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Graham Holdings GHC · USD

Consumer Discretionary · US listing · 🇺🇸 United States

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1,215.76

+0.31%

Close of 9 Nov 2026, in USD

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At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$4.91bn

FY2016FY2025

Net income

$292.3m

FY2016FY2025

Free cash flow

$267.7m

FY2016FY2025

Shareholders' equity

$4.79bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$4.91bn$4.79bn$4.41bn$3.92bn$3.19bn$2.89bn$2.93bn$2.70bn$2.59bn$2.48bn
Gross profit$1.36bn$1.47bn$1.31bn$1.27bn$1.07bn$977.0m$983.9m$1.11bn$1.14bn$1.21bn
Operating income$362.3m$215.5m$69.4m$83.9m$77.4m$134.8m$168.2m$278.7m$163.7m$255.2m
Net income$292.3m$724.6m$205.3m$67.1m$352.1m$300.4m$327.9m$271.2m$302.0m$168.6m
Diluted earnings per share66.75166.9345.4714.0271.5358.4561.5551.0854.8330.34

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$8.40bn$7.68bn$7.19bn$6.55bn$7.43bn$6.44bn$5.93bn$4.76bn$4.94bn$4.43bn
Cash and short-term investments$1.36bn$1.12bn$866.9m$791.7m$970.3m$1.01bn$814.0m$767.8m$947.2m$1.10bn
Total liabilities$3.53bn$3.35bn$3.12bn$2.78bn$3.00bn$2.66bn$2.60bn$1.85bn$2.02bn$1.98bn
Debt$907.0m$930.8m$877.0m$771.8m$686.7m$521.8m$513.7m$477.1m$503.6m$504.4m
Shareholders' equity$4.79bn$4.26bn$3.98bn$3.73bn$4.40bn$3.76bn$3.32bn$2.92bn$2.92bn$2.45bn
Shares outstanding4m4m5m5m5m5m5m5m6m6m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$339.5m$407.0m$259.9m$235.6m$202.4m$210.7m$165.2m$287.0m$268.1m$261.3m
Capital spending−$71.9m−$82.9m−$93.4m−$82.7m−$162.5m−$69.6m−$93.5m−$98.2m−$60.4m−$66.6m
Free cash flow$267.7m$324.1m$166.4m$152.9m$39.9m$141.1m$71.7m$188.8m$207.7m$194.6m
Dividends paid−$31.4m−$30.3m−$31.0m−$30.7m−$30.1m−$30.0m−$29.6m−$28.6m−$28.3m−$27.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$1.30bn$1.24bn$1.25bn$1.28bn$1.22bn$1.17bn$1.25bn$1.21bn
Gross profit$392.0m$378.8m$344.4m$345.5m$349.4m$318.2m$399.9m$380.4m
Operating income$83.6m$76.9m$60.5m$73.2m$72.7m$47.4m$118.7m$81.6m
Net income$281.1m$29.1m$108.7m$122.9m$36.7m$23.9m$548.8m$72.5m
Diluted earnings per share65.246.7524.8328.078.395.46126.4216.70
Cash from operations$52.0m$67.0m$20.0m$178.0m$94.0m$46.0m$116.0m$237.0m
Capital spending−$20.0m−$19.0m−$23.0m−$16.0m−$16.0m−$15.0m−$25.0m−$18.0m
Free cash flow$32.0m$48.0m−$3.0m$162.0m$78.0m$31.0m$91.0m$219.0m
Total assets$8.14bn$8.18bn$8.40bn$7.85bn$7.62bn$7.62bn$7.68bn$7.42bn
Cash and short-term investments$1.25bn$1.11bn$1.36bn$1.20bn$1.07bn$1.07bn$1.12bn$1.08bn
Debt$961.7m$880.6m$971.1m$808.0m$890.4m$938.1m$1.02bn$952.2m
Shareholders' equity$4.76bn$4.73bn$4.79bn$4.46bn$4.35bn$4.29bn$4.26bn$4.00bn

Financial ratios

Data as of 17 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin27.6%30.6%29.7%32.3%33.6%33.8%
Operating margin11.6%25.3%8.2%4.5%15.2%15.4%
Net margin6.0%15.1%4.6%1.7%11.1%10.4%
Return on equity6.1%17.0%5.2%1.8%8.0%8.0%
Return on assets3.5%9.4%2.9%1.0%4.7%4.7%
Free cash flow yield7.8%9.4%6.5%5.5%6.2%4.5%
Revenue growth2.5%8.5%12.5%23.2%10.3%-1.5%
Earnings growth-59.7%253.0%206.0%-80.9%17.2%-8.4%
Current ratio1.75x1.75x1.50x1.47x1.58x1.87x
Debt to equity0.20x0.19x0.22x0.21x0.17x0.16x
Equity ratio57.1%55.4%55.3%56.9%59.2%58.3%
Interest coverage4.78x6.50x5.72x3.24x14.25x11.63x
Buybacks as a share of market value-0.9%3.9%5.7%2.8%4.2%3.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.8%11.2%6.6%
Operating income62.9%21.9%—
Net income63.3%-0.5%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin29.1%29.9%30.9%35.5%
Operating margin6.0%4.1%3.9%4.6%
Net margin10.5%7.1%8.1%7.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings16.55.215.343.18.89.110.412.510.216.9
Price to sales1.00.80.70.71.00.91.21.31.21.1

Market value over time

31 Aug 2016 to 16 Oct 2026, in USD

$2.94bn$5.18bn

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return29%27%16%4%12%-23%3%10%6%15%

Dividends and splits

Per share, in the currency the company pays

Paid for 12 years. Last went ex-dividend on 15 Oct 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year7.527.206.886.606.326.045.805.56

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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