What are Graham Holdings's profit margins?

Graham Holdings (GHC) runs a 29.7% gross margin and a 4.9% operating margin, with a 6.0% net margin.

Where do Graham Holdings's ratios come from?

Every ratio is computed from Graham Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Graham Holdings GHC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	4.8%+0.3pp	4.5%+2.9pp	1.6%-0.6pp	2.1%-0.3pp
Net margin	6%-9.2pp	15.1%+10.5pp	4.6%+2.9pp	1.7%-9.3pp
EBITDA margin	7.1%0.0pp	7.1%+2.4pp	4.7%-0.9pp	5.5%-1.0pp
Free cash flow margin	5.6%-1.2pp	6.8%+3.0pp	3.8%-0.1pp	3.9%—
Returns
Return on equity	6.5%-11.1pp	17.6%+12.3pp	5.3%+3.7pp	1.7%-7.0pp
Return on assets	3.6%-6.1pp	9.7%+6.8pp	3%+2.0pp	1%-4.1pp
Return on invested capital	2.8%-0.2pp	3%+2.0pp	1%+0.1pp	0.9%-0.3pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×+0.1×	0.6×+0.1×
Liquidity
Current ratio	1.8×0.0×	1.7×+0.2×	1.5×0.0×	1.5×-0.1×
Quick ratio	1.5×0.0×	1.5×+0.2×	1.3×0.0×	1.3×-0.2×
Cash ratio	0.2×0.0×	0.2×+0.1×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0.3×0.0×	0.3×-0.1×	0.3×0.0×	0.4×+0.1×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	3.5×+0.8×	2.7×-2.8×	5.6×+0.1×	5.4×-0.1×
Interest coverage	2×+0.8×	1.2×+0.1×	1.1×-0.4×	1.5×-0.7×
Per Share
Book value per share	$1,096.28+13.4%	$966.32+13.1%	$854.26+10.7%	$771.58-12.9%
Valuation
Market capitalization	$4.79B+26.8%	$3.78B+20.6%	$3.13B+8.7%	$2.88B-6.0%
Enterprise value	$6B+27.7%	$4.7B+9.9%	$4.27B+5.5%	$4.05B-3.5%
Price / earnings	16.4×+11.2×	5.2×-10.0×	15.3×-27.7×	43×+34.3×
Price / sales	1×+0.2×	0.8×+0.1×	0.7×0.0×	0.7×-0.2×
Price / book	1×+0.1×	0.9×+0.1×	0.8×0.0×	0.8×+0.1×
EV / EBITDA	17.3×+3.4×	13.8×-7.0×	20.8×+2.0×	18.8×-1.6×
EV / sales	1.2×+0.2×	1×0.0×	1×-0.1×	1×-0.3×
Free cash flow yield	5.7%-2.8pp	8.6%+3.3pp	5.3%0.0pp	5.3%—
Earnings yield	6.1%-13.1pp	19.2%+12.6pp	6.6%+4.2pp	2.3%-9.1pp
Dividend yield	0.7%-0.1pp	0.8%-0.2pp	1%-0.1pp	1.1%+0.1pp

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Questions, answered.

What are Graham Holdings's profit margins?: Graham Holdings (GHC) runs a 29.7% gross margin and a 4.9% operating margin, with a 6.0% net margin.
Where do Graham Holdings's ratios come from?: Every ratio is computed from Graham Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.