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Graham Corp (GHM) stock

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NYSE: GHM NYSE Industrial Machinery & Supplies & Components Next results ~November 5, 2026

C Fundamentals grade

Graham Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$39

Valuation models combined (3)

Base case. Range ~$30–$58. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Graham Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds143 adding, 70 cuttingOf 39 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Graham files

Where Graham stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $261m, up 21.2% on a year earlier, faster than the 16.9% growth a quarter earlier. That growth ranks 5 of 56 among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin rose to -2.3% from -4.5% a year earlier. Operating margin narrowed to 5.4% from 7.9%. The diluted share count is up 2.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 7 of our 7 financial-health checks. Our valuation models combined value is $30.86 a share, against a share price of $71.85.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Graham Corp's trailing-twelve-month revenue grew 21.2% year on year, with a free-cash-flow margin of -2.3%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 59 industrial machinery & supplies & components companies we cover. Where it lags: gross margin of 23.3% ranks 58 of 70 industrial machinery & supplies & components companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 36.6% while net income fell 14.7%: a 51pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.2% over the last 12 months, against a median of 8.3% for industrial machinery & supplies & components companies we cover.
  • Growth speeding up. The growth rate is 4.4 points higher than a quarter earlier.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 6 November; the share price can move sharply on the day.
  • Burning cash. Free cash flow was -2.3% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.0% in a year.
  • High earnings multiple. The shares trade at 68 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 54% and a beta of 2.1 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.3 points on a year ago.

Latest results: FY2027 Q1

Filed August 6, 2026
Earnings per share
$0.49 against an average estimate of $0.37: beat by 32.4%
Revenue
$71m, up 28.6% on a year earlier
Share reaction
+6.9% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
net Sales $285m to $295m (Fiscal 2027 Guidance); gross Margin 24.5% to 25.5% (Fiscal 2027 Guidance)
Next report
November 5, 2026; average EPS estimate $0.43

Graham's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+3.6%
  • 1 month-22.7%
  • This year+10.1%
  • 1 year+13.5%
  • 5 years+433.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$261M
Operating margin
5.4%
Net margin
4.5%
EPS (TTM, diluted)
$1.05

Growth

Revenue growth
+21.2%
Change in growth rate
+4.4 pts
Share count change
+2.0%

Cash

Free cash flow (TTM)
-$6.1M
FCF margin
-2.3%
Stock pay % of revenue
0.9%

Earnings

Last results
August 6, 2026
Next results (est.)
November 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Graham Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Graham Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.3 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$30 ~$22–$36 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$39 ~$35–$51 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$7.7 ~$5.4–$11 Left out: out of range vs price (0.11x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$3.4 ~$3.1–$3.9 Left out: out of range vs price (0.05x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$58 ~$47–$71 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$39 ~$30–$58 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Graham Corp with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$17.47$20.57$19.51$18.17$12.19$13.91$7.71$13.08$27.28$28.82$78.92$70.72
Market value$174m$200m$191m$178m$120m$139m$81m$139m$296m$319m$879m$800m
+ Net debt (− = net cash)−$24m−$39m−$40m−$15m−$33m−$60m$4m−$6m−$17m−$22m$6m−$27m
Enterprise value$150m$161m$150m$163m$88m$79m$85m$134m$279m$297m$885m$773m
Multiples
Price / sales 1.9x2.2x2.5x1.9x1.3x1.4x0.7x0.9x1.6x1.5x3.6x3.1x
Price / earnings 28.5x39.8x——64.4x58.3x—n/m64.9x26.1x70.3x67.7x
Price / free cash flow 9.9x16.6x29.5x30.9x———13.7x15.7x59.5x——
EV / EBITDA ————33.5x16.0x—18.5x22.6x14.1x38.7x33.2x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Graham's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Cash operating profit has been a median 2.8% of total assets over 10 years.

  • Pricing power 6 / 20

    Gross margin has been a median 22.4%, moving by 4.3 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.9%; its worst year was -4.6%.

