Graham (GHC) Financials

$915.29 -2.45 (-0.27%)

Closing price 03:59 PM Eastern

Extended Trading

$913.59 -1.70 (-0.19%)

As of 04:22 PM Eastern

Annual Income Statements for Graham

This table shows Graham's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-101	169	302	271	328	300	352	67	205	725
Consolidated Net Income / (Loss)	-99	169	302	271	328	300	353	70	212	733
Net Income / (Loss) Continuing Operations	-141	169	302	271	328	300	353	70	212	733
Total Pre-Tax Income	-121	251	183	324	426	407	450	122	299	1,025
Total Operating Income	-81	223	136	246	145	100	77	84	69	216
Total Gross Profit	2,586	2,482	2,592	1,109	984	977	1,071	1,267	1,312	1,466
Total Revenue	2,586	2,482	2,592	2,696	2,932	2,889	3,186	3,924	4,415	4,791
Operating Revenue	2,226	2,482	2,592	2,696	2,932	2,889	3,186	3,924	4,415	4,791
Total Cost of Revenue	0.00	0.00	0.00	1,587	1,948	1,912	2,115	2,658	3,103	3,325
Operating Cost of Revenue	-	-	-	1,587	1,948	1,912	2,115	2,658	3,103	3,325
Total Operating Expenses	2,667	2,259	2,455	863	839	877	994	1,183	1,243	1,251
Selling, General & Admin Expense	1,104	896	888	751	718	715	832	922	1,007	1,077
Depreciation Expense	78	65	63	57	59	74	71	73	86	87
Amortization Expense	19	27	41	47	53	57	58	59	50	37
Impairment Charge	260	1.60	9.61	8.11	9.15	30	33	129	99	50
Total Other Income / (Expense), net	-40	28	46	77	282	307	372	38	230	809
Interest Expense	33	35	34	49	30	38	34	54	63	186
Interest & Investment Income	1.21	-4.84	3.33	20	18	11	21	0.39	1.94	6.57
Other Income / (Expense), net	-8.62	68	77	107	294	335	385	92	291	989
Income Tax Expense	21	81	-120	52	99	107	96	51	87	292
Net Income / (Loss) Attributable to Noncontrolling Interest	1.44	0.87	0.45	0.20	0.02	-0.40	1.25	3.36	6.42	7.98
Basic Earnings per Share	($17.87)	$29.95	$54.24	$50.55	$61.70	$58.30	$70.65	$13.83	$43.96	$164.62
Weighted Average Basic Shares Outstanding	5.73M	5.56M	5.52M	5.33M	5.29M	5.12M	4.95M	4.82M	4.64M	4.37M
Diluted Earnings per Share	($17.87)	$29.80	$53.89	$50.20	$61.21	$58.13	$70.45	$13.79	$43.82	$163.40
Weighted Average Diluted Shares Outstanding	5.73M	5.59M	5.55M	5.37M	5.33M	5.14M	4.97M	4.84M	4.65M	4.41M
Weighted Average Basic & Diluted Shares Outstanding	5.70M	5.60M	5.60M	5.40M	5.31M	5.00M	4.90M	4.79M	4.46M	4.34M
Cash Dividends to Common per Share	$9.10	$4.84	$5.08	$5.32	$5.56	$5.80	$6.04	$6.32	$6.60	$6.88

This table shows Graham's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	33	6.16	52	123	-23	53	124	-21	73	549
Consolidated Net Income / (Loss)	34	6.64	53	124	-21	56	125	-19	75	552
Net Income / (Loss) Continuing Operations	34	6.64	53	124	-21	56	125	-19	75	552
Total Pre-Tax Income	46	31	72	166	-12	73	169	-15	113	758
Total Operating Income	60	-55	28	58	-57	41	35	26	82	73
Total Gross Profit	318	348	304	337	330	341	333	353	380	400
Total Revenue	1,012	1,064	1,032	1,105	1,112	1,167	1,153	1,185	1,207	1,246
Operating Revenue	1,012	1,064	1,032	1,105	1,112	1,167	1,153	1,185	1,207	1,246
Total Cost of Revenue	695	716	727	768	782	826	820	832	827	846
Operating Cost of Revenue	695	716	727	768	782	826	820	832	827	846
Total Operating Expenses	258	403	277	279	387	300	297	328	299	327
Selling, General & Admin Expense	224	245	242	245	255	266	264	269	269	275
Depreciation Expense	20	15	20	21	22	23	23	22	21	21
Amortization Expense	15	14	14	13	12	11	11	10	8.39	7.93
Impairment Charge	0.00	129	0.75	0.00	98	-	0.00	26	0.00	24
Total Other Income / (Expense), net	-13	86	45	108	45	32	133	-41	31	685
Interest Expense	12	15	14	12	12	25	19	91	26	50
Interest & Investment Income	-3.87	-99	56	-4.57	1.20	-50	151	4.67	-11	-138
Other Income / (Expense), net	2.36	200	3.08	124	56	108	1.65	46	68	873
Income Tax Expense	13	25	19	42	9.40	17	44	4.10	39	206
Net Income / (Loss) Attributable to Noncontrolling Interest	1.06	0.48	0.71	1.38	1.90	2.43	0.96	2.21	2.00	2.80
Basic Earnings per Share	$6.78	$1.50	$10.91	$25.96	($5.02)	$12.11	$27.87	($4.79)	$16.54	$125.00
Weighted Average Basic Shares Outstanding	4.81M	4.82M	4.76M	4.70M	4.60M	4.64M	4.43M	4.40M	4.35M	4.37M
Diluted Earnings per Share	$6.76	$1.53	$10.88	$25.89	($5.02)	$12.07	$27.72	($4.79)	$16.42	$124.05
Weighted Average Diluted Shares Outstanding	4.82M	4.84M	4.78M	4.71M	4.60M	4.65M	4.46M	4.40M	4.38M	4.41M
Weighted Average Basic & Diluted Shares Outstanding	4.80M	4.79M	4.74M	4.65M	4.54M	4.46M	4.44M	4.40M	4.33M	4.34M

