What is GRAHAM HOLDINGS COMPANY's earnings per share (EPS)?

GRAHAM HOLDINGS COMPANY (GHC) reported diluted earnings per share of $66.47 for fiscal year 2025. This represents a -59.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

GRAHAM HOLDINGS COMPANY (GHC) Financials

GHC

FY2025 annual

Revenue $4.9B +2.5% YoY

Net Income $292.3M -59.7% YoY

EPS (Diluted) $66.47 -59.3% YoY

Free Cash Flow $275.3M -15.0% YoY

Market Cap $4.9B as of Oct 3, 2026

Price / Sales 1.0x on $4.9B revenue, FY2025

Price / Earnings 16.7x on $292.3M net income, FY2025

Price / Book 1.0x on $4.8B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GHC SEC filings page.

GRAHAM HOLDINGS COMPANY (GHC) reported $4.9B in revenue for fiscal year 2025, up 2.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI GHC FY2025 2026-10-04

Graham Holdings is a diversified, modest-margin operator whose balance sheet strengthened while cash generation remained tied to operating performance.

FY2024’s net-income spike to $725M did not persist in FY2025, even though operating income rose to $235M. That separation, alongside operating cash flow easing from $407M to $347M, suggests 2024 earnings included an unusually favorable below-operating-line contribution and that 2025 cash conversion was weaker—not that the core operation reversed.

The business is a modest-margin operator: revenue reached $4.9B while operating margin improved to 4.8% in FY2025. Since revenue growth was limited but margin widened, the improvement points more toward cost absorption or mix than simple volume expansion.

The balance sheet became less leverage-dependent: total assets reached $8.4B while debt-to-equity was 0.1x in FY2025. Current ratio held at 1.8x while free cash flow remained positive at $275M, indicating operations still funded reinvestment and other capital allocation.

Financial Health Signals

Financial Health Score 48/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of GRAHAM HOLDINGS COMPANY's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

GRAHAM HOLDINGS COMPANY has an operating margin of 4.8%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is up from 4.5% the prior year.

Growth

GRAHAM HOLDINGS COMPANY's revenue grew a modest 2.5% year-over-year to $4.9B. This slow but positive growth earns a score of 52/100.

Leverage

GRAHAM HOLDINGS COMPANY has a moderate D/E ratio of 0.15. This balance of debt and equity financing earns a leverage score of 43/100.

Liquidity

GRAHAM HOLDINGS COMPANY's current ratio of 1.75 indicates adequate short-term liquidity, earning a score of 51/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

GRAHAM HOLDINGS COMPANY has a free cash flow margin of 5.6%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

GRAHAM HOLDINGS COMPANY's ROE of 6.1% shows moderate profitability relative to equity, earning a score of 46/100. This is down from 17.0% the prior year.

Altman Z-Score Safe

3.04

GRAHAM HOLDINGS COMPANY scores 3.04, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/7

GRAHAM HOLDINGS COMPANY passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, GRAHAM HOLDINGS COMPANY generates $1.19 in operating cash flow ($347.2M OCF vs $292.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.98x

GRAHAM HOLDINGS COMPANY earns $1.98 in operating income for every $1 of interest expense ($234.9M vs $118.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.3B

YoY+7.1%

GRAHAM HOLDINGS COMPANY generated $1.3B in revenue in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier.

EBITDA

$107.9M

YoY+8.3%

GRAHAM HOLDINGS COMPANY's EBITDA was $107.9M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.3% from the same quarter a year earlier.

Net Income

$281.1M

YoY+664.9%

QoQ+814.1%

GRAHAM HOLDINGS COMPANY reported $281.1M in net income in Q2 2026. This represents an increase of 664.9% from the same quarter a year earlier. Against the prior quarter it is up 814.1%.

EPS (Diluted)

$64.86

YoY+676.8%

GRAHAM HOLDINGS COMPANY earned $64.86 per diluted share (EPS) in Q2 2026. This represents an increase of 676.8% from the same quarter a year earlier.

Cash & Balance Sheet

Cash & Debt

$156.8M

YoY-11.0%

GRAHAM HOLDINGS COMPANY held $156.8M in cash against $708.9M in long-term debt as of Q2 2026.

Dividends Per Share

$1.88

YoY+4.4%

GRAHAM HOLDINGS COMPANY paid $1.88 per share in dividends in Q2 2026. This represents an increase of 4.4% from the same quarter a year earlier.

Shares Outstanding

Diluted avg 4M

GRAHAM HOLDINGS COMPANY had a weighted average of 4M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

6.4%

YoY+0.4pp

GRAHAM HOLDINGS COMPANY's operating margin was 6.4% in Q2 2026, reflecting core business profitability. This is up 0.4 percentage points from the same quarter a year earlier.

Net Margin

21.6%

YoY+18.6pp

GRAHAM HOLDINGS COMPANY's net profit margin was 21.6% in Q2 2026, showing the share of revenue converted to profit. This is up 18.6 percentage points from the same quarter a year earlier.

Return on Equity

5.9%

YoY+5.1pp

QoQ+5.3pp

GRAHAM HOLDINGS COMPANY's ROE was 5.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

GHC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GHC quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.9B+2.5%	$4.8B+8.5%	$4.4B+12.5%	$3.9B+23.2%	$3.2B+10.3%	$2.9B-1.5%	$2.9B+8.8%	$2.7B+4.0%	$2.6B+4.4%	$2.5B-4.0%	$2.6B-5.5%	$2.7B+5.2%	$2.6B-22.9%	$3.4B-4.4%	$3.5B
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$887.8M-0.9%	$896.1M-17.1%	$1.1B-4.5%	$1.1B+0.7%	$1.1B-14.7%	$1.3B-4.8%	$1.4B
Operating Income	$234.9M+9.0%	$215.5M+210.6%	$69.4M-17.3%	$83.9M+8.4%	$77.4M-22.9%	$100.4M-30.5%	$144.5M-41.3%	$246.2M+80.5%	$136.4M-38.8%	$222.9M+240.9%	-$158.1M-168.0%	$232.7M+55.7%	$149.4M+0.6%	$148.6M-55.5%	$334.1M
EBITDA	$356.6M+2.4%	$348.1M+64.8%	$211.2M-3.3%	$218.4M+5.7%	$206.7M-10.7%	$231.4M-10.0%	$257.0M-26.6%	$350.3M+45.9%	$240.1M-23.6%	$314.2M+613.2%	-$61.2M-113.4%	$457.1M+10.3%	$414.3M-5.9%	$440.0M-29.1%	$620.4M
Interest Expense	$118.8M-36.2%	$186.1M+194.1%	$63.3M+16.4%	$54.4M+60.3%	$33.9M-11.4%	$38.3M+28.6%	$29.8M-21.4%	$37.9M+11.9%	$33.9M-4.2%	$35.4M+8.4%	$32.7M-8.1%	$35.5M-1.1%	$35.9M0.0%	$35.9M+8.2%	$33.2M
Income Tax	$146.4M-49.9%	$292.1M+234.6%	$87.3M+70.2%	$51.3M-46.7%	$96.3M-10.3%	$107.3M+8.8%	$98.6M+89.3%	$52.1M+143.5%	-$119.7M-247.4%	$81.2M+296.1%	$20.5M-93.4%	$312.3M+671.1%	$40.5M-44.8%	$73.4M-29.7%	$104.4M
Net Income	$292.3M-59.7%	$724.6M+253.0%	$205.3M+206.0%	$67.1M-80.9%	$352.1M+17.2%	$300.4M-8.4%	$327.9M+20.9%	$271.2M-10.2%	$302.0M+79.2%	$168.6M+267.5%	-$100.7M-107.8%	$1.3B+446.2%	$236.9M+79.3%	$132.1M+12.8%	$117.2M
EPS (Basic)	$67.11-59.2%	$164.62+274.5%	$43.96+217.9%	$13.83-80.4%	$70.65+21.2%	$58.30-5.5%	$61.70+22.1%	$50.55-6.8%	$54.24+81.1%	$29.95+267.6%	-$17.87-109.1%	$195.81+510.0%	$32.10+84.6%	$17.39+18.3%	$14.70
EPS (Diluted)	$66.47-59.3%	$163.40+272.9%	$43.82+217.8%	$13.79-80.4%	$70.45+21.2%	$58.13-5.0%	$61.21+21.9%	$50.20-6.8%	$53.89+80.8%	$29.80+266.8%	-$17.87-109.2%	$195.03+508.5%	$32.05+84.3%	$17.39+18.3%	$14.70
Diluted Shares (Avg)	4M-0.7%	4M-5.4%	5M-3.8%	5M-2.6%	5M-3.4%	5M-3.5%	5M-0.8%	5M-3.3%	6M-0.7%	6M-2.4%	6M-11.9%	6M-10.4%	7M-1.5%	7M-6.0%	8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.3B+7.1%	N/A	N/A	$1.3B+5.9%	$1.2B+2.6%	N/A	$1.2B+6.8%	$1.2B+8.6%
Operating Income	$83.6M+15.0%	N/A	N/A	$67.1M-17.8%	$72.8M+180.8%	N/A	$72.5M+77.7%	$81.6M+243.0%
EBITDA	$107.9M+8.3%	N/A	N/A	$96.1M-13.7%	$99.6M+71.4%	N/A	$109.9M+47.4%	$111.4M+581.1%
Interest Expense	$17.2M-5.2%	N/A	N/A	$17.2M-33.7%	$18.1M-80.2%	N/A	$49.5M	$25.9M+119.3%
Income Tax	$35.1M+73.8%	N/A	N/A	$56.8M+47.5%	$20.2M+392.7%	N/A	$206.0M	$38.5M+309.6%
Net Income	$281.1M+664.9%	$30.8M+19.6%	N/A	$122.9M+69.5%	$36.7M+274.7%	$25.7M-79.3%	$548.8M+930.4%	$72.5M+414.8%
EPS (Basic)	$65.53+677.3%	N/A	$24.96-80.0%	$28.19+70.4%	$8.43+276.0%	N/A	$124.88+961.9%	$16.54+429.5%
EPS (Diluted)	$64.86+676.8%	N/A	$24.72-80.1%	$27.91+70.0%	$8.35+274.3%	N/A	$123.91+957.3%	$16.42+427.1%
Diluted Shares (Avg)	4M-1.5%	N/A	N/A	4M-0.1%	4M-0.6%	N/A	N/A	4M-4.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.

