GHC vs TAL
Graham Holdings Co. and TAL Education Group, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GHC | TAL |
|---|---|---|
| Revenue | $4.9B | $3.0B |
| Net income | $292.3M | $530.8M |
| Gross margin | · | 55.4% |
| Net margin | 6.2% | 17.6% |
| Return on equity | 6.5% | 14.1% |
| Diluted EPS | $66.47 | $2.75 |
| Dividend / share | $7.20 | · |
| Payout ratio | · | · |
| Free cash flow | $275.3M | $508.3M |
| Equity | $4.8B | $3.8B |
| Net debt / equity | 0.13× | · |
| Current ratio | 1.75× | 2.17× |
| Revenue CAGR 5y | 11.2% | −7.7% |
| Profit CAGR 5y | −0.5% | · |
GHC bills 1.6× the revenue of TAL, and TAL keeps more of each dollar of revenue as profit (17.6% against 6.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GHC | TAL |
|---|---|---|
| FY2025 | $4.9B | $3.0B |
| FY2024 | $4.8B | $2.3B |
| FY2023 | $4.4B | $1.5B |
| FY2022 | $3.9B | $1.0B |
| FY2021 | $3.2B | $4.4B |
| FY2020 | $2.9B | $4.5B |
| FY2019 | $2.9B | $3.3B |
| FY2018 | $2.7B | $2.6B |
| FY2017 | $2.6B | $1.7B |
| FY2016 | $2.5B | $1.0B |
Bottom line
| Fiscal year | GHC | TAL |
|---|---|---|
| FY2025 | $292.3M | $530.8M |
| FY2024 | $724.6M | $84.6M |
| FY2023 | $205.3M | $-3.6M |
| FY2022 | $67.1M | $-135.6M |
| FY2021 | $352.1M | $-1.1B |
| FY2020 | $300.4M | $-116.0M |
| FY2019 | $327.9M | $-110.2M |
| FY2018 | $271.2M | $367.2M |
| FY2017 | $302.0M | $198.4M |
| FY2016 | $168.6M | $116.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,902,655,000 | GHC |
| FY2024 | +$2,540,671,000 | GHC |
| FY2023 | +$2,924,437,000 | GHC |
| FY2022 | +$2,904,721,000 | GHC |
| FY2021 | −$1,204,933,000 | TAL |
| FY2020 | −$1,606,634,000 | TAL |
| FY2019 | −$341,209,000 | TAL |
| FY2018 | +$132,982,000 | GHC |
| FY2017 | +$876,830,000 | GHC |
| FY2016 | +$1,438,790,000 | GHC |
| FY2015 | +$1,966,165,223 | GHC |
| FY2014 | +$2,303,062,431 | GHC |
| FY2013 | +$2,286,706,795 | GHC |
| FY2012 | +$3,146,654,905 | GHC |
| FY2011 | +$3,348,477,328 | GHC |
| FY2010 | +$4,475,828,701 | GHC |
| FY2009 | +$4,256,751,453 | GHC |
The higher-revenue side has changed between GHC and TAL over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −11.4 pp | TAL |
| FY2024 | +11.5 pp | GHC |
| FY2023 | +5.1 pp | GHC |
| FY2022 | +14.7 pp | GHC |
| FY2021 | +37.6 pp | GHC |
| FY2020 | +13.6 pp | GHC |
| FY2019 | +15.1 pp | GHC |
| FY2018 | −4.2 pp | TAL |
| FY2017 | +0.3 pp | GHC |
| FY2016 | −4.0 pp | TAL |
| FY2015 | −20.4 pp | TAL |
| FY2014 | +31.8 pp | GHC |
| FY2013 | −10.2 pp | TAL |
| FY2012 | −10.9 pp | TAL |
| FY2011 | −10.4 pp | TAL |
| FY2010 | −15.7 pp | TAL |
| FY2009 | −18.5 pp | TAL |
The higher net margin has changed hands between GHC and TAL over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAL's net margin has been more volatile than GHC's over the 17 comparable fiscal years — 12.9 percentage points of standard deviation against 10.5.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GHC and TAL over these 17 fiscal years — GHC led in 8 and TAL in 9.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
TAL's return on equity has been more volatile than GHC's over the 17 comparable fiscal years — 21.4 percentage points of standard deviation against 9.0.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GHC and TAL over these 17 fiscal years — GHC led in 7 and TAL in 10.
17 of 17 comparable fiscal years — a year missing data on either side is not counted.