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Griffon Corporation

GFF
42
Conglomerates · Industrials
Price
$91.47
-2.14 (-2.29%)
Market Cap
$4.20B
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Share count falling — buybacks

12.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 53.4M (2021) → 46.7M (2025)

Griffon Corporation is a holding company that owns businesses making everyday products for homes and construction. Its two main segments are Home and Building Products, which makes garage doors under the Clopay brand, and Consumer and Professional Products, which sells tools like rakes, shovels, and storage solutions under brands such as AMES and ClosetMaid. Clopay is the largest residential garage door brand in North America.

Griffon earns money by selling these physical products to home improvement retailers, contractors, and distributors across the United States, Canada, and Australia. The company has a strong position in garage doors because manufacturing and distribution are hard to replicate quickly, giving it some pricing power. The main risk is that Griffon's sales are tied closely to housing market activity — when fewer homes are built or renovated, demand for garage doors and home tools tends to fall, which could pressure revenue and margins.

Winston Score History

Politician Trades

1 trades / 12mo

1 Congressional buy and 0 sells on GFF in the last 12 months.

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Score breakdown

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Quality

Gross Margin
45.5%
Healthy — 45.5% gross margin
Operating Margin
20.7%
Excellent — 20.7% operating margin
ROCE
5.8%
Weak — 5.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY
-12.2%
Shrinking sales (-12.2% YoY)
EPS YoY
-89.8%
Earnings shrinking (-89.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
1060%
Turns 1060% of profit into real cash
FCF Margin
8.3%
Modest free cash flow (8.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
15.03
Heavy debt load (15.03)
Interest Cover
1.97x
Dangerous — barely covers interest (2.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)
179.4x
Expensive — P/E 179.4

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward
+162.4
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (179.4 → 16.9)

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Dividends

Dividend Yield
0.86%
Small dividend — 0.86% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+21.7%
Dividend growing fast (21.7% YoY)

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