GHC Balance Sheet

GHC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$8.4B+9.4%	$7.7B+6.8%	$7.2B+9.7%	$6.6B-11.7%	$7.4B+15.2%	$6.4B+8.6%	$5.9B+24.5%	$4.8B-3.5%	$4.9B+11.4%	$4.4B+1.8%	$4.4B-24.3%	$5.8B-1.0%	$5.8B+13.8%	$5.1B+1.8%	$5.0B
Current Assets	$2.4B+15.8%	$2.1B+13.5%	$1.8B+10.1%	$1.7B-9.1%	$1.8B+4.1%	$1.8B+6.7%	$1.7B+8.6%	$1.5B-11.7%	$1.7B-7.2%	$1.9B+0.6%	$1.9B+10.1%	$1.7B-0.7%	$1.7B+17.1%	$1.5B+16.7%	$1.2B
Cash & Equivalents	$267.0M+2.4%	$260.9M+53.5%	$169.9M+0.3%	$169.3M+16.1%	$145.9M-64.8%	$414.0M+106.8%	$200.2M-21.0%	$253.3M-35.1%	$390.0M-39.9%	$648.9M-14.0%	$754.2M-2.4%	$772.8M+35.6%	$569.7M+11.2%	$512.4M+34.5%	$381.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$38.9M+9.5%	$35.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$8.0M+21.5%	$6.6M
Accounts Receivable	$519.1M+8.6%	$477.8M-3.7%	$496.2M-1.7%	$504.8M-14.4%	$589.6M+13.5%	$519.6M-12.7%	$595.3M+10.7%	$538.0M-10.4%	$600.2M+1.4%	$591.9M+6.9%	$553.8M+2.8%	$538.5M+32.2%	$407.2M+7.3%	$379.4M+1.0%	$375.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.6B+5.7%	$1.5B-1.6%	$1.5B-2.3%	$1.6B-5.4%	$1.6B+11.1%	$1.5B+6.9%	$1.4B+7.0%	$1.3B-0.2%	$1.3B+15.7%	$1.1B+10.4%	$1.0B-24.6%	$1.3B+4.7%	$1.3B-2.2%	$1.3B-6.9%	$1.4B
Total Liabilities	$3.5B+5.4%	$3.3B+5.8%	$3.2B+13.8%	$2.8B-7.4%	$3.0B+12.5%	$2.7B+2.6%	$2.6B+41.0%	$1.8B-8.7%	$2.0B+1.9%	$2.0B+7.8%	$1.8B-28.8%	$2.6B+3.4%	$2.5B0.0%	$2.5B+4.1%	$2.4B
Current Liabilities	$1.4B+15.7%	$1.2B-2.4%	$1.2B+7.4%	$1.1B-1.8%	$1.2B+22.8%	$949.6M-8.9%	$1.0B+28.3%	$812.2M-7.6%	$878.6M+7.3%	$819.0M+12.9%	$725.1M-31.0%	$1.1B+12.5%	$934.1M-17.1%	$1.1B+13.1%	$995.6M
Non-Current Liabilities	$2.1B-0.3%	$2.1B+11.1%	$1.9B+18.3%	$1.6B-10.9%	$1.8B+6.8%	$1.7B+10.2%	$1.6B+51.0%	$1.0B-9.5%	$1.1B-1.8%	$1.2B+4.5%	$1.1B-27.3%	$1.5B-2.0%	$1.6B+14.0%	$1.4B-2.3%	$1.4B
Long-Term Debt	$705.6M-2.2%	$721.6M-3.1%	$745.1M+30.6%	$570.5M+8.5%	$525.8M+3.9%	$506.1M+17.5%	$430.6M-8.5%	$470.8M-3.2%	$486.6M+0.2%	$485.7M+21.5%	$399.8M+0.1%	$399.5M-10.7%	$447.6M-1.3%	$453.4M+0.3%	$452.2M
Total Equity	$4.8B+12.6%	$4.3B+7.1%	$4.0B+6.5%	$3.7B-15.2%	$4.4B+17.0%	$3.8B+13.3%	$3.3B+13.8%	$2.9B+0.1%	$2.9B+18.8%	$2.5B-1.5%	$2.5B-20.7%	$3.1B-4.8%	$3.3B+27.6%	$2.6B-0.6%	$2.6B
Retained Earnings	$8.3B+3.2%	$8.0B+9.5%	$7.3B+2.4%	$7.2B+0.5%	$7.1B+4.7%	$6.8B+4.1%	$6.5B+4.8%	$6.2B+7.7%	$5.8B+3.6%	$5.6B+2.6%	$5.4B-9.3%	$6.0B+25.6%	$4.8B+5.2%	$4.5B-0.3%	$4.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$8.1B+6.9%	N/A	$8.4B+9.4%	$7.9B+5.8%	$7.6B+5.3%	$7.6B+5.0%	$7.7B+6.8%	$7.4B+10.9%
Current Assets	$2.3B+13.0%	N/A	$2.4B+15.8%	$2.2B+7.6%	$2.0B+3.6%	$2.0B+3.9%	$2.1B+13.5%	$2.1B+15.9%
Cash & Equivalents	$156.8M-11.0%	N/A	$267.0M+2.4%	$190.8M-21.9%	$176.2M+25.2%	$156.7M+19.7%	$260.9M+53.5%	$244.4M+52.7%
Short-Term Investments	$0	N/A	$0	$0	$0	$0	$0	$0
Accounts Receivable	$419.5M0.0%	N/A	$519.1M+8.6%	$494.5M+1.6%	$419.3M-3.5%	$459.6M-1.9%	$477.8M-3.7%	$486.5M-5.3%
Long-Term Investments	$0	N/A	$0	$0	$0	$0	$0	$0
Goodwill	$1.6B+4.2%	N/A	$1.6B+5.7%	$1.6B+2.4%	$1.5B+1.5%	$1.5B-0.3%	$1.5B-1.6%	$1.5B+2.3%
Total Liabilities	$3.3B+4.2%	N/A	$3.5B+5.4%	$3.3B-1.1%	$3.2B-0.5%	$3.2B+2.7%	$3.3B+5.8%	$3.3B+13.7%
Current Liabilities	$1.2B-22.7%	N/A	$1.4B+15.7%	$1.7B+27.1%	$1.6B+30.7%	$1.2B+0.6%	$1.2B-2.4%	$1.3B+15.6%
Non-Current Liabilities	$2.1B+30.7%	N/A	$2.1B-0.3%	$1.6B-19.8%	$1.6B-19.4%	$2.0B+4.1%	$2.1B+11.1%	$2.0B+12.4%
Long-Term Debt	$708.9M+125.6%	N/A	$705.6M-2.2%	$307.0M-58.0%	$314.3M-57.1%	$715.5M-3.1%	$721.6M-3.1%	$731.1M-1.2%
Total Equity	$4.8B+9.4%	$4.8B+11.0%	$4.8B+12.6%	$4.5B+11.3%	$4.4B+9.7%	$4.3B+6.2%	$4.3B+7.1%	$4.0B+8.6%
Retained Earnings	$8.6B+6.3%	N/A	$8.3B+3.2%	$8.2B+9.4%	$8.1B+8.8%	$8.0B+8.0%	$8.0B+9.5%	$7.5B+2.7%

