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Side-by-side financial comparison of CoreWeave, Inc. (CRWV) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
CoreWeave, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs -28.7%, a 37.4% gap on every dollar of revenue. Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-2.5B).
CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises, and also develops its own chip management software.
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.
CRWV vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $-451.7M | $108.7M |
| Gross Margin | 67.6% | — |
| Operating Margin | -5.7% | 3.8% |
| Net Margin | -28.7% | 8.7% |
| Revenue YoY | — | 0.4% |
| Net Profit YoY | — | -80.2% |
| EPS (diluted) | $-0.50 | $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 | $1.6B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $981.6M | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $583.9M | $1.2B | ||
| Q2 24 | $395.4M | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $-451.7M | $108.7M | ||
| Q3 25 | $-110.1M | $122.9M | ||
| Q2 25 | $-290.5M | $36.7M | ||
| Q1 25 | $-314.6M | $23.9M | ||
| Q4 24 | — | $548.8M | ||
| Q3 24 | $-359.8M | $72.5M | ||
| Q2 24 | $-323.0M | $-21.0M | ||
| Q1 24 | — | $124.4M |
| Q4 25 | 67.6% | — | ||
| Q3 25 | 73.0% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 73.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 75.5% | — | ||
| Q2 24 | 72.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | -5.7% | 3.8% | ||
| Q3 25 | 3.8% | 5.2% | ||
| Q2 25 | 1.6% | 6.0% | ||
| Q1 25 | -2.8% | 4.1% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 20.1% | 6.8% | ||
| Q2 24 | 19.7% | 2.2% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | -28.7% | 8.7% | ||
| Q3 25 | -8.1% | 9.6% | ||
| Q2 25 | -24.0% | 3.0% | ||
| Q1 25 | -32.1% | 2.0% | ||
| Q4 24 | — | 44.1% | ||
| Q3 24 | -61.6% | 6.0% | ||
| Q2 24 | -81.7% | -1.8% | ||
| Q1 24 | — | 10.8% |
| Q4 25 | $-0.50 | $24.76 | ||
| Q3 25 | $-0.22 | $27.91 | ||
| Q2 25 | $-0.60 | $8.35 | ||
| Q1 25 | $-1.49 | $5.45 | ||
| Q4 24 | — | $124.05 | ||
| Q3 24 | $-1.82 | $16.42 | ||
| Q2 24 | $-1.62 | $-4.79 | ||
| Q1 24 | — | $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 | $3.2B | $267.0M |
| Total DebtLower is stronger | $21.4B | — |
| Stockholders' EquityBook value | $3.3B | $4.8B |
| Total Assets | $49.3B | $8.4B |
| Debt / EquityLower = less leverage | 6.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2B | $267.0M | ||
| Q3 25 | $1.9B | $190.8M | ||
| Q2 25 | $1.2B | $176.2M | ||
| Q1 25 | $1.3B | $156.7M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | $1.4B | $244.4M | ||
| Q2 24 | $1.0B | $140.7M | ||
| Q1 24 | — | $130.9M |
| Q4 25 | $21.4B | — | ||
| Q3 25 | $14.0B | — | ||
| Q2 25 | $11.1B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $4.8B | ||
| Q3 25 | $3.9B | $4.5B | ||
| Q2 25 | $2.7B | $4.4B | ||
| Q1 25 | $1.9B | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | $-344.0M | $4.0B | ||
| Q2 24 | $-1.0B | $4.0B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | $49.3B | $8.4B | ||
| Q3 25 | $32.9B | $7.9B | ||
| Q2 25 | $26.2B | $7.6B | ||
| Q1 25 | $21.9B | $7.6B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.3B |
| Q4 25 | 6.41× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 4.16× | — | ||
| Q1 25 | 4.57× | — | ||
| Q4 24 | — | — | ||
| 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 | $1.6B | $28.3M |
| Free Cash FlowOCF − Capex | $-2.5B | $5.0M |
| FCF MarginFCF / Revenue | -159.1% | 0.4% |
| Capex IntensityCapex / Revenue | 258.3% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.3B | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $28.3M | ||
| Q3 25 | $1.7B | $178.1M | ||
| Q2 25 | $-251.3M | $94.8M | ||
| Q1 25 | $61.2M | $46.0M | ||
| Q4 24 | — | $116.3M | ||
| Q3 24 | — | $237.6M | ||
| Q2 24 | — | $52.0M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | $-2.5B | $5.0M | ||
| Q3 25 | $-699.8M | $161.8M | ||
| Q2 25 | $-2.7B | $78.0M | ||
| Q1 25 | $-1.3B | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | -159.1% | 0.4% | ||
| Q3 25 | -51.3% | 12.6% | ||
| Q2 25 | -223.0% | 6.4% | ||
| Q1 25 | -137.1% | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | 258.3% | 1.9% | ||
| Q3 25 | 175.1% | 1.3% | ||
| Q2 25 | 202.3% | 1.4% | ||
| Q1 25 | 143.4% | 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
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
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% |
