Business Description
Graco Inc., a Minneapolis, Minnesota-based company established in 1926, specializes globally in the engineering, production, and distribution of sophisticated systems and apparatus. These solutions are designed for the precise handling, measurement, regulation, discharge, and application of diverse fluid and powder materials worldwide. Within its Industrial segment, Graco provides specialized proportioning systems for applying polyurethane foam and polyurea coatings. This division also supplies machinery for the precise pumping, metering, mixing, and dispensing of sealants, adhesives, and composite materials. Further offerings include gel-coat equipment, chop and wet-out systems, resin transfer molding solutions, various applicators, and advanced precision dispensing tools. The segment's portfolio also encompasses liquid finishing equipment, paint circulation and supply pumps, sophisticated paint circulating control systems, and plural component coating proportioners. Complementary spare parts and accessories, along with powder finishing products for metal coatings under the Gema and SAT brands, complete this comprehensive segment. The Process segment is dedicated to delivering pumps capable of transferring and dispensing a wide array of fluids, such as chemicals, water, wastewater, petroleum products, food items, and lubricants. It also produces pressure valves crucial for the oil and natural gas industry, various industrial processes, and scientific research. Chemical injection pumping solutions for both producing oil wells and pipelines are another key offering. Moreover, this segment caters to vehicle servicing facilities – including fast oil change operations, service garages, fleet centers, automobile dealerships, auto parts retailers, truck builders, and heavy equipment service centers – by supplying pumps, hose reels, meters, valves, and related accessories. A significant part of its offerings includes automatic lubrication systems, components, and accessories for the continuous lubrication of bearings, gears, and generators within industrial and commercial equipment, compressors, turbines, and both on- and off-road vehicles. Graco's Contractor segment focuses on sprayers specifically designed for applying paint to walls and other structural surfaces, viscous coatings onto roofs, and for marking lines on roads, parking lots, athletic fields, and interior floors. The company distributes its extensive product range through established channels including distributors, original equipment manufacturers (OEMs), and home improvement retailers, as well as via direct sales to end-users.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 3.14
Total Equity: $2.65B
Shares: 169,219,000
Total Debt: $42.83M
Cash: $624.08M
EBITDA: $751.53M
Total Debt: $42.83M
Cash: $624.08M
Revenue: $2.24B
Revenue: $2.24B
Revenue: $2.24B
Total Equity: $2.65B
Tax Rate: 18.6%
Equity: $2.65B
Total Debt: $42.83M
Cash: $624.08M
Current Liabilities: $467.26M
Long-Term Debt: $18.13M
Total Debt: $42.83M
Total Equity: $2.65B
Shares: 169,219,000
Shares: 169,219,000
CapEx: -$45.67M
Shares: 169,219,000
Stock Price: $76.28
Net Income: $521.84M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 6:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $2.2B | $2.1B | $2.2B |
| Cost of Revenue | $953.7M | $1.1B | $1.0B | $990.9M | $1.1B |
| Gross Profit | $1.0B | $1.1B | $1.2B | $1.1B | $1.2B |
| Operating Expenses | $502.6M | $484.7M | $514.2M | $552.4M | $562.4M |
