Graham (GHM) Financials

$39.85 +0.07 (+0.18%)

As of 10:45 AM 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
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021
Net Income / (Loss) Attributable to Common Shareholders	4.56	0.37	-8.77	2.37
Consolidated Net Income / (Loss)	4.56	0.37	-8.77	2.37
Net Income / (Loss) Continuing Operations	4.56	0.37	-8.77	2.37
Total Pre-Tax Income	5.57	0.56	-11	3.27
Total Operating Income	6.92	1.25	-11	3.00
Total Gross Profit	41	25	9.13	20
Total Revenue	186	157	123	97
Operating Revenue	186	157	123	97
Total Cost of Revenue	145	132	114	77
Operating Cost of Revenue	145	132	114	77
Total Operating Expenses	34	24	20	17
Selling, General & Admin Expense	34	24	21	17
Other Operating Expenses / (Income)	0.08	0.00	-0.83	0.00
Total Other Income / (Expense), net	-1.35	-0.69	0.13	0.27
Interest Expense	0.97	0.94	0.40	0.01
Other Income / (Expense), net	-0.37	0.25	0.53	0.11
Income Tax Expense	1.02	0.19	-2.44	0.89
Basic Earnings per Share	$0.42	$0.03	($0.83)	$0.24
Weighted Average Basic Shares Outstanding	10.74M	10.61M	10.54M	9.96M
Diluted Earnings per Share	$0.42	$0.03	($0.83)	$0.24
Weighted Average Diluted Shares Outstanding	10.84M	10.65M	10.54M	9.96M
Weighted Average Basic & Diluted Shares Outstanding	10.87M	10.68M	10.60M	9.95M
Cash Dividends to Common per Share	$0.00	$0.00	$0.33	$0.44

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

Metric	Q3 2025	Q3 2024	Q2 2024	Q1 2024	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	12/31/2023	9/30/2024	6/30/2024	9/30/2022	6/30/2023	3/31/2022	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	1.59	0.17	3.28	2.97	-0.20	2.64	-5.82	0.37
Consolidated Net Income / (Loss)	1.59	0.17	3.28	2.97	-0.20	2.64	-5.82	0.37
Net Income / (Loss) Continuing Operations	1.59	0.17	3.28	2.97	-0.20	2.64	-5.82	0.37
Total Pre-Tax Income	2.25	0.06	4.30	3.29	-0.24	3.41	-7.55	0.44
Total Operating Income	2.21	0.91	4.24	3.22	-0.05	3.68	-7.95	0.67
Total Gross Profit	12	9.72	13	12	5.28	11	-3.29	6.23
Total Revenue	47	44	54	50	38	48	25	40
Operating Revenue	47	44	54	50	38	48	25	40
Total Cost of Revenue	35	34	41	38	33	37	28	34
Operating Cost of Revenue	35	34	41	38	33	37	28	34
Total Operating Expenses	9.48	8.81	8.56	9.14	5.33	7.29	4.66	5.56
Selling, General & Admin Expense	9.70	8.81	9.16	9.27	5.33	7.29	5.49	5.56
Other Operating Expenses / (Income)	-0.22	0.00	-0.60	-0.13	0.00	0.00	-	0.00
Total Other Income / (Expense), net	0.04	-0.86	0.06	0.07	-0.18	-0.28	0.40	-0.23
Interest Expense	-0.13	0.76	-0.15	-0.16	0.25	0.19	-0.24	0.33
Other Income / (Expense), net	-0.09	-0.09	-0.09	-0.09	0.06	-0.09	0.24	0.06
Income Tax Expense	0.66	-0.11	1.02	0.33	-0.04	0.77	-1.73	0.07
Basic Earnings per Share	$0.15	$0.02	$0.30	$0.27	($0.02)	$0.25	($0.53)	$0.03
Weighted Average Basic Shares Outstanding	10.89M	10.78M	10.89M	10.86M	10.62M	10.65M	10.54M	10.61M
Diluted Earnings per Share	$0.14	$0.02	$0.30	$0.27	($0.02)	$0.25	($0.53)	$0.03
Weighted Average Diluted Shares Outstanding	11.06M	10.92M	11.02M	10.96M	10.62M	10.72M	10.54M	10.66M
Weighted Average Basic & Diluted Shares Outstanding	10.90M	-	10.89M	10.89M	-	10.70M	10.60M	10.64M