  • Cash conversion 7 / 20

    Free cash flow was positive in 6 of 10 years, at a median 1.2% of revenue.

  • Discipline 12 / 20

    The diluted share count rose 12.7% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $71m and EPS of $0.43 (range $0.41 to $0.45) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.81 +29% $291m +19%
Next $2.28 +26% $323m +11%

Next year's EPS estimate has moved +1.0% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.1% on 90 days ago. In the last 30 days, 1 analyst raised Graham Corp's forecast and 2 cut it.

Consensus EPS forecast Graham Corp, last 90 days
$1.60 $1.80 $2.00 $2.20 $2.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.84 Current fiscal year, 60 days ago: $1.84 Current fiscal year, 30 days ago: $1.79 Current fiscal year, 7 days ago: $1.79 Current fiscal year, Now: $1.81 $1.81 Next fiscal year, 90 days ago: $2.25 Next fiscal year, 60 days ago: $2.27 Next fiscal year, 30 days ago: $2.27 Next fiscal year, 7 days ago: $2.28 Next fiscal year, Now: $2.28 $2.28

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.84$2.25
60 days ago $1.84$2.27
30 days ago $1.79$2.27
7 days ago $1.79$2.28
Now $1.81$2.28

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.37 $0.49 +32.4%
Mar 2026 $0.30 $0.33 +10.9%
Dec 2025 $0.18 $0.31 +69.1%
Sept 2025 $0.33 $0.31 −4.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Net Sales Fiscal 2027 Guidance $285m to $295m Maintained
    “Net Sales $285 million to $295 million” source
  • Gross Margin Fiscal 2027 Guidance 24.5% to 25.5% Maintained
    “Gross Margin 24.5% to 25.5% of sales” source
  • SG&A expense (including amortization) Fiscal 2027 Guidance 16.5% to 17.5% Maintained
    “SG&A expense (including amortization) (1) (2) 16.5% to 17.5% of sales” source
  • Adjusted EBITDA Fiscal 2027 Guidance $35m to $40m Non-GAAP Maintained
    “Adjusted EBITDA (2) (3) (4) $35 million to $40 million” source
  • Effective Tax Rate Fiscal 2027 Guidance 18% to 20% Maintained
    “Effective Tax Rate 18% to 20%” source
  • Capital Expenditures Fiscal 2027 Guidance $18m to $22m Maintained
    “Capital Expenditures $18.0 million to $22.0 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

6 analysts, Oct 2026
Buy583%
Hold117%
Sell00%

Monthly trend

  1. Oct 20262316
  2. Sep 20261315
  3. Aug 20261315

Counts of recommendations published by analysts covering Graham Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.6%
of tradable shares
Days to cover
4.91
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
98%
of shares
Held by insiders
5.1%
of shares
Employees
732
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +13.5%

$62.29 on October 31, 2025 to $70.72

ThenNowEffect
Revenue (last 12 months) $215m $261m +21.2%
Net margin 6.4% 4.5% −29.7%
P/E multiple 49.8x 67.7x +35.8%
Share count 11m 11m −2.0%

Biggest factor: net margin.

Last 3 years +316.2%

$16.99 on November 3, 2023 to $70.72

ThenNowEffect
Revenue (last 12 months) $169m $261m +54.9%
Net margin 1.4% 4.5% +227.3%
P/E multiple 77.8x 67.7x −13.0%
Share count 11m 11m −5.6%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GHM−16%−23%+97%+134%+44%+10%
Industry peers (median)+19%−13%+19%+2%+9%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GHM42%50%67%58%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GHM−30%−52%−24%−23%−47%−48%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 75% from August 16, 2018 to July 28, 2022. Getting back needed a 297% gain, reached on March 22, 2024, 603 days after the low.

