GHC
$1,203.26+0.38%
Graham Holdings CompanyStock · IndustrialsRussell 2000 0.1%Russell 2000 0.04%US Stock Market 0.005%Russell 3000 0.005%US Stock Market 0.002%Russell 3000 0.002%
GHC financial statements
The full income statement, balance sheet, and cash-flow statement for Graham Holdings Company (GHC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 4.4M2024-09 4.4M2024-12 4.4M2025-03 4.4M2025-06 4.4M2025-09 4.4M2025-12 4.4M2026-03 4.2M2026-06 4.2M-3.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.91B+2.5% | 4.79B+8.5% | 4.41B+12.5% | 3.92B+23.2% | 3.19B+10.3% | |
| Amortization of intangibles | 32.0M-13.7% | 37.1M-25.8% | 50.0M-15.0% | 58.9M+1.7% | 57.9M+1.9% | |
| Provision for credit losses | 3.88M+8.1% | 3.59M-40.6% | 6.04M | — | — | |
| Operating income | 235M+9.0% | 216M+210.6% | 69.4M-17.3% | 83.9M+8.4% | 77.4M-22.9% | |
| Interest expense | 119M-36.2% | 186M+194.1% | 63.3M+16.4% | 54.4M+60.3% | 33.9M-11.4% | |
| Interest & investment income | 8.26M-16.3% | 9.87M+38.6% | 7.12M+120.8% | 3.23M-5.4% | 3.41M-11.9% | |
| Net interest income | — | — | -56.2M-9.8% | -51.2M-67.6% | -30.5M+11.3% | |
| Other non-operating income | -18.9M-250.3% | 12.5M-34.3% | 19.1M-43.0% | 33.5M+2.9% | 32.6M-84.8% | |
| Equity-method income | 16.4M+596.3% | -3.30M+36.3% | -5.18M-82.7% | -2.84M-115.8% | 17.9M+168.8% | |
| Gain (loss) on equity securities | 200M+10.4% | 181M+31.3% | 138M+198.9% | -140M-157.4% | 243M+299.9% | |
| Pre-tax income | 450M-56.1% | 1.02B+242.7% | 299M+145.6% | 122M-72.9% | 450M+10.4% | |
| Income tax | 146M-49.9% | 292M+234.6% | 87.3M+70.2% | 51.3M-46.7% | 96.3M-10.3% | |
| 292M-59.7% | 725M+253.0% | 205M+206.0% | 67.1M-80.9% | 352M+17.2% | ||
| Net income to non-controlling interest | 11.0M+37.6% | 7.98M+24.3% | 6.42M+91.2% | 3.35M | 0.00 | |
| Net income to common | 291M-59.6% | 720M+252.9% | 204M+205.8% | 66.7M-80.9% | 350M+17.1% | |
| $66.47-59.3% | $163.40+272.9% | $43.82+217.8% | $13.79-80.4% | $70.45+21.2% | ||
| EPS (basic) | $67.11-59.2% | $164.62+274.5% | $43.96+217.9% | $13.83-80.4% | $70.65+21.2% | |
| Weighted-avg shares (basic) | 4.33M-0.9% | 4.37M-5.8% | 4.64M-3.8% | 4.82M-2.6% | 4.95M-3.4% | |
| Weighted-avg shares (diluted) | 4.37M-0.7% | 4.41M-5.4% | 4.65M-3.8% | 4.84M-2.6% | 4.96M-3.4% | |
| Dividends per share | $7.20+4.7% | $6.88+4.2% | $6.60+4.4% | $6.32+4.6% | $6.04+4.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.43B+15.8% | 2.10B+13.5% | 1.85B+10.1% | 1.68B-9.1% | 1.85B+4.1% | ||
| Cash & equivalents | 267M+2.4% | 261M+53.5% | 170M+0.3% | 169M+16.1% | 146M-64.8% | |
| Accounts receivable | 519M+8.6% | 478M-3.7% | 496M-1.7% | 505M-14.4% | 590M+13.5% | |
| Prepaid expenses | 125M+7.2% | 116M-2.9% | 120M+23.1% | 97.5M+19.2% | 81.7M+8.2% | |
| Other current assets | 10.3M+35.0% | 7.61M+486.1% | 1.30M-16.1% | 1.55M+24.7% | 1.24M+31.7% | |
| 8.40B+9.4% | 7.68B+6.8% | 7.19B+9.7% | 6.55B-11.7% | 7.43B+15.2% | ||
| Property, plant & equipment | 587M+6.9% | 549M-2.0% | 560M+11.4% | 503M+7.4% | 468M+23.7% | |
| Operating lease right-of-use | 405M+4.2% | 388M-5.1% | 409M-4.7% | 429M-2.0% | 438M-5.3% | |
| Goodwill | 1.59B+5.7% | 1.50B-1.6% | 1.53B-2.3% | 1.56B-5.4% | 1.65B+11.1% | |
| Intangible assets | 61.6M+8.7% | 56.7M-49.5% | 112M-30.5% | 161M-34.7% | 247M+20.8% | |
| Deferred tax assets | 9.69M+8.8% | 8.91M-15.8% | 10.6M+55.3% | 6.81M-13.8% | 7.90M-5.9% | |
| Other non-current assets | 143M-38.3% | 231M-0.8% | 233M+23.2% | 189M+15.7% | 164M+11.4% | |
| 1.39B+15.7% | 1.20B-2.4% | 1.23B+7.4% | 1.15B-1.8% | 1.17B+22.8% | ||
| Accounts payable | 181M+12.9% | 160M+3.8% | 154M+13.4% | 136M+7.2% | 127M+19.6% | |
| Accrued liabilities | 722M+1.3% | 713M+2.6% | 695M+20.9% | 574M-1.6% | 584M+12.2% | |
| Deferred revenue | 412M+5.3% | 391M-1.5% | 397M+16.2% | 341M-4.9% | 359M+8.4% | |
| Short-term & current debt | 175M+559.0% | 26.6M-60.2% | 66.8M-57.2% | 156M+9.9% | 142M+2097.0% | |
| Current lease liability | 64.3M+10.4% | 58.2M-9.4% | 64.2M-8.2% | 70.0M-9.8% | 77.7M-10.5% | |
| Finance lease liability (current) | 17.1M-5.4% | 18.0M+3.9% | 17.4M+99.6% | 8.70M | — | |
| 3.53B+5.4% | 3.35B+5.8% | 3.16B+13.8% | 2.78B-7.4% | 3.00B+12.5% | ||
| Long-term debt | 706M-2.2% | 722M-3.1% | 745M+30.6% | 571M+8.5% | 526M+3.9% | |
| Non-current lease liability | 378M+4.1% | 363M-3.7% | 377M-4.3% | 394M-2.9% | 405M-5.5% | |
| Operating lease liability (total) | 442M+5.0% | 421M-4.5% | 441M-4.9% | 464M-4.0% | 483M-6.4% | |
| Finance lease liability (total) | 24.1M+4.5% | 23.1M-3.6% | 23.9M+70.2% | 14.1M | — | |
| Finance lease liability | 7.06M+39.9% | 5.05M-23.2% | 6.57M+22.5% | 5.36M | — | |
| Deferred tax liabilities | 891M+20.5% | 739M+23.2% | 600M+28.7% | 466M-31.1% | 677M+29.8% | |
| Other non-current liabilities | 28.6M+4.7% | 27.4M-14.7% | 32.1M-14.5% | 37.5M+2.8% | 36.5M-25.2% | |
| 4.79B+12.6% | 4.26B+7.1% | 3.98B+6.5% | 3.73B-15.2% | 4.40B+17.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 20.0M+0.0% | 20.0M+0.0% | 20.0M+0.0% | 20.0M+0.0% | 20.0M+0.0% | |
| Additional paid-in capital | 380M+6.4% | 357M-4.1% | 372M-4.7% | 390M+0.3% | 389M+0.3% | |
| Retained earnings | 8.29B+3.2% | 8.03B+9.5% | 7.34B+2.4% | 7.16B+0.5% | 7.13B+4.7% | |
| Treasury stock | 4.49B-0.0% | 4.49B+2.7% | 4.37B+4.5% | 4.18B+1.7% | 4.11B+1.3% | |
| Non-controlling interest | 33.3M+10.4% | 30.2M+15.4% | 26.1M+22.8% | 21.3M+76.1% | 12.1M+70.4% | |
| Total equity incl. non-controlling | 4.83B+12.6% | 4.29B+7.1% | 4.00B+6.6% | 3.75B-14.9% | 4.41B+17.1% | |
| Total liabilities & equity | 8.40B+9.4% | 7.68B+6.8% | 7.19B+9.7% | 6.55B-11.7% | 7.43B+15.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 347M-14.7% | 407M+56.6% | 260M+10.3% | 236M+16.4% | 202M-3.9% | ||
| Depreciation & amortization | 112M-9.5% | 124M-8.8% | 136M+3.0% | 132M+2.2% | 129M-1.3% | |
