tradmap

GHC Financials Graham Holdings Co

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 11.2% per year over the past 5 years.
  • Net income has grown slower than revenue (-0.5% vs 11.2% per year).
  • Operating margin has expanded, at 4.8% in the latest year.
  • Free cash flow has grown 14.3% per year over the past 5 years.

Financial health

  • Total debt ($881M) exceeds cash ($267M); net debt is $614M.
  • Total debt has grown in line with revenue (11.4% vs 11.2% per year).
  • Operating income covered interest expense 2.0× in the latest year.
  • Total debt is 3.7× EBITDA.
Revenue & net income
-$101M $2B $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 8% 15% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$66M $129M $324M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $440M $881M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$495M -$5M $484M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $4.9B $292M 0.0% 4.8% $275M $881M $267M
2024 $4.8B $725M 0.0% 4.5% $324M $748M $261M
2023 $4.4B $205M 0.0% 1.6% $166M $812M $170M
2022 $3.9B $67M 0.0% 2.1% $153M $726M $169M
2021 $3.2B $352M 0.0% 2.4% $40M $668M $146M
2020 $2.9B $300M 0.0% 3.5% $141M $513M $414M
2019 $2.9B $328M 0.0% 4.9% $72M $513M $200M
2018 $2.7B $271M 0.0% 9.1% $189M $477M $253M
2017 $2.6B $302M 0.0% 5.3% $208M $493M $390M
2016 $2.5B $169M 0.0% 9.0% $195M $492M $649M
2015 — -$101M — — -$66M $400M $754M
2014 — $1.3B — — $76M $446M $773M
2013 — $237M — — $104M $448M $570M
2012 — $132M — — $259M $453M $512M
2011 — $117M — — $177M $562M $381M

Valuation over time

How the market has priced GHC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 22.5 45.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.5 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is GHC growing its revenue and profit?

Over the past 5 years, Graham Holdings Co's revenue has grown 11.2% per year, and net income declined 0.5% per year. These are computed facts, not advice.

How much debt does GHC have?

As of FY2025, Graham Holdings Co reported $881M of total debt against $267M of cash; operating income covered interest expense 2.0×.

What is GHC's profit margin?

In FY2025, gross margin was —, operating margin 4.8%, and net margin 6.0%.

What is GHC's P/E ratio?

As of Jun '26, Graham Holdings Co traded at a price-to-earnings ratio of about 16.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.