Tearsheet

Graham (GHC)

Market Price (10/31/2025): $1042.15 | Market Cap: $4.5 Bil
Sector: Consumer Discretionary | Industry: Education Services

Graham (GHC)

Market Price (10/31/2025): $1042.15
Market Cap: $4.5 Bil
Sector: Consumer Discretionary
Industry: Education Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 17%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 8.0%	Weak multi-year price returns 3Y Excs Rtn is -2.4%
1	Low stock price volatility Vol 12M is 31%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 17%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 8.0%
1	Low stock price volatility Vol 12M is 31%
2	Weak multi-year price returns 3Y Excs Rtn is -2.4%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/31/25	2024	2023	2022	2021
Share Price CYE	$1,042.15	$865.16	$684.88	$587.59	$605.92
Market Cap CYE ($ Bil)	4.5	3.7	3.1	2.8	3.0
Total Debt ($ Bil)	1.2	1.2	1.3	1.2	1.2
Total Cash ($ Bil)	1.2	1.1	0.9	0.8	1.0
Enterprise Value ($ Bil)	4.5	4.9	4.4	4.0	4.2
Valuation Ratios
P/S TTM	0.9	0.8	0.7	0.7	1.0
P/EBIT TTM	3.8	3.1	8.9	16.5	6.5
P/E TTM	6.2	5.3	15.7	43.4	8.9
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	6.9	6.8	7.0	5.6	7.5
P/E TTM (Sector)	9.2	7.7	8.9	7.4	9.2

	10/31/25	2024	2023
Share Price CYE	$1,042.15	$865.16	$684.88
Market Cap CYE ($ Bil)	4.5	3.7	3.1
Total Debt ($ Bil)	1.2	1.2	1.3
Total Cash ($ Bil)	1.2	1.1	0.9
Enterprise Value ($ Bil)	4.5	4.9	4.4
Valuation Ratios
P/S TTM	0.9	0.8	0.7
P/EBIT TTM	3.8	3.1	8.9
P/E TTM	6.2	5.3	15.7
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	6.9	6.8	7.0
P/E TTM (Sector)	9.2	7.7	8.9

	GHC	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	4.9
Rev Chg Q	5.9%	6.4%
Rev Chg LTM	4.1%	5.4%
Rev Chg 3Y Avg	9.7%	5.3%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	0.7
Op Mgn LTM	5.8%	18.7%
CFO/Rev LTM	8.9%	20.4%
Net Inc Mgn	14.9%	12.8%
VALUATION	VERY LOW
P/S	0.9	3.2
P/CFO	10.4	15.5
P/FCF	12.5	20.6
P/E	6.2	23.6
STABILITY	GOOD
Debt/Equity	0.26	0.21
Cash/Assets	0.15	0.07

GHC Stock

Return (1M):

Factor Drivers of Stock Movement

The 9.5% change in GHC stock from 7/31/2025 to 10/30/2025 was primarily driven by a 5.8% change in the company's Net Income Margin (%).

	7312025	10302025	Change
Stock Price ($)	952.40	1042.66	9.48%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4834.65	4906.35	1.48%
Net Income Margin (%)	14.11%	14.93%	5.82%
P/E Multiple	6.05	6.17	1.96%
Shares Outstanding (Mil)	4.33	4.33	-0.02%
Cumulative Contribution			9.48%

LTM = Last Twelve Months as of date shown

The 13.8% change in GHC stock from 5/1/2025 to 10/30/2025 was primarily driven by a 14.9% change in the company's Net Income Margin (%).

	5012025	10302025	Change
Stock Price ($)	916.06	1042.66	13.82%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4804.16	4906.35	2.13%
Net Income Margin (%)	12.99%	14.93%	14.89%
P/E Multiple	6.34	6.17	-2.68%
Shares Outstanding (Mil)	4.32	4.33	-0.32%
Cumulative Contribution			13.82%

LTM = Last Twelve Months as of date shown

The 24.9% change in GHC stock from 10/30/2024 to 10/30/2025 was primarily driven by a 207.0% change in the company's Net Income Margin (%).

