Stocks · Industrials · Conglomerates
Graham Holdings Company GHC
$1,149.61 -0.15% Close, Oct 2, 2026 · NYSE · Market cap $4.96B
Inexpensive vs sectorLow risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $124.10, down 19.4% year over year.
- Revenue over the last four quarters was $5.07B, up 4.8% from a year earlier.
- Over the past year the stock returned -0.2%, behind the S&P 500 by 15.3 percentage points.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 37%
- EPS growth (TTM, YoY)Bottom 28%
- FCF growth (TTM, YoY)Bottom 23%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationBottom 48%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 37%
- Gross marginTop 49%
- Operating marginBottom 45%
- Cash conversion (OCF / net income)Bottom 8%
- Accruals (lower is better)Bottom 6%
- Net debt / EBITDA (lower is better)Top 38%
- Interest coverTop 39%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 3%
- Free-cash-flow yieldTop 32%
- EBITDA / enterprise valueTop 5%
- Sales / enterprise valueTop 28%
- P/E vs own 5-year history (lower is better)Top 32%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 36%
- 6-month returnTop 43%
- 1-year return vs S&P 500Bottom 43%
- Distance from 52-week highTop 13%
- Trend checklist (0–4)Top 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 26%
- Consecutive EPS beatsTop 45%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 4%
- Maximum drawdown, 3 yearsTop 2%
- Beta vs S&P 500 (lower is better)Top 15%
- Net debt / EBITDA (lower is better)Top 38%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.7% | 4.8% | ↑ |
| EPS growth (YoY) | -52.0% | -19.4% | ↑ |
| Gross margin | 29.9% | 28.8% | ↓ |
| Operating margin | 5.7% | 5.8% | ↑ |
| FCF margin | 8.7% | 4.7% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.8% | 3.7% | ↑ | Bottom 37% |
| EPS growth (TTM, YoY) | -19.4% | -52.0% | ↑ | Bottom 28% |
| Gross margin | 28.8% | 29.9% | ↓ | Top 49% |
| Operating margin | 5.8% | 5.7% | ↑ | Bottom 45% |
| Net margin | 10.7% | 14.1% | ↓ | — |
| Free-cash-flow margin | 4.7% | 8.7% | ↓ | — |
| Return on invested capital | 3.2% | — | Bottom 37% | |
| Revenue growth, 3-year CAGR | 7.8% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.59×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +1.9 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.26×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.65%
- Net buyback yield (TTM)
- 2.46%
- Shareholder yield
- 3.10%
- Share count change, 1 year
- -1.5%
- Share count change, 3-year CAGR
- -2.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +16.5%
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 5 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +31.2% | -0.7% | -1.7% | -5.7% | — |
| Apr 30, 2026 | +28.1% | -2.4% | -2.4% | -2.3% | +2.5% |
| Feb 25, 2026 | -18.5% | -1.6% | -2.1% | -0.5% | +3.4% |
| Oct 29, 2025 | +25.4% | -1.7% | -2.6% | +2.7% | +10.0% |
| Jul 30, 2025 | +41.2% | +3.1% | +3.0% | +18.1% | +11.6% |
| Apr 30, 2025 | -49.1% | -0.8% | +3.0% | +0.2% | -0.9% |
| Feb 26, 2025 | +19.2% | +3.5% | +1.0% | +1.9% | -0.5% |
| Oct 30, 2024 | +12.7% | +6.5% | +8.9% | +21.3% | +15.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $19.46 | $14.83 | +31.2% | $1.30B |
| Apr 30, 2026 | $16.79 | $13.11 | +28.1% | $1.24B |
| Feb 25, 2026 | $11.45 | $14.05 | -18.5% | $1.25B |
| Oct 29, 2025 | $14.08 | $11.23 | +25.4% | $1.28B |
| Jul 30, 2025 | $14.33 | $10.15 | +41.2% | $1.22B |
| Apr 30, 2025 | $5.50 | $10.80 | -49.1% | $1.17B |
