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Covista vs Graham: revenue, profit, margins and growth compared

Covista brought in $2B of revenue in fiscal 2026, Graham $4.9B in fiscal 2025. Revenue changed by +9.3% at Covista and +2.5% at Graham on the year before, so Covista grew faster. Covista kept 12.9% of its revenue as net profit, Graham 6.0%. Free cash flow was $392.7M at Covista and $275.3M at Graham.

Side by side, latest fiscal year

CVSAGHC
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$2B$4.9B
Revenue growth+9.3%+2.5%
Net income$251.6M$292.3M
Net margin12.9%6.0%
Free cash flow$392.7M$275.3M
Free cash flow margin20.1%5.6%
Earnings per share (diluted)$7.04$66.47
Cash$406.3M$267M
Debt$662.9M$880.8M
Price to earnings17.117.4
Market value$4.1B$4.9B
Dividend yieldn/a0.62%
Rank by revenue in sector#34 of 162 · Real estate#12 of 162 · Real estate

Over the years

Revenue
CVSA FY2019: $1BCVSA FY2020: $866.4MCVSA FY2021: $899.2MCVSA FY2022: $1.4BCVSA FY2023: $1.5BCVSA FY2024: $1.6BCVSA FY2025: $1.8BCVSA FY2026: $2BGHC FY2018: $2.7BGHC FY2019: $2.9BGHC FY2020: $2.9BGHC FY2021: $3.2BGHC FY2022: $3.9BGHC FY2023: $4.4BGHC FY2024: $4.8BGHC FY2025: $4.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CVSA $2BGHC $4.9B
Net income
CVSA FY2019: $95.2MCVSA FY2020: -$85.3MCVSA FY2021: $70MCVSA FY2022: $311MCVSA FY2023: $93.4MCVSA FY2024: $136.8MCVSA FY2025: $237.1MCVSA FY2026: $251.6MGHC FY2018: $271.2MGHC FY2019: $327.9MGHC FY2020: $300.4MGHC FY2021: $352.1MGHC FY2022: $67.1MGHC FY2023: $205.3MGHC FY2024: $724.6MGHC FY2025: $292.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CVSA $251.6MGHC $292.3M
Net margin
CVSA FY2019: 9.4%CVSA FY2020: -9.8%CVSA FY2021: 7.8%CVSA FY2022: 22.5%CVSA FY2023: 6.4%CVSA FY2024: 8.6%CVSA FY2025: 13.3%CVSA FY2026: 12.9%GHC FY2018: 10.1%GHC FY2019: 11.2%GHC FY2020: 10.4%GHC FY2021: 11.1%GHC FY2022: 1.7%GHC FY2023: 4.6%GHC FY2024: 15.1%GHC FY2025: 6.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CVSA 12.9%GHC 6.0%
Revenue growth
CVSA FY2020: -14.5%CVSA FY2021: +3.8%CVSA FY2022: +53.7%CVSA FY2023: +5.0%CVSA FY2024: +9.2%CVSA FY2025: +12.9%CVSA FY2026: +9.3%GHC FY2019: +8.8%GHC FY2020: -1.5%GHC FY2021: +10.3%GHC FY2022: +23.2%GHC FY2023: +12.5%GHC FY2024: +8.5%GHC FY2025: +2.5%FY19FY20FY21FY22FY23FY24FY25FY26
CVSA +9.3%GHC +2.5%
Free cash flow
CVSA FY2019: $147.3MCVSA FY2020: $68.1MCVSA FY2021: $152.3MCVSA FY2022: -$20.5MCVSA FY2023: $165.9MCVSA FY2024: $246.9MCVSA FY2025: $287.6MCVSA FY2026: $392.7MGHC FY2018: $188.8MGHC FY2019: $71.7MGHC FY2020: $141.1MGHC FY2021: $39.9MGHC FY2022: $152.9MGHC FY2023: $166.4MGHC FY2024: $324.1MGHC FY2025: $275.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
CVSA $392.7MGHC $275.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Covista and Graham

Which is bigger by revenue, Covista or Graham?

Graham is bigger by revenue: $4.9B in fiscal 2025, against $2B for Covista in fiscal 2026.

Which keeps more of its revenue as profit, Covista or Graham?

Covista had a net margin of 12.9% in fiscal 2026; Graham had 6.0% in fiscal 2025.

Which grew revenue faster, Covista or Graham?

In their latest fiscal years revenue changed by +9.3% at Covista and +2.5% at Graham.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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