	10302024	10302025	Change
Stock Price ($)	834.90	1042.66	24.88%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4711.92	4906.35	4.13%
Net Income Margin (%)	4.86%	14.93%	207.00%
P/E Multiple	15.86	6.17	-61.09%
Shares Outstanding (Mil)	4.35	4.33	0.41%
Cumulative Contribution			24.88%

LTM = Last Twelve Months as of date shown

The 71.9% change in GHC stock from 10/31/2022 to 10/30/2025 was primarily driven by a 244.8% change in the company's Net Income Margin (%).

	10312022	10302025	Change
Stock Price ($)	606.71	1042.66	71.85%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3520.39	4906.35	39.37%
Net Income Margin (%)	4.33%	14.93%	244.79%
P/E Multiple	19.28	6.17	-67.99%
Shares Outstanding (Mil)	4.84	4.33	10.49%
Cumulative Contribution			69.96%

LTM = Last Twelve Months as of date shown

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
GHC Return	-15%	19%	-3%	17%	26%	21%	70%
Peers Return	19%	-31%	-35%	-7%	-18%	-28%	-71%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	110%
Monthly Win Rates [3]
GHC Win Rate	42%	50%	50%	42%	67%	67%
Peers Win Rate	24%	21%	23%	32%	33%	33%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
GHC Max Drawdown	-56%	-1%	-16%	-7%	-4%	-2%
Peers Max Drawdown	-7%	-31%	-57%	-45%	-48%	-37%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: BTCT, EDTK, EEIQ, FCHL, GV. See GHC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique Key	Event	GHC	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-22.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	28.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	443 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-56.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	130.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	393 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-16.8%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	20.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1514 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-64.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	179.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2076 days	1480 days

Compare to BTCT, EDTK, EEIQ, FCHL, GV

In The Past

Graham's stock fell -22.4% during the 2022 Inflation Shock from a high on 5/21/2021. A -22.4% loss requires a 28.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Graham (GHC)

Business Description

Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company worldwide. It provides test preparation services and materials; data science and training services; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global. The company also offers training, test preparation, and degrees for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates three colleges, a business school, a higher education institution, and an online learning institution. In addition, it owns and operates seven television stations; and provides social media management tools to connect newsrooms with their users, as well as produces Foreign Policy magazine and ForeignPolicy.com website. Further, the company publishes Slate, an online magazine; and two French-language news magazine websites at slate.fr and slateafrique.com. Additionally, it provides social media marketing solutions; home health and hospice services; burners, igniters, dampers, and controls; screw jacks, linear actuators and related linear motion products, and lifting systems; pressure impregnated kiln-dried lumber and plywood products; cybersecurity training solutions; digital advertising services; and power charging and data systems, industrial and commercial indoor lighting solutions, and electrical components and assemblies. The company also owns and operates 11 restaurants and entertainment venues; and engages in automobile dealerships business. The company was formerly known as The Washington Post Company and changed its name to Graham Holdings Company in November 2013. Graham Holdings Company was founded in 1877 and is based in Arlington, Virginia.

Better Bets than Graham (GHC)

	GHC	Better Performance than GHC
Metric	Value	Industry (Education Services)
Rev Chg LTM	4.1%	DUOL (39.5%), LOPE (6.5%), ATGE (12.9%), LRN (17.3%), PRDO (6.3%)
Rev Chg 3Y Avg	9.7%	DUOL (42.5%), LAUR (11.8%), LRN (13.1%), UTI (26.2%), COUR (15.6%)
Op Mgn LTM	5.8%	DUOL (9.5%), LOPE (27.2%), ATGE (19.3%), LAUR (22.9%), LRN (17.8%)
CFO/Rev LTM	8.9%	DUOL (38.0%), LOPE (27.9%), ATGE (18.9%), LAUR (16.8%), LRN (15.3%)
FCF/Rev LTM	7.4%	DUOL (36.3%), LOPE (24.4%), ATGE (16.1%), LAUR (12.9%), LRN (12.6%)
Total Yield	16.6%	AFYA (53.9%), VSTA (119.4%)

