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Side-by-side financial comparison of GRAHAM CORP (GHM) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $36.5M, roughly 1.6× SmartRent, Inc.). GRAHAM CORP runs the higher net margin — 5.0% vs -8.9%, a 13.9% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
GHM vs SMRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.7M | $36.5M |
| Net Profit | $2.8M | $-3.2M |
| Gross Margin | 23.8% | 38.6% |
| Operating Margin | 5.5% | -10.9% |
| Net Margin | 5.0% | -8.9% |
| Revenue YoY | 20.5% | 3.1% |
| Net Profit YoY | 79.2% | 71.6% |
| EPS (diluted) | $0.25 | $-0.02 |
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.
| Q4 25 | $56.7M | $36.5M | ||
| Q3 25 | $66.0M | $36.2M | ||
| Q2 25 | $55.5M | $38.3M | ||
| Q1 25 | $59.3M | $41.3M | ||
| Q4 24 | $47.0M | $35.4M | ||
| Q3 24 | $53.6M | $40.5M | ||
| Q2 24 | $50.0M | $48.5M | ||
| Q1 24 | $49.1M | $50.5M |
| Q4 25 | $2.8M | $-3.2M | ||
| Q3 25 | $3.1M | $-6.3M | ||
| Q2 25 | $4.6M | $-10.9M | ||
| Q1 25 | $4.4M | $-40.2M | ||
| Q4 24 | $1.6M | $-11.4M | ||
| Q3 24 | $3.3M | $-9.9M | ||
| Q2 24 | $3.0M | $-4.6M | ||
| Q1 24 | $1.3M | $-7.7M |
| Q4 25 | 23.8% | 38.6% | ||
| Q3 25 | 21.7% | 26.4% | ||
| Q2 25 | 26.5% | 33.1% | ||
| Q1 25 | 27.0% | 32.8% | ||
| Q4 24 | 24.8% | 28.7% | ||
| Q3 24 | 23.9% | 33.2% | ||
| Q2 24 | 24.8% | 35.7% | ||
| Q1 24 | 25.9% | 38.5% |
| Q4 25 | 5.5% | -10.9% | ||
| Q3 25 | 6.5% | -19.4% | ||
| Q2 25 | 8.9% | -30.5% | ||
| Q1 25 | 9.3% | -99.9% | ||
| Q4 24 | 4.7% | -36.6% | ||
| Q3 24 | 7.9% | -29.0% | ||
| Q2 24 | 6.5% | -14.3% | ||
| Q1 24 | 3.1% | -20.1% |
| Q4 25 | 5.0% | -8.9% | ||
| Q3 25 | 4.7% | -17.3% | ||
| Q2 25 | 8.3% | -28.3% | ||
| Q1 25 | 7.4% | -97.2% | ||
| Q4 24 | 3.4% | -32.3% | ||
| Q3 24 | 6.1% | -24.5% | ||
| Q2 24 | 5.9% | -9.5% | ||
| Q1 24 | 2.7% | -15.2% |
| Q4 25 | $0.25 | $-0.02 | ||
| Q3 25 | $0.28 | $-0.03 | ||
| Q2 25 | $0.42 | $-0.06 | ||
| Q1 25 | $0.40 | $-0.21 | ||
| Q4 24 | $0.14 | $-0.06 | ||
| Q3 24 | $0.30 | $-0.05 | ||
| Q2 24 | $0.27 | $-0.02 | ||
| Q1 24 | $0.11 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.3M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $131.3M | $232.1M |
| Total Assets | $292.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.3M | $104.5M | ||
| Q3 25 | $20.6M | $100.0M | ||
| Q2 25 | $10.8M | $105.0M | ||
| Q1 25 | $21.6M | $125.6M | ||
| Q4 24 | $30.0M | $142.5M | ||
| Q3 24 | $32.3M | $163.4M | ||
| Q2 24 | $21.6M | $187.4M | ||
| Q1 24 | $16.9M | $204.7M |
| Q4 25 | $131.3M | $232.1M | ||
| Q3 25 | $127.6M | $234.4M | ||
| Q2 25 | $123.4M | $238.8M | ||
| Q1 25 | $119.6M | $250.7M | ||
| Q4 24 | $114.4M | $289.4M | ||
| Q3 24 | $112.5M | $305.1M | ||
| Q2 24 | $108.2M | $329.4M | ||
| Q1 24 | $105.6M | $333.1M |
| Q4 25 | $292.9M | $320.9M | ||
| Q3 25 | $287.0M | $335.8M | ||
| Q2 25 | $252.3M | $354.0M | ||
| Q1 25 | $264.1M | $366.1M | ||
| Q4 24 | $264.3M | $420.2M | ||
| Q3 24 | $249.5M | $448.6M | ||
| Q2 24 | $244.2M | $475.3M | ||
| Q1 24 | $233.9M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $2.4M | $7.7M |
| FCF MarginFCF / Revenue | 4.3% | 21.0% |
| Capex IntensityCapex / Revenue | 4.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-6.1M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8M | $7.7M | ||
| Q3 25 | $13.6M | $-2.1M | ||
| Q2 25 | $-2.3M | $-14.9M | ||
| Q1 25 | $-3.6M | $-12.2M | ||
| Q4 24 | $5.2M | $-12.0M | ||
| Q3 24 | $13.9M | $-3.7M | ||
| Q2 24 | $8.7M | $-13.9M | ||
| Q1 24 | $8.6M | $-3.3M |
| Q4 25 | $2.4M | $7.7M | ||
| Q3 25 | $9.4M | $-2.2M | ||
| Q2 25 | $-9.3M | $-16.2M | ||
| Q1 25 | $-8.7M | $-14.3M | ||
| Q4 24 | $-2.1M | $-13.3M | ||
| Q3 24 | $10.4M | $-3.9M | ||
| Q2 24 | $5.7M | $-14.1M | ||
| Q1 24 | $4.6M | $-3.4M |
| Q4 25 | 4.3% | 21.0% | ||
| Q3 25 | 14.3% | -6.1% | ||
| Q2 25 | -16.7% | -42.3% | ||
| Q1 25 | -14.7% | -34.7% | ||
| Q4 24 | -4.5% | -37.5% | ||
| Q3 24 | 19.5% | -9.7% | ||
| Q2 24 | 11.5% | -29.1% | ||
| Q1 24 | 9.4% | -6.7% |
| Q4 25 | 4.1% | 0.0% | ||
| Q3 25 | 6.3% | 0.2% | ||
| Q2 25 | 12.6% | 3.3% | ||
| Q1 25 | 8.7% | 5.3% | ||
| Q4 24 | 15.6% | 3.5% | ||
| Q3 24 | 6.5% | 0.6% | ||
| Q2 24 | 6.0% | 0.5% | ||
| Q1 24 | 8.2% | 0.1% |
| Q4 25 | 1.67× | — | ||
| Q3 25 | 4.40× | — | ||
| Q2 25 | -0.49× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 3.29× | — | ||
| Q3 24 | 4.25× | — | ||
| Q2 24 | 2.94× | — | ||
| Q1 24 | 6.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
