Griffon Corporation, through its subsidiaries, provides home and building, and consumer and professional products in the United States, Europe, Canada, Australia, and internationally. The Home and Building Products segment manufactures and markets residential and sectional commercial garage doors, rolling steel service doors, fire doors, shutters, steel security grilles, and room dividers. This segment also sells garage door openers. Its Consumer and Professional Products segment manufactures and markets long-handled engineered tools, including shovels, spades, scoops, rakes, hoes, cultivators, weeders, post hole diggers, scrapers, edgers, and forks; wheelbarrows and lawn carts; snow tools comprising pushers, roof rakes, sled sleigh shovels, and ice scrapers; and pruning products, such as pruners, loppers, shears, and other tools. This segment also offers striking tools, including axes, picks, mattocks, mauls, wood splitters, sledgehammers, pry bars, and repair handles; hand tools comprising hammers, screwdrivers, pliers, adjustable wrenches, handsaws, tape measures, levels, clamps, trowels, and other hand tools; indoor and outdoor planters and lawn accessories; and garden hoses and hose reels. In addition, this segment provides home organization products, including wire and wood shelving, containers, storage cabinets, and other closet and home organization accessories; residential, industrial, and commercial fans; and cleaning products, such as brooms, brushes, squeegees, and other cleaning products. It serves independent professional installing dealers and home center retail chains; and industrial distributors, homebuilders, and e-commerce platforms, as well as mass market, specialty, and hardware retailers. The company was formerly known as Instrument Systems Corporation and changed its name to Griffon Corporation in 1995. Griffon Corporation was incorporated in 1959 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.5B | $286M | $51M | $304M | 69.1% | -3.9% | -75.6% |
| 2024 | $2.6B | $461M | $210M | $309M | 93.3% | -2.3% | 170.4% |
| 2023 | $2.7B | $280M | $78M | $365M | 24.6% | -5.7% | -140.5% |
| 2022 | $2.8B | $-122M | $-192M | $27M | -40.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,848.49 | 2,685.18 | 2,623.52 | 2,519.93 |
| Operating Revenue | - | 2,848.49 | 2,685.18 | 2,623.52 | 2,519.93 |
| Cost Of Revenue | - | 1,911.60 | 1,736.36 | 1,603.58 | 1,461.92 |
| Gross Profit | - | 936.89 | 948.82 | 1,019.94 | 1,058.01 |
| Operating Expense | - | 608.93 | 642.73 | 621.64 | 608.12 |
| Selling General And Administration | - | 608.93 | 642.73 | 621.64 | 608.12 |
| Total Expenses | - | 2,520.53 | 2,379.10 | 2,225.22 | 2,070.04 |
| Operating Income | - | 327.96 | 306.09 | 398.30 | 449.89 |
| Total Operating Income As Reported | - | -189.07 | 196.89 | 398.30 | 206.28 |
| EBITDA | - | -121.84 | 279.57 | 461.44 | 286.40 |
| Normalized EBITDA | - | 399.63 | 375.78 | 463.39 | 522.20 |
| EBIT | - | -186.50 | 214.13 | 400.74 | 223.38 |
| Interest Income | - | 0.22 | 2.09 | 2.43 | 2.15 |
| Interest Expense | - | 84.38 | 101.44 | 104.09 | 96.01 |
| Net Interest Income | - | -84.16 | -99.35 | -101.65 | -93.86 |
| Other Non Operating Income Expenses | - | 6.80 | 2.16 | 1.95 | 7.15 |
| Other Income Expense | - | -514.67 | -94.05 | 0 | -228.66 |
| Interest Income Non Operating | - | 0.22 | 2.09 | 2.43 | 2.15 |
| Interest Expense Non Operating | - | 84.38 | 101.44 | 104.09 | 96.01 |
| Net Non Operating Interest Income Expense | - | -84.16 | -99.35 | -101.65 | -93.86 |
| Pretax Income | - | -270.88 | 112.68 | 296.65 | 127.37 |
| Tax Provision | - | 16.84 | 35.06 | 86.75 | 76.26 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -109.51 | -29.92 | -0.57 | -49.52 |
| Net Income Continuous Operations | - | -287.71 | 77.62 | 209.90 | 51.11 |
| Net Income From Continuing And Discontinued Operation | - | -191.56 | 77.62 | 209.90 | 51.11 |
| Net Income From Continuing Operation Net Minority Interest | - | -287.71 | 77.62 | 209.90 | 51.11 |
| Net Income | - | -191.56 | 77.62 | 209.90 | 51.11 |
| Net Income Common Stockholders | - | -191.56 | 77.62 | 209.90 | 51.11 |
| Net Income Including Noncontrolling Interests | - | -191.56 | 77.62 | 209.90 | 51.11 |
| Normalized Income | - | 124.25 | 143.91 | 211.27 | 237.40 |
| Diluted NI Availto Com Stockholders | - | -191.56 | 77.62 | 209.90 | 51.11 |
| Basic Average Shares | - | 51.67 | 52.11 | 47.57 | 45.35 |
| Diluted Average Shares | - | 51.67 | 54.61 | 49.67 | 46.68 |
| Reconciled Depreciation | - | 64.66 | 65.44 | 60.70 | 63.01 |
| Reconciled Cost Of Revenue | - | 1,911.60 | 1,736.36 | 1,603.58 | 1,461.92 |
| Total Unusual Items | - | -521.48 | -96.21 | -1.95 | -235.81 |
| Total Unusual Items Excluding Goodwill | - | -521.48 | -96.21 | -1.95 | -235.81 |
| Net Income Discontinuous Operations | 8.91 | 96.16 | 0 | 0 | - |
| Special Income Charges | - | -521.56 | -109.64 | -1.70 | -243.61 |
| Other Special Charges | - | 4.53 | 0.44 | 1.70 | - |
| Impairment Of Capital Assets | - | 517.03 | 109.20 | 0 | 243.61 |
| Gain On Sale Of Security | - | 0.08 | 13.43 | -0.25 | 7.80 |
| General And Administrative Expense | 470.53 | 608.93 | 642.73 | - | - |
| Other Gand A | 470.53 | 608.93 | 642.73 | - | - |
| Gain On Sale Of Ppe | 0 | 0 | 12.66 | -0.06 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Griffon Corporationthis co. | GFF | $3.9B | 77.09β premium | 53.26 | 69.1% | 18.97 |
| Franklin Electric Co., Inc. | FELE | $4.3B | 29.58 | 3.28 | 11.1% | 16.66 |
| Brady Corporation | BRC | $4.2B | 22.18 | 3.52 | 15.9% | 14.80 |
| AZZ Inc. | AZZ | $4.2B | 13.10 | 3.11 | 23.7% | 8.29 |
| Mueller Water Products, Inc. | MWA | $3.9B | 20.48 |
| - |
| - |
| - |
| - |
| - |
| 4.00 |
| 19.5% |
| 12.33 |
| Korn Ferry | KFY | $3.7B | 14.92 | 1.97 | 13.2% | 7.26 |
| Otter Tail Corporation | OTTR | $3.6B | 13.16 | 1.95 | 14.8% | 8.92 |
| Standex International Corporation | SXI | $3.6B | 64.67 | 5.07 | 7.8% | 32.03 |
| Kadant Inc. | KAI | $3.6B | 35.19 | 3.66 | 10.4% | 18.27 |
| Peer Median | - | 21.33 | 3.40 | 14.0% | 13.57 | |