GHM on NYSE
GRAHAM CORP
American general industrial machinery and equipment company based in Batavia.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Twin Disc, Greenland Technologies Holding Corp. or Zurn Elkay Water Solutions Corp, or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
23.5%Gross margin2
6.1%Operating margin2
5.1%Net margin2
16.9%Revenue growth, 20262
8.9%Return on equity2
0.09×Debt to equity2
-$121.0KFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Defense brought in 60% of the revenue GRAHAM CORP broke down this way in fiscal 2026.
Products and services by year
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Defense | $99.5M | $121.9M | $147.4M |
| Energy and Process | $72.8M | $73.3M | $83.3M |
| Space | $13.3M | $14.7M | $14.5M |
Regions
United States brought in 85% of the revenue GRAHAM CORP broke down this way in fiscal 2026.
Regions by year
| Regions | 2024 | 2025 | 2026 |
|---|---|---|---|
| United States | $155.9M | $169.9M | $209.6M |
| Asia | $15.1M | $16.9M | $12.6M |
| Canada | $4.2M | $7.6M | $11.2M |
| Middle East | $2.6M | $7.1M | $7.0M |
| All Other Countries | $7.0M | $7.2M | $3.6M |
| South America | $733.0K | $1.2M | $1.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue75¢$187.5M
- Research and development3¢$6.4M
- Selling, general and admin17¢$41.6M
- Interest0¢$257.0K
- Income tax1¢$2.3M
- Profit5¢$12.5M
Out of $245.3M in revenue.2
Where each dollar of operating cash went, fiscal 2026
- Capital spending100¢$16.1M
Out of $15.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net sales | $245.3M | $209.9M | $185.5M |
| Cost of products sold | $187.5M | $157.0M | $144.9M |
| Gross profit | $57.8M | $52.9M | $40.6M |
| Selling, general and administrative | $41.6M | $37.1M | $32.2M |
| Selling, general and administrative amortization | $1.8M | $1.7M | $1.4M |
| Other operating (income) expense, net | -$621.0K | -$1.2M | $80.0K |
| Operating income | $15.0M | $15.2M | $6.9M |
| Loss on extinguishment of debt | $0 | $0 | $726.0K |
| Other expense, net | $514.0K | $364.0K | $374.0K |
| Interest (income) expense, net | -$257.0K | -$583.0K | $248.0K |
| Total other expenses (income) | $257.0K | -$219.0K | $1.3M |
| Income before provision for income taxes | $14.8M | $15.4M | $5.6M |
| Provision for income taxes | $2.3M | $3.2M | $1.0M |
| Net Income | $12.5M | $12.2M | $4.6M |
| Net income | $1.14 | $1.12 | $0.42 |
| Net income | $1.12 | $1.11 | $0.42 |
| Basic | 11.0M shares | 10.9M shares | 10.7M shares |
| Diluted | 11.1M shares | 11.1M shares | 10.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $6.6M | $21.6M | ||
| Trade accounts receivable, net of allowances ($195 and $630 at March 31, 2026 and 2025, respectively) | $33.8M | $35.5M | ||
| Unbilled revenue | $59.9M | $38.5M | ||
| Inventories | $50.8M | $40.0M | ||
| Prepaid expenses and other current assets | $4.3M | $4.2M | ||
| Income taxes receivable | $1.2M | $1.5M | ||
| Total current assets | $156.5M | $141.4M | ||
| Property, plant and equipment, net | $60.3M | $50.6M | ||
| Prepaid pension asset | $6.6M | $6.0M | ||
| Operating lease assets | $6.7M | $6.4M | ||
| Goodwill | $38.1M | $25.5M | ||
| Finite-Lived Intangible Assets, Net | $38.7M | $23.6M | ||