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
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021
Net Change in Cash & Equivalents	-1.32	3.52	76	27
Net Cash From Operating Activities	28	14	-2.22	-1.72
Net Cash From Continuing Operating Activities	28	14	-2.22	-1.72
Net Income / (Loss) Continuing Operations	4.56	0.37	-8.77	2.37
Consolidated Net Income / (Loss)	4.56	0.37	-8.77	2.37
Depreciation Expense	3.28	3.51	3.08	1.95
Amortization Expense	3.13	3.36	3.52	1.07
Non-Cash Adjustments To Reconcile Net Income	40	11	2.23	-18
Changes in Operating Assets and Liabilities, net	-23	-4.03	-2.28	11
Net Cash From Investing Activities	-16	-3.75	-57	32
Net Cash From Continuing Investing Activities	-16	-3.75	63	32
Purchase of Property, Plant & Equipment	-9.23	-3.75	-2.32	-2.16
Acquisitions	-6.81	0.00	60	0.00
Sale of Property, Plant & Equipment	0.04	0.00	0.00	0.01
Sale and/or Maturity of Investments	0.00	0.00	5.50	77
Net Cash From Financing Activities	-13	-6.44	14	-4.45
Net Cash From Continuing Financing Activities	-13	-6.44	14	-4.45
Repayment of Debt	-27	-11	-40	-4.64
Repurchase of Common Equity	-0.06	-0.02	-0.04	-0.02
Payment of Dividends	0.00	0.00	-3.52	-4.39
Issuance of Debt	13	5.00	58	4.60
Issuance of Common Equity	0.48	0.00	0.00	-
Other Financing Activities, net	-0.29	-0.28	-0.23	0.00
Other Net Changes in Cash	-0.05	-0.21	-	0.36

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	Q3 2024	Q2 2024	Q1 2024	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2023	9/30/2023	6/30/2024	9/30/2022	6/30/2023	3/31/2022	12/31/2021
Net Change in Cash & Equivalents	-11	2.87	4.67	1.22	6.41	121	-2.47
Net Cash From Operating Activities	7.59	3.18	8.72	0.29	8.60	12	-5.85
Net Cash From Continuing Operating Activities	7.59	3.18	8.72	0.29	8.60	12	-5.85
Net Income / (Loss) Continuing Operations	0.17	0.09	2.97	-0.20	2.64	-1.43	-3.73
Consolidated Net Income / (Loss)	0.17	0.09	2.97	-0.20	2.64	-1.43	-3.73
Depreciation Expense	0.83	0.69	0.86	0.87	0.79	0.85	0.83
Amortization Expense	0.82	0.68	0.75	0.85	0.72	1.03	1.03
Non-Cash Adjustments To Reconcile Net Income	11	15	4.26	-1.19	16	-7.97	12
Changes in Operating Assets and Liabilities, net	-5.24	-13	-0.11	-0.04	-11	20	-16
Net Cash From Investing Activities	-8.69	-0.13	-3.15	-0.89	-1.50	-1.13	-0.68
Net Cash From Continuing Investing Activities	-8.69	-0.13	-3.15	-0.89	-1.50	119	-0.68
Purchase of Property, Plant & Equipment	-1.88	-0.33	-2.98	-0.89	-1.50	-0.42	-0.68
Acquisitions	-6.81	0.17	-0.17	-	0.00	120	-
Net Cash From Financing Activities	-9.57	-0.11	-0.89	1.93	-0.64	-10	4.01
Net Cash From Continuing Financing Activities	-9.57	-0.11	-0.89	1.93	-0.64	-10	4.01
Repayment of Debt	-22	-1.02	0.00	-1.01	-0.50	-39	-0.41
Issuance of Debt	13	-	-	3.00	-	29	5.75
Other Financing Activities, net	-0.08	-0.07	-0.08	-0.07	-0.09	-0.07	-
Other Net Changes in Cash	0.04	-0.08	-0.01	-0.11	-0.06	-	-

