A Business at a Glance
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GRIFFON CORP
GFF
$4.2B
Mkt Cap
$90.62
+1.92%
GRIFFON CORP (GFF) has a current P/E ratio of 89.7, compared to its historical median P/E of 18.4. The stock is currently considered Expensive based on its historical valuation range.
GRIFFON CORP (GFF) has a 5-year average return on invested capital (ROIC) of 6.0%. This is below average and may indicate limited pricing power.
GRIFFON CORP (GFF) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Yes, GRIFFON CORP (GFF) pays a dividend with a trailing twelve-month yield of 0.90%. The company also returns capital through share buybacks, with a buyback yield of 3.02%.
Based on historical P/E analysis, GRIFFON CORP (GFF) appears expensive. The current P/E of 89.7 is 386% above its historical median of 18.4. The estimated fair value CAGR (P/E method) is 10.3%.
GRIFFON CORP (GFF) operates in the Metal Doors, Sash, Frames, Moldings & Trim industry, within the Industrials sector.
GRIFFON CORP (GFF) reported annual revenue of $2.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Griffon Corporation (the “Company,” “Griffon,” "we," or "us") is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company, founded in 1959, is a Delaware corporation headquartered in New York, N.Y. and is listed on the New York Stock Exchange (NYSE:GFF). Business Strategy Our strategic objective is to maintain leading positions in the markets we serve by providing innovative, branded products with superior quality and industry-leading service. We place emphasis on our iconic and well-respected brands, which helps to differentiate us and our offerings from our competitors and strengthens our relationship with our customers and those who ultimately use our products. Through operating a diverse portfolio of businesses, we expect to reduce variability caused by external factors such as market cyclicality, seasonality, and weather.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.2B | 2.5B | 2.6B | 2.7B | 2.8B | 2.3B |
| Net Income | 7.2M | 51M | 210M | 78M | -192M | 79M |
| EPS | $0.17 | $1.09 | $4.23 | $1.42 | $-3.71 | $1.48 |
| Free Cash Flow | 277M | 305M | 312M | 368M | 17M | 33M |
| ROIC | 1.3% | 8.2% | 17.0% | 7.5% | -9.9% | 7.0% |
| Gross Margin | 43.8% | 42.0% | 38.9% | 35.3% | 32.9% | 28.2% |
| Debt/Equity | 14.85 | 19.09 | 6.78 | 4.66 | 3.30 | 1.30 |
| Dividends/Share | $0.81 | $0.85 | $0.72 | $2.45 | $2.45 | $0.32 |
| Operating Income | 180M | 206M | 398M | 197M | -189M | 171M |
| Operating Margin | 8.4% | 8.2% | 15.2% | 7.3% | -6.6% | 7.5% |
| ROE | 7.6% | 34.2% | 77.7% | 19.6% | -29.8% | 10.5% |
| Shares Outstanding | 46M | 47M | 50M | 55M | 52M | 54M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.0B | 1.5B | 1.5B | 1.5B | 2.0B | 1.9B | 2.1B | 2.3B | 2.8B | 2.7B | 2.6B | 2.5B | 2.2B |
| Gross Margin | 23.1% | 26.5% | 27.1% | 26.8% | 25.9% | 27.6% | 28.3% | 28.2% | 32.9% | 35.3% | 38.9% | 42.0% | 43.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 375M | 325M | 318M | 341M | 419M | 408M | 444M | 471M | 609M | 643M | 622M | 608M | 519M |
| EBIT | 78M | 67M | 82M | 67M | 93M | 109M | 140M | 171M | -189M | 197M | 398M | 206M | 180M |
| Op. Margin | 3.9% | 4.5% | 5.6% | 4.4% | 4.7% | 5.8% | 6.8% | 7.5% | -6.6% | 7.3% | 15.2% | 8.2% | 8.4% |