| Intangible amortization | 32.0M-13.7% | 37.1M-25.8% | 50.0M-15.0% | 58.9M+1.7% | 57.9M+1.9% | |
| Share-based compensation | 5.72M-9.6% | 6.33M-5.8% | 6.71M+9.7% | 6.12M+8.2% | 5.66M-10.9% | |
| Deferred income taxes | 92.5M-59.3% | 227M+419.6% | 43.8M+1238.5% | -3.84M-105.9% | 65.0M+352.4% | |
| Change in receivables | 11.2M+198.9% | -11.3M-37.5% | -8.23M+81.9% | -45.5M-196.0% | 47.4M+177.3% | |
| Change in inventory | -35.3M-325.3% | -8.30M-113.2% | 62.9M-2.3% | 64.3M+1513.4% | -4.55M-20.2% | |
| Other operating activities | -92.0K-105.2% | 1.79M+147.8% | -3.74M-178.2% | 4.78M+286.3% | 1.24M+188.6% | |
| -179M-187.9% | -62.3M+59.3% | -153M+16.9% | -184M+62.8% | -495M-348.1% | ||
| Capital expenditure | 71.9M-13.3% | 82.9M-11.3% | 93.4M+13.0% | 82.7M-49.1% | 163M+133.6% | |
| Free cash flow | 275M-15.0% | 324M+94.7% | 166M+8.8% | 153M+283.4% | 39.9M-71.7% | |
| Acquisitions | 71.2M+1629.8% | 4.12M-94.7% | 78.1M-39.9% | 130M-63.0% | 352M+1652.4% | |
| Other investing activities | -6.91M-59.1% | -4.34M-69.6% | -2.56M-146.4% | -1.04M-86.5% | -557K+73.1% | |
| -165M+31.3% | -241M-141.4% | -99.8M-451.4% | -18.1M-158.4% | 31.0M+115.2% | ||
| Long-term debt issued | 539M+38697.3% | 1.39M-99.5% | 293M+279.5% | 77.3M+10.1% | 70.2M+3267.8% | |
| Long-term debt repaid | 558M+1822.7% | 29.0M-76.2% | 122M+740.5% | 14.5M-70.8% | 49.6M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 3.47M-97.0% | 114M-40.9% | 193M+170.6% | 71.4M+28.2% | 55.7M-65.6% | |
| Dividends paid | 31.4M+3.3% | 30.3M-2.0% | 31.0M+0.8% | 30.7M+1.9% | 30.1M+0.6% | |
| Other financing activities | -3.39M+46.0% | -6.29M-575.5% | 1.32M+131.8% | -4.17M-222.1% | 3.41M+902.4% | |
| FX effect on cash | 11.3M+246.0% | -7.73M-275.9% | 4.39M+338.5% | -1.84M+39.2% | -3.03M-201.7% | |
| Net change in cash | 13.6M-85.9% | 96.0M+737.4% | 11.5M-63.7% | 31.6M+112.0% | -264M-226.4% | |
| Interest paid | 63.0M-8.7% | 69.0M+35.3% | 51.0M+37.8% | 37.0M+23.3% | 30.0M-3.2% | |
| Income taxes paid | 62.8M-0.7% | 63.3M+61.1% | 39.3M-18.2% | 48.0M+23.1% | 39.0M-57.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.81B+26.9% | 3.79B+18.4% | 3.21B+10.1% | 2.91B-6.0% | 3.10B+16.7% | |
| P/E | 16.5×+214.6% | 5.2×-74.2% | 20.3×+1.3% | 20.0×+127.3% | 8.8×-0.5% | |
| P/S | 1.0×+23.8% | 0.8×+6.5% | 0.7×-5.0% | 0.8×-19.6% | 1.0×+5.8% | |
| P/B | 1.0×+12.7% | 0.9×+2.6% | 0.9×+27.1% | 0.7×-2.9% | 0.7×-0.3% | |
| P/FCF | 17.5×+49.4% | 11.7×-46.1% | 21.7×-3.1% | 22.4×-71.2% | 77.7×+312.6% | |
| Earnings yield | 6.1%-68.2% | 19.1%+287.0% | 4.9%-1.3% | 5.0%-56.0% | 11.4%+0.5% | |
| FCF yield | 5.7%-33.1% | 8.5%+85.4% | 4.6%+3.1% | 4.5%+247.1% | 1.3%-75.8% | |
| Dividend yield | 0.66%-16.9% | 0.79%-16.7% | 0.95%-9.4% | 1.0%+9.1% | 0.96%-11.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GHC’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GHC filings on SEC EDGAR → Not investment advice.