GWW
W.W. GRAINGER, INC.
Other • CIK: 0000277135
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Market Cap
$45.89B
P/E (TTM)
26.7x
Rev Growth (TTM)
+4.8%
Net Margin (TTM)
9.7%
FCF Yield (TTM)
2.7%
FCF Margin (TTM)
6.9%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$1.2B
Q3 '25
$339M+68%
Q2 '25
$202M-61%
FCF Margin
TTM6.9%
Q3 '257.3%+64%
Sector: 4.1%Above Avg
OCF Margin11.5%
OCF/NI1.18x
CapEx Coverage2.5x
FCF Yield2.7%
FCF Growth (2Y)+10%
Cash Conversion Cycle
126 days
DSO: 49+DIO: 78−DPO: 0
Capital Allocation & Returns
Balanced
Total Shareholder YieldTTM
TTM3.7%
Div Yield1.0%
+Buyback (TTM)2.7%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)1.0%
FCF Payout Ratio37.2%
Free Cash Flow (TTM)$1.2B
Stock Repurchases (TTM)$1.3B
Capital Return / FCF139.4%
Est. Dividends Paid (TTM)$458.0M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
28.7%
Stable
-0.1% YoY-6.1%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
10.5%
8Q: 11.7%
Asset Turnover
2.01x
8Q: 2.03x
Leverage (1+D/E)
1.67x
D/E: 0.67x
DuPont: 35.2% ≈ 28.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
8.88x
8Q:9.60x
-181.8%
Invested Cap Turn
2.72x
8Q:2.77x
-4.5%
CapEx Intensity
12.5%
8Q:8.2%
CapEx/Depreciation
2.48x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $17.8B | $4.7B↑2.3% | $4.6B↑5.8% | $4.3B↑1.7% | $4.2B↓3.5% | $4.4B↑1.8% | $4.3B↑1.8% | $4.2B↑6.0% | $4.0B |
Operating Income | $2.5B | $511.0M↓24.6% | $678.0M↑0.9% | $672.0M↑6.2% | $633.0M↓7.7% | $686.0M↑5.7% | $649.0M↓3.0% | $669.0M↑20.1% | $557.0M |
Net Income | $1.7B | $294.0M↓39.0% | $482.0M↑0.6% | $479.0M↑0.8% | $475.0M↓2.3% | $486.0M↑3.4% | $470.0M↓1.7% | $478.0M↑21.0% | $395.0M |
Operating Cash Flow | $2.0B | $597.0M↑58.4% | $377.0M↓41.6% | $646.0M↑50.9% | $428.0M↓30.0% | $611.0M↑48.7% | $411.0M↓37.8% | $661.0M↑9.4% | $604.0M |
Free Cash Flow | $1.2B | $339.0M↑67.8% | $202.0M↓61.2% | $521.0M↑206.5% | $170.0M↓67.5% | $523.0M↑56.1% | $335.0M↓38.2% | $542.0M↑13.6% | $477.0M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
26.7x
Volatile
8Q: 104.6x+3089%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
26.7x
vs – sector
Cash Flow
79.0x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
0.9P/E per %ROIC
ROIC: 28.7%
Shareholder Returns
Dividend
1.0%
Buyback
2.7%
Total Yield
3.7%
Market Cap$45.89B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
93/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
49.3%
8Q:–
Return on Invested Capital (ROIC)Top 25%
28.7%
8Q:–
-6.1%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 10.5%
Asset Turnover: 2.01x
Earnings Quality
Cash Conversion
1.18x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin39.1%
Capital Efficiency
Invested Capital Turnover2.72x
Working Capital
Cash Conversion Cycle126 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
60/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
4.8%
OpInc Growth YoY
-25.5%
EPS Growth YoY
-3.4%
FCF 3Y CAGR
10.2%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
39.1%
Operating
14.1%
Above Avg in sector
Net
9.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-2.8 pts
FCF: 6.9% | Net: 9.7%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $1.83B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.67x
Balance sheet risk & solvency analysis