Graco Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Graco has an operating margin of 27.0%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 29.5% the prior year.
Graco's revenue declined 3.7% year-over-year, from $2.2B to $2.1B. This contraction results in a growth score of 18/100.
Graco carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.69, Graco holds $3.69 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Graco converts 24.4% of revenue into free cash flow ($515.0M). This strong cash generation earns a score of 100/100.
Graco earns a strong 18.8% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is down from 22.8% the prior year.
Graco scores 19.33, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($15.7B) relative to total liabilities ($555.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Graco passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Graco generates $1.28 in operating cash flow ($621.7M OCF vs $486.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Graco earns $201.6 in operating income for every $1 of interest expense ($570.1M vs $2.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Graco (GGG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Graco generated $2.1B in revenue in fiscal year 2024. This represents a decrease of 3.7% from the prior year.
Graco's EBITDA was $656.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.9% from the prior year.
Graco generated $515.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 10.4% from the prior year.
Graco reported $486.1M in net income in fiscal year 2024. This represents a decrease of 4.0% from the prior year.
Graco earned $2.82 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 4.1% from the prior year.
Graco held $675.3M in cash against $0 in long-term debt as of fiscal year 2024.
Graco paid $1.04 per share in dividends in fiscal year 2024. This represents an increase of 8.3% from the prior year.
Graco had 169M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Graco's gross margin was 53.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Graco's operating margin was 27.0% in fiscal year 2024, reflecting core business profitability. This is down 2.5 percentage points from the prior year.
Graco's net profit margin was 23.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
Graco's ROE was 18.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.
Graco invested $87.2M in research and development in fiscal year 2024. This represents an increase of 5.3% from the prior year.
Graco spent $31.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 69.4% from the prior year.
Graco invested $106.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 42.2% from the prior year.
GGG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $543.4M-5.0% | $571.8M+8.2% | $528.3M-3.7% | $548.7M-0.8% | $553.2M+12.4% | $492.2M-13.1% | $566.6M+5.0% | $539.7M |
| Cost of Revenue | $254.1M-6.7% | $272.3M+8.7% | $250.6M-7.0% | $269.4M+6.7% | $252.4M+11.7% | $226.0M-15.3% | $266.7M+4.5% | $255.1M |
| Gross Profit | $289.2M-3.4% | $299.5M+7.8% | $277.7M-0.6% | $279.3M-7.2% | $300.9M+13.0% | $266.2M-11.3% | $299.9M+5.4% | $284.5M |
| R&D Expenses | $20.3M-2.3% | $20.7M+7.0% | $19.4M-12.5% | $22.2M+1.2% | $21.9M+0.1% | $21.9M+3.0% | $21.2M+7.2% | $19.8M |
| SG&A Expenses | $50.3M-5.1% | $53.0M+12.4% | $47.1M-12.9% | $54.1M+11.4% | $48.6M+8.7% | $44.7M+5.6% | $42.3M+1.2% | $41.8M |
