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Side-by-side financial comparison of Graham Holdings Co (GHC) and Alliant Energy (LNT). Click either name above to swap in a different company.

Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Alliant Energy). Alliant Energy runs the higher net margin — 13.4% vs 8.7%, a 4.7% gap on every dollar of revenue. On growth, Alliant Energy posted the faster year-over-year revenue change (9.0% vs 0.4%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs 1.5%).

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.

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

GHC vs LNT — Head-to-Head

Bigger by revenue
GHC
GHC
1.2× larger
GHC
$1.3B
$1.1B
LNT
Growing faster (revenue YoY)
LNT
LNT
+8.6% gap
LNT
9.0%
0.4%
GHC
Higher net margin
LNT
LNT
4.7% more per $
LNT
13.4%
8.7%
GHC
Faster 2-yr revenue CAGR
GHC
GHC
Annualised
GHC
4.2%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GHC
GHC
LNT
LNT
Revenue
$1.3B
$1.1B
Net Profit
$108.7M
$142.0M
Gross Margin
85.9%
Operating Margin
3.8%
18.4%
Net Margin
8.7%
13.4%
Revenue YoY
0.4%
9.0%
Net Profit YoY
-80.2%
-5.3%
EPS (diluted)
$24.76
$0.54

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
GHC
GHC
LNT
LNT
Q4 25
$1.3B
$1.1B
Q3 25
$1.3B
$1.2B
Q2 25
$1.2B
$961.0M
Q1 25
$1.2B
$1.1B
Q4 24
$1.2B
$975.0M
Q3 24
$1.2B
$1.1B
Q2 24
$1.2B
$894.0M
Q1 24
$1.2B
$1.0B
Net Profit
GHC
GHC
LNT
LNT
Q4 25
$108.7M
$142.0M
Q3 25
$122.9M
$281.0M
Q2 25
$36.7M
$174.0M
Q1 25
$23.9M
$213.0M
Q4 24
$548.8M
$150.0M
Q3 24
$72.5M
$295.0M
Q2 24
$-21.0M
$87.0M
Q1 24
$124.4M
$158.0M
Gross Margin
GHC
GHC
LNT
LNT
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
GHC
GHC
LNT
LNT
Q4 25
3.8%
18.4%
Q3 25
5.2%
28.8%
Q2 25
6.0%
23.2%
Q1 25
4.1%
22.8%
Q4 24
5.8%
22.7%
Q3 24
6.8%
29.0%
Q2 24
2.2%
14.5%
Q1 24
3.1%
21.5%
Net Margin
GHC
GHC
LNT
LNT
Q4 25
8.7%
13.4%
Q3 25
9.6%
23.2%
Q2 25
3.0%
18.1%
Q1 25
2.0%
18.9%
Q4 24
44.1%
15.4%
Q3 24
6.0%
27.3%
Q2 24
-1.8%
9.7%
Q1 24
10.8%
15.3%
EPS (diluted)
GHC
GHC
LNT
LNT
Q4 25
$24.76
$0.54
Q3 25
$27.91
$1.09
Q2 25
$8.35
$0.68
Q1 25
$5.45
$0.83
Q4 24
$124.05
$0.58
Q3 24
$16.42
$1.15
Q2 24
$-4.79
$0.34
Q1 24
$27.72
$0.62

Balance Sheet & Financial Strength

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

Metric
GHC
GHC
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$267.0M
$556.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.8B
$7.3B
Total Assets
$8.4B
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHC
GHC
LNT
LNT
Q4 25
$267.0M
$556.0M
Q3 25
$190.8M
$753.0M
Q2 25
$176.2M
$329.0M
Q1 25
$156.7M
$25.0M
Q4 24
$260.9M
$81.0M
Q3 24
$244.4M
$827.0M
Q2 24
$140.7M
$92.0M
Q1 24
$130.9M
$32.0M
Stockholders' Equity
GHC
GHC
LNT
LNT
Q4 25
$4.8B
$7.3B
Q3 25
$4.5B
$7.3B
Q2 25
$4.4B
$7.1B
Q1 25
$4.3B
$7.1B
Q4 24
$4.3B
$7.0B
Q3 24
$4.0B
$7.0B
Q2 24
$4.0B
$6.8B
Q1 24
$4.0B
$6.8B
Total Assets
GHC
GHC
LNT
LNT
Q4 25
$8.4B
$25.0B
Q3 25
$7.9B
$24.6B
Q2 25
$7.6B
$23.8B
Q1 25
$7.6B
$22.9B
Q4 24
$7.7B
$22.7B
Q3 24
$7.4B
$22.8B
Q2 24
$7.2B
$21.8B
Q1 24
$7.3B
$21.2B

Cash Flow & Capital Efficiency

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

Metric
GHC
GHC
LNT
LNT
Operating Cash FlowLast quarter
$28.3M
$269.0M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
0.26×
1.89×
TTM Free Cash FlowTrailing 4 quarters
$275.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHC
GHC
LNT
LNT
Q4 25
$28.3M
$269.0M
Q3 25
$178.1M
$408.0M
Q2 25
$94.8M
$243.0M
Q1 25
$46.0M
$249.0M
Q4 24
$116.3M
$254.0M
Q3 24
$237.6M
$351.0M
Q2 24
$52.0M
$255.0M
Q1 24
$1.1M
$307.0M
Free Cash Flow
GHC
GHC
LNT
LNT
Q4 25
$5.0M
Q3 25
$161.8M
$-103.0M
Q2 25
$78.0M
$-179.0M
Q1 25
$30.5M
$-305.0M
Q4 24
$91.1M
Q3 24
$219.4M
$-59.0M
Q2 24
$33.7M
$-137.0M
Q1 24
$-20.2M
$-171.0M
FCF Margin
GHC
GHC
LNT
LNT
Q4 25
0.4%
Q3 25
12.6%
-8.5%
Q2 25
6.4%
-18.6%
Q1 25
2.6%
-27.0%
Q4 24
7.3%
Q3 24
18.2%
-5.5%
Q2 24
2.8%
-15.3%
Q1 24
-1.8%
-16.6%
Capex Intensity
GHC
GHC
LNT
LNT
Q4 25
1.9%
Q3 25
1.3%
42.2%
Q2 25
1.4%
43.9%
Q1 25
1.3%
49.1%
Q4 24
2.0%
Q3 24
1.5%
37.9%
Q2 24
1.5%
43.8%
Q1 24
1.8%
46.4%
Cash Conversion
GHC
GHC
LNT
LNT
Q4 25
0.26×
1.89×
Q3 25
1.45×
1.45×
Q2 25
2.58×
1.40×
Q1 25
1.93×
1.17×
Q4 24
0.21×
1.69×
Q3 24
3.28×
1.19×
Q2 24
2.93×
Q1 24
0.01×
1.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

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%

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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