W.W. Grainger (GWW) Gross Margin (2009 - 2026)
W.W. Grainger (GWW) posted quarterly Gross Margin of 39.46% for Q4 2025, down 14.0% year-over-year from 45.88% in Q4 2024, and up 2.2% quarter-over-quarter from 38.61% in Q3 2025.
W.W. Grainger (GWW) Gross Margin (2009 - 2026) Analysis & Trends
W.W. Grainger (GWW) has reported Gross Margin for 17 consecutive years, with 39.46% the latest figure, recorded in Q4 2025.
- In Q4 2025, Gross Margin fell 14.0% year-over-year to 39.46%; the TTM figure through Dec 2025 stood at 39.06% (down 30.0% YoY), while the FY2025 annual figure was 39.06%, down 30.0% from the prior year.
- Gross Margin grew to 39.46% in Q4 2025 per GWW's latest filing, from 38.61% in the prior quarter.
- Across five years, Gross Margin topped out at 39.94% in Q1 2023 and bottomed at 35.05% in Q2 2021.
- Historically, Gross Margin has averaged 38.5% across 5 years, with a median of 39.15% in 2023.
- Annual changes were most pronounced in 2021 — Gross Margin plunged 191 bps — and 2022, when it soared 251 bps.
- W.W. Grainger's Gross Margin stood at 37.3% in 2021, then advanced by 6 bps to 39.61% in 2022, then decreased by 1 bps to 39.1% in 2023, then increased by 1 bps to 39.59% in 2024, then dropped by 0 bps to 39.46% in 2025.
- Business Quant data shows GWW's Gross Margin at 39.46% in Q4 2025, 38.61% in Q3 2025, and 38.54% in Q2 2025.
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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 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | 38.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.51% |
| Dec 31, 2025 | 39.46% |
| Sep 30, 2025 | 38.61% |
| Jun 30, 2025 | 38.54% |
| Mar 31, 2025 | 39.71% |
| Dec 31, 2024 | 39.59% |
| Sep 30, 2024 | 39.20% |
| Jun 30, 2024 | 39.29% |
| Mar 31, 2024 | 39.39% |
| Dec 31, 2023 | 39.10% |
| Sep 30, 2023 | 39.33% |
| Jun 30, 2023 | 39.31% |
| Mar 31, 2023 | 39.94% |
| Dec 31, 2022 | 39.61% |
| Sep 30, 2022 | 38.53% |
| Jun 30, 2022 | 37.56% |
| Mar 31, 2022 | 37.92% |
| Dec 31, 2021 | 37.30% |
| Sep 30, 2021 | 37.07% |
| Jun 30, 2021 | 35.05% |