NYSE : GHM
Graham Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 69.95 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 821.01M
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Financial statements
Graham Corporation (GHM) reported revenue of 261.15M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 261.15M | 245.29M | 209.90M | 185.53M | 157.12M | 122.81M |
| Cost of Revenue | 200.13M | 187.35M | 157.03M | 144.95M | 131.71M | 113.69M |
| Gross Profit | 61.02M | 57.94M | 52.86M | 40.59M | 25.41M | 9.13M |
| Selling, General & Admin | 43.30M | 40.15M | 37.39M | 32.17M | 22.71M | 19.51M |
| Amortization of Goodwill & Intangibles | 1.86M | 1.79M | 1.75M | 1.37M | 1.09M | 913.00K |
| Operating Expenses | 45.18M | 41.94M | 39.14M | 33.53M | 23.81M | 20.43M |
| Operating Income | 15.84M | 16.00M | 13.72M | 7.05M | 1.60M | -11.30M |
| Interest Expense | -248.00K | -939.00K | -400.00K | |||
| Interest & Investment Income | 200.00K | 257.00K | 583.00K | |||
| Other Non Operating Income (Expenses) | -17.00K | -56.00K | -69.00K | -70.00K | -101.00K | -346.00K |
| EBT Excluding Unusual Items | 16.03M | 16.20M | 14.24M | 6.73M | 561.00K | -12.04M |
| Merger & Restructuring Charges | -2.06M | -2.06M | -45.00K | -352.00K | ||
| Other Unusual Items | -32.00K | 621.00K | 1.22M | -806.00K | 827.00K | |
| Pretax Income | 13.93M | 14.76M | 15.41M | 5.57M | 561.00K | -11.22M |
| Income Tax Expense | 2.11M | 2.26M | 3.18M | 1.02M | 194.00K | -2.44M |
| Net Income | 11.82M | 12.50M | 12.23M | 4.56M | 367.00K | -8.77M |
| Net Income to Common | 11.82M | 12.50M | 12.23M | 4.56M | 367.00K | -8.77M |
| Shares Outstanding (Basic) | 11.16M | 10.99M | 10.88M | 10.74M | 10.61M | 10.54M |
| Shares Outstanding (Diluted) | 11.31M | 11.14M | 11.07M | 10.84M | 10.65M | 10.54M |
| EPS (Basic) | 1.06 | 1.14 | 1.12 | 0.42 | 0.03 | -0.83 |
| EPS (Diluted) | 1.04 | 1.12 | 1.11 | 0.42 | 0.03 | -0.83 |
| Free Cash Flow | -6.12M | -121.00K | 5.36M | 18.89M | 10.16M | -4.54M |
| Free Cash Flow Per Share | -0.54 | -0.01 | 0.48 | 1.74 | 0.95 | -0.43 |
| Dividend Per Share | 0.33 | |||||
| Gross Margin | 23.37% | 23.62% | 25.18% | 21.88% | 16.17% | 7.43% |
| Operating Margin | 6.07% | 6.52% | 6.54% | 3.80% | 1.02% | -9.20% |
| Profit Margin | 4.52% | 5.10% | 5.83% | 2.46% | 0.23% | -7.14% |
| Free Cash Flow Margin | -2.34% | -0.05% | 2.55% | 10.18% | 6.47% | -3.70% |
| EBITDA | 24.60M | 23.65M | 19.66M | 12.48M | 7.59M | -5.70M |
| EBITDA Margin | 9.42% | 9.64% | 9.37% | 6.73% | 4.83% | -4.64% |
| D&A For EBITDA | 8.75M | 7.65M | 5.94M | 5.43M | 5.99M | 5.60M |
| EBIT | 15.84M | 16.00M | 13.72M | 7.05M | 1.60M | -11.30M |
| EBIT Margin | 6.07% | 6.52% | 6.54% | 3.80% | 1.02% | -9.20% |
| Effective Tax Rate | 15.17% | 15.31% | 20.62% | 18.26% | 34.58% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.95M | 6.58M | 21.58M | 16.94M | 18.26M | 14.74M |
| Cash & Short-Term Investments | 26.95M | 6.58M | 21.58M | 16.94M | 18.26M | 14.74M |