This table details how cash moves in and out of Graham's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-24	-104	-263	-143	-50	209	-264	32	11	96
Net Cash From Operating Activities	71	261	268	287	165	211	202	236	260	407
Net Cash From Continuing Operating Activities	71	261	268	287	165	211	202	236	260	407
Net Income / (Loss) Continuing Operations	-99	169	302	271	328	300	353	70	212	733
Consolidated Net Income / (Loss)	-99	169	302	271	328	300	353	70	212	733
Depreciation Expense	428	93	113	112	122	161	162	261	235	174
Amortization Expense	-	-	0.00	0.00	84	90	74	68	68	63
Non-Cash Adjustments To Reconcile Net Income	0.27	-29	-12	-86	-243	-286	-342	-37	-226	-903
Changes in Operating Assets and Liabilities, net	-259	28	-136	-10	-126	-55	-45	-126	-29	341
Net Cash From Investing Activities	-426	-311	-442	-231	-237	199	-495	-184	-153	-62
Net Cash From Continuing Investing Activities	-426	-311	-442	-231	-237	199	-495	-184	-153	-62
Purchase of Property, Plant & Equipment	-137	-67	-60	-98	-94	-70	-163	-78	-89	-75
Acquisitions	-159	-245	-300	-112	-179	-20	-352	-130	-78	-4.12
Purchase of Investments	-171	-55	-83	-54	-35	-32	-57	-79	-20	-9.55
Sale and/or Maturity of Investments	0.00	30	4.73	72	19	94	65	102	62	24
Other Investing Activities, net	42	25	-3.51	-38	-2.58	2.07	0.56	1.04	-27	2.34
Net Cash From Financing Activities	342	-43	-100	-192	19	-204	31	-18	-100	-241
Net Cash From Continuing Financing Activities	342	-43	-100	-192	19	-204	31	-18	-100	-241
Repayment of Debt	-55	-0.65	-17	-429	-8.92	-82	-46	-16	-122	-71
Repurchase of Common Equity	-23	-109	-51	-118	-2.65	-162	-59	-73	-198	-116
Payment of Dividends	-148	-27	-28	-29	-30	-30	-31	-34	-36	-36
Issuance of Debt	551	115	1.40	400	56	64	194	104	263	0.97
Issuance of Common Equity	-	-	0.00	0.00	6.00	0.00	0.00	3.20	0.00	0.00
Other Financing Activities, net	27	-21	-5.19	-16	-1.77	5.78	-27	-2.91	-6.21	-18
Effect of Exchange Rate Changes	-11	-11	11	-7.15	2.77	2.98	-3.03	-1.84	4.39	-7.73
Cash Interest Paid	33	30	33	42	30	31	30	37	51	69
Cash Income Taxes Paid	209	65	4.00	54	28	91	39	48	39	63

This table details how cash moves in and out of Graham's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	25	20	-36	-2.34	48	1.25	-23	8.63	95	16
Net Cash From Operating Activities	104	32	23	39	140	57	1.07	52	238	116
Net Cash From Continuing Operating Activities	104	32	23	39	140	57	1.07	52	238	116
Net Income / (Loss) Continuing Operations	34	6.64	53	124	-21	56	125	-19	75	552
Consolidated Net Income / (Loss)	34	6.64	53	124	-21	56	125	-19	75	552
Depreciation Expense	34	158	35	34	132	34	33	59	30	52
Amortization Expense	18	16	16	17	17	18	17	16	15	16
Non-Cash Adjustments To Reconcile Net Income	13	-82	-45	-103	-9.21	-68	-131	-29	-34	-710
Changes in Operating Assets and Liabilities, net	5.52	-67	-36	-33	21	18	-44	25	152	207
Net Cash From Investing Activities	-154	-12	-1.95	-21	-96	-34	-21	-21	6.10	-27
Net Cash From Continuing Investing Activities	-154	-12	-1.95	-21	-96	-34	-21	-21	6.10	-27
Purchase of Property, Plant & Equipment	-25	-21	-23	-18	-20	-28	-21	-18	-18	-17
Acquisitions	-130	0.07	0.00	-0.24	-77	-1.15	0.00	-3.83	-0.19	-0.10
Purchase of Investments	-5.73	-14	-11	-7.25	-0.86	-1.21	-0.53	-1.23	-5.43	-2.37
Other Investing Activities, net	7.12	-5.50	2.47	-28	1.41	-3.19	0.82	2.54	6.32	-7.34
Net Cash From Financing Activities	81	-9.92	-58	-20	8.18	-30	1.53	-23	-155	-65
Net Cash From Continuing Financing Activities	81	-9.92	-58	-20	8.18	-30	1.53	-23	-155	-65
Repayment of Debt	-8.00	0.62	-34	12	-41	-59	-6.82	-9.64	-42	-13
Repurchase of Common Equity	-20	-18	-23	-46	-63	-66	-20	-29	-49	-18
Payment of Dividends	-7.66	-11	-7.91	-7.84	-7.79	-13	-7.68	-7.67	-7.57	-14
Issuance of Debt	116	15	7.20	22	124	109	36	24	-52	-7.47
Other Financing Activities, net	1.53	0.29	0.00	-	-3.79	-2.43	0.00	-	-5.39	-13
Effect of Exchange Rate Changes	-6.92	9.98	1.24	-0.67	-3.75	7.58	-4.54	0.20	5.99	-9.38

This table presents Graham's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	4,353	4,433	4,938	4,764	5,931	6,444	7,426	6,553	7,188	7,677
Total Current Assets	1,861	1,871	1,736	1,532	1,663	1,774	1,847	1,679	1,849	2,099
Cash & Equivalents	754	649	390	253	200	414	146	169	170	261
Restricted Cash	21	22	18	11	14	9.06	12	20	32	37
Short-Term Investments	379	448	557	515	600	588	824	622	697	859
Accounts Receivable	572	615	620	582	624	537	607	532	525	514
Inventories, net	32	35	61	69	121	121	141	227	297	296
Prepaid Expenses	-	-	-	-	92	76	82	97	120	116
Current Deferred & Refundable Income Taxes	48	42	24	19	11	29	33	9.31	6.85	7.71
Other Current Assets	53	61	66	83	1.40	0.94	1.24	1.55	1.30	7.61
Plant, Property, & Equipment, net	231	234	259	293	385	378	468	503	560	549
Total Noncurrent Assets	2,261	2,328	2,943	2,939	3,883	4,292	5,110	4,371	4,778	5,029
Long-Term Investments	59	59	129	144	162	156	155	186	186	169
Goodwill	1,018	1,123	1,300	1,298	1,388	1,485	1,650	1,561	1,525	1,500
Intangible Assets	129	174	340	362	374	325	389	340	300	221
Noncurrent Deferred & Refundable Income Taxes	0.00	17	15	13	12	8.40	7.90	6.81	11	8.91
Employee Benefit Assets	980	882	1,057	1,004	1,292	1,708	2,307	1,658	2,114	2,511
Other Noncurrent Operating Assets	75	73	102	118	655	609	601	619	642	620
Total Liabilities & Shareholders' Equity	4,353	4,433	4,938	4,764	5,931	6,444	7,426	6,553	7,188	7,677
Total Liabilities	1,836	1,980	2,018	1,843	2,599	2,666	3,000	2,779	3,162	3,347
Total Current Liabilities	725	819	879	812	1,042	950	1,166	1,145	1,230	1,200
Short-Term Debt	0.00	6.13	6.73	6.36	82	6.45	142	156	67	27
Accounts Payable	428	501	526	487	508	520	584	574	695	713
Current Deferred Revenue	297	312	339	309	355	331	359	341	397	391
Current Deferred & Payable Income Tax Liabilities	-	0.00	6.11	10	4.12	5.14	4.59	3.77	7.41	12
Other Current Liabilities	-	-	-	0.00	93	87	78	70	64	58
Total Noncurrent Liabilities	1,111	1,161	1,139	1,031	1,557	1,716	1,833	1,634	1,932	2,147
Long-Term Debt	400	486	487	471	431	506	526	571	745	722
Noncurrent Deferred & Payable Income Tax Liabilities	403	379	363	322	427	521	677	466	600	739
Noncurrent Employee Benefit Liabilities	237	218	214	180	194	202	175	135	137	136
Other Noncurrent Operating Liabilities	71	78	76	58	505	487	455	462	450	550
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	26	0.05	4.61	4.35	5.66	12	14	22	24	44
Total Equity & Noncontrolling Interests	2,491	2,473	2,915	2,917	3,327	3,766	4,412	3,753	4,002	4,287
Total Preferred & Common Equity	2,491	2,453	2,915	2,917	3,319	3,759	4,400	3,731	3,976	4,257
Preferred Stock	-	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00
Total Common Equity	2,491	2,453	2,915	2,897	3,319	3,759	4,400	3,731	3,976	4,257
Common Stock	377	384	391	379	402	408	409	410	392	377
Retained Earnings	5,448	5,589	5,792	6,236	6,534	6,805	7,127	7,163	7,337	8,032
Treasury Stock	-3,649	-3,757	-3,803	-3,922	-3,920	-4,057	-4,108	-4,178	-4,368	-4,487
Accumulated Other Comprehensive Income / (Loss)	315	236	536	204	303	603	971	336	614	335
Noncontrolling Interest	-	-	-	0.00	7.56	7.09	12	21	26	30

