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Side-by-side financial comparison of Amgen (AMGN) and W. W. Grainger (GWW). Click either name above to swap in a different company.

Amgen is the larger business by last-quarter revenue ($8.6B vs $4.7B, roughly 1.8× W. W. Grainger). Amgen runs the higher net margin — 21.1% vs 11.7%, a 9.4% gap on every dollar of revenue. On growth, W. W. Grainger posted the faster year-over-year revenue change (10.1% vs 5.8%). W. W. Grainger produced more free cash flow last quarter ($569.0M vs $1.5M). Over the past eight quarters, W. W. Grainger's revenue compounded faster (4.9% CAGR vs 1.4%).

Amgen Inc. is an American multinational biopharmaceutical company headquartered in Thousand Oaks, California. The company is ranked 18th on the list of largest biomedical companies by revenue. The name "AMGen" is a portmanteau of the company's original name, Applied Molecular Genetics.

W. W. Grainger, Inc. is an American Fortune 500 industrial supply company founded in 1927 in Chicago by the company's namesake William W. (Bill) Grainger. He founded the company to provide consumers with access to a consistent supply of motors. The company now serves more than 4.5 million customers worldwide with offerings such as motors, lighting, material handling, fasteners, plumbing, tools, and safety supplies, along with inventory management services and technical support.

AMGN vs GWW — Head-to-Head

Bigger by revenue
AMGN
AMGN
1.8× larger
AMGN
$8.6B
$4.7B
GWW
Growing faster (revenue YoY)
GWW
GWW
+4.3% gap
GWW
10.1%
5.8%
AMGN
Higher net margin
AMGN
AMGN
9.4% more per $
AMGN
21.1%
11.7%
GWW
More free cash flow
GWW
GWW
$567.5M more FCF
GWW
$569.0M
$1.5M
AMGN
Faster 2-yr revenue CAGR
GWW
GWW
Annualised
GWW
4.9%
1.4%
AMGN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AMGN
AMGN
GWW
GWW
Revenue
$8.6B
$4.7B
Net Profit
$1.8B
$555.0M
Gross Margin
68.2%
40.0%
Operating Margin
30.9%
16.7%
Net Margin
21.1%
11.7%
Revenue YoY
5.8%
10.1%
Net Profit YoY
15.9%
EPS (diluted)
$3.34
$11.65

