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Graham Corporation

GHM Industrials Specialty Industrial Machinery

Graham Corporation’s revenue for fiscal 2026 (year ended March 2026) was $245.3 million, up 16.9% from fiscal 2025.

Revenue
+5.65%
EPS
+42.9%
Free cash flow
+371.2%
Total debt
−60.5%

Quarter to September 2026, against a year earlier

71.99 2.47 +3.55%
Market cap
$846.2M
P/E
61.0×
Fwd P/E
45.5×
Dividend yield
—
F-score
3/9
Altman Z
4.21
Beneish M
−2.19
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 5.06%

Capital & Financial Ratios $m

Size
Market Cap 846.24
Revenue ttm 264.88
Net income ttm 13.36
Free cash flow ttm 29.19
Net debt Q (71.43)
Valuation
P/E 61.01 (above 35: high)
Forward P/E 45.50 (above 35: high)
Price / sales 3.19
Forward P/S Powerpack
Price / FCF 28.94
Price / book 4.26
Financial health
Current ratio Q 1.24
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (12.83)
Growth
Revenue growth Q +5.65% (above 0%: growing)
Operating income growth Q +36.55% (above 0%: growing)
EPS, this year +37.20% (at or above 15%: strong)
EPS, next year A +43.93% (at or above 15%: strong)
Revenue, next year A +18.63% (at or above 10%: strong)
EPS, past 5 yrs +36.08% (at or above 15%: strong)
EPS, next 5 yrs A +34.25% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 1.4×; over the ten years it ranged from 0.4× in 2020 to 5.4× in 2026.
P/E against its own 10 years 54.17%
10-year low 10-year high
P/S against its own 10 years 91.68%
10-year low 10-year high
P/B against its own 10 years 86.98%
10-year low 10-year high
EV/Sales against its own 10 years 92.26%
10-year low 10-year high
EV/FCF against its own 10 years 76.00%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–24
−100.0%/yr
  1. 0.36 ’16
  2. 0.36 ’17 +0
  3. 0.38 ’18 +6
  4. 0.42 ’19 +11
  5. 0.44 ’20 +5
  6. 0.44 ’21 +0
  7. 0.00 ’22 −100
  8. 0.00 ’23
  9. 0.00 ’24
paid change on the year, %

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 17 22 7 71
Receivables 72 76 95 —
Inventory 33 40 51 55
Other — — — —
126 141 156 222
2024 2025 2026 Q'26
Payables 21 27 26 24
ST’ Debt — — — —
Other 72 84 102 130
118 136 156 179

Compound Annual Growth %

10y 5y 3y
Sales 10.54% 20.27% 16.01%
Cash Flow (1.62%) 0.00% 4.62%
Earnings 7.38% 39.41% 224.15%
Book Value 2.52% 7.46% 13.12%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 0.40 Actual 0.49

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 0.33 0.31 Miss by 0.02
Q3 FY25 0.17 0.31 Beat by 0.14
Q4 FY26 0.30 0.33 Beat by 0.03
Q1 FY26 0.40 0.49 Beat by 0.09
Q2 FY26 0.43 — Reports 5 November 2026

EPS $

Jun Sep Dec Mar Year
’26 0.33 0.39 — — —
’26 0.42 0.28 0.25 0.18 1.12
’25 0.27 0.30 0.14 0.40 1.11
’24 0.25 0.04 0.02 0.12 0.42
’23 0.06 (0.02) 0.03 (0.05) 0.03
’22 (0.31) (0.05) (0.35) (0.13) (0.83)
’21 (0.18) 0.27 0.11 0.04 0.24
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 71 70 — — —
’26 55 66 57 67 245
’25 50 54 47 59 210
’24 48 45 44 49 186
’23 36 38 40 43 157
’22 20 34 29 40 123
’21 17 28 27 26 97
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 (13) 47 — — —
’26 (2) 14 5 0 16
’25 9 14 5 (4) 24
’24 9 3 8 9 28
’23 (1) 0 9 5 14
’22 (7) (2) (6) 12 (2)
’21 (4) 2 3 (2) (2)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (15) 44 — — —
’26 (9) 9 3 (3) 0
’25 6 10 (2) (9) 5
’24 7 2 6 5 19
’23 (1) (1) 8 4 10
’22 (8) (2) (7) 12 (5)
’21 (5) 2 2 (3) (4)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 92 78 92 91 97 123 157 186 210 245 265 +11.5% 291 323 352 +12.8%
Gross margin, % 24.14 21.89 23.86 20.03 21.00 7.43 16.17 21.87 25.18 23.54 24.99 (0.6) pt
EBT 7 (13) 0 2 3 (11) 1 6 15 15 16 +8.6%
EBT margin, % 7.68 (16.58) (0.16) 2.55 3.35 (9.13) 0.36 3.00 7.34 6.02 5.92 (1.7) pt
Net income 5 (10) 0 2 2 (9) 0 5 12 13 13 +10.7%
Per share, $
Per share, $ Revenue 9.45 7.94 9.35 9.17 9.79 11.65 14.80 17.27 19.28 22.32 22.57 +10.0%
Earnings 0.52 (1.01) (0.03) 0.19 0.24 (0.83) 0.03 0.42 1.12 1.14 1.18 +9.1%
Cash flow 1.28 0.87 0.81 0.13 (0.17) (0.21) 1.31 2.62 2.23 1.45 3.30 +1.4%
Capex (0.03) (0.21) (0.22) (0.24) (0.22) (0.22) (0.35) (0.85) (1.74) (1.44) (0.81) +51.9%
Free cash flow 1.24 0.66 0.59 (0.12) (0.39) (0.43) 0.96 1.76 0.49 0.01 2.49 (39.3%)
Book value 11.74 10.58 10.07 9.79 9.83 9.15 9.13 9.83 10.99 12.77 16.90 +0.9%
Shares, m 10 10 10 10 10 11 11 11 11 11 11 +1.4%
Valuation, ×
Valuation, × P/E 45.10 0.00 0.00 67.57 59.33 0.00 654.00 71.88 25.73 69.23 61.01 99.3
P/S 2.44 2.69 2.16 1.41 1.45 0.66 0.88 1.77 1.49 3.54 3.19 1.8
P/B 1.96 2.02 2.00 1.32 1.45 0.84 1.43 3.11 2.62 6.18 4.26 2.3
EV/Sales 1.64 1.70 1.31 0.60 0.79 0.69 0.84 1.70 1.41 3.57 2.93 1.4
EV/FCF 12.44 20.44 20.83 (46.87) (19.84) (18.69) 13.03 16.61 55.07 5,729.50 26.59 578.3
Cash, $m
Cash, $m Operating cash flow 12 9 8 1 (2) (2) 14 28 24 16 39 +2.8%
Capex 0 (2) (2) (2) (2) (2) (4) (9) (19) (16) (9) +54.0%
Free cash flow 12 6 6 (1) (4) (5) 10 19 5 0 29 (38.4%)
Balance, $m
Balance, $m Working capital 79 78 80 77 77 28 24 8 5 0 43 (49.0%)
Net debt (73) (76) (78) (73) (65) 4 (6) (17) (22) 6 (71) n/m
Shareholders’ equity 114 103 99 97 98 96 97 106 120 140 198 +2.3%
Returns, %
Returns, % ROA 3.41 (6.68) (0.21) 1.23 1.62 (5.35) 0.19 2.08 4.91 4.25 3.96 +0.8 pt
ROIC 11.15 2.79 11.80 1.70 5.69 (7.08) 0.86 4.88 9.68 6.40 7.77 (4.7) pt
ROE 4.50 (9.05) (0.30) 1.91 2.44 (9.02) 0.38 4.50 10.86 9.62 8.20 +5.1 pt
People
People Employees 336 304 337 337 331 491 538 595 636 732 — +9.0%
Revenue/emp, $m 0.27 0.26 0.27 0.27 0.29 0.25 0.29 0.31 0.33 0.34 — +2.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Graham Corporation vs peers in Specialty Industrial Machinery (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TNC Tennant Company $1.2B 51.2× 27.8× +6.26% (above 0%: growing) +42.41% (above 0%: growing) −78.15% (below 0%: shrinking) 42.29% 9.68% Compare
AMSC American Superconductor Corporation $1.2B 7.8× 53.4× +42.78% (above 0%: growing) −45.45% (below 0%: shrinking) +68.38% (above 0%: growing) 28.21% 5.70% Compare
GHM Graham Corporation $846.2M 61.0× 45.5× +5.65% (above 0%: growing) +42.86% (above 0%: growing) +371.17% (above 0%: growing) 28.20% 8.36%
PSIX Power Solutions International, Inc. $827.4M 11.8× 15.7× −0.86% (below 0%: shrinking) +8.33% (above 0%: growing) +2,119.22% (above 0%: growing) 29.66% 20.24% Compare
KRNT Kornit Digital Ltd. $705.1M — (loss-making) — (loss-making) +11.19% (above 0%: growing) n/m +113.86% (above 0%: growing) 45.31% (26.91%) Compare
PKOH Park-Ohio Holdings Corp. $574.0M 15.8× 14.0× +15.03% (above 0%: growing) +151.28% (above 0%: growing) +7.58% (above 0%: growing) 17.93% 5.80% Compare
NNE Nano Nuclear Energy Inc. $517.4M — (loss-making) — — n/m −13.05% (below 0%: shrinking) 29.07% (7,395.14%) Compare
LXFR Luxfer Holdings PLC $463.0M 74.1× 19.4× −4.08% (below 0%: shrinking) −66.40% (below 0%: shrinking) +20.39% (above 0%: growing) 24.43% 3.05% Compare
BW Babcock $461.8M — (loss-making) — (loss-making) +130.25% (above 0%: growing) n/m +14.34% (above 0%: growing) 14.59% 3.68% Compare
Median of peers $639.5M 15.8× 19.4× +11.19% +8.33% +17.37% 28.64% 4.69%

All 79 Specialty Industrial Machinery stocks →

Pay and ownership Proxy statement filed 14 July 2026

Ownership

Directors and executive officers, together 2.40%
Brandes Investment Partners, LP 10.60%
BlackRock, Inc 6.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Graham Corporation (GHM) Latest News

5 Nov

Impact 4 · · Business Wire
Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · StockStory

29 Oct

Impact 3 · · Business Wire

27 Oct

Impact 3 · · Business Wire

23 Oct

Impact 3 · · StockStory

22 Oct

Impact 3 · · Business Wire

9 Oct

Impact 3 · · StockStory

8 Oct

Impact 3 · · marketwatch.com

7 Oct

Impact 3 · · StockStory

2 Oct

Impact 3 · · StockStory

30 Sep

Impact 3 · · PR Newswire

24 Sep

Impact 4 · · Simply Wall St.

13 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat

6 Aug

Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

5 Aug

Impact 4 ·

30 Jul

Impact 3 ·

1 Jul

Impact 4 ·

30 Jun

Impact 3 ·

24 Jun

Impact 3 · · StockStory

10 Jun

Impact 3 · · Simply Wall St.

9 Jun

Impact 4 · · Moby transcript
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
stockrow.com/GHM · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com