| Net Income | N/A | 34M | 30M | 15M | 126M | 37M | 53M | 79M | -192M | 78M | 210M | 51M | 7.2M |
| Net Margin | N/A | 2.3% | 2.0% | 1.0% | 6.4% | 2.0% | 2.6% | 3.5% | -6.7% | 2.9% | 8.0% | 2.0% | 0.3% |
| Non-Recurring | 5.9M | 338K | 319K | 126K | -290K | 179K | 14M | 21M | 359M | 164M | 65M | 146M | 146M |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 3.5% | 4.1% | 5.2% | 6.4% | 4.3% | 5.7% | 7.0% | -9.9% | 7.5% | 17.0% | 8.2% | 1.3% |
| ROE | N/A | 7.1% | 7.1% | 3.7% | 28.8% | 7.8% | 9.1% | 10.5% | -29.8% | 19.6% | 77.7% | 34.2% | 7.6% |
| ROA | N/A | 1.9% | 1.7% | 0.8% | 6.3% | 1.8% | 2.4% | 3.1% | -7.1% | 3.0% | 8.8% | 2.3% | 0.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 93M | 32M | 80M | 49M | 58M | 90M | 107M | 70M | 59M | 432M | 380M | 357M | 316M |
| Free Cash Flow | 16M | -14M | 21M | 14M | 8.1M | 55M | 66M | 33M | 17M | 368M | 312M | 305M | 277M |
| Owner Earnings | 14M | -25M | 24M | -6.8M | -17M | 23M | 37M | -2.6M | -39M | 348M | 315M | 292M | 257M |
| CapEx | 77M | 46M | 59M | 35M | 50M | 35M | 41M | 37M | 42M | 64M | 68M | 52M | 39M |
| Maint. CapEx | 67M | 46M | 46M | 48M | 56M | 52M | 52M | 52M | 65M | 43M | 38M | 40M | 32M |
| Growth CapEx | 9.7M | 474K | 13M | 0 | 0 | 0 | 0 | 0 | 0 | 21M | 30M | 13M | 6.6M |
| D&A | 67M | 46M | 46M | 48M | 56M | 52M | 52M | 52M | 65M | 43M | 38M | 40M | 32M |
| CapEx/OCF | 82.6% | 96.7% | 74.0% | 71.1% | 86.2% | 39.8% | 38.2% | 52.9% | 71.7% | 14.7% | 18.0% | 14.7% | 12.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 6.3M | 7.7M | 8.8M | 10M | 50M | 14M | 15M | 17M | 127M | 134M | 36M | 40M | 37M |
| Dividend Yield | 1.4% | 1.5% | 1.7% | 1.5% | 7.7% | 2.5% | 2.1% | 1.6% | 10.9% | 7.3% | 1.2% | 1.2% | 0.9% |
| Share Buybacks | 80M | 82M | 65M | 16M | 46M | 1.5M | 7.5M | 3.4M | 11M | 164M | 310M | 183M | 126M |
| Buyback Yield | 19.3% | 15.5% | 11.8% | 2.3% | 8.4% | 0.2% | 1.0% | 0.3% | 0.8% | 7.5% | 9.1% | 5.2% | 3.0% |
| Stock-Based Comp | 11M | 11M | 10M | 8.1M | 20M | 16M | 18M | 20M | 33M | 41M | 27M | 25M | 27M |
| Debt Repayment | 603M | 188M | 209M | 170M | 301M | 218M | 1.3B | 28M | 511M | 222M | 169M | 179M | 179M |
| Balance Sheet | |||||||||||||
| Net Debt | 707M | 792M | 838M | 931M | 1.1B | 1.0B | 829M | 797M | 1.5B | 1.4B | 1.4B | 1.3B | 1.3B |
| Cash & Equiv. | 92M | 52M | 73M | 48M | 70M | 72M | 218M | 249M | 120M | 103M | 114M | 99M | 110M |
| Long-Term Debt | 791M | 827M | 897M | 968M | 1.1B | 1.1B | 1.0B | 1.0B | 1.6B | 1.5B | 1.5B | 1.4B | 1.4B |
| Debt/Equity | 1.50 | 1.96 | 2.22 | 2.46 | 2.36 | 2.31 | 1.50 | 1.30 | 3.30 | 4.66 | 6.78 | 19.09 | 14.85 |
| Interest Coverage | 1.6 | 1.4 | 1.6 | 1.3 | 1.4 | 1.6 | 2.1 | 2.7 | -2.2 | 1.9 | 3.8 | 2.1 | 2.0 |
| Equity | 532M | 431M | 411M | 399M | 474M | 478M | 700M | 807M | 478M | 315M | 225M | 74M | 94M |
| Total Assets | 1.8B | 1.7B | 1.8B | 1.9B | 2.1B | 2.1B | 2.4B | 2.6B | 2.8B | 2.4B | 2.4B | 2.1B | 2.1B |
| Total Liabilities | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.6B | 1.7B | 1.8B | 2.3B | 2.1B | 2.1B | 2.0B | 2.0B |
| Intangibles | 234M | 214M | 198M | 205M | 371M | 357M | 354M | 350M | 762M | 635M | 619M | 488M | 350M |
| Retained Earnings | 428M | 455M | 476M | 480M | 551M | 569M | 608M | 670M | 344M | 282M | 461M | 479M | 479M |