| Operating Income | $164.7M+4.6% | $157.5M+9.4% | $144.0M+10.8% | $130.0M-19.4% | $161.4M+21.3% | $133.0M-21.7% | $169.9M+4.1% | $163.2M |
| Interest Expense | $711K+8.5% | $655K-8.1% | $713K-10.2% | $794K+25.2% | $634K-14.8% | $744K+13.6% | $655K-52.9% | $1.4M |
| Income Tax | $30.8M+0.8% | $30.6M+11.7% | $27.4M+15.1% | $23.8M-26.2% | $32.2M+77.6% | $18.1M+3.0% | $17.6M-43.5% | $31.2M |
| Net Income | $137.6M+7.8% | $127.6M+2.8% | $124.1M+14.2% | $108.7M-18.2% | $133.0M+8.8% | $122.2M+11.1% | $110.0M-17.4% | $133.1M |
| EPS (Diluted) | $0.82+7.9% | $0.76+5.6% | $0.72+14.3% | $0.63-18.2% | $0.77+8.5% | $0.71+10.9% | $0.64-16.9% | $0.77 |
GGG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+6.1% | $3.0B+1.3% | $3.0B-4.2% | $3.1B+9.0% | $2.9B+3.3% | $2.8B+2.4% | $2.7B+1.8% | $2.7B |
| Current Assets | $1.5B+7.7% | $1.4B+0.9% | $1.4B-8.6% | $1.5B-1.8% | $1.5B+5.5% | $1.4B+5.7% | $1.4B-0.8% | $1.4B |
| Cash & Equivalents | $618.7M+15.7% | $534.9M-0.2% | $536.1M-20.6% | $675.3M+1.4% | $666.0M+6.9% | $622.7M+15.8% | $538.0M+2.3% | $525.8M |
| Inventory | $426.8M+5.9% | $403.2M-1.7% | $409.9M+1.3% | $404.7M-11.6% | $457.6M-0.3% | $459.1M+4.7% | $438.3M-4.2% | $457.6M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $560.5M+8.4% | $516.9M+4.3% | $495.6M+1.7% | $487.5M+34.1% | $363.5M0.0% | $363.4M-1.9% | $370.2M+2.6% | $360.7M |
| Total Liabilities | $624.0M+14.5% | $545.1M+2.7% | $530.6M-4.4% | $555.1M+20.3% | $461.4M+2.3% | $451.2M-9.4% | $497.8M+2.3% | $486.4M |
| Current Liabilities | $467.8M+20.4% | $388.6M+2.4% | $379.6M-6.4% | $405.8M+12.0% | $362.3M+3.0% | $351.7M-11.0% | $395.2M-0.2% | $395.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
| Total Equity | $2.6B+4.3% | $2.5B+0.9% | $2.5B-4.1% | $2.6B+6.8% | $2.4B+3.5% | $2.3B+5.0% | $2.2B+1.6% | $2.2B |
| Retained Earnings | $1.4B+6.9% | $1.3B-2.2% | $1.4B-9.4% | $1.5B+9.3% | $1.4B+5.6% | $1.3B+6.4% | $1.2B+0.1% | $1.2B |
GGG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $179.2M-1.9% | $182.7M+45.7% | $125.4M-32.3% | $185.2M+33.2% | $139.0M+16.9% | $118.9M-25.5% | $159.6M-23.6% | $209.0M |
| Capital Expenditures | $3.5M-82.3% | $19.6M+84.9% | $10.6M-24.0% | $13.9M-61.5% | $36.3M-2.5% | $37.2M-5.0% | $39.1M-26.7% | $53.4M |
| Free Cash Flow | $175.7M+7.7% | $163.1M+42.0% | $114.8M-33.0% | $171.3M+66.7% | $102.7M+25.7% | $81.7M-32.2% | $120.5M-22.6% | $155.7M |
| Investing Cash Flow | -$64.1M-217.4% | -$20.2M-92.6% | -$10.5M+95.8% | -$247.6M-582.8% | -$36.3M-14.7% | -$31.6M+18.8% | -$39.0M+26.7% | -$53.1M |
| Financing Cash Flow | -$32.4M+81.0% | -$170.5M+33.9% | -$258.1M-951.7% | -$24.5M+58.4% | -$59.0M-3064.1% | -$1.9M+98.3% | -$109.6M+27.1% | -$150.4M |
| Dividends Paid | $45.6M-0.1% | $45.6M-2.1% | $46.6M+8.2% | $43.1M-0.2% | $43.1M+0.6% | $42.9M+8.2% | $39.6M-0.3% | $39.7M |
| Share Buybacks | $0-100.0% | $122.9M-48.4% | $238.1M | $0-100.0% | $17.8M | $0-100.0% | $75.3M+290.3% | $19.3M |
GGG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.2%+0.8pp | 52.4%-0.2pp | 52.6%+1.7pp | 50.9%-3.5pp | 54.4%+0.3pp | 54.1%+1.1pp | 52.9%+0.2pp | 52.7% |
| Operating Margin | 30.3%+2.8pp | 27.5%+0.3pp | 27.3%+3.6pp | 23.7%-5.5pp | 29.2%+2.2pp | 27.0%-3.0pp | 30.0%-0.3pp | 30.2% |
| Net Margin | 25.3%+3.0pp | 22.3%-1.2pp | 23.5%+3.7pp | 19.8%-4.2pp | 24.0%-0.8pp | 24.8%+5.4pp | 19.4%-5.3pp | 24.7% |
| Return on Equity | 5.3%+0.2pp | 5.1%+0.1pp | 5.0%+0.8pp | 4.2%-1.3pp | 5.5%+0.3pp | 5.2%+0.3pp | 4.9%-1.1pp | 6.1% |
| Return on Assets | 4.3%+0.1pp | 4.2%+0.1pp | 4.1%+0.7pp | 3.5%-1.2pp | 4.6%+0.2pp | 4.4%+0.3pp | 4.0%-0.9pp | 5.0% |
| Current Ratio | 3.18-0.4 | 3.55-0.1 | 3.61-0.1 | 3.69-0.5 | 4.21+0.1 | 4.11+0.7 | 3.46-0.0 | 3.48 |
| Debt-to-Equity | 0.24+0.0 | 0.220.0 | 0.210.0 | 0.21+0.0 | 0.190.0 | 0.19+0.2 | 0.000.0 | 0.00 |
| FCF Margin | 32.3%+3.8pp | 28.5%+6.8pp | 21.7%-9.5pp | 31.2%+12.6pp | 18.6%+2.0pp | 16.6%-4.7pp | 21.3%-7.6pp | 28.8% |
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Frequently Asked Questions
What is Graco's annual revenue?
Graco (GGG) reported $2.1B in total revenue for fiscal year 2024. This represents a -3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Graco's revenue growing?
Graco (GGG) revenue declined by 3.7% year-over-year, from $2.2B to $2.1B in fiscal year 2024.
Is Graco profitable?
Yes, Graco (GGG) reported a net income of $486.1M in fiscal year 2024, with a net profit margin of 23.0%.
What is Graco's earnings per share (EPS)?
Graco (GGG) reported diluted earnings per share of $2.82 for fiscal year 2024. This represents a -4.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Graco's EBITDA?
Graco (GGG) had EBITDA of $656.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Graco's gross margin?
Graco (GGG) had a gross margin of 53.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Graco's operating margin?
Graco (GGG) had an operating margin of 27.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Graco's net profit margin?
Graco (GGG) had a net profit margin of 23.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Graco pay dividends?
Yes, Graco (GGG) paid $1.04 per share in dividends during fiscal year 2024.
What is Graco's return on equity (ROE)?
Graco (GGG) has a return on equity of 18.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Graco's free cash flow?
Graco (GGG) generated $515.0M in free cash flow during fiscal year 2024. This represents a 10.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Graco's operating cash flow?
Graco (GGG) generated $621.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Graco's total assets?
Graco (GGG) had $3.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Graco's capital expenditures?
Graco (GGG) invested $106.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Graco spend on research and development?
Graco (GGG) invested $87.2M in research and development during fiscal year 2024.
Does Graco buy back shares?
Yes, Graco (GGG) spent $31.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Graco have outstanding?
Graco (GGG) had 169M shares outstanding as of fiscal year 2024.
What is Graco's current ratio?
Graco (GGG) had a current ratio of 3.69 as of fiscal year 2024, which is generally considered healthy.
What is Graco's debt-to-equity ratio?
Graco (GGG) had a debt-to-equity ratio of 0.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Graco's return on assets (ROA)?
Graco (GGG) had a return on assets of 15.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Graco's Altman Z-Score?
Graco (GGG) has an Altman Z-Score of 19.33, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Graco's Piotroski F-Score?
Graco (GGG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Graco's earnings high quality?
Graco (GGG) has an earnings quality ratio of 1.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Graco cover its interest payments?
Graco (GGG) has an interest coverage ratio of 201.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Graco?
Graco (GGG) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.