	GHC	Better Performance than GHC
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	4.1%	AMZN (10.9%), BABA (5.3%), HD (8.5%), TM (4.5%), BKNG (13.0%)
Rev Chg 3Y Avg	9.7%	AMZN (11.3%), TM (15.2%), BKNG (17.8%), MELI (39.8%), DASH (28.4%)
Op Mgn LTM	5.8%	AMZN (11.4%), BABA (14.6%), HD (13.1%), TM (9.6%), MCD (46.1%)
CFO/Rev LTM	8.9%	AMZN (18.1%), TSLA (16.5%), BABA (15.0%), HD (10.8%), TM (10.1%)
FCF/Rev LTM	7.4%	BABA (15.0%), HD (8.6%), MCD (26.5%), BKNG (31.9%), LOW (9.2%)
Total Yield	16.6%	BABA (36.3%), TM (2018.7%), VWAGY (16.8%), HMC (2171.7%), BBWI (17.9%)

	GHC	Better Performance than GHC
Metric	Value	All Other Sectors
Rev Chg LTM	4.1%	NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AVGO (28.0%)
Rev Chg 3Y Avg	9.7%	NVDA (92.0%), MSFT (13.2%), GOOGL (11.0%), AVGO (24.0%), META (17.3%)
Op Mgn LTM	5.8%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM	8.9%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%)
FCF/Rev LTM	7.4%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield	16.6%	VZ (19.0%), CMCSA (20.0%), CNQ (19.4%), MFC (16.9%), SU (17.4%)

		Best Bets In Consumer Discretionary Sector
	GHC	ABNB	BKNG	MCD	ETSY	LOPE	PRDO	ALSN	CROX	GRMN	WH
What You Pay
P/E	6.2	29.6	32.6	25.7	33.8	24.5	15.3	9.2	19.5	26.3	16.5
P/EBIT	3.8	29.8	19.6	17.9	14.9	19.1	11.2	6.9	17.0	23.3	9.7
What You Get
Rev Chg Q	5.9%	12.7%	12.7%	5.4%	2.4%	8.8%	26.6%	-0.2%	3.4%	11.7%	-3.5%
Rev Chg LTM	4.1%	10.2%	13.0%	1.2%	2.0%	6.5%	6.3%	2.7%	2.0%	16.6%	3.4%
Rev Chg 3Y Avg	9.7%	16.3%	17.8%	3.4%	4.9%	5.8%	1.7%	8.0%	14.5%	12.2%	-2.5%
FCF/Rev 3Y Avg	5.4%	40.5%	35.6%	27.2%	23.8%	22.6%	21.0%	20.9%	19.8%	20.5%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Graham Earnings Notes
2	Graham Stock Dropped 10% - Have You Assessed the Risk	Return
3	With GHC Up 18% in a Month, Is It Time to Compare It Against TMUS?	Counter-Intuitive Comparisons
4	GHC Jumps 18% in a Month, But Does GM Offer Better Fundamentals?	Counter-Intuitive Comparisons
5	GHC Jumps 18% in a Month, But Does ATGE Offer Better Fundamentals?	Counter-Intuitive Comparisons
6	null
7	Better Bet Than GHC Stock: Pay Less Than Graham To Get More From EXEL, CALM
8	GHC Dip Buy Analysis
9	Graham Total Shareholder Return (TSR): 27.0% in 2024 and 13.5% 3-yr compounded annual returns (above peer average)
10	Graham (GHC) Operating Cash Flow Comparison	Financials
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High		September 27th, 2025
13	Small Cap Stocks Trading At 52-Week High		September 5th, 2025

