Griffon (GFF) financial statements
Griffon reported revenue of $2.5B in fiscal 2025, up 6.1% a year over 9 years.
Net income was $51M and the operating margin 8.2%, against 5.6% in 2016.
Free cash flow was $305M, and the company returned $40M in dividends and $183M in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Griffon's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B | $1.5B | $2.0B | $1.9B | $2.1B | $2.3B | $2.8B | $2.7B | $2.6B | $2.5B |
| Cost of revenue | $1.1B | $1.1B | $1.5B | $1.4B | $1.5B | $1.6B | $1.9B | $1.7B | $1.6B | $1.5B |
| Gross profit | $401M | $408M | $511M | $517M | $584M | $641M | $937M | $949M | $1.0B | $1.1B |
| Selling, general and admin | $318M | $341M | $419M | $408M | $444M | $471M | $609M | $643M | $622M | $608M |
| Operating income | $82M | $67M | $93M | $109M | $140M | $171M | -$189M | $197M | $398M | $206M |
| Interest expense | $50M | $52M | $66M | $68M | $67M | $63M | $84M | $101M | $104M | $96M |
| Pre-tax income | $32M | $17M | $34M | $46M | $67M | $110M | -$271M | $113M | $297M | $127M |
| Income tax | $12M | -$1M | $555,000 | $21M | $26M | $40M | $17M | $35M | $87M | $76M |
| Net income | $30M | $15M | $126M | $37M | $53M | $79M | -$192M | $78M | $210M | $51M |
| EPS (diluted) | $0.68 | $0.35 | $2.96 | $0.87 | $1.19 | $1.48 | -$3.71 | $1.42 | $4.23 | $1.09 |
| Diluted shares | 44M | 43M | 42M | 43M | 45M | 53M | 52M | 55M | 50M | 47M |
| Gross margin | 27.1% | 26.8% | 25.9% | 27.6% | 28.3% | 28.2% | 32.9% | 35.3% | 38.9% | 42.0% |
| Operating margin | 5.6% | 4.4% | 4.7% | 5.8% | 6.8% | 7.5% | -6.6% | 7.3% | 15.2% | 8.2% |
| Net margin | 2.0% | 1.0% | 6.4% | 2.0% | 2.6% | 3.5% | -6.7% | 2.9% | 8.0% | 2.0% |
Balance sheet
Fiscal years, from Griffon's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $73M | $48M | $70M | $72M | $218M | $249M | $120M | $103M | $114M | $99M |
| Receivables | $184M | $208M | $281M | $264M | $278M | $295M | $362M | $312M | $313M | $197M |
| Inventory | $261M | $299M | $398M | $442M | $320M | $473M | $669M | $507M | $425M | $172M |
| Total current assets | $781M | $1.1B | $913M | $925M | $1.1B | $1.4B | $1.2B | $981M | $929M | $1.2B |
| Property, plant and equipment | $237M | $232M | $342M | $337M | $297M | $290M | $295M | $279M | $288M | $196M |
| Goodwill | $306M | $319M | $439M | $419M | $424M | $426M | $336M | $328M | $329M | $191M |
| Total assets | $1.8B | $1.9B | $2.1B | $2.1B | $2.4B | $2.6B | $2.8B | $2.4B | $2.4B | $2.1B |
| Total current liabilities | $318M | $371M | $393M | $390M | $442M | $532M | $424M | $359M | $349M | $446M |
| Long-term debt | $897M | $968M | $1.1B | $1.1B | $1.0B | $1.0B | $1.6B | $1.5B | $1.5B | $1.4B |
| Total liabilities | $1.4B | $1.5B | $1.6B | $1.6B | $1.7B | $1.8B | $2.3B | $2.1B | $2.1B | $2.0B |
| Shareholders' equity | $411M | $399M | $474M | $478M | $700M | $807M | $478M | $315M | $225M | $74M |
| Net debt | $838M | $931M | $1.1B | $1.0B | $829M | $797M | $1.5B | $1.4B | $1.4B | $1.3B |
Cash flow
Fiscal years, from Griffon's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80M | $49M | $58M | $90M | $107M | $70M | $59M | $432M | $380M | $357M |
| Capital spending | $59M | $35M | $50M | $35M | $41M | $37M | $42M | $64M | $68M | $52M |
| Free cash flow | $21M | $14M | $8M | $55M | $66M | $33M | $17M | $368M | $312M | $305M |
| Stock-based compensation | $10M | $8M | $20M | $16M | $18M | $20M | $33M | $41M | $27M | $25M |
| Dividends paid | $9M | $10M | $50M | $14M | $15M | $17M | $127M | $134M | $36M | $40M |
| Share buybacks (net) | -$65M | -$16M | -$46M | -$1M | -$7M | -$3M | -$11M | -$164M | -$310M | -$183M |
| Net borrowing | $94M | $63M | $142M | -$17M | -$69M | -$7M | $548M | -$99M | $48M | -$116M |
| Free cash flow margin | 1.4% | 0.9% | 0.4% | 3.0% | 3.2% | 1.4% | 0.6% | 13.7% | 11.9% | 12.1% |
| Dividends per share | $0.20 | $0.24 | $1.17 | $0.32 | $0.32 | $0.32 | $2.45 | $2.45 | $0.72 | $0.85 |
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Open GFF in InvestinglyQuestions
What was Griffon's revenue in 2025?
$2.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Griffon generate?
$305M in fiscal 2025 (operating cash flow minus capital spending).
From Griffon's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.