Graham (GHC) Financials

$934.25 -23.02 (-2.40%)

As of 03:51 PM Eastern

Annual Income Statements for Graham

This table shows Graham's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	725	205	67	352	300	328	271	302	169	-101
Consolidated Net Income / (Loss)	733	212	70	353	300	328	271	302	169	-99
Net Income / (Loss) Continuing Operations	733	212	70	353	300	328	271	302	169	-141
Total Pre-Tax Income	1,025	299	122	450	407	426	324	183	251	-121
Total Operating Income	216	69	84	77	100	145	246	136	223	-81
Total Gross Profit	1,466	1,312	1,267	1,071	977	984	1,109	2,592	2,482	2,586
Total Revenue	4,791	4,415	3,924	3,186	2,889	2,932	2,696	2,592	2,482	2,586
Operating Revenue	4,791	4,415	3,924	3,186	2,889	2,932	2,696	2,592	2,482	2,226
Total Cost of Revenue	3,325	3,103	2,658	2,115	1,912	1,948	1,587	0.00	0.00	0.00
Operating Cost of Revenue	3,325	3,103	2,658	2,115	1,912	1,948	1,587	-	-	-
Total Operating Expenses	1,251	1,243	1,183	994	877	839	863	2,455	2,259	2,667
Selling, General & Admin Expense	1,077	1,007	922	832	715	718	751	888	896	1,104
Depreciation Expense	87	86	73	71	74	59	57	63	65	78
Amortization Expense	37	50	59	58	57	53	47	41	27	19
Impairment Charge	50	99	129	33	30	9.15	8.11	9.61	1.60	260
Total Other Income / (Expense), net	809	230	38	372	307	282	77	46	28	-40
Interest Expense	186	63	54	34	38	30	49	34	35	33
Interest & Investment Income	6.57	1.94	0.39	21	11	18	20	3.33	-4.84	1.21
Other Income / (Expense), net	989	291	92	385	335	294	107	77	68	-8.62
Income Tax Expense	292	87	51	96	107	99	52	-120	81	21
Net Income / (Loss) Attributable to Noncontrolling Interest	7.98	6.42	3.36	1.25	-0.40	0.02	0.20	0.45	0.87	1.44
Basic Earnings per Share	$164.62	$43.96	$13.83	$70.65	$58.30	$61.70	$50.55	$54.24	$29.95	($17.87)
Weighted Average Basic Shares Outstanding	4.37M	4.64M	4.82M	4.95M	5.12M	5.29M	5.33M	5.52M	5.56M	5.73M
Diluted Earnings per Share	$163.40	$43.82	$13.79	$70.45	$58.13	$61.21	$50.20	$53.89	$29.80	($17.87)
Weighted Average Diluted Shares Outstanding	4.41M	4.65M	4.84M	4.97M	5.14M	5.33M	5.37M	5.55M	5.59M	5.73M
Weighted Average Basic & Diluted Shares Outstanding	4.34M	4.46M	4.79M	4.90M	5.00M	5.31M	5.40M	5.60M	5.60M	5.70M
Cash Dividends to Common per Share	$6.88	$6.60	$6.32	$6.04	$5.80	$5.56	$5.32	$5.08	$4.84	$9.10

This table shows Graham's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	24	549	73	-21	124	53	-23	123	52	6.16	33
Consolidated Net Income / (Loss)	26	552	75	-19	125	56	-21	124	53	6.64	34
Net Income / (Loss) Continuing Operations	26	552	75	-19	125	56	-21	124	53	6.64	34
Total Pre-Tax Income	34	758	113	-15	169	73	-12	166	72	31	46
Total Operating Income	47	73	82	26	35	41	-57	58	28	-55	60
Total Gross Profit	347	400	380	353	333	341	330	337	304	348	318
Total Revenue	1,166	1,246	1,207	1,185	1,153	1,167	1,112	1,105	1,032	1,064	1,012
Operating Revenue	1,166	1,246	1,207	1,185	1,153	1,167	1,112	1,105	1,032	1,064	1,012
Total Cost of Revenue	819	846	827	832	820	826	782	768	727	716	695
Operating Cost of Revenue	819	846	827	832	820	826	782	768	727	716	695
Total Operating Expenses	299	327	299	328	297	300	387	279	277	403	258
Selling, General & Admin Expense	271	275	269	269	264	266	255	245	242	245	224
Depreciation Expense	21	21	21	22	23	23	22	21	20	15	20
Amortization Expense	7.82	7.93	8.39	10	11	11	12	13	14	14	15
Total Other Income / (Expense), net	-14	685	31	-41	133	32	45	108	45	86	-13
Interest Expense	82	50	26	91	19	25	12	12	14	15	12
Interest & Investment Income	-5.93	-138	-11	4.67	151	-50	1.20	-4.57	56	-99	-3.87
Other Income / (Expense), net	74	873	68	46	1.65	108	56	124	3.08	200	2.36
Income Tax Expense	7.90	206	39	4.10	44	17	9.40	42	19	25	13
Net Income / (Loss) Attributable to Noncontrolling Interest	1.83	2.80	2.00	2.21	0.96	2.43	1.90	1.38	0.71	0.48	1.06
Basic Earnings per Share	$5.50	$125.00	$16.54	($4.79)	$27.87	$12.11	($5.02)	$25.96	$10.91	$1.50	$6.78
Weighted Average Basic Shares Outstanding	4.32M	4.37M	4.35M	4.40M	4.43M	4.64M	4.60M	4.70M	4.76M	4.82M	4.81M
Diluted Earnings per Share	$5.45	$124.05	$16.42	($4.79)	$27.72	$12.07	($5.02)	$25.89	$10.88	$1.53	$6.76
Weighted Average Diluted Shares Outstanding	4.36M	4.41M	4.38M	4.40M	4.46M	4.65M	4.60M	4.71M	4.78M	4.84M	4.82M
Weighted Average Basic & Diluted Shares Outstanding	4.36M	4.34M	4.33M	4.40M	4.44M	4.46M	4.54M	4.65M	4.74M	4.79M	4.80M

