Graham Corporation — Earnings Quality Grade C
GHM · Industrials
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 62 days, change -26 days YoY
AR growth -20.0% vs revenue growth 13.1%
Revenue grew 13.1% but CFFO declined -13.5%
Small-cap context: Small-cap revenue/CFFO ratio is sensitive to growth-stage working-capital draws.
Expense Quality
Inventory 19.8% vs COGS 8.3%. Normal
CapEx growth 105.5% is >2x revenue growth 13.1%
SG&A/Gross Profit = 70.3%, exceeds 70%
Gross margin 25.2%, change +3.3pp. Stable
Cash Flow Quality
CFFO/NI = 1.99. Profits backed by cash
FCF $0.0B, FCF/NI = 0.44
Accruals ratio = -4.6%. Low accruals
Cash $0.0B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 47% of equity
Debt/EBITDA = 0.3x. Healthy
Other assets grew 232.0% vs revenue 13.1%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -4% YoY. Normal
Manipulation Score
M-Score = -2.95 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25