GGGNYSEPumps & Pumping EquipmentFiscal year ends December 26
GRACO INC
Financials through Q2 FY2026, quarter ended Jun 26, 2026Last filing: 10-Q on Jul 22, 2026
$80.75−1.24 (-1.51%)
Close on Oct 19, 2026
- Market cap
- $13.38B
- P/E (TTM)
- 25.4
- Dividend yield
- 1.39%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
52.5%+0.6 pts over 5 years
Operating margin
27.9%+4.2 pts over 5 years
Net margin
23.3%+3.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.8% | +1.4% | +6.3% | +5.7% | |
| Gross profit | +4.5% | +3.5% | +6.5% | +5.5% | |
| Operating income | +9.6% | +2.9% | +9.8% | +7.5% | |
| Net income | +7.4% | +4.2% | +9.6% | +4.2% | |
| EPS, diluted | +9.2% | +5.0% | +9.9% | +4.7% | |
| Free cash flow | +23.9% | +53.5% | +14.6% | +15.6% | |
| Dividend per share | +7.7% | +9.0% | +9.5% | +10.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 19.9% | |
| Return on assets | 3.1% | 18.0% | 16.3% | |
| Current ratio | 2.83 | 3.19 | 3.15 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | 1.44× | -0.51× | – | |
| Interest coverage | 6.9× | 34.7× | 216.0× | |
| Inventory turnover | 3.1× | 2.8× | 2.6× | |
| Capex to revenue | 3.2% | 4.3% | 2.0% | |
| Diluted shares | 171M | 172M | 169M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Graco generated $2.79B from operations and spent $2.25B on capital expenditure, dividends and share buybacks. 30% of that went back into the business.
Generated
$2.79B
Used
$2.25B
Capital expenditure$671.91M30%Dividends$783.00M35%Share buybacks$790.23M35%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin23.3%
×Asset turnover0.70×
×Equity multiplier1.22×
=Return on equity, FY202519.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 23.3% | 0.70× | 1.22× | 19.9% |
| FY2024 | 23.0% | 0.72× | 1.22× | 20.2% |
| FY2023 | 23.1% | 0.85× | 1.26× | 24.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$521.84M
- Cash generatingOperating cash flow above zero$683.59M
- Return on assets improvedROA up on the prior year17.9% → 16.6%
- Earnings backed by cashOperating cash flow above net income$683.59M vs $521.84M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.69 → 3.15
- No dilutionShare count did not rise172M → 169M
- Gross margin improvedGross margin up on the prior year53.11% → 52.45%
- More efficientAsset turnover rose0.78 → 0.71