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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $56.7M, roughly 1.8× GRAHAM CORP). GRAHAM CORP runs the higher net margin — 5.0% vs -1.4%, a 6.4% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 7.5%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
GDYN vs GHM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $56.7M |
| Net Profit | $-1.5M | $2.8M |
| Gross Margin | 34.8% | 23.8% |
| Operating Margin | 61.7% | 5.5% |
| Net Margin | -1.4% | 5.0% |
| Revenue YoY | 3.7% | 20.5% |
| Net Profit YoY | -150.6% | 79.2% |
| EPS (diluted) | $-0.02 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $104.1M | — | ||
| Q4 25 | $106.2M | $56.7M | ||
| Q3 25 | $104.2M | $66.0M | ||
| Q2 25 | $101.1M | $55.5M | ||
| Q1 25 | $100.4M | $59.3M | ||
| Q4 24 | $100.3M | $47.0M | ||
| Q3 24 | $87.4M | $53.6M | ||
| Q2 24 | $83.0M | $50.0M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $2.8M | ||
| Q3 25 | $1.2M | $3.1M | ||
| Q2 25 | $5.3M | $4.6M | ||
| Q1 25 | $2.9M | $4.4M | ||
| Q4 24 | $4.5M | $1.6M | ||
| Q3 24 | $4.3M | $3.3M | ||
| Q2 24 | $-817.0K | $3.0M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 23.8% | ||
| Q3 25 | 33.3% | 21.7% | ||
| Q2 25 | 34.1% | 26.5% | ||
| Q1 25 | 36.8% | 27.0% | ||
| Q4 24 | 36.9% | 24.8% | ||
| Q3 24 | 37.4% | 23.9% | ||
| Q2 24 | 35.6% | 24.8% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | 5.5% | ||
| Q3 25 | -0.2% | 6.5% | ||
| Q2 25 | -0.1% | 8.9% | ||
| Q1 25 | -2.0% | 9.3% | ||
| Q4 24 | 1.3% | 4.7% | ||
| Q3 24 | 2.4% | 7.9% | ||
| Q2 24 | 0.0% | 6.5% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 5.0% | ||
| Q3 25 | 1.1% | 4.7% | ||
| Q2 25 | 5.2% | 8.3% | ||
| Q1 25 | 2.9% | 7.4% | ||
| Q4 24 | 4.5% | 3.4% | ||
| Q3 24 | 4.9% | 6.1% | ||
| Q2 24 | -1.0% | 5.9% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.25 | ||
| Q3 25 | $0.01 | $0.28 | ||
| Q2 25 | $0.06 | $0.42 | ||
| Q1 25 | $0.03 | $0.40 | ||
| Q4 24 | $0.06 | $0.14 | ||
| Q3 24 | $0.05 | $0.30 | ||
| Q2 24 | $-0.01 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.5M | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $131.3M |
| Total Assets | $605.0M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $22.3M | ||
| Q3 25 | $338.6M | $20.6M | ||
| Q2 25 | $336.8M | $10.8M | ||
| Q1 25 | $325.5M | $21.6M | ||
| Q4 24 | $334.7M | $30.0M | ||
| Q3 24 | $231.3M | $32.3M | ||
| Q2 24 | $256.0M | $21.6M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $131.3M | ||
| Q3 25 | $537.7M | $127.6M | ||
| Q2 25 | $532.2M | $123.4M | ||
| Q1 25 | $517.4M | $119.6M | ||
| Q4 24 | $517.8M | $114.4M | ||
| Q3 24 | $400.2M | $112.5M | ||
| Q2 24 | $388.4M | $108.2M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $292.9M | ||
| Q3 25 | $613.2M | $287.0M | ||
| Q2 25 | $608.9M | $252.3M | ||
| Q1 25 | $590.9M | $264.1M | ||
| Q4 24 | $592.2M | $264.3M | ||
| Q3 24 | $477.3M | $249.5M | ||
| Q2 24 | $443.6M | $244.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $4.8M |
| Free Cash FlowOCF − Capex | — | $2.4M |
| FCF MarginFCF / Revenue | — | 4.3% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $4.8M | ||
| Q3 25 | $7.0M | $13.6M | ||
| Q2 25 | $14.4M | $-2.3M | ||
| Q1 25 | $9.4M | $-3.6M | ||
| Q4 24 | $7.1M | $5.2M | ||
| Q3 24 | $9.2M | $13.9M | ||
| Q2 24 | $10.7M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $2.4M | ||
| Q3 25 | $2.9M | $9.4M | ||
| Q2 25 | $10.2M | $-9.3M | ||
| Q1 25 | $6.0M | $-8.7M | ||
| Q4 24 | $4.4M | $-2.1M | ||
| Q3 24 | $5.9M | $10.4M | ||
| Q2 24 | $8.0M | $5.7M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 4.3% | ||
| Q3 25 | 2.8% | 14.3% | ||
| Q2 25 | 10.1% | -16.7% | ||
| Q1 25 | 6.0% | -14.7% | ||
| Q4 24 | 4.4% | -4.5% | ||
| Q3 24 | 6.8% | 19.5% | ||
| Q2 24 | 9.7% | 11.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 4.1% | ||
| Q3 25 | 3.9% | 6.3% | ||
| Q2 25 | 4.1% | 12.6% | ||
| Q1 25 | 3.3% | 8.7% | ||
| Q4 24 | 2.6% | 15.6% | ||
| Q3 24 | 3.7% | 6.5% | ||
| Q2 24 | 3.2% | 6.0% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 1.67× | ||
| Q3 25 | 5.92× | 4.40× | ||
| Q2 25 | 2.73× | -0.49× | ||
| Q1 25 | 3.21× | -0.81× | ||
| Q4 24 | 1.56× | 3.29× | ||
| Q3 24 | 2.15× | 4.25× | ||
| Q2 24 | — | 2.94× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