This table details how cash moves in and out of Graham's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	96	11	32	-264	209	-50	-143	-263	-104	-24
Net Cash From Operating Activities	407	260	236	202	211	165	287	268	261	71
Net Cash From Continuing Operating Activities	407	260	236	202	211	165	287	268	261	71
Net Income / (Loss) Continuing Operations	733	212	70	353	300	328	271	302	169	-99
Consolidated Net Income / (Loss)	733	212	70	353	300	328	271	302	169	-99
Depreciation Expense	174	235	261	162	161	122	112	113	93	428
Amortization Expense	63	68	68	74	90	84	0.00	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	-903	-226	-37	-342	-286	-243	-86	-12	-29	0.27
Changes in Operating Assets and Liabilities, net	341	-29	-126	-45	-55	-126	-10	-136	28	-259
Net Cash From Investing Activities	-62	-153	-184	-495	199	-237	-231	-442	-311	-426
Net Cash From Continuing Investing Activities	-62	-153	-184	-495	199	-237	-231	-442	-311	-426
Purchase of Property, Plant & Equipment	-75	-89	-78	-163	-70	-94	-98	-60	-67	-137
Acquisitions	-4.12	-78	-130	-352	-20	-179	-112	-300	-245	-159
Purchase of Investments	-9.55	-20	-79	-57	-32	-35	-54	-83	-55	-171
Sale and/or Maturity of Investments	24	62	102	65	94	19	72	4.73	30	0.00
Other Investing Activities, net	2.34	-27	1.04	0.56	2.07	-2.58	-38	-3.51	25	42
Net Cash From Financing Activities	-241	-100	-18	31	-204	19	-192	-100	-43	342
Net Cash From Continuing Financing Activities	-241	-100	-18	31	-204	19	-192	-100	-43	342
Repayment of Debt	-71	-122	-16	-46	-82	-8.92	-429	-17	-0.65	-55
Repurchase of Common Equity	-116	-198	-73	-59	-162	-2.65	-118	-51	-109	-23
Payment of Dividends	-36	-36	-34	-31	-30	-30	-29	-28	-27	-148
Issuance of Debt	0.97	263	104	194	64	56	400	1.40	115	551
Issuance of Common Equity	0.00	0.00	3.20	0.00	0.00	6.00	0.00	0.00	-	-
Other Financing Activities, net	-18	-6.21	-2.91	-27	5.78	-1.77	-16	-5.19	-21	27
Effect of Exchange Rate Changes	-7.73	4.39	-1.84	-3.03	2.98	2.77	-7.15	11	-11	-11
Cash Interest Paid	69	51	37	30	31	30	42	33	30	33
Cash Income Taxes Paid	63	39	48	39	91	28	54	4.00	65	209

This table details how cash moves in and out of Graham's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-91	16	95	8.63	-23	1.25	48	-2.34	-36	20	25
Net Cash From Operating Activities	46	116	238	52	1.07	57	140	39	23	32	104
Net Cash From Continuing Operating Activities	46	116	238	52	1.07	57	140	39	23	32	104
Net Income / (Loss) Continuing Operations	26	552	75	-19	125	56	-21	124	53	6.64	34
Consolidated Net Income / (Loss)	26	552	75	-19	125	56	-21	124	53	6.64	34
Depreciation Expense	28	52	30	59	33	34	132	34	35	158	34
Amortization Expense	14	16	15	16	17	18	17	17	16	16	18
Non-Cash Adjustments To Reconcile Net Income	-47	-710	-34	-29	-131	-68	-9.21	-103	-45	-82	13
Changes in Operating Assets and Liabilities, net	25	207	152	25	-44	18	21	-33	-36	-67	5.52
Net Cash From Investing Activities	-19	-27	6.10	-21	-21	-34	-96	-21	-1.95	-12	-154
Net Cash From Continuing Investing Activities	-19	-27	6.10	-21	-21	-34	-96	-21	-1.95	-12	-154
Purchase of Property, Plant & Equipment	-15	-17	-18	-18	-21	-28	-20	-18	-23	-21	-25
Acquisitions	0.00	-0.10	-0.19	-3.83	0.00	-1.15	-77	-0.24	0.00	0.07	-130
Purchase of Investments	-5.05	-2.37	-5.43	-1.23	-0.53	-1.21	-0.86	-7.25	-11	-14	-5.73
Sale and/or Maturity of Investments	0.00	-	24	-	0.00	-	-	33	29	28	-
Other Investing Activities, net	1.94	-7.34	6.32	2.54	0.82	-3.19	1.41	-28	2.47	-5.50	7.12
Net Cash From Financing Activities	-122	-65	-155	-23	1.53	-30	8.18	-20	-58	-9.92	81
Net Cash From Continuing Financing Activities	-122	-65	-155	-23	1.53	-30	8.18	-20	-58	-9.92	81
Repayment of Debt	-6.85	-13	-42	-9.64	-6.82	-59	-41	12	-34	0.62	-8.00
Repurchase of Common Equity	-3.47	-18	-49	-29	-20	-66	-63	-46	-23	-18	-20
Payment of Dividends	-196	-14	-7.57	-7.67	-7.68	-13	-7.79	-7.84	-7.91	-11	-7.66
Issuance of Debt	89	-7.47	-52	24	36	109	124	22	7.20	15	116
Issuance of Common Equity	0.00	-	-	-	0.00	-	-	-	0.00	3.20	-
Other Financing Activities, net	-4.44	-13	-5.39	-	0.00	-2.43	-3.79	-	0.00	0.29	1.53
Effect of Exchange Rate Changes	3.39	-9.38	5.99	0.20	-4.54	7.58	-3.75	-0.67	1.24	9.98	-6.92

This table presents Graham's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,677	7,188	6,553	7,426	6,444	5,931	4,764	4,938	4,433	4,353
Total Current Assets	2,099	1,849	1,679	1,847	1,774	1,663	1,532	1,736	1,871	1,861
Cash & Equivalents	261	170	169	146	414	200	253	390	649	754
Restricted Cash	37	32	20	12	9.06	14	11	18	22	21
Short-Term Investments	859	697	622	824	588	600	515	557	448	379
Accounts Receivable	514	525	532	607	537	624	582	620	615	572
Inventories, net	296	297	227	141	121	121	69	61	35	32
Prepaid Expenses	116	120	97	82	76	92	-	-	-	-
Current Deferred & Refundable Income Taxes	7.71	6.85	9.31	33	29	11	19	24	42	48
Other Current Assets	7.61	1.30	1.55	1.24	0.94	1.40	83	66	61	53
Plant, Property, & Equipment, net	549	560	503	468	378	385	293	259	234	231
Total Noncurrent Assets	5,029	4,778	4,371	5,110	4,292	3,883	2,939	2,943	2,328	2,261
Long-Term Investments	169	186	186	155	156	162	144	129	59	59
Goodwill	1,500	1,525	1,561	1,650	1,485	1,388	1,298	1,300	1,123	1,018
Intangible Assets	221	300	340	389	325	374	362	340	174	129
Noncurrent Deferred & Refundable Income Taxes	8.91	11	6.81	7.90	8.40	12	13	15	17	0.00
Employee Benefit Assets	2,511	2,114	1,658	2,307	1,708	1,292	1,004	1,057	882	980
Other Noncurrent Operating Assets	620	642	619	601	609	655	118	102	73	75
Total Liabilities & Shareholders' Equity	7,677	7,188	6,553	7,426	6,444	5,931	4,764	4,938	4,433	4,353
Total Liabilities	3,347	3,162	2,779	3,000	2,666	2,599	1,843	2,018	1,980	1,836
Total Current Liabilities	1,200	1,230	1,145	1,166	950	1,042	812	879	819	725
Short-Term Debt	27	67	156	142	6.45	82	6.36	6.73	6.13	0.00
Accounts Payable	713	695	574	584	520	508	487	526	501	428
Current Deferred Revenue	391	397	341	359	331	355	309	339	312	297
Current Deferred & Payable Income Tax Liabilities	12	7.41	3.77	4.59	5.14	4.12	10	6.11	0.00	-
Other Current Liabilities	58	64	70	78	87	93	0.00	-	-	-
Total Noncurrent Liabilities	2,147	1,932	1,634	1,833	1,716	1,557	1,031	1,139	1,161	1,111
Long-Term Debt	722	745	571	526	506	431	471	487	486	400
Noncurrent Deferred & Payable Income Tax Liabilities	739	600	466	677	521	427	322	363	379	403
Noncurrent Employee Benefit Liabilities	136	137	135	175	202	194	180	214	218	237
Other Noncurrent Operating Liabilities	550	450	462	455	487	505	58	76	78	71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	44	24	22	14	12	5.66	4.35	4.61	0.05	26
Total Equity & Noncontrolling Interests	4,287	4,002	3,753	4,412	3,766	3,327	2,917	2,915	2,473	2,491
Total Preferred & Common Equity	4,257	3,976	3,731	4,400	3,759	3,319	2,917	2,915	2,453	2,491
Preferred Stock	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	-
Total Common Equity	4,257	3,976	3,731	4,400	3,759	3,319	2,897	2,915	2,453	2,491
Common Stock	377	392	410	409	408	402	379	391	384	377
Retained Earnings	8,032	7,337	7,163	7,127	6,805	6,534	6,236	5,792	5,589	5,448
Treasury Stock	-4,487	-4,368	-4,178	-4,108	-4,057	-3,920	-3,922	-3,803	-3,757	-3,649
Accumulated Other Comprehensive Income / (Loss)	335	614	336	971	603	303	204	536	236	315
Noncontrolling Interest	30	26	21	12	7.09	7.56	0.00	-	-	-

