Graham Holdings Company

GHC Industrials Conglomerates

Graham Holdings Company’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 2.52% from fiscal 2024.

Revenue
+3.69%
EPS
−36.9%
Free cash flow
−42.9%
Total debt
+16.6%

Quarter to September 2026, against a year earlier

1,218.14 0.28 +0.02%
Market cap
$5.1B
P/E
10.6×
Fwd P/E
15.5×
Dividend yield
0.62%
F-score
6/9
Altman Z
3.01
Beneish M
−2.35
Dividend safety
55/100

Graham Holdings Company (GHC) Gross margin

Alert me on Gross margin

Graham Holdings Company's gross margin over the twelve months to 30 September 2026 was 30.0%, up 0.1 percentage points from fiscal 2025 (29.9%). Over the past ten years it has ranged from 29.7% (fiscal 2023) to 53.4% (fiscal 2015); the current reading is higher than 18% of that period. That is in line with the Conglomerates industry median of 30.3% and in line with the Industrials sector median of 30.6%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 29.9% (0.68)
FY2024 30.6% 0.89
FY2023 29.7% (2.56)
FY2022 32.3% (1.35)
FY2021 33.6% (0.19)
FY2020 33.8% 0.27
FY2019 33.6% (7.60)
FY2018 41.2% (2.74)
FY2017 43.9% (4.94)
FY2016 48.8% (4.53)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 29.6% (0.52)
Jun 2026 30.1% (0.55)
Mar 2026 30.7% 0.87
Dec 2025 29.8% 0.50
43 more quarters

Against its own ten years

Low 29.7% High 53.4%
Ten-year median 33.6%
Current reading's percentile 16

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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