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Side-by-side financial comparison of Boxlight Corp (BOXL) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $29.3M, roughly 42.6× Boxlight Corp). Graham Holdings Co runs the higher net margin — 8.7% vs -21.1%, a 29.8% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -19.2%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs -23.1%).
Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.
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.
BOXL vs GHC — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $1.3B |
| Net Profit | $-6.2M | $108.7M |
| Gross Margin | 29.1% | — |
| Operating Margin | -13.4% | 3.8% |
| Net Margin | -21.1% | 8.7% |
| Revenue YoY | -19.2% | 0.4% |
| Net Profit YoY | -102.0% | -80.2% |
| EPS (diluted) | $-1.88 | $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 | ||
| Q3 25 | $29.3M | $1.3B | ||
| Q2 25 | $30.9M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $24.0M | $1.2B | ||
| Q3 24 | $36.3M | $1.2B | ||
| Q2 24 | $38.5M | $1.2B | ||
| Q1 24 | $37.1M | $1.2B |
| Q4 25 | — | $108.7M | ||
| Q3 25 | $-6.2M | $122.9M | ||
| Q2 25 | $-4.7M | $36.7M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | $-16.7M | $548.8M | ||
| Q3 24 | $-3.1M | $72.5M | ||
| Q2 24 | $-1.5M | $-21.0M | ||
| Q1 24 | $-7.1M | $124.4M |
| Q4 25 | — | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 33.8% | — | ||
| Q2 24 | 37.7% | — | ||
| Q1 24 | 34.5% | — |
| Q4 25 | — | 3.8% | ||
| Q3 25 | -13.4% | 5.2% | ||
| Q2 25 | -12.7% | 6.0% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | -67.6% | 5.8% | ||
| Q3 24 | -2.4% | 6.8% | ||
| Q2 24 | 3.2% | 2.2% | ||
| Q1 24 | -9.7% | 3.1% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | -21.1% | 9.6% | ||
| Q2 25 | -15.3% | 3.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | -69.6% | 44.1% | ||
| Q3 24 | -8.4% | 6.0% | ||
| Q2 24 | -3.8% | -1.8% | ||
| Q1 24 | -19.1% | 10.8% |
| Q4 25 | — | $24.76 | ||
| Q3 25 | $-1.88 | $27.91 | ||
| Q2 25 | $-1.53 | $8.35 | ||
| Q1 25 | — | $5.45 | ||
| Q4 24 | $-87.29 | $124.05 | ||
| Q3 24 | $-1.72 | $16.42 | ||
| Q2 24 | $-0.92 | $-4.79 | ||
| Q1 24 | $-0.76 | $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 | $11.8M | $267.0M |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $4.8B |
| Total Assets | $99.6M | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $267.0M | ||
| Q3 25 | $11.8M | $190.8M | ||
| Q2 25 | $7.6M | $176.2M | ||
| Q1 25 | — | $156.7M | ||
| Q4 24 | $8.0M | $260.9M | ||
| Q3 24 | $10.5M | $244.4M | ||
| Q2 24 | $7.5M | $140.7M | ||
| Q1 24 | $11.8M | $130.9M |
| Q4 25 | — | — | ||
| Q3 25 | $36.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $37.1M | — | ||
| Q3 24 | $38.8M | — | ||
| Q2 24 | $40.3M | — | ||
| Q1 24 | $38.5M | — |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $-19.5M | $4.5B | ||
| Q2 25 | $-20.6M | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $-12.9M | $4.3B | ||
| Q3 24 | $6.5M | $4.0B | ||
| Q2 24 | $7.5M | $4.0B | ||
| Q1 24 | $9.1M | $4.0B |
| Q4 25 | — | $8.4B | ||
| Q3 25 | $99.6M | $7.9B | ||
| Q2 25 | $99.2M | $7.6B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $115.3M | $7.7B | ||
| Q3 24 | $142.9M | $7.4B | ||
| Q2 24 | $141.3M | $7.2B | ||
| Q1 24 | $142.4M | $7.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | — | ||
| Q2 24 | 5.38× | — | ||
| Q1 24 | 4.23× | — |
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 | $1.3M | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.3M | ||
| Q3 25 | $1.3M | $178.1M | ||
| Q2 25 | — | $94.8M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | $1.6M | $116.3M | ||
| Q3 24 | $5.2M | $237.6M | ||
| Q2 24 | $-5.4M | $52.0M | ||
| Q1 24 | $-1.9M | $1.1M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
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% |
