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

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $4.4B, roughly 1.8× W. W. Grainger). W. W. Grainger runs the higher net margin — 10.2% vs 6.4%, a 3.8% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 4.5%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 2.2%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

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.

ATHS vs GWW — Head-to-Head

Bigger by revenue
ATHS
ATHS
1.8× larger
ATHS
$8.1B
$4.4B
GWW
Growing faster (revenue YoY)
ATHS
ATHS
+110.5% gap
ATHS
115.1%
4.5%
GWW
Higher net margin
GWW
GWW
3.8% more per $
GWW
10.2%
6.4%
ATHS
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
2.2%
GWW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATHS
ATHS
GWW
GWW
Revenue
$8.1B
$4.4B
Net Profit
$523.0M
$451.0M
Gross Margin
39.5%
Operating Margin
16.9%
14.3%
Net Margin
6.4%
10.2%
Revenue YoY
115.1%
4.5%
Net Profit YoY
-48.5%
-5.1%
EPS (diluted)
$9.45

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
ATHS
ATHS
GWW
GWW
Q4 25
$8.1B
$4.4B
Q3 25
$8.0B
$4.7B
Q2 25
$5.4B
$4.6B
Q1 25
$4.2B
$4.3B
Q4 24
$3.8B
$4.2B
Q3 24
$6.5B
$4.4B
Q2 24
$4.7B
$4.3B
Q1 24
$5.7B
$4.2B
Net Profit
ATHS
ATHS
GWW
GWW
Q4 25
$523.0M
$451.0M
Q3 25
$1.3B
$294.0M
Q2 25
$464.0M
$482.0M
Q1 25
$465.0M
$479.0M
Q4 24
$1.0B
$475.0M
Q3 24
$625.0M
$486.0M
Q2 24
$629.0M
$470.0M
Q1 24
$1.2B
$478.0M
Gross Margin
ATHS
ATHS
GWW
GWW
Q4 25
39.5%
Q3 25
38.6%
Q2 25
38.5%
Q1 25
39.7%
Q4 24
39.6%
Q3 24
39.2%
Q2 24
39.3%
Q1 24
39.4%
Operating Margin
ATHS
ATHS
GWW
GWW
Q4 25
16.9%
14.3%
Q3 25
26.8%
11.0%
Q2 25
12.2%
14.9%
Q1 25
22.3%
15.6%
Q4 24
30.4%
15.0%
Q3 24
25.7%
15.6%
Q2 24
22.0%
15.1%
Q1 24
31.1%
15.8%
Net Margin
ATHS
ATHS
GWW
GWW
Q4 25
6.4%
10.2%
Q3 25
15.7%
6.3%
Q2 25
8.7%
10.6%
Q1 25
11.1%
11.1%
Q4 24
26.8%
11.2%
Q3 24
9.6%
11.1%
Q2 24
13.5%
10.9%
Q1 24
20.8%
11.3%
EPS (diluted)
ATHS
ATHS
GWW
GWW
Q4 25
$9.45
Q3 25
$6.12
Q2 25
$9.97
Q1 25
$9.86
Q4 24
$9.71
Q3 24
$9.87
Q2 24
$9.51
Q1 24
$9.62

Balance Sheet & Financial Strength

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

Metric
ATHS
ATHS
GWW
GWW
Cash + ST InvestmentsLiquidity on hand
$585.0M
Total DebtLower is stronger
$7.8B
$2.5B
Stockholders' EquityBook value
$20.5B
$3.7B
Total Assets
$442.2B
$9.0B
Debt / EquityLower = less leverage
0.38×
0.67×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
GWW
GWW
Q4 25
$585.0M
Q3 25
$535.0M
Q2 25
$597.0M
Q1 25
$666.0M
Q4 24
$1.0B
Q3 24
$1.4B
Q2 24
$769.0M
Q1 24
$15.3B
$804.0M
Total Debt
ATHS
ATHS
GWW
GWW
Q4 25
$7.8B
$2.5B
Q3 25
$7.9B
$2.4B
Q2 25
$7.9B
$2.3B
Q1 25
$6.3B
$2.3B
Q4 24
$6.3B
$2.8B
Q3 24
$5.7B
$2.3B
Q2 24
$5.7B
$1.8B
Q1 24
$5.7B
$1.8B
Stockholders' Equity
ATHS
ATHS
GWW
GWW
Q4 25
$20.5B
$3.7B
Q3 25
$20.4B
$3.6B
Q2 25
$18.1B
$3.7B
Q1 25
$17.5B
$3.5B
Q4 24
$16.4B
$3.4B
Q3 24
$17.4B
$3.5B
Q2 24
$15.0B
$3.3B
Q1 24
$14.8B
$3.2B
Total Assets
ATHS
ATHS
GWW
GWW
Q4 25
$442.2B
$9.0B
Q3 25
$429.9B
$8.8B
Q2 25
$405.3B
$8.9B
Q1 25
$381.5B
$8.7B
Q4 24
$363.3B
$8.8B
Q3 24
$355.0B
$9.1B
Q2 24
$332.6B
$8.4B
Q1 24
$320.6B
$8.4B
Debt / Equity
ATHS
ATHS
GWW
GWW
Q4 25
0.38×
0.67×
Q3 25
0.38×
0.67×
Q2 25
0.43×
0.64×
Q1 25
0.36×
0.66×
Q4 24
0.39×
0.83×
Q3 24
0.33×
0.65×
Q2 24
0.38×
0.54×
Q1 24
0.39×
0.56×

Cash Flow & Capital Efficiency

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

Metric
ATHS
ATHS
GWW
GWW
Operating Cash FlowLast quarter
$3.0B
$395.0M
Free Cash FlowOCF − Capex
$269.0M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
5.82×
0.88×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
GWW
GWW
Q4 25
$3.0B
$395.0M
Q3 25
$636.0M
$597.0M
Q2 25
$1.1B
$377.0M
Q1 25
$426.0M
$646.0M
Q4 24
$386.0M
$428.0M
Q3 24
$780.0M
$611.0M
Q2 24
$525.0M
$411.0M
Q1 24
$185.0M
$661.0M
Free Cash Flow
ATHS
ATHS
GWW
GWW
Q4 25
$269.0M
Q3 25
$339.0M
Q2 25
$202.0M
Q1 25
$521.0M
Q4 24
$170.0M
Q3 24
$523.0M
Q2 24
$335.0M
Q1 24
$542.0M
FCF Margin
ATHS
ATHS
GWW
GWW
Q4 25
6.1%
Q3 25
7.3%
Q2 25
4.4%
Q1 25
12.1%
Q4 24
4.0%
Q3 24
11.9%
Q2 24
7.8%
Q1 24
12.8%
Capex Intensity
ATHS
ATHS
GWW
GWW
Q4 25
2.8%
Q3 25
5.5%
Q2 25
3.8%
Q1 25
2.9%
Q4 24
6.1%
Q3 24
2.0%
Q2 24
1.8%
Q1 24
2.8%
Cash Conversion
ATHS
ATHS
GWW
GWW
Q4 25
5.82×
0.88×
Q3 25
0.51×
2.03×
Q2 25
2.28×
0.78×
Q1 25
0.92×
1.35×
Q4 24
0.38×
0.90×
Q3 24
1.25×
1.26×
Q2 24
0.83×
0.87×
Q1 24
0.16×
1.38×

Financial Flow Comparison

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

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