Price behaviour

52-week range
$53.56 – $123.79
From 52-week high
−42.9%
vs 50-day average
−13.6%
vs 200-day average
−22.5%
Volatility (1 year)
54%
Beta vs S&P 500
2.10

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±10.3%
After a week
7 up, 5 down
typical move ±10.2%
After a month
7 up, 5 down
typical move ±14.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +6.9% +0.5% +6.3% −16.0%
June 8, 2026 −6.4% −0.1% +0.4% +1.4%
February 6, 2026 +15.3% +2.4% +14.4% +17.9%
November 7, 2025 −0.2% +1.7% −5.1% −0.3%
August 5, 2025 −14.5% +0.3% −12.6% −14.4%
June 9, 2025 +10.7% +0.7% +12.7% +22.5%
February 7, 2025 −17.4% −0.2% −20.7% −34.0%
November 8, 2024 +22.9% +0.5% +20.6% +35.0%
August 7, 2024 −1.1% +1.6% 0.0% −5.0%
June 7, 2024 +12.6% +0.2% +11.0% +4.8%
February 5, 2024 +11.7% −0.1% +15.6% +20.8%
November 6, 2023 −4.4% +0.5% −2.9% +6.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Graham Corp in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Graham Corp
$150M $200M $250M $300M FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $175.5M Revenue (TTM), FY24 Q3: $179.5M Revenue (TTM), FY24 Q4: $185.5M Revenue (TTM), FY25 Q1: $187.9M Revenue (TTM), FY25 Q2: $196.4M Revenue (TTM), FY25 Q3: $199.6M Revenue (TTM), FY25 Q4: $209.9M Revenue (TTM), FY26 Q1: $215.4M Revenue (TTM), FY26 Q2: $227.9M Revenue (TTM), FY26 Q3: $237.6M Revenue (TTM), FY26 Q4: $245.3M Revenue (TTM), FY27 Q1: $261.1M $261.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $175.5M
FY24 Q3 $179.5M
FY24 Q4 $185.5M
FY25 Q1 $187.9M
FY25 Q2 $196.4M
FY25 Q3 $199.6M
FY25 Q4 $209.9M
FY26 Q1 $215.4M
FY26 Q2 $227.9M
FY26 Q3 $237.6M
FY26 Q4 $245.3M
FY27 Q1 $261.1M
Revenue growth, TTM YoY Graham Corp
10% 15% 20% 25% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 23.0% Revenue growth, TTM YoY, FY24 Q3: 16.7% Revenue growth, TTM YoY, FY24 Q4: 18.1% Revenue growth, TTM YoY, FY25 Q1: 11.4% Revenue growth, TTM YoY, FY25 Q2: 11.9% Revenue growth, TTM YoY, FY25 Q3: 11.2% Revenue growth, TTM YoY, FY25 Q4: 13.1% Revenue growth, TTM YoY, FY26 Q1: 14.6% Revenue growth, TTM YoY, FY26 Q2: 16.0% Revenue growth, TTM YoY, FY26 Q3: 19.0% Revenue growth, TTM YoY, FY26 Q4: 16.9% Revenue growth, TTM YoY, FY27 Q1: 21.2% 21.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 23.0%
FY24 Q3 16.7%
FY24 Q4 18.1%
FY25 Q1 11.4%
FY25 Q2 11.9%
FY25 Q3 11.2%
FY25 Q4 13.1%
FY26 Q1 14.6%
FY26 Q2 16.0%
FY26 Q3 19.0%
FY26 Q4 16.9%
FY27 Q1 21.2%
Operating margin (TTM) Graham Corp
0% 2% 4% 6% 8% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 2.7% Operating margin (TTM), FY24 Q3: 2.8% Operating margin (TTM), FY24 Q4: 3.7% Operating margin (TTM), FY25 Q1: 3.4% Operating margin (TTM), FY25 Q2: 5.0% Operating margin (TTM), FY25 Q3: 5.6% Operating margin (TTM), FY25 Q4: 7.2% Operating margin (TTM), FY26 Q1: 7.9% Operating margin (TTM), FY26 Q2: 7.4% Operating margin (TTM), FY26 Q3: 7.5% Operating margin (TTM), FY26 Q4: 6.1% Operating margin (TTM), FY27 Q1: 5.4% 5.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 2.7%
FY24 Q3 2.8%
FY24 Q4 3.7%
FY25 Q1 3.4%
FY25 Q2 5.0%
FY25 Q3 5.6%
FY25 Q4 7.2%
FY26 Q1 7.9%
FY26 Q2 7.4%
FY26 Q3 7.5%
FY26 Q4 6.1%
FY27 Q1 5.4%
FCF margin (TTM) Graham Corp
-5% 0% 5% 10% 15% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 11.6% FCF margin (TTM), FY24 Q3: 10.0% FCF margin (TTM), FY24 Q4: 10.2% FCF margin (TTM), FY25 Q1: 9.3% FCF margin (TTM), FY25 Q2: 13.5% FCF margin (TTM), FY25 Q3: 9.4% FCF margin (TTM), FY25 Q4: 2.6% FCF margin (TTM), FY26 Q1: -4.5% FCF margin (TTM), FY26 Q2: -4.7% FCF margin (TTM), FY26 Q3: -2.6% FCF margin (TTM), FY26 Q4: -0.0% FCF margin (TTM), FY27 Q1: -2.3% -2.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 11.6%
FY24 Q3 10.0%
FY24 Q4 10.2%
FY25 Q1 9.3%
FY25 Q2 13.5%
FY25 Q3 9.4%
FY25 Q4 2.6%
FY26 Q1 -4.5%
FY26 Q2 -4.7%
FY26 Q3 -2.6%
FY26 Q4 -0.0%
FY27 Q1 -2.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Mar 2010 2011 Mar 2011 2012 Mar 2012 2013 Mar 2013 2014 Mar 2014 2015 Mar 2015 2016 Mar 2016 2017 Mar 2017 2018 Mar 2018 2019 Mar 2019 2020 Mar 2020 2021 Mar 2021 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026 LTM Jun 2026
Income
Revenue 62 74 103 105 102 135 90 92 78 92 91 97 123 157 186 210 245 261
Gross profit 22 22 33 32 32 42 23 22 17 22 18 20 9 25 41 53 58 61
EBITDA — — — — — — — — — — 3 5 −8 7 12 21 23 23
Operating income — — — — — — — — — — 1 3 −11 1 7 15 15 14
Net income 6 6 11 11 10 15 6 5 −10 −0 2 2 −9 0 5 12 13 12
Diluted EPS $0.64 $0.59 $1.06 $1.11 $1.00 $1.45 $0.61 $0.52 −$1.01 −$0.03 $0.19 $0.24 −$0.83 $0.03 $0.42 $1.11 $1.12 $1.05
Growth (year on year)
Revenue — +19.4% +39.0% +1.7% −2.6% +32.2% −33.4% +1.9% −15.5% +18.4% −1.3% +7.6% +26.0% +27.9% +18.1% +13.1% +16.9% +21.2%
EBITDA — — — — — — — — — — — +89.5% −267.2% — +70.7% +71.0% +8.2% +1.2%
Operating income — — — — — — — — — — — — −478.4% — — +119.4% −1.1% −16.1%
Net income — −7.7% +79.7% +5.6% −9.0% +45.2% −58.4% −18.1% −296.0% — — +26.8% −469.5% — — +168.4% +2.2% −14.7%
Diluted EPS — −7.8% +79.7% +4.7% −9.9% +45.0% −57.9% −14.8% −294.2% — — +26.3% −445.8% — — +164.3% +0.9% −16.4%
Margins
Gross margin 35.7% 29.4% 31.6% 30.3% 31.1% 30.9% 25.8% 24.1% 21.9% 23.9% 20.0% 21.0% 7.4% 16.2% 21.9% 25.2% 23.5% 23.3%
EBITDA margin — — — — — — — — — — 2.9% 5.1% −6.7% 4.6% 6.7% 10.1% 9.3% 8.9%
Operating margin — — — — — — — — — — 0.7% 3.1% −9.2% 0.8% 3.7% 7.2% 6.1% 5.4%
Net margin 10.2% 7.9% 10.2% 10.6% 9.9% 10.9% 6.8% 5.5% −12.7% −0.3% 2.1% 2.4% −7.1% 0.2% 2.5% 5.8% 5.1% 4.5%
Free-cash-flow margin 47.1% −16.6% −0.6% 10.3% 9.8% 0.7% 19.5% 13.1% 8.3% 6.3% −1.3% −4.0% −3.7% 6.5% 10.2% 2.6% −0.0% −2.3%
Cash flow
Cash from operations 30 −10 3 12 15 6 19 12 9 8 1 −2 −2 14 28 24 16 6
Capital spending 1 2 3 2 5 5 1 0 2 2 2 2 2 4 9 19 16 12
Free cash flow 29 −12 −1 11 10 1 18 12 6 6 −1 −4 −5 10 19 5 −0 −6
Stock-based pay 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2
Free cash flow after stock pay 29 −13 −1 10 9 0 17 11 6 5 −2 −5 −5 9 18 3 −2 −8
Balance sheet
Cash 5 20 25 24 32 27 24 39 40 15 33 60 15 18 17 22 7 27
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 19 13 0 0 13 0
Net debt (negative = net cash) −5 −20 −25 −24 −32 −27 −24 −39 −40 −15 −33 −60 4 −6 −17 −22 6 −27
Diluted shares 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 10m 11m 11m 11m 11m 11m 11m
Returned to shareholders
Dividends 1 1 1 1 1 2 3 3 4 4 4 4 4 0 0 — — —
Buybacks 0 1 0 — — — 9 0 0 0 0 0 0 0 0 1 — —
Total returned 1 2 1 1 1 2 13 4 4 4 4 4 4 0 0 1 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · June 30, 2026
What it owns · $364m
Short-term assets $198mLonger-term assets $166m
What it owes, and who funded it · $364m
Short-term liabilities $161mLonger-term liabilities $11mShareholders' equity $192m
  • Short-term assets cover short-term liabilities $198m of assets due within a year against $161m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $198m short-term assets against $11m of longer-dated liabilities.
  • More cash than debt $27m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 17% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Graham Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.0%
year over year
Sales & admin spending
17.1%
of revenue
Days sales outstanding
70 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated GHM KEQU PPIH HURC TWIN AP Median
Revenue, last 12 months $261m $277m $226m $183m $381m $428m $1.4bn
Revenue growth, last 12 months 21.2% 5.3% 24.8% −1.9% 11.9% 3.3% 8.3%
Revenue growth, 3-year average 15.7% 8.1% 17.6% −6.6% 11.2% 1.8% 4.0%
Revenue growth, latest quarter 28.6% −6.7% 24.4% 3.2% 18.3% −9.0% 9.1%
Gross margin 23.3% 28.6% 31.1% 21.4% 26.9% 17.3% 35.2%
Operating margin 5.4% 5.4% 12.1% −2.8% 3.6% −11.1% 13.1%
Operating margin, 3-year average 5.6% 7.2% 12.3% −3.0% 3.1% −5.8% 13.7%
Net margin 4.5% 3.0% 6.9% −3.6% 7.1% −13.8% 8.9%
Cash from operations / revenue 2.1% 5.3% 10.5% 4.9% 6.0% 2.5% 11.9%
Free-cash-flow margin −2.3% 3.9% 6.0% 4.6% 2.4% −0.9% 8.8%
Free-cash-flow margin, 3-year average 0.8% 4.9% 4.7% 3.7% 4.5% −1.3% 9.8%
Stock pay / revenue 0.9% 1.3% 0.6% 0.9% — 0.3% 0.8%
Change in share count 2.0% −0.2% 2.5% −0.3% 3.1% 2.2% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 21.2% 8.3% 13 of 75
Change in growth rate Growth +4.4pp +1.2pp 20 of 75
Gross margin Profitability 23.3% 35.4% 58 of 70
Operating margin Profitability 5.4% 13.0% 50 of 75
Net margin Profitability 4.5% 8.9% 49 of 76
Free-cash-flow margin Cash generation -2.3% 9.1% 60 of 76
Stock pay as % of revenue Cash generation 0.9% 0.8% 40 of 70
Long-term debt as % of assets Balance sheet 0.0% 23.4% 1 of 59
Change in share count Balance sheet 2.0% -0.0% 55 of 73
Days sales outstanding Balance sheet 70 days 63 days 46 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to March 31, 2026
Products and services
Line of business Revenue Share YoY
Defense $147M 60.1% ▲ 20.9%
Energy and Process $83.3M 34.0% ▲ 13.7%
Space $14.5M 5.9% ▼ 1.2%
Geography
Region Revenue Share YoY
United States $210M 85.5% ▲ 23.4%
Asia $12.6M 5.1% ▼ 25.2%
Canada $11.2M 4.6% ▲ 47.9%
Middle East $7M 2.9% ▼ 1.2%
All Other Countries $3.6M 1.5% ▼ 50.7%
South America $1.3M 0.5% ▲ 7.4%

