COMPANY FILINGS

Graco

GGG

For fiscal 2025, Graco Inc. manufactured fluid- and powder-handling equipment used in manufacturing, processing, construction and maintenance.

Business description: FY2025CIK 0000042888Source: SEC EDGAR
Annual reports
5
Report coverage
2021–2025
Financial statement focus
Balance sheet
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Annual report insights

AI summary

AI-generated summaries of the cited 10-K filings. For informational purposes only; not personalized investment advice.

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Fiscal 2025

Year ended Filed

Read FY2025 annual report (opens in a new tab)
  • Sales increased in every region in 2025 compared with 2024. Management attributed the growth mainly to acquisitions in the Contractor and Industrial segments.

    Source: 2025
  • Gross margin—the share of sales remaining after product costs—fell approximately 1 percentage point in 2025 compared with 2024. Management said pricing did not offset higher product costs, including US$14 million of increased tariff costs, and lower margins at acquired operations.

    Source: 2025
View full 10-K summary 2025Hide full 10-K summary 2025

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Operating earnings

    Operating earnings, profit after operating expenses as well as product costs, rose 10% in 2025 compared with 2024. Management attributed the improvement in operating margin (that profit as a share of sales) primarily to a US$14 million non-cash gain from reducing estimated acquisition-related payments to former owners. This accounting gain differs from the separate US$14 million tariff cost; it was not cash received or evidence of stronger demand.

    Source: 2025

Negative signals

  • Customer risk

    Graco disclosed that its Contractor segment depended on a few large channel partners for significant revenue. Substantial reductions in their purchases, collection difficulties or loss of their business could adversely affect segment profitability.

    Source: 2025

Business context

  • Acquisitions

    Graco acquired Color Service for approximately US$77 million of purchase consideration (the total acquisition value) in the third quarter of 2025 and Red Devil Equipment Company, known as Radia, for approximately US$74 million in the fourth quarter. Their results were included in Industrial and Contractor, respectively. These deal values differ from acquisition cash outflows after subtracting cash held by the businesses acquired.

    Source: 2025

Business in fiscal 2025

For fiscal 2025, Graco Inc. manufactured fluid- and powder-handling equipment used in manufacturing, processing, construction and maintenance.

Source: 2025

5-year changes

FY2021–FY2025

These changes use selected original filing passages and nearby context from the stated five fiscal years. They are not an exhaustive review of all five reports and exclude later-year filings.

  • Segment structure

    Graco reported Industrial, Process and Contractor segments in 2021. Effective January 1, 2025, its reporting groups became Contractor, Industrial and Expansion Markets. The new Industrial Division combined the former Industrial and Lubrication Equipment divisions with Process Transfer Equipment. The 2025 report restated prior-year segment information to match the new structure.

    Source: 2021, 2025
  • Cost pressures

    Graco reported raw-material and component constraints in 2021 and significantly higher material and component costs in 2022 than in 2021. Management said its supply chain stabilized and associated inflation effects largely subsided in 2023. In 2025, it reported $14 million of increased tariff costs and said pricing could not offset higher product costs and the unfavorable effect of lower margins at acquired operations.

    Source: 2021, 2022, 2023, 2025
  • Investment spending

    Capital additions—spending on long-lived assets such as facilities and equipment—declined from $201 million in 2022 to $185 million in 2023, $107 million in 2024 and $46 million in 2025. Separately, cash used for business acquisitions, after subtracting cash acquired with the businesses, was $25 million in 2022, $242 million in 2024 and $135 million in 2025; acquisition spending did not follow a steady upward path. These acquisition cash-flow amounts are a different measure from the purchase consideration for individual deals.

    Source: 2022, 2023, 2024, 2025
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FINANCIAL STATEMENTS

Balance sheet

A snapshot of what Graco owns and owes at a point in time.

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SOURCE LIBRARY

Annual reports & SEC 10-K filings

SEC EDGAR

5 reports in this collection

Original SEC annual reports, with report period and filing date
Report periodFiled with SECFormSource
Dec 26, 20250000042888-26-000081Feb 17, 202610-KOpen 10-Ksec.govRead FY2025 summary
Dec 27, 20240000042888-25-000011Feb 18, 202510-KOpen 10-Ksec.gov
Dec 29, 20230000042888-24-000010Feb 20, 202410-KOpen 10-Ksec.gov
Dec 30, 20220000042888-23-000008Feb 21, 202310-KOpen 10-Ksec.gov
Dec 31, 20210000042888-22-000013Feb 22, 202210-KOpen 10-Ksec.gov

Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.