GLOBAL INDUSTRIAL Co financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GLOBAL INDUSTRIAL Co files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,170	1,265	897	947	1,029	1,063	1,166	1,274	1,316	1,379
Cost of revenue	515	519	589	621	672	689	745	839	864	889
Gross profit	238	273	308	326	357	374	421	436	452	490
Selling, general and administrative	226	227	245	260	273	286	316	339	372	393
Operating income	8	45.7	61.7	66.1	84.1	88	105	96.5	80.5	97.6
Interest expense							1.1	1.1	0.2
Other non-operating income								-1.1	-0.2	-0.1
Pre-tax income	6.5	45.5	62.9	66.1	84	87.6	104	95.2	79.8	97.6
Income tax	2.6	-20	13.4	16.1	19.9	17.5	25.7	24.5	19.1	25.6
Income from continuing operations				50	64.1	70.1	78.1	70.7	60.7	72
Net income	-32.6	40.4	225	48.5	65.4	103	78.8	70.7	61	72.1
EBITDA	12.5	50.3	66.2	70.2	88.2	91.7	109	103	88.1	105
EPS, basic	-0.88	1.09	6.03	1.29	1.72	2.73	2.07	1.85	1.59	1.86
EPS, diluted	-0.88	1.07	5.93	1.28	1.71	2.71	2.06	1.84	1.58	1.85
Shares, basic (weighted)	37.2	37	37.2	37.5	37.5	37.8	38	38.1	38.3	38.4
Shares, diluted (weighted)	37.2	37.6	37.9	37.7	37.7	38	38.1	38.2	38.4	38.4
Dividend per share	0.10	1.85	7.94	0.48	3.56	1.64	0.72	0.80	1.00	1.04

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	150	185	295	97.2	22.4	15.4	28.5	34.4	44.6	67.5
Receivables	149	73.1	84.1	88.2	102	107	108	131	127	140
Inventory	117	88.2	107	113	132	173	179	151	167	175
Other current assets	3.9	3.3	10.6	6.4	6.8	6.4	9.8	13.9	14.4	14.8
Total current assets	511	494	497	304	264	301	326	330	353	397
Property, plant and equipment	16.4	14	14.9	17.8	16.6	16.5	21	20	19.1	18.5
Lease right-of-use assets				59.3	77.3	68.8	90.3	84.4	72.7	91.8
Goodwill	7.6	5.5	5.5	5.5	5.5	5.5	5.5	40	39.6	40.6
Intangible assets	5.4	4.4	1.5	1	1.5	1.3	1.1	28.6	25.4	23
Other non-current assets	1.5	1.1	1.1	1	2.6	1.2	1.7	2	2.5	2.3
Total assets	566	551	530	397	375	405	455	513	521	581
Accounts payable	181	108	101	116	125	114	96.9	111	107	109
Accrued liabilities	49.2	38.5	35	34	50.7	50.5	43.2	49.1	47.8	53.7
Deferred revenue							0	3.5	4.3	3.2
Short-term debt					0	4.5	0.6	0
Total current liabilities	325	316	380	160	186	180	153	174	168	179
Lease liabilities				58.7	77.2	68.5	89.1	81.4	69	87.5
Other non-current liabilities	24.3	19.9	12.6	2.9	4.5	3	2.6	2.6	2.2	1.6
Total liabilities	352	340	392	221	268	251	245	258	240	268
Paid-in capital	186	187	187	190	194	196	201	205	208	213
Retained earnings	73.1	44.8	-27.6	2.8	-66.5	-25.5	25.9	66	88.6	120
Treasury stock	-23.9	-21.8	-25.1	-20.4	-24	-20.4	-19.5	-18.6	-16.8	-22.1
Other comprehensive income	-20.7	1.9	3	3	3.4	3.3	2.4	2.6	1.4	1.8
Shareholders' equity	214	212	138	176	107	154	210	255	281	313
Total equity	214	212	138	176	107	154	210	255	281	313
Total liabilities and equity	566	551	530	397	375	405	455	513	521	581
Shares outstanding	36.9	37.1	37.3	37.7	37.6	37.9	38	38.1	38.2	38.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-32.6	40.4	225	48.5	65.4	103	78.8	70.7	61	72.1
Depreciation and amortization	4.5	4.6	4.5	4.1	4.1	3.7	3.9	6.4	7.6	7.7
Stock-based compensation	1.6	1.6	0.9	5.4	4.7	2.9	4.5	3	2.8	7.4
Deferred income tax	1.1	-21.9	8.4	1.4	-0.5	-3.2	0	2	-0.5	0.6
Change in receivables	38.5	-6.7	-11.9	-5.6	-15	-7.4	-3.3	-2.6	1.6	-12.3
Change in inventory	16.3	-5	-19.4	-5	-19.7	-40.5	-7	33.3	-17.1	-6.4
Change in payables	-88	4.7	-6.6	14.6	10.1	19.7	-17	1.2	-4	1.7
Cash from operations	-57.4	45.6	-22.3	68.4	68.2	49.8	50.2	112	50.7	77.8
Capital expenditures	-2.2	-2.5	-4.5	-6.9	-2.7	-3.4	-7.4	-3.9	-3.8	-3.1
Acquisitions	0	0				0	0	-72.3	0	-4
Cash from investing	-2.7	-2.8	245	-6.9	-2.7	-3.4	-7.1	-76.2	-3.8	-7.1
Stock issued	0	2.4	5.4	2.1	3.3	4.9	0.8	0.6	1.8	2.7
Share buybacks	0	0	-9.1	0	-7.2	0	0	0	0	-9.1
Dividends paid	-3.7	-13	-109	-262	-134	-62.5	-27.6	-30.6	-38.4	-40.3
Cash from financing	-4.1	-11.5	-115	-260	-139	-55	-29.7	-29.7	-36.7	-47.5
Exchange rate effect	-1.2	3.5	3.1
Net change in cash		34.8	111	-198	-73.2	-8.6	13.1	5.9	10.2	22.9
Free cash flow	-59.6	43.1	-26.8	61.5	65.5	46.4	42.8	108	46.9	74.7
Interest paid	0.7	0.4	0.2	0.3	0.2	0.3	1.2	1.1	0.3	0.3
Income taxes paid	5.8	5.8	36.6	11.3	17.7	27	32.8	23.8	18	23.7

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $41.50 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	36.4%	Gross profit / revenue.
Operating margin	8.1%	Operating income / revenue.
EBITDA margin	8.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	8.1%	Pre-tax income / revenue.
Net margin	6.1%	Net income / revenue.
FCF margin	6.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	6.3%	Cash from operations / revenue.
Effective tax rate	26.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	25.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	13.9%	Net income / average total assets.
Return on invested capital (ROIC)	33.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	28.3%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.2%	Capital expenditures / revenue.
D&A / revenue	0.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	4.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	5.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	6.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	8.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	5.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	6.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	21.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-2.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	3.0%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	19.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-1.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	3.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	18.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-2.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	2.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	17.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-3.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	1.6%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	53.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	15.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	2.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	59.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	20.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	2.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	4.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	13.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-21.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	11.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	24.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	11.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	9.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.24x	Current assets / current liabilities.
Quick ratio	1.37x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.43x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	45.5%	Total liabilities / total assets.
Working capital	$249.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	9.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$280.7M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.29x	Revenue / average total assets.
Fixed asset turnover	80.7x	Revenue / average property, plant and equipment.
Inventory turnover	5.59x	Cost of revenue / average inventory.
Days inventory	65 days	365 x average inventory / cost of revenue.
Receivables turnover	7.69x	Revenue / average receivables.
Days sales outstanding	47 days	365 x average receivables / revenue.
Days payables	48 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	65 days	Days inventory + days sales outstanding - days payables.
FCF conversion	100.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.28	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$37.60	Revenue / diluted weighted shares.
FCF per share	$2.29	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.37	Cash from operations / diluted weighted shares.
Book value per share	$8.99	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.37	Tangible book value / shares outstanding.
Cash per share	$2.28	(Cash + short-term investments) / shares outstanding.
Payout ratio	48.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	47.9%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.58B	Share price x shares outstanding.
Enterprise value	$1.49B	Market cap + total debt - cash - short-term investments.
P/E	18.2x	Market cap / net income. Only when net income is positive.
P/S	1.10x	Market cap / revenue.
P/B	4.61x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	5.63x	Market cap / tangible book value, when positive.
P/FCF	18.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	17.5x	Market cap / cash from operations, when positive.
EV/Sales	1.04x	Enterprise value / revenue.
EV/EBIT	12.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	12.1x	Enterprise value / EBITDA, when both are positive.
EV/FCF	17.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.5%	Free cash flow / market cap.
Earnings yield	5.5%	Net income / market cap (the inverse of P/E).
Dividend yield	2.6%	Dividends paid over the period / market cap.
Shareholder yield	2.6%	(Dividends paid + share buybacks) / market cap.

What was GLOBAL INDUSTRIAL Co's revenue in fiscal 2025?

GLOBAL INDUSTRIAL Co reported revenue of $1.38B for fiscal 2025, 4.8% higher than the year before.

Was GLOBAL INDUSTRIAL Co profitable in fiscal 2025?

Yes. Net income was $72.1M, a net margin of 5.2%.

How much free cash flow did GLOBAL INDUSTRIAL Co generate in fiscal 2025?

Cash from operations of $77.8M minus capital expenditures of $3.1M left free cash flow of $74.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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