WW Grainger Inc (GWW)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,426,000 | 2,414,000 | 2,350,000 | 2,224,000 | 2,080,000 | 1,951,000 | 1,784,000 | 1,586,000 | 1,414,000 | 1,273,000 | 1,215,000 | 1,083,000 | 887,000 | 801,000 | 766,000 | 951,000 | 1,163,000 | 1,276,000 | 1,125,000 | 1,084,000 |
| 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 |
| Pretax margin | 14.80% | 14.91% | 14.76% | 14.27% | 13.74% | 13.28% | 12.63% | 11.75% | 10.93% | 10.15% | 9.97% | 9.17% | 7.57% | 6.89% | 6.63% | 8.18% | 10.18% | 11.25% | 10.03% | 9.69% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,426,000K ÷ $16,387,000K
= 14.80%
The pretax margin of W.W. Grainger Inc. has shown a positive trend over the last eight quarters, indicating the company's ability to efficiently manage its expenses relative to its revenue before taxes. The margin increased from 12.21% in Q1 2022 to 15.17% in Q4 2023, reflecting steady improvement in profitability. This upward trajectory suggests that the company has been able to effectively control costs and optimize its operations to generate higher earnings relative to its total revenue. Overall, the consistent uptrend in pretax margin highlights W.W. Grainger Inc.'s strong financial performance and operational efficiency over the analyzed time period.