This table presents Graham's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,616	7,421	7,234	7,255	6,689	6,604	6,542	7,277
Total Current Assets	2,027	2,085	1,939	1,951	1,798	1,666	1,643	1,639
Cash & Equivalents	157	244	141	131	160	112	123	150
Restricted Cash	49	38	47	48	41	40	31	20
Short-Term Investments	909	832	822	803	672	661	616	611
Accounts Receivable	500	518	466	500	542	468	508	538
Inventories, net	262	307	324	327	279	259	246	210
Prepaid Expenses	135	140	132	137	101	119	113	87
Current Deferred & Refundable Income Taxes	5.17	1.33	3.87	2.80	1.59	2.05	3.34	22
Other Current Assets	9.55	4.56	4.50	1.76	1.89	3.68	1.91	1.94
Plant, Property, & Equipment, net	544	556	544	548	540	511	507	468
Total Noncurrent Assets	5,045	4,780	4,750	4,756	4,351	4,427	4,393	5,170
Long-Term Investments	157	168	186	187	191	198	195	169
Goodwill	1,509	1,535	1,512	1,513	1,500	1,568	1,568	1,631
Intangible Assets	213	255	260	289	309	315	328	377
Noncurrent Deferred & Refundable Income Taxes	8.97	12	11	11	6.81	6.85	6.87	6.90
Employee Benefit Assets	2,533	2,141	2,129	2,130	1,703	1,685	1,671	2,393
Other Noncurrent Operating Assets	624	670	652	627	641	653	624	592
Total Liabilities & Shareholders' Equity	7,616	7,421	7,234	7,255	6,689	6,604	6,542	7,277
Total Liabilities	3,247	3,350	3,201	3,160	2,947	2,744	2,751	2,983
Total Current Liabilities	1,250	1,332	1,208	1,242	1,152	1,108	1,128	1,141
Short-Term Debt	149	34	102	77	22	141	123	142
Accounts Payable	612	754	697	679	630	559	537	557
Dividends Payable	7.85	7.44	7.57	7.67	7.56	7.79	7.90	7.61
Current Deferred Revenue	402	439	326	387	415	320	373	362
Current Deferred & Payable Income Tax Liabilities	9.16	36	15	30	13	10	15	2.55
Other Current Liabilities	61	62	60	61	66	70	72	70
Other Current Nonoperating Liabilities	8.37	-	-	-	-	-	-	-
Total Noncurrent Liabilities	1,997	2,018	1,992	1,919	1,795	1,636	1,622	1,841
Long-Term Debt	715	731	733	739	740	566	568	569
Noncurrent Deferred & Payable Income Tax Liabilities	740	608	603	609	482	485	462	669
Noncurrent Employee Benefit Liabilities	131	137	129	129	133	138	135	156
Other Noncurrent Operating Liabilities	411	542	528	442	440	447	458	448
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	44	39	38	24	28	27	22	18
Total Equity & Noncontrolling Interests	4,326	4,032	3,996	4,070	3,714	3,833	3,770	4,277
Total Preferred & Common Equity	4,294	4,004	3,968	4,043	3,689	3,809	3,747	4,260
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,294	4,007	3,968	4,043	3,689	3,809	3,747	4,260
Common Stock	388	383	382	393	407	405	408	415
Retained Earnings	8,040	7,483	7,418	7,446	7,284	7,315	7,200	7,157
Treasury Stock	-4,482	-4,468	-4,418	-4,388	-4,305	-4,243	-4,197	-4,162
Accumulated Other Comprehensive Income / (Loss)	348	609	587	592	303	333	337	850
Noncontrolling Interest	31	28	27	27	26	23	23	17

