GRAHAM HOLDINGS financials
$1,127.83−1.07%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.91B | $4.79B | $4.41B | $3.92B | $3.19B | $2.89B | $2.93B | $2.70B | $2.59B | $2.48B |
| Gross profit | $1.47B | $1.47B | $1.31B | $1.27B | $1.07B | $977.0M | $983.9M | $1.11B | $2.59B | $2.48B |
| Gross margin | 29.9% | 30.6% | 29.7% | 32.3% | 33.6% | 33.8% | 33.6% | 41.1% | 100.0% | 100.0% |
| Operating income | $234.9M | $215.5M | $69.4M | $281.8M | $186.6M | $159.7M | $307.3M | $366.7M | $209.1M | $303.5M |
| Net income | $290.7M | $719.7M | $203.9M | $66.7M | $349.8M | $298.7M | $326.1M | $269.5M | $299.2M | $166.5M |
| Net margin | 5.9% | 15.0% | 4.6% | 1.7% | 11.0% | 10.3% | 11.1% | 10.0% | 11.5% | 6.7% |
| Diluted EPS | $66.47 | $163.40 | $43.82 | $13.79 | $70.45 | $58.13 | $61.21 | $50.20 | $53.89 | $29.80 |
| EBITDA | $372.0M | $439.3M | $403.6M | $672.0M | $455.5M | $351.1M | $438.1M | $487.1M | $332.0M | $398.0M |
| Operating cash flow | $347.2M | $407.0M | $259.9M | $235.6M | $202.4M | $210.7M | $165.2M | $287.0M | $268.1M | $247.0M |
| Free cash flow | $275.3M | $324.1M | $166.4M | $152.9M | $39.9M | $141.1M | $71.7M | $188.8M | $207.7M | $180.4M |
| Diluted shares | 4.4M | 4.4M | 4.7M | 4.8M | 5.0M | 5.1M | 5.3M | 5.4M | 5.6M | 5.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $267.0M | $260.9M | $169.9M | $169.3M | $145.9M | $414.0M |
| Short-term investments | $1.09B | $858.7M | $697.0M | $622.4M | $824.4M | $587.6M |
| Total debt | $887.6M | $748.2M | $811.8M | $726.4M | $667.5M | $512.6M |
| Total assets | $8.40B | $7.68B | $7.19B | $6.55B | $7.43B | $6.44B |
| Total liabilities | $3.53B | $3.19B | $3.16B | $2.78B | $2.99B | $2.66B |
| Shareholders' equity | $4.83B | $4.29B | $4.00B | $3.75B | $4.41B | $3.77B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology