W.W. Grainger, Inc. (GWW) Key Metrics
GWW valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $62.68B
- Enterprise value
- $62.06B
- P/E (TTM)
- 33.9 10-yr median 23.4
- Forward P/E
- 24.8
- PEG ratio
- 1.73
- Price / sales
- 3.3 10-yr median 1.9
- Price / book
- 14.5 10-yr median 11.8
- EV / EBITDA
- 20.5 10-yr median 14.6
- Dividend yield
- 0.75% $9.96 a year
- Beta
- 1.01
GWW key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGWW valuation Price multiples at each fiscal year-end price.
GWW returns How much profit the business earns on the capital it uses.
GWW per-share figures Results divided by the shares outstanding at year-end.
GWW financial health Debt, liquidity and how easily interest is covered.
GWW efficiency & capital use Working capital cycle and where the cash goes.
GWW valuation history
GWW returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GWW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GWW cash returned to shareholders
GWW price vs earnings per share
GWW key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $48.43B | $51.65B | $41.52B | $28.42B | $27.05B | $21.93B | $18.58B | $15.96B | $13.70B | $14.13B |
| Enterprise value | $51.01B | $53.80B | $43.61B | $30.80B | $29.57B | $23.96B | $20.44B | $17.64B | $15.71B | $16.10B |
| P/E ratio | 28.4 | 27.1 | 22.7 | 18.4 | 25.9 | 31.6 | 21.9 | 20.4 | 23.4 | 23.3 |
| Price / sales | 2.7 | 3.0 | 2.5 | 1.9 | 2.1 | 1.9 | 1.6 | 1.4 | 1.3 | 1.4 |
| Price / book | 13.0 | 15.4 | 13.3 | 11.6 | 14.4 | 12.0 | 10.0 | 8.3 | 8.1 | 7.9 |
| Price / free cash flow | 36.4 | 32.9 | 26.2 | 26.4 | 39.7 | 23.7 | 22.6 | 19.5 | 16.7 | 19.7 |
| Price / operating cash flow | 24.0 | 24.5 | 20.4 | 21.3 | 28.9 | 19.5 | 17.8 | 15.1 | 13.0 | 14.1 |
| EV / sales | 2.8 | 3.1 | 2.6 | 2.0 | 2.3 | 2.0 | 1.8 | 1.6 | 1.5 | 1.6 |
| EV / EBITDA | 18.4 | 18.6 | 15.7 | 12.8 | 17.0 | 19.6 | 13.5 | 12.4 | 12.2 | 12.1 |
| EV / free cash flow | 38.3 | 34.3 | 27.5 | 28.6 | 43.4 | 25.9 | 24.9 | 21.6 | 19.2 | 22.4 |
| Earnings yield | 3.5% | 3.7% | 4.4% | 5.4% | 3.9% | 3.2% | 4.6% | 4.9% | 4.3% | 4.3% |
| Free cash flow yield | 2.7% | 3.0% | 3.8% | 3.8% | 2.5% | 4.2% | 4.4% | 5.1% | 6.0% | 5.1% |
| Dividend yield | 1.0% | 0.8% | 0.9% | 1.3% | 1.3% | 1.5% | 1.8% | 2.0% | 2.2% | 2.1% |
| Shareholder yield (dividends + buybacks) | 3.1% | 3.1% | 3.0% | 3.4% | 3.9% | 4.3% | 5.5% | 4.6% | 6.6% | 7.7% |
| Share price at fiscal year-end | $1,009.05 | $1,054.05 | $828.69 | $556.25 | $518.24 | $408.34 | $338.52 | $282.36 | $236.25 | $232.25 |
| Per share | ||||||||||
| Revenue per share | $373.79 | $350.37 | $328.90 | $298.00 | $249.46 | $219.68 | $209.22 | $198.48 | $179.79 | $166.62 |
| Earnings per share | $35.54 | $38.96 | $36.51 | $30.27 | $19.98 | $12.94 | $15.46 | $13.83 | $10.10 | $9.96 |
| Operating cash flow per share | $41.98 | $43.08 | $40.54 | $26.09 | $17.95 | $20.91 | $18.98 | $18.70 | $18.22 | $16.49 |
| Free cash flow per share | $27.73 | $32.04 | $31.66 | $21.08 | $13.07 | $17.24 | $14.95 | $14.47 | $14.13 | $11.81 |
| Cash per share | $12.19 | $21.14 | $13.17 | $6.36 | $4.62 | $10.89 | $6.56 | $9.52 | $5.64 | $4.51 |
| Book value per share | $77.83 | $68.53 | $62.18 | $47.75 | $35.90 | $34.04 | $33.79 | $33.98 | $29.15 | $29.55 |
| Tangible book value per share | $64.81 | $56.33 | $50.12 | $35.95 | $23.98 | $22.51 | $20.44 | $18.34 | $9.95 | $11.25 |
| Dividends per share | $9.73 | $8.59 | $7.82 | $7.24 | $6.84 | $6.29 | $5.97 | $5.59 | $5.24 | $4.98 |
| Capex per share | $14.25 | $11.04 | $8.88 | $5.01 | $4.89 | $3.67 | $4.03 | $4.23 | $4.09 | $4.67 |
