Graham Holdings Company
Consumer DefensiveNYSE:GHC · New York Stock Exchange
+$17.24 today
Vol 0.01M · Avg 0.02M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$5.0B of revenue converted into $297.5M of net income for the selected period. Gross margin is 28.5% and net margin is 5.9%, showing how much revenue survives after costs and taxes. EPS is $67.59, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.9B +2.5% | $4.8B +8.5% | $4.4B +12.5% | $3.9B +23.2% | $3.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.6B +6.9% | $3.3B +7.1% | $3.1B +16.8% | $2.7B +25.7% | $2.1B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.4B -7.4% | $1.5B +11.8% | $1.3B +3.6% | $1.3B +18.2% | $1.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 27.6% -3.0pp | 30.6% +0.9pp | 29.7% -2.6pp | 32.3% -1.4pp | 33.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.1B +2.7% | $1.1B +6.9% | $1.0B +9.3% | $921.7M +10.8% | $831.9M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.1B -11.6% | $1.3B +0.7% | $1.2B +5.0% | $1.2B +19.0% | $994.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $172.2M -27.4% | $237.2M -21.7% | $302.9M -7.8% | $328.7M +39.3% | $236.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $740.9M -48.8% | $1.4B +117.7% | $665.2M +31.8% | $504.8M -29.8% | $719.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 15.1% -15.1pp | 30.2% +15.2pp | 15.1% +2.2pp | 12.9% -9.7pp | 22.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $251.8M +16.8% | $215.5M +210.6% | $69.4M -17.3% | $83.9M +8.4% | $77.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.1% +0.6pp | 4.5% +2.9pp | 1.6% -0.6pp | 2.1% -0.3pp | 2.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $8.3M -16.3% | $9.9M +38.6% | $7.1M +120.8% | $3.2M -5.4% | $3.4M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $119.1M -36.0% | $186.1M +194.1% | $63.3M +16.4% | $54.4M +60.3% | $33.9M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $197.9M -75.5% | $809.2M +252.4% | $229.6M +506.9% | $37.8M -89.8% | $372.3M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $449.7M -56.1% | $1.0B +242.7% | $299.0M +145.6% | $121.7M -72.9% | $449.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 9.2% -12.2pp | 21.4% +14.6pp | 6.8% +3.7pp | 3.1% -11.0pp | 14.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $146.4M -49.9% | $292.1M +234.6% | $87.3M +70.2% | $51.3M -46.7% | $96.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $292.3M -59.7% | $724.6M +253.0% | $205.3M +206.0% | $67.1M -80.9% | $352.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | 6.0% -9.2pp | 15.1% +10.5pp | 4.6% +2.9pp | 1.7% -9.3pp | 11.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $67 -59.2% | $165 +274.5% | $44 +217.9% | $14 -80.4% | $71 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $66 -59.3% | $163 +272.9% | $44 +217.8% | $14 -80.4% | $70 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $4.3M -0.9% | $4.4M -5.8% | $4.6M -3.8% | $4.8M -2.6% | $5.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $4.4M -0.7% | $4.4M -5.4% | $4.7M -3.8% | $4.8M -2.6% | $5.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Adecoagro S.A.
NYSE:AGRO
$6.56B
PriceSmart, Inc.
NASDAQ:PSMT
$5.62B
Laureate Education, Inc.
NASDAQ:LAUR
$5.15B
Grand Canyon Education, Inc.
NASDAQ:LOPE
$3.91B
Adtalem Global Education Inc.
ATGE
$3.87B
Cal-Maine Foods, Inc.
NASDAQ:CALM
$3.70B
The Marzetti Company
NASDAQ:MZTI
$3.06B
Coty Inc.
NYSE:COTY
$1.83B
BellRing Brands, Inc.
NYSE:BRBR
$1.02B
Embotelladora Andina S.A.
AKO
$0.00
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GHC generate?
Graham Holdings Company (GHC) reported $4.91B of revenue in fiscal 2025.
Is GHC profitable?
Graham Holdings Company (GHC) reported $292.29M of net income, with a net margin of 6.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.