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Graham Holdings Company(GHC)Earnings, Financials & Key Ratios
GHC•NYSE
$1122.64
$4.88B mkt cap·16.9× P/E·Price updated May 6, 2026
AboutGraham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global. The company also offers training, test preparation, and degrees for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates three colleges, a business school, a higher education institution, and an online learning institution. In addition, it owns and operates seven television stations; and provides social media management tools to connect newsrooms with their users, as well as produces Foreign Policy magazine and ForeignPolicy.com website. Further, the company publishes Slate, an online magazine; and two French-language news magazine websites at slate.fr and slateafrique.com. Additionally, it provides social media marketing solutions; home health and hospice services; burners, igniters, dampers, and controls; screw jacks, linear actuators and related linear motion products, and lifting systems; pressure impregnated kiln-dried lumber and plywood products; cybersecurity training solutions; digital advertising services; and power charging and data systems, industrial and commercial indoor lighting solutions, and electrical components and assemblies. The company also owns and operates 11 restaurants and entertainment venues; and engages in automobile dealerships business. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.Show more
- Revenue$4.91B+2.5%
- EBITDA$424M-6.4%
- Net Income$292M-59.7%
- EPS (Diluted)66.47-59.3%
- Gross Margin27.64%-9.7%
- EBITDA Margin8.63%-8.7%
- Operating Margin5.13%+14.0%
- Net Margin5.95%-60.7%
- ROE6.36%-63.2%
- ROIC3.26%+4.9%
- Debt/Equity0.36+31.9%
- Interest Coverage2.11-67.5%
GHC Key Insights
Graham Holdings Company (GHC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 11.2%
- ✓Trading at only 1.0x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
GHC Price & Volume
Graham Holdings Company (GHC) stock price & volume — 10-year historical chart
Loading chart...
GHC Growth Metrics
Graham Holdings Company (GHC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.62%
5 Years11.2%
3 Years7.77%
TTM-22.03%
Profit CAGR
10 Years-
5 Years-0.54%
3 Years63.33%
TTM-52.33%
EPS CAGR
10 Years-
5 Years2.72%
3 Years68.92%
TTM3065.27%
Return on Capital
10 Years3.22%
5 Years2.24%
3 Years2.81%
Last Year3.73%
GHC Recent Earnings
Graham Holdings Company (GHC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 30, 2026EPS
$16.79
Est $13.11
+28.1%
Revenue
$1.2B
Est $1.3B
-1.7%
Q1 2026
Feb 25, 2026EPS
$11.45
Est $14.05
-18.5%
Revenue
$1.3B
Est $1.3B
-3.8%
Q4 2025
Oct 29, 2025EPS
$14.08
Est $14.05
+0.2%
Revenue
$1.3B
Est $1.3B
-1.6%
Q3 2025
Jul 30, 2025EPS
$14.33
Est $12.36
+15.9%
Revenue
$1.2B
Est $1.2B
