Global Industrial (GIC) Gross Margin (2010 - 2026)
Global Industrial's (GIC) quarterly Gross Margin came in at 34.79% in Q1 2026, down 13.0% YoY from 39.99% in Q1 2025, and up 0.95% on a QoQ basis from 34.46% in Q4 2025.
Global Industrial (GIC) Gross Margin (2010 - 2026) Analysis & Trends
Global Industrial (GIC) has 17 years of Gross Margin data on file, last reported at 34.79% in Q1 2026.
- Quarterly Gross Margin fell 13.0% year-over-year to 34.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 35.5% (up 100.0% YoY) and the FY2025 annual result came in at 35.54%, up 120.0% from the prior year.
- Gross Margin improved to 34.79% in Q1 2026, from 34.46% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 37.35% in Q1 2022 to a low of 32.8% in Q3 2023.
- A 5-year average of 35.05% and a median of 34.92% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 657 bps — and 2023, when it sank 291 bps.
- Tracing GIC's Gross Margin over 5 years: stood at 36.01% in 2022, then decreased by 6 bps to 33.8% in 2023, then climbed by 0 bps to 33.84% in 2024, then climbed by 2 bps to 34.46% in 2025, then climbed by 1 bps to 34.79% in 2026.
- The last three Gross Margin figures came in at 34.79% (Q1 2026), 34.46% (Q4 2025), and 35.63% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 31.02% |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 21.85% |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 30.43% |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 27.50% |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 27.23% |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 29.66% |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 41.11% |
| 10 | Global Industrial | 1.49 Bn | 1.40 Bn | 155.40 Mn | 40.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.20% |
| Mar 31, 2026 | 34.79% |
| Dec 31, 2025 | 34.46% |
| Sep 30, 2025 | 35.63% |
| Jun 30, 2025 | 37.06% |
| Mar 31, 2025 | 34.92% |
| Dec 31, 2024 | 33.84% |
| Sep 30, 2024 | 33.97% |
| Jun 30, 2024 | 35.22% |
| Mar 31, 2024 | 34.29% |
| Dec 31, 2023 | 33.80% |
| Sep 30, 2023 | 32.80% |
| Jun 30, 2023 | 34.65% |
| Mar 31, 2023 | 35.94% |
| Dec 31, 2022 | 36.01% |
| Sep 30, 2022 | 35.71% |
| Jun 30, 2022 | 35.48% |
| Mar 31, 2022 | 37.35% |
| Dec 31, 2021 | 37.02% |
| Sep 30, 2021 | 36.77% |