	Title
0	DASHBOARDS
1	Small Cap Stocks Trading At 52-Week High
2	Small Cap Stocks Trading At 52-Week High
3	ARTICLES
4	Graham Earnings Notes
5	Graham Stock Dropped 10% - Have You Assessed the Risk
6	With GHC Up 18% in a Month, Is It Time to Compare It Against TMUS?
7	GHC Jumps 18% in a Month, But Does GM Offer Better Fundamentals?
8	GHC Jumps 18% in a Month, But Does ATGE Offer Better Fundamentals?
9	null
10	Better Bet Than GHC Stock: Pay Less Than Graham To Get More From EXEL, CALM
11	GHC Dip Buy Analysis
12	Graham Total Shareholder Return (TSR): 27.0% in 2024 and 13.5% 3-yr compounded annual returns (above peer average)
13	Graham (GHC) Operating Cash Flow Comparison

Trade Ideas

Select past ideas related to GHC. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.3%	-17.3%	-17.3%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.9%	-11.9%	-11.9%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.0%	-0.0%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	4.5%	4.5%	-11.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.4%	-14.4%	-22.1%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-17.3%	-17.3%	-17.3%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.9%	-11.9%	-11.9%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.0%	-0.0%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	4.5%	4.5%	-11.7%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PRAX	Praxis Precision Medicines	279.1%	161.2%
2	INBX	Inhibrx Biosciences	131.0%	409.8%
3	PUMP	ProPetro	99.6%	16.2%
4	DYN	Dyne Therapeutics	88.4%	-0.0%
5	VICR	Vicor	85.4%	89.2%
6	CELC	Celcuity	74.6%	503.2%
7	GLUE	Monte Rosa Therapeutics	73.5%	87.5%
8	NVTS	Navitas Semiconductor	72.1%	251.8%
9	LUMN	Lumen Technologies	70.3%	94.7%
10	BALY	Ballys	63.4%	4.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	-62.9%	5106.3%
2	LRN	Stride	-53.8%	-35.8%
3	FMC	FMC	-51.0%	-66.6%
4	FI	Fiserv	-48.3%	-68.3%
5	NFE	New Fortress Energy	-43.6%	-91.9%
6	VG	Venture Global	-41.7%
7	OGN	Organon	-40.2%	-55.0%
8	VRNS	Varonis Systems	-39.5%	-21.2%
9	ITGR	Integer	-38.5%	-52.2%
10	LENZ	LENZ Therapeutics	-37.9%	5.5%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GH	Guardant Health	27.9%	202.5%
2	GCI	Gannett	27.7%	3.8%
3	FORM	FormFactor	24.2%	34.7%
4	VIAV	Viavi Solutions	22.3%	69.3%
5	GSAT	Globalstar	22.2%	63.5%
6	MTSR	Metsera	22.1%	63729900.0%
7	PRM	Perimeter Solutions	21.1%	102.3%
8	CHRW	C.H. Robinson Worldwide	19.7%	52.6%
9	INSM	Insmed	16.3%	181.3%
10	CAH	Cardinal Health	15.4%	62.8%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	FMC	FMC	-46.5%	-66.6%
2	APLS	Apellis Pharmaceuticals	-31.0%	-35.0%
3	THRY	Thryv	-30.2%	-44.8%
4	SFM	Sprouts Farmers Market	-26.1%	-39.2%
5	IART	Integra Lifesciences	-23.5%	-47.9%
6	ITRI	Itron	-21.1%	0.4%
7	WOLF	Wolfspeed	-18.2%
8	CMG	Chipotle Mexican Grill	-18.2%	-46.1%
9	CI	Cigna	-17.4%	-9.2%
10	EME	EMCOR	-16.6%	43.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	INBX	Inhibrx Biosciences	176.8%	409.8%
2	PUMP	ProPetro	71.2%	16.2%
3	RNA	Avidity Biosciences	43.5%	139.6%
4	DYN	Dyne Therapeutics	42.8%	-0.0%
5	GCI	Gannett	39.3%	3.8%
6	FORM	FormFactor	38.3%	34.7%
7	MBX	MBX Biosciences	35.1%	18.2%
8	BBNX	Beta Bionics	33.8%
9	GH	Guardant Health	33.3%	202.5%
10	LUMN	Lumen Technologies	32.7%	94.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	PMI	Picard Medical	-75.2%	5106.3%
2	LRN	Stride	-56.1%	-35.8%
3	NTLA	Intellia Therapeutics	-52.6%	5.2%
4	FMC	FMC	-48.7%	-66.6%
5	FI	Fiserv	-47.4%	-68.3%
6	VRNS	Varonis Systems	-43.8%	-21.2%
7	THRY	Thryv	-33.4%	-44.8%
8	NFE	New Fortress Energy	-30.5%	-91.9%
9	AKBA	Akebia Therapeutics	-29.5%	10.5%
10	UAMY	United States Antimony	-28.9%	371.2%

Peer Comparisons for Graham

Financials

	GHC	BTCT	EDTK	EEIQ	FCHL	GV	Median
Name	Graham	BTC Digi.	Skillful.	EpicQues.	Fitness .	Visionary
Mkt Price	1,042.66	2.24	1.04	0.45	0.48	1.57	1.31
Mkt Cap	4.5	0.0	-	-	-	-	2.3
Rev LTM	4,906	12	-	-	-	-	2,459
Op Inc LTM	286	-3	-	-	-	-	141
FCF LTM	361	-2	-	-	-	-	179
FCF 3Y Avg	256	-	-	-	-	-	256
CFO LTM	435	2	-	-	-	-	218
CFO 3Y Avg	339	-	-	-	-	-	339

Growth & Margins

	GHC	BTCT	EDTK	EEIQ	FCHL	GV	Median
Name	Graham	BTC Digi.	Skillful.	EpicQues.	Fitness .	Visionary
Rev Chg LTM	4.1%	28.7%	-	-	-	-	16.4%
Rev Chg 3Y Avg	9.7%	-22.6%	-	-	-	-	-6.4%
Rev Chg Q	5.9%	338.2%	-	-	-	-	172.1%
QoQ Delta Rev Chg LTM	1.5%	37.6%	-	-	-	-	19.6%
Op Mgn LTM	5.8%	-22.9%	-	-	-	-	-8.6%
Op Mgn 3Y Avg	5.0%	-12.3%	-	-	-	-	-3.6%
QoQ Delta Op Mgn LTM	-0.3%	11.6%	-	-	-	-	5.6%
CFO/Rev LTM	8.9%	13.3%	-	-	-	-	11.1%
CFO/Rev 3Y Avg	7.2%	-	-	-	-	-	7.2%
FCF/Rev LTM	7.4%	-21.2%	-	-	-	-	-6.9%
FCF/Rev 3Y Avg	5.4%	-	-	-	-	-	5.4%

Valuation

	GHC	BTCT	EDTK	EEIQ	FCHL	GV	Median
Name	Graham	BTC Digi.	Skillful.	EpicQues.	Fitness .	Visionary
Mkt Cap	4.5	0.0	-	-	-	-	2.3
P/S	0.9	0.8	-	-	-	-	0.9
P/EBIT	3.8	-4.8	-	-	-	-	-0.5
P/E	6.2	-4.7	-	-	-	-	0.8
P/CFO	10.4	5.9	-	-	-	-	8.2
Total Yield	16.6%	-21.5%	-	-	-	-	-2.5%
Dividend Yield	0.3%	0.0%	-	-	-	-	0.2%
FCF Yield 3Y Avg	6.6%	-	-	-	-	-	6.6%
D/E	0.3	0.1	-	-	-	-	0.2
Net D/E	-0.0	-1.5	-	-	-	-	-0.8

