|GHM Overview
GHM

GRAHAM CORP

Industrials • CIK: 0000716314

Loading...

Market Cap
$703.28M
P/E (TTM)
47.2x
Rev Growth (TTM)
+19.0%
Net Margin (TTM)
6.3%
FCF Yield (TTM)
-0.9%
FCF Margin (TTM)
-2.6%

LATEST EARNINGS

Q3 FY2026
27 days ago
View source
Revenue
$56.70M
+21.0%
Net Income
$2.85M
+79.1%
EPS
$0.25
+78.6%
Gross
23.8% -1.0%
Operating
5.5% +0.8%
Net
5.0% +1.6%
  • Revenue increased 21% to $56.7 million, driven by strong performance in the Defense market and growth in Energy & Process.
  • Net income per diluted share increased 79% to $0.25, and adjusted net income per diluted share increased 72% to $0.31.
  • Adjusted EBITDA increased 50% to $6.0 million, with Adjusted EBITDA margin expanding 210 basis points to 10.7%.
  • Orders were $71.7 million, resulting in a book-to-bill ratio of 1.3x and a record backlog of $515.6 million, providing strong future visibility.

Cash Flow Health

Free Cash Flow5/8 positive
TTM$-6M
Q3 '26
$2M-74%
Q2 '26
$9M+202%
FCF Margin
TTM-2.6%
Q3 '264.3%-70%
Sector: 5.4%Below Avg
OCF Margin5.3%
OCF/NI0.84x
CapEx Coverage0.7x
FCF Yield-0.9%
FCF Growth (2Y)
Cash Conversion Cycle
90 days
DSO: 56+DIO: 83DPO: 49

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%
+
Buyback (FY)0.3%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$-6.1M
Stock Repurchases (FY)$854000
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
14.3%
Stable
+0.4% YoY+3.7%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
6.2%
8Q: 5.4%
Asset Turnover
0.88x
8Q: 0.86x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 5.5%14.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
4.50x
8Q:4.91x
-244.1%
Invested Cap Turn
2.29x
8Q:2.28x
-7.9%
CapEx Intensity
18.0%
8Q:17.3%
CapEx/Depreciation
2.77x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2026Q2 2026Q 2026Q4 2025Q3 2025Q2 2025Q 2025Q4 2024
Revenue
$237.6M
$56.7M14.1%
$66.0M19.0%
$55.5M6.5%
$59.3M26.2%
$47.0M12.2%
$53.6M7.2%
$50.0M1.8%
$49.1M
Operating Income
$17.9M
$3.1M26.9%
$4.3M14.0%
$5.0M10.1%
$5.5M149.7%
$2.2M47.8%
$4.2M31.4%
$3.2M111.5%
$1.5M
Net Income
$14.9M
$2.8M7.9%
$3.1M32.8%
$4.6M4.6%
$4.4M176.8%
$1.6M51.6%
$3.3M10.6%
$3.0M121.3%
$1.3M
Operating Cash Flow
$12.5M
$4.8M65.0%
$13.6M701.3%
$-2.3M36.5%
$-3.6M168.1%
$5.2M62.5%
$13.9M59.9%
$8.7M0.9%
$8.6M
Free Cash Flow
$-6.1M
$2.4M74.3%
$9.4M201.9%
$-9.3M6.3%
$-8.7M312.6%
$-2.1M120.2%
$10.4M82.1%
$5.7M24.6%
$4.6M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
47.2x
Valuation Lenses
Earnings
47.2x
vs sector
Cash Flow
-80.9x
EV/FCF vs
Growth-Adj
0.8xPEG
Undervalued for growth
Quality-Adj
3.3P/E per %ROIC
ROIC: 14.3%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$703.28M
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
76/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
12.1%
8Q:
Return on Invested Capital (ROIC)Top 25%
14.3%
8Q:
+3.7%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 6.2%
Asset Turnover: 0.88x

Earnings Quality

Cash Conversion

0.84x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin24.6%

Capital Efficiency

Invested Capital Turnover2.29x

Working Capital

Cash Conversion Cycle90 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
69/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
19.0%
OpInc Growth YoY
41.4%
EPS Growth YoY
62.7%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
24.6%
Operating
7.5%
Below Avg in sector
Net
6.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-8.9 pts
FCF: -2.6% | Net: 6.3%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $22.25M
Interest Coverage
+Net cash position: $22.25M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis