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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) and WAFD INC (WAFD). Click either name above to swap in a different company.

GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $191.4M, roughly 1.8× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 4.2%, a 29.3% gap on every dollar of revenue. On growth, GLOBAL INDUSTRIAL Co posted the faster year-over-year revenue change (14.3% vs 11.8%). WAFD INC produced more free cash flow last quarter ($50.0M vs $19.2M). Over the past eight quarters, WAFD INC's revenue compounded faster (5.5% CAGR vs 3.4%).

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

GIC vs WAFD — Head-to-Head

Bigger by revenue
GIC
GIC
1.8× larger
GIC
$345.6M
$191.4M
WAFD
Growing faster (revenue YoY)
GIC
GIC
+2.5% gap
GIC
14.3%
11.8%
WAFD
Higher net margin
WAFD
WAFD
29.3% more per $
WAFD
33.5%
4.2%
GIC
More free cash flow
WAFD
WAFD
$30.8M more FCF
WAFD
$50.0M
$19.2M
GIC
Faster 2-yr revenue CAGR
WAFD
WAFD
Annualised
WAFD
5.5%
3.4%
GIC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GIC
GIC
WAFD
WAFD
Revenue
$345.6M
$191.4M
Net Profit
$14.6M
$64.2M
Gross Margin
34.5%
Operating Margin
5.7%
43.0%
Net Margin
4.2%
33.5%
Revenue YoY
14.3%
11.8%
Net Profit YoY
36.4%
35.8%
EPS (diluted)
$0.37
$0.79

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
GIC
GIC
WAFD
WAFD
Q4 25
$345.6M
$191.4M
Q3 25
$353.6M
$188.3M
Q2 25
$358.9M
$186.3M
Q1 25
$321.0M
$179.8M
Q4 24
$302.3M
$171.1M
Q3 24
$342.4M
$188.7M
Q2 24
$347.8M
$194.4M
Q1 24
$323.4M
$172.0M
Net Profit
GIC
GIC
WAFD
WAFD
Q4 25
$14.6M
$64.2M
Q3 25
$18.8M
$60.6M
Q2 25
$25.1M
$62.0M
Q1 25
$13.6M
$56.3M
Q4 24
$10.7M
$47.3M
Q3 24
$16.8M
$61.1M
Q2 24
$20.3M
$64.6M
Q1 24
$13.2M
$15.9M
Gross Margin
GIC
GIC
WAFD
WAFD
Q4 25
34.5%
Q3 25
35.6%
Q2 25
37.1%
Q1 25
34.9%
Q4 24
33.8%
Q3 24
34.0%
Q2 24
35.2%
Q1 24
34.3%
Operating Margin
GIC
GIC
WAFD
WAFD
Q4 25
5.7%
43.0%
Q3 25
7.4%
41.2%
Q2 25
9.3%
42.8%
Q1 25
5.7%
40.1%
Q4 24
4.8%
35.2%
Q3 24
6.5%
42.8%
Q2 24
7.6%
42.6%
Q1 24
5.4%
12.2%
Net Margin
GIC
GIC
WAFD
WAFD
Q4 25
4.2%
33.5%
Q3 25
5.3%
32.2%
Q2 25
7.0%
33.3%
Q1 25
4.2%
31.3%
Q4 24
3.5%
27.6%
Q3 24
4.9%
32.4%
Q2 24
5.8%
33.2%
Q1 24
4.1%
9.2%
EPS (diluted)
GIC
GIC
WAFD
WAFD
Q4 25
$0.37
$0.79
Q3 25
$0.48
$0.71
Q2 25
$0.65
$0.73
Q1 25
$0.35
$0.65
Q4 24
$0.28
$0.54
Q3 24
$0.44
$0.73
Q2 24
$0.52
$0.75
Q1 24
$0.34
$0.17

Balance Sheet & Financial Strength

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

Metric
GIC
GIC
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$67.5M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$313.2M
$3.0B
Total Assets
$580.8M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIC
GIC
WAFD
WAFD
Q4 25
$67.5M
$734.9M
Q3 25
$67.2M
$657.3M
Q2 25
$55.1M
$809.3M
Q1 25
$39.0M
$1.2B
Q4 24
$44.6M
$1.5B
Q3 24
$38.9M
$2.4B
Q2 24
$38.8M
$2.5B
Q1 24
$29.9M
$1.5B
Stockholders' Equity
GIC
GIC
WAFD
WAFD
Q4 25
$313.2M
$3.0B
Q3 25
$316.0M
$3.0B
Q2 25
$305.2M
$3.0B
Q1 25
$287.9M
$3.0B
Q4 24
$281.1M
$3.0B
Q3 24
$279.2M
$3.0B
Q2 24
$270.4M
$3.0B
Q1 24
$260.2M
$2.9B
Total Assets
GIC
GIC
WAFD
WAFD
Q4 25
$580.8M
$27.3B
Q3 25
$602.5M
$26.7B
Q2 25
$586.5M
$26.7B
Q1 25
$536.7M
$27.6B
Q4 24
$520.7M
$27.7B
Q3 24
$531.6M
$28.1B
Q2 24
$542.5M
$28.6B
Q1 24
$517.4M
$30.1B

Cash Flow & Capital Efficiency

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

Metric
GIC
GIC
WAFD
WAFD
Operating Cash FlowLast quarter
$20.0M
$60.5M
Free Cash FlowOCF − Capex
$19.2M
$50.0M
FCF MarginFCF / Revenue
5.6%
26.1%
Capex IntensityCapex / Revenue
0.2%
5.5%
Cash ConversionOCF / Net Profit
1.37×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$74.7M
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIC
GIC
WAFD
WAFD
Q4 25
$20.0M
$60.5M
Q3 25
$22.7M
$237.0M
Q2 25
$31.7M
$58.0M
Q1 25
$3.4M
$72.1M
Q4 24
$15.9M
$49.4M
Q3 24
$9.6M
$439.2M
Q2 24
$18.8M
$63.1M
Q1 24
$6.4M
$169.2M
Free Cash Flow
GIC
GIC
WAFD
WAFD
Q4 25
$19.2M
$50.0M
Q3 25
$22.0M
$208.2M
Q2 25
$30.3M
$53.1M
Q1 25
$3.2M
$66.6M
Q4 24
$15.2M
$43.0M
Q3 24
$8.7M
$414.6M
Q2 24
$17.9M
$58.3M
Q1 24
$5.1M
$164.8M
FCF Margin
GIC
GIC
WAFD
WAFD
Q4 25
5.6%
26.1%
Q3 25
6.2%
110.6%
Q2 25
8.4%
28.5%
Q1 25
1.0%
37.0%
Q4 24
5.0%
25.1%
Q3 24
2.5%
219.7%
Q2 24
5.1%
30.0%
Q1 24
1.6%
95.8%
Capex Intensity
GIC
GIC
WAFD
WAFD
Q4 25
0.2%
5.5%
Q3 25
0.2%
15.2%
Q2 25
0.4%
2.6%
Q1 25
0.1%
3.1%
Q4 24
0.2%
3.8%
Q3 24
0.3%
13.1%
Q2 24
0.3%
2.5%
Q1 24
0.4%
2.6%
Cash Conversion
GIC
GIC
WAFD
WAFD
Q4 25
1.37×
0.94×
Q3 25
1.21×
3.91×
Q2 25
1.26×
0.94×
Q1 25
0.25×
1.28×
Q4 24
1.49×
1.05×
Q3 24
0.57×
7.18×
Q2 24
0.93×
0.98×
Q1 24
0.48×
10.65×

Financial Flow Comparison

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

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