This table displays calculated financial ratios and metrics derived from Graham's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.52%	12.50%	23.18%	10.27%	-1.47%	8.76%	4.02%	4.43%	-4.03%	-5.51%
EBITDA Growth	117.34%	31.48%	-27.75%	1.75%	6.51%	38.49%	42.42%	-14.89%	13.21%	-73.10%
EBIT Growth	234.19%	105.05%	-61.98%	6.25%	-0.78%	24.22%	65.44%	-26.66%	425.21%	-108.85%
NOPAT Growth	213.59%	1.22%	-20.16%	-17.78%	-33.45%	-46.19%	-8.51%	49.81%	366.31%	-134.23%
Net Income Growth	246.05%	200.57%	-80.07%	17.79%	-8.51%	20.81%	-10.28%	78.50%	270.79%	-107.67%
EPS Growth	272.89%	217.77%	-80.43%	21.19%	-5.03%	21.93%	-6.85%	80.84%	266.76%	-109.16%
Operating Cash Flow Growth	56.61%	10.30%	16.39%	-3.91%	27.55%	-42.46%	7.07%	2.60%	269.78%	-77.46%
Free Cash Flow Firm Growth	176.30%	-140.08%	165.15%	-324.41%	35.67%	-658.78%	115.44%	-477.96%	-89.39%	389.93%
Invested Capital Growth	0.02%	7.15%	-11.46%	26.60%	8.90%	15.88%	6.73%	31.28%	3.77%	-33.87%
Revenue Q/Q Growth	1.68%	2.38%	5.40%	2.44%	0.82%	2.60%	0.49%	1.82%	0.54%	-4.12%
EBITDA Q/Q Growth	129.52%	-15.30%	40.29%	-15.04%	7.95%	29.52%	1.64%	-3.65%	-2.11%	-57.67%
EBIT Q/Q Growth	195.54%	0.91%	15.79%	-21.52%	16.27%	35.26%	2.41%	-7.18%	-2.71%	-129.06%
NOPAT Q/Q Growth	20.31%	395.43%	-60.91%	-20.84%	14.96%	-23.81%	-32.38%	199.93%	-15.99%	-176.78%
Net Income Q/Q Growth	209.50%	30.15%	-52.69%	-30.06%	43.50%	37.42%	-36.77%	142.29%	-7.73%	-153.83%
EPS Q/Q Growth	217.78%	31.67%	-53.06%	-28.81%	46.24%	37.64%	-35.60%	135.95%	-9.04%	-156.35%
Operating Cash Flow Q/Q Growth	16.94%	10.84%	12.83%	21.18%	-36.88%	-1.36%	20.06%	-18.93%	146.47%	-14.61%
Free Cash Flow Firm Q/Q Growth	1,049.63%	-133.60%	202.02%	-37.90%	-266.49%	-1,204.79%	123.20%	-2,487.68%	160.39%	-23.35%
Invested Capital Q/Q Growth	5.38%	8.87%	-13.78%	14.78%	11.16%	6.38%	-2.12%	15.62%	-7.89%	6.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.61%	29.72%	32.28%	33.63%	33.82%	33.55%	41.15%	100.00%	100.00%	100.00%
EBITDA Margin	30.09%	15.02%	12.85%	21.92%	23.75%	21.97%	17.26%	12.60%	15.46%	13.11%
Operating Margin	4.50%	1.57%	2.14%	2.43%	3.48%	4.93%	9.13%	5.26%	8.98%	-3.13%
EBIT Margin	25.14%	8.16%	4.48%	14.51%	15.06%	14.95%	13.09%	8.23%	11.72%	-3.46%
Profit (Net Income) Margin	15.29%	4.80%	1.79%	11.09%	10.38%	11.18%	10.07%	11.67%	6.83%	-3.84%
Tax Burden Percent	71.49%	70.80%	57.86%	78.58%	73.65%	76.88%	83.90%	165.49%	67.61%	82.07%
Interest Burden Percent	85.09%	82.97%	69.27%	97.27%	93.62%	97.27%	91.66%	85.68%	86.17%	135.15%
Effective Tax Rate	28.51%	29.20%	42.14%	21.42%	26.35%	23.12%	16.10%	-65.49%	32.39%	0.00%
Return on Invested Capital (ROIC)	4.11%	1.35%	1.30%	1.72%	2.47%	4.16%	8.61%	11.05%	8.68%	-2.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-131.85%	-58.22%	-4.59%	-50.32%	-37.99%	-43.54%	-3.80%	-0.71%	6.21%	3.39%
Return on Net Nonoperating Assets (RNNOA)	13.43%	4.07%	0.42%	6.90%	5.97%	6.33%	0.68%	0.17%	-1.89%	-0.84%
Return on Equity (ROE)	17.53%	5.43%	1.72%	8.61%	8.44%	10.49%	9.29%	11.22%	6.79%	-3.49%
Cash Return on Invested Capital (CROIC)	4.09%	-5.54%	13.46%	-21.76%	-6.06%	-10.56%	2.11%	-16.00%	4.99%	38.13%
Operating Return on Assets (OROA)	16.20%	5.25%	2.51%	6.67%	7.03%	8.20%	7.28%	4.55%	6.62%	-1.77%
Return on Assets (ROA)	9.86%	3.08%	1.01%	5.10%	4.85%	6.13%	5.60%	6.46%	3.86%	-1.96%
Return on Common Equity (ROCE)	17.27%	5.36%	1.70%	8.57%	8.40%	10.42%	9.25%	11.17%	6.73%	-3.45%
Return on Equity Simple (ROE_SIMPLE)	17.21%	5.32%	1.89%	8.03%	7.98%	9.88%	9.31%	10.38%	6.91%	-3.98%
Net Operating Profit after Tax (NOPAT)	154	49	49	61	74	111	207	226	151	-57
NOPAT Margin	3.22%	1.11%	1.24%	1.91%	2.56%	3.79%	7.66%	8.71%	6.07%	-2.19%
Net Nonoperating Expense Percent (NNEP)	135.95%	59.57%	5.90%	52.04%	40.46%	47.70%	12.41%	11.75%	2.47%	-6.04%
Return On Investment Capital (ROIC_SIMPLE)	3.06%	1.02%	1.08%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.39%	70.28%	67.72%	66.37%	66.18%	66.45%	58.85%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	22.48%	22.82%	23.49%	26.11%	24.76%	24.48%	27.85%	34.25%	36.11%	42.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	26.11%	28.14%	30.14%	31.20%	30.34%	28.62%	32.02%	94.74%	91.02%	103.13%
Earnings before Interest and Taxes (EBIT)	1,204	360	176	462	435	438	353	213	291	-89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,442	663	504	698	686	644	465	327	384	339
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.79	0.76	0.69	0.68	0.97	1.10	0.99	1.08	1.04
Price to Tangible Book Value (P/TBV)	1.49	1.46	1.55	1.28	1.32	2.07	2.58	2.26	2.30	1.93
Price to Revenue (P/Rev)	0.79	0.71	0.72	0.95	0.89	1.10	1.19	1.11	1.07	1.00
Price to Earnings (P/E)	5.20	15.25	42.31	8.61	8.55	9.82	11.78	9.53	15.75	0.00
Dividend Yield	0.79%	0.96%	1.07%	0.99%	1.13%	0.92%	0.88%	0.98%	1.02%	1.55%
Earnings Yield	19.21%	6.56%	2.36%	11.62%	11.69%	10.18%	8.49%	10.49%	6.35%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.87	0.77	0.74	0.65	0.62	0.97	1.11	0.98	1.11	1.06
Enterprise Value to Revenue (EV/Rev)	0.68	0.66	0.66	0.81	0.67	0.94	1.02	0.88	0.79	0.70
Enterprise Value to EBITDA (EV/EBITDA)	2.27	4.38	5.17	3.70	2.82	4.30	5.92	6.99	5.13	5.32
Enterprise Value to EBIT (EV/EBIT)	2.71	8.07	14.84	5.60	4.45	6.32	7.80	10.70	6.77	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.21	59.17	53.74	42.54	26.15	24.93	13.33	10.12	13.07	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.03	11.19	11.07	12.78	9.18	16.77	9.59	8.52	7.54	25.51
Enterprise Value to Free Cash Flow (EV/FCFF)	21.29	0.00	5.20	0.00	0.00	0.00	54.54	0.00	22.75	2.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.20	0.19	0.15	0.14	0.15	0.16	0.17	0.20	0.16
Long-Term Debt to Equity	0.17	0.19	0.15	0.12	0.13	0.13	0.16	0.17	0.20	0.16
Financial Leverage	-0.10	-0.07	-0.09	-0.14	-0.16	-0.15	-0.18	-0.24	-0.30	-0.25
Leverage Ratio	1.78	1.76	1.70	1.69	1.74	1.71	1.66	1.74	1.76	1.78
Compound Leverage Factor	1.51	1.46	1.18	1.64	1.63	1.66	1.52	1.49	1.52	2.40
