W.W. Grainger (GWW) Operating Margin (2009 - 2026)
W.W. Grainger (GWW) posted quarterly Operating Margin of 14.33% for Q4 2025, down 63.0% year-over-year from 38.72% in Q4 2024, and up 30.58% quarter-over-quarter from 10.97% in Q3 2025.
W.W. Grainger (GWW) Operating Margin (2009 - 2026) Analysis & Trends
W.W. Grainger (GWW) has reported Operating Margin for 17 consecutive years, with 14.33% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin fell 63.0% year-over-year to 14.33%; the TTM figure through Dec 2025 stood at 13.91% (down 145.0% YoY), while the FY2025 annual figure was 13.91%, down 145.0% from the prior year.
- Operating Margin grew to 14.33% in Q4 2025 per GWW's latest filing, from 10.97% in the prior quarter.
- Across five years, Operating Margin topped out at 16.62% in Q1 2023 and bottomed at 10.41% in Q2 2021.
- Historically, Operating Margin has averaged 14.25% across 5 years, with a median of 14.77% in 2025.
- Annual changes were most pronounced in 2021 — Operating Margin surged 631 bps — and 2025, when it plunged 466 bps.
- W.W. Grainger's Operating Margin stood at 12.41% in 2021, then gained by 15 bps to 14.31% in 2022, then retreated by 3 bps to 13.94% in 2023, then increased by 7 bps to 14.95% in 2024, then dropped by 4 bps to 14.33% in 2025.
- Business Quant data shows GWW's Operating Margin at 14.33% in Q4 2025, 10.97% in Q3 2025, and 14.89% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 62.04 Bn | 61.46 Bn | 1.98 Bn | 16.07% |
| 2 | Fastenal | 59.03 Bn | 58.83 Bn | 1.06 Bn | 21.02% |
| 3 | Ferguson Enterprises | 47.99 Bn | 47.17 Bn | 2.32 Bn | 8.19% |
| 4 | Wesco International | 17.78 Bn | 16.97 Bn | 1.46 Bn | 5.73% |
| 5 | Applied Industrial Technologies | 13.25 Bn | 13.08 Bn | 380.80 Mn | 11.02% |
| 6 | Watsco | 11.97 Bn | 11.50 Bn | 578.93 Mn | 11.32% |
| 7 | Core & Main | 8.70 Bn | 8.55 Bn | 520.00 Mn | 9.27% |
| 8 | Pool | 7.21 Bn | 7.18 Bn | 540.76 Mn | 14.68% |
| 9 | Msc Industrial Direct | 6.76 Bn | 6.69 Bn | 430.41 Mn | 10.19% |
| 10 | Xometry | 5.15 Bn | 4.63 Bn | 87.15 Mn | -2.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.07% |
| Dec 31, 2025 | 14.33% |
| Sep 30, 2025 | 10.97% |
| Jun 30, 2025 | 14.89% |
| Mar 31, 2025 | 15.61% |
| Dec 31, 2024 | 14.95% |
| Sep 30, 2024 | 15.63% |
| Jun 30, 2024 | 15.05% |
| Mar 31, 2024 | 15.80% |
| Dec 31, 2023 | 13.94% |
| Sep 30, 2023 | 15.85% |
| Jun 30, 2023 | 15.81% |
| Mar 31, 2023 | 16.62% |
| Dec 31, 2022 | 14.31% |
| Sep 30, 2022 | 15.30% |
| Jun 30, 2022 | 13.92% |
| Mar 31, 2022 | 14.64% |
| Dec 31, 2021 | 12.41% |
| Sep 30, 2021 | 12.99% |
| Jun 30, 2021 | 10.41% |