This table presents Graham's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	7,277	6,542	6,604	6,689	7,255	7,234	7,421
Total Current Assets	1,639	1,643	1,666	1,798	1,951	1,939	2,085
Cash & Equivalents	150	123	112	160	131	141	244
Restricted Cash	20	31	40	41	48	47	38
Short-Term Investments	611	616	661	672	803	822	832
Accounts Receivable	538	508	468	542	500	466	518
Inventories, net	210	246	259	279	327	324	307
Prepaid Expenses	87	113	119	101	137	132	140
Current Deferred & Refundable Income Taxes	22	3.34	2.05	1.59	2.80	3.87	1.33
Other Current Assets	1.94	1.91	3.68	1.89	1.76	4.50	4.56
Plant, Property, & Equipment, net	468	507	511	540	548	544	556
Total Noncurrent Assets	5,170	4,393	4,427	4,351	4,756	4,750	4,780
Long-Term Investments	169	195	198	191	187	186	168
Goodwill	1,631	1,568	1,568	1,500	1,513	1,512	1,535
Intangible Assets	377	328	315	309	289	260	255
Noncurrent Deferred & Refundable Income Taxes	6.90	6.87	6.85	6.81	11	11	12
Employee Benefit Assets	2,393	1,671	1,685	1,703	2,130	2,129	2,141
Other Noncurrent Operating Assets	592	624	653	641	627	652	670
Total Liabilities & Shareholders' Equity	7,277	6,542	6,604	6,689	7,255	7,234	7,421
Total Liabilities	2,983	2,751	2,744	2,947	3,160	3,201	3,350
Total Current Liabilities	1,141	1,128	1,108	1,152	1,242	1,208	1,332
Short-Term Debt	142	123	141	22	77	102	34
Accounts Payable	557	537	559	630	679	697	754
Dividends Payable	7.61	7.90	7.79	7.56	7.67	7.57	7.44
Current Deferred Revenue	362	373	320	415	387	326	439
Current Deferred & Payable Income Tax Liabilities	2.55	15	10	13	30	15	36
Other Current Liabilities	70	72	70	66	61	60	62
Total Noncurrent Liabilities	1,841	1,622	1,636	1,795	1,919	1,992	2,018
Long-Term Debt	569	568	566	740	739	733	731
Noncurrent Deferred & Payable Income Tax Liabilities	669	462	485	482	609	603	608
Noncurrent Employee Benefit Liabilities	156	135	138	133	129	129	137
Other Noncurrent Operating Liabilities	448	458	447	440	442	528	542
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	18	22	27	28	24	38	39
Total Equity & Noncontrolling Interests	4,277	3,770	3,833	3,714	4,070	3,996	4,032
Total Preferred & Common Equity	4,260	3,747	3,809	3,689	4,043	3,968	4,004
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,260	3,747	3,809	3,689	4,043	3,968	4,007
Common Stock	415	408	405	407	393	382	383
Retained Earnings	7,157	7,200	7,315	7,284	7,446	7,418	7,483
Treasury Stock	-4,162	-4,197	-4,243	-4,305	-4,388	-4,418	-4,468
Accumulated Other Comprehensive Income / (Loss)	850	337	333	303	592	587	609
Noncontrolling Interest	17	23	23	26	27	27	28

This table displays calculated financial ratios and metrics derived from Graham's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.51%	-4.03%	4.43%	4.02%	8.76%	-1.47%	10.27%	23.18%	12.50%	8.52%
EBITDA Growth	-73.10%	13.21%	-14.89%	42.42%	38.49%	6.51%	1.75%	-27.75%	31.48%	117.34%
EBIT Growth	-108.85%	425.21%	-26.66%	65.44%	24.22%	-0.78%	6.25%	-61.98%	105.05%	234.19%
NOPAT Growth	-134.23%	366.31%	49.81%	-8.51%	-46.19%	-33.45%	-17.78%	-20.16%	1.22%	213.59%
Net Income Growth	-107.67%	270.79%	78.50%	-10.28%	20.81%	-8.51%	17.79%	-80.07%	200.57%	246.05%
EPS Growth	-109.16%	266.76%	80.84%	-6.85%	21.93%	-5.03%	21.19%	-80.43%	217.77%	272.89%
Operating Cash Flow Growth	-77.46%	269.78%	2.60%	7.07%	-42.46%	27.55%	-3.91%	16.39%	10.30%	56.61%
Free Cash Flow Firm Growth	389.93%	-89.39%	-477.96%	115.44%	-658.78%	35.67%	-324.41%	165.15%	-140.08%	176.30%
Invested Capital Growth	-33.87%	3.77%	31.28%	6.73%	15.88%	8.90%	26.60%	-11.46%	7.15%	0.02%
Revenue Q/Q Growth	-4.12%	0.54%	1.82%	0.49%	2.60%	0.82%	2.44%	5.40%	2.38%	1.68%
EBITDA Q/Q Growth	-57.67%	-2.11%	-3.65%	1.64%	29.52%	7.95%	-15.04%	40.29%	-15.30%	129.52%
EBIT Q/Q Growth	-129.06%	-2.71%	-7.18%	2.41%	35.26%	16.27%	-21.52%	15.79%	0.91%	195.54%
NOPAT Q/Q Growth	-176.78%	-15.99%	199.93%	-32.38%	-23.81%	14.96%	-20.84%	-60.91%	395.43%	20.31%
Net Income Q/Q Growth	-153.83%	-7.73%	142.29%	-36.77%	37.42%	43.50%	-30.06%	-52.69%	30.15%	209.50%
EPS Q/Q Growth	-156.35%	-9.04%	135.95%	-35.60%	37.64%	46.24%	-28.81%	-53.06%	31.67%	217.78%
Operating Cash Flow Q/Q Growth	-14.61%	146.47%	-18.93%	20.06%	-1.36%	-36.88%	21.18%	12.83%	10.84%	16.94%
Free Cash Flow Firm Q/Q Growth	-23.35%	160.39%	-2,487.68%	123.20%	-1,204.79%	-266.49%	-37.90%	202.02%	-133.60%	1,049.63%
Invested Capital Q/Q Growth	6.71%	-7.89%	15.62%	-2.12%	6.38%	11.16%	14.78%	-13.78%	8.87%	5.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	41.15%	33.55%	33.82%	33.63%	32.28%	29.72%	30.61%
EBITDA Margin	13.11%	15.46%	12.60%	17.26%	21.97%	23.75%	21.92%	12.85%	15.02%	30.09%
Operating Margin	-3.13%	8.98%	5.26%	9.13%	4.93%	3.48%	2.43%	2.14%	1.57%	4.50%
EBIT Margin	-3.46%	11.72%	8.23%	13.09%	14.95%	15.06%	14.51%	4.48%	8.16%	25.14%
Profit (Net Income) Margin	-3.84%	6.83%	11.67%	10.07%	11.18%	10.38%	11.09%	1.79%	4.80%	15.29%
Tax Burden Percent	82.07%	67.61%	165.49%	83.90%	76.88%	73.65%	78.58%	57.86%	70.80%	71.49%
Interest Burden Percent	135.15%	86.17%	85.68%	91.66%	97.27%	93.62%	97.27%	69.27%	82.97%	85.09%
Effective Tax Rate	0.00%	32.39%	-65.49%	16.10%	23.12%	26.35%	21.42%	42.14%	29.20%	28.51%
Return on Invested Capital (ROIC)	-2.65%	8.68%	11.05%	8.61%	4.16%	2.47%	1.72%	1.30%	1.35%	4.11%
ROIC Less NNEP Spread (ROIC-NNEP)	3.39%	6.21%	-0.71%	-3.80%	-43.54%	-37.99%	-50.32%	-4.59%	-58.22%	-131.85%
Return on Net Nonoperating Assets (RNNOA)	-0.84%	-1.89%	0.17%	0.68%	6.33%	5.97%	6.90%	0.42%	4.07%	13.43%
Return on Equity (ROE)	-3.49%	6.79%	11.22%	9.29%	10.49%	8.44%	8.61%	1.72%	5.43%	17.53%
Cash Return on Invested Capital (CROIC)	38.13%	4.99%	-16.00%	2.11%	-10.56%	-6.06%	-21.76%	13.46%	-5.54%	4.09%
Operating Return on Assets (OROA)	-1.77%	6.62%	4.55%	7.28%	8.20%	7.03%	6.67%	2.51%	5.25%	16.20%
Return on Assets (ROA)	-1.96%	3.86%	6.46%	5.60%	6.13%	4.85%	5.10%	1.01%	3.08%	9.86%
Return on Common Equity (ROCE)	-3.45%	6.73%	11.17%	9.25%	10.42%	8.40%	8.57%	1.70%	5.36%	17.27%
Return on Equity Simple (ROE_SIMPLE)	-3.98%	6.91%	10.38%	9.31%	9.88%	7.98%	8.03%	1.89%	5.32%	17.21%
Net Operating Profit after Tax (NOPAT)	-57	151	226	207	111	74	61	49	49	154
NOPAT Margin	-2.19%	6.07%	8.71%	7.66%	3.79%	2.56%	1.91%	1.24%	1.11%	3.22%
Net Nonoperating Expense Percent (NNEP)	-6.04%	2.47%	11.75%	12.41%	47.70%	40.46%	52.04%	5.90%	59.57%	135.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.08%	1.02%	3.06%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	58.85%	66.45%	66.18%	66.37%	67.72%	70.28%	69.39%
SG&A Expenses to Revenue	42.70%	36.11%	34.25%	27.85%	24.48%	24.76%	26.11%	23.49%	22.82%	22.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	103.13%	91.02%	94.74%	32.02%	28.62%	30.34%	31.20%	30.14%	28.14%	26.11%
Earnings before Interest and Taxes (EBIT)	-89	291	213	353	438	435	462	176	360	1,204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	339	384	327	465	644	686	698	504	663	1,442
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	1.08	0.99	1.10	0.97	0.68	0.69	0.76	0.79	0.89
Price to Tangible Book Value (P/TBV)	1.93	2.30	2.26	2.58	2.07	1.32	1.28	1.55	1.46	1.49
Price to Revenue (P/Rev)	1.00	1.07	1.11	1.19	1.10	0.89	0.95	0.72	0.71	0.79
Price to Earnings (P/E)	0.00	15.75	9.53	11.78	9.82	8.55	8.61	42.31	15.25	5.20
Dividend Yield	1.55%	1.02%	0.98%	0.88%	0.92%	1.13%	0.99%	1.07%	0.96%	0.79%
Earnings Yield	0.00%	6.35%	10.49%	8.49%	10.18%	11.69%	11.62%	2.36%	6.56%	19.21%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.11	0.98	1.11	0.97	0.62	0.65	0.74	0.77	0.87
Enterprise Value to Revenue (EV/Rev)	0.70	0.79	0.88	1.02	0.94	0.67	0.81	0.66	0.66	0.68
Enterprise Value to EBITDA (EV/EBITDA)	5.32	5.13	6.99	5.92	4.30	2.82	3.70	5.17	4.38	2.27
Enterprise Value to EBIT (EV/EBIT)	0.00	6.77	10.70	7.80	6.32	4.45	5.60	14.84	8.07	2.71
Enterprise Value to NOPAT (EV/NOPAT)	0.00	13.07	10.12	13.33	24.93	26.15	42.54	53.74	59.17	21.21
Enterprise Value to Operating Cash Flow (EV/OCF)	25.51	7.54	8.52	9.59	16.77	9.18	12.78	11.07	11.19	8.03
Enterprise Value to Free Cash Flow (EV/FCFF)	2.21	22.75	0.00	54.54	0.00	0.00	0.00	5.20	0.00	21.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.16	0.20	0.17	0.16	0.15	0.14	0.15	0.19	0.20	0.17
Long-Term Debt to Equity	0.16	0.20	0.17	0.16	0.13	0.13	0.12	0.15	0.19	0.17
Financial Leverage	-0.25	-0.30	-0.24	-0.18	-0.15	-0.16	-0.14	-0.09	-0.07	-0.10
Leverage Ratio	1.78	1.76	1.74	1.66	1.71	1.74	1.69	1.70	1.76	1.78
Compound Leverage Factor	2.40	1.52	1.49	1.52	1.66	1.63	1.64	1.18	1.46	1.51