| Accounts Receivable | 115.63M | 93.68M | 74.00M | 72.42M | 63.68M | 53.22M |
| Other Receivables | 941.00K | 1.18M | 1.52M | 459.00K | ||
| Receivables | 116.58M | 94.86M | 75.52M | 72.42M | 63.68M | 53.67M |
| Inventory | 49.44M | 50.76M | 40.02M | 33.41M | 26.29M | 17.41M |
| Prepaid Expenses | 5.41M | 4.25M | 4.25M | 3.56M | 1.84M | 1.36M |
| Other Current Assets | 32.00K | |||||
| Total Current Assets | 198.38M | 156.45M | 141.37M | 126.33M | 110.07M | 87.22M |
| Property, Plant & Equipment | 67.09M | 67.07M | 57.03M | 39.39M | 33.76M | 33.28M |
| Goodwill | 37.33M | 38.08M | 25.52M | 25.52M | 23.52M | 23.52M |
| Other Intangible Assets | 51.11M | 52.06M | 30.33M | 32.55M | 27.50M | 29.98M |
| Long-Term Deferred Tax Assets | 134.00K | 131.00K | 1.50M | 2.98M | 2.80M | 2.44M |
| Long-Term Deferred Charges | 2.76M | |||||
| Other Long-Term Assets | 9.93M | 7.06M | 8.35M | 7.12M | 6.26M | 7.25M |
| Total Assets | 363.96M | 323.62M | 264.11M | 233.88M | 203.92M | 183.69M |
| Accounts Payable | 24.70M | 25.74M | 27.31M | 20.79M | 20.22M | 16.66M |
| Accrued Expenses | 16.57M | 25.26M | 22.70M | 22.66M | 16.26M | 13.60M |
| Current Portion of Long-Term Debt | 2.00M | 2.00M | ||||
| Current Portion of Leases | 1.82M | 1.83M | 1.30M | 1.26M | 1.05M | 1.08M |
| Current Income Taxes Payable | 5.00K | 715.00K | 16.00K | |||
| Current Unearned Revenue | 113.14M | 102.42M | 84.06M | 71.99M | 46.04M | 25.64M |
| Other Current Liabilities | 4.90M | 1.02M | 786.00K | 806.00K | 578.00K | 441.00K |
| Total Current Liabilities | 161.12M | 156.27M | 136.15M | 118.21M | 86.17M | 59.42M |
| Long-Term Debt | 13.00M | 9.74M | 16.38M | |||
| Long-Term Leases | 4.97M | 5.36M | 5.56M | 6.51M | 7.58M | 7.47M |
| Pension & Post-Retirement Benefits | 1.14M | 1.15M | 1.19M | 1.25M | 1.34M | 1.67M |
| Long-Term Deferred Tax Liabilities | 1.10M | 897.00K | 24.00K | 62.00K | ||
| Other Long-Term Liabilities | 3.43M | 6.62M | 1.61M | 2.33M | 2.15M | 2.20M |
| Total Liabilities | 171.76M | 183.30M | 144.53M | 128.31M | 106.98M | 87.20M |
| Common Stock | 1.19M | 1.12M | 1.11M | 1.10M | 1.07M | 1.08M |
| Additional Paid-In Capital | 89.41M | 41.70M | 34.62M | 32.02M | 28.06M | 27.77M |
| Retained Earnings | 110.64M | 106.73M | 94.23M | 82.00M | 77.44M | 77.08M |
| Treasury Stock | -3.39M | -3.39M | -3.39M | -2.53M | -2.18M | -2.96M |
| Comprehensive Income & Other | -5.66M | -5.85M | -6.99M | -7.01M | -7.46M | -6.47M |
| Shareholders' Equity | 192.20M | 140.31M | 119.58M | 105.57M | 96.93M | 96.49M |
| Total Liabilities & Equity | 363.96M | 323.62M | 264.11M | 233.88M | 203.92M | 183.69M |
| Total Debt | 6.79M | 20.19M | 6.85M | 7.77M | 20.38M | 26.93M |
| Net Cash (Debt) | 20.16M | -13.61M | 14.72M | 9.17M | -2.12M | -12.19M |
| Net Cash Per Share | 1.78 | -1.22 | 1.33 | 0.85 | -0.20 | -1.16 |
| Filing Date Shares Outstanding | 11.74M | 11.69M | 10.95M | 10.87M | 10.68M | 10.60M |
