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Graham Corporation (GHM) 10-Year Financial Performance & Capital Metrics

GHM • • Industrial / General
IndustrialsIndustrial MachineryFluid Handling & Pumping SystemsIndustrial Pumps & Valves
AboutGraham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems comprising ejectors and surface condensers; torpedo ejection and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems, including pumps, blowers, and electronics. The company also provides rocket propulsion systems, such as turbopumps and fuel pumps; cooling systems comprising pumps, compressors, fans, and blowers; and life support systems, including fans, pumps, and blowers. In addition, it offers heat transfer and vacuum systems comprising ejectors, process condensers, surface condensers, liquid ring pumps, heat exchangers, and nozzles, as well as turbomachinery products; and power generation systems, including turbines, generators, compressors, and pumps. The company also services and sells spare parts for its equipment. It sells its products directly in the United States, the Middle East, Canada, Asia, South America, and internationally. Graham Corporation was founded in 1936 and is headquartered in Batavia, New York.Show more
  • Revenue $210M +13.1%
  • EBITDA $21M +71.0%
  • Net Income $12M +168.4%
  • EPS (Diluted) 1.11 +164.3%
  • Gross Margin 25.18% +15.1%
  • EBITDA Margin 10.06% +51.1%
  • Operating Margin 7.24% +93.9%
  • Net Margin 5.83% +137.3%
  • ROE 10.86% +141.4%
  • ROIC 11.32% +113.1%
  • Debt/Equity 0.06 -22.1%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y profit CAGR of 45.6%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Momentum leader: RS Rating 88 (top 12%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 18.3%

✗Weaknesses

  • ✗Thin 5Y average net margin of 0.8%

* 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

10Y4.5%
5Y18.3%
3Y19.56%
TTM16.04%

Profit (Net Income) CAGR

10Y-1.85%
5Y45.55%
3Y-
TTM76.32%

EPS CAGR

10Y-2.64%
5Y42.34%
3Y-
TTM75.86%

ROCE

10Y Avg1.15%
5Y Avg2.47%
3Y Avg6.48%
Latest12.47%

Peer Comparison

Industrial Pumps & Valves
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GHMGraham Corporation801.57M72.9565.7213.13%6%10.71%0.67%0.06
HLIOHelios Technologies, Inc.2.05B61.8652.87-3.55%4.18%3.68%4.64%0.55
SPXCSPX Technologies, Inc.10.52B211.0749.2013.94%10.34%10.41%2.36%0.48
IRIngersoll Rand Inc.33.91B85.8341.675.22%7.31%5.35%3.68%0.49
FLSFlowserve Corporation9.51B74.8434.975.49%9.66%19.48%3.62%0.82
PHParker-Hannifin Corporation118.41B938.3534.60-0.4%18.18%26.41%2.82%0.69
GRCThe Gorman-Rupp Company1.34B50.9833.320.02%7.41%12.4%4.14%1.04
KAIKadant Inc.3.67B311.6532.879.99%10.33%11.29%3.66%0.38

