# Global Industrial Company (GIC)

> Source: Nexqual · https://nexqual.com/GIC · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Global Industrial Company (GIC), nexqual.com/GIC" · informational, not investment advice.

**Price:** USD 44.46 (-1.00% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 44.91 · day 44.33–44.86 · 52w 26.4–45.19 · market cap $1.69B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.44B, net income $87.1M (6.1% margin), free cash flow $87.3M (SEC filings).
- Valuation: P/E 19.5x (avg 17.4x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $1.0M; 4 not under a Rule 10b5-1 plan ($1.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +32.1% vs S&P 500 +13.4%; 5Y +30.2% vs S&P 500 +76.9%.
- Next earnings: 2026-11-03, EPS estimate USD 0.52, revenue estimate $385M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.17B | $1.27B | $1.32B | $1.38B | $1.44B |
| Gross profit | $374M | $421M | $436M | $452M | $490M | — |
| Operating income | $88.0M | $105M | $96.5M | $80.5M | $97.6M | $116M |
| Net income | $103M | $78.8M | $70.7M | $61.0M | $72.1M | $87.1M |
| EPS (diluted) | $2.71 | $2.06 | $1.84 | $1.58 | $1.85 | — |
| Free cash flow | $46.4M | $42.8M | $108M | $46.9M | $74.7M | $87.3M |
| Gross margin | 35.2% | 36.1% | 34.2% | 34.3% | 35.5% | — |
| Operating margin | 8.3% | 9.0% | 7.6% | 6.1% | 7.1% | 8.1% |
| Net margin | 9.7% | 6.8% | 5.5% | 4.6% | 5.2% | 6.1% |
| Revenue growth | +3.3% | +9.7% | +9.3% | +3.3% | +4.8% | — |
| Cash + short-term investments | $15.4M | $28.5M | $34.4M | $44.6M | $67.5M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.5x · P/S 1.2x · P/FCF 19.4x · P/B 4.9x · FCF yield 5.15% · Earnings yield 5.14% · Dividend yield (paid, TTM) 2.47%
P/E at fiscal year-ends: Dec 2025 15.6x, Dec 2024 15.6x, Dec 2023 21.0x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-27…2026-08-28 | Hughes Claudia | SVP & Chief Sales Officer | 6,487 | $255K | 16.8% | No | Too little history (no open-market trades in 2023) |
| 2026-08-13 | Axmacher Thomas | VP & Controller | 952 | $37K | 12.9% | No | Too little history (no open-market trades in 2024) |
| 2026-08-06 | Axmacher Thomas | VP & Controller | 1,848 | $71K | 20.1% | No | Too little history (no open-market trades in 2024) |
| 2026-08-06 | Clark Thomas Eugene | SVP & Chief Financial Officer | 17,500 | $685K | 19.5% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Freedom Broker | Initiated | Hold | $39 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +32.1% | +30.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +32.3% | +5.4% |
| Volatility (annualized) | 32.5% | 37.0% |
| Max drawdown | -23.4% (Oct 2025→Nov 2025) | -51.4% (Mar 2024→Apr 2025) |

## Peers (Industrial Distribution)
DSGR (Distribution Solutions Group, I) USD 35.01 -0.17% · DXPE (DXP Enterprises, Inc.) USD 156.26 -0.89% · REZI (Resideo Technologies, Inc.) USD 17.86 +0.39% · DNOW (DNOW Inc.) USD 15.69 +1.82% · SITE (SiteOne Landscape Supply, Inc.) USD 103.16 -0.01% · BXC (Bluelinx Holdings Inc.) USD 76.75 -4.48%

## More
Full page: https://nexqual.com/GIC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GIC's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/945114/000162828026012945/gic-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Amazon (AMZN) | "We face competition from large diversified MRO distributors such as Uline Inc, Grainger Inc., MSC Industrial Direct Inc., Fastenal Inc., and other large retailers, including Amazon." |

Other companies that name GIC in their own reports (relationship from GIC's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | LSB INDUSTRIES, INC. (LXU) | 10-K 2026-02-26 | "In 2015, the Company received written notice from Global Industrial, Inc. ("Global") of Global's intention to assert mechanic liens for labor, service, or materials furnished under certain subcontract…" |

## Company outlook (8-K filed 2026-08-04)

- "Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections and are not guarantees of future performance."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.52 | $0.55 | -4.8% | $385.4M | 3 |
| Next quarter (ends 2026-12-31) | $0.37 | $0.41 | -8.9% | $348.9M | 3 |
| Current fiscal year (ends 2026-12-31) | $2.31 | $1.91 | +21.0% | $1.47B | 2 |
| Next fiscal year (ends 2027-12-31) | $2.16 | $2.21 | -2.3% | $1.54B | 3 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±10.8%; last 8 reports averaged ±13.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 27 | 48.2% | ±10.8% |
| 2026-12-18 | 55 | 36.4% | ±13.8% |
| 2027-03-19 | 146 | 38.8% | ±19.6% |
| 2027-06-17 | 236 | 38.0% | ±24.1% |