Not reported in any period shown, so not listed: Inventory.

GHC Cash Flow Statement

GHC quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$347.2M-14.7%	$407.0M+56.6%	$259.9M+10.3%	$235.6M+16.4%	$202.4M-3.9%	$210.7M+27.5%	$165.2M-42.5%	$287.0M+7.1%	$268.1M+2.6%	$261.3M+269.8%	$70.7M-77.5%	$313.5M+1.1%	$310.2M-35.9%	$483.9M+23.0%	$393.3M
Depreciation & Amortization	$121.7M-8.3%	$132.6M-6.5%	$141.8M+5.4%	$134.5M+4.0%	$129.3M-1.3%	$131.0M+16.5%	$112.5M+8.0%	$104.1M+0.4%	$103.7M+13.6%	$91.3M-5.8%	$96.9M-56.8%	$224.4M-15.3%	$264.9M-9.1%	$291.4M+1.8%	$286.3M
Stock-Based Compensation	$5.7M-9.6%	$6.3M-5.8%	$6.7M+9.7%	$6.1M+8.2%	$5.7M-10.9%	$6.3M+1.1%	$6.3M-2.1%	$6.4M-36.9%	$10.2M-24.2%	$13.4M-72.1%	$48.0M+173.3%	$17.6M-30.1%	$25.2M+71.6%	$14.7M+24.4%	$11.8M
Capital Expenditures	$71.9M-13.3%	$82.9M-11.3%	$93.4M+13.0%	$82.7M-49.1%	$162.5M+133.6%	$69.6M-25.6%	$93.5M-4.8%	$98.2M+62.7%	$60.4M-9.4%	$66.6M-51.3%	$136.9M-42.3%	$237.3M+14.9%	$206.5M-8.1%	$224.7M+3.8%	$216.4M
Free Cash Flow	$275.3M-15.0%	$324.1M+94.7%	$166.4M+8.8%	$152.9M+283.4%	$39.9M-71.7%	$141.1M+96.9%	$71.7M-62.0%	$188.8M-9.1%	$207.7M+6.7%	$194.6M+394.0%	-$66.2M-186.9%	$76.2M-26.6%	$103.8M-60.0%	$259.2M+46.5%	$176.9M
Investing Cash Flow	-$179.4M-187.9%	-$62.3M+59.3%	-$153.0M+16.9%	-$184.1M+62.8%	-$494.6M-348.1%	$199.4M+184.2%	-$236.7M-2.5%	-$231.0M+47.7%	-$442.0M-42.0%	-$311.3M+26.9%	-$425.6M-285.8%	$229.0M+3049.3%	-$7.8M+96.7%	-$234.7M+10.0%	-$260.7M
Financing Cash Flow	-$165.5M+31.3%	-$241.0M-141.4%	-$99.8M-451.4%	-$18.1M-158.4%	$31.0M+115.2%	-$204.0M-1188.9%	$18.7M+109.7%	-$192.4M-92.2%	-$100.1M-132.4%	-$43.1M-112.6%	$342.2M+188.0%	-$388.6M-59.6%	-$243.4M-99.8%	-$121.8M+34.8%	-$187.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$147.3M+95.2%	$75.5M
Share Buybacks	$3.5M-97.0%	$114.1M-40.9%	$193.2M+170.6%	$71.4M+28.2%	$55.7M-65.6%	$161.8M+7595.1%	$2.1M-98.2%	$118.0M+132.5%	$50.8M-53.4%	$108.9M+374.1%	$23.0M-93.0%	$327.7M+7710.2%	$4.2M-95.9%	$103.2M-58.4%	$248.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	N/A	N/A	$28.3M-75.7%	$178.1M-25.0%	N/A	N/A	$116.3M+102.8%	$237.6M+69.3%
Depreciation & Amortization	$24.3M-9.8%	N/A	$28.1M-2.7%	$29.0M-2.4%	$26.9M-16.6%	N/A	$28.9M-14.3%	$29.7M-12.5%
Capital Expenditures	N/A	N/A	$23.3M-7.8%	$16.3M-9.9%	N/A	N/A	$25.2M-21.9%	$18.1M-10.5%
Free Cash Flow	N/A	N/A	$5.0M-94.5%	$161.8M-26.3%	N/A	N/A	$91.1M+263.5%	$219.4M+82.8%
Investing Cash Flow	N/A	N/A	-$81.1M-204.2%	-$67.0M-1198.4%	N/A	N/A	-$26.6M+20.6%	$6.1M+106.3%
Financing Cash Flow	N/A	N/A	$125.3M+293.9%	-$102.3M+34.0%	N/A	N/A	-$64.7M-114.6%	-$155.1M-1996.7%
Share Buybacks	N/A	N/A	$0-100.0%	$0-100.0%	N/A	N/A	$15.9M-73.8%	$48.7M-23.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.

