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MARKETS / NYSE / GHM
NYSE · GENERAL INDUSTRIAL MACHINERY & EQUIPMENT · MID CAP

Graham Corp. GHM

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$245.3M
▲ 16.9% YoY
$12.5M
▲ 2.2% YoY
$-121,000
▼ 102.3% YoY
In brief

What this company does

Graham Corporation designs and manufactures fluid, power, heat transfer, vacuum and advanced mixing technologies for the Defense, Energy & Process and Space industries. Its corporate headquarters is co-located with its production facilities in Batavia, New York, and it has wholly-owned subsidiaries in Arvada, Colorado, Greenville, South Carolina, Jupiter, Florida and Louisville, Colorado, plus sales and engineering offices in Houston, Texas, Suzhou, China, and Ahmedabad and Pune, India. As of March 31, 2026, it had 732 employees, of which 23 were located outside of the U.S. Two customers each accounted for more than 10% of its revenue in fiscal 2026, when domestic sales represented approximately 85% of total sales and sales to the Defense industry were 60%. For the Defense industry, its equipment is used in nuclear and non-nuclear propulsion, power, fluid transfer, thermal management and advanced mixing systems. For the Energy & Process industries, it supplies equipment for vacuum, heat transfer, advanced mixing and fluid transfer applications used in oil refining, downstream chemical facilities, fertilizers, ethylene, methanol, energetics, edible oil, food and beverage, pulp and paper, medical, and alternative energy applications such as hydrogen, small modular nuclear, concentrated solar, lithium extraction and geothermal processes. For the Space industry, its equipment is used in propulsion, power, thermal management, advanced mixing and life support systems. The company was incorporated in Delaware in 1983 and is the successor to Graham Manufacturing Co., Inc., which was incorporated in New York in 1936.

Written from the business description in GRAHAM CORP's annual report to the U.S. Securities and Exchange Commission, filed 8 June 2026. Every sentence was checked against that document before publication.

Growth
USD 245.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 245.3 · Net income 12.5
100M200M200920112013201520172019202120232025
Compound annual growth
+16.0%
+20.3%
+10.5%
+8.3%
+224.2%
+39.4%
+7.4%
+5.2%
+234.2%
+36.1%
+6.3%
+4.4%
−61.7%
−46.2%
−20.6%
−9.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.3% a year over five years — but profit grew faster: net income at +39.4%, earnings per share at +36.1%.

The share count rose from 0.01B to 0.01B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.1% · Net 5.1%
5%10%15%-5%-10%-15%200920112013201520172019202120232025
ROE
FY2025 · ROE 9.6%
5%10%-5%200920112013201520172019202120232025

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -0.1
10M20M-5M-10M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2024 · Dividends — · Net buybacks 0.2
5M10MDividendsNet buybacks200920112013201520172019202120232024

Total assetsUSD 323.6M
EquityUSD 140.3M
CashUSD 6.6M
Gross debtUSD 13.0M
Net debtUSD 6.4M
Current ratio1.00×

Net debt stands at 5% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.20.20.20.20.10.10.10.10.10.10.10.10.10.10.10.10.1
Operating income $B0.00.00.00.0−0.00.00.0−0.0−0.00.00.00.00.00.00.0··
EBITDA $B0.00.00.00.0−0.00.00.00.0−0.00.00.00.00.00.00.0··
Income tax $B0.00.00.00.0−0.00.00.00.0−0.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.0−0.00.00.0−0.0−0.00.00.00.00.00.00.00.00.0
Free cash flow $B−0.00.00.00.0−0.0−0.0−0.00.00.00.00.00.00.00.0−0.0−0.00.0
EPS, diluted $1.121.110.420.03−0.830.240.19−0.03−1.010.520.611.451.001.111.060.590.64
Dividend / sh $··0.000.000.330.440.430.390.360.360.330.200.130.090.080.080.08
Payout %··00−40185227−1245−3670541413881312
ROE %9.610.94.50.4−9.02.41.9−0.3−9.14.55.413.210.212.813.68.29.2
Shares out B0.010.010.010.010.010.010.010.010.010.010.010.010.01····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGeneral Industrial Machinery & Equipment
Listed onNYSE
Incorporated inDelaware
Fiscal year endsMarch 31
Data on record since2009

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