GWWNYSEWholesale-Durable GoodsUS GAAP · USD

W.W. Grainger, Inc

W.W. Grainger, Inc. is a U.S.-based distributor of maintenance, repair and operating (MRO) products and related services. The company serves customers through a high-touch North American distribution network and an online endless-assortment platform, with operations centered in North America and Japan.

Revenue17.9bn USD
+4.5 %y/y
Operating profit (EBIT)2,495m USD
−5.4 %y/y
EBIT margin13.9%
−1.5 ppy/y
Net income1,706m USD
−10.6 %y/y
Free cash flow1,331m USD
−15.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

05101520bn USD2020: 11.8 bn USD2020: EBIT 1.0 bn USD20202021: 13.0 bn USD2021: EBIT 1.5 bn USD20212022: 15.2 bn USD2022: EBIT 2.2 bn USD20222023: 16.5 bn USD2023: EBIT 2.6 bn USD20232024: 17.2 bn USD2024: EBIT 2.6 bn USD20242025: 17.9 bn USD2025: EBIT 2.5 bn USD202517.92.5
RevenueOperating profit (EBIT)

Business

Share of revenue
High-Touch Solutions North America70 %

Value-added MRO products and services for complex buying needs, supported by branches, DCs and sales teams.

Endless Assortment28 %

Online one-stop shopping for millions of products through Zoro and MonotaRO.

Inventory Management Services2 %

KeepStock and related onsite inventory solutions that help customers manage replenishment and availability.

Customers

Grainger sells to a broad base of more than 4.6 million customers, including small businesses, large enterprises, government entities and other institutions. Buyers use Grainger to source products that keep facilities, plants and operations running safely and efficiently, especially where procurement complexity, uptime and product availability matter.

Mid-size and large enterprise customers

Buy MRO products, procurement support and inventory services for complex purchasing environments and recurring replenishment needs.

Small and medium businesses

Buy standard MRO items and online assortment for convenience, availability and fast fulfillment.

Government and institutions

Buy maintenance and operating supplies for facilities, campuses and public operations.

Online marketplace customers

Use Zoro and MonotaRO for broad catalog access, price transparency and self-service ordering.

Strategy

Grainger’s strategy centers on combining a high-touch service model for complex MRO customers with a broad online assortment model for self-service buyers. The company also emphasizes supply-chain scale, inventory availability, and technology-enabled fulfillment to improve customer retention and procurement efficiency.

Strengthen high-touch MRO relationshipsMedium term

Complex customers value product expertise, procurement integration and reliable supply.

Scale endless-assortment eCommerceMedium term

Online channels broaden reach and serve customers seeking transparent, self-service purchasing.

Invest in supply chain and technologyShort term

Fulfillment speed, stock availability and digital tools are central to the MRO value proposition.

Geography

Q1/2026

Grainger’s business is concentrated in North America, with the U.S. representing about 81% of consolidated net sales in 2025. The company also operates in Canada, Mexico, Puerto Rico, Japan and, historically, the U.K.; its endless-assortment model is especially important in the U.S. and Japan.

United States82 %
Japan12 %
Canada4.1 %
Other countries (US filing)1.6 %

Share of the revenue the company reports by geography.

Risks

Grainger is exposed to demand swings in industrial and commercial activity, as well as to supply-chain, tariff and transportation disruptions that can affect product availability and costs. Its heavy reliance on eCommerce, third-party logistics and data systems also creates cybersecurity, privacy and platform-dependence risks, while its multinational footprint adds regulatory and tax complexity.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cybersecurity and data privacy incidents1Tariffs, trade issues and supply-chain disruption2Regulatory and legal compliance3Digital channel traffic dependence4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cybersecurity and data privacy incidentsImpact: HighLikelihood: Medium

    Grainger relies on digital channels, customer data and third-party systems; a breach could disrupt operations and damage trust.

    ExposureECommerceCustomerSupplier systems
  2. Tariffs, trade issues and supply-chain disruptionImpact: HighLikelihood: Medium

    The company sources from a large supplier base and depends on global logistics for inventory availability and pricing.

    Exposure: Sourcing and transportation

  3. Regulatory and legal complianceImpact: MediumLikelihood: Medium

    Operations across multiple countries require compliance with local laws, standards and tax regimes.

    ExposureUnited StatesCanadaMexicoJapan
  4. Digital channel traffic dependenceImpact: MediumLikelihood: Medium

    Search rankings, email deliverability and online advertising effectiveness influence traffic and conversion.

    Exposure: Zoro and other eCommerce channels

Accounting

Judgemental items
Inventory valuation and inflation

Grainger holds more than 1.5 million stocked products, so inventory levels and cost changes can materially affect working capital and gross profit.

Impact: Cost of goods sold and working capital

Operating leases

Branches, warehouses, DCs and offices are leased, creating fixed obligations and right-of-use asset/liability balances.

Impact: Balance sheet and lease expense

Consolidation of MonotaRO and noncontrolling interest

Grainger owns a controlling interest in MonotaRO, so minority interests reduce earnings attributable to Grainger shareholders.

Impact: Net earnings attributable to Grainger

Tax and legal contingencies

Multi-country operations require estimates for tax provisions, litigation and regulatory matters.

Impact: Income tax expense and reserves

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

W.W. Grainger, Inc (GWW) Revenue, Earnings & Financials 2025 – Clarifo