● TXN
· FINANCIAL METRICS · Dec 2020 — Dec 2025
Financial overview
6 reporting periods tracked across income statement, balance sheet, and cash flow data.
Net Revenue $17.7B +13.1% YoY
Net Income $5.0B +4.2% YoY
Operating Income $6.0B +10.2% YoY
Total Assets $2.1B +75.2% YoY
● FINANCIAL STATEMENTS
The numbers, in full.
| $ millions | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Accounts receivable (less allowance for credit losses of $30 and $27, respectively) | 1.4B | 1.7B +20.3% | 1.9B +11.4% | 1.8B -5.7% | 1.7B -3.8% | 2.0B +14.2% |
| Net sales | 14.5B | 18.3B +26.9% | 20.0B +9.2% | 17.5B -12.5% | 15.6B -10.7% | 17.7B +13.1% |
| Cost of goods sold | 5.2B | - | - | 6.5B | 6.5B +0.7% | 7.6B +16.1% |
| Gross profit | 9.3B | 12.4B +33.5% | 13.8B +11.3% | 11.0B -20.0% | 9.1B -17.5% | 10.1B +10.9% |
| Research and development | 1.5B | 1.6B +1.6% | 1.7B +7.5% | 1.9B +11.6% | 2.0B +5.2% | 2.1B +6.3% |
| Selling, general and administrative expenses | 1.6B | 1.7B +2.6% | 1.7B +2.3% | 1.8B +7.1% | 1.8B -1.7% | 1.9B +3.7% |
| Merger-related expenses | 198.0M | - | - | - | - | - |
| Restructuring charges/other | 24.0M | - | - | - | - | - |
| Operating earnings | 5.9B | 9.0B +52.0% | 10.1B +13.2% | 7.3B -27.7% | 5.5B -25.4% | 6.0B +10.2% |
| Other – net | 313.0M | 143.0M -54.3% | 106.0M -25.9% | 440.0M +315.1% | 496.0M +12.7% | 230.0M -53.6% |
| Interest and debt expense | 190.0M | 184.0M -3.2% | 214.0M +16.3% | 353.0M +65.0% | 508.0M +43.9% | 543.0M +6.9% |
| Earnings before income taxes | 6.0B | 8.9B +48.2% | 10.0B +12.5% | 7.4B -26.1% | 5.5B -26.5% | 5.7B +4.7% |
| Income tax provision | 422.0M | 1.1B +172.5% | 1.3B +11.6% | 908.0M -29.2% | 654.0M -28.0% | 709.0M +8.4% |
| Net earnings attributable to W.W. Grainger, Inc. | 5.6B | 7.8B +38.9% | 8.7B +12.6% | 6.5B -25.6% | 4.8B -26.3% | 5.0B +4.2% |
| Basic (in dollars per share) | 6.05 | 8.38 +38.5% | 9.51 +13.5% | 7.13 -25.0% | 5.24 -26.5% | 5.47 +4.4% |
| Diluted (in dollars per share) | 5.97 | 8.26 +38.4% | 9.41 +13.9% | 7.07 -24.9% | 5.20 -26.4% | 5.45 +4.8% |
| Basic (in shares) | 921.0M | 923.0M +0.2% | 916.0M -0.8% | 908.0M -0.9% | 912.0M +0.4% | 909.0M -0.3% |
| Diluted (in shares) | 933.0M | 936.0M +0.3% | 926.0M -1.1% | 916.0M -1.1% | 919.0M +0.3% | 913.0M -0.7% |
| Add: net income allocable to dilutive participating securities | 27.0M | 33.0M +22.2% | 39.0M +18.2% | 33.0M -15.4% | 24.0M -27.3% | 28.0M +16.7% |
| Net income available to common shareholders, diluted | 5.6B | 7.7B +38.9% | 8.7B +12.6% | 6.5B -25.6% | 4.8B -26.3% | 5.0B +4.2% |
| Depreciation of equipment and leasehold improvements | 733.0M | 755.0M +3.0% | 925.0M +22.5% | 1.2B +27.0% | 1.5B +28.3% | 1.9B +27.2% |
| Amortization of intangible assets | 198.0M | 142.0M -28.3% | - | - | - | - |
| Net (gains) losses from sales of assets and business divestitures | 4.0M | 57.0M +1325.0% | 3.0M -94.7% | - | 127.0M | -2.0M -101.6% |
| Deferred tax expense (benefit) | -137.0M | 15.0M +111.0% | -191.0M -1373.3% | -299.0M -56.5% | -210.0M +29.8% | -19.0M +91.0% |
| COST OF GOODS SOLD | - | 6.0B | 6.3B +4.8% | - | - | - |
| Amortization of acquisition-related intangible assets | - | 142.0M | - | - | - | - |
| Restructuring | - | 54.0M | - | - | - | - |
| Other operating expenses | - | - | 257.0M | - | - | - |
| Restructuring charges/other | - | - | - | - | -124.0M | 117.0M +194.3% |
Source: SEC Form 10-K + 10-Q · GAAP Latest filing: Feb 4, 2022