From Graham Corp's 10-K filed June 8, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
221
Shares held vs prior quarter
▲ 19.0%
Positions opened / closed
59 / 16

Top buyers and sellers, Q2 2026: 143 institutions bought and 70 sold ; the biggest buyer was T. Rowe Price Investment Management, Inc (+607K shares) and the biggest seller American Century Companies Inc (−102K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Brandes Investment Partners, LP $134M 1.1M 10.1% ▼ 7.8%
Blackrock, Inc. $110M 891K 8.3% ▲ 16.2%
T. Rowe Price Investment Management, Inc. $75.2M 607K 5.7% New
Vanguard Capital Management LLC $60.1M 486K 4.6% ▲ 7.0%
Royce & Associates LP $55.3M 446K 4.2% ▼ 0.5%
First Eagle Investment Management, LLC $48.1M 388K 3.6% ▲ 80.1%
William Blair Investment Management, LLC $45.2M 365K 3.4% ▲ 16.1%
Geode Capital Management, LLC $37.6M 304K 2.8% ▲ 22.5%
Driehaus Capital Management LLC $36.3M 293K 2.7% ▼ 14.5%
State Street Corp $30M 242K 2.3% ▲ 13.2%
GAMCO Investors, Inc. Et Al $27.5M 222K 2.1% ▼ 9.0%
Dimensional Fund Advisors LP $27.4M 222K 2.1% ▼ 1.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Graham Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 6, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • June 8, 2026
  • February 6, 2026
  • November 7, 2025
  • August 5, 2025
  • June 9, 2025

Recent SEC filings

Data status

When each part of this page on Graham Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Graham Corp in brief

What does Graham Corp do?
Graham Corp is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in March.
What is Graham Corp's stock ticker?
Graham Corp trades under the ticker GHM on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Graham Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Graham Corp reported revenue of $261M, 21.2% higher than a year earlier, according to its SEC filings.
What is Graham Corp's free cash flow?
Graham Corp's free-cash-flow margin is -2.3% of revenue over the trailing twelve months, ranking 60 of the 76 industrial machinery & supplies & components companies we cover.
Who are Graham Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Brandes Investment Partners, LP, Blackrock, Inc. and T. Rowe Price Investment Management, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Graham Corp's market cap?
On November 2, 2026, Graham Corp's market capitalisation was about $800M, with a price-to-earnings ratio of 67.7 and net debt of -$27M. Market figures come from third-party market data and may be delayed.
How much debt does Graham Corp have?
Graham Corp's debt-to-equity ratio is 0.0%, from its latest balance sheet (17.4% five years earlier). The financial health section below sets out its other solvency checks.
Who are Graham Corp's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Graham Corp are Kewaunee Scientific Corp, Perma-pipe International Holdings, Inc., Hurco Companies Inc, Twin Disc Inc and Ampco Pittsburgh Corp. The side-by-side comparison below sets their revenue, margins and growth against Graham Corp's.
When is Graham Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Graham Corp announces its own schedule.