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 QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	4.9%+0.2pp	4.8%+0.3pp	5.3%+1.4pp	5.7%+4.7pp	4.7%+3.0pp
Net margin	6%-7.0pp	6%-9.2pp	14.9%+10.1pp	14.1%+11.2pp	13%+6.9pp
Returns
Return on equity	6.6%-8.4pp	6.5%-11.1pp	17.3%+11.4pp	16.4%+13.0pp	15%+7.9pp
Return on invested capital	2.9%-0.1pp	2.8%-0.2pp	3.5%+0.8pp	3.6%+3.0pp	3%+1.9pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.7×0.0×	0.6×0.0×
Liquidity
Current ratio	1.8×+0.2×	1.8×0.0×	1.3×-0.2×	1.3×-0.3×	1.6×+0.1×
Leverage
Debt-to-equity	0.3×-0.1×	0.3×0.0×	0.4×0.0×	0.4×+0.1×	0.3×0.0×
Net debt / EBITDA	3.2×-0.4×	3.5×+0.8×	3.6×+0.6×	3.9×-2.7×	3.6×-1.8×
Per Share
Book value per share	$1,081.77+9.8%	$1,096.28+13.4%	$1,017.98+11.5%	$995.18+10.4%	$985.41+8.6%
Valuation
Market capitalization	$4.6B+9.7%	$4.79B+26.8%	$5.13B+43.5%	$4.14B+34.5%	$4.19B+23.1%
Price / earnings	15.5×+8.7×	16.4×+11.2×	7×-8.6×	6.1×-17.0×	6.7×-5.6×
Price / sales	0.9×+0.1×	1×+0.2×	1×+0.3×	0.9×+0.2×	0.9×+0.1×
Price / book	1×0.0×	1×+0.1×	1.2×+0.3×	1×+0.2×	1×+0.1×
EV / EBITDA	16.2×+0.5×	17.3×+3.4×	17.4×+2.9×	14.6×-9.3×	15.7×-5.7×
Dividend yield	0.7%0.0pp	0.7%-0.1pp	0.6%-0.2pp	0.7%-0.3pp	0.7%-0.2pp

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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.