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Companies / Industrials / Graham Holdings Co
GHC

Graham Holdings Co

IndustrialsProfessional Services
Ticker GHCARLINGTON, VAFiscal year ends DecemberBook value per share $1096.63Diluted shares 4.3M

Graham Holdings Company (NYSE: GHC) operates as a diversified holding company with a portfolio spanning education, media, healthcare, manufacturing, and automotive sectors. The company maintains its headquarters and conducts operations across multiple geographic regions, with significant international presence… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.91B
+2.5% year over year
Last 12 mo $5.07B
4.78%
+0.3 percentage points
Last 12 mo 5.05%
$303.27M
−58.6% year over year
Last 12 mo $550.25M
6.32%
−11.8 percentage points
Last 12 mo 11.38%
Cash & financing
$347.19M
−14.7% year over year
Last 12 mo $326.79M
$275.30M
−15.0% year over year
Last 12 mo $207.91M
0.18
Was 0.18× a year earlier
Last 12 mo 0.19
4.4M
−0.7% year over year
Last 12 mo 4.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Graham Holdings Co does

In the company’s own words

Graham Holdings Company (NYSE: GHC) operates as a diversified holding company with a portfolio spanning education, media, healthcare, manufacturing, and automotive sectors. The company maintains its headquarters and conducts operations across multiple geographic regions, with significant international presence particularly through its education division.

The Education segment, operated through Kaplan Inc., represents a substantial portion of the business and serves approximately 1.16 million students and professionals globally. Kaplan operates through three primary divisions: Kaplan International, which provides educational services across Europe, the Middle East, North Africa, and Asia Pacific regions; Kaplan Higher Education, which delivers managed services and support to universities including Wake Forest, Creighton, and Purdue University Global; and Supplemental Education, which offers exam preparation, professional licensure training, and corporate education programs. Kaplan maintains relationships with approximately 17,680 companies and 1,510 educational institutions worldwide.

The Television Broadcasting segment operates through Graham Media Group, which owns and operates seven television stations in major markets including Houston, Detroit, Orlando, San Antonio, Jacksonville, and Roanoke. The division also provides social media management tools through Social News Desk. Advertising revenue comprises approximately 54 percent of broadcasting operations, supplemented by retransmission agreements with cable and satellite providers.

The Healthcare segment provides in-home specialty pharmacy infusion therapies, home health and hospice services, applied behavior analysis therapy, and healthcare software solutions. The Manufacturing division includes suppliers to the commercial building industry, electrical solutions manufacturers, and lifting equipment producers. The Automotive segment comprises eight dealerships and valet repair services.

Additional operations include Slate and Foreign Policy magazines, a daily local news podcast company, audio content monetization platforms, restaurants, custom framing services, and an online art commerce platform. The company's international operations, primarily through Kaplan, account for approximately 22 percent of consolidated revenues. Graham Holdings maintains a diversified business model designed to generate revenue across multiple industries and geographic markets, with particular strength in education services and media properties.

Company details
Sector
Industrials
Industry
Professional Services
Headquarters
ARLINGTON, VA
Fiscal year end
December
CIK
104889
SIC
8200

Financial performance, year by year

Fiscal 2013–2025 · USD
$-615.98M$934.30M$2.48B$4.03B$5.59B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Graham Holdings Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

310
funds hold it
1 of 35
superinvestors hold it
$1.53B
held by funds, at market
41.4%
of shares held by funds
1
bond issues held by funds

Superinvestors in Graham Holdings Co · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Graham Holdings Co’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
0.54%of fund net assets
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
0.86%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Graham Holdings Co’s bonds, as funds hold them

Funds report holding 1 issues of Graham Holdings Co’s debt, $162.62M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.63%, maturing 2033 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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