W.W. GRAINGER, INC.
GWW · Industrials · $65.9B mkt cap · FY2025 filings · Wide moat
On the watchlist
The four filters
Pricing power66
Median gross margin 38.9% over 10y, very stable.
Returns on capital100
Median ROIC 27.1%, above the 9% hurdle in 100% of years.
Balance-sheet safety91
Net debt/EBITDA 0.7x, interest coverage 31x.
Capital discipline100
Owner earnings +12.2%/yr, share count shrinking (buybacks).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $1.7B
- Est. intrinsic value / share
- $648.22
- Recent price
- $1390.78
- Discount to value
- 115% above value
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.