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Griffon Corporation (GFF) 10-Year Financial Performance & Capital Metrics

GFF • • Industrial / General
IndustrialsConglomeratesDiversified Industrial ConglomeratesIndustrial Manufacturing & Building Products
AboutGriffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail chains, mass merchandisers, and direct-to builder professional installers; wheelbarrows and lawn carts; snow, striking, and hand tools; planters and lawn accessories; garden hoses; and pruners, loppers, shears, and other tools, as well as cleaning products for professional, home, and industrial use. The company's Home & Building Products segment manufactures and markets residential and commercial garage doors for professional dealers and various home center retail chains; and rolling steel door and grille products for commercial, industrial, institutional, and retail uses. It sells its products under the True Temper, AMES, ClosetMaid, Clopay, Ideal, Holmes, CornellCookson, Garant, Harper, UnionTools, Westmix, Cyclone, Southern Patio, Northcote Pottery, Nylex, Hills, Kelkay, Tuscan Path, La Hacienda, Kelso, Dynamic Design, Apta, Quatro Design, Razor-Back, Jackson, Darby, Trojan, Supercraft, NeverLeak, Maximum Load, SuperSlide, ShelfTrack, MasterSuite, Suite Symphony, ExpressShelf, Style+, and SpaceCreations brand names. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in June 1992. Griffon Corporation was founded in 1959 and is headquartered in New York, New York.Show more
  • Revenue $2.52B -3.9%
  • EBITDA $269M -41.3%
  • Net Income $51M -75.6%
  • EPS (Diluted) 1.09 -74.2%
  • Gross Margin 41.99% +8.0%
  • EBITDA Margin 10.69% -38.9%
  • Operating Margin 8.19% -46.1%
  • Net Margin 2.03% -74.6%
  • ROE 34.2% -56.0%
  • ROIC 9.14% -43.7%
  • Debt/Equity 21.52 +183.6%
  • Interest Coverage 2.15 -43.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 43.8%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 6.0% through buybacks
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 21.5x
  • ✗Thin 5Y average net margin of 1.9%
  • ✗Expensive at 53.8x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.26%
5Y4.05%
3Y-4%
TTM-3.37%

Profit (Net Income) CAGR

10Y4.07%
5Y-0.88%
3Y-
TTM-63.05%

EPS CAGR

10Y4.09%
5Y17.82%
3Y-
TTM-61.13%

ROCE

10Y Avg7.27%
5Y Avg7.85%
3Y Avg13.12%
Latest11%

Peer Comparison

Industrial Manufacturing & Building Products
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GFFGriffon Corporation3.97B85.2078.17-3.95%2.78%109.49%7.65%21.52
VMIValmont Industries, Inc.8.67B440.0325.60-2.38%5.7%14.02%5.69%0.54
NNBRNN, Inc.73.29M1.46-1.32-5.11%-10.01%-27.05%2.64