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
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021
Total Assets	234	204	184	144
Total Current Assets	126	110	87	120
Cash & Equivalents	17	18	15	60
Accounts Receivable	44	24	28	17
Inventories, net	33	26	17	17
Prepaid Expenses	3.56	1.84	1.39	0.51
Current Deferred & Refundable Income Taxes	0.00	-	0.46	0.00
Other Current Assets	28	40	26	20
Plant, Property, & Equipment, net	32	26	25	18
Total Noncurrent Assets	76	69	72	6.41
Goodwill	26	24	24	0.00
Intangible Assets	33	28	30	0.00
Noncurrent Deferred & Refundable Income Taxes	2.98	2.80	2.44	0.00
Employee Benefit Assets	6.40	6.11	7.06	6.22
Other Noncurrent Operating Assets	8.03	8.40	8.59	0.20
Total Liabilities & Shareholders' Equity	234	204	184	144
Total Liabilities	128	107	87	46
Total Current Liabilities	118	86	59	44
Accounts Payable	21	20	17	18
Accrued Expenses	6.67	6.43	6.05	4.63
Customer Deposits	72	46	26	14
Current Deferred & Payable Income Tax Liabilities	0.72	0.02	0.00	0.74
Current Employee Benefit Liabilities	17	10	7.99	6.11
Other Current Liabilities	1.26	1.05	1.08	0.05
Total Noncurrent Liabilities	10	21	28	2.78
Capital Lease Obligations	0.07	0.09	0.01	0.03
Noncurrent Employee Benefit Liabilities	1.25	1.34	1.67	2.07
Other Noncurrent Operating Liabilities	8.78	9.65	9.66	0.04
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	106	97	96	98
Total Preferred & Common Equity	106	97	96	98
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	106	97	96	98
Common Stock	33	29	29	28
Retained Earnings	82	77	77	89
Treasury Stock	-2.53	-2.18	-2.96	-12
Accumulated Other Comprehensive Income / (Loss)	-7.01	-7.46	-6.47	-7.40

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	Q3 2025	Q2 2024	Q1 2024	Q1 2023	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	6/30/2023	12/31/2022
Total Assets	264	250	244	210	208
Total Current Assets	146	138	135	117	112
Cash & Equivalents	30	32	22	25	17
Accounts Receivable	35	29	37	30	35
Inventories, net	39	32	33	25	24
Prepaid Expenses	3.87	4.41	4.01	2.68	1.90
Current Deferred & Refundable Income Taxes	0.05	0.12	0.00	0.51	0.59
Other Current Assets	38	41	40	34	34
Plant, Property, & Equipment, net	44	37	34	26	25
Total Noncurrent Assets	75	75	75	68	70
Goodwill	26	26	26	24	24
Intangible Assets	31	31	32	28	28
Noncurrent Deferred & Refundable Income Taxes	2.93	2.88	2.83	1.79	2.21
Employee Benefit Assets	6.57	6.51	6.45	6.18	7.55
Other Noncurrent Operating Assets	8.50	8.37	8.18	8.22	8.70
Total Liabilities & Shareholders' Equity	264	250	244	210	208
Total Liabilities	150	137	136	110	110
Total Current Liabilities	141	128	126	90	86
Accounts Payable	25	22	20	15	23
Accrued Expenses	4.65	5.10	6.27	5.71	5.20
Customer Deposits	93	86	88	56	44
Current Deferred & Payable Income Tax Liabilities	0.07	0.08	0.89	0.06	0.03
Current Employee Benefit Liabilities	17	13	11	10	11
Other Current Liabilities	1.16	1.16	1.23	1.14	1.03
Total Noncurrent Liabilities	8.89	9.25	9.79	20	24
Capital Lease Obligations	0.05	0.06	0.06	0.08	0.00
Noncurrent Employee Benefit Liabilities	1.26	1.26	1.26	1.34	1.67
Other Noncurrent Operating Liabilities	7.59	7.93	8.47	9.25	9.87
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	114	112	108	100	98
Total Preferred & Common Equity	114	112	108	100	98
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	114	112	108	100	98
Common Stock	35	34	33	30	29
Retained Earnings	90	88	85	80	78
Treasury Stock	-3.39	-3.39	-3.34	-2.53	-2.63
Accumulated Other Comprehensive Income / (Loss)	-6.67	-6.61	-6.89	-7.55	-6.60

