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Graco Inc. (GGG) 10-Year Financial Performance & Capital Metrics

GGG • • Industrial / General
IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsIndustrial Pumps & Valves
AboutGraco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions. It also provides liquid finishing equipment; paint circulating and supply pumps; paint circulating advanced control systems; plural component coating proportioners; spare parts and accessories; and powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The company's Process segment offers pumps to move and dispense chemicals, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. The company's Contractor segment offers sprayers to apply paint to walls and other structures; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. It sells its products through distributors, original equipment manufacturers, and home center channels; and directly to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota.Show more
  • Revenue $2.11B -3.7%
  • EBITDA $657M -8.9%
  • Net Income $486M -4.0%
  • EPS (Diluted) 2.82 -4.1%
  • Gross Margin 53.11% +0.4%
  • EBITDA Margin 31.08% -5.4%
  • Operating Margin 26.98% -8.4%
  • Net Margin 23% -0.3%
  • ROE 20.22% -18.5%
  • ROIC 23.15% -19.3%
  • Debt/Equity 0.02 -16.3%
  • Interest Coverage 201.59 +61.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 23.6%
  • ✓FCF machine: 24.4% free cash flow margin
  • ✓19 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 21.9%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.64%
5Y5.12%
3Y2.07%
TTM2.85%

Profit (Net Income) CAGR

10Y7.98%
5Y7.17%
3Y3.39%
TTM2.2%

EPS CAGR

10Y8.74%
5Y7.11%
3Y3.82%
TTM3.53%

ROCE

10Y Avg27.28%
5Y Avg27.19%
3Y Avg26.99%
Latest22.53%

Peer Comparison

Industrial Pumps & Valves
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GHMGraham Corporation808.38M73.5766.2813.13%6%10.71%0.66%0.06
HLIOHelios Technologies, Inc.2.08B62.9153.77-3.55%4.18%3.68%4.56%0.55
SPXCSPX Technologies, Inc.10.65B213.6149.7913.94%10.34%10.41%2.33%0.48
IRIngersoll Rand Inc.34.5B87.3242.395.22%7.31%5.35%3.62%0.49
FLSFlowserve Corporation9.74B76.6235.805.49%9.66%19.48%3.53%0.82
PHParker-Hannifin Corporation119.19B944.5834.83-0.4%18.18%26.41%2.8%0.69
GRCThe Gorman-Rupp Company1.39B52.8734.560.02%7.41%12.4%3.99%1.04
KAIKadant Inc.3.85B327.2834.529.99%10.33%11.29%3.48%0.38

