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Graco (GGG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 21, 2026 · Graco (GGG) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $586M · 21¢ of every $1 of revenue kept as net profit · operating margin 25.3%

Graco made $586M in Q3 2026 (+8% Y/Y). Operating margin 25.3%, net earnings $122M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 21, 2026.

Revenue$586M
Year over year+8%
Operating margin25.3%
Net earnings$122M
Operating cash flow$165M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $586.4M in Q3 2026, up 8% year over year and down 1% from the previous quarter.

Gross margin was 50.5%, down 2.7 points from Q3 2025. Operating profit was $148.1M, a 25.3% margin (down 5.1 points year over year). Operating profit fell $16.6M even though revenue rose $43.0M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 19% against revenue growth of 8%. Net earnings were $121.6M, down 12% year over year. The effective tax rate was 20.2%.

Operating cash flow was $165.5M (down 8% year over year), 136% of net earnings. Non-cash charges added back $26.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $9.9M. Capital expenditures of $19.1M left free cash flow of $146.3M.

Quarterly history

Graco revenue by quarterGraco revenue by quarter$528MQ1 2025$572MQ2 2025$543MQ3 2025$593MQ4 2025$540MQ1 2026$591MQ2 2026$586MQ3 2026
Graco net earnings by quarterGraco net earnings by quarter$124MQ1 2025$128MQ2 2025$138MQ3 2025$132MQ4 2025$119MQ1 2026$145MQ2 2026$122MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 21, 2026$586M+8%25.3%$122M$165M
Q2 202610-QJul 22, 2026$591M+3%29.6%$145M$178M
Q1 202610-QApr 22, 2026$540M+2%25.5%$119M$120M
Q4 202510-KFeb 17, 2026$593M+8%26.7%$132M$196M
Q3 202510-QOct 22, 2025$543M+5%30.3%$138M$179M
Q2 202510-QJul 23, 2025$572M+3%27.5%$128M$183M
Q1 202510-QApr 23, 2025$528M+7%27.3%$124M$125M

Charts

Graco: revenue growth, year over year and quarter over quarterGraco: revenue growth, year over year and quarter over quarterY/YQ/Q+7%Q1 2025+3%+8%Q2 2025+5%-5%Q3 2025+8%+9%Q4 2025+2%-9%Q1 2026+3%+9%Q2 2026+8%-1%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q -1%.
Graco: where the cash came from (+) and went (−), TTM to Q3 2026Graco: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$660MBuybacks−$525MAcquisitions−$501MCash drawn (+) / kept (−)$479MDividends−$191MOther financing$100MShares issued$60.0MCapital spending−$59.7MTaxes on employees’ shares−$9.8MNet borrowing (+) / repaid (−)−$6.7MExchange rates−$3.8MOther investing−$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Graco: profit against cash, quarter by quarterGraco: profit against cash, quarter by quarterNet incomeOperating cash flow$109M$185MQ4 2024$124M$125MQ1 2025$128M$183MQ2 2025$138M$179MQ3 2025$132M$196MQ4 2025$119M$120MQ1 2026$145M$178MQ2 2026$122M$165MQ3 2026
Latest (Q3 2026): Net income $122M, Operating cash flow $165M.
Graco: diluted shares by fiscal yearGraco: diluted shares by fiscal year172MFY2020175MFY2021173MFY2022172MFY2023172MFY2024169MFY2025
-1.6% since FY2020: buybacks shrank the count.
Graco in its industry: growth against margin (6 companies, SIC 3561)Graco in its industry: growth against margin (6 companies, SIC 3561)revenue growth, year over year →↑ operating marginmedian +8%median 18%XYLITTIEXGRCAPGGG (+8%, 25%)
Pumps & Pumping Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Graco

Graco Inc., together with its subsidiaries (“Graco,” “us,” “we,” or “our Company”), is a multi-national manufacturing company. We supply technology and expertise for the management of fluids and coatings in industrial and commercial applications. We design, manufacture and market systems and equipment used to move, measure, mix, control, dispense and spray fluid and powder materials. Our equipment is used in manufacturing, processing, construction and maintenance industries. Graco is a Minnesota corporation and was incorporated in 1926.

In its own words, from its 10-K, filed Feb 17, 2026.

Graco against its Pumps & Pumping Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +8%. Operating margin: 25.3% against the peers' median 17.5%.

CompanyQuarterRevenueY/YOp. margin
GGG GracoQ3 2026$586M+8%25.3%
XYL XylemQ3 2026$2.2B-3%17.5%
ITT ITTQ3 2026$1.4B+44%15.7%
IEX IDEXQ3 2026$952M+8%21.9%
GRC Gorman RuppQ3 2026$193M+12%17.5%
AP Ampco PittsburghQ2 2026$103M-9%4.9%

Source: Graco 10-Q on SEC EDGAR · CIK 42888 · Pumps & Pumping Equipment

13F: who owns GGG and who is buying

Largest holders of GGG (13F)Largest holders of GGG (13F)BlackRock$1.4BVanguard Group$1.3BState Street$615MVanguard Portfolio Management LLC$608MVanguard Capital Management LLC$565MGeode Capital Management, LLC$385MMorgan Stanley$312MKayne Anderson Rudnick Investment…$290MMairs & Power$287MFiera Capital$260M
Funds' net buying of GGG by quarter (13F)Funds' net buying of GGG by quarter (13F)−$201M2024-09$2.8M2024-12−$201M2025-03$47.7M2025-06$56.3M2025-09$221M2025-12−$50.2M2026-03−$79.0M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GGG

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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