# GRAHAM HOLDINGS CO (GHC) · Edgar & Edgarette company card

> Graham Holdings (GHC) grew revenue 2.5% in FY2025 to $4.9 billion, operating margin 4.8% against a 7.4% median for educational services, equity 57.1% of assets, and dividend per share up 9 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 104889 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/GHC) · [JSON](https://www.pops4.com/boards/company/GHC.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $4.9B |
| Revenue growth, 1 year | 2.5% |
| Revenue growth per year | 11.4% |
| Operating margin | 4.8% (prior year 4.5%) |
| Net margin | 6.2% |
| Operating cash flow | $347M |
| Capital spending | $72M |
| Free cash flow | $275M |
| Cash | $267M |
| Long-term debt | $881M |
| Total assets | $8.4B |
| Total equity | $4.8B |
| Equity ÷ assets | 57.1% |
| Return on equity | 6.3% |
| Dividend per share | $7.2 |
| Dividend years rising | 9 |

## Readings, computed from those figures

- Altman Z: 5.65 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $4.9B (FY2025), total debt $880.8M. Experience: revenue up 2.5% on the year, up 11.4% a year over 4 years; operating margin 4.8%, up from 4.5%. Soundness: equity 57.1% of assets, return on equity 6.3%, dividend per share up 9 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.5B and $5.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $4.1B to $6.2B. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-educational services): operating margin 4.8% against a 7.4% median; growth 2.5% against 8.6%.

Range logged 2026-11-01, receipt 88644b333ce4b56d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-11-05 ([filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026070870/0001628280-26-070870-index.htm))

## Recent filings

- 8-K · filed 2026-11-05 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026070870/0001628280-26-070870-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026068048/0001628280-26-068048-index.htm)
- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026068026/0001628280-26-068026-index.htm)
- 8-K · filed 2026-08-05 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026053479/0001628280-26-053479-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026050829/0001628280-26-050829-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/104889/000162828026050826/0001628280-26-050826-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000104889.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=104889

## Cite

POPS4, Edgar & Edgarette: GRAHAM HOLDINGS CO (GHC) company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/GHC. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.