+2.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $16.79vs $13.11+28.1% | $1.2Bvs $1.3B-1.7% |
| Q1 2026 | Feb 25, 2026 | $11.45vs $14.05-18.5% | $1.3Bvs $1.3B-3.8% |
| Q4 2025 | Oct 29, 2025 | $14.08vs $14.05+0.2% | $1.3Bvs $1.3B-1.6% |
| Q3 2025 | Jul 30, 2025 | $14.33vs $12.36+15.9% | $1.2Bvs $1.2B+2.3% |
Based on last 12 quarters of dataView full earnings history →
GHC Peer Comparison
Graham Holdings Company (GHC) competitors in Tutoring and Test Preparation — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 NYT | 13.55B | 83.66 | 40.03 | 9.24% | 13.18% | 19.22% | 0.02 | |
 NWS | 17.23B | 30.23 | 37.32 | 2.42% | 5.09% | 4.64% | 0.31 | |
 SSP | 433.96M | 4.93 | -2.64 | -14.31% | -7.65% | -13.2% | 0.01 | |
 GTN | 536.41M | 5.53 | -6.28 | -15.07% | -2.75% | -3.94% | 0.03 | |
 LAUR | 4.64B | 32.52 | 17.21 | 8.64% | 16.08% | 25.36% | 0.71 | |
 PRDO | 2.14B | 34.11 | 14.10 | 24.2% | 18.9% | 16.3% | 0.11 | |
 STRA | 1.79B | 78.58 | 14.50 | 3.96% | 10.21% | 7.85% | 0.07 | |
 GCI | 876.77M | 5.96 | -33.11 | -5.79% | 4.11% | 49.68% | 8.43 |
Compare GHC vs Peers
Graham Holdings Company (GHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GHC Income Statement
Graham Holdings Company (GHC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.59B | 2.7B | 2.93B | 2.89B | 3.19B | 3.92B | 4.41B | 4.79B | 4.91B | 3.75B |
| Revenue Growth % | 4.43% | 4.02% | 8.76% | -1.47% | 10.27% | 23.18% | 12.5% | 8.52% | 2.52% | -22.03% |
| Cost of Goods Sold | 1.45B | 1.59B | 1.95B | 1.91B | 2.11B | 2.66B | 3.1B | 3.32B | 3.55B | 2.71B |
| COGS % of Revenue | 56.11% | 58.85% | 66.45% | 66.18% | 66.37% | 67.72% | 70.28% | 69.39% | 72.36% | - |
| Gross Profit | 1.14B▲ 0% | 1.11B▼ 2.5% | 983.85M▼ 11.3% | 977.01M▼ 0.7% | 1.07B▲ 9.7% | 1.27B▲ 18.2% | 1.31B▲ 3.6% | 1.47B▲ 11.8% | 1.36B▼ 7.4% | 1.04B▲ 0% |
| Gross Margin % | 43.89% | 41.15% | 33.55% | 33.82% | 33.63% | 32.28% | 29.72% | 30.61% | 27.64% | 27.75% |
| Gross Profit Growth % | -6.14% | -2.48% | -11.31% | -0.69% | 9.67% | 18.23% | 3.57% | 11.77% | -7.43% | - |
| Operating Expenses | 1B | 863.17M | 839.31M | 876.61M | 994.08M | 1.18B | 1.24B | 1.25B | 1.11B | 1.11B |
| OpEx % of Revenue | 38.63% | 32.02% | 28.62% | 30.34% | 31.2% | 30.14% | 28.14% | 26.11% | 22.51% | - |
| Selling, General & Admin | 887.79M | 750.93M | 717.66M | 715.4M | 831.85M | 921.74M | 1.01B | 1.08B | 1.11B | 1.11B |
| SG&A % of Revenue | 34.25% | 27.85% | 24.48% | 24.76% | 26.11% | 23.49% | 22.82% | 22.48% | 22.51% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 113.31M | 112.25M | 121.65M | 161.21M | 162.22M | 261.14M | 235.17M | 173.99M | 0 | 0 |
| Operating Income | 136.4M▲ 0% | 246.16M▲ 80.5% | 144.55M▼ 41.3% | 100.41M▼ 30.5% | 77.38M▼ 22.9% | 83.9M▲ 8.4% | 69.39M▼ 17.3% | 215.5M▲ 210.6% | 251.81M▲ 16.8% | 264.22M▲ 0% |
| Operating Margin % | 5.26% | 9.13% | 4.93% | 3.48% | 2.43% | 2.14% | 1.57% | 4.5% | 5.13% | 7.05% |
| Operating Income Growth % | -38.8% | 80.47% | -41.28% | -30.54% | -22.94% | 8.43% | -17.29% | 210.56% | 16.85% | - |
| EBITDA | 249.71M | 358.41M | 350.38M | 351.57M | 313.35M | 412.6M | 372.3M | 452.74M | 423.97M | 393.89M |
| EBITDA Margin % | 9.63% | 13.29% | 11.95% | 12.17% | 9.84% | 10.51% | 8.43% | 9.45% | 8.63% | 10.52% |
| EBITDA Growth % | -20.92% | 43.53% | -2.24% | 0.34% | -10.87% | 31.67% | -9.77% | 21.61% | -6.36% | -13.82% |
| D&A (Non-Cash Add-back) | 113.31M | 112.25M | 205.83M | 251.16M | 235.98M | 328.71M | 302.9M | 237.24M | 172.16M | 129.67M |
| EBIT | 216.68M | 361.41M | 456.26M | 445.58M | 483.57M | 176.14M | 362.31M | 1.21B | 251.81M | 206.39M |
| Net Interest Income | -27.3M | -32.55M | -23.63M | -34.44M | -30.53M | -51.18M | -56.18M | -176.28M | -110.83M | -30.99M |
| Interest Income | 6.58M | 5.35M | 6.15M | 3.87M | 3.41M | 3.23M | 7.12M | 9.87M | 8.26M | 8.23M |
| Interest Expense | 33.89M | 37.9M | 29.78M | 38.31M | 33.94M | 54.4M | 63.3M | 186.15M | 119.08M | 20.52M |
| Other Income/Expense | 46.39M | 77.35M | 281.93M | 306.86M | 372.25M | 37.84M | 229.61M | 809.21M | 197.85M | 190.83M |
| Pretax Income | 182.79M▲ 0% | 323.51M▲ 77.0% | 426.48M▲ 31.8% | 407.27M▼ 4.5% | 449.63M▲ 10.4% | 121.73M▼ 72.9% | 299M▲ 145.6% | 1.02B▲ 242.7% | 449.67M▼ 56.1% | 455.05M▲ 0% |
| Pretax Margin % | 7.05% | 12% | 14.55% | 14.1% | 14.11% | 3.1% | 6.77% | 21.39% | 9.16% | 12.15% |
| Income Tax | -119.7M | 52.1M | 98.6M | 107.3M | 96.3M | 51.3M | 87.3M | 292.1M | 146.4M | 148.4M |
| Effective Tax Rate % | -65.49% | 16.1% | 23.12% | 26.35% | 21.42% | 42.14% | 29.2% | 28.51% | 32.56% | 32.61% |
| Net Income | 302.04M▲ 0% | 271.21M▼ 10.2% | 327.86M▲ 20.9% | 300.37M▼ 8.4% | 352.07M▲ 17.2% | 67.08M▼ 80.9% | 205.29M▲ 206.0% | 724.63M▲ 253.0% | 292.29M▼ 59.7% | 297.5M▲ 0% |
| Net Margin % | 11.65% | 10.06% | 11.18% | 10.4% | 11.05% | 1.71% | 4.65% | 15.13% | 5.95% | 7.94% |
| Net Income Growth % | 79.16% | -10.21% | 20.89% | -8.38% | 17.22% | -80.95% | 206.04% | 252.98% | -59.66% | -52.33% |
| Net Income (Continuing) | 302.49M | 271.41M | 327.88M | 299.97M | 353.33M | 70.43M | 211.7M | 732.61M | 303.27M | 306.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 10.33M | 4.35M | 14.04M | 28.26M | 26.4M | 43.1M | 91.08M | 73.97M | 73.13M | 6.03M |
| EPS (Diluted) | 53.89▲ 0% | 50.50▼ 6.3% | 61.21▲ 21.2% | 58.13▼ 5.0% | 70.46▲ 21.2% | 13.79▼ 80.4% | 43.82▲ 217.8% | 163.40▲ 272.9% | 66.47▼ 59.3% | 44940.03▲ 0% |
| EPS Growth % | 80.84% | -6.29% | 21.21% | -5.03% | 21.21% | -80.43% | 217.77% | 272.89% | -59.32% | 3065.27% |
| EPS (Basic) | 54.24 | 50.85 | 61.69 | 58.30 | 70.66 | 13.83 | 43.96 | 164.62 | 67.11 | - |
| Diluted Shares Outstanding | 5.55M | 5.37M | 5.33M | 5.14M | 4.96M | 4.84M | 4.65M | 4.41M | 4.37M | 6.62K |