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.29B1.33B1.47B1.65B1.65B1.65B1.99B2.14B2.2B2.11B
Revenue Growth %0.05%0.03%0.11%0.12%-0%0%0.2%0.08%0.02%-0.04%
Cost of Goods Sold+601.78M621.05M681.7M770.75M786.29M795.18M953.66M1.09B1.03B990.86M
COGS % of Revenue0.47%0.47%0.46%0.47%0.48%0.48%0.48%0.51%0.47%0.47%
Gross Profit+684.7M708.24M793.05M882.54M859.76M854.94M1.03B1.06B1.16B1.12B
Gross Margin %0.53%0.53%0.54%0.53%0.52%0.52%0.52%0.49%0.53%0.53%
Gross Profit Growth %0.03%0.03%0.12%0.11%-0.03%-0.01%0.21%0.02%0.1%-0.03%
Operating Expenses+382.57M402.34M432.6M446.11M435.3M463.22M502.63M484.74M514.18M552.36M
OpEx % of Revenue0.3%0.3%0.29%0.27%0.26%0.28%0.25%0.23%0.23%0.26%
Selling, General & Admin324.02M341.73M372.5M382.99M367.74M355.8M422.98M404.73M432.16M465.13M
SG&A % of Revenue0.25%0.26%0.25%0.23%0.22%0.22%0.21%0.19%0.2%0.22%
Research & Development58.56M60.61M60.11M63.12M67.56M72.19M79.65M80.01M82.82M87.23M
R&D % of Revenue0.05%0.05%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%
Other Operating Expenses-1.4M366K2.85M0035.23M0000
Operating Income+302.13M113.88M360.45M436.43M424.46M391.72M531.32M572.7M646.84M570.1M
Operating Margin %0.23%0.09%0.24%0.26%0.26%0.24%0.27%0.27%0.29%0.27%
Operating Income Growth %-0.02%-0.62%2.17%0.21%-0.03%-0.08%0.36%0.08%0.13%-0.12%
EBITDA+346.73M162.17M406.03M484.18M472.16M446.22M590.65M638.7M721.16M656.85M
EBITDA Margin %0.27%0.12%0.28%0.29%0.29%0.27%0.3%0.3%0.33%0.31%
EBITDA Growth %0.01%-0.53%1.5%0.19%-0.02%-0.05%0.32%0.08%0.13%-0.09%
D&A (Non-Cash Add-back)44.61M48.29M45.58M47.75M47.7M54.5M59.33M66M74.32M86.75M
EBIT302.13M306.16M363.3M425.15M418.99M385.93M518.68M575.62M613.99M592.11M
Net Interest Income+-17.64M-17.59M-16.2M-14.38M-13.11M-11.28M-10.21M-9.9M-5.19M-2.83M
Interest Income0000000000
Interest Expense17.64M17.59M16.2M14.38M13.11M11.28M10.21M9.9M5.19M2.83M
Other Income/Expense172.59M-24.49M-31.65M-25.66M-18.58M-17.07M-22.86M-6.98M-38.04M19.18M
Pretax Income+474.71M96.66M347.09M410.77M405.88M374.65M508.46M565.72M608.8M589.28M
Pretax Margin %0.37%0.07%0.24%0.25%0.25%0.23%0.26%0.26%0.28%0.28%
Income Tax+129M55.98M94.68M69.71M62.02M44.2M68.6M105.08M102.29M103.2M
Effective Tax Rate %0.73%0.42%0.73%0.83%0.85%0.88%0.87%0.81%0.83%0.82%
Net Income+345.71M40.67M252.41M341.05M343.85M330.46M439.87M460.64M506.51M486.08M
Net Margin %0.27%0.03%0.17%0.21%0.21%0.2%0.22%0.21%0.23%0.23%
Net Income Growth %0.53%-0.88%5.21%0.35%0.01%-0.04%0.33%0.05%0.1%-0.04%
Net Income (Continuing)345.71M40.67M252.41M341.05M343.85M330.46M439.87M460.64M506.51M486.08M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.950.241.451.972.001.922.522.662.942.82
EPS Growth %0.6%-0.88%5.04%0.36%0.02%-0.04%0.31%0.06%0.11%-0.04%
EPS (Basic)2.000.241.502.042.071.972.592.733.012.88
Diluted Shares Outstanding177.02M170.88M174.32M173.21M171.62M172.01M174.53M172.89M172.2M172.41M
Basic Shares Outstanding172.83M166.85M167.93M167.36M166.51M167.46M169.63M168.95M168.44M168.88M
Dividend Payout Ratio0.2%1.81%0.32%0.26%0.31%0.35%0.29%0.31%0.31%0.35%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+509.02M503.36M631.93M723.22M791.47M1.02B1.36B1.21B1.37B1.5B
Cash & Short-Term Investments52.3M52.37M103.66M132.12M220.97M378.91M624.3M339.2M537.95M675.34M
Cash Only52.3M52.37M103.66M132.12M220.97M378.91M624.3M339.2M537.95M675.34M
Short-Term Investments0000000000
Accounts Receivable225.51M218.37M254.08M274.61M267.35M314.95M325.13M346.01M354.44M362.53M
Days Sales Outstanding63.9859.9662.8860.6359.2869.6759.7158.9258.9262.61
Inventory202.14M201.61M239.35M283.98M273.23M285.7M382.3M476.79M438.35M404.68M
Days Inventory Outstanding122.6118.49128.15134.48126.84131.14146.32160.24154.65149.07
Other Current Assets19.23M20.3M30.18M17.75M16.45M21.93M21.4M24.92M20.52M54.9M
Total Non-Current Assets+882.34M739.75M747.28M749.52M900.74M964.33M1.08B1.23B1.36B1.64B
Property, Plant & Equipment178.44M189.6M204.3M229.29M355.44M388.56M481.11M637.39M760.48M791.33M
Fixed Asset Turnover7.21x7.01x7.22x7.21x4.63x4.25x4.13x3.36x2.89x2.67x
Goodwill394.49M259.85M278.79M293.85M307.66M347.6M356.25M368.17M370.23M487.47M
Intangible Assets227.99M178.34M183.06M166.31M162.62M160.67M149.74M137.51M128.86M233.31M
Long-Term Investments6.13M6.37M6.75M7.25M7.6M7.61M7.54M8.77M9.66M10.14M
Other Non-Current Assets18.32M18.95M23.46M20.77M28.09M34.06M29.15M24.35M25.59M119.52M
Total Assets+1.39B1.24B1.38B1.47B1.69B1.99B2.44B2.44B2.72B3.14B
Asset Turnover0.92x1.07x1.07x1.12x0.97x0.83x0.81x0.88x0.81x0.67x
Asset Growth %-0.1%-0.11%0.11%0.07%0.15%0.17%0.23%-0%0.12%0.15%
Total Current Liabilities+194.62M177.99M234.43M299.8M285.32M321.39M506.79M399.92M395.2M405.81M
Accounts Payable40.51M39.99M48.75M56.9M54.12M58.3M78.43M84.22M72.21M60.82M