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+1.96B1.52B1.98B2.21B2.07B2.27B2.85B2.69B2.62B2.52B
Revenue Growth %-0.03%-0.22%0.3%0.12%-0.06%0.1%0.25%-0.06%-0.02%-0.04%
Cost of Goods Sold+1.48B1.12B1.45B1.61B1.48B1.63B1.9B1.74B1.6B1.46B
COGS % of Revenue0.76%0.73%0.73%0.73%0.72%0.72%0.67%0.65%0.61%0.58%
Gross Profit+473.43M408.12M529.56M595.27M588.15M641.11M950.25M948.82M1.02B1.06B
Gross Margin %0.24%0.27%0.27%0.27%0.28%0.28%0.33%0.35%0.39%0.42%
Gross Profit Growth %-0%-0.14%0.3%0.12%-0.01%0.09%0.48%-0%0.07%0.04%
Operating Expenses+364.03M339.09M433.11M460M448.61M470.53M1.14B751.93M621.64M851.73M
OpEx % of Revenue0.19%0.22%0.22%0.21%0.22%0.21%0.4%0.28%0.24%0.34%
Selling, General & Admin364.03M339.09M433.11M460M410.21M470.53M554.27M642.73M579.92M608.12M
SG&A % of Revenue0.19%0.22%0.22%0.21%0.2%0.21%0.19%0.24%0.22%0.24%
Research & Development18M17.7M15.4M15.4M8M015.6M019.4M0
R&D % of Revenue0.01%0.01%0.01%0.01%0%-0.01%-0.01%-
Other Operating Expenses768K-880K1.23M-15.4M30.4M0569.45M109.2M22.32M243.61M
Operating Income+103.51M69.03M96.45M135.26M139.54M170.58M-189.07M196.89M398.3M206.28M
Operating Margin %0.05%0.05%0.05%0.06%0.07%0.08%-0.07%0.07%0.15%0.08%
Operating Income Growth %0.02%-0.33%0.4%0.4%0.03%0.22%-2.11%2.04%1.02%-0.48%
EBITDA+149.85M116.91M152.25M197.11M191.64M222.88M-124.41M262.33M459M269.29M
EBITDA Margin %0.08%0.08%0.08%0.09%0.09%0.1%-0.04%0.1%0.17%0.11%
EBITDA Growth %-0.12%-0.22%0.3%0.29%-0.03%0.16%-1.56%3.11%0.75%-0.41%
D&A (Non-Cash Add-back)46.34M47.88M55.8M61.85M52.1M52.3M64.66M65.44M60.7M63.01M
EBIT82.34M68.21M99.38M140.24M156M173.13M363.7M214.13M400.74M223.38M
Net Interest Income+-49.88M-51.45M-63.87M-67.51M-65.8M-62.73M-84.16M-99.35M-101.65M-93.86M
Interest Income66K64K1.7M806K753K440K215K2.09M2.43M2.15M
Interest Expense49.94M51.51M65.57M68.07M66.54M63.17M84.38M101.44M104.09M96.01M
Other Income/Expense-50.13M-50.34M-58.99M-63.09M-72.06M-60.63M-81.81M-84.2M-101.65M-78.91M
Pretax Income+53.16M16.7M33.81M72.18M67.48M109.95M-270.88M112.68M296.65M127.37M
Pretax Margin %0.03%0.01%0.02%0.03%0.03%0.05%-0.1%0.04%0.11%0.05%
Income Tax+23.15M-1.08M555K26.56M26.04M39.65M16.84M35.06M86.75M76.26M
Effective Tax Rate %0.56%0.89%3.72%0.52%0.79%0.72%0.71%0.69%0.71%0.4%
Net Income+30.01M14.91M125.68M37.29M53.43M79.21M-191.56M77.62M209.9M51.11M
Net Margin %0.02%0.01%0.06%0.02%0.03%0.03%-0.07%0.03%0.08%0.02%
Net Income Growth %-0.12%-0.5%7.43%-0.7%0.43%0.48%-3.42%1.41%1.7%-0.76%
Net Income (Continuing)19.78M17.78M33.26M25.47M41.44M70.3M-287.71M77.62M209.9M51.11M
Discontinued Operations10.23M092.42M11.82M11.98M8.91M96.16M000
Minority Interest0000000000
EPS (Diluted)+0.680.352.960.870.481.39-5.791.424.231.09
EPS Growth %-0.07%-0.49%7.46%-0.71%-0.45%1.9%-5.17%1.25%1.98%-0.74%
EPS (Basic)0.730.363.060.910.511.45-5.791.494.411.13
Diluted Shares Outstanding44.11M43.01M42.42M42.89M45.02M53.37M51.67M54.61M49.67M46.69M
Basic Shares Outstanding41.07M41.01M41.01M40.93M42.59M50.83M51.67M52.11M47.57M45.35M
Dividend Payout Ratio0.29%0.69%0.4%0.37%0.27%0.22%-1.72%0.17%0.78%

