Graham Holdings Company (GHC) — Financial statements
Income statement, balance sheet, and cash flow for Graham Holdings Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 4,912↑2.5% | 4,791↑8.5% | 4,415↑12.5% | 3,924↑23.2% | 3,186 | |
| Cost of Revenue | 3,554↑6.9% | 3,325↑7.1% | 3,103↑16.8% | 2,658↑25.7% | 2,115 | |
| Gross Profit | 1,357↓7.4% | 1,466↑11.8% | 1,312↑3.6% | 1,267↑18.2% | 1,071 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00↓100.0% | 874↑20.7% | 724↑0.2% | 723 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 134↓32.4% | 198↑81.2% | 109 | |
| SG&A Expenses | 1,106↑2.7% | 1,077↑6.9% | 1,007↑9.3% | 922↑10.8% | 832 | |
| Other Expenses | 0.00↓100.0% | 174↓26.0% | 235↓9.9% | 261↑61.0% | 162 | |
| Operating Expenses | 1,106↓11.6% | 1,251↑0.7% | 1,243↑5.0% | 1,183↑19.0% | 994 | |
| Total Costs & Expenses | 4,660↑1.8% | 4,575↑5.3% | 4,345↑13.1% | 3,841↑23.5% | 3,109 | |
| Operating Results | ||||||
| Operating Income | 252↑16.8% | 216↑210.6% | 69↓17.3% | 84↑8.4% | 77 | |
| Depreciation & Amortization | 172↓27.4% | 237↓21.7% | 303↓7.8% | 329↑39.3% | 236 | |
| EBITDA | 424↓70.7% | 1,448↑117.7% | 665↑31.8% | 505↓29.8% | 720 | |
| EBIT | 252↓79.2% | 1,211↑234.2% | 362↑105.7% | 176↓63.6% | 484 | |
| Interest & Other Income | ||||||
| Net Interest Income | -111↑37.1% | -176↓213.8% | -56↓9.8% | -51↓67.6% | -31 | |
| Interest Income | 8↓16.3% | 10↑38.6% | 7↑120.8% | 3↓5.4% | 3 | |
| Interest Expense | 119↓36.0% | 186↑194.1% | 63↑16.4% | 54↑60.3% | 34 | |
| Non-Operating Income | 0.00↑100.0% | -995↓239.8% | -293↓217.6% | -92↑77.3% | -406 | |
| Other Income / Expenses | 198↓75.5% | 809↑252.4% | 230↑506.9% | 38↓89.8% | 372 | |
| Income Before Tax | 450↓56.1% | 1,025↑242.7% | 299↑145.6% | 122↓72.9% | 450 | |
| Income Tax Expense | 146↓49.9% | 292↑234.6% | 87↑70.2% | 51↓46.7% | 96 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 303↓58.6% | 733↑246.1% | 212↑200.6% | 70↓80.1% | 353 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 292↓59.7% | 725↑253.0% | 205↑206.0% | 67↓80.9% | 352 | |
| Bottom-Line Net Income | 291↓59.6% | 720↑252.9% | 204↑205.8% | 67↓80.9% | 350 | |
| EPS (Basic) | 67.11↓59.2% | 164.62↑274.5% | 43.96↑217.9% | 13.83↓80.4% | 70.66 | |
| EPS (Diluted) | 66.47↓59.3% | 163.40↑272.9% | 43.82↑217.8% | 13.79↓80.4% | 70.46 | |
| Weighted Average Shares | 4↓0.9% | 4↓5.8% | 5↓3.8% | 5↓2.6% | 5 | |
| Weighted Average Diluted Shares | 4↓0.7% | 4↓5.4% | 5↓3.8% | 5↓2.6% | 5 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.