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Graham Holdings GHC Services — Cost of services and goods

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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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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, except per share amounts)Three Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Sales of goods637,941547,1451,200,1341,065,553
1,302,5061,215,7722,538,4982,381,687
Operating Costs and Expenses
Cost of services sold (exclusive of items shown below)384,996389,316779,989775,452
Cost of goods sold (exclusive of items shown below)525,479450,122987,686883,344
Selling, general and administrative284,138276,690561,619547,396
Depreciation of property, plant and equipment18,28119,65236,67540,206
Amortization of intangible assets5,9787,24112,03315,065

Item 1. Financial Statements.

FAQ

What is Graham Holdings's services — cost of services and goods?
Graham Holdings (GHC) reported services — cost of services and goods of $385M in Q2 2026.
How has Graham Holdings's services — cost of services and goods changed year-over-year?
Graham Holdings's services — cost of services and goods decreased by 1.1% year-over-year, from $389.32M to $385M.
What is the long-term trend for Graham Holdings's services — cost of services and goods?
Over 4 years (2021 to 2025), Graham Holdings's services — cost of services and goods has grown at a 6.0% compound annual growth rate (CAGR), from $1.24B to $1.57B.
What does services — cost of services and goods mean?
This metric captures the direct costs and expenses directly attributable to the production and delivery of services and goods within the company's service segments. It includes items such as labor, materials, and direct overhead required to fulfill service obligations to customers. Monitoring this metric is essential for evaluating the direct cost structure and gross margin efficiency of the company's service-based business lines.

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