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+780.96M1.1B912.87M925.18M1.11B1.37B1.21B980.59M929.48M890.59M
Cash & Short-Term Investments72.55M47.68M69.76M72.38M218.09M248.65M120.18M102.89M114.44M99.05M
Cash Only72.55M47.68M69.76M72.38M218.09M248.65M120.18M102.89M114.44M99.05M
Short-Term Investments0000000000
Accounts Receivable311.3M208.23M280.51M264.45M278.42M294.8M361.65M312.43M312.76M290.81M
Days Sales Outstanding58.0649.8451.7643.6949.1847.3946.3442.4743.5142.12
Inventory308.87M299.44M398.36M442.12M413.82M472.79M669.19M507.13M425.49M440.77M
Days Inventory Outstanding75.9897.86100.3999.98102.17105.9128.67106.696.85110.05
Other Current Assets112.36M502.71M122.13M105.43M154.18M274.02M1.19M58.14M76.78M59.97M
Total Non-Current Assets+1B775.41M1.17B1.15B1.34B1.24B1.6B1.44B1.44B1.17B
Property, Plant & Equipment405.4M232.13M342.49M337.33M505.59M437.22M477.96M449.16M459.51M461.36M
Fixed Asset Turnover4.83x6.57x5.78x6.55x4.09x5.19x5.96x5.98x5.71x5.46x
Goodwill361.19M319.14M439.39M437.07M442.64M426.15M335.79M327.86M329.39M192.92M
Intangible Assets210.6M205.13M370.86M356.64M355.03M350.02M761.91M635.24M618.78M488.11M
Long-Term Investments00-61K-137K00-95.97M-100.99M00
Other Non-Current Assets23.95M19.01M19.27M18.73M38.69M25.01M26.14M127.02M33.8M30.66M
Total Assets+1.78B1.87B2.08B2.07B2.46B2.6B2.82B2.42B2.37B2.06B
Asset Turnover1.10x0.81x0.95x1.06x0.84x0.87x1.01x1.11x1.11x1.22x
Asset Growth %0.03%0.05%0.11%-0%0.18%0.06%0.08%-0.14%-0.02%-0.13%
Total Current Liabilities+318.26M371.08M393.07M390.1M441.82M531.64M423.58M359.15M348.99M334.56M
Accounts Payable148.13M183.95M233.66M250.58M172.54M260.04M194.79M116.65M119.35M137.48M
Days Payables Outstanding36.4460.1258.8856.6742.658.2537.4624.5227.1734.33
Short-Term Debt13.93M11.08M13.01M10.53M9.92M12.49M12.65M9.63M8.15M8.1M
Deferred Revenue (Current)1000K1000K1000K1000K1000K00000
Other Current Liabilities89.15M105.32M40.85M-104.62M-12.59M157.28M90.48M84.71M86.91M73.97M
Current Ratio2.45x2.96x2.32x2.37x2.50x2.57x2.87x2.73x2.66x2.66x
Quick Ratio1.48x2.15x1.31x1.24x1.57x1.68x1.29x1.32x1.44x1.34x
Cash Conversion Cycle97.687.5893.2787.01108.7595.05137.56124.55113.19117.84
Total Non-Current Liabilities+1.05B1.1B1.22B1.21B1.31B1.27B1.92B1.74B1.8B1.66B
Long-Term Debt896.95M968.08M1.11B1.09B1.02B1.03B1.56B1.46B1.52B1.4B
Capital Lease Obligations007.42M2.85M145.93M119.31M159.41M147.22M147.37M147.2M
Deferred Tax Liabilities0042.69M31.14M34.01M00000
Other Non-Current Liabilities155.94M135.57M101.93M110.47M138.99M113.38M194.91M137.36M133.81M103.52M
Total Liabilities1.37B1.47B1.61B1.6B1.76B1.8B2.34B2.1B2.15B1.99B
Total Debt+910.88M979.16M1.12B1.1B1.21B1.19B1.76B1.65B1.71B1.59B
Net Debt838.33M931.48M1.05B1.03B989.13M946.23M1.64B1.55B1.59B1.49B
Debt / Equity2.22x2.46x2.36x2.31x1.72x1.48x3.70x5.23x7.59x21.52x
Debt / EBITDA6.08x8.38x7.36x5.60x6.30x5.36x-6.29x3.72x5.91x
Net Debt / EBITDA5.59x7.97x6.91x5.24x5.16x4.25x-5.90x3.47x5.54x
Interest Coverage2.07x1.34x1.47x1.99x2.10x2.70x-2.24x1.94x3.83x2.15x
Total Equity+410.95M398.81M474.39M477.76M700.15M807.16M477.57M315.24M224.89M73.97M
Equity Growth %-0.05%-0.03%0.19%0.01%0.47%0.15%-0.41%-0.34%-0.29%-0.67%
Book Value per Share9.329.2711.1811.1415.5515.129.245.774.531.58
Total Shareholders' Equity410.95M398.81M474.39M477.76M700.15M807.16M477.57M315.24M224.89M73.97M
Common Stock19.99M20.17M20.38M20.69M20.93M21.09M21.19M21.19M21.19M21.19M
Retained Earnings475.76M480.35M550.52M568.52M607.52M670M344.06M281.52M461.44M479.05M
Treasury Stock-501.87M-489.23M-534.83M-536.31M-413.49M-416.85M-420.12M-577.69M-876.53M-1.04B
Accumulated OCI-81.24M-60.48M-34.11M-65.92M-72.09M-45.98M-82.74M-70.01M-58.02M-71.92M
Minority Interest0000000000