| Feb 26, 2025 | $22.58 | $18.94 | +19.2% | $1.25B |
| Oct 30, 2024 | $17.25 | $15.31 | +12.7% | $1.21B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 9.3× | 13.0× | 38th | Top 3% |
| P/E (forward) | 16.7× | — | — | — |
| EV / EBITDA | 6.6× | — | — | Top 5% |
| EV / Sales | 1.21× | — | — | Top 28% |
| Free-cash-flow yield | 4.84% | — | — | Top 32% |
| Earnings yield | 10.79% | — | — | Top 3% |
P/E over the past five years
Range 6.0× – 116.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -0.2%
- Earnings per share growth (TTM)
- -19.4%
- Change in P/E multiple
- +59.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 3
- 50-day average slope (20 days)
- -0.8%
- 200-day average slope (20 days)
- +0.5%
- Distance from 50-day average
- -1.0%
- Distance from 200-day average
- +1.8%
- RSI (14)
- 51.1
- Relative volume
- 0.67×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 21.2%
- Volatility vs own 5-year history
- 11th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.65
- Correlation with S&P 500
- 0.36
- Current drawdown from 1-year high
- -6.8%
- Maximum drawdown, 3 years
- -19.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 21, 2021 | Sep 27, 2022 | -22.4% | 340 days | 306 days (Dec 14, 2023) |
| Sep 26, 2025 | Oct 16, 2025 | -19.8% | 14 days | 65 days (Jan 21, 2026) |
| Jul 26, 2024 | Aug 7, 2024 | -14.5% | 8 days | 37 days (Sep 30, 2024) |
| Jan 21, 2026 | Mar 20, 2026 | -13.1% | 41 days | 80 days (Jul 16, 2026) |
| Apr 2, 2025 | Apr 21, 2025 | -12.7% | 12 days | 78 days (Aug 12, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $4.96B
- P/E (TTM)
- 9.3
- EPS, diluted (TTM)
- $124.10
- Revenue (TTM)
- $5.07B
- Dividend yield
- 0.81%
- 52-week range
- $929.76 – $1,262.35
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $3.19B | $3.92B | $4.41B | $4.79B | $4.91B |
| Gross profit | $1.07B | $1.27B | $1.31B | $1.47B | $1.36B |
| Operating income | $77.4M | $83.9M | $69.4M | $215.5M | $251.8M |
| Net income | $352.1M | $67.1M | $205.3M | $724.6M | $292.3M |
| EPS (diluted) | $70.46 | $13.79 | $43.82 | $163.40 | $66.47 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.25B | $1.17B | $1.22B | $1.28B | $1.25B | $1.24B | $1.30B |
| Net income | $72.5M | $548.8M | $23.9M | $36.7M | $122.9M | $108.7M | $29.1M | $281.1M |
| EPS (diluted) | $16.42 | $123.75 | $5.45 | $8.35 | $27.91 | $24.71 | $6.62 | $64.86 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $202.4M | $235.6M | $259.9M | $407.0M | $339.5M |
| Capital expenditure | -$162.5M | -$82.7M | -$93.4M | -$82.9M | -$71.9M |
| Free cash flow | $39.9M | $152.9M | $166.4M | $324.1M | $267.7M |
| Dividends paid | -$30.1M | -$30.7M | -$31.0M | -$30.3M | -$31.4M |
| Net share buybacks | -$55.7M | -$69.6M | -$193.2M | -$114.1M | -$3.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $1.25B
- Total assets
- $8.14B
- Total liabilities
- $3.32B
- Total debt
- $1.34B
- Net debt
- $1.18B
- Shareholders’ equity
- $4.76B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 15, 2026 | $1.88 | Nov 5, 2026 |
| Jul 16, 2026 | $1.88 | Aug 6, 2026 |
| Apr 16, 2026 | $1.88 | May 7, 2026 |
| Feb 4, 2026 | $1.88 | Feb 19, 2026 |
| Oct 16, 2025 | $1.80 | Nov 6, 2025 |
| Jul 17, 2025 | $1.80 | Aug 7, 2025 |
| Apr 17, 2025 | $1.80 | May 8, 2025 |
| Feb 3, 2025 | $1.80 | Feb 20, 2025 |
Short interest
- Shares sold short
- 223,186
- Days to cover
- 5.82
- Change vs previous report
- +29.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 1, 2015
- 331-for-200
- Jan 8, 1979
- 2-for-1
- Dec 20, 1976
- 2-for-1