| Basic Shares Outstanding | 5.52M | 5.33M | 5.29M | 5.12M | 4.95M | 4.82M | 4.64M | 4.37M | 4.33M | 4.33M |
| Dividend Payout Ratio | 9.38% | 10.55% | 9.01% | 9.98% | 8.56% | 45.78% | 15.08% | 4.19% | 10.73% | - |
GHC Balance Sheet
Graham Holdings Company (GHC) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.74B | 1.53B | 1.66B | 1.77B | 1.85B | 1.68B | 1.85B | 2.1B | 2.43B | 2.21B |
| Cash & Short-Term Investments | 947.17M | 767.84M | 814.01M | 1.01B | 970.33M | 791.73M | 866.92M | 1.12B | 1.36B | 1.11B |
| Cash Only | 390.01M | 253.26M | 214.04M | 423.05M | 145.89M | 169.32M | 169.9M | 260.85M | 266.99M | 135.68M |
| Short-Term Investments | 557.15M | 514.58M | 599.97M | 587.58M | 824.45M | 622.41M | 697.03M | 858.74M | 1.09B | 972.7M |
| Accounts Receivable | 644.22M | 601.45M | 634.95M | 566.47M | 640.22M | 541.25M | 531.93M | 522.14M | 576.75M | 520.48M |
| Days Sales Outstanding | 90.72 | 81.43 | 79.04 | 71.57 | 73.35 | 50.34 | 43.98 | 39.78 | 42.86 | 51.73 |
| Inventory | 60.61M | 69.48M | 108.93M | 120.62M | 141.47M | 226.81M | 297.21M | 295.81M | 303.37M | 306.89M |
| Days Inventory Outstanding | 15.21 | 15.98 | 20.41 | 23.03 | 24.42 | 31.15 | 34.96 | 32.48 | 31.16 | 39.91 |
| Other Current Assets | 83.81M | 93.58M | 13.29M | 942K | 13.42M | 22.01M | 33.29M | 44.61M | 195.01M | 273.2M |
| Total Non-Current Assets | 3.2B | 3.23B | 4.27B | 4.67B | 5.58B | 4.87B | 5.34B | 5.58B | 5.96B | 5.97B |
| Property, Plant & Equipment | 259.36M | 293.08M | 911.09M | 840.85M | 906.1M | 932.4M | 969.5M | 937.78M | 992.25M | 963.51M |
| Fixed Asset Turnover | 9.99x | 9.20x | 3.22x | 3.44x | 3.52x | 4.21x | 4.55x | 5.11x | 4.95x | 3.87x |
| Goodwill | 1.3B | 1.3B | 1.39B | 1.48B | 1.65B | 1.56B | 1.53B | 1.5B | 1.59B | 1.6B |
| Intangible Assets | 340.17M | 362.31M | 373.68M | 325.08M | 389.3M | 340.36M | 300.06M | 221.02M | 170.81M | 170.32M |
| Long-Term Investments | 128.59M | 143.81M | 162.25M | 164.48M | 155.44M | 186.42M | 186.48M | 169.13M | 229.56M | 825.82M |
| Other Non-Current Assets | 1.16B | 1.12B | 1.42B | 1.85B | 2.47B | 1.85B | 2.35B | 2.74B | 2.98B | 11.35B |
| Total Assets | 4.94B▲ 0% | 4.76B▼ 3.5% | 5.93B▲ 24.5% | 6.44B▲ 8.6% | 7.43B▲ 15.2% | 6.55B▼ 11.7% | 7.19B▲ 9.7% | 7.68B▲ 6.8% | 8.4B▲ 9.4% | 8.18B▲ 0% |
| Asset Turnover | 0.52x | 0.57x | 0.49x | 0.45x | 0.43x | 0.60x | 0.61x | 0.62x | 0.59x | 0.47x |
| Asset Growth % | 11.4% | -3.52% | 24.5% | 8.65% | 15.23% | -11.75% | 9.68% | 6.81% | 9.36% | 27.9% |
| Total Current Liabilities | 878.61M | 812.16M | 1.04B | 949.65M | 1.17B | 1.15B | 1.23B | 1.2B | 1.39B | 1.23B |
| Accounts Payable | 385.93M | 337.12M | 366.19M | 382.38M | 126.98M | 136.19M | 153.98M | 160.38M | 180.41M | 0 |
| Days Payables Outstanding | 96.86 | 77.55 | 68.61 | 72.99 | 21.92 | 18.7 | 18.11 | 17.61 | 18.53 | 17.57 |
| Short-Term Debt | 6.73M | 6.36M | 175.39M | 95.35M | 141.75M | 155.81M | 66.75M | 26.58M | 263.96M | 165.68M |
| Deferred Revenue (Current) | 339.45M | 308.73M | 355.16M | 331.02M | 358.72M | 341.3M | 396.75M | 390.98M | 411.65M | 1.56B |
| Other Current Liabilities | 0 | 0 | 273K | 259K | 179.31M | 149.82M | 303.38M | 172.91M | 523.56M | 705.03M |
| Current Ratio | 1.98x | 1.89x | 1.60x | 1.87x | 1.58x | 1.47x | 1.50x | 1.75x | 1.75x | 1.75x |
| Quick Ratio | 1.91x | 1.80x | 1.49x | 1.74x | 1.46x | 1.27x | 1.26x | 1.50x | 1.53x | 1.53x |
| Cash Conversion Cycle | 9.08 | 19.86 | 30.84 | 21.6 | 75.85 | 62.79 | 60.83 | 54.65 | 55.49 | 74.08 |
| Total Non-Current Liabilities | 1.14B | 1.04B | 1.56B | 1.71B | 1.83B | 1.63B | 1.89B | 2.15B | 2.14B | 2.15B |
| Long-Term Debt | 486.56M | 470.78M | 430.65M | 506.1M | 525.75M | 570.55M | 745.08M | 721.62M | 1.08B | 1.08B |
| Capital Lease Obligations | 0 | 0 | 477M | 428.85M | 405.2M | 393.63M | 376.68M | 362.88M | 384.96M | 1.14B |
| Deferred Tax Liabilities | 362.7M | 322.42M | 427.37M | 521.27M | 676.71M | 466.27M | 600.12M | 739.26M | 890.98M | 3.29B |
| Other Non-Current Liabilities | 294.8M | 237.55M | 221.06M | 250.69M | 225.55M | 203.27M | 169.35M | 323.01M | -221M | 299.25M |
| Total Liabilities | 2.02B | 1.85B | 2.6B | 2.66B | 3B | 2.78B | 3.12B | 3.35B | 3.53B | 3.38B |
| Total Debt | 493.29M | 477.14M | 1.08B | 1.03B | 1.15B | 1.19B | 1.25B | 1.17B | 1.73B | 1.25B |
| Net Debt | 103.27M | 223.88M | 869M | 607.25M | 1B | 1.02B | 1.08B | 908.46M | 1.47B | 1.11B |
| Debt / Equity | 0.17x | 0.16x | 0.32x | 0.27x | 0.26x | 0.32x | 0.31x | 0.27x | 0.36x | 0.36x |
| Debt / EBITDA | 1.98x | 1.33x | 3.09x | 2.93x | 3.67x | 2.88x | 3.36x | 2.58x | 4.09x | 3.16x |
| Net Debt / EBITDA | 0.41x | 0.62x | 2.48x | 1.73x | 3.21x | 2.47x | 2.91x | 2.01x | 3.46x | 3.46x |
| Interest Coverage | 6.39x | 9.54x | 15.32x | 11.63x | 14.25x | 3.24x | 5.72x | 6.50x | 2.11x | 10.06x |
| Total Equity | 2.93B▲ 0% | 2.92B▼ 0.1% | 3.33B▲ 14.1% | 3.79B▲ 13.6% | 4.43B▲ 16.9% | 3.77B▼ 14.7% | 4.07B▲ 7.7% | 4.33B▲ 6.5% | 4.87B▲ 12.4% | 4.77B▲ 0% |
| Equity Growth % | 18.66% | -0.15% | 14.11% | 13.63% | 16.86% | -14.72% | 7.74% | 6.49% | 12.39% | 42.96% |
| Book Value per Share | 526.92 | 543.97 | 625.73 | 737.02 | 891.44 | 780.50 | 873.83 | 983.12 | 1113.00 | 720061.03 |
| Total Shareholders' Equity | 2.92B | 2.92B | 3.32B | 3.76B | 4.4B | 3.73B | 3.98B | 4.26B | 4.79B | 4.73B |
| Common Stock | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | 20M | -4.5B |
| Retained Earnings | 5.79B | 6.24B | 6.53B | 6.8B | 7.13B | 7.16B | 7.34B | 8.03B | 8.29B | 8.31B |
| Treasury Stock | -3.8B | -3.92B | -3.92B | -4.06B | -4.11B | -4.18B | -4.37B | -4.49B | -4.49B | 0 |
| Accumulated OCI | 535.55M | 203.83M | 303.3M | 603.31M | 971.39M | 336.15M | 614.34M | 334.8M | 587.08M | 0 |
| Minority Interest | 10.33M | 4.35M | 14.04M | 28.26M | 26.4M | 43.1M | 91.08M | 73.97M | 73.13M | 6.03M |
GHC Cash Flow Statement
Graham Holdings Company (GHC) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 268.06M | 287.02M | 165.16M | 210.66M | 202.43M | 235.6M | 259.88M | 406.99M | 339.54M | 339.54M |
| Operating CF Margin % | 10.34% | 10.65% | 5.63% | 7.29% | 6.35% | 6% | 5.89% | 8.49% | 6.91% | - |
| Operating CF Growth % | 2.6% | 7.07% | -42.46% | 27.55% | -3.91% | 16.39% | 10.3% | 56.61% | -16.57% | 22.07% |
| Net Income | 302.49M | 271.41M | 327.88M | 299.97M | 353.33M | 70.43M | 211.7M | 732.61M | 292.29M | 297.5M |
| Depreciation & Amortization | 113.31M | 112.25M | 205.83M | 251.16M | 235.98M | 328.71M | 302.9M | 237.24M | 184.49M | 198.07M |
| Stock-Based Compensation | 10.17M | 6.41M | 6.28M | 6.35M | 5.66M | 6.12M | 6.71M | 6.33M | 5.72M | 5.67M |
| Deferred Taxes | -146.45M | -7.12M | 69.75M | 14.38M | 65.05M | -3.84M | 43.77M | 227.4M | 92.49M | 94.29M |
| Other Non-Cash Items | -54.56M | -100.76M | -248.65M | -291.43M | -346.35M | -38.66M | -236.27M | -907.93M | -259.59M | -244.42M |
| Working Capital Changes | 43.1M | 4.84M | -195.93M | -69.76M | -111.24M | -127.16M | -68.94M | 111.34M | 24.15M | -647K |
| Change in Receivables | 11.09M | 59.85M | -53.6M | 61.33M | -59.29M | 45.52M | 8.23M | 11.32M | -11.2M | 20.72M |
| Change in Inventory | -541K | -7.35M | -5.32M | 3.79M | 4.55M | -64.32M | -62.87M | 8.3M | 35.29M | -2.68M |
| Change in Payables | 19.38M | -44.89M | -47.07M | 0 | -52.75M | 0 | 0 | 0 | 5.28M | -82.84M |
| Cash from Investing | -442.02M | -230.96M | -236.74M | 199.37M | -494.63M | -177.15M | -154.03M | -62.33M | -180.97M | -150.35M |
| Capital Expenditures | -60.36M | -98.19M | -93.5M | -69.59M | -162.54M | -82.68M | -93.45M | -82.91M | -71.88M | -75.57M |
| CapEx % of Revenue | 2.33% | 3.64% | 3.19% | 2.41% | 5.1% | 2.11% | 2.12% | 1.73% | 1.46% | - |
| Acquisitions | -374.89M | -128.79M | -151.53M | 193.12M | -350.12M | -118.13M | -74.91M | -285K | 0 | -34.46M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.77M | -28.06M | -3.5M | 2.07M | 557K | 1.04M | -27.44M | 2.34M | 80.02M | -28.75M |
| Cash from Financing | -100.11M | -192.36M | 18.73M | -204M | 31.03M | -25.02M | -98.78M | -240.97M | -156.3M | -188.43M |
| Debt Issued (Net) | -17.22M | -22.88M | 46.75M | -17.56M | 144.67M | 55.02M | 62.07M | -76.82M | 114.7M | 37.18M |
| Equity Issued (Net) | -50.77M | -118.03M | -2.1M | -161.83M | -55.68M | -69.57M | -193.16M | -114.1M | -3.47M | 0 |
| Dividends Paid | -28.33M | -28.62M | -29.55M | -29.97M | -30.14M | -30.71M | -30.95M | -30.35M | -31.36M | -31.75M |
| Share Repurchases | -50.77M | -118.03M | -2.1M | -161.83M | -55.68M | -71.39M | -193.16M | -114.1M | -3.47M | -34.14M |
| Other Financing | -3.79M | -22.84M | 3.64M | 5.36M | -27.83M | 20.23M | 63.26M | -19.7M | -236.17M | -193.86M |
