Global Industrial Co (GIC) - Net Assets
Based on the latest financial reports, Global Industrial Co (GIC) has net assets worth $319.90 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($581.10 Million) and total liabilities ($261.20 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Global Industrial Co to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $319.90 Million |
| % of Total Assets | 55.05% |
| Annual Growth Rate | 2.39% |
| 5-Year Change | 103.91% |
| 10-Year Change | 46.08% |
| Growth Volatility | 20.8 |
Global Industrial Co - Net Assets Trend (1995–2025)
This chart illustrates how Global Industrial Co's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Global Industrial Co for the complete picture of this company's asset base.
Annual Net Assets for Global Industrial Co (1995–2025)
The table below shows the annual net assets of Global Industrial Co from 1995 to 2025. For live valuation and market cap data, see Global Industrial Co (GIC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $313.20 Million | +11.42% |
| 2024-12-31 | $281.10 Million | +10.15% |
| 2023-12-31 | $255.20 Million | +21.29% |
| 2022-12-31 | $210.40 Million | +36.98% |
| 2021-12-31 | $153.60 Million | +43.82% |
| 2020-12-31 | $106.80 Million | -39.15% |
| 2019-12-31 | $175.50 Million | +27.45% |
| 2018-12-31 | $137.70 Million | -34.99% |
| 2017-12-31 | $211.80 Million | -1.21% |
| 2016-12-31 | $214.40 Million | -15.56% |
| 2015-12-31 | $253.90 Million | -29.39% |
| 2014-12-31 | $359.60 Million | -11.47% |
| 2013-12-31 | $406.20 Million | -8.98% |
| 2012-12-31 | $446.30 Million | -1.76% |
| 2011-12-31 | $454.29 Million | +11.00% |
| 2010-12-31 | $409.27 Million | +12.23% |
| 2009-12-31 | $364.69 Million | +9.20% |
| 2008-12-31 | $333.95 Million | -0.56% |
| 2007-12-31 | $335.83 Million | +16.01% |
| 2006-12-31 | $289.49 Million | +24.33% |
| 2005-12-31 | $232.84 Million | +2.79% |
| 2004-12-31 | $226.52 Million | +6.56% |
| 2003-12-31 | $212.57 Million | +5.28% |
| 2002-12-31 | $201.92 Million | -20.80% |
| 2001-12-31 | $254.95 Million | -0.28% |
| 2000-12-31 | $255.67 Million | -17.07% |
| 1999-12-31 | $308.30 Million | +7.57% |
| 1998-12-31 | $286.60 Million | +5.29% |
| 1997-12-31 | $272.20 Million | +19.07% |
| 1996-12-31 | $228.60 Million | +48.44% |
| 1995-12-31 | $154.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Industrial Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 718.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $120.30 Million | 38.41% |
| Common Stock | $400.00K | 0.13% |
| Other Comprehensive Income | $1.80 Million | 0.57% |
| Other Components | $190.70 Million | 60.89% |
| Total Equity | $313.20 Million | 100.00% |
Global Industrial Co Competitors by Market Cap
The table below lists competitors of Global Industrial Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Changgao High Voltage Switchgear Group Co Ltd
SHE:002452
|
$1.12 Billion |
|
Shenzhen Coship Electronics Co Ltd
SHE:002052
|
$1.12 Billion |
|
Smartgroup Corporation Ltd
AU:SIQ
|
$1.12 Billion |
|
Kingenta Ecological Engineering Group Co Ltd
SHE:002470
|
$1.12 Billion |
|
Insigma
SHG:600797
|
$1.12 Billion |
|
Srisawad Power 1979 PCL
BK:SAWAD
|
$1.12 Billion |
|
Shen Zhen Bauing Construction Holding Group Co Ltd
SHE:002047
|
$1.12 Billion |
|
Central Plains Environment Protection Co Ltd
SHE:000544
|
$1.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Industrial Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 281,100,000 to 313,200,000, a change of 32,100,000 (11.4%).
- Net income of 72,100,000 contributed positively to equity growth.
- Dividend payments of 40,300,000 reduced retained earnings.
- Share repurchases of 9,100,000 reduced equity.
- New share issuances of 2,700,000 increased equity.
- Other comprehensive income increased equity by 400,000.
