Graham Holdings Co — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that Graham Holdings Co filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $763.48M | Feb 26, 2020 |
| FY2019 | Sep 30, 2019 | $738.82M | Feb 26, 2020 |
| FY2019 | Jun 30, 2019 | $737.60M | Feb 26, 2020 |
| FY2019 | Mar 31, 2019 | $692.20M | Feb 26, 2020 |
| FY2019 | Dec 31, 2018 | $689.09M | Feb 26, 2020 |
| FY2019 | Sep 30, 2018 | $674.77M | Feb 26, 2020 |
| FY2019 | Jun 30, 2018 | $672.68M | Feb 26, 2020 |
| FY2019 | Mar 31, 2018 | $659.44M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $675.82M | Feb 25, 2019 |
| FY2018 | Sep 30, 2017 | $657.23M | Feb 25, 2019 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.91B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $4.79B | Feb 25, 2026 |
| FY2023 | Dec 31, 2023 | $1.17B | Feb 23, 2024 |
| FY2023 | Sep 30, 2023 | $1.11B | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | $1.10B | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | $1.03B | Feb 23, 2024 |
| FY2023 | Dec 31, 2022 | $1.06B | Feb 23, 2024 |
| FY2023 | Sep 30, 2022 | $1.01B | Feb 23, 2024 |
| FY2023 | Jun 30, 2022 | $933.30M | Feb 23, 2024 |
| FY2023 | Mar 31, 2022 | $914.72M | Feb 23, 2024 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $292.29M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $724.63M | Feb 25, 2026 |
| FY2023 | Dec 31, 2023 | $53.26M | Feb 23, 2024 |
| FY2023 | Sep 30, 2023 | ($23.03M) | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | $122.79M | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | $52.27M | Feb 23, 2024 |
| FY2023 | Dec 31, 2022 | $6.16M | Feb 23, 2024 |
| FY2023 | Sep 30, 2022 | $32.78M | Feb 23, 2024 |
| FY2023 | Jun 30, 2022 | ($67.49M) | Feb 23, 2024 |
| FY2023 | Mar 31, 2022 | $95.62M | Feb 23, 2024 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $234.95M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $215.50M | Feb 25, 2026 |
| FY2023 | Dec 31, 2023 | $40.79M | Feb 23, 2024 |
| FY2023 | Sep 30, 2023 | ($57.11M) | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | $58.06M | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | $27.66M | Feb 23, 2024 |
| FY2023 | Dec 31, 2022 | ($54.93M) | Feb 23, 2024 |
| FY2023 | Sep 30, 2022 | $59.53M | Feb 23, 2024 |
| FY2023 | Jun 30, 2022 | $39.33M | Feb 23, 2024 |
| FY2023 | Mar 31, 2022 | $39.97M | Feb 23, 2024 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $231.45M | Feb 23, 2018 |
| FY2017 | Sep 30, 2017 | $232.78M | Feb 23, 2018 |
| FY2017 | Jun 30, 2017 | $213.85M | Feb 23, 2018 |
| FY2017 | Mar 31, 2017 | $231.51M | Feb 23, 2018 |
| FY2017 | Dec 31, 2016 | $195.17M | Feb 23, 2018 |
| FY2017 | Sep 30, 2016 | $237.69M | Feb 23, 2018 |
| FY2017 | Jun 30, 2016 | $236.44M | Feb 23, 2018 |
| FY2017 | Mar 31, 2016 | $235.21M | Feb 23, 2018 |
| FY2016 | Dec 31, 2015 | $239.78M | Feb 24, 2017 |
| FY2016 | Sep 30, 2015 | $285.56M | Feb 24, 2017 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $347.19M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $406.99M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $259.88M | Feb 25, 2026 |
| FY2023 | Sep 30, 2023 | $202.53M | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | $62.24M | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | $22.81M | Feb 23, 2024 |
| FY2024 | Dec 31, 2022 | $235.60M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $202.43M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $210.66M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $165.16M | Feb 25, 2022 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $71.88M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $82.91M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $93.45M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $82.68M | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $162.54M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $69.59M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $93.50M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $98.19M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $60.36M | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $66.61M | Feb 25, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.40B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $7.68B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $7.19B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $6.55B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $7.43B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $6.44B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $5.93B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $4.76B | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $4.94B | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | $4.43B | Feb 23, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.53B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.35B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $3.16B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $2.78B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $3.00B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.67B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $2.60B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $1.84B | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $2.02B | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | $1.98B | Feb 23, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.79B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $4.26B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $3.98B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $3.73B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $4.40B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $3.76B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $3.32B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $2.92B | Feb 26, 2020 |
| FY2015 | Dec 31, 2015 | $2.49B | Feb 26, 2016 |
| FY2015 | Dec 31, 2014 | $3.14B | Feb 26, 2016 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.59B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $1.50B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $1.53B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $1.56B | Feb 26, 2025 |
| FY2023 | Dec 31, 2021 | $1.65B | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $1.48B | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $1.39B | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $1.30B | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $1.30B | Feb 26, 2020 |
| FY2018 | Dec 31, 2016 | $1.12B | Feb 25, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.29B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $8.03B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $7.34B | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $7.16B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $7.13B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $6.80B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $6.53B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $6.24B | Feb 26, 2020 |
| FY2018 | Jan 1, 2018 | $5.80B | Feb 25, 2019 |
| FY2018 | Dec 31, 2017 | $5.79B | Feb 25, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $266.99M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $260.85M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $169.90M | Feb 26, 2025 |
| FY2023 | Dec 31, 2022 | $169.32M | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $145.89M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $413.99M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $200.17M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $253.26M | Feb 26, 2020 |
| FY2018 | Dec 31, 2017 | $390.01M | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | $648.89M | Feb 23, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 67 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 164 | Feb 25, 2026 |
| FY2023 | Dec 31, 2023 | 11 | Feb 23, 2024 |
| FY2023 | Sep 30, 2023 | (5) | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | 25 | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | 10 | Feb 23, 2024 |
| FY2023 | Dec 31, 2022 | 1 | Feb 23, 2024 |
| FY2023 | Sep 30, 2022 | 6 | Feb 23, 2024 |
| FY2023 | Jun 30, 2022 | (13) | Feb 23, 2024 |
| FY2023 | Mar 31, 2022 | 19 | Feb 23, 2024 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 66 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 163 | Feb 25, 2026 |
| FY2023 | Dec 31, 2023 | 11 | Feb 23, 2024 |
| FY2023 | Sep 30, 2023 | (5) | Feb 23, 2024 |
| FY2023 | Jun 30, 2023 | 25 | Feb 23, 2024 |
| FY2023 | Mar 31, 2023 | 10 | Feb 23, 2024 |
| FY2023 | Dec 31, 2022 | 1 | Feb 23, 2024 |
| FY2023 | Sep 30, 2022 | 6 | Feb 23, 2024 |
| FY2023 | Jun 30, 2022 | (13) | Feb 23, 2024 |
| FY2023 | Mar 31, 2022 | 19 | Feb 23, 2024 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2012 | Dec 31, 2012 | $147.33M | Feb 28, 2013 |
| FY2011 | Dec 31, 2011 | $75.49M | Feb 29, 2012 |
| FY2011 | Jan 2, 2011 | $82.09M | Feb 29, 2012 |
| FY2011 | Jan 3, 2010 | $81.77M | Feb 29, 2012 |
| FY2010 | Dec 28, 2008 | $82.16M | Mar 2, 2011 |