W.W. Grainger (GWW) Q4 FY2025 earnings: revenue $4.4 billion, up 4.5% on the year
W.W. Grainger, Inc. (GWW) reported revenue of $4.4 billion for Q4 FY2025, the quarter ended 31 December 2025, up 4.5% on the same quarter a year earlier. Net income was $451 million, down 5.1% on the year, and diluted earnings per share $9.44. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.
Revenue
$4.4 billion
+4.5% on the year · -5.0% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
14.3%
15.0% a year earlier
Q1 FY2024Q4 FY2025
Net income
$451 million
-5.1% on the year · +53.4% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$9.44
-2.8% on the year · +54.2% on the quarter
Q1 FY2024Q4 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 12 new.
Fourth-quarter sales rose 4.5%: Sales were $4.4 billion, up 4.5%, or 4.6% on a daily, organic constant currency basis. Operating earnings were $634 million, up 0.2%.
Fourth-quarter operating margin down 70bps: Operating margin was 14.3%, down 70 basis points. Management cited higher expense, including unforeseen healthcare costs, and slower High-Touch Solutions - N.A. sales growth.
Full-year EPS down on reported basis: Reported diluted EPS was $35.40, down 8.6%. Adjusted diluted EPS was $39.48, up 1.3%.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free 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
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
395
597
428
-33.8%
-7.7%
Capital expenditure
126
258
258
-51.2%
-51.2%
Free cash flow
269
339
170
-20.6%
+58.2%
Free cash flow margin
6.1%
7.3%
4.0%
Cash from investing
-102
-260
-258
Cash from financing
-226
-398
-565
Depreciation and amortisation
83.0
84.0
82.0
-1.2%
+1.2%
Share-based compensation
15.0
14.0
14.0
+7.1%
+7.1%
Buybacks
247
291
462
-15.1%
-46.5%
Dividends paid
109
133
100
-18.0%
+9.0%
Dividend per share
n/a
$2.26
n/a
Diluted shares, weighted
48m
48m
49m
-0.6%
-2.3%
Shares outstanding at period end
47m
48m
48m
-0.4%
-1.7%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
3,736
3,561
3,358
+4.9%
+11.3%
Non-controlling interest
405
400
345
+1.2%
+17.4%
Debt
2,488
2,369
2,778
+5.0%
-10.4%
Operating lease liabilities
301
275
327
+9.5%
-8.0%
Other liabilities
2,032
2,243
2,021
-9.4%
+0.5%
Total liabilities and equity
8,962
8,848
8,829
+1.3%
+1.5%
Fixed assets
2,268
2,237
1,927
+1.4%
+17.7%
Goodwill
360
361
355
-0.3%
+1.4%
Intangible assets
265
264
243
+0.4%
+9.1%
Cash and equivalents
585
535
1,036
+9.3%
-43.5%
Receivables
2,329
2,408
2,232
-3.3%
+4.3%
Inventory
2,394
2,275
2,306
+5.2%
+3.8%
Other assets
761
768
730
-0.9%
+4.2%
Total assets
8,962
8,848
8,829
+1.3%
+1.5%
Questions
What was W.W. Grainger's revenue in Q4 FY2025?
W.W. Grainger (GWW) reported revenue of $4.4 billion for Q4 FY2025, the quarter ended 31 December 2025, up 4.5% on the same quarter a year earlier.
How much did W.W. Grainger earn in Q4 FY2025?
Net income for Q4 FY2025 was $451 million, down 5.1% on the year, and diluted earnings per share $9.44.
When did W.W. Grainger report Q4 FY2025 results?
W.W. Grainger filed its 10-K for the year that ended with the quarter on 19 February 2026; the fourth quarter is the year less the first three.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-K for the period ended 31 December 2025, filed 19 February 2026: the filing.