NYSE : GFF
Griffon Corporation — Financial statements
Industrials · Building Products & Equipment · United States
Last price 101.09 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.58B
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Financial statements
Griffon Corporation (GFF) reported revenue of 2.56B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.56B | 2.52B | 2.62B | 2.69B | 2.85B | 2.27B |
| Cost of Revenue | 1.50B | 1.46B | 1.57B | 1.65B | 1.90B | 1.62B |
| Gross Profit | 1.06B | 1.06B | 1.06B | 1.03B | 950.25M | 649.04M |
| Selling, General & Admin | 576.67M | 565.40M | 569.33M | 577.24M | 544.58M | 434.77M |
| Research & Development | 20.30M | 20.30M | 19.40M | 18.10M | 15.60M | 7.00M |
| Operating Expenses | 613.59M | 602.71M | 605.24M | 612.93M | 576.87M | 456.13M |
| Operating Income | 442.61M | 455.30M | 451.00M | 417.91M | 373.38M | 192.91M |
| Interest Expense | -87.50M | -96.01M | -104.09M | -101.44M | -84.38M | -63.17M |
| Interest & Investment Income | 2.97M | 2.15M | 2.43M | 2.09M | 215.00K | 440.00K |
| Currency Exchange Gain (Loss) | 637.00K | 474.00K | -333.00K | 302.00K | 305.00K | -81.00K |
| Other Non Operating Income (Expenses) | 3.89M | 1.74M | -8.51M | -17.20M | 2.54M | 998.00K |
| EBT Excluding Unusual Items | 362.60M | 363.65M | 340.50M | 301.66M | 292.07M | 131.09M |
| Merger & Restructuring Charges | -42.24M | -92.47M | -41.17M | -21.42M | ||
| Impairment of Goodwill | -136.61M | -342.03M | ||||
| Gain (Loss) on Sale of Investments | -1.15M | -948.00K | 148.00K | 469.00K | -225.00K | 283.00K |
| Gain (Loss) on Sale of Assets | 8.28M | 8.28M | -61.00K | 12.65M | ||
| Asset Writedown | -107.00M | -109.20M | -175.00M | |||
| Other Unusual Items | -1.39M | -1.70M | -437.00K | -4.53M | ||
| Pretax Income | 368.34M | 127.37M | 296.65M | 112.68M | -270.88M | 109.95M |
| Income Tax Expense | 148.70M | 76.26M | 86.75M | 35.06M | 16.84M | 39.65M |
| Earnings From Continuing Operations | 219.64M | 51.11M | 209.90M | 77.62M | -287.71M | 70.30M |
| Earnings From Discontinued Operations | -40.67M | 96.16M | 8.91M | |||
| Net Income | 178.97M | 51.11M | 209.90M | 77.62M | -191.56M | 79.21M |
| Net Income to Common | 178.97M | 51.11M | 209.90M | 77.62M | -191.56M | 79.21M |
| Shares Outstanding (Basic) | 44.54M | 45.35M | 47.57M | 52.11M | 51.67M | 50.83M |
| Shares Outstanding (Diluted) | 45.66M | 46.69M | 49.67M | 54.61M | 51.67M | 53.37M |
| EPS (Basic) | 4.02 | 1.13 | 4.41 | 1.49 | -3.71 | 1.56 |
| EPS (Diluted) | 3.91 | 1.09 | 4.23 | 1.42 | -3.71 | 1.49 |
| Free Cash Flow | 269.50M | 303.58M | 308.87M | 365.17M | 26.95M | 74.82M |
| Free Cash Flow Per Share | 5.90 | 6.50 | 6.22 | 6.69 | 0.52 | 1.40 |
| Dividend Per Share | 0.84 | 0.72 | 0.60 | 0.45 | 0.36 | 0.32 |
| Gross Margin | 41.30% | 41.99% | 40.26% | 38.39% | 33.36% | 28.58% |
| Operating Margin | 17.31% | 18.07% | 17.19% | 15.56% | 13.11% | 8.50% |
| Profit Margin | 7.00% | 2.03% | 8.00% | 2.89% | -6.73% | 3.49% |
| Free Cash Flow Margin | 10.54% | 12.05% | 11.77% | 13.60% | 0.95% | 3.29% |
| EBITDA | 506.73M | 518.31M | 511.70M | 483.36M | 438.04M | 245.21M |
| EBITDA Margin | 19.81% | 20.57% | 19.50% | 18.00% | 15.38% | 10.80% |
| D&A For EBITDA | 64.12M | 63.01M | 60.70M | 65.44M | 64.66M | 52.30M |
| EBIT | 442.61M | 455.30M | 451.00M | 417.91M | 373.38M | 192.91M |
| EBIT Margin | 17.31% | 18.07% | 17.19% | 15.56% | 13.11% | 8.50% |
| Effective Tax Rate | 40.37% | 59.87% | 29.24% | 31.12% | 36.06% | |
| Advertising Expenses | 26.60M | 25.60M | 28.40M | 26.70M | 19.00M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 110.35M | 99.05M | 114.44M | 102.89M | 120.18M | 248.65M |
| Short-Term Investments | 16.04M | |||||
| Cash & Short-Term Investments | 110.35M | 99.05M | 114.44M | 102.89M | 120.18M | 264.70M |
| Receivables | 209.69M | 290.81M | 312.76M | 312.43M | 361.65M | 294.80M |
| Inventory | 185.53M | 440.77M | 425.49M | 507.13M | 669.19M | 472.79M |
| Prepaid Expenses | 46.57M | 53.06M | 61.60M | 57.14M | 62.45M | 59.97M |
| Other Current Assets | 171.47M | 6.91M | 15.18M | 1.00M | 1.19M | 276.42M |
| Total Current Assets | 723.61M | 890.59M | 929.48M | 980.59M | 1.21B | 1.37B |
| Property, Plant & Equipment | 270.03M | 461.36M | 459.51M | 449.16M | 477.96M | 434.82M |
| Goodwill | 191.25M | 192.92M | 329.39M | 327.86M | 335.79M | 426.15M |
| Other Intangible Assets | 346.81M | 488.11M | 618.78M | 635.24M | 761.91M | 350.02M |
| Long-Term Deferred Tax Assets | 209.00K | 495.00K | 617.00K | |||
| Other Long-Term Assets | 23.71M | 30.45M | 33.30M | 25.40M | 26.14M | 25.01M |
| Total Assets | 1.84B | 2.06B | 2.37B | 2.42B | 2.82B | 2.60B |
| Accounts Payable | 90.97M | 137.48M | 119.35M | 116.65M | 194.79M | 260.04M |
| Accrued Expenses | 123.31M | 111.28M | 134.56M | 126.19M | 129.61M | 125.34M |
| Current Portion of Long-Term Debt | 8.00M | 8.00M | 8.00M | 9.35M | 10.59M | 10.14M |
| Current Portion of Leases | 16.84M | 32.41M | 35.22M | 32.91M | 33.74M | 32.23M |
| Current Income Taxes Payable | 23.26M | 17.46M | 22.95M | 22.57M | 11.09M | |
| Other Current Liabilities | 61.06M | 22.12M | 34.40M | 51.10M | 32.27M | 92.80M |
| Total Current Liabilities | 300.19M | 334.56M | 348.99M | 359.15M | 423.58M | 531.64M |
| Long-Term Debt | 1.26B | 1.40B | 1.52B | 1.46B | 1.55B | 1.02B |
| Long-Term Leases | 52.52M | 147.35M | 147.62M | 147.41M | 171.41M | 133.44M |
| Pension & Post-Retirement Benefits | 8.33M | 8.95M | 9.05M | 16.09M | 22.87M | |
| Long-Term Deferred Tax Liabilities | 70.95M | 103.19M | 97.44M | 139.42M | 49.29M | |
| Other Long-Term Liabilities | 94.56M | 24.24M | 21.66M | 30.87M | 39.40M | 41.22M |
| Total Liabilities | 1.71B | 1.99B | 2.15B | 2.10B | 2.34B | 1.80B |
| Common Stock | 21.19M | 21.19M | 21.19M | 21.19M | 21.19M | 21.09M |
| Additional Paid-In Capital | 695.26M | 690.15M | 677.03M | 662.68M | 627.98M | 602.18M |
| Retained Earnings | 584.25M | 479.05M | 461.44M | 281.52M | 344.06M | 670.00M |
| Treasury Stock | -1.15B | -1.04B | -876.53M | -577.69M | -420.12M | -416.85M |
| Comprehensive Income & Other | -24.43M | -71.92M | -58.24M | -72.45M | -95.54M | -69.27M |
| Shareholders' Equity | 129.16M | 73.97M | 224.89M | 315.24M | 477.57M | 807.16M |
| Total Liabilities & Equity | 1.84B | 2.06B | 2.37B | 2.42B | 2.82B | 2.60B |
| Total Debt | 1.34B | 1.59B | 1.71B | 1.65B | 1.76B | 1.19B |
| Net Cash (Debt) | -1.23B | -1.49B | -1.59B | -1.55B | -1.64B | -930.18M |