| Total Common Shares Outstanding | 11.73M | 11.07M | 10.90M | 10.85M | 10.63M | 10.64M |
| Working Capital | 37.26M | 184.00K | 5.22M | 8.11M | 23.90M | 27.80M |
| Book Value Per Share | 16.39 | 12.67 | 10.97 | 9.73 | 9.11 | 9.07 |
| Tangible Book Value | 103.76M | 50.17M | 63.73M | 47.50M | 45.91M | 42.99M |
| Tangible Book Value Per Share | 8.85 | 4.53 | 5.85 | 4.38 | 4.32 | 4.04 |
| Land | 3.11M | 3.07M | 450.00K | 450.00K | 450.00K | |
| Buildings | 36.81M | 24.79M | 24.65M | 23.11M | 22.82M | |
| Machinery | 67.17M | 51.53M | 45.39M | 41.40M | 39.91M | |
| Construction In Progress | 7.10M | 20.08M | 6.70M | 2.52M | 228.00K | |
| Order Backlog | 532.64M | 412.33M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 11.82M | 12.50M | 12.23M | 4.56M | 367.00K | -8.77M |
| Depreciation & Amortization | 8.75M | 7.65M | 5.94M | 5.43M | 5.99M | 5.60M |
| Other Amortization | 131.00K | 212.00K | ||||
| Loss (Gain) From Sale of Assets | -41.00K | -52.00K | -5.00K | 23.00K | ||
| Stock-Based Compensation | 2.24M | 2.13M | 1.96M | 1.28M | 806.00K | 809.00K |
| Provision & Write-off of Bad Debts | -256.00K | -256.00K | 829.00K | 95.00K | ||
| Other Operating Activities | 3.00M | 2.39M | 1.04M | 1.18M | 3.60M | -4.14M |
| Change in Accounts Receivable | -37.47M | -15.46M | -2.60M | -8.87M | -12.71M | -505.00K |
| Change in Inventory | -8.20M | -6.79M | -6.63M | -6.22M | -9.92M | 3.48M |
| Change in Accounts Payable | 1.94M | -794.00K | 3.49M | 401.00K | 3.47M | -3.24M |
| Change in Unearned Revenue | 28.53M | 16.42M | 12.09M | 25.57M | 20.53M | 5.52M |
| Change in Income Taxes | 440.00K | 326.00K | -2.23M | 998.00K | 139.00K | -1.21M |
| Change in Other Net Operating Assets | -5.21M | -2.14M | -1.80M | 3.57M | 1.44M | 205.00K |
| Operating Cash Flow | 5.54M | 15.93M | 24.32M | 28.12M | 13.91M | -2.22M |
| Capital Expenditures | -11.66M | -16.05M | -18.96M | -9.23M | -3.75M | -2.32M |
| Sale of Property, Plant & Equipment | 274.00K | 274.00K | 44.00K | |||
| Cash Acquisitions | -25.72M | -27.29M | -170.00K | -6.81M | -60.28M | |
| Investment in Securities | 5.50M | |||||
| Investing Cash Flow | -37.10M | -43.06M | -19.13M | -15.99M | -3.75M | -57.11M |
| Long-Term Debt Issued | 33.00M | 13.00M | 5.00M | 58.25M | ||
| Long-Term Debt Repaid | -20.34M | -320.00K | -25.82M | -11.30M | -40.00M | |
| Net Debt Issued (Repaid) | -340.00K | 12.66M | -320.00K | -12.82M | -6.30M | 18.25M |
| Issuance of Common Stock | 50.83M | 832.00K | 653.00K | 476.00K | ||
| Repurchase of Common Stock | -2.74M | -1.54M | -854.00K | -58.00K | -21.00K | -41.00K |
| Common Dividends Paid | -3.52M | |||||
| Other Financing Activities | -138.00K | -993.00K | -122.00K | -271.00K | ||
| Financing Cash Flow | 47.61M | 11.96M | -521.00K | -13.39M | -6.44M | 14.42M |
| Foreign Exchange Rate Adjustments | 147.00K | 179.00K | -30.00K | -53.00K | -208.00K | 115.00K |
