Graco (GGG) Cash Flow: Operating & Free Cash Flow

Graco (GGG) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Graco generated $683.59M of operating cash flow and spent $45.67M on capital expenditures. That left free cash flow of $637.92M, up 23.9% from $514.96M a year earlier, or 28.5% of revenue. It returned $606.46M to shareholders through $183.35M in dividends and $423.11M in share buybacks.

Graco Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Graco Inc. (GGG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	521.84	486.08	506.51	460.65	439.87	330.46	343.85	341.05	252.41
Depreciation & Amortization	107.43	86.75	74.32	66.00	59.33	55.33	48.91	47.75	45.58
Deferred Income Tax	-8.67	6.06	-8.50	-10.00	-46.57	10.75	-6.41	15.41	34.45
Stock Based Compensation	34.33	31.89	30.23	24.70	24.93	25.15	26.67	25.57	23.65
Change in Working Capital	47.46	10.92	7.13	-163.95	-32.67	-62.88	5.71	-61.79	-18.23
Change in Accounts Receivable	-7.38	10.25	-3.25	-29.94	-13.80	-43.12	8.93	-12.40	-28.01
Change in Inventory	55.21	55.84	42.72	-95.69	-97.78	-13.09	12.44	-30.72	-32.01
Change in Accounts Payable	7.71	-13.30	-12.35	4.20	12.40	6.82	-0.54	-1.98	4.59
Change in Other Working Capital	-8.08	-41.87	-8.60	-42.51	-3.12	-13.49	-15.12	-16.70	37.20
Other Operating Activities	-18.80	0.00	-8.60	0.00	-34.55	35.23	0.00	0.00	0.00
Net Cash from Operating Activities	683.59	621.70	651.02	377.39	456.90	394.04	418.73	367.99	337.86
Investing Activities
Capital Expenditures	-45.67	-106.74	-184.78	-201.16	-133.57	-71.34	-127.95	-53.85	-40.19
Acquisitions	-135.26	-241.77	0.00	-25.30	-19.39	-27.56	-26.58	-10.77	-27.91
Other Investing Activities	8.14	5.69	-0.50	-0.36	-0.35	-0.14	-0.94	-1.62	-0.36
Net Cash from Investing Activities	-172.80	-342.82	-185.27	-226.82	-153.30	-99.04	-155.47	-66.25	-68.46
Financing Activities
Debt Repayment	-6.56	-0.77	-75.00	-75.00	-0.07	-1.99	-105.11	42.47	-82.68
Common Stock Issued	43.02	70.66	60.18	35.62	50.96	83.44	48.25	24.63	60.69
Common Stock Repurchased	-423.11	-31.35	-102.34	-233.43	-2.34	-102.14	-9.48	-244.81	-90.16
Dividends Paid	-183.35	-172.09	-158.32	-142.13	-127.11	-116.98	-106.44	-88.85	-80.48
Other Financing Activities	-6.06	-6.32	-2.25	-1.22	-1.42	-1.80	-1.27	-16.15	-24.45
Net Cash from Financing Activities	-576.06	-139.86	-268.01	-434.40	-57.14	-139.47	-174.05	-282.71	-217.08
Summary
Effect of Forex Changes on Cash	14.01	-1.64	1.02	-1.28	-1.06	2.41	-0.36	0.19	-1.03
Net Change in Cash	-51.25	137.39	198.76	-285.11	246.46	157.94	88.86	19.21	51.30
Cash at Beginning of Period	675.34	537.95	339.20	624.30	378.91	220.97	132.12	112.90	52.37
Cash at End of Period	624.08	675.34	537.95	339.20	624.30	378.91	220.97	132.12	103.66
Free Cash Flow	637.92	514.96	466.24	176.23	323.33	322.70	290.78	314.13	297.67
Supplemental Disclosures
Interest Paid	3.00	3.00	6.00	10.00	9.80	-	-	-	-
Income Taxes Paid	111.29	104.23	111.29	112.00	111.80	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Graco Cash Flow

What is Graco's free cash flow?

Graco generated free cash flow of $637.92M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $683.59M minus $45.67M of capital expenditures. That was up 23.9% from $514.96M a year earlier. Free cash flow equaled 28.5% of revenue.

How much does Graco spend on capital expenditures?

Graco spent $45.67M on capital expenditures in fiscal 2025, compared with $106.74M a year earlier. That equals 6.7% of operating cash flow.

Does Graco pay dividends or buy back shares?

Yes. In fiscal 2025 Graco returned $183.35M in dividends and $423.11M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition