Graham Corporation (GHM) Income Statement
GHM FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsGHM revenue and net income
Where GHM's revenue goes
FY2026Each bar shows an amount and its share of revenue. GHM kept 5.1% of revenue as net income.
GHM profit margins
GHM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.9% | +16.0% | +20.3% | +10.5% |
| Gross profit | +9.2% | +31.5% | +23.1% | +10.1% |
| Operating income | −5.2% | +125.8% | +36.9% | +8.2% |
| Net income | +2.2% | +224.2% | +39.4% | +7.4% |
| EPS (diluted) | +12.0% | +159.6% | +42.3% | +8.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GHM quarterly EPS vs estimates
Graham beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 6, 2026 (estimate $0.43).
GHM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.3M | $209.9M | $185.5M | $157.1M | $122.8M | $97.5M | $90.6M | $90.6M | $91.8M | $91.8M |
| Cost of revenue | $187.5M | $157.0M | $144.9M | $131.7M | $113.7M | $77.0M | $72.5M | $69.9M | $60.2M | $69.6M |
| Gross profit | $57.8M | $52.9M | $40.6M | $25.4M | $9.1M | $20.5M | $18.1M | $18.1M | $21.9M | $17.0M |
| Research & development | — | $4.0M | $3.9M | $4.1M | $3.8M | $3.4M | $3.4M | $3.4M | $3.5M | $3.2M |
| Sales, general & admin | $41.6M | $37.1M | $32.2M | $23.1M | $20.4M | $17.5M | $16.9M | $17.6M | $15.4M | $14.6M |
| Total operating expenses | $43.4M | $37.7M | $33.7M | $24.2M | $20.5M | $17.5M | $17.5M | $17.5M | $21.2M | $14.9M |
| Operating income | $14.4M | $15.2M | $6.9M | $1.2M | −$11.3M | $3.0M | $652,000 | $652,000 | $4.0M | $1.2M |
| Interest income | — | $583,000 | $248,000 | $58,000 | $50,000 | $167,000 | $1.3M | $1.5M | $606,000 | $386,000 |
| Interest expense | — | $583,000 | $248,000 | $1.1M | $450,000 | $11,000 | $12,000 | $12,000 | $12,000 | $10,000 |
| Income before taxes | $14.1M | $15.4M | $5.6M | $561,000 | −$11.2M | $3.3M | $2.3M | $2.3M | −$145,000 | −$12.9M |
| Income taxes | $1.6M | $3.2M | $1.0M | $194,000 | −$2.4M | $893,000 | $440,000 | $440,000 | $163,000 | $3.0M |
| Net income | $12.5M | $12.2M | $4.6M | $367,000 | −$8.8M | $2.4M | $1.9M | −$308,000 | −$9.8M | $5.0M |
| EBITDA | $22.6M | $20.8M | $11.3M | $7.6M | −$5.2M | $5.2M | $4.3M | $2.1M | −$10.6M | $9.4M |
| EPS (diluted) | $1.40 | $1.25 | $0.46 | $0.08 | −$0.74 | $0.24 | $0.28 | $0.52 | −$1.15 | $0.56 |
| Gross margin | 23.5% | 25.2% | 21.9% | 16.2% | 7.4% | 21.0% | 20.0% | 20.0% | 23.9% | 18.5% |
| Operating margin | 5.9% | 7.2% | 3.7% | 0.8% | −9.2% | 3.1% | 0.7% | 0.7% | 4.4% | 1.3% |
| Net margin | 5.1% | 5.8% | 2.5% | 0.2% | −7.1% | 2.4% | 2.1% | −0.3% | −10.7% | 5.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.3M | $67.1M | $56.7M | $66.0M | $55.5M | $59.3M | $47.0M | $53.6M | $50.0M | $49.1M | $43.8M | $45.1M |
| Cost of revenue | $53.5M | $51.4M | $43.7M | $51.7M | $40.8M | $43.3M | $35.4M | $40.8M | $37.6M | $36.4M | $34.1M | $37.9M |
| Gross profit | $17.8M | $15.7M | $13.0M | $14.3M | $14.7M | $16.0M | $11.7M | $12.8M | $12.4M | $12.7M | $9.7M | $7.2M |
| Research & development | — | — | — | — | — | — | — | — | — | $3.9M | — | — |
| Sales, general & admin | $12.6M | $12.2M | $10.1M | $9.8M | $9.4M | $10.3M | $9.3M | $8.7M | $8.8M | $10.7M | $8.4M | $6.1M |