| Net Cash Flow | 16.20M | -15.00M | 4.64M | -1.32M | 3.52M | -44.79M |
| Free Cash Flow | -6.12M | -121.00K | 5.36M | 18.89M | 10.16M | -4.54M |
| Free Cash Flow Margin | -2.34% | -0.05% | 2.55% | 10.18% | 6.47% | -3.70% |
| Free Cash Flow Per Share | -0.54 | -0.01 | 0.48 | 1.74 | 0.95 | -0.43 |
| Levered Free Cash Flow | -5.79M | -6.76M | 5.00M | 18.14M | 11.11M | -7.65M |
| Unlevered Free Cash Flow | -5.79M | -6.76M | 5.00M | 18.16M | 11.48M | -7.40M |
| Cash Interest Paid | 500.00K | 495.00K | 298.00K | 823.00K | 1.03M | 417.00K |
| Cash Income Tax Paid | 61.00K | -36.00K | 3.98M | 425.00K | 185.00K | 2.01M |
| Change in Working Capital | -19.97M | -8.43M | 2.33M | 15.46M | 2.94M | 4.26M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 821.01M | 873.86M | 314.22M | 295.40M | 139.15M | 82.02M |
| Enterprise Value | 800.84M | 857.66M | 291.02M | 291.31M | 144.90M | 105.63M |
| Last Close Price | 69.95 | 78.92 | 28.82 | 27.28 | 13.08 | 7.71 |
| PE Ratio | 67.57 | 69.91 | 25.69 | 64.84 | 379.14 | |
| Forward PE | 42.05 | 46.46 | 33.77 | 111.35 | 109.00 | 14.35 |
| PS Ratio | 3.14 | 3.56 | 1.50 | 1.59 | 0.89 | 0.67 |
| PB Ratio | 4.27 | 6.23 | 2.63 | 2.80 | 1.44 | 0.85 |
| P/TBV Ratio | 7.91 | 17.42 | 4.93 | 6.22 | 3.03 | 1.91 |
| P/FCF Ratio | 58.63 | 15.63 | 13.69 | |||
| P/OCF Ratio | 148.14 | 54.85 | 12.92 | 10.51 | 10.00 | |
| PEG Ratio | 2.34 | 2.58 | 3.38 | 11.13 | 48.33 | 92.89 |
| EV/Sales Ratio | 3.07 | 3.50 | 1.39 | 1.57 | 0.92 | 0.86 |
| EV/EBITDA Ratio | 32.56 | 36.26 | 14.80 | 23.34 | 19.10 | |
| EV/EBIT Ratio | 50.55 | 53.60 | 21.21 | 41.32 | 90.50 | |
| EV/FCF Ratio | 54.30 | 15.42 | 14.26 | |||
| Debt / Equity Ratio | 0.04 | 0.14 | 0.06 | 0.07 | 0.21 | 0.28 |
| Debt / EBITDA Ratio | 0.26 | 0.80 | 0.32 | 0.56 | 2.26 | |
| Debt / FCF Ratio | 1.28 | 0.41 | 2.00 | |||
| Net Debt / Equity Ratio | -0.10 | 0.10 | -0.12 | -0.09 | 0.02 | 0.13 |
| Net Debt / EBITDA Ratio | -0.82 | 0.58 | -0.75 | -0.73 | 0.28 | -2.14 |
| Net Debt / FCF Ratio | 3.30 | -112.50 | -2.75 | -0.48 | 0.21 | -2.68 |
| Asset Turnover | 0.85 | 0.83 | 0.84 | 0.85 | 0.81 | 0.75 |
| Inventory Turnover | 4.61 | 4.13 | 4.28 | 4.86 | 6.03 | 6.54 |
| Quick Ratio | 0.89 | 0.65 | 0.71 | 0.76 | 0.95 | 1.15 |
| Current Ratio | 1.23 | 1.00 | 1.04 | 1.07 | 1.28 | 1.47 |
| Return on Equity (ROE) | 7.49% | 9.62% | 10.86% | 4.50% | 0.38% | -9.03% |
| Return on Assets (ROA) | 3.21% | 3.40% | 3.45% | 2.01% | 0.52% | -4.31% |
| Return on Invested Capital (ROIC) | 8.25% | 10.47% | 10.83% | 5.90% | 1.01% | -15.94% |
| Return on Capital Employed (ROCE) | 7.80% | 9.60% | 10.70% | 6.10% | 1.40% | -9.10% |
| Earnings Yield | 1.48% | 1.43% | 3.89% | 1.54% | 0.26% | -10.70% |
| FCF Yield | -0.75% | -0.01% | 1.70% | 6.40% | 7.31% | -5.54% |
| Dividend Yield | 4.28% | |||||
| Buyback Yield / Dilution | -2.01% | -0.65% | -2.05% | -1.78% | -1.07% | -5.84% |
| Total Shareholder Return | -2.01% | -0.65% | -2.05% | -1.78% | -1.07% | -1.57% |