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

1,212.54 29.24 −2.35%
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) Operating margin

Alert me on Operating margin

Graham Holdings Company's operating margin over the twelve months to 30 September 2026 was 5.37%, up 0.6 percentage points from fiscal 2025 (4.78%). Over the past ten years it has ranged from −3.13% (fiscal 2015) to 9.13% (fiscal 2018); the current reading is higher than 64% of that period. That is above the Conglomerates industry median of 3.46% and in line with the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.78% 0.28
FY2024 4.50% 2.93
FY2023 1.57% (0.57)
FY2022 2.14% (0.29)
FY2021 2.43% (1.05)
FY2020 3.48% (1.45)
FY2019 4.93% (4.20)
FY2018 9.13% 3.87
FY2017 5.26% (3.72)
FY2016 8.98% 12.11

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 6.45% 0.03
Jun 2026 6.42% 1.74
Mar 2026 4.68% 0.88
Dec 2025 3.80% (1.45)
43 more quarters

Against its own ten years

Low −3.13% High 9.13%
Ten-year median 4.50%
Current reading's percentile 72

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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