Debt to Total Capital	13.71%	16.59%	14.45%	14.04%	13.34%	11.95%	13.11%	16.14%	16.78%	14.73%
Short-Term Debt to Total Capital	0.00%	0.21%	0.20%	0.19%	2.14%	0.15%	2.78%	3.46%	1.38%	0.52%
Long-Term Debt to Total Capital	13.71%	16.38%	14.26%	13.85%	11.20%	11.79%	10.32%	12.68%	15.40%	14.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.89%	0.00%	0.14%	0.13%	0.34%	0.44%	0.52%	0.96%	1.04%	1.46%
Common Equity to Total Capital	85.40%	82.73%	85.41%	85.24%	86.32%	87.61%	86.38%	82.90%	82.18%	83.81%
Debt to EBITDA	1.18	1.28	1.51	1.03	0.80	0.75	0.96	1.44	1.22	0.52
Net Debt to EBITDA	-2.40	-1.79	-1.84	-0.96	-0.72	-0.95	-0.67	-0.54	-0.41	-0.40
Long-Term Debt to EBITDA	1.18	1.27	1.49	1.01	0.67	0.74	0.75	1.13	1.12	0.50
Debt to NOPAT	-7.07	3.26	2.19	2.31	4.61	6.93	10.98	14.96	16.52	4.86
Net Debt to NOPAT	14.38	-4.55	-2.66	-2.16	-4.17	-8.84	-7.74	-5.61	-5.57	-3.75
Long-Term Debt to NOPAT	-7.07	3.22	2.16	2.28	3.88	6.84	8.65	11.75	15.16	4.68
Altman Z-Score	3.44	3.63	3.37	3.86	3.15	2.88	2.69	2.93	2.91	3.42
Noncontrolling Interest Sharing Ratio	1.03%	0.92%	0.46%	0.50%	0.60%	0.45%	0.55%	0.85%	1.20%	1.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.57	2.29	1.98	1.89	1.60	1.87	1.58	1.47	1.50	1.75
Quick Ratio	2.35	2.09	1.78	1.66	1.37	1.62	1.35	1.16	1.13	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	815	87	-327	50	-282	-181	-770	502	-201	153
Operating Cash Flow to CapEx	51.62%	392.21%	444.11%	292.30%	423.40%	0.00%	132.96%	303.51%	291.49%	546.11%
Free Cash Flow to Firm to Interest Expense	24.97	2.44	-9.65	1.02	-9.47	-4.74	-22.69	9.22	-3.18	0.82
Operating Cash Flow to Interest Expense	2.16	7.38	7.91	5.82	5.55	5.50	5.96	4.33	4.11	2.19
Operating Cash Flow Less CapEx to Interest Expense	-2.03	5.50	6.13	3.83	4.24	9.57	1.48	2.90	2.70	1.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.57	0.55	0.56	0.55	0.47	0.46	0.56	0.64	0.64
Accounts Receivable Turnover	4.52	4.18	4.20	4.48	4.86	4.98	5.57	6.89	8.35	9.22
Inventory Turnover	0.00	0.00	0.00	24.39	20.47	15.84	16.14	14.43	11.84	11.21
Fixed Asset Turnover	4.74	10.68	10.51	9.76	8.65	7.57	7.53	8.08	8.30	8.63
Accounts Payable Turnover	0.00	0.00	0.00	3.13	3.92	3.72	3.83	4.59	4.89	4.73
Days Sales Outstanding (DSO)	80.72	87.32	86.99	81.41	75.09	73.36	65.57	52.99	43.69	39.60
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	14.96	17.83	23.05	22.62	25.29	30.82	32.55
Days Payable Outstanding (DPO)	0.00	0.00	0.00	116.51	93.14	98.11	95.27	79.51	74.63	77.24
Cash Conversion Cycle (CCC)	80.72	87.32	86.99	-20.14	-0.22	-1.70	-7.08	-1.24	-0.11	-5.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,703	1,767	2,320	2,476	2,869	3,124	3,956	3,502	3,752	3,753
Invested Capital Turnover	1.21	1.43	1.27	1.12	1.10	0.96	0.90	1.05	1.22	1.28
Increase / (Decrease) in Invested Capital	-872	64	553	156	393	255	831	-453	250	0.62
Enterprise Value (EV)	1,802	1,969	2,284	2,754	2,770	1,934	2,587	2,609	2,907	3,268
Market Capitalization	2,590	2,655	2,879	3,195	3,220	2,569	3,031	2,838	3,131	3,771
Book Value per Share	$426.46	$436.97	$526.98	$546.38	$624.58	$750.89	$888.33	$777.11	$874.88	$982.25
Tangible Book Value per Share	$230.14	$205.93	$230.53	$233.27	$293.03	$389.39	$476.65	$381.13	$473.22	$585.11
Total Capital	2,916	2,965	3,413	3,398	3,845	4,291	5,093	4,501	4,838	5,079
Total Debt	400	492	493	477	513	513	668	726	812	748
Total Long-Term Debt	400	486	487	471	431	506	526	571	745	722
Net Debt	-814	-686	-600	-445	-463	-654	-470	-272	-274	-578
Capital Expenditures (CapEx)	137	67	60	98	39	-156	152	78	89	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-61	-101	-52	-110	-180	-160	-122	-213	-231
Debt-free Net Working Capital (DFNWC)	1,136	1,059	864	727	704	831	823	690	686	925
Net Working Capital (NWC)	1,136	1,052	857	720	622	825	681	534	620	899
Net Nonoperating Expense (NNE)	43	-19	-77	-65	-217	-226	-293	-22	-163	-579
Net Nonoperating Obligations (NNO)	-814	-706	-600	-445	-463	-654	-470	-272	-274	-578
Total Depreciation and Amortization (D&A)	428	93	113	112	206	251	236	329	303	237
Debt-free, Cash-free Net Working Capital to Revenue	-0.73%	-2.44%	-3.89%	-1.93%	-3.76%	-6.22%	-5.02%	-3.12%	-4.81%	-4.83%
Debt-free Net Working Capital to Revenue	43.91%	42.65%	33.33%	26.95%	24.00%	28.76%	25.82%	17.58%	15.55%	19.32%
Net Working Capital to Revenue	43.91%	42.40%	33.07%	26.71%	21.20%	28.54%	21.37%	13.61%	14.03%	18.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($17.87)	$29.95	$54.24	$50.55	$61.70	$58.30	$70.65	$13.83	$43.96	$164.62
Adjusted Weighted Average Basic Shares Outstanding	5.73M	5.56M	5.52M	5.33M	5.29M	5.12M	4.95M	4.82M	4.64M	4.37M
Adjusted Diluted Earnings per Share	($17.87)	$29.80	$53.89	$50.20	$61.21	$58.13	$70.45	$13.79	$43.82	$163.40
Adjusted Weighted Average Diluted Shares Outstanding	5.73M	5.59M	5.55M	5.37M	5.33M	5.14M	4.97M	4.84M	4.65M	4.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$50.55	$61.70	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.64M	5.59M	5.50M	5.32M	5.31M	5.00M	4.90M	4.79M	4.46M	4.34M
Normalized Net Operating Profit after Tax (NOPAT)	125	152	102	213	118	96	87	123	119	190
Normalized NOPAT Margin	4.84%	6.11%	3.94%	7.91%	4.03%	3.33%	2.72%	3.14%	2.70%	3.96%
Pre Tax Income Margin	-4.67%	10.10%	7.05%	12.00%	14.55%	14.10%	14.11%	3.10%	6.77%	21.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.74	8.22	6.30	7.16	14.72	11.36	13.62	3.23	5.69	6.47
NOPAT to Interest Expense	-1.73	4.26	6.66	4.19	3.73	1.93	1.79	0.89	0.78	0.83
EBIT Less CapEx to Interest Expense	-6.93	6.34	4.51	5.17	13.41	15.43	9.13	1.80	4.28	6.07
NOPAT Less CapEx to Interest Expense	-5.92	2.38	4.88	2.20	2.42	6.00	-2.69	-0.53	-0.63	0.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-149.00%	16.12%	9.37%	10.54%	9.01%	9.99%	8.71%	47.83%	17.13%	4.98%
Augmented Payout Ratio	-172.16%	80.42%	26.15%	54.03%	9.82%	63.94%	25.46%	150.89%	110.72%	20.82%

