Graham Holdings is a diversified holding company whose main businesses include Kaplan (test prep, English-language programs, and international student services sold to individuals and institutions), local TV broadcasting stations, automotive dealerships, and smaller manufacturing and healthcare operations. Revenue comes primarily from tuition and program fees at Kaplan and vehicle sales at its dealerships, with the remaining segments contributing a smaller mix of advertising, manufacturing, and services income.
Employees19,920IPOJun 1, 1972SIC6719HQ1812 North Moore Street, Arlington, VA, USA, 22209
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
30.0%
Operating Margin
5.7%
EBITDA Margin
18.4%
Net Margin
10.7%
OCF Margin
6.5%
FCF Margin
4.9%
Returns on Capital
ROE
11.7%
ROA
6.7%
ROIC
3.3%
ROCE
11.6%
ROC (Greenblatt)
79.0%
3Y ROIIC
3.6%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
9.70
Forward P/E
17.45
P/E ex-NRI
9.04
Shiller P/E (CAPE)
15.44
Cash Flow Multiples
P/FCF
21.22
P/OCF
16.13
P/Owner Earnings
8.39
FCF Yield
4.87%
Enterprise Value Multiples
EV / EBIT
7.06
EV / Forward EBIT
—
EV / EBITDA
5.80
EV / Forward EBITDA
—
EV / Revenue
1.07
EV / Forward Revenue
—
Asset / Sales
P/S
1.02
P/B
1.07
P/Tangible Book
1.74
Growth-Adjusted
PEG
0.83
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.63%
Forward Dividend Yield
0.64%
3Y Dividend Growth
4.4%
Payout Ratio
0.06
5Y Yield on Cost
0.79%
Buybacks & Dilution
3Y Buyback Ratio
3.10%
5Y Share Change
−20.0%
Combined
Shareholder Yield
2.30%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.28
Gross Debt / EBITDA
1.44
Cash / Debt
0.93
Equity / Assets
0.59
Coverage
Interest Coverage
5.55
Short-Term Liquidity
Current Ratio
1.86
Quick Ratio
1.59
Cash Ratio
1.02
Composite Scores
Piotroski F-Score
4
Altman Z-Score
3.46
Split History
Date
Split
1979-01-08
2:1
1976-12-20
2:1
Ex-date
Amount
Pay date
2026-07-16
$1.88
2026-08-06
2026-04-16
$1.88
2026-05-07
2026-02-04
$1.88
2026-02-19
2025-10-16
$1.8
2025-11-06
2025-07-17
$1.8
2025-08-07
2025-04-17
$1.8
2025-05-08
2025-02-03
$1.8
2025-02-20
2024-10-17
$1.72
2024-11-07
2024-07-18
$1.72
2024-08-08
2024-04-17
$1.72
2024-05-09
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View allDate
Transcript
Type
2023-12-12
Graham Holdings Co Investor Day Transcript
Analyst/Investor Call
2023-05-04
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2022-12-13
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2022-05-05
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2021-12-09
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2021-05-06
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2020-12-03
Graham Holdings Co Virtual Investor Day Transcript
Analyst/Investor Call
2020-05-07
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2019-05-02
Graham Holdings Co Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
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5-Step DuPont Analysis
ROE %
11.89%
×
×
Net Margin %
10.69%
×
×
Operating Margin %
5.68%
Operating Income
$288M
÷
Revenue
$5.07B
×
Tax Burden
0.7591
Net Income
$542M
÷
Pretax Income
$714M
×
Interest Burden
2.4792
Pretax Income
$714M
÷
Operating Income
$288M
×
Asset Turnover
0.64
÷
Revenue
$5.07B
÷
Average Total Assets
$7.88B
Begin Total Assets
$7.62B
End Total Assets
$8.14B
×
Equity Multiplier
1.73
÷
Avg Total Assets
$7.88B
÷
Avg Stockholders Equity
$4.56B
Begin Equity
$4.35B
End Equity
$4.76B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 425.3K | 9.75% | +9.6K | $485.39M |
| Madison Avenue Partners, LP | 246.4K | 5.65% | +539 | $281.21M |
| DIMENSIONAL FUND ADVISORS LP | 237.0K | 5.43% | +2.0K | $270.52M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 174.8K | 4.01% | +865 | $199.52M |
| Wallace Capital Management Inc. | 156.4K | 3.59% | +1.3K | $178.49M |
| VANGUARD CAPITAL MANAGEMENT LLC | 144.6K | 3.31% | -1.0K | $165.03M |
| STATE STREET CORP | 127.8K | 2.93% | +3.2K | $145.87M |
| FIRST TRUST ADVISORS LP | 92.5K | 2.12% | -42 | $105.54M |
| GEODE CAPITAL MANAGEMENT, LLC | 91.0K | 2.09% | +3.2K | $103.86M |
| AQR CAPITAL MANAGEMENT LLC | 90.1K | 2.07% | -2.1K | $102.88M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Rosen Andrew StephenOfficer | 37.8K | 0.8660% | $45.45M |
| Weymouth KatharineDirector | 7.6K | 0.1746% | $9.16M |
| Maas, JacobOfficer | 7.2K | 0.1641% | $8.61M |
| Davis Christopher CDirector | 5.6K | 0.1293% | $6.78M |
| Maddrey Nicole MarieOfficer | 4.2K | 0.0968% | $5.08M |
| Cooney Wallace R.Officer | 3.5K | 0.0808% | $4.24M |
| WAGONER G RICHARD JRDirector | 2.7K | 0.0620% | $3.25M |
| O'Shaughnessy Timothy JOfficer | — | — | — |
| O'Shaughnessy Laura10% owner | — | — | — |
| MULCAHY ANNE MDirector | — | — | — |
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View allRecent insider activity
through Oct 1, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| WAGONER G RICHARD JRDirector | Grant/Award (Rule 16b-3(d)) | +21 | $23.9K | Oct 1, 2026 |
| MULCAHY ANNE MDirector | Grant/Award (Rule 16b-3(d)) | +21 | $23.9K | Oct 1, 2026 |
| Markell Jack A.Director | Grant/Award (Rule 16b-3(d)) | +7 | $7,974 | Oct 1, 2026 |
| Davis Christopher CDirector | Grant/Award (Rule 16b-3(d)) | +24 | $27.3K | Oct 1, 2026 |
| CONLEY DANIELLE Y.Director | Grant/Award (Rule 16b-3(d)) | +19 | $21.6K | Oct 1, 2026 |
| Maas, JacobOfficer | Grant/Award (Rule 16b-3(d)) | +1.0K | $0 | Aug 28, 2026 |
| Maas, JacobOfficer | Tax Withholding | -501 | $580.8K | Aug 28, 2026 |
| O'Shaughnessy Timothy JOfficer | Other Acquisition or Disposition | -4.2K | — | Aug 13, 2026 |
| O'Shaughnessy Laura10% owner | Other Acquisition or Disposition | -4.2K | — | Aug 13, 2026 |
| WAGONER G RICHARD JRDirector | Grant/Award (Rule 16b-3(d)) | +21 | $24.4K | Jul 1, 2026 |
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