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Global Industrial Company

Rank #19Capital Return

GIC · NYSE · Industrials

Global Industrial Company (GIC) — Rank #19 by gross profitability (GP/assets 0.78) · ROE 21.0% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0000945114 · all metrics point-in-time as of the filing date.

About

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.

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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.

Industry
Industrial Distribution
Sector
Industrials
State
DE
Filer Category
Accelerated filer
Fiscal Year End
December 31

Price History

GIC+19.1% · +3.6% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$1.51B

P/E (annual)

21.3

P/S (annual)

1.1

P/B

4.4

P/OCF (annual)

19.4

Shareholder Yield

2.7%

Employees

1,980

Industry

Industrial Distribution

Exchange

NYSE

Signal Flags

3 green
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak

Quality Profile

Profitability

1/1 pass
GP / assets
0.78
Return on equity
21.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.83
Current ratio
2.24×
Net cash
$86.70M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.5%

Growth

2/2 pass
Revenue growth
4.8%
Piotroski F-Score
N/A
Share dilution
0.0%

Terry Smith quality gate

Passes 2/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

7.9%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.0% — per-share value needs a total required return of 7.9% once share-count change is priced in.

vs. own 6-year median revenue growth: 6.7%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

3.6%

r = 10% (base)

7.9%

r = 12%

11.6%

Net debt / market cap: -5.7%

Base FCF: $74.7M3Y mean FCF: $76.6M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

17.8xFair
3.5xmed 15.3x24.3x

P / S

Price / revenue per share

0.9xFair
0.7xmed 1.0x1.4x

P / B

Price / book value per share

4.0xFair
3.3xmed 4.6x13.4x

P / GP

Price / gross profit per share

2.6xFair
1.9xmed 2.7x4.0x

P / FCF

Price / free cash flow per share

17.0xFair
10.2xmed 18.9x26.6x

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.78

Primary signal (Novy-Marx).

1st of 9 SIC 50 peers

Return on equity

21.0%

Gross margin

35.5%

2nd of 9 SIC 50 peers

Revenue growth (YoY)

4.8%

RPO growth (YoY)

-26.8%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

5.8%

Revenue CAGR (5Y)

6.0%

Earnings CAGR (3Y)

-2.9%

FCF CAGR (3Y)

20.4%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.83

4th of 9 SIC 50 peers (best = lowest)

Current ratio

2.24×

5th of 9 SIC 50 peers

Quick ratio

1.37×

Net cash

$86.70M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$74.70M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.04

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.5%

Stock-based comp intensity.

Dividend safety

Composite score

2.5 / 5

Fair
Payout ratio
55.9%3/5 Good
FCF coverage
1.85×3/5 Good
Dividend growth streak
3 yr2/5 Fair
Balance-sheet health
D/E 0.83 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Capital Return
View full financial statements →