| Debt per share | $65.90 | $64.96 | $54.93 | $52.94 | $52.91 | $48.72 | $40.35 | $39.27 | $40.40 | $36.93 |
| Shares outstanding | 48.0M | 49.0M | 50.1M | 51.1M | 52.2M | 53.7M | 54.9M | 56.5M | 58.0M | 60.8M |
| Change in shares outstanding | −2.0% | −2.2% | −2.0% | −2.1% | −2.8% | −2.2% | −2.9% | −2.5% | −4.7% | −7.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 48.1% | 59.0% | 65.9% | 71.7% | 56.3% | 37.7% | 45.0% | 43.3% | 33.6% | 29.2% |
| Return on invested capital (ROIC) | 33.9% | 37.9% | 38.9% | 36.1% | 28.1% | 21.5% | 25.5% | 24.1% | 18.7% | 17.7% |
| Return on assets (ROA) | 19.2% | 22.5% | 23.2% | 21.8% | 16.2% | 11.3% | 14.3% | 13.4% | 10.2% | 10.5% |
| Return on tangible assets | 20.5% | 23.2% | 24.2% | 22.1% | 17.5% | 12.2% | 16.1% | 15.7% | 12.5% | 13.2% |
| Free cash flow margin | 7.4% | 9.1% | 9.6% | 7.1% | 5.2% | 7.8% | 7.1% | 7.3% | 7.9% | 7.1% |
| Income quality (OCF / net income) | 1.18 | 1.11 | 1.11 | 0.86 | 0.90 | 1.62 | 1.23 | 1.35 | 1.80 | 1.66 |
| Financial health | ||||||||||
| Total debt | $3.16B | $3.18B | $2.75B | $2.71B | $2.76B | $2.62B | $2.21B | $2.22B | $2.34B | $2.25B |
| Cash & short-term investments | $585.0M | $1.04B | $660.0M | $325.0M | $241.0M | $585.0M | $360.0M | $538.0M | $326.9M | $274.1M |
| Net debt | $2.58B | $2.15B | $2.09B | $2.38B | $2.52B | $2.03B | $1.85B | $1.68B | $2.02B | $1.97B |
| Debt / equity | 0.85 | 0.95 | 0.88 | 1.11 | 1.47 | 1.43 | 1.19 | 1.16 | 1.39 | 1.25 |
| Debt / assets | 0.35 | 0.36 | 0.34 | 0.36 | 0.42 | 0.42 | 0.37 | 0.38 | 0.40 | 0.39 |
| Net debt / EBITDA | 0.93 | 0.74 | 0.75 | 0.99 | 1.45 | 1.66 | 1.22 | 1.18 | 1.56 | 1.48 |
| Current ratio | 2.83 | 2.49 | 2.88 | 2.48 | 2.62 | 2.72 | 2.12 | 2.37 | 2.13 | 1.85 |
| Quick ratio | 1.59 | 1.49 | 1.64 | 1.36 | 1.40 | 1.52 | 1.13 | 1.34 | 1.18 | 0.99 |
| Interest coverage | 33.2 | 34.2 | 27.6 | 23.8 | 17.8 | 11.0 | 16.0 | 13.2 | 11.8 | 14.7 |
| Working capital | $3.54B | $3.43B | $3.44B | $2.97B | $2.48B | $2.48B | $1.88B | $2.06B | $1.70B | $1.39B |
| Invested capital | $6.31B | $5.50B | $5.21B | $4.82B | $4.39B | $3.86B | $3.71B | $3.60B | $3.71B | $3.77B |
| Tangible asset value | $3.52B | $3.10B | $2.84B | $2.13B | $1.54B | $1.47B | $1.33B | $1.21B | $714.7M | $792.5M |
| Net current asset value | $663.0M | $611.0M | $568.0M | $124.0M | −$421.0M | −$283.0M | −$390.0M | −$223.0M | −$770.5M | −$768.3M |
| Graham number | $249.48 | $245.10 | $225.99 | $180.35 | $127.04 | $99.56 | $108.43 | $102.84 | $81.39 | $81.38 |
| Graham net-net per share | −$26.92 | −$25.78 | −$25.33 | −$35.26 | −$37.17 | −$30.63 | −$30.76 | −$25.34 | −$33.48 | −$31.13 |
| Capital allocation | ||||||||||
| Dividends paid | $467.0M | $421.0M | $392.0M | $370.0M | $357.0M | $338.0M | $328.0M | $316.0M | $304.0M | $303.0M |
| Share buybacks (net) | $1.04B | $1.20B | $850.0M | $603.0M | $695.0M | $601.0M | $700.0M | $425.0M | $605.0M | $790.0M |
| Dividend payout ratio | 27.4% | 22.1% | 21.4% | 23.9% | 34.2% | 48.6% | 38.6% | 40.4% | 51.9% | 50.0% |
| Dividends + buybacks / free cash flow | 113.6% | 103.3% | 78.3% | 90.3% | 154.3% | 101.4% | 125.2% | 90.6% | 111.0% | 152.1% |
| Capex / revenue | 3.8% | 3.2% | 2.7% | 1.7% | 2.0% | 1.7% | 1.9% | 2.1% | 2.3% | 2.8% |
| Capex / operating cash flow | 33.9% | 25.6% | 21.9% | 19.2% | 27.2% | 17.5% | 21.2% | 22.6% | 22.5% | 28.3% |
| Capex / depreciation | 2.69 | 2.28 | 2.08 | 1.18 | 1.38 | 1.08 | 0.97 | 0.93 | 0.90 | 1.14 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.4% | 0.3% | 0.4% |
| SG&A / revenue | 25.2% | 23.4% | 23.6% | 23.9% | 24.4% | 27.3% | 27.3% | 28.4% | 27.3% | 27.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 46.4 | 47.0 | 47.9 | 46.6 | 45.2 | 44.8 | 44.6 | 44.1 | 44.6 | 43.8 |
