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Graham Holdings GHC Free cash flow margin

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MH
McGraw HillMH
32.3%

Other financials

Income statement

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Revenue$1.3B+7.1%
Gross profit$340.5M-2.3%
Operating income$83.6M+15.0%
Net income$281.1M+665%
EPS (diluted)$64.86+677%

Balance sheet

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Cash & equivalents$208.1M-9.3%
Total debt$1.5B-12.8%
Total equity$4.8B+9.4%
Total assets$8.1B+6.9%

Cash flow

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Operating cash flow$52.7M-44.4%
CapEx$20.1M+19.4%
Free cash flow$32.6M-58.2%

Valuation

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Market cap$5.06B+20.2%
Enterprise value$6.38B+11.3%
P/E9.3×+3.2×
P/S+0.1×

Profitability

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Gross margin29.7%-2.6pp
Operating margin5.1%-0.6pp
Net margin10.7%-3.4pp

Returns & leverage

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Return on equity11.9%-4.5pp
Debt / equity0.3×-0.1×
Current ratio1.9×+0.6×

Where this comes from

Calculated from Graham Holdings’s reported figures.

Based on trailing twelve months.

The source filing: Graham Holdings’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 8:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050826

FAQ

What is Graham Holdings's free cash flow margin?
Graham Holdings (GHC) reported free cash flow margin of 4.9% in Q2 2026.
How has Graham Holdings's free cash flow margin changed year-over-year?
Graham Holdings's free cash flow margin decreased by 43.6% year-over-year, from 8.7% to 4.9%.
What is the long-term trend for Graham Holdings's free cash flow margin?
Over 3 years (2022 to 2025), Graham Holdings's free cash flow margin has grown at a 12.9% compound annual growth rate (CAGR), from 3.9% to 5.6%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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