Profit & Loss

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+90.04M91.77M77.53M91.83M90.6M97.49M122.81M157.12M185.53M209.9M
Revenue Growth %-0.33%0.02%-0.16%0.18%-0.01%0.08%0.26%0.28%0.18%0.13%
Cost of Goods Sold+66.78M69.61M60.2M69.92M72.46M77.02M113.69M131.71M144.95M157.03M
COGS % of Revenue0.74%0.76%0.78%0.76%0.8%0.79%0.93%0.84%0.78%0.75%
Gross Profit+23.25M22.16M17.33M21.91M18.15M20.47M9.13M25.41M40.59M52.86M
Gross Margin %0.26%0.24%0.22%0.24%0.2%0.21%0.07%0.16%0.22%0.25%
Gross Profit Growth %-0.44%-0.05%-0.22%0.26%-0.17%0.13%-0.55%1.78%0.6%0.3%
Operating Expenses+16.57M14.86M15.65M17.88M17.5M17.47M20.47M24.16M33.66M37.67M
OpEx % of Revenue0.18%0.16%0.2%0.19%0.19%0.18%0.17%0.15%0.18%0.18%
Selling, General & Admin16.33M14.62M15.41M17.64M16.88M17.47M20.39M23.06M32.22M37.14M
SG&A % of Revenue0.18%0.16%0.2%0.19%0.19%0.18%0.17%0.15%0.17%0.18%
Research & Development3.75M3.86M3.21M3.54M000000
R&D % of Revenue0.04%0.04%0.04%0.04%------
Other Operating Expenses1.79M234K236K823K617K086K1.09M1.45M530K
Operating Income+8.48M6.67M-13.45M-2.42M652K3M-11.34M1.25M6.92M15.19M
Operating Margin %0.09%0.07%-0.17%-0.03%0.01%0.03%-0.09%0.01%0.04%0.07%
Operating Income Growth %-0.61%-0.21%-3.02%0.82%1.27%3.6%-4.78%1.11%4.54%1.19%
EBITDA+10.91M9M-11.23M-213K2.62M4.94M-5.74M7.24M12.35M21.12M
EBITDA Margin %0.12%0.1%-0.14%-0%0.03%0.05%-0.05%0.05%0.07%0.1%
EBITDA Growth %-0.54%-0.18%-2.25%0.98%13.3%0.89%-2.16%2.26%0.71%0.71%
D&A (Non-Cash Add-back)2.44M2.33M2.22M2.21M1.97M1.95M5.6M5.99M5.43M5.94M
EBIT8.74M7.06M-12.84M-133K2.32M3.28M-10.82M1.25M6.92M15.19M
Net Interest Income+251K376K594K1.45M1.31M156K-400K-939K-248K583K
Interest Income261K386K606K1.46M1.32M167K50K129K00
Interest Expense10K10K12K12K12K11K450K1.07M248K-583K
Other Income/Expense2.04M-244K-14.06M-4.41M1.66M269K127K-689K-1.35M219K
Pretax Income+8.73M7.05M-12.85M-145K2.31M3.27M-11.22M561K5.57M15.41M
Pretax Margin %0.1%0.08%-0.17%-0%0.03%0.03%-0.09%0%0.03%0.07%
Income Tax+2.6M2.03M-3.01M163K440K893K-2.44M194K1.02M3.18M
Effective Tax Rate %0.7%0.71%0.77%2.12%0.81%0.73%0.78%0.65%0.82%0.79%
Net Income+6.13M5.02M-9.84M-308K1.87M2.37M-8.77M367K4.56M12.23M
Net Margin %0.07%0.05%-0.13%-0%0.02%0.02%-0.07%0%0.02%0.06%
Net Income Growth %-0.58%-0.18%-2.96%0.97%7.08%0.27%-4.7%1.04%11.41%1.68%
Net Income (Continuing)6.13M5.02M-9.84M-308K1.87M2.37M-8.77M367K4.56M12.23M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+0.610.52-1.01-0.030.190.24-0.83-0.050.421.11
EPS Growth %-0.58%-0.15%-2.94%0.97%7.05%0.26%-4.46%0.95%10.31%1.64%
EPS (Basic)0.610.52-1.01-0.030.190.24-0.83-0.050.421.12
Diluted Shares Outstanding9.98M9.73M9.76M9.82M9.88M9.96M10.54M10.65M10.84M11.07M
Basic Shares Outstanding9.98M9.72M9.75M9.82M9.88M9.96M10.54M10.61M10.74M10.88M
Dividend Payout Ratio0.54%0.7%--2.27%1.85%----

