Global Industrial (GIC) financial statements
Global Industrial reported revenue of $1.4B in fiscal 2025, up 7.0% a year over 9 years.
Net income was $72M and the operating margin 7.1%, against 1.1% in 2016.
Free cash flow was $75M, and the company returned $40M in dividends and $9M in net buybacks.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Global Industrial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $753M | $792M | $897M | $947M | $1.0B | $1.1B | $1.2B | $1.3B | $1.3B | $1.4B |
| Cost of revenue | $515M | $519M | $589M | $621M | $672M | $689M | $745M | $838M | $864M | $889M |
| Gross profit | $238M | $273M | $308M | $326M | $357M | $374M | $421M | $436M | $452M | $490M |
| Selling, general and admin | $226M | $227M | $245M | $260M | $273M | $286M | $316M | $339M | $372M | $393M |
| Operating income | $8M | $46M | $62M | $66M | $84M | $88M | $105M | $96M | $80M | $98M |
| Interest expense | — | — | — | — | — | — | $1M | $1M | $200,000 | — |
| Pre-tax income | $6M | $46M | $63M | $66M | $84M | $88M | $104M | $95M | $80M | $98M |
| Income tax | $3M | -$20M | $13M | $16M | $20M | $18M | $26M | $24M | $19M | $26M |
| Net income | -$33M | $40M | $225M | $48M | $65M | $103M | $79M | $71M | $61M | $72M |
| EPS (diluted) | -$0.88 | $1.07 | $5.93 | $1.28 | $1.71 | $2.71 | $2.06 | $1.84 | $1.58 | $1.85 |
| Diluted shares | 37M | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 38M | 38M |
| Gross margin | 31.6% | 34.5% | 34.3% | 34.4% | 34.7% | 35.2% | 36.1% | 34.2% | 34.3% | 35.5% |
| Operating margin | 1.1% | 5.8% | 6.9% | 7.0% | 8.2% | 8.3% | 9.0% | 7.6% | 6.1% | 7.1% |
| Net margin | -4.3% | 5.1% | 25.1% | 5.1% | 6.4% | 9.7% | 6.8% | 5.5% | 4.6% | 5.2% |
Balance sheet
Fiscal years, from Global Industrial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $150M | $184M | $295M | $97M | $22M | $15M | $28M | $34M | $45M | $68M |
| Receivables | $149M | $73M | $84M | $88M | $102M | $107M | $108M | $131M | $126M | $140M |
| Inventory | $117M | $88M | $107M | $112M | $132M | $173M | $179M | $151M | $167M | $175M |
| Total current assets | $511M | $494M | $497M | $304M | $264M | $301M | $326M | $330M | $353M | $396M |
| Property, plant and equipment | $16M | $14M | $15M | $18M | $17M | $16M | $21M | $20M | $19M | $18M |
| Goodwill | $8M | $6M | $6M | $6M | $6M | $6M | $6M | $40M | $40M | $41M |
| Total assets | $566M | $551M | $530M | $397M | $375M | $405M | $455M | $513M | $521M | $581M |
| Total current liabilities | $325M | $316M | $380M | $160M | $186M | $180M | $153M | $174M | $168M | $178M |
| Total liabilities | $352M | $340M | $392M | $221M | $268M | $251M | $245M | $258M | $240M | $268M |
| Shareholders' equity | $214M | $212M | $138M | $176M | $107M | $154M | $210M | $255M | $281M | $313M |
| Net debt | -$150M | -$184M | -$295M | -$97M | -$22M | -$15M | -$28M | -$34M | -$45M | -$68M |
Cash flow
Fiscal years, from Global Industrial's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$57M | $46M | -$22M | $68M | $68M | $50M | $50M | $112M | $51M | $78M |
| Capital spending | $2M | $2M | $4M | $7M | $3M | $3M | $7M | $4M | $4M | $3M |
| Free cash flow | -$60M | $43M | -$27M | $62M | $66M | $46M | $43M | $108M | $47M | $75M |
| Stock-based compensation | $2M | $2M | $900,000 | $5M | $5M | $3M | $4M | $3M | $3M | $7M |
| Dividends paid | $4M | $13M | $109M | $262M | $134M | $62M | $28M | $31M | $38M | $40M |
| Share buybacks (net) | $0 | $0 | -$9M | $0 | -$7M | $0 | $0 | $0 | $0 | -$9M |
| Free cash flow margin | -7.9% | 5.4% | -3.0% | 6.5% | 6.4% | 4.4% | 3.7% | 8.5% | 3.6% | 5.4% |
| Dividends per share | $0.10 | $0.35 | $2.88 | $6.94 | $3.56 | $1.64 | $0.72 | $0.80 | $1.00 | $1.05 |
Questions
What was Global Industrial's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Global Industrial generate?
$75M in fiscal 2025 (operating cash flow minus capital spending).
From Global Industrial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.