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Other financials

Income statement

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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

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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

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Operating cash flow$67.7M+47.2%
CapEx$19.2M+23.8%
Free cash flow$48.6M+59.0%

Valuation

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Market cap$4.93B+9.7%
Enterprise value$6.05B+5.3%
P/E16.6×+9.4×
P/S+0.1×

Profitability

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Gross margin29.7%-2.6pp
Operating margin4.9%+0.2pp
Net margin6%-7.0pp
FCF margin5.9%-1.9pp

Returns & leverage

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Return on equity6.6%-8.4pp
Debt / equity0.3×-0.1×
Current ratio1.8×+0.2×

Where this comes from

Reported directly by Graham Holdings in its filing.

Tagged under the XBRL concept ghc:SellingGeneralandAdministrativeExpenses.

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

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Questions, answered.

What is Graham Holdings's SG&A?
Graham Holdings (GHC) reported SG&A of $277.48M in Q1 2026.
How has Graham Holdings's SG&A changed year-over-year?
Graham Holdings's SG&A increased by 2.5% year-over-year, from $270.71M to $277.48M.
What is the long-term trend for Graham Holdings's SG&A?
Over 4 years (2021 to 2025), Graham Holdings's SG&A has grown at a 7.5% compound annual growth rate (CAGR), from $831.85M to $1.11B.
What does SG&A mean?
This metric represents the aggregate costs incurred by a company to support its core business operations, excluding direct production or cost of goods sold. It encompasses overhead expenses such as executive compensation, marketing, administrative staff salaries, and general office facility costs. Monitoring this figure helps investors evaluate the company's operational efficiency and the scalability of its administrative cost structure.