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Side-by-side financial comparison of AMDOCS LTD (DOX) 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 $1.3B, roughly 1.0× AMDOCS LTD). AMDOCS LTD runs the higher net margin — 11.2% vs 8.7%, a 2.5% gap on every dollar of revenue. On growth, AMDOCS LTD posted the faster year-over-year revenue change (1.1% vs 0.4%). Over the past eight quarters, AMDOCS LTD's revenue compounded faster (4.5% CAGR vs 4.2%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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.

DOX vs GHC — Head-to-Head

Bigger by revenue
GHC
GHC
1.0× larger
GHC
$1.3B
$1.3B
DOX
Growing faster (revenue YoY)
DOX
DOX
+0.7% gap
DOX
1.1%
0.4%
GHC
Higher net margin
DOX
DOX
2.5% more per $
DOX
11.2%
8.7%
GHC
Faster 2-yr revenue CAGR
DOX
DOX
Annualised
DOX
4.5%
4.2%
GHC

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
DOX
DOX
GHC
GHC
Revenue
$1.3B
$1.3B
Net Profit
$140.3M
$108.7M
Gross Margin
Operating Margin
14.1%
3.8%
Net Margin
11.2%
8.7%
Revenue YoY
1.1%
0.4%
Net Profit YoY
-12.0%
-80.2%
EPS (diluted)
$1.21
$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.

Revenue
DOX
DOX
GHC
GHC
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.3B
$1.2B
Q1 24
$1.2B
$1.2B
Net Profit
DOX
DOX
GHC
GHC
Q4 25
$108.7M
Q3 25
$122.9M
Q2 25
$36.7M
Q1 25
$23.9M
Q4 24
$548.8M
Q3 24
$72.5M
Q2 24
$140.3M
$-21.0M
Q1 24
$118.5M
$124.4M
Operating Margin
DOX
DOX
GHC
GHC
Q4 25
3.8%
Q3 25
5.2%
Q2 25
6.0%
Q1 25
4.1%
Q4 24
5.8%
Q3 24
6.8%
Q2 24
14.1%
2.2%
Q1 24
12.5%
3.1%
Net Margin
DOX
DOX
GHC
GHC
Q4 25
8.7%
Q3 25
9.6%
Q2 25
3.0%
Q1 25
2.0%
Q4 24
44.1%
Q3 24
6.0%
Q2 24
11.2%
-1.8%
Q1 24
9.5%
10.8%
EPS (diluted)
DOX
DOX
GHC
GHC
Q4 25
$24.76
Q3 25
$27.91
Q2 25
$8.35
Q1 25
$5.45
Q4 24
$124.05
Q3 24
$16.42
Q2 24
$1.21
$-4.79
Q1 24
$1.01
$27.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
GHC
GHC
Cash + ST InvestmentsLiquidity on hand
$267.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
Total Assets
$8.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
GHC
GHC
Q4 25
$267.0M
Q3 25
$190.8M
Q2 25
$176.2M
Q1 25
$156.7M
Q4 24
$260.9M
Q3 24
$244.4M
Q2 24
$140.7M
Q1 24
$130.9M
Stockholders' Equity
DOX
DOX
GHC
GHC
Q4 25
$4.8B
Q3 25
$4.5B
Q2 25
$4.4B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.0B
Q2 24
$4.0B
Q1 24
$4.0B
Total Assets
DOX
DOX
GHC
GHC
Q4 25
$8.4B
Q3 25
$7.9B
Q2 25
$7.6B
Q1 25
$7.6B
Q4 24
$7.7B
Q3 24
$7.4B
Q2 24
$7.2B
Q1 24
$7.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOX
DOX
GHC
GHC
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
DOX
DOX
GHC
GHC
Q4 25
$28.3M
Q3 25
$178.1M
Q2 25
$94.8M
Q1 25
$46.0M
Q4 24
$116.3M
Q3 24
$237.6M
Q2 24
$52.0M
Q1 24
$1.1M
Free Cash Flow
DOX
DOX
GHC
GHC
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
FCF Margin
DOX
DOX
GHC
GHC
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%
Capex Intensity
DOX
DOX
GHC
GHC
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%
Cash Conversion
DOX
DOX
GHC
GHC
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

DOX
DOX

Segment breakdown not available.

GHC
GHC

Products$602.7M48%
Kaplan International$251.9M20%
Manufacturing$117.8M9%
Television Broadcasting$110.5M9%
Higher Education$83.8M7%
Supplemental Education$74.9M6%
Related Party$4.4M0%

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