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Graham Holdings GHC Healthcare — Cost of Revenue

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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 us-gaap:CostOfRevenue.

The source filing: Graham Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 8:19 AM EST
Fiscal year
FY2025
Accession
0001628280-26-011405
(in thousands)EducationTelevision BroadcastingHealthcareManufacturingAutomotiveTotal Segments
Intersegment Elimination(2,495)
Total Consolidated Revenues$4,911,563
Less: Significant Expenses (2)
Cost of Revenue (3)659,029503,855316,467964,6482,443,999
Payroll and Fringe Benefits Expense (4)484,293107,07678,967670,336
Occupancy Expense108,8057,692116,497
Advertising and Marketing Expense78,26078,260
Networking and Programming Expense123,725123,725

Item 16. Form 10-K Summary.

FAQ

What is Graham Holdings's healthcare — cost of revenue?
Graham Holdings (GHC) reported healthcare — cost of revenue of $125.96M in Q4 2025.
How has Graham Holdings's healthcare — cost of revenue changed year-over-year?
Graham Holdings's healthcare — cost of revenue increased by 46.6% year-over-year, from $85.92M to $125.96M.
What is the long-term trend for Graham Holdings's healthcare — cost of revenue?
Over 2 years (2023 to 2025), Graham Holdings's healthcare — cost of revenue has grown at a 39.8% compound annual growth rate (CAGR), from $257.64M to $503.86M.
What does healthcare — cost of revenue mean?
This metric represents the direct costs attributable to the production and delivery of healthcare services within the segment. It includes expenses such as clinical labor, medical supplies, and direct patient care costs necessary to generate segment revenue.

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