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Global Industrial Company, through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada. It offers storage and shelving products, safety and security products, carts and trucks, HVAC and fans, furniture and decor, material handling products, janitorial and facility maintenance products, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping products, lighting and electrical products, foodservice and retail products, medical and laboratory products, motors and power transmission products, building supplies, machining products, fasteners and hardware, vehicle maintenance products, and raw materials. The company distributes its industrial and MRO products under the Global, GlobalIndustrial.com, Nexel, Paramount, Interion, and Absocold brands. The company serves for-profit and not-for-profit businesses; state, local, and private educational organizations; and government entities, including federal, state, and local municipalities through relationship marketers, e-commerce sites, and catalogs. The company was formerly known as Systemax Inc and changed its name to Global Industrial Company in June 2021. Global Industrial Company was founded in 1949 and is headquartered in Port Washington, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $105M | $72M | $75M | 23.0% | 4.8% | 18.2% |
| 2024 | $1.3B | $88M | $61M | $47M | 21.7% | 3.3% | -13.7% |
| 2023 | $1.3B | $103M | $71M | $108M | 27.7% | 9.3% | -10.3% |
| 2022 | $1.2B | $109M | $79M | $43M | 37.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,166.10 | 1,274.30 | 1,315.90 | 1,379.10 |
| Cost Of Revenue | 744.90 | 838.50 | 863.90 | 888.90 |
| Gross Profit | 421.20 | 435.80 | 452 | 490.20 |
| Operating Expense | 316 | 339.30 | 371.50 | 392.60 |
| Operating Income | 105.20 | 96.50 | 80.50 | 97.60 |
| EBITDA | 108.80 | 102.70 | 87.60 | 105.40 |
| EBIT | 104.90 | 96.30 | 80 | 97.70 |
| Pretax Income | 103.80 | 95.20 | 79.80 | 97.60 |
| Tax Provision | 25.70 | 24.50 | 19.10 | 25.60 |
| Net Income | 78.80 | 70.70 | 61 | 72.10 |
| Net Income Common Stockholders | 77.80 | 70.30 | 60.30 | 71.20 |
| Total Expenses | 1,060.90 | 1,177.80 | 1,235.40 | 1,281.50 |
| Interest Expense | 1.10 | 1.10 | 0.20 | 0.10 |
| Selling General And Administration | 316 | 339.30 | 371.50 | 392.60 |
| Normalized EBITDA | 109.10 | 102.90 | 88.10 | 105.30 |
| Normalized Income | 78.33 | 70.85 | 61.08 | 71.93 |
| Basic EPS | 2.07 | 1.85 | 1.59 | 1.86 |
| Diluted EPS | 2.06 | 1.84 | 1.58 | 1.85 |
| Tax Effect Of Unusual Items | -0.07 | -0.05 | -0.12 | 0.03 |
| Tax Rate For Calcs | 0.25 | 0.26 | 0.24 | 0.26 |
| Total Unusual Items | -0.30 | -0.20 | -0.50 | 0.10 |
| Total Unusual Items Excluding Goodwill | -0.30 | -0.20 | -0.50 | 0.10 |
| Net Income From Continuing Operation Net Minority Interest | 78.10 | 70.70 | 60.70 | 72 |
| Reconciled Depreciation | 3.90 | 6.40 | 7.60 | 7.70 |
| Reconciled Cost Of Revenue | 744.90 | 838.50 | 863.90 | 888.90 |
| Net Interest Income | -1.10 | -1.10 | -0.20 | -0.10 |
| Net Income From Continuing And Discontinued Operation | 78.80 | 70.70 | 61 | 72.10 |
| Total Operating Income As Reported | 105.20 | 96.50 | 80.50 | 97.60 |
| Diluted Average Shares | 38.10 | 38.20 | 38.40 | 38.40 |
| Basic Average Shares | 38 | 38.10 | 38.30 | 38.40 |
| Diluted NI Availto Com Stockholders | 77.80 | 70.30 | 60.30 | 71.60 |
| Average Dilution Earnings | 0 | 0 | 0 | 0.40 |
| Otherunder Preferred Stock Dividend | 0.30 | 0.40 | 0.40 | 0.80 |
| Net Income Including Noncontrolling Interests | 78.80 | 70.70 | 61 | 72.10 |
| Net Income Discontinuous Operations | 0.70 | 0 | 0.30 | 0.10 |
| Net Income Continuous Operations | 78.10 | 70.70 | 60.70 | 72 |
| Other Income Expense | -0.30 | -0.20 | -0.50 | 0.10 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.30 | -0.20 | -0.50 | 0.10 |
| Net Non Operating Interest Income Expense | -1.10 | -1.10 | -0.20 | -0.10 |
| Interest Expense Non Operating | 1.10 | 1.10 | 0.20 | 0.10 |
| Operating Revenue | 1,166.10 | 1,274.30 | 1,315.90 | 1,379.10 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Global Industrial Companythis co. | GIC | $1.2B | 17.62↓ discount | 3.97 | 23.0% | 12.16 |
| TETRA Technologies, Inc. | TTI | $1.3B | 323.33 | 4.58 | 1.1% | 15.08 |
| Eastman Kodak Company | KODK | $1.3B | - | 2.13 | -18.0% | 6.74 |
| Evolv Technologies Holdings, Inc. | EVLV | $1.3B | - | 10.32 | -27.7% | -140.63 |
| PROG Holdings, Inc. | PRG | $1.3B |
| 8.58 |
| 1.69 |
| 19.7% |
| 0.85 |
| Distribution Solutions Group, Inc. | DSGR | $1.2B | 149.72 | 1.92 | 1.3% | 12.46 |
| ICF International, Inc. | ICFI | $1.2B | 13.85 | 1.22 | 8.9% | 8.94 |
| Marten Transport, Ltd. | MRTN | $1.2B | 69.22 | 1.57 | 2.3% | 10.02 |
| Lindsay Corporation | LNN | $1.2B | 15.37 | 2.14 | 13.9% | 8.73 |
| Peer Median | - | 42.30 | 2.02 | 1.8% | 8.84 | |