Debt to Total Capital	14.73%	16.78%	16.14%	13.11%	11.95%	13.34%	14.04%	14.45%	16.59%	13.71%
Short-Term Debt to Total Capital	0.52%	1.38%	3.46%	2.78%	0.15%	2.14%	0.19%	0.20%	0.21%	0.00%
Long-Term Debt to Total Capital	14.21%	15.40%	12.68%	10.32%	11.79%	11.20%	13.85%	14.26%	16.38%	13.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.46%	1.04%	0.96%	0.52%	0.44%	0.34%	0.13%	0.14%	0.00%	0.89%
Common Equity to Total Capital	83.81%	82.18%	82.90%	86.38%	87.61%	86.32%	85.24%	85.41%	82.73%	85.40%
Debt to EBITDA	0.52	1.22	1.44	0.96	0.75	0.80	1.03	1.51	1.28	1.18
Net Debt to EBITDA	-0.40	-0.41	-0.54	-0.67	-0.95	-0.72	-0.96	-1.84	-1.79	-2.40
Long-Term Debt to EBITDA	0.50	1.12	1.13	0.75	0.74	0.67	1.01	1.49	1.27	1.18
Debt to NOPAT	4.86	16.52	14.96	10.98	6.93	4.61	2.31	2.19	3.26	-7.07
Net Debt to NOPAT	-3.75	-5.57	-5.61	-7.74	-8.84	-4.17	-2.16	-2.66	-4.55	14.38
Long-Term Debt to NOPAT	4.68	15.16	11.75	8.65	6.84	3.88	2.28	2.16	3.22	-7.07
Altman Z-Score	3.42	2.91	2.93	2.69	2.88	3.15	3.86	3.37	3.63	3.44
Noncontrolling Interest Sharing Ratio	1.49%	1.20%	0.85%	0.55%	0.45%	0.60%	0.50%	0.46%	0.92%	1.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.75	1.50	1.47	1.58	1.87	1.60	1.89	1.98	2.29	2.57
Quick Ratio	1.36	1.13	1.16	1.35	1.62	1.37	1.66	1.78	2.09	2.35
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	153	-201	502	-770	-181	-282	50	-327	87	815
Operating Cash Flow to CapEx	546.11%	291.49%	303.51%	132.96%	0.00%	423.40%	292.30%	444.11%	392.21%	51.62%
Free Cash Flow to Firm to Interest Expense	0.82	-3.18	9.22	-22.69	-4.74	-9.47	1.02	-9.65	2.44	24.97
Operating Cash Flow to Interest Expense	2.19	4.11	4.33	5.96	5.50	5.55	5.82	7.91	7.38	2.16
Operating Cash Flow Less CapEx to Interest Expense	1.79	2.70	2.90	1.48	9.57	4.24	3.83	6.13	5.50	-2.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.64	0.56	0.46	0.47	0.55	0.56	0.55	0.57	0.51
Accounts Receivable Turnover	9.22	8.35	6.89	5.57	4.98	4.86	4.48	4.20	4.18	4.52
Inventory Turnover	11.21	11.84	14.43	16.14	15.84	20.47	24.39	0.00	0.00	0.00
Fixed Asset Turnover	8.63	8.30	8.08	7.53	7.57	8.65	9.76	10.51	10.68	4.74
Accounts Payable Turnover	4.73	4.89	4.59	3.83	3.72	3.92	3.13	0.00	0.00	0.00
Days Sales Outstanding (DSO)	39.60	43.69	52.99	65.57	73.36	75.09	81.41	86.99	87.32	80.72
Days Inventory Outstanding (DIO)	32.55	30.82	25.29	22.62	23.05	17.83	14.96	0.00	0.00	0.00
Days Payable Outstanding (DPO)	77.24	74.63	79.51	95.27	98.11	93.14	116.51	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-5.09	-0.11	-1.24	-7.08	-1.70	-0.22	-20.14	86.99	87.32	80.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,753	3,752	3,502	3,956	3,124	2,869	2,476	2,320	1,767	1,703
Invested Capital Turnover	1.28	1.22	1.05	0.90	0.96	1.10	1.12	1.27	1.43	1.21
Increase / (Decrease) in Invested Capital	0.62	250	-453	831	255	393	156	553	64	-872
Enterprise Value (EV)	3,268	2,907	2,609	2,587	1,934	2,770	2,754	2,284	1,969	1,802
Market Capitalization	3,771	3,131	2,838	3,031	2,569	3,220	3,195	2,879	2,655	2,590
Book Value per Share	$982.25	$874.88	$777.11	$888.33	$750.89	$624.58	$546.38	$526.98	$436.97	$426.46
Tangible Book Value per Share	$585.11	$473.22	$381.13	$476.65	$389.39	$293.03	$233.27	$230.53	$205.93	$230.14
Total Capital	5,079	4,838	4,501	5,093	4,291	3,845	3,398	3,413	2,965	2,916
Total Debt	748	812	726	668	513	513	477	493	492	400
Total Long-Term Debt	722	745	571	526	506	431	471	487	486	400
Net Debt	-578	-274	-272	-470	-654	-463	-445	-600	-686	-814
Capital Expenditures (CapEx)	75	89	78	152	-156	39	98	60	67	137
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-231	-213	-122	-160	-180	-110	-52	-101	-61	-19
Debt-free Net Working Capital (DFNWC)	925	686	690	823	831	704	727	864	1,059	1,136
Net Working Capital (NWC)	899	620	534	681	825	622	720	857	1,052	1,136
Net Nonoperating Expense (NNE)	-579	-163	-22	-293	-226	-217	-65	-77	-19	43
Net Nonoperating Obligations (NNO)	-578	-274	-272	-470	-654	-463	-445	-600	-706	-814
Total Depreciation and Amortization (D&A)	237	303	329	236	251	206	112	113	93	428
Debt-free, Cash-free Net Working Capital to Revenue	-4.83%	-4.81%	-3.12%	-5.02%	-6.22%	-3.76%	-1.93%	-3.89%	-2.44%	-0.73%
Debt-free Net Working Capital to Revenue	19.32%	15.55%	17.58%	25.82%	28.76%	24.00%	26.95%	33.33%	42.65%	43.91%
Net Working Capital to Revenue	18.76%	14.03%	13.61%	21.37%	28.54%	21.20%	26.71%	33.07%	42.40%	43.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$164.62	$43.96	$13.83	$70.65	$58.30	$61.70	$50.55	$54.24	$29.95	($17.87)
Adjusted Weighted Average Basic Shares Outstanding	4.37M	4.64M	4.82M	4.95M	5.12M	5.29M	5.33M	5.52M	5.56M	5.73M
Adjusted Diluted Earnings per Share	$163.40	$43.82	$13.79	$70.45	$58.13	$61.21	$50.20	$53.89	$29.80	($17.87)
Adjusted Weighted Average Diluted Shares Outstanding	4.41M	4.65M	4.84M	4.97M	5.14M	5.33M	5.37M	5.55M	5.59M	5.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$61.70	$50.55	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.34M	4.46M	4.79M	4.90M	5.00M	5.31M	5.32M	5.50M	5.59M	5.64M
Normalized Net Operating Profit after Tax (NOPAT)	190	119	123	87	96	118	213	102	152	125
Normalized NOPAT Margin	3.96%	2.70%	3.14%	2.72%	3.33%	4.03%	7.91%	3.94%	6.11%	4.84%
Pre Tax Income Margin	21.39%	6.77%	3.10%	14.11%	14.10%	14.55%	12.00%	7.05%	10.10%	-4.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.47	5.69	3.23	13.62	11.36	14.72	7.16	6.30	8.22	-2.74
NOPAT to Interest Expense	0.83	0.78	0.89	1.79	1.93	3.73	4.19	6.66	4.26	-1.73
EBIT Less CapEx to Interest Expense	6.07	4.28	1.80	9.13	15.43	13.41	5.17	4.51	6.34	-6.93
NOPAT Less CapEx to Interest Expense	0.43	-0.63	-0.53	-2.69	6.00	2.42	2.20	4.88	2.38	-5.92
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.98%	17.13%	47.83%	8.71%	9.99%	9.01%	10.54%	9.37%	16.12%	-149.00%
Augmented Payout Ratio	20.82%	110.72%	150.89%	25.46%	63.94%	9.82%	54.03%	26.15%	80.42%	-172.16%