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

Metric	2024	2023	2022	2021
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	18.09%	27.93%	25.98%	7.60%
EBITDA Growth	54.75%	298.32%	-168.95%	54.40%
EBIT Growth	336.53%	113.87%	-447.67%	211.10%
NOPAT Growth	591.89%	110.30%	-464.47%	312.66%
Net Income Growth	1,141.42%	104.18%	-469.55%	26.82%
EPS Growth	1,300.00%	103.61%	-445.83%	26.32%
Operating Cash Flow Growth	102.10%	727.04%	-28.86%	-238.98%
Free Cash Flow Firm Growth	-17.23%	112.70%	-973.67%	-114.31%
Invested Capital Growth	-2.45%	-8.71%	203.90%	38.59%
Revenue Q/Q Growth	0.00%	0.00%	2.48%	7.60%
EBITDA Q/Q Growth	0.00%	0.00%	-279.46%	53.20%
EBIT Q/Q Growth	0.00%	0.00%	-246.22%	211.10%
NOPAT Q/Q Growth	0.00%	0.00%	-229.64%	312.66%
Net Income Q/Q Growth	0.00%	0.00%	-206.53%	26.82%
EPS Q/Q Growth	0.00%	0.00%	-186.21%	26.32%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	86.90%	-128.57%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	22.76%	-124.49%
Invested Capital Q/Q Growth	0.00%	0.00%	5.56%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	21.87%	16.17%	7.43%	21.00%
EBITDA Margin	6.98%	5.33%	-3.44%	6.28%
Operating Margin	3.73%	0.80%	-9.24%	3.08%
EBIT Margin	3.53%	0.95%	-8.81%	3.19%
Profit (Net Income) Margin	2.46%	0.23%	-7.14%	2.44%
Tax Burden Percent	81.74%	65.42%	78.22%	72.67%
Interest Burden Percent	85.13%	37.40%	103.70%	105.01%
Effective Tax Rate	18.26%	34.58%	0.00%	27.33%
Return on Invested Capital (ROIC)	6.27%	0.85%	-11.93%	7.68%
ROIC Less NNEP Spread (ROIC-NNEP)	16.32%	49.06%	-9.22%	7.40%
Return on Net Nonoperating Assets (RNNOA)	-1.77%	-0.47%	2.91%	-5.24%
Return on Equity (ROE)	4.50%	0.38%	-9.02%	2.44%
Cash Return on Invested Capital (CROIC)	8.75%	9.97%	-112.90%	-24.67%
Operating Return on Assets (OROA)	2.99%	0.77%	-6.60%	2.13%
Return on Assets (ROA)	2.08%	0.19%	-5.35%	1.62%
Return on Common Equity (ROCE)	4.50%	0.38%	-9.02%	2.44%
Return on Equity Simple (ROE_SIMPLE)	4.32%	0.38%	-9.09%	2.42%
Net Operating Profit after Tax (NOPAT)	5.66	0.82	-7.94	2.18
NOPAT Margin	3.05%	0.52%	-6.47%	2.23%
Net Nonoperating Expense Percent (NNEP)	-10.06%	-48.21%	-2.72%	0.28%
Cost of Revenue to Revenue	78.13%	83.83%	92.57%	79.00%
SG&A Expenses to Revenue	18.10%	15.38%	17.34%	17.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.14%	15.38%	16.67%	17.92%
Earnings before Interest and Taxes (EBIT)	6.55	1.50	-11	3.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	8.37	-4.22	6.12
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	2.77	1.44	0.85	1.42
Price to Tangible Book Value (P/TBV)	6.21	3.09	1.91	1.42
Price to Revenue (P/Rev)	1.57	0.89	0.67	1.43
Price to Earnings (P/E)	64.08	379.14	0.00	58.52
Dividend Yield	0.00%	0.00%	5.71%	3.16%
Earnings Yield	1.56%	0.26%	0.00%	1.71%
Enterprise Value to Invested Capital (EV/IC)	3.09	1.45	0.86	2.24
Enterprise Value to Revenue (EV/Rev)	1.48	0.84	0.70	0.76
Enterprise Value to EBITDA (EV/EBITDA)	21.24	15.85	0.00	12.08
Enterprise Value to EBIT (EV/EBIT)	42.01	88.48	0.00	23.77
Enterprise Value to NOPAT (EV/NOPAT)	48.62	162.30	0.00	33.94
Enterprise Value to Operating Cash Flow (EV/OCF)	9.78	9.54	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	34.82	13.90	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.12	0.19	0.00
Long-Term Debt to Equity	0.00	0.10	0.17	0.00
Financial Leverage	-0.11	-0.01	-0.32	-0.71
Leverage Ratio	2.16	2.00	1.69	1.50
Compound Leverage Factor	1.84	0.75	1.75	1.58
