Graham (GHM) Gross Margin (2010 - 2025)
Graham (GHM) reported Gross Margin of 23.75% for Q4 2025, down 109.0% on a YoY basis from 263.94% in Q4 2024, and up 9.63% quarter-over-quarter from 21.67% in Q3 2025.
Graham (GHM) Gross Margin (2010 - 2025) Analysis & Trends
Graham has reported Gross Margin for 16 years, with the latest figure at 23.75% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 109.0% year-over-year to 23.75%; the trailing twelve-month figure through Dec 2025 stood at 24.63% (down 19.0% YoY), and the FY2025 full-year result was 25.18%, up 331.0% from the prior year.
- Gross Margin for Q4 2025 stood at 23.75%, up from 21.67% in the prior quarter.
- The five-year high for Gross Margin was 26.97% in Q1 2025, with the low at 1.95% in Q4 2021.
- Historically, Gross Margin has averaged 18.54% across 5 years, with a median of 20.54% in 2021.
- Annual changes were most pronounced in 2021 — Gross Margin slumped 2098 bps — and 2022, when it jumped 1416 bps.
- Graham's Gross Margin stood at 1.95% in 2021, then jumped by 701 bps to 15.62% in 2022, then jumped by 42 bps to 22.19% in 2023, then grew by 12 bps to 24.84% in 2024, then fell by 4 bps to 23.75% in 2025.
- The last three Gross Margin figures came in at 23.75% (Q4 2025), 21.67% (Q3 2025), and 26.53% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 19.07% |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 35.59% |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 36.77% |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 26.71% |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 53.09% |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | 43.82% |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 37.21% |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 50.25% |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 38.86% |
| 10 | Graham | 1.18 Bn | 1.15 Bn | 13.47 Mn | 23.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 23.75% |
| Sep 30, 2025 | 21.67% |
| Jun 30, 2025 | 26.53% |
| Mar 31, 2025 | 26.97% |
| Dec 31, 2024 | 24.84% |
| Sep 30, 2024 | 23.90% |
| Jun 30, 2024 | 24.76% |
| Mar 31, 2024 | 25.87% |
| Dec 31, 2023 | 22.19% |
| Sep 30, 2023 | 15.95% |
| Jun 30, 2023 | 23.08% |
| Mar 31, 2023 | 16.63% |
| Dec 31, 2022 | 15.62% |
| Sep 30, 2022 | 13.84% |
| Jun 30, 2022 | 18.69% |
| Mar 31, 2022 | 10.60% |
| Dec 31, 2021 | 1.95% |
| Sep 30, 2021 | 10.08% |
| Jun 30, 2021 | 4.53% |
| Mar 31, 2021 | 19.40% |