Returns

	GHC	BTCT	EDTK	EEIQ	FCHL	GV	Median
Name	Graham	BTC Digi.	Skillful.	EpicQues.	Fitness .	Visionary
1M Rtn	-11.3%	-18.5%	-2.8%	1.6%	-13.9%	-25.6%	-12.6%
3M Rtn	9.5%	-15.5%	13.9%	-29.7%	-	31.9%	9.5%
6M Rtn	13.8%	-46.3%	-3.2%	-24.7%	-	-21.5%	-21.5%
12M Rtn	24.9%	29.5%	0.5%	-39.6%	-	19.8%	19.8%
3Y Rtn	71.9%	-59.3%	-3.7%	-66.5%	-	-88.8%	-59.3%
1M Excs Rtn	-11.0%	-22.5%	-8.0%	2.7%	-24.5%	-27.2%	-16.7%
3M Excs Rtn	4.1%	-20.1%	7.5%	-37.0%	-	24.8%	4.1%
6M Excs Rtn	-7.9%	-68.0%	-24.9%	-46.4%	-	-43.2%	-43.2%
12M Excs Rtn	17.8%	5.9%	-15.2%	-58.4%	-	-0.9%	-0.9%
3Y Excs Rtn	-2.4%	-135.4%	-70.4%	-137.5%	-	-162.8%	-135.4%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/29/2025	2/26/2025	2/23/2024	2/24/2023	2/25/2022	2/24/2021	2/26/2020
Key Financials
Total Revenue	4,906	4,791	4,415	3,924	3,186	2,889	2,932
EBITDA	1,425	1,448	665	505	720	697	662
Operating Income	286	265	168	213	110	131	154
Net Income	732	725	205	67	352	300	328
EPS	168.75	164.62	43.96	13.83	70.65	58.30	61.70
Growth Rates
Total Revenue Growth	4.1%	8.5%	12.5%	23.2%	10.3%	-1.5%	8.8%
EBITDA Growth	104.7%	117.7%	31.8%	-29.8%	3.3%	5.2%	39.8%
Operating Income Growth	36.0%	57.5%	-20.9%	93.0%	-15.5%	-15.0%	-39.6%
Net Income Growth	219.7%	253.0%	206.0%	-80.9%	17.2%	-8.4%	20.9%
Margins
EBITDA Margin	29.0%	30.2%	15.1%	12.9%	22.6%	24.1%	22.6%
Operating Income Margin	5.8%	5.5%	3.8%	5.4%	3.5%	4.5%	5.2%
Net Income Margin	14.9%	15.1%	4.6%	1.7%	11.1%	10.4%	11.2%
Cash & Debt
Total Cash	1,197	1,120	867	792	970	1,002	800
Total Debt	1,174	1,169	1,253	1,190	1,150	1,028	1,083
Net Debt / (Cash)	-23	50	386	398	180	27	282
Cash Flows
Net Cash from Operations	435	407	260	236	202	211	165
Free Cash from Operations	361	324	166	153	40	141	72
Returns to Shareholders
Dividends	31	30	31	31	30	30	30
Share Repurchases	19	114	193	71	56	162	2

