(GHM) Graham - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NYSE (USA) | Market Cap: 1.051m USD | Total Return: 132.9% in 12m
Avg Turnover: 18.5M
EPS Trend: 96.0%
Qual. Beats: 1
Rev. Trend: 99.3%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Pullback Swing
Graham Corporation (GHM) is an industrial manufacturer specializing in fluid, power, and thermal management technologies. The company serves high-barrier sectors including defense, space, energy, and petrochemical processing. Its product portfolio spans critical infrastructure components such as torpedo propulsion systems, rocket turbopumps, and vacuum systems for refineries.
The business model relies heavily on custom engineering and long-term defense contracts, which provide stable revenue cycles compared to standard commodity manufacturing. As a key supplier to the U.S. Navy and aerospace industries, the company benefits from specialized technical requirements that create significant competitive moats. Graham also maintains a recurring revenue stream by providing aftermarket sales and services for its global installed base.
You can further evaluate these operational moats and historical performance trends on ValueRay. Graham Corporation operates internationally with facilities in the United States and presence across major energy hubs in Asia and the Middle East.
- Defense sector backlog growth drives long-term revenue visibility and margin stability
- Energy market recovery stimulates demand for heat transfer and vacuum systems
- Space industry expansion increases high-margin rocket propulsion and cooling system sales
- Global supply chain disruptions impact manufacturing costs and project delivery timelines
- Aftermarket spare parts sales provide recurring revenue and offset capital equipment volatility
| Net Income: 14.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -9.53 > 1.0 |
| NWC/Revenue: 3.85% < 20% (prev 2.40%; Δ 1.45% < -1%) |
| CFO/TA 0.04 > 3% & CFO 12.5m > Net Income 14.9m |
| Net Debt (-5.60m) to EBITDA (24.6m): -0.23 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (11.2m) vs 12m ago 0.90% < -2% |
| Gross Margin: 24.44% > 18% (prev 0.25%; Δ 2.42k% > 0.5%) |
| Asset Turnover: 85.27% > 50% (prev 75.54%; Δ 9.73% > 0%) |
| Interest Coverage Ratio: 127.0 > 6 (EBITDA TTM 24.6m / Interest Expense TTM 141k) |
| A: 0.03 (Total Current Assets 163.8m - Total Current Liabilities 154.7m) / Total Assets 292.9m |
| B: 0.36 (Retained Earnings 104.8m / Total Assets 292.9m) |
| C: 0.06 (EBIT TTM 17.9m / Avg Total Assets 278.6m) |
| D: 0.62 (Book Value of Equity 99.4m / Total Liabilities 161.6m) |
| Altman-Z'' = 2.45 = A |
| DSRI: 1.03 (Receivables 89.5m/72.8m, Revenue 237.6m/199.6m) |
| GMI: 1.02 (GM 24.44% / 24.82%) |
| AQI: 0.88 (AQ_t 0.23 / AQ_t-1 0.26) |
| SGI: 1.19 (Revenue 237.6m / 199.6m) |
| TATA: 0.01 (NI 14.9m - CFO 12.5m) / TA 292.9m) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 92.62 with a total of 229,017 shares traded.
Over the past week, the price has changed by -3.38%,
over one month by -2.51%,
over three months by +15.80% and
over the past year by +132.92%.
Graham has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy GHM.
- StrongBuy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 100.3 | 8.2% |
P/E Forward = 47.3934
P/S = 4.4261
P/B = 7.8102
P/EG = 2.6387
Revenue TTM = 237.6m USD
EBIT TTM = 17.9m USD
EBITDA TTM = 24.6m USD
Long Term Debt = 27.0k USD (from longTermDebtTotal, last quarter)
Short Term Debt = 1.48m USD (from shortTermDebt, last quarter)
Debt = 16.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.05m
Net Debt = -5.60m USD (calculated: Debt 16.7m - CCE 22.3m)
Enterprise Value = 1.05b USD (1.05b + Debt 16.7m - CCE 22.3m)
Interest Coverage Ratio = 127.0 (Ebit TTM 17.9m / Interest Expense TTM 141k)
EV/FCF = -171.1x (Enterprise Value 1.05b / FCF TTM -6.11m)
FCF Yield = -0.58% (FCF TTM -6.11m / Enterprise Value 1.05b)
FCF Margin = -2.57% (FCF TTM -6.11m / Revenue TTM 237.6m)
Net Margin = 6.28% (Net Income TTM 14.9m / Revenue TTM 237.6m)
Gross Margin = 24.44% ((Revenue TTM 237.6m - Cost of Revenue TTM 179.5m) / Revenue TTM)
Gross Margin QoQ = 22.99% (prev 21.67%)
Tobins Q-Ratio = 3.57 (Enterprise Value 1.05b / Total Assets 292.9m)
Interest Expense / Debt = 0.85% (Interest Expense 141k / Debt 16.7m)
Taxrate = 11.18% (358k / 3.20m)
NOPAT = 15.9m (EBIT 17.9m * (1 - 11.18%))
Current Ratio = 1.06 (Total Current Assets 163.8m / Total Current Liabilities 154.7m)
Debt / Equity = 0.13 (Debt 16.7m / totalStockholderEquity, last quarter 131.3m)
Debt / EBITDA = -0.23 (Net Debt -5.60m / EBITDA 24.6m)
Debt / FCF = 0.92 (negative FCF - burning cash) (Net Debt -5.60m / FCF TTM -6.11m)
Total Stockholder Equity = 125.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.36% (Net Income 14.9m / Total Assets 292.9m)
RoE = 11.90% (Net Income TTM 14.9m / Total Stockholder Equity 125.5m)
RoCE = 14.27% (EBIT 17.9m / Capital Employed (Equity 125.5m + L.T.Debt 27.0k))
RoIC = 13.54% (NOPAT 15.9m / Invested Capital 117.5m)
WACC = 11.50% (E(1.05b)/V(1.07b) * Re(11.67%) + D(16.7m)/V(1.07b) * Rd(0.85%) * (1-Tc(0.11)))
Discount Rate = 11.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 1.41%
[DCF] Fair Price = unknown (Cash Flow -6.11m)
EPS Correlation: 95.99 | EPS CAGR: 169.9% | SUE: 1.60 | # QB: 1
Revenue Correlation: 99.27 | Revenue CAGR: 14.59% | SUE: 1.19 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.46 | Chg30d=-1.09% | Revisions=+20% | Analysts=2
[Analyst] Revisions Ratio: +20%