W.W. Grainger (GWW) FY2024 results: revenue $17.2 billion, up 4.2% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $17.2 billion for fiscal 2024, the year ended 31 December 2024, up 4.2% on the year before. Net income was $1.9 billion, up 4.4%, and diluted earnings per share $38.71. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$17.2 billion
+4.2% on the year
FY2017FY2024
Operating margin
15.4%
15.6% a year earlier
FY2017FY2024
Net income
$1.9 billion
+4.4% on the year
FY2017FY2024
Diluted EPS
$38.71
+6.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,111
2,031
1,333
+3.9%
Capital expenditure
541
445
256
+21.6%
Free cash flow
1,570
1,586
1,077
-1.0%
Free cash flow margin
9.1%
9.6%
7.1%
Cash from investing
-520
-422
-263
Cash from financing
-1,180
-1,278
-972
Depreciation and amortisation
311
277
206
+12.3%
Share-based compensation
62.0
62.0
48.0
0.0%
Buybacks
1,201
850
603
+41.3%
Dividends paid
421
392
370
+7.4%
Dividend per share
$8.01
$7.30
$6.78
+9.7%
Diluted shares, weighted
49m
50m
51m
-2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,358
3,115
2,440
+7.8%
Non-controlling interest
345
326
295
+5.8%
Debt
2,778
2,300
2,319
+20.8%
Operating lease liabilities
327
381
318
-14.2%
Other liabilities
2,021
2,025
2,216
-0.2%
Total liabilities and equity
8,829
8,147
7,588
+8.4%
Fixed assets
1,927
1,658
1,461
+16.2%
Goodwill
355
370
371
-4.1%
Intangible assets
243
234
232
+3.8%
Cash and equivalents
1,036
660
325
+57.0%
Receivables
2,232
2,192
2,133
+1.8%
Inventory
2,306
2,266
2,253
+1.8%
Other assets
730
767
813
-4.8%
Total assets
8,829
8,147
7,588
+8.4%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.