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Side-by-side financial comparison of BRUNSWICK CORP (BC) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
BRUNSWICK CORP is the larger business by last-quarter revenue ($1.3B vs $1.3B, roughly 1.1× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs 1.4%, a 7.3% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (15.5% vs 0.4%). BRUNSWICK CORP produced more free cash flow last quarter ($83.6M vs $5.0M). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs -1.1%).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
BC vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.3B |
| Net Profit | $18.7M | $108.7M |
| Gross Margin | 23.1% | — |
| Operating Margin | 3.1% | 3.8% |
| Net Margin | 1.4% | 8.7% |
| Revenue YoY | 15.5% | 0.4% |
| Net Profit YoY | 122.7% | -80.2% |
| EPS (diluted) | $0.32 | $24.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
| Q4 25 | $18.7M | $108.7M | ||
| Q3 25 | $-235.5M | $122.9M | ||
| Q2 25 | $59.3M | $36.7M | ||
| Q1 25 | $20.2M | $23.9M | ||
| Q4 24 | $-82.5M | $548.8M | ||
| Q3 24 | $44.6M | $72.5M | ||
| Q2 24 | $100.0M | $-21.0M | ||
| Q1 24 | $68.0M | $124.4M |
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | 3.1% | 3.8% | ||
| Q3 25 | -17.8% | 5.2% | ||
| Q2 25 | 7.1% | 6.0% | ||
| Q1 25 | 4.6% | 4.1% | ||
| Q4 24 | -4.8% | 5.8% | ||
| Q3 24 | 7.7% | 6.8% | ||
| Q2 24 | 11.0% | 2.2% | ||
| Q1 24 | 8.1% | 3.1% |
| Q4 25 | 1.4% | 8.7% | ||
| Q3 25 | -17.3% | 9.6% | ||
| Q2 25 | 4.1% | 3.0% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | -7.1% | 44.1% | ||
| Q3 24 | 3.5% | 6.0% | ||
| Q2 24 | 6.9% | -1.8% | ||
| Q1 24 | 5.0% | 10.8% |
| Q4 25 | $0.32 | $24.76 | ||
| Q3 25 | $-3.59 | $27.91 | ||
| Q2 25 | $0.89 | $8.35 | ||
| Q1 25 | $0.30 | $5.45 | ||
| Q4 24 | $-1.21 | $124.05 | ||
| Q3 24 | $0.67 | $16.42 | ||
| Q2 24 | $1.48 | $-4.79 | ||
| Q1 24 | $0.99 | $27.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $256.8M | $267.0M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $1.6B | $4.8B |
| Total Assets | $5.3B | $8.4B |
| Debt / EquityLower = less leverage | 1.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $256.8M | $267.0M | ||
| Q3 25 | $297.7M | $190.8M | ||
| Q2 25 | $315.7M | $176.2M | ||
| Q1 25 | $286.7M | $156.7M | ||
| Q4 24 | $269.0M | $260.9M | ||
| Q3 24 | $284.1M | $244.4M | ||
| Q2 24 | $494.5M | $140.7M | ||
| Q1 24 | $548.4M | $130.9M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $4.8B | ||
| Q3 25 | $1.6B | $4.5B | ||
| Q2 25 | $1.9B | $4.4B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | $1.9B | $4.3B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $2.0B | $4.0B | ||
| Q1 24 | $2.0B | $4.0B |
| Q4 25 | $5.3B | $8.4B | ||
| Q3 25 | $5.4B | $7.9B | ||
| Q2 25 | $5.8B | $7.6B | ||
| Q1 25 | $5.9B | $7.6B | ||
| Q4 24 | $5.7B | $7.7B | ||
| Q3 24 | $6.0B | $7.4B | ||
| Q2 24 | $6.4B | $7.2B | ||
| Q1 24 | $6.5B | $7.3B |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $132.9M | $28.3M |
| Free Cash FlowOCF − Capex | $83.6M | $5.0M |
| FCF MarginFCF / Revenue | 6.3% | 0.4% |
| Capex IntensityCapex / Revenue | 3.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 7.11× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $396.3M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $132.9M | $28.3M | ||
| Q3 25 | $140.4M | $178.1M | ||
| Q2 25 | $316.2M | $94.8M | ||
| Q1 25 | $-27.4M | $46.0M | ||
| Q4 24 | $306.4M | $116.3M | ||
| Q3 24 | $67.4M | $237.6M | ||
| Q2 24 | $211.0M | $52.0M | ||
| Q1 24 | $-153.4M | $1.1M |
| Q4 25 | $83.6M | $5.0M | ||
| Q3 25 | $106.5M | $161.8M | ||
| Q2 25 | $271.3M | $78.0M | ||
| Q1 25 | $-65.1M | $30.5M | ||
| Q4 24 | $276.1M | $91.1M | ||
| Q3 24 | $31.4M | $219.4M | ||
| Q2 24 | $163.9M | $33.7M | ||
| Q1 24 | $-207.4M | $-20.2M |
| Q4 25 | 6.3% | 0.4% | ||
| Q3 25 | 7.8% | 12.6% | ||
| Q2 25 | 18.7% | 6.4% | ||
| Q1 25 | -5.3% | 2.6% | ||
| Q4 24 | 23.9% | 7.3% | ||
| Q3 24 | 2.5% | 18.2% | ||
| Q2 24 | 11.4% | 2.8% | ||
| Q1 24 | -15.2% | -1.8% |
| Q4 25 | 3.7% | 1.9% | ||
| Q3 25 | 2.5% | 1.3% | ||
| Q2 25 | 3.1% | 1.4% | ||
| Q1 25 | 3.1% | 1.3% | ||
| Q4 24 | 2.6% | 2.0% | ||
| Q3 24 | 2.8% | 1.5% | ||
| Q2 24 | 3.3% | 1.5% | ||
| Q1 24 | 4.0% | 1.8% |
| Q4 25 | 7.11× | 0.26× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 5.33× | 2.58× | ||
| Q1 25 | -1.36× | 1.93× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | 1.51× | 3.28× | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | -2.26× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