| Net Change in Cash | -263.25M▲ 0% | -143.45M▲ 45.5% | -50.07M▲ 65.1% | 209.01M▲ 517.4% | -264.21M▼ 226.4% | 31.59M▲ 112.0% | 11.46M▼ 63.7% | 95.96M▲ 737.4% | 13.55M▼ 85.9% | 27.02M▲ 0% |
| Free Cash Flow | 207.7M▲ 0% | 188.83M▼ 9.1% | 71.66M▼ 62.0% | 141.07M▲ 96.9% | 39.89M▼ 71.7% | 152.92M▲ 283.4% | 166.43M▲ 8.8% | 324.08M▲ 94.7% | 267.66M▼ 17.4% | 285.69M▲ 0% |
| FCF Margin % | 8.01% | 7% | 2.44% | 4.88% | 1.25% | 3.9% | 3.77% | 6.76% | 5.45% | 7.63% |
| FCF Growth % | 6.71% | -9.09% | -62.05% | 96.86% | -71.72% | 283.36% | 8.83% | 94.72% | -17.41% | -23.78% |
| FCF per Share | 37.41 | 35.16 | 13.45 | 27.45 | 8.03 | 31.62 | 35.76 | 73.57 | 61.21 | 61.21 |
| FCF Conversion (FCF/Net Income) | 0.89x | 1.06x | 0.50x | 0.70x | 0.57x | 3.51x | 1.27x | 0.56x | 1.16x | 0.96x |
| Interest Paid | 33M | 42M | 30M | 31M | 30M | 37M | 51M | 69M | 0 | 0 |
| Taxes Paid | 4M | 54M | 28M | 91M | 39M | 48M | 39M | 63M | 0 | 0 |
GHC Key Ratios
Graham Holdings Company (GHC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.21% | 9.28% | 10.48% | 8.44% | 8.57% | 1.64% | 5.24% | 17.26% | 6.36% | 6.39% |
| Return on Invested Capital (ROIC) | 3.83% | 5.98% | 2.95% | 1.75% | 1.18% | 1.23% | 1.05% | 3.11% | 3.26% | 3.26% |
| Gross Margin | 43.89% | 41.15% | 33.55% | 33.82% | 33.63% | 32.28% | 29.72% | 30.61% | 27.64% | 27.75% |
| Net Margin | 11.65% | 10.06% | 11.18% | 10.4% | 11.05% | 1.71% | 4.65% | 15.13% | 5.95% | 7.94% |
| Debt / Equity | 0.17x | 0.16x | 0.32x | 0.27x | 0.26x | 0.32x | 0.31x | 0.27x | 0.36x | 0.36x |
| Interest Coverage | 6.39x | 9.54x | 15.32x | 11.63x | 14.25x | 3.24x | 5.72x | 6.50x | 2.11x | 10.06x |
| FCF Conversion | 0.89x | 1.06x | 0.50x | 0.70x | 0.57x | 3.51x | 1.27x | 0.56x | 1.16x | 0.96x |
| Revenue Growth | 4.43% | 4.02% | 8.76% | -1.47% | 10.27% | 23.18% | 12.5% | 8.52% | 2.52% | -22.03% |
GHC SEC Filings & Documents
Graham Holdings Company (GHC) SEC filings — annual & quarterly reports (10-K, 10-Q)
GHC Frequently Asked Questions
Graham Holdings Company (GHC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Graham Holdings Company (GHC) reported $3.75B in revenue for fiscal year 2025. This represents a 102% increase from $1.85B in 1996.
Graham Holdings Company (GHC) grew revenue by 2.5% over the past year. Growth has been modest.
Yes, Graham Holdings Company (GHC) is profitable, generating $297.5M in net income for fiscal year 2025 (6.0% net margin).
Dividend & Returns
Yes, Graham Holdings Company (GHC) pays a dividend with a yield of 0.64%. This makes it attractive for income-focused investors.
Graham Holdings Company (GHC) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.
Graham Holdings Company (GHC) generated $285.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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