Financials

Graco Inc. financials

GGG Machinery

Graco Inc., founded in 1926 and headquartered in Minneapolis, Minnesota, manufactures high-performance fluid handling systems for industrial and construction applications. The company offers advanced products such as paint sprayers, lubrication systems, and pumps, contributing to annual revenues over $2 billion. Under the leadership of CEO Kevin P. Davis since 2013, Graco leverages robust R&D and an extensive distribution network to maintain its competitive edge. Strategic investments in digital solutions and advanced manufacturing aim to drive sustainable global growth.

Snapshot

Graco Inc. reported $2.24B in revenue in fiscal 2025, up 5.8% year over year, with an operating margin of 27.9%.

Revenue (FY2025)
$2.24B
YoY growth
+5.8%
Operating margin
27.9%
Direction
Expanding

Financial statements

In thousands, USD · annual
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues2,236,6002,113,3202,195,6102,143,520
Cost of Sales1,063,420990,8551,034,5901,086,080
Gross Profit1,173,1801,122,4601,161,0201,057,440
Selling, General & Administrative Expenses480,150465,133432,156404,731
Research & Development Expenses82,29787,23082,82280,008
Other Operating Expenses(14,061)—(800)—
Operating Profit624,797570,098646,843572,700
Interest Expense(2,893)(2,828)(5,191)(9,897)
Non-Operating Income19,29622,013(32,850)2,921
Total Non-Operating Income16,40319,185(38,041)(6,976)
Income Before Provision for Income Taxes641,200589,283608,802565,724
Provision for Income Taxes119,361103,199102,291105,079
Consolidated Net Income521,839486,084506,511460,645
Net Income Attributable to Common Shareholders521,839486,084506,511460,645
Basic EPS3.142.883.012.73
Diluted EPS3.082.822.942.66
Basic Weighted Average Shares Outstanding166,381168,884168,442168,952
Diluted Weighted Average Shares Outstanding169,219172,405172,199172,893
Shares Outstanding165,150169,394167,946167,702
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents624,083675,336537,951339,196
Total Cash and Cash Equivalents624,083675,336537,951339,196
Accounts Receivable393,753362,533354,439346,010
Total Trade Receivables393,753362,533354,439346,010
Inventories401,138404,676438,349476,790
Other Current Assets52,90754,89635,07043,624
Total Current Assets1,471,8801,497,4401,365,8101,205,620
Net Property, Plant & Equipment781,137791,334760,481637,394
Net Intangible Assets303,851233,306126,258137,507
Goodwill585,304487,468370,228368,171
Other Long-Term Assets132,097129,66399,23190,208
Total Assets3,274,2703,139,2102,722,0102,438,900
Accounts Payable78,57360,81672,21484,218
Accrued Expenses73,42058,16964,80263,969
Short-Term Debt23,07228,53730,03620,974
Current Portion of Long-Term Debt1,624———
Other Current Liabilities290,572258,286228,148230,756
Total Current Liabilities467,261405,808395,200399,917
Long-Term Debt———75,000
Leases18,13112,27811,78521,057
Other Long-Term Liabilities134,947136,99190,79783,274
Total Long-Term Liabilities153,078149,269102,582179,331
Total Liabilities620,339555,077497,782579,248
Common Stock165,150169,394167,946167,702
Additional Paid-in Capital994,566955,051863,336784,477
Accumulated Other Comprehensive Income37,505(49,574)(34,995)(69,378)
Retained Earnings1,456,7101,509,2601,227,940976,851
Total Common Shareholders' Equity2,653,9302,584,1402,224,2301,859,650
Total Shareholders' Equity2,653,9302,584,1402,224,2301,859,650
Total Liabilities and Shareholders' Equity3,274,2703,139,2102,722,0102,438,900
In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Net Income521,839486,084506,511460,645
Depreciation & Amortization107,43386,74974,32165,997
Share-Based Compensation Expense34,33331,89230,22924,695
Other Adjustments(27,471)4,84432,827(9,997)
Changes in Trade Receivables(7,383)10,251(3,245)(29,944)
Changes in Inventories55,20655,83642,716(95,691)
Changes in Accounts Payable7,712(13,298)(12,348)4,195
Changes in Accrued Expenses(5,418)(37,600)(21,088)(41,307)
Changes in Other Operating Activities(2,660)(3,058)1,094(1,199)
Cash from Operating Activities683,591621,700651,017377,394
Capital Expenditure(45,669)(106,737)(184,775)(201,161)
Proceeds from Sale of Property, Plant & Equipment11,1825,630——
Payments for Business Acquisitions(135,262)(241,767)—(25,296)
Other Investing Activities(3,047)59(499)(362)
Cash from Investing Activities(172,796)(342,815)(185,274)(226,819)
Issuance of Short-Term Debt(6,588)(766)9,725(18,252)
Net Issuance / (Repayments) of Short-Term Debt(6,588)(766)9,725(18,252)
Repayments of Long-Term Debt25—(75,000)(75,000)
Net Issuance / (Repayments) of Long-Term Debt25—(75,000)(75,000)
Issuance of Common Shares43,02370,65960,18235,619
Repurchases of Common Shares(429,163)(35,961)(103,569)(234,645)
Net Issuance / (Repurchases) of Common Shares(386,140)34,698(43,387)(199,026)
Common Share Dividends Paid(183,352)(172,088)(158,323)(142,125)
Other Financing Activities—(1,707)(1,025)—
Cash from Financing Activities(576,055)(139,863)(268,010)(434,403)
Effect of Exchange Rate Changes on Cash and Cash Equivalents14,007(1,637)1,022(1,278)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(51,253)137,385198,755(285,106)

Quarterly trend

last 8 quarters
QuarterRevenueYoY growthOperating marginOperating income
Q1 2026$540M+2.2%25.5%$138M
Q4 2025$593M+8.1%26.7%$159M
Q3 2025$543M+4.7%30.3%$165M
Q2 2025$572M+3.4%27.5%$157M
Q1 2025$528M—27.3%$144M
Q4 2024$549M—23.7%$130M
Q3 2024$519M—28.1%$146M
Q2 2024$553M—29.2%$161M
Revenue by quarter$M
$553M
Q2 '24
$519M
Q3 '24
$549M
Q4 '24
$528M
Q1 '25
$572M
Q2 '25
$543M
Q3 '25
$593M
Q4 '25
$540M
Q1 '26
52.5%
Gross margin
27.9%
Operating margin
23.3%
Net margin
SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated

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