| Other intangible assets, net | $13.5M | $6.9M | ||
| Deferred income tax asset | $131.0K | $1.5M | ||
| Other assets | $3.2M | $2.4M | ||
| Total assets | $323.6M | $264.1M | ||
| Current portion of finance lease obligations | $23.0K | $21.0K | ||
| Accounts payable | $25.7M | $27.3M | ||
| Accrued compensation | $21.5M | $19.2M | ||
| Accrued expenses and other current liabilities | $4.7M | $4.3M | ||
| Customer deposits | $102.4M | $84.1M | ||
| Operating lease liabilities | $1.8M | $1.3M | ||
| Income taxes payable | $5.0K | $0 | ||
| Total current liabilities | $156.3M | $136.2M | ||
| Long-term debt | $13.0M | $0 | ||
| Finance lease obligations | $21.0K | $44.0K | ||
| Operating lease liabilities | $5.3M | $5.5M | ||
| Deferred income tax liability | $897.0K | $24.0K | ||
| Accrued pension and postretirement benefit liabilities | $1.1M | $1.2M | ||
| Other long-term liabilities | $6.6M | $1.6M | ||
| Total liabilities | $183.3M | $144.5M | ||
| Common stock, $0.10 par value, 25,500 shares authorized; 11,247 and 11,077 shares issued and 11,073 and 10,903 shares outstanding at March 31,2026 and 2025, respectively | $1.1M | $1.1M | ||
| Capital in excess of par value | $41.7M | $34.6M | ||
| Retained earnings | $106.7M | $94.2M | ||
| Accumulated other comprehensive loss | -$5.8M | -$7.0M | ||
| Treasury stock (174 at March 31, 2026 and 2025, respectively) | -$3.4M | -$3.4M | ||
| Total stockholders equity | $140.3M | $119.6M | $105.6M | $96.9M |
| Total liabilities and stockholders equity | $323.6M | $264.1M | ||
| Allowances on trade accounts receivable | $195.0K | $630.0K | ||
| Preferred stock, par value | $1.00 | $1.00 | ||
| Preferred stock, shares authorized | 500.0K shares | 500.0K shares | ||
| Common stock, par value | $0.10 | $0.10 | ||
| Common stock, shares authorized | 25.5M shares | 25.5M shares | ||
| Common stock, shares issued | 11.2M shares | 11.1M shares | ||
| Common stock, shares outstanding | 11.1M shares | 10.9M shares | ||
| Treasury stock | 174.0K shares | 174.0K shares |
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $6.6M | $21.6M | ||
| Trade accounts receivable, net of allowances ($195 and $630 at March 31, 2026 and 2025, respectively) | $33.8M | $35.5M | ||
| Unbilled revenue | $59.9M | $38.5M | ||
| Inventories | $50.8M | $40.0M | ||
| Prepaid expenses and other current assets | $4.3M | $4.2M | ||
| Income taxes receivable | $1.2M | $1.5M | ||
| Total current assets | $156.5M | $141.4M | ||
| Property, plant and equipment, net | $60.3M | $50.6M | ||
| Prepaid pension asset | $6.6M | $6.0M | ||
| Operating lease assets | $6.7M | $6.4M | ||
| Goodwill | $38.1M | $25.5M | ||
| Finite-Lived Intangible Assets, Net | $38.7M | $23.6M | ||
| Other intangible assets, net | $13.5M | $6.9M | ||
| Deferred income tax asset | $131.0K | $1.5M | ||
| Other assets | $3.2M | $2.4M | ||
| Total assets | $323.6M | $264.1M | ||
| Current portion of finance lease obligations | $23.0K | $21.0K | ||
| Accounts payable | $25.7M | $27.3M | ||
| Accrued compensation | $21.5M | $19.2M | ||
| Accrued expenses and other current liabilities | $4.7M | $4.3M | ||
| Customer deposits | $102.4M | $84.1M | ||
| Operating lease liabilities | $1.8M | $1.3M | ||
| Income taxes payable | $5.0K | $0 | ||
| Total current liabilities | $156.3M | $136.2M | ||
| Long-term debt | $13.0M | $0 | ||
| Finance lease obligations | $21.0K | $44.0K | ||
| Operating lease liabilities | $5.3M | $5.5M | ||
| Deferred income tax liability | $897.0K | $24.0K | ||
| Accrued pension and postretirement benefit liabilities | $1.1M | $1.2M | ||
| Other long-term liabilities | $6.6M | $1.6M | ||
| Total liabilities | $183.3M | $144.5M | ||
| Common stock, $0.10 par value, 25,500 shares authorized; 11,247 and 11,077 shares issued and 11,073 and 10,903 shares outstanding at March 31,2026 and 2025, respectively | $1.1M | $1.1M | ||
| Capital in excess of par value | $41.7M | $34.6M | ||
| Retained earnings | $106.7M | $94.2M | ||
| Accumulated other comprehensive loss | -$5.8M | -$7.0M | ||
| Treasury stock (174 at March 31, 2026 and 2025, respectively) | -$3.4M | -$3.4M | ||
| Total stockholders equity | $140.3M | $119.6M | $105.6M | $96.9M |
| Total liabilities and stockholders equity | $323.6M | $264.1M | ||
| Allowances on trade accounts receivable | $195.0K | $630.0K | ||
| Preferred stock, par value | $1.00 | $1.00 | ||
| Preferred stock, shares authorized | 500.0K shares | 500.0K shares | ||
| Common stock, par value | $0.10 | $0.10 | ||
| Common stock, shares authorized | 25.5M shares | 25.5M shares | ||
| Common stock, shares issued | 11.2M shares | 11.1M shares | ||
| Common stock, shares outstanding | 11.1M shares | 10.9M shares | ||
| Treasury stock | 174.0K shares | 174.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2026-03-31 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Net income | $12.5M | $12.2M | $4.6M |
| Depreciation | $5.3M | $3.7M | $3.3M |
| Amortization | $2.5M | $2.2M | $2.2M |
| Adjustments for credit losses | -$256.0K | $829.0K | $95.0K |
| Amortization of unrecognized prior service cost and actuarial losses | $840.0K | $781.0K | $843.0K |
| Amortization of debt issuance costs | $0 | $0 | $131.0K |
| Equity-based compensation expense | $2.1M | $2.0M | $1.3M |
| Gain on disposal or sale of property, plant and equipment | -$52.0K | $0 | -$5.0K |
| Change in fair value of contingent consideration | -$568.0K | -$1.2M | $80.0K |
| Loss on extinguishment of debt | $0 | $0 | $726.0K |
| Deferred income taxes | $1.9M | $1.5M | -$472.0K |
| Accounts receivable | $5.9M | $8.0M | -$20.7M |
| Unbilled revenue | -$21.4M | -$10.6M | $11.9M |
| Inventories | -$6.8M | -$6.6M | -$6.2M |
| Income taxes receivable | $326.0K | -$2.2M | $998.0K |
| Prepaid expenses and other current and non-current assets | -$121.0K | -$2.2M | -$2.2M |
| Operating lease assets | $1.4M | $1.3M | $1.2M |
| Prepaid pension asset | -$115.0K | -$234.0K | -$287.0K |
| Accounts payable | -$794.0K | $3.5M | $401.0K |
| Accrued compensation, accrued expenses and other current and non-current liabilities | -$1.8M | $639.0K | $6.0M |
| Customer deposits | $16.4M | $12.1M | $25.6M |
| Operating lease liabilities | -$1.4M | -$1.3M | -$1.1M |
| Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits | -$63.0K | -$33.0K | -$45.0K |
| Net cash provided by operating activities | $15.9M | $24.3M | $28.1M |
| Purchase of property, plant and equipment | -$16.1M | -$19.0M | -$9.2M |
| Proceeds from disposal of property, plant and equipment | $274.0K | $0 | $44.0K |
| Acquisitions, net of cash acquired | -$27.3M | -$170.0K | -$6.8M |
| Net cash used by investing activities | -$43.1M | -$19.1M | -$16.0M |
| Borrowings of debt obligations | $33.0M | $0 | $13.0M |
| Principal repayments on debt | -$20.0M | $0 | -$25.5M |
| Repayments on finance lease obligations | -$335.0K | -$320.0K | -$316.0K |
| Payment of debt exit costs | $0 | $0 | -$752.0K |
| Payment of debt issuance costs | $0 | $0 | -$241.0K |
| Issuance of common stock | $832.0K | $653.0K | $476.0K |
| Tax withholdings related to net share settlements of restricted stock units and awards | -$1.5M | -$854.0K | -$58.0K |
| Net cash provided (used) by financing activities | $12.0M | -$521.0K | -$13.4M |
| Effect of exchange rate changes on cash | $179.0K | -$30.0K | -$53.0K |
| Net (decrease) increase in cash and cash equivalents | -$15.0M | $4.6M | -$1.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led GRAHAM CORP, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerMatthew Malone Jun 11, 2025 to now14
- Chief executive officerDaniel J. Thoren Sep 2, 2021 to Jun 11, 202515
- Chief executive officerJames R. Lines Jun 2, 2008 to Apr 26, 202216
- ChairDaniel J. Thoren Jun 11, 2025 to now17
- PresidentMatthew Malone May 20, 2025 to now18
- PresidentDaniel J. Thoren Jun 2, 2021 to Sep 4, 202419
- PresidentJames R. Lines Jul 31, 2006 to May 20, 202120
- Chief financial officerChristopher J. Thome Apr 5, 2022 to now21
- Chief financial officerJeffrey Glajch Mar 4, 2009 to Apr 26, 202222
- Chief financial officerJ. Ronald Hansen Jun 5, 2006 to Jun 4, 200823
- Chief operating officerMatthew Malone May 20, 2025 to now18
- Chief operating officerDaniel J. Thoren Jun 2, 2021 to Jun 2, 202119
- Chief operating officerJames R. Lines Jul 31, 2006 to Nov 1, 200720
Board members and other officers (25)
- VP & GM of FlacktekMatthew Lee Gross Feb 11, 2026 to now24
- VP & GM Graham ManufacturingWilliam H. Zmyndak Apr 6, 2026 to now25
- Chief Growth & Enblmnt OfficerRichard Alan Scholes Aug 11, 2026 to now26
- VP & GM of Barber-NicholsMatthew Malone Jun 2, 2021 to Jun 6, 202427
- Vice President of SalesRobert A. Platt Oct 31, 2011 to Jun 1, 201228
- CAO and ControllerJennifer R. Condame Aug 4, 2008 to Jun 10, 202229
- VP and General ManagerJames R. Lines Jun 5, 2006 to Jun 5, 200630
- VP of Asia OperationsStephen P. Northrup Jun 5, 2006 to Jun 5, 200631
- Board memberMatthew Malone May 18, 2026 to now32
- Board memberMauro Gregorio Sep 3, 2025 to now33
- Board memberCari L. Jaroslawsky Mar 24, 2022 to now34
- Board memberTroy A. Stoner Mar 24, 2022 to now35
- Board memberDaniel J. Thoren May 24, 2022 to now36
- Board memberJonathan W. Painter Aug 4, 2014 to now37
- Board memberLisa M. Schnorr Aug 4, 2014 to now38
- Board memberJames J. Barber Aug 1, 2011 to now39
- Board memberAlan Fortier Aug 4, 2008 to Jun 6, 202440
- Board memberGerard T. Mazurkiewicz Aug 24, 2007 to Jun 2, 202141
- Board memberJames R. Lines Nov 1, 2007 to Apr 26, 202242
- Board memberH. Russel Lemcke Feb 10, 2006 to Jun 9, 200843
- Board memberHelen H. Berkeley Jun 5, 2006 to Jun 2, 201444
- Board memberJames J. Malvaso Jun 5, 2006 to Jun 2, 202145
