{
 "company": "Graco",
 "ticker": "GGG",
 "sector": "tools and industrial",
 "fiscalYearEnd": null,
 "revenueUsdM": 2236.6,
 "normalizedSga": {
  "pctRevenue": 21.47,
  "peerCount": 10,
  "peerMedianPctRevenue": 18.9,
  "peerLeanQuartilePctRevenue": 16.8,
  "peers": [
   {
    "ticker": "SNA",
    "name": "Snap-on",
    "normalizedSgaPctRevenue": 21.79
   },
   {
    "ticker": "KMT",
    "name": "Kennametal",
    "normalizedSgaPctRevenue": 19.65
   },
   {
    "ticker": "EPAC",
    "name": "Enerpac",
    "normalizedSgaPctRevenue": 27.05
   },
   {
    "ticker": "SWK",
    "name": "Stanley Black & Decker",
    "normalizedSgaPctRevenue": 18.99
   },
   {
    "ticker": "IR",
    "name": "Ingersoll Rand",
    "normalizedSgaPctRevenue": 17.32
   },
   {
    "ticker": "LECO",
    "name": "Lincoln Electric",
    "normalizedSgaPctRevenue": 16.84
   },
   {
    "ticker": "ITW",
    "name": "Illinois Tool Works",
    "normalizedSgaPctRevenue": 15.44
   },
   {
    "ticker": "TKR",
    "name": "Timken",
    "normalizedSgaPctRevenue": 16.33
   },
   {
    "ticker": "MAS",
    "name": "Masco",
    "normalizedSgaPctRevenue": 18.86
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 3.68,
   "companiesDisclosing": 8,
   "peersDisclosing": [
    {
     "ticker": "SNA",
     "pctRevenue": 1.4
    },
    {
     "ticker": "KMT",
     "pctRevenue": 2.26
    },
    {
     "ticker": "EPAC",
     "pctRevenue": 2.35
    },
    {
     "ticker": "SWK",
     "pctRevenue": 2.12
    },
    {
     "ticker": "IR",
     "pctRevenue": 1.49
    },
    {
     "ticker": "LECO",
     "pctRevenue": 2.02
    },
    {
     "ticker": "ITW",
     "pctRevenue": 1.88
    }
   ],
   "note": "Heavier than the peer norm."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 1.53,
   "companiesDisclosing": 10,
   "peersDisclosing": [
    {
     "ticker": "SNA",
     "pctRevenue": 0.56
    },
    {
     "ticker": "KMT",
     "pctRevenue": 1.12
    },
    {
     "ticker": "EPAC",
     "pctRevenue": 2.11
    },
    {
     "ticker": "SWK",
     "pctRevenue": 0.62
    },
    {
     "ticker": "IR",
     "pctRevenue": 0.69
    },
    {
     "ticker": "LECO",
     "pctRevenue": 0.48
    },
    {
     "ticker": "ITW",
     "pctRevenue": 0.43
    },
    {
     "ticker": "TKR",
     "pctRevenue": 0.62
    },
    {
     "ticker": "MAS",
     "pctRevenue": 0.4
    }
   ],
   "note": "Above the peer median; equity compensation adds to the overhead load."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 10,
   "peersDisclosing": [
    {
     "ticker": "SNA",
     "pctRevenue": 0.0
    },
    {
     "ticker": "KMT",
     "pctRevenue": 0.6
    },
    {
     "ticker": "EPAC",
     "pctRevenue": 0.96
    },
    {
     "ticker": "SWK",
     "pctRevenue": 0.59
    },
    {
     "ticker": "IR",
     "pctRevenue": 0.67
    },
    {
     "ticker": "LECO",
     "pctRevenue": 0.4
    },
    {
     "ticker": "ITW",
     "pctRevenue": 0.0
    },
    {
     "ticker": "TKR",
     "pctRevenue": 0.45
    },
    {
     "ticker": "MAS",
     "pctRevenue": 0.0
    }
   ],
   "note": "$0M of filed restructuring charges run below the typical peer, counted wherever they sit on the P&L; every peer in this cohort books restructuring outside the SG&A line."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 57,
   "bps": 255
  },
  "toLeanQuartile": {
   "usdM": 101,
   "bps": 451
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 0,
   "peerTsrPct": 4,
   "driverPp": {
    "Revenue growth": 4.7,
    "Gross margin": 5,
    "SG&A": 5,
    "Multiple": -16.5,
    "Other": -1.6
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 29,
   "peerTsrPct": 47,
   "driverPp": {
    "Revenue growth": 1.3,
    "Gross margin": -15.2,
    "SG&A": -2.4,
    "Multiple": 4.8,
    "Other": -6.4
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 22,
   "peerTsrPct": 51,
   "driverPp": {
    "Revenue growth": -2.6,
    "Gross margin": -20.1,
    "SG&A": 6.2,
    "Multiple": -6.4,
    "Other": -6.2
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 237,
   "peerTsrPct": 147,
   "driverPp": {
    "Revenue growth": -4.7,
    "Gross margin": 13.6,
    "SG&A": 134.6,
    "Multiple": -98.4,
    "Other": 45.0
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/GGG",
  "json": "https://sgabenchmarking.com/r/GGG.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}