Industrials · Industrial Machinery & Supplies & Components · US stock · price as of 22 Oct 2026
Key indicators
Price
$1,360.08
52-week range
$906.52 – $1,419.91
Market cap
$64.2B
P/E (trailing)
34.6×
EV / EBITDA
21.5×
Free-cash-flow yield
2.4%
Dividend yield
0.7%
Revenue (last 12 months)
$18.8B
Revenue growth (3y a year)
5.6%
Operating margin
14.6%
Return on invested capital
34.0%
Net debt / EBITDA
0.6×
Fair value
Fair value (average of valid models)$1,151.43 middle half of models $1,032 – $1,284
Versus priceFair−15% to fair value
P/E multiple
$1,302.81
P/B multiple
$1,205.25
P/S multiple
$1,242.58
EV/EBITDA multiple
$1,228.02
EV/EBIT multiple
$1,181.57
EV/revenue multiple
$1,292.37
10-year DCF, EBITDA exit
$1,245.15
5-year DCF, EBITDA exit
$1,319.10
10-year DCF, revenue exit
$1,257.78
5-year DCF, revenue exit
$1,332.00
10-year DCF, growth exit
$788.41
5-year DCF, growth exit
$769.27
Dividend discount, multi-stage
$981.56
Earnings power value
$974.21
Model uncertainty
Medium
X-Ray Score
55/ 100 · High confidence · ahead of 64% of sector peers
Valuation22
Growth51
Profitability70
Financial health82
Dividends51
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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%.
StocksXray gives W.W. Grainger, Inc. an X-Ray Score of 55 out of 100 (high confidence), ahead of 64% of the S&P 500 stocks in its sector. Its strongest lens is financial health (82) and its weakest is valuation (22).
Our fair value (the average of the valid models) is $1,151.43 (range $1,031.56 to $1,283.72). At $1,360.08 the stock trades 18% above that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
W.W. Grainger, Inc. (GWW)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$494.86
$538.14
$810.09
$1,038.59
$1,003.15
$1,360.08
Market cap
$25.8B
$27.5B
$40.6B
$50.9B
$48.2B
$64.2B
P/E
24.9×
17.9×
22.4×
26.8×
28.3×
34.6×
EV / revenue
2.2×
2.0×
2.6×
3.1×
2.8×
3.5×
EV / EBITDA
16.4×
12.3×
15.0×
18.0×
17.9×
21.6×
Price / free cash flow
37.9×
25.5×
25.6×
32.4×
36.2×
42.5×
Free-cash-flow yield
2.6%
3.9%
3.9%
3.1%
2.8%
2.4%
Price / book
13.8×
11.3×
13.0×
15.2×
12.9×
15.5×
Dividend yield
1.29%
1.26%
0.90%
0.77%
0.88%
0.70%
Fundamentals checklist ● 8 Good · ● 5 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.2%Average
Free-cash-flow yield2.4%Bad
Risk models
Altman Z score10.7×Good
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)5.6%Average
Free-cash-flow growth (3y)7.3%Bad
Revenue growth (3y)5.6%Average
Growth consistency100%Good
Balance sheet
Current ratio2.8×Good
Net debt / EBITDA0.6×Good
Interest coverno interest costGood
Valuation
Fair value vs price0.8×Bad
EBIT / EV yield4.1%Average
Profitability
Return on invested capital34.0%Good
Operating margin14.6%Average
Gross profitability77.2%Good
XStocksXray
W.W. Grainger, Inc. (GWW)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
13,022
15,228
16,478
17,168
17,942
18,845
Gross profit
4,720
5,849
6,496
6,758
7,009
7,424
Operating income
1,547
2,215
2,565
2,637
2,495
2,745
Net income
1,043
1,547
1,829
1,909
1,706
1,870
Diluted EPS ($)
19.84
30.06
36.23
38.71
35.40
39.27
Free cash flow
682
1,077
1,586
1,570
1,331
1,510
Gross margin
36.2%
38.4%
39.4%
39.4%
39.1%
39.4%
Operating margin
11.9%
14.5%
15.6%
15.4%
13.9%
14.6%
Net margin
8.0%
10.2%
11.1%
11.1%
9.5%
9.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
6,592
7,588
8,147
8,829
8,962
9,618
Cash
241
325
660
1,036
585
589
Total debt
2,362
2,319
2,300
2,778
2,488
2,408
Equity
1,874
2,440
3,115
3,358
3,736
4,131
Dividend per share ($)
6.39
6.78
7.30
8.01
8.83
–
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
4,306
4,554
4,657
4,425
4,742
5,021
Growth vs a year earlier
+1.7%
+5.6%
+6.1%
+4.5%
+10.1%
+10.3%
Net income ($M)
479
482
294
451
555
570
Diluted EPS ($)
9.86
9.97
6.12
–
11.65
12.01
XStocksXray
W.W. Grainger, Inc. (GWW)
Peers in Industrial Machinery & Supplies & Components
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