- Board memberJerald D. Bidlack Jun 5, 2006 to Feb 5, 201546
- Board memberRees Cornelius S. Van Jun 5, 2006 to May 27, 201147
- Board memberWilliam C. Denninger Jun 5, 2006 to Jun 12, 200748
Timeline
Filings
285 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 53 major events, 142 insider forms, 23 large holders, 1 private raises, 45 other. The latest 20:
- Sep 21, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 21, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Sep 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 27, 20268-K EDGAR
- Aug 14, 2026144/A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 13, 2026144 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 11, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 11, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Aug 6, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Jul 14, 2026ARS EDGAR
- Jul 14, 2026DEFA14A EDGAR
- Jul 14, 2026DEF 14A EDGAR
- Jul 6, 2026144 EDGAR
- Jun 23, 2026144 EDGAR
- Jun 18, 202611-K EDGAR
- Jun 18, 20268-K EDGAR
- Jun 17, 20268-K EDGAR
The 285 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 23 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G
- Aug 13, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 12, 2026SCHEDULE 13G/A
- Nov 12, 2025SCHEDULE 13G/A
- Apr 30, 2025SCHEDULE 13G/A
- Nov 14, 2024SC 13G/A
- Nov 8, 2024SC 13G
- Oct 30, 2024SC 13G/A
- Oct 22, 2024SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Apr 16, 2026Raised $50 million in a private offering of equity Form D: 14 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARGRAHAM CORP filings on SEC EDGAR
- 2SEC EDGARGRAHAM CORP 10-K for fiscal 2026
- 3SEC EDGARGRAHAM CORP filings on SEC EDGAR
- 4SEC EDGARGRAHAM CORP 10-K for fiscal 2019
- 5SEC EDGARGRAHAM CORP 10-K for fiscal 2020
- 6SEC EDGARGRAHAM CORP 10-K for fiscal 2021
- 7SEC EDGARGRAHAM CORP 10-K for fiscal 2022
- 8SEC EDGARGRAHAM CORP 10-K for fiscal 2023
- 9SEC EDGARGRAHAM CORP 10-Q for fiscal 2025
- 10SEC EDGARGRAHAM CORP 10-Q for fiscal 2025
- 11SEC EDGARGRAHAM CORP 10-Q for fiscal 2026
- 12SEC EDGARGRAHAM CORP 10-K for fiscal 2019
- 13SEC EDGARGRAHAM CORP 10-K for fiscal 2019
- 14
- 15
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- 17SEC EDGARDaniel J. Thoren, Chair
- 18SEC EDGARMatthew Malone, President
- 19SEC EDGARDaniel J. Thoren, President
- 20SEC EDGARJames R. Lines, President
- 21
- 22
- 23
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32SEC EDGARMatthew Malone, Board member
- 33SEC EDGARMauro Gregorio, Board member
- 34SEC EDGARCari L. Jaroslawsky, Board member
- 35SEC EDGARTroy A. Stoner, Board member
- 36SEC EDGARDaniel J. Thoren, Board member
- 37SEC EDGARJonathan W. Painter, Board member
- 38SEC EDGARLisa M. Schnorr, Board member
- 39SEC EDGARJames J. Barber, Board member
- 40SEC EDGARAlan Fortier, Board member
- 41SEC EDGARGerard T. Mazurkiewicz, Board member
- 42SEC EDGARJames R. Lines, Board member
- 43SEC EDGARH. Russel Lemcke, Board member
- 44SEC EDGARHelen H. Berkeley, Board member
- 45SEC EDGARJames J. Malvaso, Board member
- 46SEC EDGARJerald D. Bidlack, Board member
- 47SEC EDGARRees Cornelius S. Van, Board member
- 48SEC EDGARWilliam C. Denninger, Board member
- 49