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Diversified holding company with education (Kaplan), TV broadcasting, healthcare and other operating businesses.
Diversified holding company with education (Kaplan), TV broadcasting, healthcare and other operating businesses.
A holding company formed after The Washington Post Company sold the newspaper in 2013, now earning from a spread of businesses: education led by Kaplan, local TV stations, home health and hospice care, and manufacturing and car dealerships. The Graham family controls it through a separate class of voting shares.
Moat: none (scale, brand). A diversified holding company; each business has its own modest moat rather than one shared advantage.
Headquarters: Arlington, Virginia, United States · Founded: 1877 · Employees: 19,920
Size Graham (GHC) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $5.05B, the 1180th largest of 3,117 United States companies the cockpit tracks. Shares closed at $1,212 on 6 Nov 2026.
Performance Over six months the shares gained 6.7%, against +0.2% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +12.9%); the operating margin is 6.0% (peer median 15.8%).
Valuation It trades at 16.4× forward earnings against a peer median of 17.5× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points below its cost of capital (7.9% WACC).
Short interest Short interest is 7.5% of the free float (15 Oct 2026).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.12B | $4.91B | $4.79B | $4.41B | $3.92B |
| Revenue growth | — | +3% | +9% | +12% | — |
| Gross profit | $1.43B | $1.36B | $1.34B | $1.18B | $1.13B |
| EBITDA | $466M | $424M | $453M | $380M | $419M |
| Net income | $491M | $291M | $720M | $204M | $66.7M |
| Free cash flow | $175M | $268M | $319M | $166M | $153M |
| Capital expenditure | $126M | $71.9M | $82.9M | $93.4M | $82.7M |
| Total debt | $1.29B | $1.36B | $1.19B | $1.25B | $1.19B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Graham GHC | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% |
| Covista CVSA | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% |
| Gray Media GTN | $520M | +11% | -11% | 14% | 2.7× | 2.2% |
| Nexstar Media NXST | $5.85B | -6% | +11% | 18% | 6.2× | 5.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GHC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | +9.8% | 8th lowest of 21 |
| 6-month return | +6.7% | +0.2% | 10th highest of 21 |
| Distance from 52-week high | -4.5% | -18.4% | 4th highest of 21 |
| Revenue growth (TTM) | +4.3% | +12.9% | 5th lowest of 21 |
| Operating margin | 6.0% | 15.8% | 4th lowest of 21 |
| Forward P/E | 16.4× | 17.5× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 8.6% | 4.8% | 6th most demanding of 18 |
| Growth delivered (Del g) | +11.2% | +16.0% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | -2.6 pp | -18.4 pp | 5th most demanding of 18 |
| ROIC minus cost of capital | -3.0 pp | +8.5 pp | 2nd lowest of 20 |
| EV / EBITDA | 11.1× | 11.2× | 9th cheapest of 19 |
| Net debt / EBITDA | 0.1× | 1.5× | 6th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Service Corporation International SCI | United States | $10.0B | -5% | +3% | 22% | 17.5× | 3.4% | +4.2% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Life Time LTH | United States | $10.6B | +48% | +13% | 17% | 26.7× | n/a | n/a |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |