GWW
W.W. Grainger, Inc.
GWW's fundamentals are strong, but it looks expensive: trading at 33x earnings, above its usual 26x. Analysts expect earnings growth.
GWW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
GWW's revenue, profitability, cash flow and balance sheet are all currently healthy.
GWW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $951 | -37% |
| Fair | 26x | $1,200 | -20% |
| Forward | 29x | $1,503 | — |
| Expensive | 32x | $1,460 | -2.8% |
| Current | 33x | $1,503 | — |
Historical ranges are pointers, not guarantees.
GWW's PE is in its expensive range at 33x. If earnings grow as analysts expect, today's price would be 29x next year's earnings.
GWW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GWW, with profitability improving.
GWW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $51.10 | +12% |
| Q3 2026 | $45.53 | +28% |
| Q2 2026 | $39.23 | -0.5% |
| Q1 2026 | $37.19 | -4.5% |
| Q4 2025 | $35.40 | -8.6% |
| Q3 2025 | $35.66 | -3.4% |
| Q2 2025 | $39.41 | +8.1% |
| Q1 2025 | $38.95 | +7.5% |
| Q4 2024 | $38.71 | +6.8% |
GWW earned $45.53 per share over the past year, up 28% from the year before.
GWW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.2B | +11% |
| Q2 2026 | $5B | +10% |
| Q1 2026 | $4.7B | +10% |
| Q4 2025 | $4.4B | +4.5% |
| Q3 2025 | $4.7B | +6.1% |
| Q2 2025 | $4.6B | +5.6% |
| Q1 2025 | $4.3B | +1.7% |
| Q4 2024 | $4.2B | +5.9% |
GWW's revenue has grown year over year every quarter since late 2020: $5.2B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +5 points |
| Q2 2026 | 16% | +1.2 points |
| Q1 2026 | 17% | +1.1 points |
| Q4 2025 | 14% | -0.6 points |
| Q3 2025 | 11% | -4.7 points |
| Q2 2025 | 15% | -0.2 points |
| Q1 2025 | 16% | -0.2 points |
| Q4 2024 | 15% | +1 points |
GWW's operating margin was 16% last quarter, up 5 points from the same quarter a year ago.
GWW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $546M | +61% |
| Q2 2026 | $333M | +65% |
| Q1 2026 | $569M | +9.2% |
| Q4 2025 | $269M | +58% |
| Q3 2025 | $339M | -35% |
| Q2 2025 | $202M | -40% |
| Q1 2025 | $521M | -3.9% |
| Q4 2024 | $170M | -64% |
GWW's free cash flow has been positive every quarter for seven years: $1.7B over the past year, up 39% from the year before.
GWW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -100K shares |
| 1 year | -1.7% | -800K shares |
| 3 years | -6% | -3M shares |
| 5 years | -9.6% | -5M shares |
| Available history | -14% | -7.8M shares |
GWW has 47M diluted shares, down 1.7% from a year ago, with $986M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $278M |
| Q2 2026 | $224M |
| Q1 2026 | $237M |
| Q4 2025 | $247M |
| Q3 2025 | $291M |
| Q2 2025 | $226M |
| Q1 2025 | $281M |
| Q4 2024 | $462M |
GWW spent $986M buying back its own shares over the past year, down 22% from the year before.
GWW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.7x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.6x | Very low |
GWW's net debt is less than a year of its operating earnings (EBITDA).
GWW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.0 | Overbought |
| Stochastic | 77.5 | Neutral |
GWW's weekly RSI is 73 (overbought) and its Stochastic is 78 (neutral).
GWW PE vs Industrials Sector
| Metric | GWW | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 24x | 37% above |
| PE % | 89 | 58 | 31 pts above |
GWW is trading at 33x earnings, a 37% premium to the Industrials sector's median of 24x.
GWW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,349.5 | 11% above |
| 20 week MA | $1,338.2 | 12% above |
| 50 week MA | $1,220.2 | 23% above |
| 100 week MA | $1,117.5 | 34% above |
| 200 week MA | $985.1 | 53% above |
GWW is in an uptrend: it's above all five of its weekly moving averages, and 53% above its 200-week average.
GWW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $337.5 | $415.6 | +23% |
| 2021 | $415.6 | $503.0 | +21% |
| 2022 | $503.0 | $565.1 | +12% |
| 2023 | $565.1 | $828.7 | +47% |
| 2024 | $828.7 | $1,069.0 | +29% |
| 2025 | $1,069.0 | $1,024.3 | -4.2% |
| 2026 YTD | $1,024.3 | $1,502.6 | +47% |
GWW has finished higher in five of the last six years. It's up 47% so far in 2026.