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+104.38M96.34M12.57M111.83M134.01M111.77M69.44M428.77M377.27M356.02M
Operating CF Margin %0.05%0.06%0.01%0.05%0.06%0.05%0.02%0.16%0.14%0.14%
Operating CF Growth %0.39%-0.08%-0.87%7.9%0.2%-0.17%-0.38%5.17%-0.12%-0.06%
Net Income19.78M17.78M33.26M25.47M41.44M70.3M-287.71M77.62M209.9M51.11M
Depreciation & Amortization46.34M47.88M55.8M51.52M52.1M52.3M64.66M65.44M60.7M63.01M
Stock-Based Compensation10.14M8.09M19.61M15.91M17.58M20.09M33.13M41.11M26.84M25.48M
Deferred Taxes6.04M2.34M-17.63M-5.46M2.12M13.76M-56.71M-37.8M3.57M-28.48M
Other Non-Cash Items31.62M51.85M-40.02M27.24M44.44M51.99M546.71M158.12M27.95M238.65M
Working Capital Changes-9.54M-31.6M-38.45M-2.84M-23.68M-96.67M-230.64M124.27M48.3M6.24M
Change in Receivables-35.93M-19.13M2.68M13.42M-72.46M-7M-20.66M51.12M4.24M18.85M
Change in Inventory16.1M-29.3M-52.12M-31.77M23.26M-154.51M-106.75M129.21M73.58M-18.31M
Change in Payables0000000000
Cash from Investing+-93.6M-116.41M-8.19M-74.55M-58.86M-49.42M-585.85M-45.21M-65M-34.29M
Capital Expenditures-59.28M-34.94M-50.14M-34.87M-41.17M-36.95M-42.49M-63.6M-68.4M-52.44M
CapEx % of Revenue0.03%0.02%0.03%0.02%0.02%0.02%0.01%0.02%0.03%0.02%
Acquisitions----------
Investments----------
Other Investing-29.86M-46.76M-1.84M-20.82M-7.04M6.99M12.39M20.96M14.48M18.14M
Cash from Financing+8.89M-4.97M16.52M-34.98M68.19M-28.25M393.35M-400.16M-298.75M-338.75M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-8.8M-10.32M-49.8M-13.68M-14.53M-17.14M-126.68M-133.81M-35.81M-39.69M
Share Repurchases----------
Other Financing-10.86M-41.79M-30.28M-2.96M-19.13M-828K-16.81M-3.15M-1.25M-130K
Net Change in Cash----------
Free Cash Flow+13.62M61.41M-29.32M66.47M85.01M74.82M26.95M365.17M308.87M303.58M
FCF Margin %0.01%0.04%-0.01%0.03%0.04%0.03%0.01%0.14%0.12%0.12%
FCF Growth %7.52%3.51%-1.48%3.27%0.28%-0.12%-0.64%12.55%-0.15%-0.02%
FCF per Share0.311.43-0.691.551.891.400.526.696.226.50
FCF Conversion (FCF/Net Income)3.48x6.46x0.10x3.00x2.51x1.41x-0.36x5.52x1.80x6.97x
Interest Paid43.21M48.14M59.79M63.58M63.14M60.78M78.27M99.83M100.68M0
Taxes Paid3.43M21M32.14M25.34M21.02M41.22M80.26M70.94M102.98M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)7.13%3.68%28.79%7.83%9.07%10.51%-29.82%19.58%77.72%34.2%
Return on Invested Capital (ROIC)6.28%4.01%5.07%6.68%6.54%7.43%-7.32%7.41%16.24%9.14%
Gross Margin24.19%26.76%26.77%26.94%28.46%28.24%33.36%35.34%38.88%41.99%
Net Margin1.53%0.98%6.35%1.69%2.59%3.49%-6.72%2.89%8%2.03%
Debt / Equity2.22x2.46x2.36x2.31x1.72x1.48x3.70x5.23x7.59x21.52x
Interest Coverage2.07x1.34x1.47x1.99x2.10x2.70x-2.24x1.94x3.83x2.15x
FCF Conversion3.48x6.46x0.10x3.00x2.51x1.41x-0.36x5.52x1.80x6.97x
Revenue Growth-2.92%-22.08%29.7%11.7%-6.46%9.88%25.45%-5.73%-2.3%-3.95%

