GHMNYSEGeneral Industrial Machinery & EquipmentFiscal year ends March 31
GRAHAM CORP
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$69.23+0.75 (+1.10%)
Close on Oct 19, 2026
- Market cap
- $810.68M
- P/E (TTM)
- 66.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
23.5%+2.5 pts over 5 years
Operating margin
6.1%+3.0 pts over 5 years
Net margin
5.1%+2.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +16.9% | +16.0% | +20.3% | +10.5% | |
| Gross profit | +9.2% | +31.5% | +23.1% | +9.5% | |
| Operating income | -1.1% | +129.0% | +38.0% | – | |
| Net income | +2.2% | +224.2% | +39.4% | +7.4% | |
| EPS, diluted | +0.9% | +234.2% | +36.1% | +6.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 4.5% | 2.4% | 9.6% | |
| Return on assets | 3.4% | 1.6% | 4.3% | |
| Current ratio | 3.46 | 2.76 | 1.00 | |
| Debt to equity | – | – | 0.09 | |
| Net debt to EBITDA | – | – | 0.28× | |
| Interest coverage | – | 272.5× | -58.4× | |
| Inventory turnover | – | 3.9× | 4.1× | |
| Capex to revenue | 0.4% | 2.2% | 6.5% | |
| Diluted shares | 10M | 10M | 11M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Graham generated $84.50M from operations and spent $54.81M on capital expenditure, dividends and share buybacks. 92% of that went back into the business.
Generated
$84.50M
Used
$54.81M
Capital expenditure$50.31M92%Dividends$3.52M6%Share buybacks$974.00K2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.1%
×Asset turnover0.83×
×Equity multiplier2.26×
=Return on equity, FY20269.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 5.1% | 0.83× | 2.26× | 9.6% |
| FY2025 | 5.8% | 0.84× | 2.21× | 10.9% |
| FY2024 | 2.5% | 0.85× | 2.16× | 4.5% |
| FY2023 | 0.2% | 0.81× | 2.00× | 0.4% |
| FY2022 | -7.1% | 0.75× | 1.69× | -9.0% |
| FY2021 | 2.4% | 0.67× | 1.50× | 2.4% |
| FY2020 | 2.1% | 0.60× | 1.56× | 1.9% |
| FY2019 | -0.3% | 0.61× | 1.48× | -0.3% |
| FY2018 | -12.7% | 0.53× | 1.36× | -9.1% |
| FY2017 | 5.5% | 0.62× | 1.32× | 4.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$12.50M
- Cash generatingOperating cash flow above zero$15.93M
- Return on assets improvedROA up on the prior year5.2% → 4.7%
- Earnings backed by cashOperating cash flow above net income$15.93M vs $12.50M
- Less leverageLong-term debt to assets fell0.0% → 4.0%
- Better liquidityCurrent ratio rose1.04 → 1.00
- No dilutionShare count did not rise11M → 11M
- Gross margin improvedGross margin up on the prior year25.18% → 23.54%
- More efficientAsset turnover rose0.90 → 0.93