Debt to Total Capital	0.06%	10.88%	16.01%	0.06%
Short-Term Debt to Total Capital	0.00%	1.84%	1.74%	0.02%
Long-Term Debt to Total Capital	0.06%	9.04%	14.27%	0.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.94%	89.12%	83.99%	99.94%
Debt to EBITDA	0.01	1.41	-4.36	0.01
Net Debt to EBITDA	-1.30	-0.77	-0.86	-10.61
Long-Term Debt to EBITDA	0.01	1.17	-3.88	0.01
Debt to NOPAT	0.01	14.47	-2.32	0.03
Net Debt to NOPAT	-2.98	-7.86	-0.46	-29.83
Long-Term Debt to NOPAT	0.01	12.02	-2.06	0.02
Altman Z-Score	2.78	2.25	1.81	4.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.07	1.28	1.47	2.76
Quick Ratio	0.52	0.49	0.71	1.89
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	7.90	9.54	-75	-7.00
Operating Cash Flow to CapEx	306.25%	371.14%	-95.48%	-80.06%
Free Cash Flow to Firm to Interest Expense	8.11	10.16	-187.83	-636.13
Operating Cash Flow to Interest Expense	28.87	14.82	-5.55	-156.55
Operating Cash Flow Less CapEx to Interest Expense	19.44	10.83	-11.36	-352.09
Efficiency Ratios	-	-	-	-
Asset Turnover	0.85	0.81	0.75	0.67
Accounts Receivable Turnover	5.42	6.08	5.46	5.95
Inventory Turnover	4.86	6.03	6.54	3.89
Fixed Asset Turnover	6.44	6.23	5.78	5.54
Accounts Payable Turnover	7.07	7.14	6.56	4.78
Days Sales Outstanding (DSO)	67.28	59.99	66.90	61.36
Days Inventory Outstanding (DIO)	75.17	60.56	55.78	93.89
Days Payable Outstanding (DPO)	51.63	51.11	55.60	76.36
Cash Conversion Cycle (CCC)	90.82	69.44	67.08	78.89
Capital & Investment Metrics	-	-	-	-
Invested Capital	89	91	100	33
Invested Capital Turnover	2.05	1.64	1.85	3.44
Increase / (Decrease) in Invested Capital	-2.24	-8.73	67	9.18
Enterprise Value (EV)	275	133	86	74
Market Capitalization	292	139	82	139
Book Value per Share	$9.83	$9.11	$9.07	$9.80
Tangible Book Value per Share	$4.38	$4.23	$4.04	$9.80
Total Capital	106	109	115	98
Total Debt	0.07	12	18	0.06
Total Long-Term Debt	0.07	9.83	16	0.03
Net Debt	-17	-6.43	3.65	-65
Capital Expenditures (CapEx)	9.18	3.75	2.32	2.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.83	7.65	15	12
Debt-free Net Working Capital (DFNWC)	8.11	26	30	77
Net Working Capital (NWC)	8.11	24	28	77
Net Nonoperating Expense (NNE)	1.10	0.45	0.83	-0.20
Net Nonoperating Obligations (NNO)	-16	-5.52	3.65	-65
Total Depreciation and Amortization (D&A)	6.41	6.87	6.60	3.01
Debt-free, Cash-free Net Working Capital to Revenue	-4.76%	4.87%	12.26%	11.96%
Debt-free Net Working Capital to Revenue	4.37%	16.49%	24.26%	78.67%
Net Working Capital to Revenue	4.37%	15.21%	22.63%	78.65%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.42	$0.03	($0.83)	$0.24
Adjusted Weighted Average Basic Shares Outstanding	10.74M	10.61M	10.54M	9.96M
Adjusted Diluted Earnings per Share	$0.42	$0.03	($0.83)	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	10.84M	10.65M	10.54M	9.96M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.87M	10.68M	10.60M	9.95M
Normalized Net Operating Profit after Tax (NOPAT)	5.66	0.82	-7.94	2.18
Normalized NOPAT Margin	3.05%	0.52%	-6.47%	2.23%
Pre Tax Income Margin	3.00%	0.36%	-9.13%	3.35%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	6.72	1.60	-27.04	282.82
NOPAT to Interest Expense	5.81	0.87	-19.85	198.05
EBIT Less CapEx to Interest Expense	-2.70	-2.40	-32.85	87.27
NOPAT Less CapEx to Interest Expense	-3.62	-3.12	-25.66	2.50
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-40.16%	184.96%
Augmented Payout Ratio	1.27%	5.72%	-40.62%	185.93%