This table displays calculated financial ratios and metrics derived from Graham's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.15%	6.77%	8.60%	7.27%	11.74%	9.66%	9.79%	18.40%	12.77%	23.30%	25.08%
EBITDA Growth	-29.72%	407.25%	31.55%	-37.36%	6.45%	-37.49%	29.86%	1,074.46%	-13.56%	82.93%	3.51%
EBIT Growth	-33.67%	536.80%	13,503.57%	-60.52%	20.66%	2.24%	-101.81%	345.82%	-28.26%	19.77%	104.66%
NOPAT Growth	38.04%	68.67%	234.65%	-58.24%	29.61%	367.09%	-192.16%	57.77%	-30.49%	-162.84%	322.38%
Net Income Growth	-79.48%	890.47%	452.54%	-115.16%	136.59%	738.33%	-162.45%	286.40%	-45.14%	-92.19%	-14.72%
EPS Growth	-80.34%	927.75%	427.09%	-118.50%	154.78%	688.89%	-174.26%	285.59%	-44.06%	-91.06%	-14.43%
Operating Cash Flow Growth	4,212.46%	102.81%	69.34%	31.99%	-95.32%	79.56%	34.56%	-27.68%	-49.19%	519.57%	-16.21%
Free Cash Flow Firm Growth	2.53%	123.83%	-110.58%	-122.14%	-142.07%	-149.58%	200.45%	191.05%	157.88%	154.35%	12.55%
Invested Capital Growth	6.12%	0.02%	3.33%	3.33%	6.36%	7.15%	-15.15%	-10.31%	-11.33%	-11.46%	17.88%
Revenue Q/Q Growth	-6.41%	3.20%	1.85%	2.83%	-1.21%	4.97%	0.59%	7.12%	-3.05%	5.10%	8.48%
EBITDA Q/Q Growth	-83.78%	420.04%	33.22%	67.66%	-65.41%	34.87%	-36.56%	184.91%	-74.36%	180.18%	576.03%
EBIT Q/Q Growth	-87.11%	530.21%	108.36%	94.09%	-81.53%	13,364.88%	-100.61%	493.10%	-78.83%	134.57%	183.45%
NOPAT Q/Q Growth	-31.20%	-1.94%	196.79%	-31.06%	-15.93%	178.28%	-192.04%	113.97%	273.24%	-127.01%	57.58%
Net Income Q/Q Growth	-95.34%	640.33%	495.74%	-115.02%	125.07%	363.51%	-117.02%	134.39%	697.49%	-80.37%	150.80%
EPS Q/Q Growth	-95.61%	655.48%	442.80%	-117.28%	129.66%	340.44%	-119.39%	137.96%	611.11%	-77.37%	148.46%
Operating Cash Flow Q/Q Growth	-60.44%	-51.04%	356.50%	4,777.32%	-98.14%	-59.12%	255.81%	72.85%	-28.58%	-69.37%	91.24%
Free Cash Flow Firm Q/Q Growth	-469.89%	185.68%	39.31%	49.33%	9.58%	-138.06%	26.97%	-3.72%	6.57%	177.10%	-15.09%
Invested Capital Q/Q Growth	6.01%	5.38%	-3.24%	-1.83%	-0.08%	8.87%	-3.24%	1.06%	0.65%	-13.78%	2.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.72%	32.10%	31.51%	29.82%	28.86%	29.19%	29.68%	30.51%	29.50%	32.74%	31.38%
EBITDA Margin	14.09%	81.33%	16.14%	12.34%	7.57%	17.12%	13.32%	21.13%	7.94%	30.03%	11.27%
Operating Margin	4.07%	5.82%	6.76%	2.19%	3.07%	3.50%	-5.14%	5.25%	2.68%	-5.16%	5.88%
EBIT Margin	10.45%	75.87%	12.42%	6.07%	3.22%	12.72%	-0.10%	16.50%	2.98%	13.64%	6.11%
Profit (Net Income) Margin	2.21%	44.28%	6.17%	-1.59%	10.87%	4.77%	-1.90%	11.24%	5.14%	0.62%	3.34%
Tax Burden Percent	76.50%	72.81%	65.93%	127.84%	74.24%	76.72%	180.11%	74.81%	73.40%	21.33%	72.87%
Interest Burden Percent	27.60%	80.15%	75.34%	-20.46%	455.23%	48.90%	1,048.61%	91.04%	234.81%	21.45%	75.04%
Effective Tax Rate	23.50%	27.19%	34.07%	0.00%	25.76%	23.28%	0.00%	25.19%	26.60%	78.67%	27.13%
Return on Invested Capital (ROIC)	3.87%	5.41%	6.00%	1.95%	2.85%	3.26%	-4.13%	4.40%	2.12%	-1.16%	4.25%
ROIC Less NNEP Spread (ROIC-NNEP)	6.75%	-111.81%	0.86%	13.32%	-29.52%	-5.67%	-11.27%	-19.92%	-6.27%	-6.10%	6.74%
Return on Net Nonoperating Assets (RNNOA)	-0.59%	11.39%	-0.09%	-1.10%	2.29%	0.40%	0.74%	1.61%	0.59%	0.55%	-0.62%
Return on Equity (ROE)	3.29%	16.80%	5.91%	0.85%	5.14%	3.66%	-3.39%	6.01%	2.71%	-0.61%	3.63%
Cash Return on Invested Capital (CROIC)	-1.74%	4.09%	0.38%	-2.45%	-4.64%	-5.54%	15.94%	12.53%	12.84%	13.46%	-13.10%
Operating Return on Assets (OROA)	6.75%	48.91%	8.30%	4.05%	2.12%	8.17%	-0.06%	10.10%	1.73%	7.66%	3.26%
Return on Assets (ROA)	1.43%	28.54%	4.12%	-1.06%	7.15%	3.07%	-1.17%	6.88%	2.99%	0.35%	1.78%
Return on Common Equity (ROCE)	3.24%	16.55%	5.82%	0.84%	5.07%	3.62%	-3.35%	5.95%	2.69%	-0.60%	3.60%
Return on Equity Simple (ROE_SIMPLE)	14.74%	0.00%	5.91%	3.56%	7.03%	0.00%	4.41%	5.71%	0.72%	0.00%	3.49%
Net Operating Profit after Tax (NOPAT)	36	53	54	18	26	31	-40	43	20	-12	43
NOPAT Margin	3.12%	4.24%	4.46%	1.53%	2.28%	2.68%	-3.60%	3.93%	1.97%	-1.10%	4.28%
Net Nonoperating Expense Percent (NNEP)	-2.88%	117.21%	5.14%	-11.37%	32.37%	8.94%	7.14%	24.32%	8.40%	4.94%	-2.49%
Return On Investment Capital (ROIC_SIMPLE)	0.70%	1.05%	-	-	-	0.65%	-	-	-	-0.26%	-
Cost of Revenue to Revenue	70.28%	67.90%	68.49%	70.18%	71.14%	70.82%	70.32%	69.49%	70.50%	67.26%	68.62%
SG&A Expenses to Revenue	23.22%	22.07%	22.29%	22.69%	22.90%	22.80%	22.92%	22.14%	23.46%	23.04%	22.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.65%	26.28%	24.75%	27.63%	25.79%	25.69%	34.82%	25.26%	26.82%	37.91%	25.50%
Earnings before Interest and Taxes (EBIT)	122	945	150	72	37	148	-1.12	182	31	145	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	164	1,013	195	146	87	200	148	233	82	320	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.97	0.89	0.90	0.78	0.86	0.79	0.73	0.70	0.75	0.76	0.60
Price to Tangible Book Value (P/TBV)	1.62	1.49	1.63	1.41	1.55	1.46	1.42	1.39	1.52	1.55	1.13
Price to Revenue (P/Rev)	0.87	0.79	0.77	0.67	0.77	0.71	0.62	0.64	0.70	0.72	0.69
Price to Earnings (P/E)	6.67	5.20	15.75	23.19	12.52	15.25	16.93	12.51	118.47	42.31	17.52
Dividend Yield	0.73%	0.79%	0.83%	0.97%	0.87%	0.96%	1.13%	1.14%	1.09%	1.07%	1.19%
Earnings Yield	15.00%	19.21%	6.35%	4.31%	7.99%	6.56%	5.91%	8.00%	0.84%	2.36%	5.71%
Enterprise Value to Invested Capital (EV/IC)	0.96	0.87	0.89	0.76	0.85	0.77	0.70	0.68	0.73	0.74	0.58
Enterprise Value to Revenue (EV/Rev)	0.80	0.68	0.67	0.61	0.70	0.66	0.56	0.57	0.64	0.66	0.63
Enterprise Value to EBITDA (EV/EBITDA)	2.79	2.27	5.03	4.82	4.74	4.38	3.10	3.23	5.25	5.17	6.53
Enterprise Value to EBIT (EV/EBIT)	3.35	2.71	7.75	10.93	8.65	8.07	6.80	5.76	15.77	14.84	15.46
Enterprise Value to NOPAT (EV/NOPAT)	23.65	21.21	24.66	94.84	57.22	59.17	0.00	38.90	82.93	53.74	18.89
Enterprise Value to Operating Cash Flow (EV/OCF)	8.47	8.03	9.07	11.18	13.31	11.19	10.36	12.20	12.09	11.07	11.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	21.29	236.56	0.00	0.00	0.00	4.06	5.13	5.36	5.20	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.17	0.19	0.21	0.20	0.20	0.20	0.18	0.18	0.19	0.17
Long-Term Debt to Equity	0.16	0.17	0.18	0.18	0.18	0.19	0.20	0.15	0.15	0.15	0.13
Financial Leverage	-0.09	-0.10	-0.10	-0.08	-0.08	-0.07	-0.07	-0.08	-0.09	-0.09	-0.09
Leverage Ratio	1.76	1.78	1.81	1.75	1.75	1.76	1.74	1.68	1.68	1.70	1.69
