 13.8% | 7.4% | ≈ In line |
| Cash from operations / net income | 1.16 | Bad beats 21% | 1.39 | 1.11 | ≈ In line |
| Free cash flow growth, 3 years a year | +7.3% | Bad beats 26% | +14.5% | – | – |
| Accruals (lower is better) | −3.2% | Average beats 49% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.8x | Good beats 68% | 4.0x | 4.4x | ≈ In line |
| Days sales outstanding | 55 days | Average beats 56% | 57 days | 49 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 8 Good · ● 5 Average · ● 3 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $13.0B | $15.2B | $16.5B | $17.2B | $17.9B |
| Operating income | $1.5B | $2.2B | $2.6B | $2.6B | $2.5B |
| Net income | $1.0B | $1.5B | $1.8B | $1.9B | $1.7B |
| Operating cash flow | $937M | $1.3B | $2.0B | $2.1B | $2.0B |
| Operating margin | 11.9% | 14.5% | 15.6% | 15.4% | 13.9% |
| Free cash flow | $682M | $1.1B | $1.6B | $1.6B | $1.3B |
| Diluted EPS | $19.84 | $30.06 | $36.23 | $38.71 | $35.40 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 1,328.0 | Bullish |
| EMA 10 | 1,328.1 | Bullish |
| SMA 20 | 1,296.5 | Bullish |
| EMA 20 | 1,311.0 | Bullish |
| SMA 50 | 1,296.1 | Bullish |
| EMA 50 | 1,301.5 | Bullish |
| SMA 100 | 1,317.4 | Bullish |
| EMA 100 | 1,285.0 | Bullish |
| SMA 200 | 1,224.0 | Bullish |
| EMA 200 | 1,229.8 | Bullish |
Oscillators (daily)
| RSI (14) | 68.21 | Neutral |
| MACD (12, 26) | 16.95 | Bullish |
| Momentum (12) | 6.63 | Bullish |
| Stochastic %K (14) | 99.98 | Bearish |
| Williams %R (14) | -0.02 | Bearish |
| CCI (20) | 108.3 | Bearish |
Pivot points (classic, last session)
S3 1,273.6 | S2 1,290.9 | S1 1,325.5 | Pivot 1,342.8 | R1 1,377.4 | R2 1,394.7 | R3 1,429.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
9.50 USD
Yield on today's price
0.70%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2.4900 | |
| 2.4900 | |
| 2.2600 | |
| 2.2600 | |
| 2.2600 | |
| 2.2600 | |
| 2.0500 | |
| 2.0500 | |
| 2.0500 | |
| 2.0500 | |
| 1.8600 | |
| 1.8600 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold GWW
| ETF | Share of the fund |
|---|---|
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.56% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.54% |
| IWP iShares Russell Mid-Cap Growth | 1.39% |
| VOT Vanguard Mid-Cap Growth | 1.34% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.24% |
| XLI Industrial Select Sector SPDR | 1.03% |
| FIDU Fidelity MSCI Industrials Index | 0.86% |
| VIS Vanguard Industrials | 0.79% |
The eight funds with the largest weight in GWW among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
GWW stock splits
GWW has split its stock 2 times since 1991. The latest was a 2-for-1 split on 15 Jun 1998.
Full GWW stock split history →GWW SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Shareholder vote results
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.