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Graham Corporation

Graham Corporation

NYSE•GHM
CEO: Mr. Daniel J. Thoren
Sector: Industrials
Industry: Industrial - Machinery
Listing Date: 1980-03-17
Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum technologies for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector. The company also provides rocket propulsion systems consisting of turbopumps, fuel, and nuclear fluid pumps; cooling systems, which include pumps, compressors, fans, and blowers; and life support systems that comprise fans, pumps, and blowers for space industry. In addition, it offers heat transfer and vacuum systems, including ejectors, process and surface condensers, liquid ring pumps, heat exchangers, and nozzles; power generation systems, such as turbines, generators, compressors, and pumps; and thermal management systems comprising pumps, blowers, and electronics for energy sector. Further, the company offers heat transfer and vacuum systems consisting of ejectors, process and surface condensers, liquid ring pumps, heat exchangers, and nozzles for chemical and petrochemical processing industry. Additionally, it services and sells spare parts for its equipment. The company 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.
Contact Information
20 Florence Avenue, Batavia, NY, 14020, United States
585-343-2216
grahamcorp.com
Market Cap
$676.48M
P/E (TTM)
49.5
36.5
Dividend Yield
--
52W High
$66.10
52W Low
$24.78
52W Range
89%
Rank45Top 43.2%
4.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$66.03M+23.27%
4-Quarter Trend

EPS

$0.28-6.67%
4-Quarter Trend

FCF

$9.44M-9.65%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Strong Quarterly Sales Growth Net sales reached $66.03M, increasing 23% over prior year, driven by Defense market strength.
Record Backlog Achieved Total backlog hit record $500.07M, reflecting 23% growth, with Defense comprising 85% of total.
Orders Exceed Sales Orders booked totaled $83.20M, resulting in a strong 1.3x book-to-bill ratio for the quarter.
SG&A Efficiency Improvement SG&A as percentage of sales improved to 15.5% this quarter, down from 17.1% last year.

Risk Factors

Gross Margin Compression Noted Gross profit margin declined to 21.7% due to sales mix including high volume, lower margin material receipts.
Tariff Impact on Profit Management estimates tariffs will impact gross profit by $2M to $4M for the full fiscal year 2026.
Net Income Decline Net income fell to $3.09M from $3.281M for the quarter, resulting in lower diluted EPS of $0.28.
Contingent Legal Exposure Asbestos lawsuits and GIPL investigation remain subject to inherent uncertainties, though management expects no material impact.

Outlook

Fiscal 2026 Sales Guidance Expect fiscal 2026 net sales between $225M and $235M, including impact from the recent Xdot acquisition.
Strategic Capital Investment Capital expenditures projected between $15M and $18M for fiscal 2026, supporting growth initiatives and capacity.
Long-Term Growth Targets On track for fiscal 2027 goals of 8% to 10% average annualized organic revenue growth targets.
Xdot Acquisition Integration Acquired Xdot for $1.5M plus earnouts to expand foil bearing technology and accelerate market expansion.

Peer Comparison

Revenue (TTM)

Hyster-Yale, Inc.HY
$3.91B
-8.3%
Forward Air CorporationFWRD
$2.50B
+14.5%
Quanex Building Products CorporationNX
$1.84B
+43.8%

Gross Margin (Latest Quarter)

Nordic American Tankers LimitedNAT
63.8%
+21.4pp
Genco Shipping & Trading LimitedGNK
57.9%
+29.7pp
Kornit Digital Ltd.KRNT
43.8%
-2.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GNK$790.05M51.41.7%9.5%
FWRD$781.45M-6.7-71.5%16.9%
NAT$713.60M374.00.4%46.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.0%
Steady Growth
4Q Net Income CAGR
24.8%
Profitability Improved
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 6, 2026
|
EPS:$0.25
|
Revenue:$53.27M
Reports
All Years
  • Form 10-Q - Q2 2025

    Period End: Sep 30, 2025|Filed: Nov 7, 2025|
    Revenue: $66.03M+23.3%
    |
    EPS: $0.28-6.7%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $55.49M+11.1%
    |
    EPS: $0.42+55.6%
    Beat
  • Form 10-K - FY 2024

    Period End: Mar 31, 2025|Filed: Jun 9, 2025|
    Revenue: $209.90M+13.1%
    |
    EPS: $1.12+166.7%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Dec 31, 2024|Filed: Feb 7, 2025|
    Revenue: $47.04M+7.3%
    |
    EPS: $0.15+880.4%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $53.56M+18.8%
    |
    EPS: $0.30+681.3%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $49.95M+5.0%
    |
    EPS: $0.27+8.0%
    Beat
  • Form 10-K/A - FY 2023

    Period End: Mar 31, 2024|Filed: Jun 28, 2024|
    Revenue: $185.53M+331.2%
    |
    EPS: $0.42+1027.2%
    Beat
  • Form 10-K - FY 2023

    Period End: Mar 31, 2024|Filed: Jun 7, 2024|Refer to amended data