W.W. GRAINGER, INC.

Wholesale-Durable Goods·LAKE FOREST, IL·FY end 12/31·CIK 277135

CEO Pay Ratio

172:1

D.G. Macpherson

CEO Total Comp

$11.6M

D.G. Macpherson

Median Employee

$67,858

Revenue

$17.9B

FY 2025

Net Income

$1.7B

FY 2025

Free Cash Flow

$1.3B

FY 2025

Net Margin

9.5%

Insider Net (180d)

-$4.1M

0 buys / 24 sales

CEO Pay Accountability

CEO comp as % of net income

0.68%

For every $1,000 of profit, $6.81 flows to the CEO.

CEO comp as % of buybacks

1.11%

CEO comp equals 11.1‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$17.9B	$17.2B	$16.5B	$15.2B	$13.0B
Gross Profit	$7.0B	$6.8B	$6.5B	$5.8B	$4.7B
Operating Income	$2.5B	$2.6B	$2.6B	$2.2B	$1.5B
Net Income	$1.7B	$1.9B	$1.8B	$1.5B	$1.0B
Operating CF	$2.0B	$2.1B	$2.0B	$1.3B	$937.0M
Capex	$684.0M	$541.0M	$445.0M	$256.0M	$255.0M
Free Cash Flow	$1.3B	$1.6B	$1.6B	$1.1B	$682.0M
Buybacks	$1.0B	$1.2B	$850.0M	$603.0M	$695.0M
Dividends	$467.0M	$421.0M	$392.0M	$370.0M	$357.0M

Gross Margin	39.1%	39.4%	39.4%	38.4%	36.2%
Operating Margin	13.9%	15.4%	15.6%	14.5%	11.9%
Net Margin	9.5%	11.1%	11.1%	10.2%	8.0%
FCF Margin	7.4%	9.1%	9.6%	7.1%	5.2%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	25.6%	23.0%	23.9%	24.8%	25.0%
Debt / Equity	1.30	1.51	0.73	0.94	1.26
Buybacks / FCF	78.5%	76.5%	53.6%	56.0%	101.9%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
D.G. MacphersonChairman of the Board & Chief Executive Officer	$1.2M	$8.5M	—	$1.7M	$328.2K	$11.6M
Melanie J. TintoSenior Vice President & Chief Human Resources Officer	$427.9K	$3.7M	—	$750.0K	$94.1K	$5.0M
Deidra C. MerriwetherSenior Vice President & Chief Financial Officer	$743.8K	$2.7M	—	$697.5K	$92.0K	$4.2M
Paige K. RobbinsSenior Vice President & President Grainger Business Unit	$743.8K	$2.2M	—	$697.5K	$92.3K	$3.7M
Nancy L. Berardinelli-KrantzSenior Vice President & Chief Legal Officer	$668.8K	$1.7M	—	$502.2K	$75.6K	$2.9M