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Graybar Electric earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 26, 2026
Q3 2026 Revenue up 22% year over year to $4.0B · 4¢ of every $1 of revenue kept as net profit · operating margin 5.7%
Graybar Electric made $4.0B in Q3 2026 (+22% Y/Y). Operating margin 5.7%, net earnings $172M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 26, 2026.
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What changed this quarter
Revenue was $4.0B in Q3 2026, up 22% year over year and up 7% from the previous quarter.
Gross margin was 18.9%, down 0.4 points from Q3 2025. Operating profit was $0.23B, a 5.7% margin (up 0.8 points year over year). Of the extra revenue versus Q3 2025, 10% reached operating profit, above the 5% margin then. Operating expenses grew 11% against revenue growth of 22%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.17B, up 44% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.26B (up 8% year over year), 153% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items added $0.07B. Capital expenditures of $0.05B left free cash flow of $0.22B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 26, 2026 | $4.0B | +22% | 5.7% | $172M | $263M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $3.8B | +12% | 5.8% | $159M | $130M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $3.3B | +12% | 5.9% | $142M | $119M |
| Q4 2025 | 10-K | Mar 11, 2026 | $3.3B | +11% | 3.0% | $73.3M | $68.2M |
| Q3 2025 | 10-Q | Oct 27, 2025 | $3.3B | +11% | 4.9% | $120M | $245M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $3.4B | +12% | 5.5% | $138M | −$18.7M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $2.9B | +8% | 4.7% | $101M | $183M |
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About Graybar Electric
Graybar is a leading North American distributor of electrical, industrial, automation and connectivity products and is a provider of related supply chain management and logistics services. We primarily serve customers in the construction, commercial, institutional and government ("CIG"), and industrial & utility vertical markets ("vertical" or "verticals"), with products and services that support new construction, infrastructure updates, building renovation, facility maintenance, repair and operations ("MRO"), and original equipment manufacturers ("OEM").
In its own words, from its 10-K, filed Mar 11, 2026.
Graybar Electric against its Wholesale-Electrical Apparatus & Equipment, Wiring Supplies peers
The largest companies of the same SEC industry, each at its latest quarter.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Graybar Electric | Q3 2026 | $4.0B | +22% | 5.7% |
| WCC Wesco International | Q3 2026 | $7.2B | +17% | 6.2% |
Source: Graybar Electric 10-Q on SEC EDGAR · CIK 205402 · Wholesale-Electrical Apparatus & Equipment, Wiring Supplies