Balance Sheet

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+102.73M110.73M115.4M134.78M126.68M120.25M87.22M110.07M126.33M141.37M
Cash & Short-Term Investments65.07M73.47M76.48M77.75M73M65.03M14.74M18.26M16.94M21.58M
Cash Only24.07M39.47M40.46M15.02M32.95M59.53M14.74M18.26M16.94M21.58M
Short-Term Investments41M34M36.02M62.73M40.05M5.5M0000
Accounts Receivable26.23M27.32M26.58M26.18M30.48M37.37M53.67M63.68M72.42M75.52M
Days Sales Outstanding106.35108.68125.14104.05122.78139.92159.52147.94142.46131.33
Inventory10.81M9.25M11.57M24.67M22.29M17.33M17.41M26.29M33.41M40.02M
Days Inventory Outstanding59.0948.4870.12128.78112.2982.1455.9172.8684.1393.03
Other Current Assets0681K04.85M000302K3.56M4.25M
Total Non-Current Assets+40.4M40.84M27.93M21.49M21.44M24.03M96.47M93.85M107.55M122.74M
Property, Plant & Equipment18.75M17.02M17.05M17.07M17.83M17.71M33.28M33.76M39.39M57.03M
Fixed Asset Turnover4.80x5.39x4.55x5.38x5.08x5.50x3.69x4.65x4.71x3.68x
Goodwill6.94M6.94M1.22M00023.52M23.52M25.52M25.52M
Intangible Assets14.55M14.37M5.09M00029.98M27.5M32.55M30.33M
Long-Term Investments-3.55M-1.71M2.94M0000000
Other Non-Current Assets168K177K202K3.36M3.61M6.32M7.25M6.26M7.12M8.35M
Total Assets+143.13M151.57M143.33M156.27M148.12M144.28M183.69M203.92M233.88M264.11M
Asset Turnover0.63x0.61x0.54x0.59x0.61x0.68x0.67x0.77x0.79x0.79x
Asset Growth %-0.07%0.06%-0.05%0.09%-0.05%-0.03%0.27%0.11%0.15%0.13%
Total Current Liabilities+27.92M32.04M37.3M54.89M49.23M43.57M59.42M86.17M118.21M136.15M
Accounts Payable10.32M10.29M16.15M12.4M14.25M17.97M16.66M20.22M20.79M27.31M
Days Payables Outstanding56.4353.9897.9264.7671.885.1753.556.0452.3563.47
Short-Term Debt55K107K88K51K021K2M2M00
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities5.26M5.08M4.87M8.6M4.45M6.73M7.99M10.4M16.8M19.16M
Current Ratio3.68x3.46x3.09x2.46x2.57x2.76x1.47x1.28x1.07x1.04x
Quick Ratio3.29x3.17x2.78x2.01x2.12x2.36x1.17x0.97x0.79x0.74x
Cash Conversion Cycle109103.1897.34168.07163.27136.89161.93164.77174.25160.88
Total Non-Current Liabilities+5.83M5.42M2.69M2.42M2.16M2.78M27.77M20.82M10.1M8.38M
Long-Term Debt157K143K55K95K0016.38M9.74M00
Capital Lease Obligations157K143K55K95K137K71K7.47M7.58M6.51M5.56M
Deferred Tax Liabilities3.55M4.05M1.43M1.06M721K635K62K108K00
Other Non-Current Liabilities1.97M1.08M1.15M1.17M1.3M2.07M3.86M3.38M3.59M2.83M
Total Liabilities33.75M37.46M39.98M57.3M51.4M46.35M87.2M106.98M128.31M144.53M
Total Debt+212K250K143K146K330K138K26.93M20.38M7.77M6.85M
Net Debt-23.86M-39.22M-40.31M-14.88M-32.63M-59.39M12.19M2.12M-9.17M-14.72M
Debt / Equity0.00x0.00x0.00x0.00x0.00x0.00x0.28x0.21x0.07x0.06x
Debt / EBITDA0.02x0.03x--0.13x0.03x-2.82x0.63x0.32x
Net Debt / EBITDA-2.19x-4.36x---12.45x-12.02x-0.29x-0.74x-0.70x
Interest Coverage847.90x667.30x-1120.67x-201.50x54.33x272.55x-25.21x1.17x27.91x-
Total Equity+109.38M114.11M103.35M98.97M96.72M97.93M96.49M96.93M105.57M119.58M
Equity Growth %-0.06%0.04%-0.09%-0.04%-0.02%0.01%-0.01%0%0.09%0.13%
Book Value per Share10.9611.7310.5810.079.799.839.159.109.7310.81
Total Shareholders' Equity109.38M114.11M103.35M98.97M96.72M97.93M96.49M96.93M105.57M119.58M
Common Stock1.05M1.05M1.06M1.06M1.07M1.07M1.08M1.07M1.1M1.11M
Retained Earnings109.01M110.54M99.01M93.85M91.39M89.37M77.08M77.44M82M94.23M
Treasury Stock-12.32M-12.23M-12.3M-12.39M-12.54M-12.39M-2.96M-2.18M-2.53M-3.39M
Accumulated OCI-10.68M-8.43M-8.25M-8.83M-9.56M-7.4M-6.47M-7.46M-7.01M-6.99M
Minority Interest0000000000

