Griffon (GFF) Cash Flow: Operating & Free Cash Flow

Griffon (GFF) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), Griffon generated $356.02M of operating cash flow and spent $52.44M on capital expenditures. That left free cash flow of $303.58M, down 1.7% from $308.87M a year earlier, or 12.0% of revenue. It returned $222.96M to shareholders through $39.69M in dividends and $183.27M in share buybacks.

Griffon Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Griffon Corporation (GFF) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	51.11	209.90	77.62	-287.72	140.60	41.44	25.47	33.26	17.78
Depreciation & Amortization	63.01	60.70	65.45	64.66	52.30	52.10	51.52	55.80	47.88
Deferred Income Tax	-28.49	3.57	-37.80	-56.71	13.76	2.12	-5.47	-17.63	2.34
Stock Based Compensation	25.48	26.84	41.11	33.14	20.09	17.58	15.91	19.61	8.09
Change in Working Capital	6.24	48.30	124.27	-230.64	-96.67	-23.68	-2.84	-38.45	-31.60
Change in Accounts Receivable	18.85	4.24	51.12	-20.66	-7.00	-72.46	13.42	2.68	-19.13
Change in Inventory	-18.31	73.58	129.21	-106.75	-154.52	23.26	-31.78	-52.12	-29.30
Change in Accounts Payable	17.87	-30.73	-67.84	-96.37	72.77	0.00	0.00	0.00	0.00
Change in Other Working Capital	-12.17	1.21	12.09	-6.86	-9.60	25.52	15.51	10.99	16.83
Other Operating Activities	238.65	27.96	158.12	546.71	25.46	44.44	27.24	-40.02	51.85
Net Cash from Operating Activities	356.02	377.27	428.77	69.44	111.77	134.01	111.84	20.82	96.34
Investing Activities
Capital Expenditures	-52.44	-68.40	-63.60	-42.49	-36.95	-49.00	-45.36	-50.14	-34.94
Acquisitions	0.00	-11.08	-2.57	-555.75	-2.24	-10.53	-18.72	43.80	-34.72
Purchases of Investments	0.00	0.00	0.00	-14.92	-17.21	-0.13	-0.15	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	14.92	-17.21	0.00	0.00	0.00	0.00
Other Investing Activities	18.14	14.48	20.96	12.39	6.75	-7.04	-20.82	-1.85	-46.76
Net Cash from Investing Activities	-34.29	-65.00	-45.21	-585.85	-49.42	-58.86	-74.55	-8.19	-116.41
Financing Activities
Debt Repayment	-115.65	48.22	-99.22	547.72	-27.83	-68.84	-16.87	142.21	62.99
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	178.17	0.00	0.00	0.00
Common Stock Repurchased	-183.27	-309.92	-163.97	-10.89	-3.36	-7.48	-1.48	-45.61	-15.84
Dividends Paid	-39.69	-35.81	-133.81	-126.68	-17.14	-14.53	-13.68	-49.80	-10.33
Other Financing Activities	-0.13	-1.25	-3.16	-16.81	-0.83	-19.13	-2.96	-30.28	-52.70
Net Cash from Financing Activities	-338.75	-298.75	-400.16	393.35	-28.25	68.19	-34.98	16.52	-4.97
Summary
Effect of Forex Changes on Cash	1.63	-1.97	-0.69	-5.40	-3.54	2.38	0.31	1.17	0.16
Net Change in Cash	-15.39	11.55	-17.30	-128.47	30.56	145.71	2.62	22.08	-24.87
Cash at Beginning of Period	114.44	102.89	120.18	248.65	218.09	72.38	69.76	47.68	72.55
Cash at End of Period	99.05	114.44	102.89	120.18	248.65	218.09	72.38	69.76	47.68
Free Cash Flow	303.58	308.87	365.17	26.95	74.82	85.01	66.47	-29.32	61.41
Supplemental Disclosures
Interest Paid	92.89	100.68	99.83	78.27	60.78	-	-	-	-
Income Taxes Paid	96.24	102.98	70.94	80.26	41.22	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Griffon Cash Flow

What is Griffon's free cash flow?

Griffon generated free cash flow of $303.58M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $356.02M minus $52.44M of capital expenditures. That was down 1.7% from $308.87M a year earlier. Free cash flow equaled 12.0% of revenue.

How much does Griffon spend on capital expenditures?

Griffon spent $52.44M on capital expenditures in fiscal 2025, compared with $68.40M a year earlier. That equals 14.7% of operating cash flow.

Does Griffon pay dividends or buy back shares?

Yes. In fiscal 2025 Griffon returned $39.69M in dividends and $183.27M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition