Graham
Builds engineered fluid, heat-transfer, vacuum, power, and mixing systems for defense-led markets.
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Profile
Designs custom equipment for Defense, Energy & Process, and Space customers, including fluid, power, heat-transfer, vacuum, turbomachinery, and advanced-mixing systems. Sales and backlog are U.S.-weighted and defense-centered, with one reporting segment across the platform.
Designs and manufactures mission-critical fluid, power, heat-transfer, vacuum, turbomachinery, and advanced-mixing technologies for Defense, Energy & Process, and Space customers. Products range from ejectors, condensers, pumps, turbines, compressors, and blowers to rocket-propulsion hardware, life-support equipment, and bladeless centrifugal mixers.
Current platform combines Graham Manufacturing's vacuum and heat-transfer roots with Barber-Nichols turbomachinery, P3 and Xdot high-speed rotating-machine capabilities, and FlackTek material-processing systems. Work is custom-engineered, low-volume, and supported by direct sales engineers, technical service, spare parts, and shared operating-company services.
Business is concentrated in the United States and increasingly shaped by defense programs, including U.S. Navy-related demand. Customer concentration, program timing, acquisition integration, and cyclical energy/process demand are structural dependencies.
Company facts
Key statistics
Year to date +29.9% · Average volume (30d) 196.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jun 25, 2026 | Oppenheimer | Reiterate | Outperform | $110 | $130 |
| Jun 23, 2026 | Northland Securities | Target | $111 | $135 | |
| Jun 9, 2026 | Northland Securities | Target | $80 | $111 | |
| Jun 9, 2026 | Oppenheimer | Reiterate | Outperform | $110 | |
| Jan 27, 2026 | Northland Securities | Target | $55 | $80 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q1 FY27 | $0.27 | $0.34 | +25.9% | $65.6M | $71.3M | +8.7% | +0.47% |
| Jun 8, 2026Q4 FY26 | $0.30 | $0.33 | +10.0% | $60.0M | $67.1M | +11.9% | +5.18% |
| Feb 6, 2026Q3 FY26 | $0.17 | $0.31 | +82.4% | $52.4M | $56.7M | +8.3% | +2.19% |
| Nov 7, 2025Q2 FY26 | $0.28 | $0.31 | +10.7% | $57.6M | $66.0M | +14.7% | −0.58% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $59.3M | $55.5M | $66.0M | $56.7M | $67.1M | $71.3M | |
| Gross profit | $16.0M | $14.7M | $14.3M | $13.0M | $15.7M | $17.8M | |
| Operating income | $5.5M | $5.0M | $4.3M | $3.4M | $1.7M | $4.2M | |
| Net income | $4.4M | $4.6M | $3.1M | $2.8M | $2.0M | $3.9M | |
| Diluted EPS | $0.40 | $0.42 | $0.28 | $0.25 | $0.17 | $0.33 | |
| Gross margin | 27.0% | 26.5% | 21.7% | 23.0% | 23.4% | 25.0% | |
| Operating margin | 9.3% | 8.9% | 6.5% | 6.1% | 2.6% | 5.8% |
Fiscal years (4-quarter sums)FY22 $157.1M · FY23 $179.5M · FY24 $185.5M · FY25 $209.9M · FY26 $245.3M
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 30, 2026Cash & short-term investments $27.0M · Total debt $6.8M · Total assets $364.0M · Shareholders' equity $192.2M
Dividends
Raised for 19 straight years.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 8, 2021 | Nov 9 | Nov 23 | $0.11 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 11.69M · Float 11.10M · 94.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Brandes Investment Partners, LP | 1.08M | 9.24% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 890.5K | 7.62% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 607.3K | 5.20% | 13G | Aug 14, 2026 |
| Vanguard Capital Management LLC | 485.6K | 4.15% | 13F | Aug 13, 2026 |
| Royce & Associates LP | 446.4K | 3.82% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 12, 2025 | Mauro Gregorio | director | +1,200 | $49.01 |
Peers
- Curtiss-Wright
Naval, defense, and power hardware overlap across engineered systems
- RTX
Collins Aerospace overlaps in aerospace, defense, and space systems
- Honeywell Aerospace
Aerospace and defense systems overlap after the Honeywell spin-off
- AMETEK
Aerospace, defense, thermal, pump, and motion-control overlap
- L3Harris Technologies
Defense and space systems overlap around mission-critical programs
- Kratos Defense & Security Solutions
Defense propulsion, power, thermal, and hypersonics overlap
- SPX Technologies
Heat-transfer and engineered thermal products overlap
- Xylem
Pumps and process-fluid equipment overlap in energy and process markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Graham | $86.08 | −0.17% | $1.01B | 83.6 | 48.7 | 3.9 | +28.6% |
| Curtiss-Wright | $596.37 | −0.07% | $22.03B | 41.0 | 36.9 | 6.0 | +5.4% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Honeywell Aerospace | $162.40 | −0.01% | $51.46B | 68.6 | 18.9 | 5.8 | — |
| AMETEK | $236.99 | +0.31% | $54.15B | 34.5 | 27.1 | 6.9 | +15.0% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| SPX Technologies | $198.73 | +0.01% | $9.95B | 35.7 | 21.6 | 4.0 | +22.9% |
| Xylem | $112.64 | +1.19% | $25.99B | 26.5 | 18.9 | 2.8 | +1.5% |
| Median | 36.5 | 24.3 | 4.9 | +14.5% |