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

Metric	Q3 2025	Q3 2024	Q2 2024	Q1 2024	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	12/31/2023	9/30/2024	6/30/2024	9/30/2022	6/30/2023	3/31/2022	12/31/2022
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	7.35%	0.00%	40.43%	5.01%	11.71%	135.99%	-4.01%	46.84%
EBITDA Growth	-13.97%	0.00%	234.05%	-7.08%	36.07%	281.49%	-547.55%	17.54%
EBIT Growth	159.05%	0.00%	41,340.00%	-12.75%	101.80%	193.30%	-1,501.64%	-45.62%
NOPAT Growth	-42.85%	0.00%	8,983.68%	1.66%	92.59%	201.75%	-1,465.24%	-43.81%
Net Income Growth	862.42%	0.00%	1,773.98%	12.35%	60.16%	184.45%	-1,599.74%	-65.28%
EPS Growth	600.00%	0.00%	1,600.00%	8.00%	60.00%	180.65%	-1,425.00%	-72.73%
Operating Cash Flow Growth	0.00%	0.00%	4,687.97%	1.31%	117.90%	221.58%	615.59%	219.13%
Free Cash Flow Firm Growth	0.00%	0.00%	-175.52%	-86.34%	199.48%	120.35%	-729.76%	-424.72%
Invested Capital Growth	0.00%	0.00%	0.00%	-0.16%	0.00%	-18.21%	203.90%	0.00%
Revenue Q/Q Growth	0.00%	-18.19%	7.23%	0.00%	-19.82%	93.05%	-14.36%	16.77%
EBITDA Q/Q Growth	0.00%	-57.23%	21.52%	0.00%	-66.20%	187.39%	-336.66%	94.63%
EBIT Q/Q Growth	0.00%	-80.26%	32.27%	0.00%	-99.72%	146.58%	-1,153.14%	231.42%
NOPAT Q/Q Growth	0.00%	-15.48%	11.39%	0.00%	-101.27%	151.30%	-1,090.19%	214.38%
Net Income Q/Q Growth	0.00%	-94.97%	10.62%	0.00%	-107.42%	145.37%	-56.01%	174.80%
EPS Q/Q Growth	0.00%	-93.33%	11.11%	0.00%	-108.00%	147.17%	-51.43%	160.00%
Operating Cash Flow Q/Q Growth	0.00%	138.37%	59.86%	0.00%	-96.62%	-30.24%	310.82%	674.66%
Free Cash Flow Firm Q/Q Growth	0.00%	100.00%	-2,630.58%	0.00%	357.85%	130.60%	22.85%	7.96%
Invested Capital Q/Q Growth	0.00%	-100.00%	-7.84%	0.00%	-100.00%	-12.95%	5.56%	-6.97%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	24.84%	22.19%	23.90%	24.76%	13.84%	23.08%	-13.36%	15.62%
EBITDA Margin	4.51%	5.62%	10.75%	9.49%	4.52%	10.72%	-23.68%	6.18%
Operating Margin	4.70%	2.08%	7.91%	6.45%	-0.14%	7.74%	-32.27%	1.68%
EBIT Margin	4.51%	1.87%	7.74%	6.27%	0.03%	7.55%	-31.29%	1.84%
Profit (Net Income) Margin	3.38%	0.38%	6.13%	5.94%	-0.51%	5.55%	-23.62%	0.92%
Tax Burden Percent	70.67%	300.00%	76.36%	90.04%	83.05%	77.51%	77.10%	84.02%
Interest Burden Percent	106.04%	6.72%	103.69%	105.14%	-2,360.00%	94.85%	97.90%	59.84%
Effective Tax Rate	29.33%	-200.00%	23.64%	9.96%	0.00%	22.49%	0.00%	15.98%
Return on Invested Capital (ROIC)	0.00%	0.00%	26.33%	10.64%	0.00%	9.31%	-41.69%	3.56%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	26.04%	10.27%	0.00%	14.01%	-40.86%	16.37%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-7.47%	-1.66%	0.00%	-0.63%	12.89%	-0.51%
Return on Equity (ROE)	0.00%	0.00%	18.86%	8.98%	0.00%	8.68%	-28.80%	3.06%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-189.40%	1.56%	0.00%	17.40%	-112.90%	-205.08%
Operating Return on Assets (OROA)	0.00%	0.00%	5.42%	4.41%	0.00%	5.74%	-23.43%	1.06%
Return on Assets (ROA)	0.00%	0.00%	4.29%	4.17%	0.00%	4.22%	-17.69%	0.53%
Return on Common Equity (ROCE)	0.00%	0.00%	18.86%	8.98%	0.00%	8.68%	-28.80%	3.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	3.71%	0.64%	0.00%	-3.02%	0.00%	-2.92%
Net Operating Profit after Tax (NOPAT)	1.56	2.73	3.23	2.90	-0.04	2.86	-5.57	0.56
NOPAT Margin	3.32%	6.24%	6.04%	5.81%	-0.10%	6.00%	-22.59%	1.41%
Net Nonoperating Expense Percent (NNEP)	0.18%	0.00%	0.29%	0.37%	0.00%	-4.71%	-0.83%	-12.81%
Return On Investment Capital (ROIC_SIMPLE)	1.36%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	75.16%	77.81%	76.10%	75.24%	86.16%	76.92%	113.36%	84.38%
SG&A Expenses to Revenue	20.61%	20.11%	17.10%	18.57%	13.98%	15.33%	22.26%	13.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.15%	20.11%	15.99%	18.31%	13.98%	15.33%	18.91%	13.94%
Earnings before Interest and Taxes (EBIT)	2.12	0.82	4.14	3.13	0.01	3.59	-7.71	0.73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.12	2.46	5.76	4.74	1.72	5.10	-5.84	2.47
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.23	0.00	2.87	2.83	0.00	1.42	0.85	1.04
Price to Tangible Book Value (P/TBV)	8.38	0.00	5.80	6.09	0.00	2.93	1.91	2.21
Price to Revenue (P/Rev)	0.00	0.00	1.84	1.92	0.67	0.94	0.67	0.85
Price to Earnings (P/E)	0.00	0.00	77.28	441.72	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	5.01%	0.00%	5.71%	0.00%
Earnings Yield	0.00%	0.00%	1.29%	0.23%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.37	0.00	3.62	3.27	0.00	1.47	0.86	1.04
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.66	1.78	0.00	0.86	0.70	0.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	24.42	35.53	0.00	34.83	0.00	35.95
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	56.03	273.09	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	68.25	233.38	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.44	0.00	7.85	20.29	0.00	9.55	0.00	15.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	209.50	0.00	7.62	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.11	0.19	0.14
