WW Grainger Inc (GWW)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,829,000 | 1,818,000 | 1,768,000 | 1,669,000 | 1,547,000 | 1,446,000 | 1,317,000 | 1,171,000 | 1,043,000 | 928,000 | 871,000 | 760,000 | 695,000 | 630,000 | 623,000 | 769,000 | 849,000 | 955,000 | 826,000 | 803,000 |
| Revenue (ttm) | US$ in thousands | 16,387,000 | 16,192,000 | 15,923,000 | 15,580,000 | 15,137,000 | 14,695,000 | 14,128,000 | 13,498,000 | 12,937,000 | 12,539,000 | 12,184,000 | 11,808,000 | 11,725,000 | 11,631,000 | 11,562,000 | 11,624,000 | 11,422,000 | 11,338,000 | 11,221,080 | 11,187,370 |
| Net profit margin | 11.16% | 11.23% | 11.10% | 10.71% | 10.22% | 9.84% | 9.32% | 8.68% | 8.06% | 7.40% | 7.15% | 6.44% | 5.93% | 5.42% | 5.39% | 6.62% | 7.43% | 8.42% | 7.36% | 7.18% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,829,000K ÷ $16,387,000K
= 11.16%
W.W. Grainger Inc.'s net profit margin has shown a consistent uptrend over the past eight quarters, indicating an improving profitability trend. The company's net profit margin has increased from 8.62% in Q1 2022 to 11.10% in Q4 2023, reflecting efficient cost management and revenue generation. The steady improvement suggests that Grainger has been effectively managing its expenses relative to its revenues, resulting in a higher percentage of profits per dollar of sales. This positive trend in net profit margin highlights the company's ability to maintain and enhance its profitability over time.