Revenue by Segment

2016201720182019202020212022202320242025
Home and Building Products (HBP)---873.64M927.31M----1.58B
Home and Building Products (HBP) Growth----6.14%-----
Consumer And Professional Products----1.14B1.23B1.34B1.1B1.03B935.74M
Consumer And Professional Products Growth-----7.93%9.12%-18.26%-5.63%-9.58%
Home And Building Products1.04B1.11B1.65B--1.04B1.51B1.59B1.59B-
Home And Building Products Growth-6.91%48.35%---44.74%5.42%0.01%-
Defense Electronics---335.04M340.98M-----
Defense Electronics Growth----1.77%-----
Consumer And Professional Products---1B------
Consumer And Professional Products Growth----------
Ames True Temper Inc513.97M545.27M953.61M-------
Ames True Temper Inc Growth-6.09%74.89%-------
Clopay Building Products527.37M568M697.97M-------
Clopay Building Products Growth-7.70%22.88%-------
Telephonics435.69M411.73M326.34M-------
Telephonics Growth--5.50%-20.74%-------
Plastics480.13M---------
Plastics Growth----------

Revenue by Geography

2016201720182019202020212022202320242025
Europe198.9M67.05M102.81M----51.06M53.05M41.77M
Europe Growth--66.29%53.34%-----3.89%-21.26%
All Other Countries65.13M62.15M63.6M----32.41M32.48M37.01M
All Other Countries Growth--4.57%2.32%-----0.23%13.93%
United States-------2.23B2.16B-
United States Growth---------3.30%-
Australia-------231.76M251.78M-
Australia Growth--------8.64%-
Canada-------138.37M128.37M-
Canada Growth---------7.23%-
UNITED STATES1.4B1.16B1.52B-------
UNITED STATES Growth--16.56%30.58%-------
AUSTRALIA111.59M124.76M166.98M-------
AUSTRALIA Growth-11.80%33.84%-------
CANADA112.65M106.08M123.34M-------
CANADA Growth--5.83%16.27%-------
South America72.81M---------
South America Growth----------

Frequently Asked Questions

Valuation & Price

Griffon Corporation (GFF) has a price-to-earnings (P/E) ratio of 78.2x. This suggests investors expect higher future growth.

Growth & Financials

Griffon Corporation (GFF) reported $2.52B in revenue for fiscal year 2025. This represents a 35% increase from $1.86B in 2012.

Griffon Corporation (GFF) saw revenue decline by 3.9% over the past year.

Yes, Griffon Corporation (GFF) is profitable, generating $70.0M in net income for fiscal year 2025 (2.0% net margin).

Dividend & Returns

Yes, Griffon Corporation (GFF) pays a dividend with a yield of 1.00%. This makes it attractive for income-focused investors.

Griffon Corporation (GFF) has a return on equity (ROE) of 34.2%. This is excellent, indicating efficient use of shareholder capital.

Griffon Corporation (GFF) generated $294.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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