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/29/2025	7/30/2025	4/30/2025	2/26/2025	10/30/2024	7/31/2024	5/1/2024	2/23/2024	11/1/2023	8/2/2023	5/3/2023	2/24/2023
Key Financials Quarterly
Total Revenue	1,279	1,216	1,166	1,246	1,207	1,185	1,153	1,167	1,112	1,105	1,032	1,064
Ebitda	245	120	158	901	184	125	238	149	150	228	138	221
Operating Income	69	73	47	96	82	52	35	41	41	58	28	74
Net Income	123	37	24	549	73	-21	124	53	-23	123	52	6
EPS	28.19	8.43	5.50	126.63	16.54	-4.79	27.87	11.73	-5.02	25.96	10.91	1.28
Key Financials TTM
Total Revenue TTM	4,906	4,835	4,804	4,791	4,712	4,616	4,536	4,415	4,312	4,213	4,041	3,924
Ebitda TTM	1,425	1,364	1,368	1,448	696	662	766	665	737	697	447	505
Operating Income TTM	286	298	277	265	210	170	176	168	202	220	201	213
Net Income TTM	732	682	624	725	229	134	277	205	158	214	24	67
Growth Rates Quarterly
Total Revenue Growth	5.9%	2.6%	1.1%	6.8%	8.6%	7.3%	11.7%	9.7%	9.8%	18.4%	12.8%	23.3%
EBITDA Growth	33.2%	-3.5%	-33.5%	503.6%	22.5%	-45.4%	73.1%	-32.4%	36.2%	1144.9%	-29.6%	33.8%
Operating Income Growth	-15.0%	39.4%	33.9%	135.4%	98.1%	-10.1%	24.8%	-44.9%	-30.8%	47.6%	-28.9%	209.6%
Net Income Growth	69.5%	274.7%	-80.8%	930.4%	414.8%	-117.1%	137.9%	764.6%	-170.3%	281.9%	-45.3%	-92.7%
Margins Quarterly
EBITDA Margin	19.1%	9.9%	13.6%	72.4%	15.2%	10.5%	20.7%	12.8%	13.5%	20.6%	13.3%	20.8%
Operating Income Margin	5.4%	6.0%	4.1%	7.7%	6.8%	4.4%	3.1%	3.5%	3.7%	5.3%	2.8%	7.0%
Net Income Margin	9.6%	3.0%	2.0%	44.1%	6.0%	-1.8%	10.8%	4.6%	-2.1%	11.1%	5.1%	0.6%
Cash & Debt
Total Cash	1,197	1,074	1,066	1,120	1,076	963	934	867	832	773	740	792
Total Debt	1,174	1,253	1,297	1,169	1,213	1,272	1,243	1,253	1,199	1,160	1,151	1,190
Net Debt / (Cash)	-23	179	231	50	137	310	310	386	367	387	411	398
Cash Flows Quarterly
FCF from Operations	178	95	46	116	238	52	1	57	140	39	23	32
Cash Flows TTM
FCF from Operations TTM	435	495	452	407	348	251	238	260	234	198	214	236
Returns to Shareholders Quarterly
Dividends	8	8	8	7	8	8	8	7	8	8	8	8
Share Repurchases	-0	-0	3	16	49	29	20	61	63	46	23	17
Return on Invested Capital (ROIC) Quarterly
ROIC	-	108.5%	62.8%	562.5%	157.3%	67.4%	34.0%	32.4%	44.9%	44.8%	20.3%	15.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	119.5%	85.3%	381.5%	106.9%	35.9%	40.7%	30.9%	34.7%	39.1%	21.3%	30.9%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Prepaid Pension Cost	2,114	1,658	2,307	1,708	1,292
Kaplan international	1,538	1,480	1,494	1,456	1,455
Investments in Marketable Equity Securities	690	610	810	573	585
Automotive	597	427	238
Manufacturing	432	486	486	552	564
Television broadcasting	420	431	449	454	464
Other businesses	369	476	690	518	567
Healthcare	265	250	195	161	160
Supplemental education	250	268	287	275	312
Higher education	188	174	188	187	197
Investments in Affiliates	186	186	155	156	162
Corporate Costs	94	71	69	348	104
Kaplan corporate and other	46	65	58	58	68
Total	7,188	6,582	7,426	6,444	5,931

Price Behavior

Price Behavior

Market Price	$1,042.66
Market Cap ($ Bil)	4.5
First Trading Date	01/24/1990
Distance from 52W High	-11.8%
	50 Days	200 Days
DMA Price	$1,091.83	$978.18
DMA Trend	up	up
Distance from DMA	-4.5%	6.6%
	3M	1YR
Volatility	33.3%	30.8%
Downside Capture	129.64	92.53
Upside Capture	127.94	99.03
Correlation (SPY)	56.6%	54.0%

GHC Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.36	1.62	1.61	0.71	0.83	0.83
Up Beta	4.99	2.72	2.53	0.64	0.80	0.82
Down Beta	-1.40	1.50	2.38	0.79	0.76	0.76
Up Capture	159%	198%	156%	79%	109%	78%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	13	26	38	66	126	383
Down Capture	42%	41%	43%	72%	87%	95%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	8	16	26	59	124	367

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	80,633
Short Interest: % Change Since 9302025	0.5%
Average Daily Volume	50,824
Days-to-Cover Short Interest	1.59
Basic Shares Quantity	4,334,000
Short % of Basic Shares	1.9%

