vs
Side-by-side financial comparison of Graham Holdings Co (GHC) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $792.0M, roughly 1.6× Magnera Corp). Graham Holdings Co runs the higher net margin — 8.7% vs -4.3%, a 13.0% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 0.4%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 4.2%).
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.
GHC vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $792.0M |
| Net Profit | $108.7M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 3.8% | 1.8% |
| Net Margin | 8.7% | -4.3% |
| Revenue YoY | 0.4% | 12.8% |
| Net Profit YoY | -80.2% | 43.3% |
| EPS (diluted) | $24.76 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | $839.0M | ||
| Q1 25 | $1.2B | $824.0M | ||
| Q4 24 | $1.2B | $702.0M | ||
| Q3 24 | $1.2B | $332.1M | ||
| Q2 24 | $1.2B | $556.0M | ||
| Q1 24 | $1.2B | $558.0M |
| Q4 25 | $108.7M | $-34.0M | ||
| Q3 25 | $122.9M | — | ||
| Q2 25 | $36.7M | $-18.0M | ||
| Q1 25 | $23.9M | $-41.0M | ||
| Q4 24 | $548.8M | $-60.0M | ||
| Q3 24 | $72.5M | $-15.2M | ||
| Q2 24 | $-21.0M | $19.0M | ||
| Q1 24 | $124.4M | $14.0M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | 3.8% | 1.8% | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 6.0% | 1.5% | ||
| Q1 25 | 4.1% | 0.5% | ||
| Q4 24 | 5.8% | -3.1% | ||
| Q3 24 | 6.8% | 0.9% | ||
| Q2 24 | 2.2% | 3.1% | ||
| Q1 24 | 3.1% | 3.8% |
| Q4 25 | 8.7% | -4.3% | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 3.0% | -2.1% | ||
| Q1 25 | 2.0% | -5.0% | ||
| Q4 24 | 44.1% | -8.5% | ||
| Q3 24 | 6.0% | -4.6% | ||
| Q2 24 | -1.8% | 3.4% | ||
| Q1 24 | 10.8% | 2.5% |
| Q4 25 | $24.76 | $-0.95 | ||
| Q3 25 | $27.91 | — | ||
| Q2 25 | $8.35 | $-0.51 | ||
| Q1 25 | $5.45 | $-1.15 | ||
| Q4 24 | $124.05 | $-1.69 | ||
| Q3 24 | $16.42 | $-0.33 | ||
| Q2 24 | $-4.79 | $0.60 | ||
| Q1 24 | $27.72 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $267.0M | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $4.8B | $1.0B |
| Total Assets | $8.4B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | $264.0M | ||
| Q3 25 | $190.8M | — | ||
| Q2 25 | $176.2M | $276.0M | ||
| Q1 25 | $156.7M | $282.0M | ||
| Q4 24 | $260.9M | $215.0M | ||
| Q3 24 | $244.4M | $230.0M | ||
| Q2 24 | $140.7M | $33.9M | ||
| Q1 24 | $130.9M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $4.8B | $1.0B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.4B | $1.1B | ||
| Q1 25 | $4.3B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.0B | $2.4B | ||
| Q1 24 | $4.0B | $2.4B |
| Q4 25 | $8.4B | $3.9B | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.6B | $4.1B | ||
| Q1 25 | $7.6B | $4.1B | ||
| Q4 24 | $7.7B | $4.0B | ||
| Q3 24 | $7.4B | $2.8B | ||
| Q2 24 | $7.2B | $1.5B | ||
| Q1 24 | $7.3B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $28.3M | $2.0M |
| Free Cash FlowOCF − Capex | $5.0M | $-13.0M |
| FCF MarginFCF / Revenue | 0.4% | -1.6% |
| Capex IntensityCapex / Revenue | 1.9% | 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 | $2.0M | ||
| Q3 25 | $178.1M | — | ||
| Q2 25 | $94.8M | $0 | ||
| Q1 25 | $46.0M | $65.0M | ||
| Q4 24 | $116.3M | $-58.0M | ||
| Q3 24 | $237.6M | $12.2M | ||
| Q2 24 | $52.0M | $38.0M | ||
| Q1 24 | $1.1M | $20.0M |
| Q4 25 | $5.0M | $-13.0M | ||
| Q3 25 | $161.8M | — | ||
| Q2 25 | $78.0M | — | ||
| Q1 25 | $30.5M | $42.0M | ||
| Q4 24 | $91.1M | $-74.0M | ||
| Q3 24 | $219.4M | $3.6M | ||
| Q2 24 | $33.7M | $23.0M | ||
| Q1 24 | $-20.2M | $12.5M |
| Q4 25 | 0.4% | -1.6% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 2.6% | 5.1% | ||
| Q4 24 | 7.3% | -10.5% | ||
| Q3 24 | 18.2% | 1.1% | ||
| Q2 24 | 2.8% | 4.1% | ||
| Q1 24 | -1.8% | 2.2% |
| Q4 25 | 1.9% | 1.9% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 1.3% | 2.8% | ||
| Q4 24 | 2.0% | 2.3% | ||
| Q3 24 | 1.5% | 2.6% | ||
| Q2 24 | 1.5% | 2.7% | ||
| Q1 24 | 1.8% | 1.3% |
| 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 | — | 2.00× | ||
| Q1 24 | 0.01× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