This table displays calculated financial ratios and metrics derived from Graham's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	25.08%	23.30%	12.77%	18.40%	9.79%	9.66%	11.74%	7.27%	8.60%	6.77%
EBITDA Growth	3.51%	82.93%	-13.56%	1,074.46%	29.86%	-37.49%	6.45%	-37.36%	31.55%	407.25%
EBIT Growth	104.66%	19.77%	-28.26%	345.82%	-101.81%	2.24%	20.66%	-60.52%	13,503.57%	536.80%
NOPAT Growth	322.38%	-162.84%	-30.49%	57.77%	-192.16%	367.09%	29.61%	-58.24%	234.65%	68.67%
Net Income Growth	-14.72%	-92.19%	-45.14%	286.40%	-162.45%	738.33%	136.59%	-115.16%	452.54%	890.47%
EPS Growth	-14.43%	-91.06%	-44.06%	285.59%	-174.26%	688.89%	154.78%	-118.50%	427.09%	927.75%
Operating Cash Flow Growth	-16.21%	519.57%	-49.19%	-27.68%	34.56%	79.56%	-95.32%	31.99%	69.34%	102.81%
Free Cash Flow Firm Growth	12.55%	154.35%	157.88%	191.05%	200.45%	-149.58%	-142.07%	-122.14%	-110.58%	123.83%
Invested Capital Growth	17.88%	-11.46%	-11.33%	-10.31%	-15.15%	7.15%	6.36%	3.33%	3.33%	0.02%
Revenue Q/Q Growth	8.48%	5.10%	-3.05%	7.12%	0.59%	4.97%	-1.21%	2.83%	1.85%	3.20%
EBITDA Q/Q Growth	576.03%	180.18%	-74.36%	184.91%	-36.56%	34.87%	-65.41%	67.66%	33.22%	420.04%
EBIT Q/Q Growth	183.45%	134.57%	-78.83%	493.10%	-100.61%	13,364.88%	-81.53%	94.09%	108.36%	530.21%
NOPAT Q/Q Growth	57.58%	-127.01%	273.24%	113.97%	-192.04%	178.28%	-15.93%	-31.06%	196.79%	-1.94%
Net Income Q/Q Growth	150.80%	-80.37%	697.49%	134.39%	-117.02%	363.51%	125.07%	-115.02%	495.74%	640.33%
EPS Q/Q Growth	148.46%	-77.37%	611.11%	137.96%	-119.39%	340.44%	129.66%	-117.28%	442.80%	655.48%
Operating Cash Flow Q/Q Growth	91.24%	-69.37%	-28.58%	72.85%	255.81%	-59.12%	-98.14%	4,777.32%	356.50%	-51.04%
Free Cash Flow Firm Q/Q Growth	-15.09%	177.10%	6.57%	-3.72%	26.97%	-138.06%	9.58%	49.33%	39.31%	185.68%
Invested Capital Q/Q Growth	2.27%	-13.78%	0.65%	1.06%	-3.24%	8.87%	-0.08%	-1.83%	-3.24%	5.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.38%	32.74%	29.50%	30.51%	29.68%	29.19%	28.86%	29.82%	31.51%	32.10%
EBITDA Margin	11.27%	30.03%	7.94%	21.13%	13.32%	17.12%	7.57%	12.34%	16.14%	81.33%
Operating Margin	5.88%	-5.16%	2.68%	5.25%	-5.14%	3.50%	3.07%	2.19%	6.76%	5.82%
EBIT Margin	6.11%	13.64%	2.98%	16.50%	-0.10%	12.72%	3.22%	6.07%	12.42%	75.87%
Profit (Net Income) Margin	3.34%	0.62%	5.14%	11.24%	-1.90%	4.77%	10.87%	-1.59%	6.17%	44.28%
Tax Burden Percent	72.87%	21.33%	73.40%	74.81%	180.11%	76.72%	74.24%	127.84%	65.93%	72.81%
Interest Burden Percent	75.04%	21.45%	234.81%	91.04%	1,048.61%	48.90%	455.23%	-20.46%	75.34%	80.15%
Effective Tax Rate	27.13%	78.67%	26.60%	25.19%	0.00%	23.28%	25.76%	0.00%	34.07%	27.19%
Return on Invested Capital (ROIC)	4.25%	-1.16%	2.12%	4.40%	-4.13%	3.26%	2.85%	1.95%	6.00%	5.41%
ROIC Less NNEP Spread (ROIC-NNEP)	6.74%	-6.10%	-6.27%	-19.92%	-11.27%	-5.67%	-29.52%	13.32%	0.86%	-111.81%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	0.55%	0.59%	1.61%	0.74%	0.40%	2.29%	-1.10%	-0.09%	11.39%
Return on Equity (ROE)	3.63%	-0.61%	2.71%	6.01%	-3.39%	3.66%	5.14%	0.85%	5.91%	16.80%
Cash Return on Invested Capital (CROIC)	-13.10%	13.46%	12.84%	12.53%	15.94%	-5.54%	-4.64%	-2.45%	0.38%	4.09%
Operating Return on Assets (OROA)	3.26%	7.66%	1.73%	10.10%	-0.06%	8.17%	2.12%	4.05%	8.30%	48.91%
Return on Assets (ROA)	1.78%	0.35%	2.99%	6.88%	-1.17%	3.07%	7.15%	-1.06%	4.12%	28.54%
Return on Common Equity (ROCE)	3.60%	-0.60%	2.69%	5.95%	-3.35%	3.62%	5.07%	0.84%	5.82%	16.55%
Return on Equity Simple (ROE_SIMPLE)	3.49%	0.00%	0.72%	5.71%	4.41%	0.00%	7.03%	3.56%	5.91%	0.00%
Net Operating Profit after Tax (NOPAT)	43	-12	20	43	-40	31	26	18	54	53
NOPAT Margin	4.28%	-1.10%	1.97%	3.93%	-3.60%	2.68%	2.28%	1.53%	4.46%	4.24%
Net Nonoperating Expense Percent (NNEP)	-2.49%	4.94%	8.40%	24.32%	7.14%	8.94%	32.37%	-11.37%	5.14%	117.21%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.26%	-	-	-	0.65%	-	-	-	1.05%
Cost of Revenue to Revenue	68.62%	67.26%	70.50%	69.49%	70.32%	70.82%	71.14%	70.18%	68.49%	67.90%
SG&A Expenses to Revenue	22.11%	23.04%	23.46%	22.14%	22.92%	22.80%	22.90%	22.69%	22.29%	22.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.50%	37.91%	26.82%	25.26%	34.82%	25.69%	25.79%	27.63%	24.75%	26.28%
Earnings before Interest and Taxes (EBIT)	62	145	31	182	-1.12	148	37	72	150	945
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	320	82	233	148	200	87	146	195	1,013
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.60	0.76	0.75	0.70	0.73	0.79	0.86	0.78	0.90	0.89
Price to Tangible Book Value (P/TBV)	1.13	1.55	1.52	1.39	1.42	1.46	1.55	1.41	1.63	1.49
Price to Revenue (P/Rev)	0.69	0.72	0.70	0.64	0.62	0.71	0.77	0.67	0.77	0.79
Price to Earnings (P/E)	17.52	42.31	118.47	12.51	16.93	15.25	12.52	23.19	15.75	5.20
Dividend Yield	1.19%	1.07%	1.09%	1.14%	1.13%	0.96%	0.87%	0.97%	0.83%	0.79%
Earnings Yield	5.71%	2.36%	0.84%	8.00%	5.91%	6.56%	7.99%	4.31%	6.35%	19.21%
Enterprise Value to Invested Capital (EV/IC)	0.58	0.74	0.73	0.68	0.70	0.77	0.85	0.76	0.89	0.87
Enterprise Value to Revenue (EV/Rev)	0.63	0.66	0.64	0.57	0.56	0.66	0.70	0.61	0.67	0.68
Enterprise Value to EBITDA (EV/EBITDA)	6.53	5.17	5.25	3.23	3.10	4.38	4.74	4.82	5.03	2.27
Enterprise Value to EBIT (EV/EBIT)	15.46	14.84	15.77	5.76	6.80	8.07	8.65	10.93	7.75	2.71
Enterprise Value to NOPAT (EV/NOPAT)	18.89	53.74	82.93	38.90	0.00	59.17	57.22	94.84	24.66	21.21
Enterprise Value to Operating Cash Flow (EV/OCF)	11.24	11.07	12.09	12.20	10.36	11.19	13.31	11.18	9.07	8.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.20	5.36	5.13	4.06	0.00	0.00	0.00	236.56	21.29
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.19	0.18	0.18	0.20	0.20	0.20	0.21	0.19	0.17
Long-Term Debt to Equity	0.13	0.15	0.15	0.15	0.20	0.19	0.18	0.18	0.18	0.17
Financial Leverage	-0.09	-0.09	-0.09	-0.08	-0.07	-0.07	-0.08	-0.08	-0.10	-0.10
Leverage Ratio	1.69	1.70	1.68	1.68	1.74	1.76	1.75	1.75	1.81	1.78
