W.W. Grainger
Distributes MRO supplies through high-touch service and the Zoro and MonotaRO online platforms.
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Profile
Distributes maintenance, repair and operating products to businesses and institutions through high-touch North American sales and service and the Zoro and MonotaRO online platforms. Most revenue comes from product sales to complex customers served by the Grainger brand, with digital endless-assortment businesses extending reach in the United States and Japan.
Distributes maintenance, repair and operating products such as safety gear, material-handling equipment, plumbing supplies, cleaning products, metalworking tools and hand tools to businesses and institutions. High-Touch Solutions N.A. serves complex customers across the United States, Canada, Mexico and Puerto Rico through the Grainger brand, while Endless Assortment runs the online-first Zoro and MonotaRO platforms in the United States and Japan.
Combines broad in-stock availability with distribution centers, branches, technical support and inventory-management services; its network supports direct shipment, next-day delivery and same-day branch pickup. Zoro and MonotaRO extend selection through large digital catalogs and third-party fulfillment.
Revenue comes primarily from product sales. Demand follows customers’ production activity and capital spending, while service depends on supplier availability, logistics infrastructure and reliable digital ordering systems.
Company facts
Key statistics
Year to date +30.1% · Average volume (30d) 255.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Reiterate | Equal Weight | $1,300 | $1,400 | |
| Aug 11, 2026 | Barclays | Reiterate | Underweight | $1,166 | $1,185 | |
| Aug 6, 2026 | DA Davidson | Reiterate | Neutral | $1,250 | $1,260 | |
| Aug 5, 2026 | RBC Capital | Reiterate | Sector Perform | $1,460 | $1,428 | |
| Aug 5, 2026 | Oppenheimer | Reiterate | Outperform | $1,300 | $1,375 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $11.30 | $12.01 | +6.3% | $4.96B | $5.02B | +1.3% | −5.16% |
| May 7, 2026Q1 FY26 | $10.21 | $11.65 | +14.1% | $4.58B | $4.74B | +3.6% | −0.03% |
| Feb 3, 2026Q4 FY25 | $9.46 | $9.44 | −0.2% | $4.40B | $4.43B | +0.6% | +3.46% |
| Oct 31, 2025Q3 FY25 | $9.98 | $10.21 | +2.3% | $4.64B | $4.66B | +0.3% | −1.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.31B | $4.55B | $4.66B | $4.43B | $4.74B | $5.02B | |
| Gross profit | $1.71B | $1.76B | $1.80B | $1.75B | $1.90B | $1.98B | |
| Operating income | $672.0M | $678.0M | $511.0M | $634.0M | $793.0M | $807.0M | |
| Net income | $479.0M | $482.0M | $294.0M | $451.0M | $555.0M | $570.0M | |
| Diluted EPS | $9.86 | $10.02 | $6.09 | $9.44 | $11.65 | $12.01 | |
| Gross margin | 39.7% | 38.5% | 38.6% | 39.5% | 40.0% | 39.5% | |
| Operating margin | 15.6% | 14.9% | 11.0% | 14.3% | 16.7% | 16.1% |
Fiscal years (4-quarter sums)FY21 $13.02B · FY22 $15.23B · FY23 $16.48B · FY24 $17.17B · FY25 $17.94B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $589.0M · Total debt $2.80B · Total assets $9.62B · Shareholders' equity $4.13B
Dividends
Raised for 40 straight years — most recently to $2.49 from $2.26 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Sep 1 | $2.49 | |
| May 11, 2026 | May 11 | Jun 1 | $2.49 | raised from $2.26 |
| Feb 9, 2026 | Feb 9 | Mar 1 | $2.26 | |
| Nov 10, 2025 | Nov 10 | Dec 1 | $2.26 | |
| Aug 11, 2025 | Aug 11 | Sep 1 | $2.26 | |
| May 12, 2025 | May 12 | Jun 1 | $2.26 | raised from $2.05 |
| Feb 10, 2025 | Feb 10 | Mar 1 | $2.05 | |
| Nov 8, 2024 | Nov 11 | Dec 1 | $2.05 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 47.21M · Float 43.12M · 91.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.63M | 9.81% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.88M | 6.10% | 13F | Aug 13, 2026 |
| Susan Slavik Williams | 2.79M | 5.70% | 13G | Jan 29, 2025 |
| Vanguard Portfolio Management LLC | 2.31M | 4.89% | 13F | Aug 13, 2026 |
| State Street Corp | 2.01M | 4.26% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Paige K. Robbins | officer: Sr. VP | −1,457 | $1,232.29 |
| May 12, 2026 | Jonny M. LeRoy | officer: SVP, Chief Technology Officer | −854 | $1,231.06 |
| May 12, 2026 | Laurie R. Thomson | officer: VP, Controller | −313 | $1,231.69 |
| Apr 2, 2026 | Deidra C. Merriwether | officer: Sr. VP & CFO | −1,488 | $1,114.28 |
| Mar 24, 2026 | Deidra C. Merriwether | officer: Sr. VP & CFO | −2,339 | $1,064.73 |
Peers
- Fastenal
North America's second-largest MRO distributor built on fasteners, vending, and onsite teams.
- Amazon
E-commerce giant whose Amazon Business platform directly threatens Grainger's Endless Assortment model.
- MSC Industrial Direct
High-touch industrial MRO distributor specializing in metalworking and broadline supply.
- WESCO International
Large-scale electrical and industrial distributor with a growing $3B+ MROP segment contesting Grainger's electrical MRO categories.
- Applied Industrial Technologies
Specialized MRO distributor focused on bearings, power transmission, and fluid power for industrial customers.
- Global Industrial
Online-first broadline MRO distributor targeting SMBs — the closest analog to Grainger's Zoro Endless Assortment.
- DXP Enterprises
Specialized MROP and pumping solutions distributor serving energy, petrochemical, and industrial plant customers.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| W.W. Grainger | $1,306.30 | +0.02% | $61.67B | 33.3 | 26.9 | 3.3 | +10.3% |
| Fastenal | $50.06 | +0.56% | $57.12B | 42.2 | 37.3 | 6.5 | +14.7% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| MSC Industrial Direct | $119.20 | 0.00% | $6.66B | 28.8 | 22.7 | 1.7 | +7.8% |
| WESCO International | $336.42 | 0.00% | $16.39B | 23.2 | 18.5 | 0.7 | +13.0% |
| Applied Industrial Technologies | $329.11 | +2.18% | $11.91B | 29.4 | 26.9 | 2.4 | +10.5% |
| Global Industrial | $39.60 | −0.04% | $1.52B | 17.8 | 19.4 | 1.1 | +7.7% |
| DXP Enterprises | $185.92 | −0.02% | $2.88B | 32.8 | 25.9 | 1.3 | +15.6% |
| Median | 28.8 | 25.9 | 1.7 | +13.0% |