Returns Analyses

	Title
0	Graham Stock Dropped 10% - Have You Assessed the Risk
1	Graham Stock Return Comparison
2	[9/29/2021] Graham Holdings Company (GHC) Stock Price Forecast: AI Forecasts GHC Stock Price To Be Around $602 In A Month (Up 1%)
3	Graham Total Shareholder Return (TSR): ...% in 2022 and 0.0% 3-yr returns (below peer average)
4	Graham Holdings Company (GHC) Stock Return: AI Predicts GHC Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	-1.7%
7/30/2025	3.1%	3.0%	18.4%
2/26/2025	3.5%	1.0%	3.5%
10/30/2024	6.5%	8.9%	18.6%
7/31/2024	-4.9%	-13.2%	-3.1%
2/23/2024	-1.8%	-0.7%	5.7%
11/1/2023	0.1%	7.3%	8.4%
8/2/2023	0.2%	3.5%	0.6%
...
SUMMARY STATS
# Positive	10	10	11
# Negative	9	9	8
Median Positive	2.0%	4.3%	5.7%
Median Negative	-1.8%	-3.6%	-7.7%
Max Positive	6.5%	14.7%	18.6%
Max Negative	-4.9%	-13.2%	-31.1%

	Forward Returns
10/29/2025	-1.7%
7/30/2025	3.1%	3.0%	18.4%
2/26/2025	3.5%	1.0%	3.5%
10/30/2024	6.5%	8.9%	18.6%
7/31/2024	-4.9%	-13.2%	-3.1%
2/23/2024	-1.8%	-0.7%	5.7%
11/1/2023	0.1%	7.3%	8.4%
8/2/2023	0.2%	3.5%	0.6%
2/24/2023	-1.7%	-4.8%	-12.6%
11/2/2022	-1.1%	0.0%	1.8%
8/3/2022	0.3%	-2.9%	-6.0%
2/25/2022	1.6%	-0.7%	4.0%
11/3/2021	4.4%	2.1%	-0.1%
8/4/2021	-2.3%	-4.4%	-7.7%
5/5/2021	-1.8%	5.1%	1.8%
2/24/2021	-0.1%	-7.6%	-7.8%
11/4/2020	2.0%	14.7%	15.5%
8/5/2020	2.0%	5.7%	9.6%
2/26/2020	-3.5%	-0.5%	-31.1%
SUMMARY STATS
# Positive	10	10	11
# Negative	9	9	8
Median Positive	2.0%	4.3%	5.7%
Median Negative	-1.8%	-3.6%	-7.7%
Max Positive	6.5%	14.7%	18.6%
Max Negative	-4.9%	-13.2%	-31.1%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10292025	10-Q 9/30/2025
6302025	7302025	10-Q 6/30/2025
3312025	4302025	10-Q 3/31/2025
12312024	2262025	10-K 12/31/2024
9302024	10302024	10-Q 9/30/2024
6302024	7312024	10-Q 6/30/2024
3312024	5012024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11012023	10-Q 9/30/2023
6302023	8022023	10-Q 6/30/2023
3312023	5032023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11022022	10-Q 9/30/2022
6302022	8032022	10-Q 6/30/2022
3312022	5042022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Weymouth Katharine		11142024	Sell	949.26	378	358,820	1,533,055	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Graham (GHC)

Market Price (10/31/2025): $1042.15 | Market Cap: $4.5 BilSector: Consumer Discretionary | Industry: Education Services

Graham (GHC)

Market Price (10/31/2025): $1042.15Market Cap: $4.5 BilSector: Consumer DiscretionaryIndustry: Education Services

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GHC Stock

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Market Price (10/31/2025): $1042.15 | Market Cap: $4.5 Bil
Sector: Consumer Discretionary | Industry: Education Services

Market Price (10/31/2025): $1042.15
Market Cap: $4.5 Bil
Sector: Consumer Discretionary
Industry: Education Services