| Total operating expenses | $13.6M | $14.0M | $9.6M | $10.0M | $9.8M | $10.5M | $9.5M | $8.6M | $9.1M | $11.2M | $8.8M | $6.4M |
| Operating income | $4.2M | $1.7M | $3.4M | $4.3M | $5.0M | $5.5M | $2.2M | $4.2M | $3.2M | $1.5M | $911,000 | $803,000 |
| Interest income | $120,000 | — | $169,000 | $68,000 | $177,000 | $141,000 | $128,000 | $153,000 | $161,000 | — | — | $55,000 |
| Interest expense | — | — | — | — | — | $141,000 | $442,000 | $153,000 | $161,000 | $29,000 | $37,000 | $55,000 |
| Income before taxes | $4.2M | $1.7M | $3.2M | $4.2M | $5.0M | $5.6M | $2.2M | $4.3M | $3.3M | $1.5M | $55,000 | $654,000 |
| Income taxes | $271,000 | −$313,000 | $358,000 | $1.1M | $418,000 | $1.2M | $659,000 | $1.0M | $328,000 | $119,000 | −$110,000 | $243,000 |
| Net income | $3.9M | $2.0M | $2.8M | $3.1M | $4.6M | $4.4M | $1.6M | $3.3M | $3.0M | $1.3M | $165,000 | $411,000 |
| EBITDA | $6.9M | $5.0M | $5.2M | $5.9M | $6.5M | $7.1M | $3.8M | $5.7M | $4.7M | $3.0M | $1.5M | $1.9M |
| EPS (diluted) | $0.49 | $0.33 | $0.31 | $0.31 | $0.45 | $0.43 | $0.18 | $0.31 | $0.33 | $0.15 | $0.02 | $0.04 |
| Gross margin | 25.0% | 23.4% | 23.0% | 21.7% | 26.5% | 27.0% | 24.8% | 23.9% | 24.8% | 25.9% | 22.2% | 16.0% |
| Operating margin | 5.8% | 2.6% | 6.1% | 6.5% | 8.9% | 9.3% | 4.7% | 7.9% | 6.5% | 3.1% | 2.1% | 1.8% |
| Net margin | 5.5% | 2.9% | 5.0% | 4.7% | 8.3% | 7.4% | 3.4% | 6.1% | 5.9% | 2.7% | 0.4% | 0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GHM's financial statements (latest annual report filed June 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GHM financial results
In fiscal year 2026 (ended March 31, 2026), Graham reported revenue of $245.3 million, up 16.9% from the year before. It had net income of $12.5 million (up 2.2%), a net profit margin of 5.1%. Diluted earnings per share came to $1.40. Over five years revenue grew at an average rate of 20.3% a year.
See the GHM stock overview for the latest quote and news, or the GHM chart for price history and technical indicators.
GHM income statement FAQ
What is Graham's annual revenue?
Graham reported total revenue of $245.3 million for fiscal year 2026, which ended on March 31, 2026. That was up 16.9% from $209.9 million the previous year.
Is Graham profitable?
Yes. Graham reported net income of $12.5 million in fiscal 2026, a net profit margin of 5.1%; its operating margin was 5.9%.
What is Graham's gross margin?
Graham's gross margin was 23.5% in fiscal 2026: for every $100 of revenue, Graham kept $24 after the direct cost of its products and services.
How fast is Graham growing?
Revenue grew 20.3% a year on average over the last five fiscal years, from $97.5 million to $245.3 million.
What are Graham's earnings per share?
Graham earned $1.40 per diluted share in fiscal 2026, compared with $1.25 a year earlier.
When will Graham report its next earnings?
Graham is expected to report results for the quarter ending September 30, 2026 on November 6, 2026 before the market opens.
When does Graham's fiscal year end?
Graham's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 8, 2026.