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.09	0.17	0.12
Financial Leverage	-0.26	0.00	-0.29	-0.16	0.00	-0.05	-0.32	-0.03
Leverage Ratio	2.31	0.00	2.22	2.18	0.00	1.95	1.69	2.12
Compound Leverage Factor	2.45	0.00	2.30	2.30	0.00	1.85	1.65	1.27
Debt to Total Capital	0.04%	0.00%	0.05%	0.06%	0.00%	10.24%	16.01%	12.66%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	1.80%	1.74%	1.78%
Long-Term Debt to Total Capital	0.04%	0.00%	0.05%	0.06%	0.00%	8.44%	14.27%	10.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.96%	0.00%	99.95%	99.94%	0.00%	89.76%	83.99%	87.34%
Debt to EBITDA	0.00	0.00	0.00	0.01	0.00	3.08	-4.36	5.15
Net Debt to EBITDA	0.00	0.00	-2.72	-2.69	0.00	-3.60	-0.86	-1.10
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.01	0.00	2.54	-3.88	4.42
Debt to NOPAT	0.00	0.00	0.01	0.05	0.00	-4.45	-2.32	-5.89
Net Debt to NOPAT	0.00	0.00	-7.59	-17.67	0.00	5.20	-0.46	1.26
Long-Term Debt to NOPAT	0.00	0.00	0.01	0.05	0.00	-3.67	-2.06	-5.06
Altman Z-Score	0.00	0.00	2.71	2.58	0.00	2.23	1.86	1.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.03	0.00	1.08	1.07	0.00	1.30	1.47	1.31
Quick Ratio	0.46	0.00	0.48	0.46	0.00	0.60	0.71	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-83	0.00	-77	3.04	102	22	-73	-94
Operating Cash Flow to CapEx	0.00%	403.24%	399.68%	292.68%	32.62%	573.92%	2,971.81%	767.16%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	414.36	120.34	0.00	-283.19
Operating Cash Flow to Interest Expense	0.00	9.94	0.00	0.00	1.18	46.50	0.00	28.06
Operating Cash Flow Less CapEx to Interest Expense	0.00	7.48	0.00	0.00	-2.44	38.40	0.00	24.40
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.70	0.70	0.00	0.76	0.75	0.58
Accounts Receivable Turnover	0.00	0.00	6.01	4.81	0.00	6.28	5.46	3.42
Inventory Turnover	0.00	0.00	4.46	4.56	0.00	5.87	6.54	4.33
Fixed Asset Turnover	0.00	0.00	4.78	5.32	0.00	5.83	5.78	4.75
Accounts Payable Turnover	0.00	0.00	6.42	7.67	0.00	8.68	6.56	4.63
Days Sales Outstanding (DSO)	0.00	0.00	60.69	75.87	0.00	58.09	66.90	106.65
Days Inventory Outstanding (DIO)	0.00	0.00	81.87	80.11	0.00	62.16	55.78	84.27
Days Payable Outstanding (DPO)	0.00	0.00	56.82	47.58	0.00	42.07	55.60	78.86
Cash Conversion Cycle (CCC)	0.00	0.00	85.74	108.41	0.00	78.18	67.08	112.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	85	0.00	80	87	0.00	87	100	95
Invested Capital Turnover	0.00	0.00	4.36	1.83	0.00	1.55	1.85	2.53
Increase / (Decrease) in Invested Capital	85	0.00	80	-0.14	-102	-19	67	95
Enterprise Value (EV)	454	0.00	290	285	0.00	128	86	99
Market Capitalization	484	203	322	306	93	142	82	102
Book Value per Share	$10.51	$0.00	$10.33	$9.96	$0.00	$9.34	$9.07	$9.23
Tangible Book Value per Share	$5.31	$0.00	$5.10	$4.63	$0.00	$4.53	$4.04	$4.36
Total Capital	114	0.00	113	108	0.00	111	115	112
Total Debt	0.05	0.00	0.06	0.06	0.00	11	18	14
Total Long-Term Debt	0.05	0.00	0.06	0.06	0.00	9.38	16	12
Net Debt	-30	0.00	-32	-22	0.00	-13	3.65	-3.03
Capital Expenditures (CapEx)	0.00	1.88	3.49	2.98	0.89	1.50	0.42	1.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-25	0.00	-22	-13	0.00	4.34	15	11
Debt-free Net Working Capital (DFNWC)	4.79	0.00	10	9.00	0.00	29	30	28
Net Working Capital (NWC)	4.79	0.00	10	9.00	0.00	27	28	26
Net Nonoperating Expense (NNE)	-0.03	2.57	-0.05	-0.06	0.16	0.22	0.25	0.19
Net Nonoperating Obligations (NNO)	-30	0.00	-32	-21	0.00	-13	3.65	-3.03
Total Depreciation and Amortization (D&A)	0.00	1.65	1.62	1.61	1.71	1.51	1.87	1.73
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	-12.53%	-7.90%	0.00%	2.89%	12.26%	9.33%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	5.94%	5.64%	0.00%	19.31%	24.26%	23.70%
Net Working Capital to Revenue	0.00%	0.00%	5.94%	5.64%	0.00%	17.98%	22.63%	22.03%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.00	$0.30	$0.27	$0.00	$0.00	($0.53)	$0.03
Adjusted Weighted Average Basic Shares Outstanding	10.89M	0.00	10.89M	10.86M	0.00	0.00	10.54M	10.61M
Adjusted Diluted Earnings per Share	$0.14	$0.00	$0.30	$0.27	$0.00	$0.00	($0.53)	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	11.06M	0.00	11.02M	10.96M	0.00	0.00	10.54M	10.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.90M	0.00	10.89M	10.89M	0.00	0.00	10.60M	10.64M
Normalized Net Operating Profit after Tax (NOPAT)	1.56	0.64	3.23	2.90	-0.04	2.86	-5.57	0.56
Normalized NOPAT Margin	3.32%	1.46%	6.04%	5.81%	-0.10%	6.00%	-22.59%	1.41%
Pre Tax Income Margin	4.78%	0.13%	8.02%	6.59%	-0.62%	7.16%	-30.63%	1.10%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	1.07	0.00	0.00	0.04	19.41	0.00	2.20
NOPAT to Interest Expense	0.00	3.58	0.00	0.00	-0.15	15.44	0.00	1.69
EBIT Less CapEx to Interest Expense	0.00	-1.39	0.00	0.00	-3.59	11.31	0.00	-1.46
NOPAT Less CapEx to Interest Expense	0.00	1.12	0.00	0.00	-3.77	7.33	0.00	-1.97
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-40.16%	-38.40%
Augmented Payout Ratio	0.00%	0.00%	20.46%	111.69%	-0.44%	-1.90%	-40.62%	-39.17%

