W.W. Grainger Key Stats
- Founded1927
- HeadquartersLake Forest, Illinois
- Revenue (2024)$17.2 billion
- Employees~26,000
- NYSE TickerGWW
W.W. Grainger, Inc. is a broad-line distributor of maintenance, repair, and operating (MRO) supplies headquartered in Lake Forest, Illinois. The company serves more than 4.5 million customers across commercial, manufacturing, healthcare, and public sector markets.
William Wallace Grainger founded the business in 1927 as a wholesale electric motor distributor. Grainger listed on the New York Stock Exchange in 1967 under the ticker GWW and has raised its dividend for 53 consecutive years as of 2024.
Today Grainger operates through two segments: High-Touch Solutions, which serves larger customers with account support and inventory management, and Endless Assortment, which runs the Zoro.com and MonotaRO.com online platforms. Combined, the two segments generated $17.2 billion in revenue in 2024.
W.W. Grainger History
William Wallace Grainger starts a wholesale business distributing electric motors in Chicago, operating from a small office with a catalog as his primary sales tool.
W.W. Grainger, Inc. is incorporated in Illinois, formalizing the company structure and laying the groundwork for branch expansion.
Grainger lists on the New York Stock Exchange under the ticker GWW, giving the company access to public capital markets for the first time.
Grainger launches grainger.com, one of the first industrial distribution websites, giving customers an online channel to browse and order products.
MonotaRO is established as a joint venture between Grainger and Sumitomo Corporation to serve the Japanese MRO market through an online platform.
Grainger acquires Imperial Supplies, Alliance Energy Solutions, SafetyCertified, Fabory Group, Anfreixo, and Techni-tool, expanding its product range and international reach into Europe and Latin America.
Grainger establishes Zoro Tools, Inc. and launches the zoro.com website as a low-price online storefront targeting smaller businesses and individual buyers.
Grainger acquires E&R Industrial Sales and Safety Solutions Incorporated, adding specialist MRO distributors with strong regional customer bases.
Grainger acquires Cromwell Group Holdings in the United Kingdom, strengthening its European industrial distribution operations.
Grainger divests Grainger China and Netherlands-based Fabory, refocusing on its core North American, Japanese, and UK markets.
Full-year revenue reaches $17.2 billion. Grainger extends its streak of consecutive annual dividend increases to 53 years and returns $1.6 billion to shareholders through dividends and buybacks.
W.W. Grainger Co-founders
William Wallace Grainger — Founder
An electrical engineer by training, Grainger launched the company in 1927 to distribute electric motors. He built the business around a printed catalog model that made industrial products accessible to buyers across the country.
D.G. Macpherson — Chairman and CEO
Macpherson has led Grainger since 2017. Under his direction, the company expanded its Endless Assortment segment, grew MonotaRO in Japan, and drove revenue from $11 billion to more than $17 billion by 2024.
W.W. Grainger Competitors
Grainger competes with industrial distributors across the U.S., Canada, and internationally. Fastenal Company and MSC Industrial Direct address similar customer segments, while Amazon Business applies growing pressure on the online channel. No single competitor matches Grainger’s product breadth across both physical branches and digital platforms.
| Company | Ticker | Headquarters | Primary Focus |
|---|---|---|---|
| Fastenal Company | FAST | Winona, MN | Fasteners / MRO distribution |
| MSC Industrial Direct | MSM | Melville, NY | Metalworking / MRO distribution |
| Amazon Business | AMZN | Seattle, WA | B2B e-commerce / MRO |
| HD Supply | Private (Home Depot) | Atlanta, GA | Facilities maintenance |
| Anixter International | Private (Wesco) | Chicago, IL | Network infrastructure / MRO |
| Wesco International | WCC | Pittsburgh, PA | Electrical / industrial distribution |
| Applied Industrial Technologies | AIT | Cleveland, OH | Bearings / power transmission |
| Motion Industries | Private (Genuine Parts) | Birmingham, AL | Industrial parts distribution |
| Grainger’s MonotaRO | 3064 (TSE) | Amagasaki, Japan | Online MRO / Japan |
| Würth Group | Private | Künzelsau, Germany | Fasteners / MRO / Europe |
W.W. Grainger Market Cap
Grainger’s market cap grew from roughly $13 billion in 2015 to over $54 billion by end of 2024. A sharp dip in 2017 followed investor concern over margin pressure and pricing strategy, but the stock recovered and accelerated as revenue growth picked up pace through the early 2020s.
