Graham (GHM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Graham

NYSE•Industrials•Specialty Industrial Machinery

$87.90+2.41(0.03%)Market closed

Market Cap

$969.74M

P/E

82.1x

P/S

3.7x

P/B

5.0x

Graham Corporation designs and manufactures fluid, power, heat transfer, and vacuum technologies for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, and energy industries. The company offers power plant systems, including ejectors and surface condensers, as well as torpedo ejection, propulsion, and power systems comprising turbines, alternators, regulators, pumps, and blowers for the defense industry. It also provides heat transfer and vacuum systems that include ejectors, process and surface condensers, liquid ring pumps, and heat exchangers, as well as nozzles and power generation systems, such as turbines, generators, compressors, and pumps for the energy and process industry. In addition, the company offers rocket propulsion systems, including turbopumps, fuel, cryogenic, and nuclear propellant pumps; cooling systems comprising pumps, compressors, fans, and blowers; and life support systems that consist of fans, pumps, and blowers for the space industry. Further, it provides thermal management systems, such as pumps, blowers, and electronics for the defense and energy sector; advanced mixing systems, including bladeless centrifugal mixers, accessories, services, and consumables; and spare parts for its equipment. It serves customers in the United States, Asia, Canada, the Middle East, South America, and internationally. Graham Corporation was founded in 1936 and is headquartered in Batavia, New York.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Growth (16/25); weakest: Cash & Earnings Quality (5/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality5/25

Strengths

Growing revenueInterest easily coveredConsistent growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 82.1x5y range 25.7x – 374.4x

Currently above its 14-quarter median.

P/S · 3.7x5y range 0.5x – 3.7x

Currently above its 20-quarter median.

P/B · 5.0x5y range 0.7x – 5.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 29.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $969.74M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $261.15M
Q. Revenue: $71.34M
TTM EBITDA: $23.25M
TTM Op. Income: $14.21M
Q. Op. Income: $4.15M
TTM Net Income: $11.82M
Q. Net Income: $3.91M
EPS: $0.34
Shares Out.: $11.60M

$261.15M in TTM revenue grew 21.2% YoY, reaching $71.34M last quarter. TTM EBITDA of $23.25M and TTM operating income of $14.21M show growth is flowing through to the bottom line. TTM net income of $11.82M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 25.0%
EBITDA Margin: 9.6%
Op. Margin: 5.8%
Net Margin: 5.5%

Op. margin of 5.8% is down 3.1% YoY — costs are rising relative to revenue. Net margin at 5.5% and gross margin of 25.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 35% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 82.1x
P/S Ratio: 3.7x
P/B Ratio: 5.0x

At 82.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.7x and P/B of 5.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $363.96M
Cash: $26.95M
Long-Term Debt: N/A
Book Value: $192.20M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-12.65M
TTM Free Cash Flow: $-6.12M
FCF Margin: -2.3%
FCF / Net Income: -0.5

TTM FCF of $-6.12M on $-12.65M in operating cash flow. The FCF / Net Income ratio of -0.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 37% — a weakening trend.