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Zurn Elkay Water Solutions vs Graham: ZWS and GHM compared
Zurn Elkay Water Solutions is the larger company: $495M of revenue in its latest quarter (Q3 2026) against $69.8M for Graham (Q2 FY27). Zurn Elkay Water Solutions is growing faster (+9% against +6% a year earlier). Zurn Elkay Water Solutions is more profitable, with an operating margin of 21.9% against 8.4%.
Where the money goes: ZWS and GHM
Zurn Elkay Water Solutions (ZWS) · Q3 2026
Zurn Elkay Water Solutions, Q3 2026: revenue $495M (+9% year over year), operating margin 21.9%, net earnings $76.3M, operating cash flow $112M. The chart follows the revenue to costs, profit and cash.
Graham (GHM) · Q2 FY27
Graham, Q2 FY27: revenue $69.8M (+6% year over year), operating margin 8.4%, net earnings $4.6M, operating cash flow $46.7M. The chart follows the revenue to costs, profit and cash.
| Zurn Elkay Water Solutions (ZWS) | Graham (GHM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $495M | $69.8M |
| Revenue growth, Y/Y | +9% | +6% |
| Gross margin | 49.6% | 28.2% |
| Operating margin | 21.9% | 8.4% |
| Net earnings | $76.3M | $4.6M |
| Net margin | 15.4% | 6.6% |
| Operating cash flow | $112M | $46.7M |
| Free cash flow | $110M | $44.5M |
| Market value | $7.3B | — |
| P/E | 25.4× | — |
| Analysts’ mean target | $52.89 | — |
Where the revenue comes from
Graham
- Defense: $45.8M (66%)
- Energy and Process: $17.6M (25%)
- Space: $6.4M (9%)
Questions
Which is bigger, Zurn Elkay Water Solutions or Graham?
Zurn Elkay Water Solutions is the larger company: $495M of revenue in its latest quarter (Q3 2026) against $69.8M for Graham (Q2 FY27).
Is Zurn Elkay Water Solutions or Graham growing faster?
Zurn Elkay Water Solutions is growing faster (+9% against +6% a year earlier).
Which is more profitable, Zurn Elkay Water Solutions or Graham?
Zurn Elkay Water Solutions is more profitable, with an operating margin of 21.9% against 8.4%.
More: Zurn Elkay Water Solutions earnings · how Zurn Elkay Water Solutions makes money · Graham earnings · how Graham makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.