Filing Flows

Filing Flows › Industrials › Graham (GHM)

Graham (GHM) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Nov 5, 2026 · Graham (GHM) Q2 FY27 earnings results →

Q2 FY27 Revenue up 6% year over year to $69.8M · 7¢ of every $1 of revenue kept as net profit · operating margin 8.4%

Graham made $69.8M in Q2 FY27 (+6% Y/Y): Defense $45.8M, Energy and Process $17.6M, Space $6.4M. Operating margin 8.4%, net earnings $4.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$69.8M
Year over year+6%
Operating margin8.4%
Net earnings$4.6M
Operating cash flow$46.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $69.8M in Q2 FY27, up 6% year over year and down 2% from the previous quarter. Defense was the largest line at 66% of revenue. Defense added $5.1M year over year (up 12%), 136% of the total change. Energy and Process declined 17%.

Gross margin was 28.2%, up 6.5 points from Q2 FY26. Operating profit was $5.8M, a 8.4% margin (up 1.9 points year over year). Of the extra revenue versus Q2 FY26, 42% reached operating profit, above the 6% margin then. Operating expenses grew 38% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+183%). Net earnings were $4.6M, up 50% year over year. The effective tax rate was 22.3%.

Operating cash flow was $46.7M (up 244% year over year), 1008% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $782K of share-based compensation. Working capital and other items added $38.6M. Capital expenditures of $2.2M left free cash flow of $44.5M.

Quarterly history

Graham revenue by quarterGraham revenue by quarter$59.3MQ4 FY25$55.5MQ1 FY26$66.0MQ2 FY26$56.7MQ3 FY26$67.1MQ4 FY26$71.3MQ1 FY27$69.8MQ2 FY27
Graham net earnings by quarterGraham net earnings by quarter$4.4MQ4 FY25$4.6MQ1 FY26$3.1MQ2 FY26$2.8MQ3 FY26$2.0MQ4 FY26$3.9MQ1 FY27$4.6MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QNov 5, 2026$69.8M+6%8.4%$4.6M$46.7M
Q1 FY2710-QAug 6, 2026$71.3M+29%5.8%$3.9M−$12.7M
Q4 FY2610-KJun 8, 2026$67.1M+13%4.0%$2.0M−$151K
Q3 FY2610-QFeb 6, 2026$56.7M+20%5.5%$2.8M$4.8M
Q2 FY2610-QNov 7, 2025$66.0M+23%6.5%$3.1M$13.6M
Q1 FY2610-QAug 5, 2025$55.5M+11%8.9%$4.6M−$2.3M
Q4 FY2510-KJun 9, 2025$59.3M+21%9.3%$4.4M−$3.6M

Charts

Graham: revenue growth, year over year and quarter over quarterGraham: revenue growth, year over year and quarter over quarterY/YQ/Q+21%Q4 FY25+11%-7%Q1 FY26+23%+19%Q2 FY26+20%-14%Q3 FY26+13%+18%Q4 FY26+29%+6%Q1 FY27+6%-2%Q2 FY27
Latest (Q2 FY27): Y/Y +6%, Q/Q -2%.
Graham: where the cash came from (+) and went (−), TTM to Q2 FY27Graham: where the cash came from (+) and went (−), TTM to Q2 FY27Shares issued$50.9MCash drawn (+) / kept (−)−$50.8MOperating cash flow$38.7MAcquisitions−$26.2MCapital spending−$9.8MTaxes on employees’ shares−$2.7MOther financing−$483KOther investing$274KExchange rates$215K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Graham: profit against cash, quarter by quarterGraham: profit against cash, quarter by quarterNet incomeOperating cash flow$1.6M$5.2MQ3 FY25$4.4M−$3.6MQ4 FY25$4.6M−$2.3MQ1 FY26$3.1M$13.6MQ2 FY26$2.8M$4.8MQ3 FY26$2.0M−$151KQ4 FY26$3.9M−$12.7MQ1 FY27$4.6M$46.7MQ2 FY27
Latest (Q2 FY27): Net income $4.6M, Operating cash flow $46.7M.
Graham: diluted shares by fiscal yearGraham: diluted shares by fiscal year10MFY2111MFY2211MFY2311MFY2411MFY2511MFY26
+11.8% since FY21: more shares outstanding (issuance, stock pay).
Graham in its industry: growth against margin (8 companies, SIC 3560)Graham in its industry: growth against margin (8 companies, SIC 3560)revenue growth, year over year →↑ operating marginmedian +9%median 20%ITWIRZBRAGTESZWSTWINGTECGHM (+6%, 8%)
General Industrial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Graham

Graham Corporation ("we," "us," "our" or the "Company") is a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries. For the Defense industry, our equipment is used in nuclear and non-nuclear propulsion, power, fluid transfer, thermal management, and advanced mixing systems. For the Energy & Process industries we supply 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 & beverage, pulp & paper, medical, and multiple alternative energy applications such as hydrogen, small modular nuclear, concentrated solar, lithium extraction, and geothermal processes.

In its own words, from its 10-K, filed Jun 8, 2026.

Graham against its General Industrial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +9%. Operating margin: 8.4% against the peers' median 20.0%.

CompanyQuarterRevenueY/YOp. margin
GHM GrahamQ2 FY27$69.8M+6%8.4%
ITW Illinois Tool WorksQ3 2026$4.2B+4%27.8%
IR Ingersoll RandQ3 2026$2.1B+6%37.9%
ZBRA Zebra TechnologiesQ3 2026$1.6B+22%14.7%
GTES Gates IndustrialQ3 2026$904M+6%14.5%
ZWS Zurn Elkay Water SolutionsQ3 2026$495M+9%21.9%
TWIN Twin DiscQ1 FY27$88.7M+11%5.2%
GTEC Greenland Technologies HoldingQ2 2026$29.9M+38%20.0%

Source: Graham 10-Q on SEC EDGAR · CIK 716314 · General Industrial Machinery & Equipment

Guidance and outlook

Graham: what its forward-looking statements are about (10-Q filed 2026-11-05)Graham: what its forward-looking statements are about (10-Q filed 2026-11-05)Demand14Other8Legal & regulation4Capital spending4Costs3Margins2Tax2AI1Buybacks & dividends1Financing1
40 statements; tone +0.23 (−1 all cautious, +1 all confident); 5 hedged.
Graham: outlook statements against the filing beforeGraham: outlook statements against the filing beforeConfident15Cautious6

13F: who owns GHM and who is buying

Largest holders of GHM (13F)Largest holders of GHM (13F)Brandes Investment Partners, LP$134MBlackRock$110MT. Rowe Price Investment Manageme…$75.2MVanguard Capital Management LLC$60.1MRoyce & Associates LP$55.3MFirst Eagle Investment Management…$48.1MWilliam Blair Investment Manageme…$45.2MVanguard Group$40.9MGeode Capital Management, LLC$37.6MDriehaus Capital Management LLC$36.3M
Funds' net buying of GHM by quarter (13F)Funds' net buying of GHM by quarter (13F)$6.1M2024-09−$6.7M2024-12$2.7M2025-03$7.3M2025-06$12.1M2025-09$2.5M2025-12−$6.6M2026-03$184M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GHM

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

Compare GHM with

中文版：Graham（GHM）财报

Español · Français