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 March. Their fiscal year 2024 ended on March 31, 2024.

How has Graham's net income changed over the last 3 years?

Graham's net income appears to be on a downward trend, with a most recent value of $4.56 million in 2024, rising from $2.37 million in 2021. The previous period was $367 thousand in 2023. Check out Graham's forecast to explore projected trends and price targets.

What is Graham's operating income?

Graham's total operating income in 2024 was $6.92 million, based on the following breakdown:

Total Gross Profit: $40.59 million
Total Operating Expenses: $33.66 million

How has Graham revenue changed over the last 3 years?

Over the last 3 years, Graham's total revenue changed from $97.49 million in 2021 to $185.53 million in 2024, a change of 90.3%.

How much debt does Graham have?

Graham's total liabilities were at $128.31 million at the end of 2024, a 19.9% increase from 2023, and a 176.8% increase since 2021.

How much cash does Graham have?

In the past 3 years, Graham's cash and equivalents has ranged from $14.74 million in 2022 to $59.53 million in 2021, and is currently $16.94 million as of their latest financial filing in 2024.

How has Graham's book value per share changed over the last 3 years?

Over the last 3 years, Graham's book value per share changed from 9.80 in 2021 to 9.83 in 2024, a change of 0.2%.

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This page (NYSE:GHM) was last updated on 5/29/2025 by MarketBeat.com Staff

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Graham (GHM) Financials

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Graham (GHM) Financials

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