GHC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GHC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	4.8%+0.3pp	4.5%+2.9pp	1.6%-0.6pp	2.1%-0.3pp	2.4%-1.0pp	3.5%-1.4pp	4.9%-4.2pp	9.1%+3.9pp	5.3%-3.7pp	9.0%+15.1pp	-6.1%-14.6pp	8.5%+2.8pp	5.8%+1.3pp	4.4%-5.1pp	9.5%
Net Margin	5.9%-9.2pp	15.1%+10.5pp	4.7%+2.9pp	1.7%-9.3pp	11.1%+0.7pp	10.4%-0.8pp	11.2%+1.1pp	10.1%-1.6pp	11.7%+4.9pp	6.8%+10.7pp	-3.9%-51.2pp	47.3%+38.2pp	9.1%+5.2pp	3.9%+0.6pp	3.3%
Return on Equity	6.1%-10.9pp	17.0%+11.9pp	5.2%+3.4pp	1.8%-6.2pp	8.0%0.0pp	8.0%-1.9pp	9.9%+0.6pp	9.3%-1.1pp	10.4%+3.5pp	6.9%+10.9pp	-4.0%-45.2pp	41.2%+34.0pp	7.2%+2.1pp	5.1%+0.6pp	4.5%
Return on Assets	3.5%-6.0pp	9.4%+6.6pp	2.9%+1.8pp	1.0%-3.7pp	4.7%+0.1pp	4.7%-0.9pp	5.5%-0.2pp	5.7%-0.4pp	6.1%+2.3pp	3.8%+6.1pp	-2.3%-24.8pp	22.5%+18.4pp	4.1%+1.5pp	2.6%+0.2pp	2.3%
Current Ratio	1.750.0x	1.75+0.2x	1.500.0x	1.47-0.1x	1.58-0.3x	1.87+0.3x	1.60-0.3x	1.89-0.1x	1.98-0.3x	2.29-0.3x	2.57+1.0x	1.61-0.2x	1.82+0.5x	1.290.0x	1.25
Debt-to-Equity	0.150.0x	0.170.0x	0.190.0x	0.150.0x	0.120.0x	0.130.0x	0.130.0x	0.160.0x	0.170.0x	0.200.0x	0.160.0x	0.130.0x	0.140.0x	0.180.0x	0.17
Asset Turnover	0.580.0x	0.620.0x	0.610.0x	0.60+0.2x	0.430.0x	0.450.0x	0.49-0.1x	0.570.0x	0.520.0x	0.560.0x	0.59+0.1x	0.480.0x	0.45-0.2x	0.660.0x	0.70
FCF Margin	5.6%-1.1pp	6.8%+3.0pp	3.8%-0.1pp	3.9%+2.6pp	1.3%-3.6pp	4.9%+2.4pp	2.4%-4.6pp	7.0%-1.0pp	8.0%+0.2pp	7.8%+10.4pp	-2.6%-5.3pp	2.8%-1.2pp	4.0%-3.7pp	7.7%+2.7pp	5.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	6.4%+0.4pp	N/A	N/A	5.3%-1.5pp	6.0%+3.8pp	N/A	5.8%+2.3pp	6.8%+11.9pp
Net Margin	21.6%+18.6pp	N/A	N/A	9.6%+3.6pp	3.0%+4.8pp	N/A	44.0%+39.5pp	6.0%+8.1pp
Return on Equity	5.9%+5.1pp	0.7%0.0pp	N/A	2.8%+0.9pp	0.8%+1.4pp	0.6%-2.5pp	12.9%+11.5pp	1.8%+2.4pp
Return on Assets	3.5%+3.0pp	N/A	N/A	1.6%+0.6pp	0.5%+0.8pp	0.3%-1.4pp	7.1%+6.4pp	1.0%+1.3pp
Current Ratio	1.86+0.6x	N/A	1.750.0x	1.32-0.2x	1.27-0.3x	1.62+0.1x	1.75+0.2x	1.570.0x
Debt-to-Equity	0.15+0.1x	N/A	0.150.0x	0.07-0.1x	0.07-0.1x	0.170.0x	0.170.0x	0.180.0x
Asset Turnover	0.160.0x	N/A	N/A	0.160.0x	0.160.0x	N/A	0.160.0x	0.160.0x
FCF Margin	N/A	N/A	N/A	12.7%-5.5pp	N/A	N/A	7.3%+5.2pp	18.2%+7.4pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
GRAHAM HOLDINGS COMPANY GHC	FY2025	$4.9B	$292.3M	5.9%	$4.9B	48/100
Adtalem Global Education Inc. ATGE	FY2025	$1.8B	$237.1M	13.3%	$3.4B	58/100
TAL Education Group TAL	FY2026	$3.0B	$530.8M	17.6%	$6.7B	60/100
Grand Canyon Education, Inc LOPE	FY2025	$1.1B	$216K	0.0%	$4.1B	81/100
Laureate Education, Inc. LAUR	FY2025	$1.7B	$281.6M	16.6%	$5.3B	63/100
Stride, Inc. LRN	FY2026	$2.5B	$338.2M	13.4%	$3.3B	83/100

Where GRAHAM HOLDINGS COMPANY Ranks

Frequently Asked Questions

What is GRAHAM HOLDINGS COMPANY's annual revenue?