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMGN
AMGN
GWW
GWW
Q1 26
$8.6B
$4.7B
Q4 25
$9.9B
$4.4B
Q3 25
$9.6B
$4.7B
Q2 25
$9.2B
$4.6B
Q1 25
$8.1B
$4.3B
Q4 24
$9.1B
$4.2B
Q3 24
$8.5B
$4.4B
Q2 24
$8.4B
$4.3B
Net Profit
AMGN
AMGN
GWW
GWW
Q1 26
$1.8B
$555.0M
Q4 25
$1.3B
$451.0M
Q3 25
$3.2B
$294.0M
Q2 25
$1.4B
$482.0M
Q1 25
$1.7B
$479.0M
Q4 24
$627.0M
$475.0M
Q3 24
$2.8B
$486.0M
Q2 24
$746.0M
$470.0M
Gross Margin
AMGN
AMGN
GWW
GWW
Q1 26
68.2%
40.0%
Q4 25
69.8%
39.5%
Q3 25
67.8%
38.6%
Q2 25
67.2%
38.5%
Q1 25
63.6%
39.7%
Q4 24
65.7%
39.6%
Q3 24
61.1%
39.2%
Q2 24
61.4%
39.3%
Operating Margin
AMGN
AMGN
GWW
GWW
Q1 26
30.9%
16.7%
Q4 25
27.6%
14.3%
Q3 25
26.4%
11.0%
Q2 25
28.9%
14.9%
Q1 25
14.5%
15.6%
Q4 24
25.4%
15.0%
Q3 24
24.1%
15.6%
Q2 24
22.8%
15.1%
Net Margin
AMGN
AMGN
GWW
GWW
Q1 26
21.1%
11.7%
Q4 25
13.5%
10.2%
Q3 25
33.7%
6.3%
Q2 25
15.6%
10.6%
Q1 25
21.2%
11.1%
Q4 24
6.9%
11.2%
Q3 24
33.3%
11.1%
Q2 24
8.9%
10.9%
EPS (diluted)
AMGN
AMGN
GWW
GWW
Q1 26
$3.34
$11.65
Q4 25
$2.45
$9.45
Q3 25
$5.93
$6.12
Q2 25
$2.65
$9.97
Q1 25
$3.20
$9.86
Q4 24
$1.17
$9.71
Q3 24
$5.22
$9.87
Q2 24
$1.38
$9.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMGN
AMGN
GWW
GWW
Cash + ST InvestmentsLiquidity on hand
$12.0M
$695.0M
Total DebtLower is stronger
$57.3B
$2.4B
Stockholders' EquityBook value
$9.2B
$4.3B
Total Assets
$92.5B
$9.5B
Debt / EquityLower = less leverage
6.24×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMGN
AMGN
GWW
GWW
Q1 26
$12.0M
$695.0M
Q4 25
$9.1B
$585.0M
Q3 25
$9.4B
$535.0M
Q2 25
$8.0B
$597.0M
Q1 25
$8.8B
$666.0M
Q4 24
$12.0B
$1.0B
Q3 24
$9.0B
$1.4B
Q2 24
$9.3B
$769.0M
Total Debt
AMGN
AMGN
GWW
GWW
Q1 26
$57.3B
$2.4B
Q4 25
$54.6B
$2.5B
Q3 25
$54.6B
$2.4B
Q2 25
$56.2B
$2.3B
Q1 25
$57.4B
$2.3B
Q4 24
$60.1B
$2.8B
Q3 24
$60.4B
$2.3B
Q2 24
$62.6B
$1.8B
Stockholders' Equity
AMGN
AMGN
GWW
GWW
Q1 26
$9.2B
$4.3B
Q4 25
$8.7B
$3.7B
Q3 25
$9.6B
$3.6B
Q2 25
$7.4B
$3.7B
Q1 25
$6.2B
$3.5B
Q4 24
$5.9B
$3.4B
Q3 24
$7.5B
$3.5B
Q2 24
$5.9B
$3.3B
Total Assets
AMGN
AMGN
GWW
GWW
Q1 26
$92.5B
$9.5B
Q4 25
$90.6B
$9.0B
Q3 25
$90.1B
$8.8B
Q2 25
$87.9B
$8.9B
Q1 25
$89.4B
$8.7B
Q4 24
$91.8B
$8.8B
Q3 24
$90.9B
$9.1B
Q2 24
$90.9B
$8.4B
Debt / Equity
AMGN
AMGN
GWW
GWW
Q1 26
6.24×
0.55×
Q4 25
6.31×
0.67×
Q3 25
5.67×
0.67×
Q2 25
7.57×
0.64×
Q1 25
9.24×
0.66×
Q4 24
10.23×
0.83×
Q3 24
8.02×
0.65×
Q2 24
10.57×
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMGN
AMGN
GWW
GWW
Operating Cash FlowLast quarter
$2.2B
$739.0M
Free Cash FlowOCF − Capex
$1.5M
$569.0M
FCF MarginFCF / Revenue
0.0%
12.0%
Capex IntensityCapex / Revenue
0.0%
3.6%
Cash ConversionOCF / Net Profit
1.20×
1.33×
TTM Free Cash FlowTrailing 4 quarters
$7.1B
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMGN
AMGN
GWW
GWW
Q1 26
$2.2B
$739.0M
Q4 25
$1.6B
$395.0M
Q3 25
$4.7B
$597.0M
Q2 25
$2.3B
$377.0M
Q1 25
$1.4B
$646.0M
Q4 24
$4.8B
$428.0M
Q3 24
$3.6B
$611.0M
Q2 24
$2.5B
$411.0M
Free Cash Flow
AMGN
AMGN
GWW
GWW
Q1 26
$1.5M
$569.0M
Q4 25
$961.0M
$269.0M
Q3 25
$4.2B
$339.0M
Q2 25
$1.9B
$202.0M
Q1 25
$980.0M
$521.0M
Q4 24
$4.4B
$170.0M
Q3 24
$3.3B
$523.0M
Q2 24
$2.2B
$335.0M
FCF Margin
AMGN
AMGN
GWW
GWW
Q1 26
0.0%
12.0%
Q4 25
9.7%
6.1%
Q3 25
44.4%
7.3%
Q2 25
20.8%
4.4%
Q1 25
12.0%
12.1%
Q4 24
48.4%
4.0%
Q3 24
39.0%
11.9%
Q2 24
26.5%
7.8%
Capex Intensity
AMGN
AMGN
GWW
GWW
Q1 26
0.0%
3.6%
Q4 25
6.5%
2.8%
Q3 25
4.6%
5.5%
Q2 25
4.0%
3.8%
Q1 25
5.0%
2.9%
Q4 24
4.1%
6.1%
Q3 24
3.0%
2.0%
Q2 24
2.8%
1.8%
Cash Conversion
AMGN
AMGN
GWW
GWW
Q1 26
1.20×
1.33×
Q4 25
1.20×
0.88×
Q3 25
1.46×
2.03×
Q2 25
1.59×
0.78×
Q1 25
0.80×
1.35×
Q4 24
7.61×
0.90×
Q3 24
1.26×
1.26×
Q2 24
3.30×
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMGN
AMGN

Product sales$8.2B95%
Other revenues$400.0M5%

GWW
GWW

Segment breakdown not available.

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