GRAHAM CORP GHM

Industrials SIC 3560 - General Industrial Machinery & Equipment NAICS Manufacturing › Machinery Manufacturing › Other General Purpose Machinery Manufacturing derived NYSE

Graham Corporation ("we," "us," "our" or the "Company") is a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries. For the Defense industry, our equipment is used in nuclear and non-nuclear propulsion, power, fluid transfer, thermal management, and advanced mixing systems. For the Energy & Process industries we supply equipment for vacuum, heat transfer, advanced mixing, and fluid transfer applications used in oil refining, downstream chemical facilities, fertilizers, ethylene, methanol, energetics, edible oil, food & beverage, pulp & paper, medical, and multiple alternative energy applications such as hydrogen, small modular nuclear, concentrated solar, lithium extraction, and geothermal processes. For the Space industry, our equipment is used in propulsion, power, thermal management, advanced mixing, and life support systems.

Last close 66.10 2026-10-23
Market cap $775.8M 2026-06-30 share count
52-week range 52.57 - 125.82

Valuation FY2025 figures against the last close

P/S3.2x
P/E59.0x
P/FCF—
EV/EBITDA38.4x
Dividend yield—
Diluted EPS1.12

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Asia
  • Canada
  • Middle East
  • All Other
  • Other
Revenue by geography, 6 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 209.6M (85.5%) 85% U.S. Asia, FY2025: 12.6M (5.1%) 5% Asia Canada, FY2025: 11.2M (4.6%) 5% Canada Middle East, FY2025: 7M (2.9%) All Other, FY2025: 3.6M (1.5%) Other, FY2025: 1.3M (0.5%) FY2024 U.S., FY2024: 169.9M (81.0%) 81% Asia, FY2024: 16.9M (8.0%) 8% Canada, FY2024: 7.6M (3.6%) 4% Middle East, FY2024: 7.1M (3.4%) All Other, FY2024: 7.2M (3.4%) 3% Other, FY2024: 1.2M (0.6%) FY2023 U.S., FY2023: 155.9M (84.0%) 84% Asia, FY2023: 15.1M (8.2%) 8% Canada, FY2023: 4.2M (2.3%) Middle East, FY2023: 2.6M (1.4%) All Other, FY2023: 7M (3.7%) 4% Other, FY2023: 733K (0.4%)
Region FY2025FY2024FY2023
U.S. $209.6M $169.9M $155.9M
Asia $12.6M $16.9M $15.1M
Canada $11.2M $7.6M $4.2M
Middle East $7.0M $7.1M $2.6M
All Other $3.6M $7.2M $7.0M
Other $1.3M $1.2M $733.0K