| Net Cash Per Share | -26.87 | -31.98 | -32.05 | -28.32 | -31.83 | -17.43 |
| Filing Date Shares Outstanding | 45.29M | 46.23M | 47.80M | 51.97M | 56.04M | 54.76M |
| Total Common Shares Outstanding | 45.48M | 46.35M | 48.29M | 52.87M | 56.04M | 54.76M |
| Working Capital | 423.42M | 556.04M | 580.49M | 621.44M | 791.09M | 837.04M |
| Book Value Per Share | 2.84 | 1.60 | 4.66 | 5.96 | 8.52 | 14.74 |
| Tangible Book Value | -408.91M | -607.06M | -723.29M | -647.86M | -620.13M | 30.98M |
| Tangible Book Value Per Share | -8.99 | -13.10 | -14.98 | -12.25 | -11.07 | 0.57 |
| Land | 102.63M | 160.23M | 153.08M | 169.92M | 159.69M | 155.57M |
| Machinery | 367.91M | 498.66M | 472.03M | 447.97M | 511.78M | 520.11M |
| Leasehold Improvements | 30.35M | 38.32M | 37.83M | 33.74M | 35.49M | 39.91M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 178.97M | 51.11M | 209.90M | 77.62M | -191.56M | 79.21M |
| Depreciation & Amortization | 64.12M | 63.01M | 60.70M | 65.44M | 64.66M | 52.30M |
| Other Amortization | 4.06M | 4.18M | 4.20M | 4.23M | 3.77M | 2.64M |
| Loss (Gain) From Sale of Assets | -8.28M | -8.28M | -61.00K | -12.65M | -469.00K | 231.00K |
| Asset Writedown & Restructuring Costs | 243.61M | 23.76M | 168.13M | 521.86M | 6.66M | |
| Stock-Based Compensation | 29.24M | 25.48M | 26.84M | 41.11M | 33.13M | 20.09M |
| Provision & Write-off of Bad Debts | 745.00K | 566.00K | 636.00K | 971.00K | 1.42M | 501.00K |
| Other Operating Activities | 42.57M | -28.48M | 5.76M | -37.36M | -142.93M | 4.85M |
| Change in Accounts Receivable | 17.90M | 18.85M | 4.24M | 51.12M | -20.66M | -7.00M |
| Change in Inventory | -14.85M | -18.31M | 73.58M | 129.21M | -106.75M | -154.51M |
| Change in Accounts Payable | 53.67M | 17.87M | -30.73M | -67.84M | -96.37M | 72.77M |
| Change in Other Net Operating Assets | -27.27M | -12.17M | 1.21M | 11.78M | -6.86M | -7.93M |
| Operating Cash Flow | 313.18M | 356.02M | 377.27M | 428.77M | 69.44M | 111.77M |
| Capital Expenditures | -43.67M | -52.44M | -68.40M | -63.60M | -42.49M | -36.95M |
| Sale of Property, Plant & Equipment | 18.01M | 18.01M | 14.48M | 20.96M | 90.00K | 237.00K |
| Cash Acquisitions | -14.58M | -851.46M | -2.24M | |||
| Divestitures | 100.00M | 3.50M | -2.57M | 295.71M | ||
| Investment in Securities | 14.92M | -17.21M | ||||
| Other Investing Activities | -14.13M | 137.00K | -2.63M | 6.75M | ||
| Investing Cash Flow | 60.20M | -34.29M | -65.00M | -45.21M | -585.85M | -49.42M |
| Long-Term Debt Issued | 63.00M | 217.00M | 122.56M | 1.06B | 20.91M | |
| Total Debt Issued | 50.00M | 63.00M | 217.00M | 122.56M | 1.06B | 20.91M |
| Long-Term Debt Repaid | -178.65M | -168.78M | -221.78M | -511.19M | -27.83M | |
| Total Debt Repaid | -238.66M | -178.65M | -168.78M | -221.78M | -511.19M | -27.83M |
| Net Debt Issued (Repaid) | -188.66M | -115.65M | 48.22M | -99.22M | 547.72M | -6.92M |
| Repurchase of Common Stock | -140.62M | -183.27M | -309.92M | -163.97M | -10.89M | -3.36M |
| Common Dividends Paid | -39.01M | -39.69M | -35.81M | -24.25M | -19.32M | -17.14M |
| Dividends Paid | -39.01M | -39.69M | -35.81M | -24.25M | -19.32M | -17.14M |
| Other Financing Activities | -257.00K | -130.00K | -1.25M | -3.15M | -16.81M | -828.00K |