Days Payables Outstanding24.5723.526.126.9525.1226.7630.0228.325.4822.4
Short-Term Debt15.9M8.91M6.58M11.08M7.73M22.18M118.49M20.97M30.04M28.54M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Liabilities76.19M76.64M104.43M121.01M102.6M102.77M139.24M141.51M149.84M212.29M
Current Ratio2.62x2.83x2.70x2.41x2.77x3.19x2.69x3.01x3.46x3.69x
Quick Ratio1.58x1.70x1.67x1.47x1.82x2.30x1.94x1.82x2.35x2.69x
Cash Conversion Cycle162.01154.95164.94168.16161174.04176.01190.85188.09189.28
Total Non-Current Liabilities+561.18M491.3M421.72M421.06M381.96M382.83M227.06M179.33M102.58M149.27M
Long-Term Debt392.69M305.69M226.03M266.39M164.3M150M75M75M00
Capital Lease Obligations000024.18M29.22M23.53M21.06M11.79M12.28M
Deferred Tax Liabilities22.3M17.67M17.25M16.59M10.78M10.26M10.66M9.44M8.21M37.82M
Other Non-Current Liabilities146.19M167.95M178.43M138.09M182.71M193.35M117.88M64.39M82.58M99.17M
Total Liabilities755.8M669.29M656.14M720.87M667.28M704.22M733.86M579.25M497.78M555.08M
Total Debt+408.6M314.6M232.61M277.47M203.9M212.59M226.11M126.59M50.06M48.65M
Net Debt356.3M262.23M128.95M145.36M-17.08M-166.32M-398.19M-212.61M-487.89M-626.68M
Debt / Equity0.64x0.55x0.32x0.37x0.20x0.17x0.13x0.07x0.02x0.02x
Debt / EBITDA1.18x1.94x0.57x0.57x0.43x0.48x0.38x0.20x0.07x0.07x
Net Debt / EBITDA1.03x1.62x0.32x0.30x-0.04x-0.37x-0.67x-0.33x-0.68x-0.95x
Interest Coverage17.12x6.47x22.25x30.34x32.38x34.73x52.01x57.87x124.61x201.59x
Total Equity+635.55M573.82M723.06M751.87M1.02B1.28B1.71B1.86B2.22B2.58B
Equity Growth %0.07%-0.1%0.26%0.04%0.36%0.25%0.33%0.09%0.2%0.16%
Book Value per Share3.593.364.154.345.977.469.7910.7612.9214.99
Total Shareholders' Equity635.55M573.82M723.06M751.87M1.02B1.28B1.71B1.86B2.22B2.58B
Common Stock55.77M55.83M169.32M165.17M167.29M168.57M170.31M167.7M167.95M169.39M
Retained Earnings285.51M206.82M181.6M220.73M448.99M568.29M876.92M976.85M1.23B1.51B
Treasury Stock0000000000
Accumulated OCI-104.5M-142.23M-127.79M-144.86M-169.79M-124.17M-80.17M-69.38M-34.99M-49.57M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+189.64M269.09M337.86M367.99M418.73M394.04M456.9M377.39M651.02M621.7M
Operating CF Margin %0.15%0.2%0.23%0.22%0.25%0.24%0.23%0.18%0.3%0.29%
Operating CF Growth %-0.21%0.42%0.26%0.09%0.14%-0.06%0.16%-0.17%0.73%-0.05%
Net Income345.71M40.67M252.41M341.05M343.85M330.46M439.87M460.64M506.51M486.08M
Depreciation & Amortization44.61M48.29M45.58M47.75M48.91M55.33M59.33M66M74.32M86.75M
Stock-Based Compensation19.22M21.13M23.65M25.57M26.67M25.15M24.93M24.7M30.23M31.89M
Deferred Taxes-11.59M-35.56M34.45M15.4M-6.41M10.75M-46.57M-10M-8.5M6.06M
Other Non-Cash Items-151.67M192.02M00035.23M12.02M041.33M0
Working Capital Changes-56.65M9.45M-18.23M-61.79M5.71M-62.88M-32.67M-163.95M7.13M10.91M
Change in Receivables-18.28M4.51M-28.01M-12.4M8.93M-43.12M-13.8M-29.94M-3.25M10.25M
Change in Inventory-34.11M-693K-32.01M-30.72M12.44M-13.09M-97.78M-95.69M42.72M55.84M
Change in Payables4.3M553K4.59M-1.98M-539K6.82M12.4M4.2M-12.35M-13.3M
Cash from Investing+369.94M-90.94M-68.46M-66.25M-155.47M-99.04M-153.3M-226.82M-185.27M-342.81M
Capital Expenditures-41.75M-42.11M-40.19M-53.85M-127.95M-71.34M-133.57M-201.16M-184.78M-106.74M
CapEx % of Revenue0.03%0.03%0.03%0.03%0.08%0.04%0.07%0.09%0.08%0.05%
Acquisitions----------
Investments----------
Other Investing600.71M124K-360K-1.62M-939K-143K-347K-362K-499K5.69M
Cash from Financing+-534.41M-185.16M-217.08M-282.71M-174.05M-139.47M-57.14M-434.4M-268.01M-139.86M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-69.43M-73.43M-80.48M-88.84M-106.44M-116.98M-127.11M-142.13M-158.32M-172.09M
Share Repurchases----------
Other Financing21.94M-3.17M-24.45M24.63M-1.27M83.44M-1.42M-1.22M-2.25M-6.32M
Net Change in Cash----------
Free Cash Flow+147.89M226.98M297.67M314.13M290.78M322.7M323.33M176.23M466.24M514.96M
FCF Margin %0.11%0.17%0.2%0.19%0.18%0.2%0.16%0.08%0.21%0.24%
FCF Growth %-0.3%0.53%0.31%0.06%-0.07%0.11%0%-0.45%1.65%0.1%
FCF per Share0.841.331.711.811.691.881.851.022.712.99
FCF Conversion (FCF/Net Income)0.55x6.62x1.34x1.08x1.22x1.19x1.04x0.82x1.29x1.28x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)56.14%6.73%38.93%46.25%38.7%28.63%29.39%25.81%24.81%20.22%
Return on Invested Capital (ROIC)20.75%9.35%32.03%37.42%33.42%27.64%32.81%29.04%28.68%23.15%
Gross Margin53.22%53.28%53.78%53.38%52.23%51.81%52.02%49.33%52.88%53.11%
Net Margin26.87%3.06%17.12%20.63%20.89%20.03%22.13%21.49%23.07%23%
Debt / Equity0.64x0.55x0.32x0.37x0.20x0.17x0.13x0.07x0.02x0.02x
Interest Coverage17.12x6.47x22.25x30.34x32.38x34.73x52.01x57.87x124.61x201.59x
FCF Conversion0.55x6.62x1.34x1.08x1.22x1.19x1.04x0.82x1.29x1.28x
Revenue Growth5.35%3.33%10.94%12.11%-0.44%0.25%20.45%7.84%2.43%-3.75%