GRAHAM HOLDINGS COMPANY (GHC) reported $4.9B in total revenue for fiscal year 2025. This represents a 2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is GRAHAM HOLDINGS COMPANY's revenue growing?

GRAHAM HOLDINGS COMPANY (GHC) revenue grew by 2.5% year-over-year, from $4.8B to $4.9B in fiscal year 2025.

Is GRAHAM HOLDINGS COMPANY profitable?

Yes, GRAHAM HOLDINGS COMPANY (GHC) reported a net income of $292.3M in fiscal year 2025, with a net profit margin of 5.9%.

What is GRAHAM HOLDINGS COMPANY's EBITDA?

GRAHAM HOLDINGS COMPANY (GHC) had EBITDA of $356.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does GRAHAM HOLDINGS COMPANY have?

As of fiscal year 2025, GRAHAM HOLDINGS COMPANY (GHC) had $267.0M in cash and equivalents against $705.6M in long-term debt.

What is GRAHAM HOLDINGS COMPANY's operating margin?

GRAHAM HOLDINGS COMPANY (GHC) had an operating margin of 4.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is GRAHAM HOLDINGS COMPANY's net profit margin?

GRAHAM HOLDINGS COMPANY (GHC) had a net profit margin of 5.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does GRAHAM HOLDINGS COMPANY pay dividends?

Yes, GRAHAM HOLDINGS COMPANY (GHC) paid $7.20 per share in dividends during fiscal year 2025.

What is GRAHAM HOLDINGS COMPANY's return on equity (ROE)?

GRAHAM HOLDINGS COMPANY (GHC) has a return on equity of 6.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is GRAHAM HOLDINGS COMPANY's free cash flow?

GRAHAM HOLDINGS COMPANY (GHC) generated $275.3M in free cash flow during fiscal year 2025. This represents a -15.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is GRAHAM HOLDINGS COMPANY's operating cash flow?

GRAHAM HOLDINGS COMPANY (GHC) generated $347.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are GRAHAM HOLDINGS COMPANY's total assets?

GRAHAM HOLDINGS COMPANY (GHC) had $8.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are GRAHAM HOLDINGS COMPANY's capital expenditures?

GRAHAM HOLDINGS COMPANY (GHC) invested $71.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does GRAHAM HOLDINGS COMPANY buy back shares?

Yes, GRAHAM HOLDINGS COMPANY (GHC) spent $3.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is GRAHAM HOLDINGS COMPANY's current ratio?

GRAHAM HOLDINGS COMPANY (GHC) had a current ratio of 1.75 as of fiscal year 2025, which is generally considered healthy.

What is GRAHAM HOLDINGS COMPANY's debt-to-equity ratio?

GRAHAM HOLDINGS COMPANY (GHC) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is GRAHAM HOLDINGS COMPANY's return on assets (ROA)?

GRAHAM HOLDINGS COMPANY (GHC) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is GRAHAM HOLDINGS COMPANY's P/E ratio?

GRAHAM HOLDINGS COMPANY (GHC) trades at 16.7x earnings, its market capitalization divided by net income of $292.3M net income, FY2025. The market capitalization is $4.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is GRAHAM HOLDINGS COMPANY's price-to-sales ratio?

GRAHAM HOLDINGS COMPANY (GHC) trades at 1.0x sales, its market capitalization divided by revenue of $4.9B revenue, FY2025. The market capitalization is $4.9B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is GRAHAM HOLDINGS COMPANY's Altman Z-Score?

GRAHAM HOLDINGS COMPANY (GHC) has an Altman Z-Score of 3.04, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is GRAHAM HOLDINGS COMPANY's Piotroski F-Score?

GRAHAM HOLDINGS COMPANY (GHC) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are GRAHAM HOLDINGS COMPANY's earnings high quality?

GRAHAM HOLDINGS COMPANY (GHC) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can GRAHAM HOLDINGS COMPANY cover its interest payments?

GRAHAM HOLDINGS COMPANY (GHC) has an interest coverage ratio of 1.98x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is GRAHAM HOLDINGS COMPANY?

GRAHAM HOLDINGS COMPANY (GHC) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.