GWW vs TEL
W.w. Grainger, Inc. and TE Connectivity PLC, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GWW | TEL |
|---|---|---|
| Revenue | $17.9B | $17.3B |
| Net income | $1.7B | $1.8B |
| Gross margin | 39.1% | 35.2% |
| Net margin | 10.1% | 10.7% |
| Return on equity | 48.1% | 14.8% |
| Diluted EPS | $35.40 | $6.16 |
| Dividend / share | $8.83 | $2.72 |
| Payout ratio | 27.4% | 43.6% |
| Free cash flow | $1.3B | $3.2B |
| Equity | $3.7B | · |
| Net debt / equity | 0.51× | 0.35× |
| Current ratio | 2.83× | 1.56× |
| Revenue CAGR 5y | 8.7% | 7.2% |
| Profit CAGR 5y | 19.7% | · |
GWW and TEL book revenue within 15% of each other, and TEL keeps more of each dollar of revenue as profit (10.7% against 10.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GWW | TEL |
|---|---|---|
| FY2025 | $17.9B | $17.3B |
| FY2024 | $17.2B | $15.8B |
| FY2023 | $16.5B | $16.0B |
| FY2022 | $15.2B | $16.3B |
| FY2021 | $13.0B | $14.9B |
| FY2020 | $11.8B | $12.2B |
| FY2019 | $11.5B | $13.4B |
| FY2018 | $11.2B | $14.0B |
| FY2017 | $10.4B | $12.2B |
| FY2016 | $10.1B | $11.4B |
Bottom line
| Fiscal year | GWW | TEL |
|---|---|---|
| FY2025 | $1.7B | $1.8B |
| FY2024 | $1.9B | $3.2B |
| FY2023 | $1.8B | $1.9B |
| FY2022 | $1.5B | $2.4B |
| FY2021 | $1.0B | $2.3B |
| FY2020 | $695.0M | $-241.0M |
| FY2019 | $849.0M | $1.8B |
| FY2018 | $782.0M | $2.6B |
| FY2017 | $586.0M | $1.7B |
| FY2016 | $606.0M | $2.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$680,000,000 | GWW |
| FY2024 | +$1,323,000,000 | GWW |
| FY2023 | +$444,000,000 | GWW |
| FY2022 | −$1,053,000,000 | TEL |
| FY2021 | −$1,901,000,000 | TEL |
| FY2020 | −$375,000,000 | TEL |
| FY2019 | −$1,962,000,000 | TEL |
| FY2018 | −$2,767,000,000 | TEL |
| FY2017 | −$1,760,000,000 | TEL |
| FY2016 | −$1,215,000,000 | TEL |
| FY2015 | −$2,259,616,000 | TEL |
| FY2014 | −$2,008,047,000 | TEL |
| FY2013 | −$1,952,242,000 | TEL |
| FY2012 | −$4,331,955,000 | TEL |
| FY2011 | −$5,699,815,000 | TEL |
| FY2010 | −$4,498,842,000 | TEL |
| FY2009 | −$4,034,009,000 | TEL |
| FY2008 | −$7,522,968,000 | TEL |
| FY2007 | −$6,155,986,000 | TEL |
The higher-revenue side has changed between GWW and TEL over this period. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.6 pp | TEL |
| FY2024 | −8.6 pp | TEL |
| FY2023 | −0.4 pp | TEL |
| FY2022 | −4.3 pp | TEL |
| FY2021 | −6.6 pp | TEL |
| FY2020 | +8.4 pp | GWW |
| FY2019 | −5.9 pp | TEL |
| FY2018 | −11.0 pp | TEL |
| FY2017 | −7.8 pp | TEL |
| FY2016 | −11.5 pp | TEL |
| FY2015 | −11.9 pp | TEL |
| FY2014 | −6.7 pp | TEL |
| FY2013 | −2.7 pp | TEL |
| FY2012 | −0.6 pp | TEL |
| FY2011 | −0.8 pp | TEL |
| FY2010 | −2.3 pp | TEL |
| FY2009 | +38.7 pp | GWW |
| FY2008 | −4.8 pp | TEL |
| FY2007 | +11.0 pp | GWW |
The higher net margin has changed hands between GWW and TEL over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TEL's net margin has been more volatile than GWW's over the 19 comparable fiscal years — 11.6 percentage points of standard deviation against 1.7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GWW and TEL over these 19 fiscal years — GWW led in 3 and TEL in 16.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GWW's return on equity has been more volatile than TEL's over the 19 comparable fiscal years — 15.8 percentage points of standard deviation against 14.3.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
GWW led in return on equity in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.