Graham Holdings Co(GHC)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #768 of 2,879 stocksTOP 50%
View Consumer Discretionary peers →
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
GHC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Graham Holdings Co (GHC), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores GHC at 62.0/100 on a 32-signal composite quality model, placing it at rank #768 of 2,879 stocks — the top half of the AI-ranked universe. GHC scores in the top quartile across revenue scale (77.7). Areas of concern include earnings quality (32.4), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2025), Graham Holdings Co reports quarterly revenue of $1.3B, net income of $108.7M, an operating margin of 3.8%. Top institutional holders of GHC by reported 13-F value include BlackRock,, Madison Avenue Partners,, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. GHC trades on the NYSE exchange and files with the SEC under CIK 104889. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Graham Holdings Co directly from SEC EDGAR. Graham Holdings Co's 13F Pro composite quality score has ranged between 42 and 65 since 2021, currently 62.0 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q4 2025
$1.3B
Net Income
Q4 2025
$108.7M
Free Cash Flow
Q4 2025
$5.0M
Operating Margin
Q4 2025
3.8%
ROIC
Q4 2025
0.9%
D/E Ratio
Q4 2025
0.18
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+2.5% YoYNet Income
-59.7% YoYOperating Income
+9.0% YoYEPS (Diluted)
-59.3% YoYTotal Assets
+9.4% YoYTotal Debt
+17.7% YoYOp. Cash Flow
-14.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $4.91B +2.5% | $4.79B +8.5% | $4.41B +38.6% | $3.19B +10.3% | $2.89B -1.5% | $2.93B |
| Net Income | $292.3M -59.7% | $724.6M +253.0% | $205.3M -41.7% | $352.1M +17.2% | $300.4M -8.4% | $327.9M |
| Operating Income | $234.9M +9.0% | $215.5M +210.6% | $69.4M -10.3% | $77.4M -22.9% | $100.4M -30.5% | $144.5M |
| EPS (Diluted) | $66.47 -59.3% | $163.40 +272.9% | $43.82 -37.8% | $70.45 +21.2% | $58.13 -5.0% | $61.21 |
| Total Assets | $8.40B +9.4% | $7.68B +6.8% | $7.19B -3.2% | $7.43B +15.2% | $6.44B +8.6% | $5.93B |
| Total Debt | $880.8M +17.7% | $748.2M -7.8% | $811.8M +21.6% | $667.5M +30.2% | $512.6M -0.1% | $512.8M |
| Operating Cash Flow | $347.2M -14.7% | $407.0M +56.6% | $259.9M +28.4% | $202.4M -3.9% | $210.7M +27.5% | $165.2M |
AI Insight: GHC Financial Trends
Revenue grew modestly year-over-year across all four quarters of 2025, but operating income remains volatile and well below the earnings power suggested by net income.
• Revenue rose from $1,153M in Q1 2024 to $1,279M in Q3 2025, a steady if unspectacular upward trajectory.
• Total debt fell from $835M in Q2 2024 to $732M in Q3 2025 before spiking back to $881M in Q4 2025.
• Equity expanded from $3,968M in Q2 2024 to $4,794M in Q4 2025, a meaningful 20% strengthening of the balance sheet.
• Operating income swung from $26M in Q2 2024 to $82M in Q3 2024 and back down to $48M in Q4 2025, signaling inconsistent operating performance.
⚠ Debt jumped $149M quarter-over-quarter to $881M in Q4 2025 — the highest level in the entire series — reversing a deleveraging trend.
⚠ Operating cash flow collapsed to $28M in Q4 2025 from $178M in Q3 2025, a sharp sequential deterioration worth monitoring.
⚠ Large net income figures (e.g. $549M in Q4 2024) consistently diverge from operating income, suggesting significant non-operating items distort headline earnings.
AI Insight: GHC Ratio Trends
GHC's operating margins remain thin and volatile, ranging 2.2%–6.8% over eight quarters, with no sustained improvement trend.
• Operating margin swung between 2.2% (Q2 2024) and 6.8% (Q3 2024), settling at 3.8% in Q4 2025 — no durable expansion evident.
• Q4 2024 NPM of 44.0% and ROE of 51.6% appear driven by a one-off item; Q4 2025 NPM collapsed to 8.7%.
• Leverage is modest and stable: D/E ranged narrowly from 0.16 to 0.21 across all periods, with Q3 2025 touching a low of 0.16.
• TTM ROIC of 4.1% and ROA of 3.5% reflect subdued capital efficiency across the consolidated business.
⚠ ROIC dropped from 5.2% in Q3 2025 to 3.4% in Q4 2025 — worth monitoring whether Q1 2025's weak 3.7% marks a recurring seasonal pattern.
⚠ The Q4 2024 non-operating windfall inflates trailing comparisons; stripping it out reveals persistently low underlying NPM.
⚠ D/E ticked back up to 0.18 in Q4 2025 after hitting 0.16 in Q3 2025 — directional change is small but worth tracking.
Get alerted when GHC's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for Graham Holdings Co including:
Top Institutional Holders of GHC
BlackRock, Inc.
$439.4M415,637 shMadison Avenue Partners, LP
$259.9M245,829 shDIMENSIONAL FUND ADVISORS LP
$248.5M235,043 shVANGUARD PORTFOLIO MANAGEMENT LLC
$183.9M173,937 shWallace Capital Management Inc.
$164.0M155,071 shVANGUARD CAPITAL MANAGEMENT LLC
$154.0M145,630 shSTATE STREET CORP
$131.7M124,555 shFIRST TRUST ADVISORS LP
$97.8M92,505 shAQR CAPITAL MANAGEMENT LLC
$97.5M92,241 shGEODE CAPITAL MANAGEMENT, LLC
$92.8M87,767 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $439.4M | 415,637 |
| Madison Avenue Partners, LP | $259.9M | 245,829 |
| DIMENSIONAL FUND ADVISORS LP | $248.5M | 235,043 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $183.9M | 173,937 |
| Wallace Capital Management Inc. | $164.0M | 155,071 |
| VANGUARD CAPITAL MANAGEMENT LLC | $154.0M | 145,630 |
| STATE STREET CORP | $131.7M | 124,555 |
| FIRST TRUST ADVISORS LP | $97.8M | 92,505 |
| AQR CAPITAL MANAGEMENT LLC | $97.5M | 92,241 |
| GEODE CAPITAL MANAGEMENT, LLC | $92.8M | 87,767 |
More Consumer Discretionary Companies
View all Consumer Discretionary →Put GHC on your watchlist
Track score changes the day Graham Holdings Co files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is GHC a good stock to buy?
13F Pro's AI-powered analysis of Graham Holdings Co (GHC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GHC are available on the GHC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own GHC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GHC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Graham Holdings Co's investment landscape.