| Financing Cash Flow | -368.54M | -338.75M | -298.75M | -400.16M | 393.35M | -28.25M |
| Foreign Exchange Rate Adjustments | -1.76M | 1.63M | -1.97M | -693.00K | -5.40M | -3.54M |
| Net Cash Flow | 3.07M | -15.39M | 11.55M | -17.30M | -128.47M | 30.56M |
| Free Cash Flow | 269.50M | 303.58M | 308.87M | 365.17M | 26.95M | 74.82M |
| Free Cash Flow Margin | 10.54% | 12.05% | 11.77% | 13.60% | 0.95% | 3.29% |
| Free Cash Flow Per Share | 5.90 | 6.50 | 6.22 | 6.69 | 0.52 | 1.40 |
| Levered Free Cash Flow | 444.94M | 276.66M | 291.71M | 399.41M | 139.18M | -11.54M |
| Unlevered Free Cash Flow | 495.57M | 332.49M | 352.56M | 458.58M | 188.14M | 25.30M |
| Cash Interest Paid | 84.50M | 92.89M | 100.68M | 99.83M | 78.27M | 60.78M |
| Cash Income Tax Paid | 96.24M | 96.24M | 102.98M | 70.94M | 80.26M | 41.22M |
| Change in Working Capital | 29.44M | 6.24M | 48.30M | 124.27M | -230.64M | -96.67M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.58B | 3.55B | 3.44B | 2.17B | 1.63B | 1.39B |
| Enterprise Value | 5.81B | 5.06B | 4.99B | 3.75B | 3.27B | 2.38B |
| Last Close Price | 101.09 | 75.38 | 68.62 | 38.51 | 26.54 | 20.29 |
| PE Ratio | 25.83 | 69.37 | 16.39 | 27.91 | 17.60 | |
| Forward PE | 17.10 | 12.65 | 13.40 | 10.42 | 8.00 | 12.55 |
| PS Ratio | 1.79 | 1.41 | 1.31 | 0.81 | 0.57 | 0.61 |
| PB Ratio | 35.59 | 47.93 | 15.30 | 6.87 | 3.41 | 1.73 |
| P/TBV Ratio | 45.00 | |||||
| P/FCF Ratio | 16.99 | 11.68 | 11.14 | 5.93 | 60.47 | 18.64 |
| P/OCF Ratio | 14.62 | 9.96 | 9.12 | 5.05 | 23.47 | 12.48 |
| PEG Ratio | 1.01 | 0.96 | 0.96 | 0.74 | 0.57 | 0.90 |
| EV/Sales Ratio | 2.27 | 2.01 | 1.90 | 1.40 | 1.15 | 1.05 |
| EV/EBITDA Ratio | 11.46 | 9.77 | 9.74 | 7.75 | 7.47 | 9.71 |
| EV/EBIT Ratio | 13.12 | 11.12 | 11.06 | 8.96 | 8.76 | 12.34 |
| EV/FCF Ratio | 21.54 | 16.68 | 16.14 | 10.26 | 121.41 | 31.83 |
| Debt / Equity Ratio | 10.35 | 21.52 | 7.59 | 5.23 | 3.69 | 1.48 |
| Debt / EBITDA Ratio | 2.35 | 2.74 | 2.98 | 3.01 | 3.54 | 4.05 |
| Debt / FCF Ratio | 4.96 | 5.24 | 5.53 | 4.52 | 65.48 | 15.97 |
| Net Debt / Equity Ratio | 9.50 | 20.18 | 7.08 | 4.91 | 3.44 | 1.15 |
| Net Debt / EBITDA Ratio | 2.42 | 2.88 | 3.11 | 3.20 | 3.75 | 3.79 |
| Net Debt / FCF Ratio | 4.55 | 4.92 | 5.15 | 4.24 | 61.02 | 12.43 |
| Asset Turnover | 1.30 | 1.14 | 1.09 | 1.03 | 1.05 | 0.90 |
| Inventory Turnover | 4.75 | 3.38 | 3.36 | 2.81 | 3.32 | 4.09 |
| Quick Ratio | 1.07 | 1.17 | 1.22 | 1.16 | 1.14 | 1.05 |
| Current Ratio | 2.41 | 2.66 | 2.66 | 2.73 | 2.87 | 2.57 |
| Return on Equity (ROE) | 227.54% | 34.20% | 77.72% | 19.58% | -44.79% | 9.33% |
| Return on Assets (ROA) | 14.10% | 12.83% | 11.77% | 9.98% | 8.61% | 4.77% |
| Return on Invested Capital (ROIC) | 18.75% | 10.80% | 17.35% | 14.45% | 19.35% | 7.20% |
| Return on Capital Employed (ROCE) | 28.80% | 26.30% | 22.30% | 20.30% | 15.60% | 9.30% |
| Earnings Yield | 3.87% | 1.44% | 6.10% | 3.58% | -11.76% | 5.68% |
| FCF Yield | 5.89% | 8.56% | 8.98% | 16.86% | 1.65% | 5.37% |
| Dividend Yield | 0.87% | 0.94% | 0.84% | 1.10% | 1.24% | 1.26% |
| Payout Ratio | 22.48% | 77.66% | 17.06% | 31.24% | 21.64% | |
| Buyback Yield / Dilution | 3.44% | 6.01% | 9.05% | -5.69% | 3.18% | -18.56% |
| Total Shareholder Return | 4.31% | 6.95% | 9.89% | -4.59% | 4.42% | -17.30% |