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Grainger

GWW Q4 2025 Earnings

Reported Feb 3, 2026 at 8:09 AM ET · SEC Source

Q4 25 EPS

$9.44

MISS 0.21%

Est. $9.46

Q4 25 Revenue

$4.43B

BEAT +0.67%

Est. $4.40B

vs S&P Since Q4 25

-6.0%

TRAILING MARKET

GWW -1.0% vs S&P +5.0%

Full Year 2025 Results

FY 25 EPS

$35.40

MISS 10.39%

Est. $39.51

FY 25 Revenue

$17.94B

BEAT +0.16%

Est. $17.91B

Market Reaction

Did GWW Beat Earnings? Q4 2025 Results

W.W. Grainger delivered a mixed fourth quarter for fiscal 2025, posting solid top-line growth while falling just short on the bottom line amid a handful of unexpected cost pressures. Revenue climbed 4.5% year over year to $4.42 billion, edging past t… Read more W.W. Grainger delivered a mixed fourth quarter for fiscal 2025, posting solid top-line growth while falling just short on the bottom line amid a handful of unexpected cost pressures. Revenue climbed 4.5% year over year to $4.42 billion, edging past the $4.40 billion consensus estimate, but diluted EPS of $9.44 came in fractionally below the $9.46 forecast, a miss of just 0.21%, as an unfavorable effective tax rate of 22.8% compared to 20.1% in the year-ago period weighed on profitability. Operating margin contracted 70 basis points to 14.3%, hurt by elevated healthcare costs and softer growth in the High-Touch Solutions North America segment, though the Endless Assortment segment provided a meaningful offset with 14.3% reported sales growth. The company's strong cash generation capacity remained evident, with $2.02 billion in full-year operating cash flow. Looking ahead, Grainger guided 2026 adjusted EPS to $42.25 to $44.75, with revenue expected to reach $18.70 to $19.10 billion and operating margin expanding to 15.4% to 15.9%.

Key Takeaways

  • • Continued growth across most customer end markets in High-Touch Solutions - N.A.
  • • Strong performance at both MonotaRO and Zoro driving Endless Assortment segment growth
  • • Daily, organic constant currency sales growth of 4.6% in Q4 2025
  • • Fewer shares outstanding partially offsetting EPS headwinds

GWW Forward Guidance & Outlook

For 2026, Grainger guides net sales of $18.7–$19.1 billion (4.2%–6.7% reported growth; 6.5%–9.0% daily, organic constant currency growth), gross profit margin of 39.2%–39.5%, operating margin of 15.4%–15.9%, diluted EPS of $42.25–$44.75, operating cash flow of $2.125–$2.325 billion, capital expenditures of $0.55–$0.65 billion, share buybacks of $0.95–$1.05 billion, and an effective tax rate of ~25.0%. Segment operating margins are guided at 16.9%–17.4% for High-Touch Solutions - N.A. and 10.0%–10.5% for Endless Assortment. All guidance is on an adjusted basis.

24/7 Wall St

GWW YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

“In 2025, we executed well, delivering exceptional service and a best-in-class experience for our customers across both our High-Touch Solutions and Endless Assortment segments. Despite a challenging macro environment, we drove profitable share gain, made strong progress with our strategic initiatives, and operated with resiliency. I'm very proud of the Grainger team and believe we are poised to drive strong performance moving forward.”

— D.G. Macpherson, Q4 2025 Earnings Press Release

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