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Graham Holdings GHC Non U.S. — Foreign assets

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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:EntityWideDisclosureOnGeographicAreasLongLivedAssetsExcludingGoodwillAndOtherIntangibleAssetsInForeignCountries.

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

Geographical Information. The Company’s non-U.S. revenues in 2025, 2024 and 2023 totaled approximately $1,074 million, $1,042 million and $930 million, respectively, primarily from Kaplan’s operations outside the U.S. Additionally, revenues in 2025, 2024 and 2023 totaled approximately $609 million, $618 million, and $543 million, respectively, from Kaplan’s operations in the U.K. The Company’s long-lived assets in non-U.S. countries (excluding goodwill and other intangible assets), totaled approximately $440 million and $455 million at December 31, 2025 and 2024, respectively.

Item 16. Form 10-K Summary.

FAQ

What is Graham Holdings's non U.S. — foreign assets?
Graham Holdings (GHC) reported non U.S. — foreign assets of $440M in Q4 2025.
How has Graham Holdings's non U.S. — foreign assets changed year-over-year?
Graham Holdings's non U.S. — foreign assets decreased by 3.3% year-over-year, from $455M to $440M.
What does non U.S. — foreign assets mean?
This metric measures the total book value of long-lived physical and operational assets held by the company in foreign jurisdictions. It excludes intangible assets and financial instruments to focus on the tangible infrastructure supporting international business activities. This figure provides insight into the company's capital commitment to foreign markets and the physical footprint required to sustain global revenue streams.

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