Cash Flow

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+18.75M12.39M8.51M7.92M1.24M-1.72M-2.22M13.91M28.12M24.32M
Operating CF Margin %0.21%0.14%0.11%0.09%0.01%-0.02%-0.02%0.09%0.15%0.12%
Operating CF Growth %1.99%-0.34%-0.31%-0.07%-0.84%-2.39%-0.29%7.27%1.02%-0.14%
Net Income6.13M5.02M-9.84M-308K1.87M2.37M-8.77M367K4.56M12.23M
Depreciation & Amortization2.44M2.33M2.22M2.21M1.97M1.95M5.6M5.99M5.43M5.94M
Stock-Based Compensation697K627K577K1.07M0864K809K806K1.28M1.96M
Deferred Taxes-1.52M-884K-3.09M-159K-287K-561K-3.23M-120K-472K1.47M
Other Non-Cash Items1.22M1.39M15.89M7.35M2.15M1.25M-881K3.93M1.87M395K
Working Capital Changes9.79M3.91M2.75M-2.24M-4.47M-7.6M4.26M2.94M15.46M2.33M
Change in Receivables4.44M1.13M-5.47M-1.23M-4.44M-5.87M-1.71M-12.57M-7.87M-4.83M
Change in Inventory3.17M1.56M-2.31M-2.07M2.28M5.18M3.48M-9.92M-6.22M-6.63M
Change in Payables-2.84M78K5.76M-2.57M1.83M3.56M-3.24M3.47M401K3.49M
Cash from Investing+-9.15M6.68M-4.07M-28.85M20.88M32.4M-57.11M-3.75M-15.99M-19.13M
Capital Expenditures-1.15M-325K-2.05M-2.14M-2.42M-2.16M-2.32M-3.75M-9.23M-18.96M
CapEx % of Revenue0.01%0%0.03%0.02%0.03%0.02%0.02%0.02%0.05%0.09%
Acquisitions----------
Investments----------
Other Investing3K1K6K-26.71M07K0044K0
Cash from Financing+-12.69M-3.46M-3.74M-3.77M-4.51M-4.45M14.42M-6.44M-13.39M-521K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-3.3M-3.49M-3.52M-3.83M-4.25M-4.39M-3.52M000
Share Repurchases----------
Other Financing6K-19K0000-271K-122K-993K0
Net Change in Cash----------
Free Cash Flow+17.6M12.06M6.46M5.78M-1.18M-3.88M-4.54M10.16M18.89M5.36M
FCF Margin %0.2%0.13%0.08%0.06%-0.01%-0.04%-0.04%0.06%0.1%0.03%
FCF Growth %16.98%-0.31%-0.46%-0.11%-1.2%-2.29%-0.17%3.24%0.86%-0.72%
FCF per Share1.761.240.660.59-0.12-0.39-0.430.951.740.48
FCF Conversion (FCF/Net Income)3.06x2.47x-0.86x-25.70x0.66x-0.73x0.25x37.91x6.17x1.99x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)5.43%4.5%-9.05%-0.3%1.91%2.44%-9.02%0.38%4.5%10.86%
Return on Invested Capital (ROIC)7.27%6.24%-14.63%-2.47%0.66%4.38%-11.56%0.9%5.31%11.32%
Gross Margin25.83%24.15%22.35%23.86%20.03%21%7.43%16.17%21.87%25.18%
Net Margin6.81%5.47%-12.7%-0.34%2.07%2.44%-7.14%0.23%2.46%5.83%
Debt / Equity0.00x0.00x0.00x0.00x0.00x0.00x0.28x0.21x0.07x0.06x
Interest Coverage847.90x667.30x-1120.67x-201.50x54.33x272.55x-25.21x1.17x27.91x-
FCF Conversion3.06x2.47x-0.86x-25.70x0.66x-0.73x0.25x37.91x6.17x1.99x
Revenue Growth-33.39%1.92%-15.51%18.44%-1.34%7.6%25.98%27.93%18.09%13.13%

