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Global Industrial (GIC) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Global Industrial (GIC) Q3 2026 earnings results →

Q3 2026 Revenue up 10% year over year to $390M · 6¢ of every $1 of revenue kept as net profit · operating margin 8.4%

Global Industrial made $390M in Q3 2026 (+10% Y/Y). Operating margin 8.4%, net earnings $24.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$390M
Year over year+10%
Operating margin8.4%
Net earnings$24.6M
Operating cash flow$44.3M

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 $389.5M in Q3 2026, up 10% year over year and up 1% from the previous quarter.

Gross margin was 35.7%, unchanged from Q3 2025. Operating profit was $32.7M, a 8.4% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 18% reached operating profit, above the 7% margin then. Operating expenses grew 7% against revenue growth of 10%. Net earnings were $24.6M, up 31% year over year. The effective tax rate was 25.9%.

Operating cash flow was $44.3M (up 95% year over year), 180% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $15.9M. Capital expenditures of $1.0M left free cash flow of $43.3M.

Quarterly history

Global Industrial revenue by quarterGlobal Industrial revenue by quarter$321MQ1 2025$359MQ2 2025$354MQ3 2025$346MQ4 2025$350MQ1 2026$387MQ2 2026$390MQ3 2026
Global Industrial net earnings by quarterGlobal Industrial net earnings by quarter$13.6MQ1 2025$25.1MQ2 2025$18.8MQ3 2025$14.6MQ4 2025$16.6MQ1 2026$37.1MQ2 2026$24.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 3, 2026$390M+10%8.4%$24.6M$44.3M
Q2 202610-QAug 4, 2026$387M+8%12.8%$37.1M$41.4M
Q1 202610-QMay 5, 2026$350M+9%5.9%$16.6M$6.4M
Q4 202510-KFeb 27, 2026$346M+14%5.7%$14.6M$20.0M
Q3 202510-QOct 28, 2025$354M+3%7.4%$18.8M$22.7M
Q2 202510-QJul 29, 2025$359M+3%9.3%$25.1M$31.7M
Q1 202510-QApr 30, 2025$321M-0.7%5.7%$13.6M$3.4M

Charts

Global Industrial: revenue growth, year over year and quarter over quarterGlobal Industrial: revenue growth, year over year and quarter over quarterY/YQ/Q-1%Q1 2025+3%+12%Q2 2025+3%-1%Q3 2025+14%-2%Q4 2025+9%+1%Q1 2026+8%+10%Q2 2026+10%+1%Q3 2026
Latest (Q3 2026): Y/Y +10%, Q/Q +1%.
Global Industrial: where the cash came from (+) and went (−), TTM to Q3 2026Global Industrial: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$112MCash drawn (+) / kept (−)−$52.0MDividends−$42.4MBuybacks−$14.7MCapital spending−$3.5MOther financing$800KExchange rates−$300K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Global Industrial: profit against cash, quarter by quarterGlobal Industrial: profit against cash, quarter by quarterNet incomeOperating cash flow$10.7M$15.9MQ4 2024$13.6M$3.4MQ1 2025$25.1M$31.7MQ2 2025$18.8M$22.7MQ3 2025$14.6M$20.0MQ4 2025$16.6M$6.4MQ1 2026$37.1M$41.4MQ2 2026$24.6M$44.3MQ3 2026
Latest (Q3 2026): Net income $24.6M, Operating cash flow $44.3M.
Global Industrial: diluted shares by fiscal yearGlobal Industrial: diluted shares by fiscal year38MFY202038MFY202138MFY202238MFY202338MFY202438MFY2025
+1.9% since FY2020: more shares outstanding (issuance, stock pay).
Global Industrial in its industry: growth against margin (4 companies, SIC 5084)Global Industrial in its industry: growth against margin (4 companies, SIC 5084)revenue growth, year over year →↑ operating marginmedian +10%median 8%MSMDXPEALTGGIC (+10%, 8%)
Wholesale-Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵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 Global Industrial

Global Industrial Company, through its operating subsidiaries, is a value-added distributor of industrial equipment and source for industrial equipment and supplies in North America going to market through a system of branded e-commerce websites and relationship marketers. The Company was incorporated in Delaware in 1995. Certain predecessor businesses which now constitute the Company's operations have been in business since 1949. Our headquarters office is located at 11 Harbor Park Drive, Port Washington, New York. The Company sells a wide array of industrial and maintenance, repair and operation ("MRO") products, including its own Global Industrial Exclusive Brands TM , which are marketed in North America. These industrial and MRO products are manufactured by other companies.

In its own words, from its 10-K, filed Feb 27, 2026.

Global Industrial against its Wholesale-Industrial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +10%. Operating margin: 8.4% against the peers' median 8.4%.

CompanyQuarterRevenueY/YOp. margin
GIC Global IndustrialQ3 2026$390M+10%8.4%
MSM MSC Industrial DirectQ4 FY26$1.1B+10%6.7%
DXPE DXP EnterprisesQ3 2026$587M+14%8.9%
ALTG Alta Equipment GroupQ2 2026$476M-1%2.5%

Source: Global Industrial 10-Q on SEC EDGAR · CIK 945114 · Wholesale-Industrial Machinery & Equipment

Guidance and outlook

Global Industrial: what its forward-looking statements are about (10-Q filed 2026-11-03)Global Industrial: what its forward-looking statements are about (10-Q filed 2026-11-03)Supply chain2Demand2Costs1Capital spending1Other1
7 statements; tone +0.14 (−1 all cautious, +1 all confident); 3 hedged.
Global Industrial: outlook statements against the filing beforeGlobal Industrial: outlook statements against the filing beforeConfident1

13F: who owns GIC and who is buying

Largest holders of GIC (13F)Largest holders of GIC (13F)FMR LLC$107MBlackRock$53.4MDimensional Fund Advisors LP$30.4MVanguard Group$24.1MVanguard Capital Management LLC$20.3MGeode Capital Management, LLC$16.7MState Street$11.6MBank of New York Mellon$10.5MRenaissance Technologies LLC$10.1MMorgan Stanley$7.5M
Funds' net buying of GIC by quarter (13F)Funds' net buying of GIC by quarter (13F)$11.9M2024-09−$5.8M2024-12$926K2025-03$12.5M2025-06−$732K2025-09−$9.4M2025-12−$9.2M2026-03$17.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GIC

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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中文版:Global Industrial(GIC)财报

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