| Working Capital | 482M | 421M | 463M | 727M | 520M | 535M | 664M | 837M | 791M | 621M | 580M | 556M | 800M |
| Current Assets | 815M | 741M | 781M | 1.1B | 913M | 925M | 1.1B | 1.4B | 1.2B | 981M | 929M | 891M | 1.2B |
| Current Liabilities | 333M | 320M | 318M | 371M | 393M | 390M | 442M | 532M | 424M | 359M | 349M | 335M | 430M |
| Per Share Data | |||||||||||||
| EPS | 0.00 | 0.73 | 0.68 | 0.35 | 2.96 | 0.87 | 1.19 | 1.48 | -3.71 | 1.42 | 4.23 | 1.09 | 0.17 |
| Owner EPS | 0.27 | -0.53 | 0.54 | -0.16 | -0.41 | 0.53 | 0.83 | -0.05 | -0.75 | 6.36 | 6.35 | 6.23 | 5.57 |
| Book Value | 10.10 | 9.17 | 9.31 | 9.36 | 11.17 | 11.15 | 15.59 | 15.08 | 9.25 | 5.77 | 4.53 | 1.58 | 2.05 |
| Cash Flow/Share | 1.77 | 0.68 | 1.82 | 1.15 | 1.37 | 2.11 | 2.38 | 1.30 | 1.15 | 7.90 | 7.66 | 7.62 | 0.86 |
| Dividends/Share | 0.12 | 0.16 | 0.20 | 0.24 | 1.17 | 0.29 | 0.30 | 0.32 | 2.45 | 2.45 | 0.72 | 0.85 | 0.81 |
| Shares Out. | 52.7M | 47.0M | 44.1M | 42.6M | 42.5M | 42.9M | 44.9M | 53.5M | 51.6M | 54.7M | 49.6M | 46.9M | 46.1M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 15.5 | 18.4 | 46.8 | 4.3 | 18.9 | 13.8 | 13.8 | N/A | 28.0 | 16.2 | 69.0 | 542.9 |
| P/FCF | 27.8 | N/A | 26.6 | 49.1 | 67.2 | 12.7 | 11.3 | 33.1 | 82.4 | 5.9 | 10.9 | 11.6 | 15.1 |
| EV/EBIT | 13.2 | 12.7 | 16.2 | 23.1 | 16.6 | 12.3 | 9.8 | 9.7 | N/A | 17.5 | 11.8 | 23.0 | 30.4 |
| Price/Book | 0.8 | 1.2 | 1.3 | 1.8 | 1.1 | 1.5 | 1.1 | 1.3 | 2.9 | 6.9 | 15.1 | 47.7 | 44.2 |
| Price/Sales | 0.2 | 0.3 | 0.4 | 0.5 | 0.3 | 0.2 | 0.3 | 0.5 | 0.4 | 0.7 | 1.1 | 1.3 | 1.9 |
| FCF Yield | 3.9% | -2.7% | 3.8% | 2.0% | 1.5% | 7.9% | 8.9% | 3.0% | 1.2% | 16.9% | 9.2% | 8.7% | 6.6% |
| Market Cap | 412M | 532M | 554M | 698M | 542M | 705M | 740M | 1.1B | 1.4B | 2.2B | 3.4B | 3.5B | 4.2B |
| Avg. Price | 8.68 | 10.85 | 11.96 | 16.28 | 15.27 | 12.72 | 15.40 | 19.89 | 22.48 | 33.62 | 60.16 | 72.51 | 90.62 |
| Year-End Price | 8.55 | 11.32 | 12.54 | 16.39 | 12.75 | 16.44 | 16.48 | 20.35 | 26.72 | 39.82 | 68.44 | 75.19 | 90.62 |
GRIFFON CORP passes 3 of 9 quality checks, indicating weak fundamentals.
GRIFFON CORP trades at 89.7x trailing earnings, compared to its 15-year median P/E of 18.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.1x vs a median of 19.6x. The company's 5-year average ROIC is 6.0% with a gross margin of 35.5%. Total shareholder yield (dividends + buybacks) is 3.9%. At current prices, the estimated annualized return to fair value is +46.3%.
GRIFFON CORP (GFF) has a net profit margin of 2.0%. This is a modest margin.
GRIFFON CORP (GFF) generated $305 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GRIFFON CORP (GFF) has a debt-to-equity ratio of 19.09. This indicates higher leverage, which may increase financial risk.
GRIFFON CORP (GFF) reported earnings per share (EPS) of $1.09 in its most recent fiscal year.
GRIFFON CORP (GFF) has a return on equity (ROE) of 34.2%. This indicates the company generates strong returns for shareholders.
GRIFFON CORP (GFF) has a 5-year average gross margin of 35.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for GRIFFON CORP (GFF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GRIFFON CORP (GFF) has a book value per share of $1.58, based on its most recent annual SEC filing.
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