Revenue by Segment

2015201620172018201920202021202220232024
Defense-------65.33M99.49M121.92M
Defense Growth--------52.30%22.55%
Space-------21.18M13.28M14.68M
Space Growth---------37.29%10.56%
Refining-------27.27M29.09M-
Refining Growth--------6.66%-
Other Commercial-------21.39M22.78M-
Other Commercial Growth--------6.48%-
Heat Transfer Equipment31.48M27.62M27.02M24.79M31.99M41.13M31.95M---
Heat Transfer Equipment Growth--12.27%-2.15%-8.28%29.05%28.60%-22.33%---
Power Systems------25.21M---
Power Systems Growth----------
Fluid Systems------22.66M---
Fluid Systems Growth----------
All Other Product Lines30.24M34.48M28.34M32.59M25.26M19.56M22.51M---
All Other Product Lines Growth-14.04%-17.82%15.00%-22.47%-22.56%15.06%---
Vacuum Equipment28.32M29.67M22.18M34.46M33.35M36.79M20.49M---
Vacuum Equipment Growth-4.76%-25.27%55.40%-3.21%10.31%-44.31%---

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES57.03M69.17M51.95M59.44M58.04M52.72M97.72M127.52M155.91M169.94M
UNITED STATES Growth-21.29%-24.89%14.42%-2.35%-9.16%85.34%30.50%22.26%9.00%
Asia8.86M7.71M10.2M10.29M5.52M25.61M13.69M16.04M15.14M16.88M
Asia Growth--12.96%32.28%0.90%-46.40%364.27%-46.56%17.19%-5.59%11.49%
CANADA8.7M3.51M8.89M16.6M8.91M6.54M3.58M4.46M4.23M7.59M
CANADA Growth--59.71%153.51%86.79%-46.35%-26.60%-45.20%24.59%-5.26%79.38%
All Other Countries--1.15M2.56M1.24M1.57M3.37M3.16M6.95M7.23M
All Other Countries Growth---122.59%-51.48%26.15%114.60%-6.09%119.97%4.01%
Middle East11.04M3.16M3.79M2.61M13.11M4.84M2.49M2.91M2.57M7.09M
Middle East Growth--71.37%19.78%-31.04%402.38%-63.06%-48.61%17.08%-11.87%176.01%
South America2.56M4.77M1.56M324K3.78M6.2M1.97M3.02M733K1.17M
South America Growth-86.59%-67.32%-79.23%1067.59%63.94%-68.20%53.19%-75.74%58.94%
MEXICO620K2.69M--------
MEXICO Growth-333.87%--------
Europe856K533K--------
Europe Growth--37.73%--------
Africa112K150K--------
Africa Growth-33.93%--------
Australia And New Zealand230K42K--------
Australia And New Zealand Growth--81.74%--------
Central America36K38K--------
Central America Growth-5.56%--------

Frequently Asked Questions

Valuation & Price

Graham Corporation (GHM) has a price-to-earnings (P/E) ratio of 65.7x. This suggests investors expect higher future growth.

Growth & Financials

Graham Corporation (GHM) reported $227.9M in revenue for fiscal year 2024. This represents a 121% increase from $103.2M in 2011.

Graham Corporation (GHM) grew revenue by 13.1% over the past year. This is steady growth.

Yes, Graham Corporation (GHM) is profitable, generating $13.7M in net income for fiscal year 2024 (5.8% net margin).

Dividend & Returns

Graham Corporation (GHM) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Graham Corporation (GHM) had negative free cash flow of $10.7M in fiscal year 2024, likely due to heavy capital investments.

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