W.W. Grainger Revenue
Grainger’s annual revenue nearly doubled over ten years, rising from $9.97 billion in 2015 to $17.2 billion in 2024. Growth accelerated sharply after 2020, driven by post-pandemic industrial demand and the rapid expansion of the Zoro and MonotaRO digital platforms.
W.W. Grainger Acquisitions
Grainger’s acquisition history reflects a strategy of adding specialist distributors and international operations alongside its core U.S. business.
In October 2009, Grainger acquired Imperial Supplies, a specialty distributor of truck fleet maintenance products. The following month, it bought Alliance Energy Solutions, adding energy management services to its catalog. In 2010, it acquired SafetyCertified, a safety training and compliance business.
The pace continued in 2011 when Grainger acquired Fabory Group, a Netherlands-based distributor of fasteners and related products with operations across Europe. That same year, it launched Zoro Tools as an internal startup rather than an acquisition, creating zoro.com as a standalone brand targeting smaller buyers at competitive prices.
In April 2012, Grainger acquired Anfreixo, a Brazilian MRO distributor, extending its Latin American footprint. In December of that year, it acquired Techni-tool, Inc. of Worcester, Pennsylvania, which supplied precision tools and electronic components to manufacturers. In 2013, Grainger added E&R Industrial Sales and Safety Solutions Incorporated, both regional specialists in the U.S. market.
In 2015, Grainger acquired Cromwell Group Holdings in the United Kingdom. Cromwell was one of the UK’s largest MRO distributors and gave Grainger a direct physical presence in the British market to complement its Zoro UK operations.
In 2020, Grainger reversed course on two earlier bets. It sold Grainger China, which had struggled to gain traction against local competitors, and divested Fabory back to a private buyer. Both exits let the company redirect capital toward its stronger-performing North American and Japanese operations.
MonotaRO, the Japanese joint venture Grainger established with Sumitomo Corporation in 2000, has grown into a separately listed public company on the Tokyo Stock Exchange. Grainger retains a majority stake and treats it as a core part of its Endless Assortment segment.
FAQs
Who founded W.W. Grainger and when?
William Wallace Grainger founded the company in 1927 in Chicago as a wholesale electric motor distributor. He built the business around a printed catalog model and incorporated it as W.W. Grainger, Inc. in 1928.
What does W.W. Grainger sell?
Grainger distributes maintenance, repair, and operating (MRO) supplies including safety products, lighting, tools, HVAC equipment, motors, fasteners, and janitorial supplies to commercial, manufacturing, healthcare, and public sector customers.
What is Grainger’s annual revenue?
W.W. Grainger reported full-year revenue of $17.2 billion in 2024, up 4.2% from $16.5 billion in 2023. Revenue has nearly doubled since 2015, when the company generated $9.97 billion.
What are Grainger’s two business segments?
Grainger operates through High-Touch Solutions, which serves larger customers with account teams and inventory management, and Endless Assortment, which runs Zoro.com in the U.S. and MonotaRO.com in Japan.
Is W.W. Grainger publicly traded?
Yes. W.W. Grainger trades on the New York Stock Exchange under the ticker GWW. The company has increased its dividend for 53 consecutive years, making it a Dividend Aristocrat within the S&P 500.
*Information from Forbes.com, Wikipedia.org, and grainger.com.
**Video published on YouTube by “Grainger”.