| Operating Income | $531.3M | $572.7M | $646.8M | $570.1M | $610.7M |
| Net Income | $439.9M | $460.6M | $506.5M | $486.1M | $521.8M |
| EBITDA | $578.0M | $641.6M | $686.6M | $678.9M | $751.5M |
| EPS | $2.59 | $2.73 | $3.01 | $2.88 | $3.14 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $624.3M | $339.2M | $538.0M | $675.3M | $624.1M |
| Total Current Assets | $1.4B | $1.2B | $1.4B | $1.5B | $1.5B |
| Total Assets | $2.4B | $2.4B | $2.7B | $3.1B | $3.3B |
| Current Liabilities | $506.8M | $399.9M | $395.2M | $405.8M | $467.3M |
| Long-Term Debt | $75.0M | $75.0M | $0 | $0 | $18.1M |
| Total Liabilities | $733.9M | $579.2M | $497.8M | $555.1M | $620.3M |
| Total Equity | $1.7B | $1.9B | $2.2B | $2.6B | $2.7B |
| Retained Earnings | $876.9M | $976.9M | $1.2B | $1.5B | $1.5B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:32pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $456.9M | $377.4M | $651.0M | $621.7M | $683.6M |
| Capital Expenditure | -$133.6M | -$201.2M | -$184.8M | -$106.7M | -$45.7M |
| Free Cash Flow | $323.3M | $176.2M | $466.2M | $515.0M | $637.9M |
| Acquisitions (net) | -$19.4M | -$25.3M | $0 | -$241.8M | -$135.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$233.4M | -$102.3M | -$31.4M | -$423.1M |
| Net Change in Cash | $245.4M | -$285.1M | $198.8M | $137.4M | -$51.3M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:53am (21h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.2B $2.2B – $2.2B
|
$2.4B $2.3B – $2.4B
|
$2.5B $2.5B – $2.5B
|
$2.6B $2.6B – $2.6B
|
| EBITDA |
$867.1M $855.9M – $871.0M
|
$917.2M $909.4M – $925.0M
|
$960.7M $956.8M – $968.5M
|
$1.0B $1.0B – $1.0B
|
| Net Income |
$516.2M $497.7M – $518.0M
|
$530.8M $524.1M – $537.8M
|
$579.1M $571.4M – $586.8M
|
$634.4M $626.3M – $641.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:32pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.8% | +2.4% | -3.7% | +5.8% |
| Gross Profit Growth | +2.3% | +9.8% | -3.3% | +4.5% |
| Operating Income Growth | +7.8% | +12.9% | -11.9% | +7.1% |
| Net Income Growth | +4.7% | +10.0% | -4.0% | +7.4% |
| EBITDA Growth | +11.0% | +7.0% | -1.1% | +10.7% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:32pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-20 | $0.30 | 2026-06-12 | 2026-07-20 | 2026-08-05 |
| 2026-04-13 | $0.30 | 2026-02-13 | 2026-04-13 | 2026-05-06 |
| 2026-01-16 | $0.30 | 2025-12-05 | 2026-01-19 | 2026-02-04 |
| 2025-10-20 | $0.28 | 2025-09-12 | 2025-10-20 | 2025-11-05 |
| 2025-07-21 | $0.28 | 2025-06-06 | 2025-07-21 | 2025-08-06 |
| 2025-04-14 | $0.28 | 2025-02-14 | 2025-04-14 | 2025-05-07 |
| 2025-01-17 | $0.28 | 2024-12-06 | 2025-01-20 | 2025-02-05 |
| 2024-10-21 | $0.26 | 2024-09-13 | 2024-10-21 | 2024-11-06 |
| 2024-07-22 | $0.26 | 2024-06-14 | 2024-07-22 | 2024-08-07 |
| 2024-04-12 | $0.26 | 2024-02-16 | 2024-04-15 | 2024-05-01 |
| 2024-01-19 | $0.26 | 2023-12-01 | 2024-01-22 | 2024-02-07 |
| 2023-10-13 | $0.24 | 2023-09-15 | 2023-10-16 | 2023-11-01 |
| 2023-07-14 | $0.24 | 2023-06-16 | 2023-07-17 | 2023-08-02 |
| 2023-04-14 | $0.24 | 2023-02-17 | 2023-04-17 | 2023-05-03 |
| 2023-01-17 | $0.24 | 2022-12-02 | 2023-01-18 | 2023-02-01 |
| 2022-10-14 | $0.21 | 2022-09-23 | 2022-10-17 | 2022-11-02 |
| 2022-07-15 | $0.21 | 2022-06-17 | 2022-07-18 | 2022-08-03 |
| 2022-04-14 | $0.21 | 2022-02-18 | 2022-04-18 | 2022-05-04 |
| 2022-01-14 | $0.21 | 2021-12-03 | 2022-01-18 | 2022-02-02 |
| 2021-10-15 | $0.19 | 2021-09-17 | 2021-10-18 | 2021-11-03 |
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