Revenue by Segment

2015201620172018201920202021202220232024
Contractor396.79M433.08M488.11M534.31M553.72M646.33M749.73M999.06M985.67M988.87M
Contractor Growth-9.15%12.71%9.46%3.63%16.73%16.00%33.26%-1.34%0.32%
Industrial616.07M629.58M691.98M781.03M747.4M677.68M840.26M649.35M662.78M619.65M
Industrial Growth-2.19%9.91%12.87%-4.31%-9.33%23.99%-22.72%2.07%-6.51%
Process273.63M266.63M294.65M337.95M344.93M326.11M397.63M495.11M547.15M504.8M
Process Growth--2.56%10.51%14.70%2.06%-5.46%21.93%24.52%10.51%-7.74%

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES653.53M685.98M743.34M806.13M840.66M883.45M1B1.12B1.16B1.15B
UNITED STATES Growth-4.96%8.36%8.45%4.28%5.09%13.68%11.12%4.09%-1.08%
Non-US-643.31M731.4M847.16M805.39M766.66M983.29M1.03B1.03B964.27M
Non-US Growth--13.69%15.83%-4.93%-4.81%28.26%4.50%0.63%-6.74%
Other Countries632.95M---------
Other Countries Growth----------

Frequently Asked Questions

Valuation & Price

Graco Inc. (GGG) has a price-to-earnings (P/E) ratio of 31.0x. This suggests investors expect higher future growth.

Growth & Financials

Graco Inc. (GGG) reported $2.19B in revenue for fiscal year 2024. This represents a 145% increase from $895.3M in 2011.

Graco Inc. (GGG) saw revenue decline by 3.7% over the past year.

Yes, Graco Inc. (GGG) is profitable, generating $498.1M in net income for fiscal year 2024 (23.0% net margin).

Dividend & Returns

Yes, Graco Inc. (GGG) pays a dividend with a yield of 1.14%. This makes it attractive for income-focused investors.

Graco Inc. (GGG) has a return on equity (ROE) of 20.2%. This is excellent, indicating efficient use of shareholder capital.

Graco Inc. (GGG) generated $624.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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