Companies · GWW
W.W. Grainger
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Latest analysis
Updated Nov 4, 2026
Grainger Q3 2026: 11% reported revenue growth and 15% organic constant currency growth signal sustained MRO share capture, with Adroit Worldwide Media acquisition adding AI-driven inventory management capability.
Grainger delivered Q3 2026 net sales of $5,181 million, up 11% reported and 15% on a daily organic constant currency basis, with both High-Touch Solutions N.A. (+14%) and Endless Assortment (+19% organic constant currency) accelerating versus prior-year growth rates. Adjusted operating earnings grew 18% to $836 million, with gross margin expanding 20 basis points to 38.8%, demonstrating that volume-driven operating leverage is translating to margin expansion even as payroll and benefits costs rise. The August 2026 acquisition of Adroit Worldwide Media assets for $215 million — adding AI-powered inventory management technology to the High-Touch Solutions N.A. segment — marks Grainger's clearest signal yet that it is embedding technology capability, not just distributing products.
Tone: bullishRevenue
$17.9B
GWW 10-K · FY 2025
Revenue growth YoY
+4.5%
Headquarters
Lake Forest, IL
Profile
GWW 10-K Item 1 · Feb 19, 2026W.W. Grainger is a broad-line distributor of maintenance, repair and operating (MRO) products and services operating primarily in North America, Japan, and the U.K. The company serves customers through two models: high-touch solutions for complex buyers and an endless assortment platform for long-tail procurement. Its value proposition centers on product availability, same-day shipping, next-day delivery, and eCommerce convenience.
Read filing description ↓ Collapse description ↑
W.W. Grainger, Inc. is a broad line distributor of maintenance, repair and operating (MRO) products and services with operations primarily in North America, Japan and the U.K. Grainger uses its high-touch solutions and endless assortment businesses to serve customers worldwide, who rely on Grainger for products and services that enable them to run safe, sustainable and productive operations. The Company's continued strategic aspiration for 2026 is to relentlessly expand Grainger's leadership position by being the go-to partner for people who build and run safe, sustainable, and productive operations. The High-Touch Solutions North America segment is focused on three areas: advantaged MRO solutions, differentiated sales and services, and unparalleled customer service. In the Endless Assortment segment, the business is focused on product assortment expansion and innovative customer acquisition and retention capabilities. Additionally, all Grainger businesses are focused on continuously enhancing operational processes to improve service and cost through technology, strong supplier relationships, supply chain infrastructure and a continuous improvement mindset, which ultimately delivers long-term returns for shareholders. Grainger's products are purchased from more than 5,000 primary suppliers located in various countries around the world, not one of which accounted for more than 5% of total purchases in the year ended December 31, 2025.
Primary products
- Maintenance, repair and operating (MRO) products
- High-touch solutions
- Endless assortment
Business segments
End markets
Geographies
“The facilities maintenance industry is highly competitive, and changes in competition and other risks could increase our costs, impact demand for Grainger's products and services or impact the profitability of our business.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased $774 million, or approximately 5%, on both a reported and daily organic constant currency basis in 2025 versus 2024, with both High-Touch Solutions N.A. and Endless Assortment segments contributing to growth.
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