Compound Leverage Factor	1.27	0.37	3.94	1.53	18.22	0.86	7.96	-0.36	1.36	1.43
Debt to Total Capital	14.19%	16.14%	15.42%	15.48%	16.91%	16.78%	16.61%	17.15%	15.82%	14.73%
Short-Term Debt to Total Capital	2.83%	3.46%	2.74%	3.09%	0.49%	1.38%	1.57%	2.09%	0.71%	0.52%
Long-Term Debt to Total Capital	11.36%	12.68%	12.67%	12.39%	16.43%	15.40%	15.04%	15.05%	15.12%	14.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.70%	0.96%	0.99%	1.10%	1.19%	1.04%	1.04%	1.34%	1.38%	1.46%
Common Equity to Total Capital	85.11%	82.90%	83.59%	83.43%	81.90%	82.18%	82.35%	81.51%	82.85%	83.81%
Debt to EBITDA	1.98	1.44	1.41	0.94	0.97	1.22	1.22	1.44	1.22	0.52
Net Debt to EBITDA	-0.67	-0.54	-0.56	-0.41	-0.39	-0.41	-0.53	-0.62	-0.82	-0.40
Long-Term Debt to EBITDA	1.58	1.13	1.16	0.76	0.94	1.12	1.10	1.26	1.16	0.50
Debt to NOPAT	5.72	14.96	22.21	11.35	-45.80	16.52	14.72	28.25	5.97	4.86
Net Debt to NOPAT	-1.93	-5.61	-8.82	-4.90	18.20	-5.57	-6.37	-12.19	-4.04	-3.75
Long-Term Debt to NOPAT	4.58	11.75	18.25	9.09	-44.48	15.16	13.33	24.80	5.71	4.68
Altman Z-Score	2.51	2.91	2.88	2.97	2.83	2.81	2.86	2.81	2.88	3.31
Noncontrolling Interest Sharing Ratio	0.63%	0.85%	0.86%	0.98%	1.10%	1.20%	1.21%	1.46%	1.51%	1.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	1.47	1.46	1.50	1.56	1.50	1.57	1.61	1.57	1.75
Quick Ratio	1.14	1.16	1.11	1.12	1.19	1.13	1.15	1.18	1.20	1.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-573	442	471	453	575	-219	-198	-100	-61	52
Operating Cash Flow to CapEx	417.98%	155.57%	101.14%	214.81%	692.88%	204.84%	5.02%	284.35%	1,311.08%	690.48%
Free Cash Flow to Firm to Interest Expense	-49.46	28.61	32.92	38.48	48.71	-8.61	-10.24	-1.10	-2.35	1.05
Operating Cash Flow to Interest Expense	9.00	2.07	1.60	3.35	11.88	2.26	0.06	0.57	9.17	2.35
Operating Cash Flow Less CapEx to Interest Expense	6.85	0.74	0.02	1.79	10.16	1.15	-1.04	0.37	8.47	2.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.56	0.58	0.61	0.62	0.64	0.66	0.67	0.67	0.64
Accounts Receivable Turnover	6.67	6.89	7.89	8.93	7.99	8.35	9.00	9.88	8.89	9.22
Inventory Turnover	16.14	14.43	13.75	13.28	12.24	11.84	11.16	11.19	11.29	11.21
Fixed Asset Turnover	8.01	8.08	8.39	8.84	8.55	8.30	8.60	8.75	8.60	8.63
Accounts Payable Turnover	4.71	4.59	5.32	5.19	5.04	4.89	5.26	5.19	4.78	4.73
Days Sales Outstanding (DSO)	54.71	52.99	46.29	40.88	45.68	43.69	40.55	36.94	41.05	39.60
Days Inventory Outstanding (DIO)	22.61	25.29	26.55	27.48	29.83	30.82	32.72	32.63	32.34	32.55
Days Payable Outstanding (DPO)	77.53	79.51	68.58	70.30	72.36	74.63	69.45	70.31	76.41	77.24
Cash Conversion Cycle (CCC)	-0.22	-1.24	4.26	-1.94	3.14	-0.11	3.82	-0.74	-3.02	-5.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,062	3,502	3,525	3,562	3,447	3,752	3,749	3,681	3,562	3,753
Invested Capital Turnover	0.99	1.05	1.08	1.12	1.15	1.22	1.25	1.27	1.34	1.28
Increase / (Decrease) in Invested Capital	616	-453	-450	-410	-615	250	224	118	115	0.62
Enterprise Value (EV)	2,346	2,609	2,581	2,421	2,429	2,907	3,171	2,803	3,158	3,268
Market Capitalization	2,551	2,838	2,811	2,676	2,678	3,131	3,472	3,098	3,608	3,771
Book Value per Share	$879.68	$777.11	$782.12	$803.22	$793.48	$874.88	$912.34	$894.16	$910.68	$982.25
Tangible Book Value per Share	$464.88	$381.13	$386.56	$406.11	$404.48	$473.22	$505.69	$494.68	$504.01	$585.11
Total Capital	5,005	4,501	4,483	4,566	4,504	4,838	4,910	4,868	4,836	5,079
Total Debt	710	726	691	707	762	812	816	835	765	748
Total Long-Term Debt	569	571	568	566	740	745	739	733	731	722
Net Debt	-240	-272	-274	-305	-303	-274	-353	-360	-517	-578
Capital Expenditures (CapEx)	25	21	23	18	20	28	21	18	18	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-141	-122	-133	-115	-205	-213	-196	-177	-327	-231
Debt-free Net Working Capital (DFNWC)	640	690	637	699	668	686	786	833	787	925
Net Working Capital (NWC)	498	534	514	558	646	620	709	731	753	899
Net Nonoperating Expense (NNE)	9.54	-18	-33	-81	-19	-24	-99	37	-21	-499
Net Nonoperating Obligations (NNO)	-232	-272	-267	-297	-295	-274	-345	-353	-510	-578
Total Depreciation and Amortization (D&A)	52	174	51	51	149	51	50	74	45	68
Debt-free, Cash-free Net Working Capital to Revenue	-3.78%	-3.12%	-3.30%	-2.73%	-4.75%	-4.81%	-4.32%	-3.82%	-6.94%	-4.83%
Debt-free Net Working Capital to Revenue	17.19%	17.58%	15.77%	16.58%	15.49%	15.55%	17.33%	18.05%	16.70%	19.32%
Net Working Capital to Revenue	13.38%	13.61%	12.73%	13.23%	14.99%	14.03%	15.63%	15.84%	15.98%	18.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.78	$1.50	$10.91	$25.96	($5.02)	$12.11	$27.87	($4.79)	$16.54	$125.00
Adjusted Weighted Average Basic Shares Outstanding	4.81M	4.82M	4.76M	4.70M	4.60M	4.64M	4.43M	4.40M	4.35M	4.37M
Adjusted Diluted Earnings per Share	$6.76	$1.53	$10.88	$25.89	($5.02)	$12.07	$27.72	($4.79)	$16.42	$124.05
Adjusted Weighted Average Diluted Shares Outstanding	4.82M	4.84M	4.78M	4.71M	4.60M	4.65M	4.46M	4.40M	4.38M	4.41M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.80M	4.79M	4.74M	4.65M	4.54M	4.46M	4.44M	4.40M	4.33M	4.34M
Normalized Net Operating Profit after Tax (NOPAT)	43	52	21	43	29	31	26	37	54	70
Normalized NOPAT Margin	4.28%	4.87%	2.02%	3.93%	2.60%	2.68%	2.28%	3.08%	4.46%	5.61%
Pre Tax Income Margin	4.59%	2.93%	7.00%	15.02%	-1.06%	6.22%	14.65%	-1.24%	9.36%	60.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.35	9.41	2.15	15.48	-0.09	5.84	1.92	0.79	5.79	19.08
NOPAT to Interest Expense	3.75	-0.76	1.42	3.69	-3.39	1.23	1.36	0.20	2.08	1.07
EBIT Less CapEx to Interest Expense	3.19	8.08	0.57	13.93	-1.81	4.74	0.82	0.59	5.09	18.74
NOPAT Less CapEx to Interest Expense	1.59	-2.09	-0.16	2.13	-5.10	0.13	0.26	0.00	1.38	0.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.98%	47.83%	126.10%	15.61%	20.97%	17.13%	12.68%	25.42%	15.06%	4.98%
Augmented Payout Ratio	80.38%	150.89%	448.31%	64.94%	113.34%	110.72%	81.24%	152.02%	84.37%	20.82%