As the company reported it, from the “Revenue Recognition - Revenue Disaggregated by Product Line and Geographic Area (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $245.3M$209.9M$185.5M$157.1M$122.8M$97.5M$90.6M$91.8M$77.5M$91.8M
Cost of revenue $187.5M$157.0M$144.9M$131.7M$113.7M$77.0M$72.5M$69.9M$60.6M$69.6M
Gross profit $57.8M$52.9M$40.6M$25.4M$9.1M$20.5M$18.1M$21.9M$17.0M$22.2M
R&D $6.4M$4.0M$3.9M$4.1M$3.8M$3.4M$3.4M$3.5M$3.2M$3.9M
SG&A $41.6M$37.1M$32.2M$23.1M$20.4M$17.5M$16.9M$17.9M$15.5M$14.6M
Operating income $15.0M$15.2M$6.9M$1.2M-$11.3M$3.0M$652.0K———
Interest expense $257.0K$583.0K$248.0K$939.0K$400.0K$11.0K$12.0K$12.0K$12.0K$10.0K
Pre-tax income $14.8M$15.4M$5.6M$561.0K-$11.2M$3.3M$2.3M-$145.0K-$12.9M$7.0M
Income tax $2.3M$3.2M$1.0M$194.0K$2.4M$893.0K$440.0K$163.0K$3.0M$2.0M
Net income $12.5M$12.2M$4.6M$367.0K-$8.8M$2.4M$1.9M-$308.0K-$9.8M$5.0M
EPS, basic 1.141.120.420.03-0.830.240.19-0.03-1.010.52
EPS, diluted 1.121.110.420.03-0.830.240.19-0.03-1.010.52
Shares, diluted (wtd. avg.) 11.1M11.1M10.8M10.7M10.5M10.0M9.9M9.8M9.8M9.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $6.6M$21.6M$16.9M$18.3M$14.7M$59.5M$33.0M$15.0M$40.5M$39.5M
Receivables $33.8M$35.5M$44.4M$24.0M$27.6M$17.4M$15.4M$17.6M$17.0M$11.5M
Inventory $50.8M$40.0M$33.4M$26.3M$17.4M$17.3M$22.3M$24.7M$11.6M—
Total current assets $156.5M$141.4M$126.3M$110.1M$87.2M$120.2M$126.7M$134.8M$115.4M$110.7M
Property, plant and equipment $60.3M$50.6M$32.1M$25.5M$24.9M$17.6M$17.6M$17.1M$17.1M$17.0M
Goodwill $38.1M$25.5M$25.5M$23.5M$23.5M$0—$0$1.2M$6.9M
Other intangibles $38.7M$23.6M$25.8M$20.8M——————
Total assets $323.6M$264.1M$233.9M$203.9M$183.7M$144.3M$148.1M$156.3M$143.3M$151.6M
Accounts payable $25.7M$27.3M$20.8M$20.2M$16.7M$18.0M$14.3M$12.4M$16.2M$10.3M
Short-term debt ——$0$2.0M$2.0M$0$0$0$0$0
Total current liabilities $156.3M$136.2M$118.2M$86.2M$59.4M$43.6M$49.2M$54.9M$37.3M$32.0M
Long-term debt $13.0M$0$0$9.7M$18.5M$0$0$0$0$0
Total liabilities $183.3M$144.5M$128.3M$107.0M$87.2M$46.4M$51.4M$57.3M$40.0M$37.5M
Retained earnings $106.7M$94.2M$82.0M$77.4M$77.1M$89.4M$91.4M$93.8M$99.0M$110.5M
Total equity $140.3M$119.6M$105.6M$96.9M$96.5M$97.9M$96.7M$99.0M$103.3M$114.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $15.9M$24.3M$28.1M$13.9M-$2.2M-$1.7M$1.2M$7.9M$8.5M$12.4M
Depreciation and amortisation $5.3M$3.7M$3.3M$3.5M$3.1M$1.9M$2.0M$2.0M$2.0M$2.1M
Stock-based compensation $2.1M$2.0M$1.3M$806.0K$809.0K$864.0K$975.0K$1.1M$577.0K$627.0K
Capital expenditure $16.1M$19.0M$9.2M$3.7M$2.3M$2.2M$2.4M$2.1M$2.1M$325.0K
Investing cash flow -$43.1M-$19.1M-$16.0M-$3.7M-$57.1M$32.4M$20.9M-$28.8M-$4.1M$6.7M
Financing cash flow $12.0M-$521.0K-$13.4M-$6.4M$14.4M-$4.5M-$4.5M-$3.8M-$3.7M-$3.5M
Dividends paid ——$0$0$3.5M$4.4M$4.2M$3.8M$3.5M$3.5M
Buybacks —$854.0K$58.0K$21.0K$41.0K$23.0K$230.0K$146.0K$119.0K$29.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-302521.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Revenue, FY2016: 91.8M Gross profit, FY2016: 22.2M Net income, FY2016: 5M Revenue, FY2017: 77.5M Gross profit, FY2017: 17M Net income, FY2017: -9.8M Revenue, FY2018: 91.8M Gross profit, FY2018: 21.9M Net income, FY2018: -308K Revenue, FY2019: 90.6M Gross profit, FY2019: 18.1M Net income, FY2019: 1.9M Revenue, FY2020: 97.5M Gross profit, FY2020: 20.5M Net income, FY2020: 2.4M Revenue, FY2021: 122.8M Gross profit, FY2021: 9.1M Net income, FY2021: -8.8M Revenue, FY2022: 157.1M Gross profit, FY2022: 25.4M Net income, FY2022: 367K Revenue, FY2023: 185.5M Gross profit, FY2023: 40.6M Net income, FY2023: 4.6M Revenue, FY2024: 209.9M Gross profit, FY2024: 52.9M Net income, FY2024: 12.2M Revenue, FY2025: 245.3M Gross profit, FY2025: 57.8M Net income, FY2025: 12.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $91.8M $77.5M $91.8M $90.6M $97.5M $122.8M $157.1M $185.5M $209.9M $245.3M
Gross profit $22.2M $17.0M $21.9M $18.1M $20.5M $9.1M $25.4M $40.6M $52.9M $57.8M
Net income $5.0M -$9.8M -$308.0K $1.9M $2.4M -$8.8M $367.0K $4.6M $12.2M $12.5M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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