Supply chain and availabilitymixed · 5 filings
“The 2026 investing activities were in line with prior year and driven by continued investment in supply chain across the Company.”10-Q · Aug 4, 2026 ↗
W.W. Grainger, Inc.
GWW
Market read
W.W. Grainger, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
What changed
- Revenue increased 10.3% versus the comparable filing period.
Company-0.7% todayVolume comparison unavailable
Market group0 of 1 activeIndustrial Distribution · unavailable
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
Watch this read- GWW's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if GWW's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 10.3% versus the comparable filing period.
- Operating margin improved 1.2 percentage points.
- Net income increased 18.3% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- GWW's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements65
Verified relationships0
Evidence supporting the case
- Operating cash flow covered net income at 1.18x in the latest annual period.
Evidence challenging the case
- Operating margin changed -1.5 percentage points in the latest annual period.
- Net margin changed -1.6 percentage points in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
1,270.676m+14.4%12m+27.7%24m+35.7%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$13.0B+10.4%$19.84-2.8%
2022-12-31$15.2B+16.9%$30.06-2.1%
2023-12-31$16.5B+8.2%$36.23-2.0%
2024-12-31$17.2B+4.2%$38.71-2.2%
2025-12-31$17.9B+4.5%$35.40-2.0%
What management says matters
Persistent and emerging business drivers
Foreign exchangemixed · 4 filings
“There were 127 sales days in the six months ended June 30, 2026 and 2025.”10-Q · Aug 4, 2026 ↗
Capital investment and capacitymixed · 3 filings
“The increase was due to capital expenditures primarily driven by continued MonotaRO supply chain investments in the first three months of 2026.”10-Q · May 7, 2026 ↗
Macroeconomic conditionsmixed · 3 filings
“The decrease was driven by unfavorable changes in working capital primarily due to inventory inflation partially offset by timing of cash payments compared to the prior year period.”10-Q · Oct 31, 2025 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
1,270.67-0.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for GWW. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-04 against the comparable filing from 2025-08-01.
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed
Capital and cash conversion
Cash conversion improved
Capital-spending intensity declined while free-cash-flow margin improved.
- Capital spending YoY
- -6.3%
- Capital spending / revenue
- +2.9%
- Free-cash-flow margin
- +9.2%
- FCF margin change
- +1.1 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 10.3% versus the comparable filing period.
- Operating margin improved 1.2 percentage points.
- Net income increased 18.3% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The decrease in cash used in financing activities was primarily due to the repayment of the 1.85% Senior Notes in the amount of $500 million in 2025.”
“The increase was primarily due to favorable discount activity at Zoro and favorable product mix across the segment.”
“Recent Events Macroeconomic Conditions The global economy continues to experience elevated levels of volatility and uncertainty, including within the commodity, labor, and transportation markets, driven by a combination of geopolitical developments and macroeconomic factors that can influence demand, cost and execution risk.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind GWW
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
GWW is currently a Leader in the organic co-movement group Industrial Distribution. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for GWW; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.