MARKETS / NYSE / GHC
NYSE · SERVICES-EDUCATIONAL SERVICES · LARGE CAP

Graham Holdings Co. GHC

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY9 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.9B
▲ 2.5% vs FY2024
Dividend streak
9 yrs
Raised every year since 2017
EPS · FY25
Dividend / sh · FY25
$7.20
Payout · FY25
ROE · FY25
6.5%
Net margin · FY25
6.0%
Dividend coverage
9.2×
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Result
USD 4.9B
Revenue, FY2025 · full 18-year series below
Revenue Net income
2464.90.32008201120142017202020232025
2464.90.32016201920222025

6 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
48127.202008201120142017202020232025
48127.202016201920222025

Earnings covered the dividend 9.2 times — the rest stayed in the company.

Profitability
6.5%
Return on equity, FY2025
ROE
2040606.5%2008201120142017202020232025
2040606.5%2016201920222025
Operating margin4.8%
Net margin6.0%
Return on assets3.6%

Each USD of equity produced 6 cents of profit this year.

Returned to shareholders
USD 3.5M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 3.5M
Share of profit1.2%
Consecutive raises9 years

USD 3.5M in buybacks — 1% of the year's profit went back to shareholders.

Growth
+11.2% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+7.8%
+11.2%
+6.6%
+0.5%
Net income
+63.3%
−0.5%
+0.3%
EPS, diluted
+68.9%
+2.7%
+5.2%
Dividend / share
+4.4%
+4.4%
−2.3%
−1.5%
Returned to shareholders
−63.2%
−52.0%
−7.6%
−28.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 8.4B
total assets, end of FY2025
Total assetsUSD 8.4B
EquityUSD 4.8B
CashUSD 267.0M
Gross debtUSD 880.8M
Net debtUSD 613.8M
Current ratio1.75×

Net debt stands at 13% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
4.9
4.8
4.4
3.9
3.2
2.9
2.9
2.7
2.6
2.5
2.6
2.7
2.6
3.4
3.5
4.6
4.3
4.2
Operating income $B
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.2
−0.1
0.2
0.1
0.1
0.3
0.6
0.3
0.2
EBITDA $B
0.3
0.3
0.2
0.2
0.1
0.2
0.2
0.3
0.2
0.3
−0.0
0.4
0.4
0.4
0.6
0.8
0.6
0.5
Income tax $B
0.1
0.3
0.1
0.1
0.1
0.1
0.1
0.1
−0.1
0.1
0.0
0.3
0.0
0.1
0.1
0.2
0.1
0.1
Net income $B
0.3
0.7
0.2
0.1
0.4
0.3
0.3
0.3
0.3
0.2
−0.1
1.3
0.2
0.1
0.1
0.3
0.1
0.1
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
7.20
6.88
6.60
6.32
6.04
5.80
5.56
5.32
5.08
4.84
9.10
10.20
·
9.80
9.40
9.00
8.60
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
112
64
30
88
125
ROE %
6.5
17.6
5.3
1.6
8.6
8.5
10.5
9.3
·
6.8
−3.6
40.2
8.0
5.1
4.3
9.7
3.2
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
51 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed