What is Graham Holdings's net debt?

Graham Holdings (GHC) reported net debt of $1.12B in Q1 2026.

How has Graham Holdings's net debt changed year-over-year?

Graham Holdings's net debt decreased by 9.7% year-over-year, from $1.24B to $1.12B.

What is the long-term trend for Graham Holdings's net debt?

Over 5 years (2020 to 2025), Graham Holdings's net debt has grown at a 14.6% compound annual growth rate (CAGR), from $611.6M to $1.21B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Graham Holdings GHC Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

WingstopWING

5.3×-0.3×

PBF EnergyPBF

0.6×+0.4×

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Other financials

Income statement

See full

Revenue$1.2B+6.0%

Gross profit$340.5M-2.3%

Operating income$57.8M+21.8%

Net income$29.1M+21.8%

EPS (diluted)$6.62+21.5%

Balance sheet

See full

Cash & equivalents$234.0M+13.1%

Total debt$1.4B-6.4%

Total equity$4.7B+10.2%

Total assets$8.2B+7.4%

Cash flow

See full

Operating cash flow$67.7M+47.2%

CapEx$19.2M+23.8%

Free cash flow$48.6M+59.0%

Valuation

See full

Market cap$4.93B+9.7%

Profitability

See full

Gross margin29.7%-2.6pp

Operating margin4.9%+0.2pp

Net margin6%-7.0pp

FCF margin5.9%-1.9pp

Returns & leverage

See full

Return on equity6.6%-8.4pp

Debt / equity0.3×-0.1×

Current ratio1.8×+0.2×

Where this comes from

Calculated from Graham Holdings’s reported figures.

$1.4Btotal debt−$234.0Mcash and equivalents=$1.12B

The official record: Graham Holdings’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

Ask your AI about Graham Holdings's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Graham Holdings's net debt?: Graham Holdings (GHC) reported net debt of $1.12B in Q1 2026.
How has Graham Holdings's net debt changed year-over-year?: Graham Holdings's net debt decreased by 9.7% year-over-year, from $1.24B to $1.12B.
What is the long-term trend for Graham Holdings's net debt?: Over 5 years (2020 to 2025), Graham Holdings's net debt has grown at a 14.6% compound annual growth rate (CAGR), from $611.6M to $1.21B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.