- Other factors increased equity by 6,300,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $72.10 Million | +23.02% |
| Dividends Paid | $40.30 Million | -12.87% |
| Share Repurchases | $9.10 Million | -2.91% |
| Share Issuances | $2.70 Million | +0.86% |
| Other Comprehensive Income | $400.00K | +0.13% |
| Other Changes | $6.30 Million | +2.01% |
| Total Change | $- | 11.42% |
Book Value vs Market Value Analysis
This analysis compares Global Industrial Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.51x to 3.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $4.01 | $30.13 | x |
| 1996-12-31 | $6.02 | $30.13 | x |
| 1997-12-31 | $7.16 | $30.13 | x |
| 1998-12-31 | $7.70 | $30.13 | x |
| 1999-12-31 | $8.65 | $30.13 | x |
| 2000-12-31 | $7.46 | $30.13 | x |
| 2001-12-31 | $7.81 | $30.13 | x |
| 2002-12-31 | $5.90 | $30.13 | x |
| 2003-12-31 | $6.09 | $30.13 | x |
| 2004-12-31 | $6.38 | $30.13 | x |
| 2005-12-31 | $6.38 | $30.13 | x |
| 2006-12-31 | $7.85 | $30.13 | x |
| 2007-12-31 | $8.91 | $30.13 | x |
| 2008-12-31 | $8.86 | $30.13 | x |
| 2009-12-31 | $9.77 | $30.13 | x |
| 2010-12-31 | $10.88 | $30.13 | x |
| 2011-12-31 | $12.25 | $30.13 | x |
| 2012-12-31 | $12.09 | $30.13 | x |
| 2013-12-31 | $10.98 | $30.13 | x |
| 2014-12-31 | $9.69 | $30.13 | x |
| 2015-12-31 | $6.84 | $30.13 | x |
| 2016-12-31 | $5.76 | $30.13 | x |
| 2017-12-31 | $5.63 | $30.13 | x |
| 2018-12-31 | $3.63 | $30.13 | x |
| 2019-12-31 | $4.66 | $30.13 | x |
| 2020-12-31 | $2.83 | $30.13 | x |
| 2021-12-31 | $4.04 | $30.13 | x |
| 2022-12-31 | $5.52 | $30.13 | x |
| 2023-12-31 | $6.68 | $30.13 | x |
| 2024-12-31 | $7.32 | $30.13 | x |
| 2025-12-31 | $8.16 | $30.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Industrial Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.23%
- • Asset Turnover: 2.37x
- • Equity Multiplier: 1.85x
- Recent ROE (23.02%) is above the historical average (16.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 23.18% | 5.63% | 2.56x | 1.61x | $20.30 Million |
| 1996 | 19.12% | 4.79% | 2.75x | 1.45x | $20.84 Million |
| 1997 | 14.25% | 3.39% | 2.87x | 1.47x | $11.58 Million |
| 1998 | 14.41% | 2.88% | 3.16x | 1.59x | $12.64 Million |
| 1999 | 11.68% | 2.05% | 3.19x | 1.78x | $5.17 Million |
| 2000 | -15.95% | -2.42% | 3.13x | 2.10x | $-66.34 Million |
| 2001 | 0.26% | 0.04% | 3.40x | 1.78x | $-24.84 Million |
| 2002 | -29.19% | -3.80% | 3.54x | 2.17x | $-79.13 Million |
| 2003 | 2.64% | 0.34% | 3.72x | 2.10x | $-15.65 Million |
| 2004 | 5.54% | 0.65% | 3.98x | 2.14x | $-10.10 Million |
| 2005 | 4.91% | 0.54% | 4.19x | 2.17x | $-11.84 Million |
| 2006 | 15.60% | 1.93% | 4.01x | 2.02x | $16.20 Million |
| 2007 | 20.69% | 2.50% | 4.13x | 2.01x | $35.90 Million |
| 2008 | 15.82% | 1.74% | 4.31x | 2.11x | $19.45 Million |
| 2009 | 12.66% | 1.46% | 3.88x | 2.24x | $9.72 Million |
| 2010 | 10.40% | 1.19% | 4.02x | 2.18x | $1.62 Million |
| 2011 | 11.98% | 1.48% | 4.14x | 1.96x | $8.98 Million |
| 2012 | -1.86% | -0.23% | 3.63x | 2.19x | $-52.93 Million |
| 2013 | -10.78% | -1.31% | 3.56x | 2.32x | $-84.42 Million |
| 2014 | -10.43% | -1.09% | 3.85x | 2.49x | $-73.46 Million |
| 2015 | -39.31% | -5.38% | 2.61x | 2.80x | $-125.19 Million |
| 2016 | -15.21% | -1.94% | 2.97x | 2.64x | $-54.04 Million |
| 2017 | 19.07% | 3.19% | 2.29x | 2.60x | $19.22 Million |
| 2018 | 163.18% | 25.05% | 1.69x | 3.85x | $210.93 Million |
| 2019 | 27.64% | 5.12% | 2.39x | 2.26x | $30.95 Million |
| 2020 | 61.24% | 6.36% | 2.74x | 3.51x | $54.72 Million |
| 2021 | 67.25% | 9.72% | 2.62x | 2.64x | $87.94 Million |
| 2022 | 37.45% | 6.76% | 2.56x | 2.16x | $57.76 Million |
| 2023 | 27.70% | 5.55% | 2.48x | 2.01x | $45.18 Million |
| 2024 | 21.70% | 4.64% | 2.53x | 1.85x | $32.89 Million |
| 2025 | 23.02% | 5.23% | 2.37x | 1.85x | $40.78 Million |
Industry Comparison
This section compares Global Industrial Co's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $1,246,676,959
- Average return on equity (ROE) among peers: 15.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Industrial Co (GIC) | $319.90 Million | 23.18% | 0.82x | $1.12 Billion |
| Applied Industrial Technologies (AIT) | $1.46 Billion | 23.77% | 0.88x | $11.42 Billion |
| Beacon Roofing Supply Inc (BECN) | $1.82 Billion | 23.86% | 2.40x | $7.72 Billion |
| BlueLinx Holdings Inc (BXC) | $183.85 Million | 24.26% | 5.30x | $392.93 Million |
| Core & Main Inc (CNM) | $2.41 Billion | 15.19% | 1.04x | $9.29 Billion |
| Now Inc (DNOW) | $2.24 Billion | -3.98% | 0.75x | $2.39 Billion |
| Distribution Solutions Group Inc (DSGR) | $131.20 Million | 15.63% | 0.28x | $1.25 Billion |
| DXP Enterprises Inc (DXPE) | $268.55 Million | 6.29% | 1.38x | $2.23 Billion |
| EVI Industries Inc (EVI) | $106.74 Million | 7.85% | 0.68x | $221.18 Million |
| Fastenal Company (FAST) | $13.30 Million | 24.06% | 0.24x | $50.71 Billion |
| Ferguson Plc (FERG) | $3.83 Billion | 22.72% | 1.81x | $46.12 Billion |
About Global Industrial Co
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. 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, … Read more