Compound Leverage Factor	0.48	1.43	1.36	-0.36	7.96	0.86	18.22	1.53	3.94	0.37	1.27
Debt to Total Capital	16.52%	14.73%	15.82%	17.15%	16.61%	16.78%	16.91%	15.48%	15.42%	16.14%	14.19%
Short-Term Debt to Total Capital	2.85%	0.52%	0.71%	2.09%	1.57%	1.38%	0.49%	3.09%	2.74%	3.46%	2.83%
Long-Term Debt to Total Capital	13.67%	14.21%	15.12%	15.05%	15.04%	15.40%	16.43%	12.39%	12.67%	12.68%	11.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.43%	1.46%	1.38%	1.34%	1.04%	1.04%	1.19%	1.10%	0.99%	0.96%	0.70%
Common Equity to Total Capital	82.05%	83.81%	82.85%	81.51%	82.35%	82.18%	81.90%	83.43%	83.59%	82.90%	85.11%
Debt to EBITDA	0.63	0.52	1.22	1.44	1.22	1.22	0.97	0.94	1.41	1.44	1.98
Net Debt to EBITDA	-0.30	-0.40	-0.82	-0.62	-0.53	-0.41	-0.39	-0.41	-0.56	-0.54	-0.67
Long-Term Debt to EBITDA	0.52	0.50	1.16	1.26	1.10	1.12	0.94	0.76	1.16	1.13	1.58
Debt to NOPAT	5.34	4.86	5.97	28.25	14.72	16.52	-45.80	11.35	22.21	14.96	5.72
Net Debt to NOPAT	-2.51	-3.75	-4.04	-12.19	-6.37	-5.57	18.20	-4.90	-8.82	-5.61	-1.93
Long-Term Debt to NOPAT	4.42	4.68	5.71	24.80	13.33	15.16	-44.48	9.09	18.25	11.75	4.58
Altman Z-Score	3.05	3.31	2.88	2.81	2.86	2.81	2.83	2.97	2.88	2.91	2.51
Noncontrolling Interest Sharing Ratio	1.49%	1.49%	1.51%	1.46%	1.21%	1.20%	1.10%	0.98%	0.86%	0.85%	0.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.62	1.75	1.57	1.61	1.57	1.50	1.56	1.50	1.46	1.47	1.44
Quick Ratio	1.25	1.36	1.20	1.18	1.15	1.13	1.19	1.12	1.11	1.16	1.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-193	52	-61	-100	-198	-219	575	453	471	442	-573
Operating Cash Flow to CapEx	297.21%	690.48%	1,311.08%	284.35%	5.02%	204.84%	692.88%	214.81%	101.14%	155.57%	417.98%
Free Cash Flow to Firm to Interest Expense	-2.35	1.05	-2.35	-1.10	-10.24	-8.61	48.71	38.48	32.92	28.61	-49.46
Operating Cash Flow to Interest Expense	0.56	2.35	9.17	0.57	0.06	2.26	11.88	3.35	1.60	2.07	9.00
Operating Cash Flow Less CapEx to Interest Expense	0.37	2.01	8.47	0.37	-1.04	1.15	10.16	1.79	0.02	0.74	6.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.64	0.67	0.67	0.66	0.64	0.62	0.61	0.58	0.56	0.53
Accounts Receivable Turnover	9.61	9.22	8.89	9.88	9.00	8.35	7.99	8.93	7.89	6.89	6.67
Inventory Turnover	11.28	11.21	11.29	11.19	11.16	11.84	12.24	13.28	13.75	14.43	16.14
Fixed Asset Turnover	8.80	8.63	8.60	8.75	8.60	8.30	8.55	8.84	8.39	8.08	8.01
Accounts Payable Turnover	5.15	4.73	4.78	5.19	5.26	4.89	5.04	5.19	5.32	4.59	4.71
Days Sales Outstanding (DSO)	37.99	39.60	41.05	36.94	40.55	43.69	45.68	40.88	46.29	52.99	54.71
Days Inventory Outstanding (DIO)	32.35	32.55	32.34	32.63	32.72	30.82	29.83	27.48	26.55	25.29	22.61
Days Payable Outstanding (DPO)	70.89	77.24	76.41	70.31	69.45	74.63	72.36	70.30	68.58	79.51	77.53
Cash Conversion Cycle (CCC)	-0.55	-5.09	-3.02	-0.74	3.82	-0.11	3.14	-1.94	4.26	-1.24	-0.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,979	3,753	3,562	3,681	3,749	3,752	3,447	3,562	3,525	3,502	4,062
Invested Capital Turnover	1.24	1.28	1.34	1.27	1.25	1.22	1.15	1.12	1.08	1.05	0.99
Increase / (Decrease) in Invested Capital	229	0.62	115	118	224	250	-615	-410	-450	-453	616
Enterprise Value (EV)	3,830	3,268	3,158	2,803	3,171	2,907	2,429	2,421	2,581	2,609	2,346
Market Capitalization	4,162	3,771	3,608	3,098	3,472	3,131	2,678	2,676	2,811	2,838	2,551
Book Value per Share	$989.50	$982.25	$910.68	$894.16	$912.34	$874.88	$793.48	$803.22	$782.12	$777.11	$879.68
Tangible Book Value per Share	$592.72	$585.11	$504.01	$494.68	$505.69	$473.22	$404.48	$406.11	$386.56	$381.13	$464.88
Total Capital	5,234	5,079	4,836	4,868	4,910	4,838	4,504	4,566	4,483	4,501	5,005
Total Debt	865	748	765	835	816	812	762	707	691	726	710
Total Long-Term Debt	715	722	731	733	739	745	740	566	568	571	569
Net Debt	-407	-578	-517	-360	-353	-274	-303	-305	-274	-272	-240
Capital Expenditures (CapEx)	15	17	18	18	21	28	20	18	23	21	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-188	-231	-327	-177	-196	-213	-205	-115	-133	-122	-141
Debt-free Net Working Capital (DFNWC)	926	925	787	833	786	686	668	699	637	690	640
Net Working Capital (NWC)	777	899	753	731	709	620	646	558	514	534	498
Net Nonoperating Expense (NNE)	11	-499	-21	37	-99	-24	-19	-81	-33	-18	9.54
Net Nonoperating Obligations (NNO)	-391	-578	-510	-353	-345	-274	-295	-297	-267	-272	-232
Total Depreciation and Amortization (D&A)	42	68	45	74	50	51	149	51	51	174	52
Debt-free, Cash-free Net Working Capital to Revenue	-3.92%	-4.83%	-6.94%	-3.82%	-4.32%	-4.81%	-4.75%	-2.73%	-3.30%	-3.12%	-3.78%
Debt-free Net Working Capital to Revenue	19.28%	19.32%	16.70%	18.05%	17.33%	15.55%	15.49%	16.58%	15.77%	17.58%	17.19%
Net Working Capital to Revenue	16.17%	18.76%	15.98%	15.84%	15.63%	14.03%	14.99%	13.23%	12.73%	13.61%	13.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.50	$125.00	$16.54	($4.79)	$27.87	$12.11	($5.02)	$25.96	$10.91	$1.50	$6.78
Adjusted Weighted Average Basic Shares Outstanding	4.32M	4.37M	4.35M	4.40M	4.43M	4.64M	4.60M	4.70M	4.76M	4.82M	4.81M
Adjusted Diluted Earnings per Share	$5.45	$124.05	$16.42	($4.79)	$27.72	$12.07	($5.02)	$25.89	$10.88	$1.53	$6.76
Adjusted Weighted Average Diluted Shares Outstanding	4.36M	4.41M	4.38M	4.40M	4.46M	4.65M	4.60M	4.71M	4.78M	4.84M	4.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.36M	4.34M	4.33M	4.40M	4.44M	4.46M	4.54M	4.65M	4.74M	4.79M	4.80M
Normalized Net Operating Profit after Tax (NOPAT)	36	70	54	37	26	31	29	43	21	52	43
Normalized NOPAT Margin	3.12%	5.61%	4.46%	3.08%	2.28%	2.68%	2.60%	3.93%	2.02%	4.87%	4.28%
Pre Tax Income Margin	2.88%	60.81%	9.36%	-1.24%	14.65%	6.22%	-1.06%	15.02%	7.00%	2.93%	4.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.48	19.08	5.79	0.79	1.92	5.84	-0.09	15.48	2.15	9.41	5.35
NOPAT to Interest Expense	0.44	1.07	2.08	0.20	1.36	1.23	-3.39	3.69	1.42	-0.76	3.75
EBIT Less CapEx to Interest Expense	1.29	18.74	5.09	0.59	0.82	4.74	-1.81	13.93	0.57	8.08	3.19
NOPAT Less CapEx to Interest Expense	0.25	0.73	1.38	0.00	0.26	0.13	-5.10	2.13	-0.16	-2.09	1.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	35.40%	4.98%	15.06%	25.42%	12.68%	17.13%	20.97%	15.61%	126.10%	47.83%	20.98%
Augmented Payout Ratio	51.12%	20.82%	84.37%	152.02%	81.24%	110.72%	113.34%	64.94%	448.31%	150.89%	80.38%

Frequently Asked Questions About Graham's Financials

When does Graham's financial year end?

According to the most recent income statement we have on file, Graham's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Graham's net income changed over the last 9 years?

Graham's net income appears to be on an upward trend, with a most recent value of $732.61 million in 2024, falling from -$99.22 million in 2015. The previous period was $211.70 million in 2023.

What is Graham's operating income?

Graham's total operating income in 2024 was $215.50 million, based on the following breakdown:

Total Gross Profit: $1.47 billion
Total Operating Expenses: $1.25 billion

How has Graham revenue changed over the last 9 years?

Over the last 9 years, Graham's total revenue changed from $2.59 billion in 2015 to $4.79 billion in 2024, a change of 85.3%.

How much debt does Graham have?

Graham's total liabilities were at $3.35 billion at the end of 2024, a 5.8% increase from 2023, and a 82.3% increase since 2015.

How much cash does Graham have?

In the past 9 years, Graham's cash and equivalents has ranged from $145.89 million in 2021 to $754.21 million in 2015, and is currently $260.85 million as of their latest financial filing in 2024.

How has Graham's book value per share changed over the last 9 years?

Over the last 9 years, Graham's book value per share changed from 426.46 in 2015 to 982.25 in 2024, a change of 130.3%.

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This page (NYSE:GHC) was last updated on 5/21/2025 by MarketBeat.com Staff

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Graham (GHC) Financials

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Graham (GHC) Financials

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