Frequently Asked Questions About Graham's Financials

When does Graham's fiscal year end?

According to the most recent income statement we have on file, Graham's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Graham's net income changed over the last 9 years?

Graham's net income appears to be on an upward trend, with a most recent value of $732.61 million in 2024, falling from -$99.22 million in 2015. The previous period was $211.70 million in 2023.

What is Graham's operating income?

Graham's total operating income in 2024 was $215.50 million, based on the following breakdown:

Total Gross Profit: $1.47 billion
Total Operating Expenses: $1.25 billion

How has Graham revenue changed over the last 9 years?

Over the last 9 years, Graham's total revenue changed from $2.59 billion in 2015 to $4.79 billion in 2024, a change of 85.3%.

How much debt does Graham have?

Graham's total liabilities were at $3.35 billion at the end of 2024, a 5.8% increase from 2023, and a 82.3% increase since 2015.

How much cash does Graham have?

In the past 9 years, Graham's cash and equivalents has ranged from $145.89 million in 2021 to $754.21 million in 2015, and is currently $260.85 million as of their latest financial filing in 2024.

How has Graham's book value per share changed over the last 9 years?

Over the last 9 years, Graham's book value per share changed from 426.46 in 2015 to 982.25 in 2024, a change of 130.3%.

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This page (NYSE:GHC) was last updated on 4/25/2025 by MarketBeat.com Staff

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Graham (GHC) Financials

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Graham (GHC) Financials

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