| Days of inventory on hand | 78.5 | 79.6 | 82.6 | 80.2 | 79.2 | 81.8 | 82.3 | 78.9 | 81.8 | 85.5 |
| Days payables outstanding | 32.0 | 33.2 | 36.6 | 36.3 | 35.1 | 36.2 | 36.0 | 37.4 | 39.8 | 37.4 |
| Cash conversion cycle (days) | 92.9 | 93.5 | 93.9 | 90.6 | 89.4 | 90.5 | 91.0 | 85.5 | 86.6 | 91.9 |
| Receivables turnover | 7.87 | 7.76 | 7.62 | 7.84 | 8.07 | 8.14 | 8.18 | 8.28 | 8.18 | 8.33 |
| Payables turnover | 11.42 | 11.00 | 9.98 | 10.07 | 10.41 | 10.09 | 10.15 | 9.76 | 9.16 | 9.76 |
| Inventory turnover | 4.65 | 4.58 | 4.42 | 4.55 | 4.61 | 4.46 | 4.44 | 4.63 | 4.46 | 4.27 |
| Asset turnover | 2.02 | 2.02 | 2.09 | 2.15 | 2.02 | 1.92 | 1.93 | 1.92 | 1.81 | 1.76 |
| Average receivables | $2.28B | $2.21B | $2.16B | $1.94B | $1.61B | $1.45B | $1.41B | $1.35B | $1.27B | $1.22B |
| Average payables | $957.5M | $953.0M | $1.00B | $931.5M | $797.5M | $749.0M | $698.5M | $704.5M | $690.5M | $616.8M |
| Average inventory | $2.35B | $2.29B | $2.26B | $2.06B | $1.80B | $1.69B | $1.60B | $1.49B | $1.42B | $1.41B |
| Intangibles / total assets | 7.0% | 6.8% | 7.4% | 7.9% | 9.4% | 9.8% | 12.2% | 15.1% | 19.2% | 19.6% |
Computed from GWW's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GWW valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Grainger traded at 28.4 times earnings, against a 10-year median of 23.4. Based on the latest twelve months, the trailing P/E is 33.9 and the forward P/E is 24.8. Grainger earned a return on equity of 48.1% and a return on invested capital of 33.9% in fiscal 2025. It ended the year with $3.2 billion of debt and $585.0 million in cash and short-term investments, net debt of $2.6 billion. It returned $1.5 billion to shareholders: $467.0 million in dividends and $1.0 billion in share buybacks, 114% of free cash flow. The share count fell 21.1% from 60.8M to 48.0M over 9 years.
See the GWW income statement, the GWW chart for price history, or the GWW stock overview for the latest quote and news.
GWW key metrics FAQ
What is Grainger's P/E ratio?
Grainger's trailing P/E ratio is 33.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.8. At the end of fiscal 2025 it was 28.4, compared with a 10-year median of 23.4.
What is Grainger's EV/EBITDA?
Grainger's enterprise value was 18.4 times EBITDA at the end of fiscal 2025 (enterprise value $51.0 billion, EBITDA $2.8 billion); the current EV/EBITDA is 20.5.
What is Grainger's return on equity?
Grainger's return on equity (ROE) was 48.1% in fiscal 2025: net income of $1.7 billion on average shareholders' equity of $3.5 billion.
What is Grainger's ROIC?
Grainger's return on invested capital was 33.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Grainger have?
Grainger had total debt of $3.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.85 and $2.6 billion of net debt (0.93 times EBITDA).
What is Grainger's dividend yield?
Grainger's forward dividend yield is 0.75%. Grainger paid $467.0 million in dividends in fiscal 2025 ($9.73 per share), a payout ratio of 27.4%.
Does Grainger buy back its shares?
Yes. Grainger spent $1.0 billion on net share repurchases in fiscal 2025 Shares outstanding changed −2.0% over the year, to 48.0M..
What is Grainger's free cash flow yield?
Grainger generated $1.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.7% on its market value at year-end ($48.4 billion).
What is Grainger's current ratio?
Grainger's current ratio was 2.83 at the end of fiscal 2025: current assets were 2.83 times current liabilities.