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Graham Holdings GHC Automotive — Management Services

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OAutomotive Services — Encumbrances
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OAutomotive Services — Accumulated Depreciation
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OAutomotive Services — Carrying Costs
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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
FCF margin4.9%-3.8pp

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

Reported directly by Graham Holdings in its filing.

Tagged under the XBRL concept ghc:ManagementServicesExpense.

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

Filed
Jul 30, 2026, 8:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050826
(in thousands)EducationTelevision BroadcastingHealthcareManufacturingAutomotiveTotal Segments
Occupancy Expense25,4972,00927,506
Advertising and Marketing Expense19,56919,569
Networking and Programming Expense29,84629,846
Management Services (5)2,3252,325
Other Segment Items (6)38,87516,23256,89920,03710,918142,961
Earnings Before Interest, Income Taxes, Depreciation, Amortization and Pension Service Cost (EBITDAP)$60,850$35,807$28,256$15,136$10,058$150,107
Pension Service Cost4,6721,6191,6431,255519,240
Depreciation Expense5,6592,3451,9133,0371,93714,891

Item 1. Financial Statements.

FAQ

What is Graham Holdings's automotive — management services?
Graham Holdings (GHC) reported automotive — management services of $2.33M in Q2 2026.
How has Graham Holdings's automotive — management services changed year-over-year?
Graham Holdings's automotive — management services increased by 12.9% year-over-year, from $2.06M to $2.33M.
What is the long-term trend for Graham Holdings's automotive — management services?
Over 3 years (2022 to 2025), Graham Holdings's automotive — management services has grown at a 13.5% compound annual growth rate (CAGR), from $5.74M to $8.39M.
What does automotive — management services mean?
The expenses incurred for administrative, operational, or strategic support services provided to the automotive segment, often by corporate headquarters or third-party providers. This metric helps assess the overhead costs allocated to the segment to maintain centralized operational standards.

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