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Side-by-side financial comparison of Graham Holdings Co (GHC) and Nerdy Inc. (NRDY). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $49.1M, roughly 25.5× Nerdy Inc.). Graham Holdings Co runs the higher net margin — 8.7% vs -18.8%, a 27.5% gap on every dollar of revenue. On growth, Nerdy Inc. posted the faster year-over-year revenue change (2.3% vs 0.4%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-4.3M). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs -4.4%).
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.
Nerdy Inc. is a leading U.S.-based edtech firm best known for operating the Varsity Tutors platform, offering live one-on-one tutoring, on-demand courses, test prep resources, and skill-building content. It serves K-12 students, higher ed learners, and working professionals across hundreds of academic and professional subject areas.
GHC vs NRDY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $49.1M |
| Net Profit | $108.7M | $-9.2M |
| Gross Margin | — | 51.0% |
| Operating Margin | 3.8% | -28.3% |
| Net Margin | 8.7% | -18.8% |
| Revenue YoY | 0.4% | 2.3% |
| Net Profit YoY | -80.2% | 8.9% |
| EPS (diluted) | $24.76 | $-0.07 |
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 | $49.1M | ||
| Q3 25 | $1.3B | $37.0M | ||
| Q2 25 | $1.2B | $45.3M | ||
| Q1 25 | $1.2B | $47.6M | ||
| Q4 24 | $1.2B | $48.0M | ||
| Q3 24 | $1.2B | $37.5M | ||
| Q2 24 | $1.2B | $51.0M | ||
| Q1 24 | $1.2B | $53.7M |
| Q4 25 | $108.7M | $-9.2M | ||
| Q3 25 | $122.9M | $-12.3M | ||
| Q2 25 | $36.7M | $-7.9M | ||
| Q1 25 | $23.9M | $-10.5M | ||
| Q4 24 | $548.8M | $-10.1M | ||
| Q3 24 | $72.5M | $-15.9M | ||
| Q2 24 | $-21.0M | $-9.1M | ||
| Q1 24 | $124.4M | $-7.4M |
| Q4 25 | — | 51.0% | ||
| Q3 25 | — | 62.9% | ||
| Q2 25 | — | 61.5% | ||
| Q1 25 | — | 58.0% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | 70.5% | ||
| Q2 24 | — | 65.7% | ||
| Q1 24 | — | 68.0% |
| Q4 25 | 3.8% | -28.3% | ||
| Q3 25 | 5.2% | -51.5% | ||
| Q2 25 | 6.0% | -27.1% | ||
| Q1 25 | 4.1% | -34.8% | ||
| Q4 24 | 5.8% | -34.0% | ||
| Q3 24 | 6.8% | -68.5% | ||
| Q2 24 | 2.2% | -29.9% | ||
| Q1 24 | 3.1% | -23.9% |
| Q4 25 | 8.7% | -18.8% | ||
| Q3 25 | 9.6% | -33.2% | ||
| Q2 25 | 3.0% | -17.4% | ||
| Q1 25 | 2.0% | -22.1% | ||
| Q4 24 | 44.1% | -21.1% | ||
| Q3 24 | 6.0% | -42.4% | ||
| Q2 24 | -1.8% | -17.8% | ||
| Q1 24 | 10.8% | -13.9% |
| Q4 25 | $24.76 | $-0.07 | ||
| Q3 25 | $27.91 | $-0.10 | ||
| Q2 25 | $8.35 | $-0.07 | ||
| Q1 25 | $5.45 | $-0.09 | ||
| Q4 24 | $124.05 | $-0.09 | ||
| Q3 24 | $16.42 | $-0.14 | ||
| Q2 24 | $-4.79 | $-0.08 | ||
| Q1 24 | $27.72 | $-0.07 |
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 | $47.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.8B | $19.0M |
| Total Assets | $8.4B | $76.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | $47.9M | ||
| Q3 25 | $190.8M | $32.7M | ||
| Q2 25 | $176.2M | $36.7M | ||
| Q1 25 | $156.7M | $44.9M | ||
| Q4 24 | $260.9M | $52.5M | ||
| Q3 24 | $244.4M | $65.0M | ||
| Q2 24 | $140.7M | $69.8M | ||
| Q1 24 | $130.9M | $77.0M |
| Q4 25 | $4.8B | $19.0M | ||
| Q3 25 | $4.5B | $24.3M | ||
| Q2 25 | $4.4B | $31.8M | ||
| Q1 25 | $4.3B | $34.4M | ||
| Q4 24 | $4.3B | $39.5M | ||
| Q3 24 | $4.0B | $43.3M | ||
| Q2 24 | $4.0B | $52.2M | ||
| Q1 24 | $4.0B | $52.8M |
| Q4 25 | $8.4B | $76.2M | ||
| Q3 25 | $7.9B | $70.4M | ||
| Q2 25 | $7.6B | $73.7M | ||
| Q1 25 | $7.6B | $83.0M | ||
| Q4 24 | $7.7B | $92.5M | ||
| Q3 24 | $7.4B | $106.8M | ||
| Q2 24 | $7.2B | $111.3M | ||
| Q1 24 | $7.3B | $121.3M |
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 | $-2.9M |
| Free Cash FlowOCF − Capex | $5.0M | $-4.3M |
| FCF MarginFCF / Revenue | 0.4% | -8.7% |
| Capex IntensityCapex / Revenue | 1.9% | 2.7% |
| Cash ConversionOCF / Net Profit | 0.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.3M | $-24.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.3M | $-2.9M | ||
| Q3 25 | $178.1M | $-2.4M | ||
| Q2 25 | $94.8M | $-7.0M | ||
| Q1 25 | $46.0M | $-6.4M | ||
| Q4 24 | $116.3M | $-11.3M | ||
| Q3 24 | $237.6M | $-3.1M | ||
| Q2 24 | $52.0M | $-5.6M | ||
| Q1 24 | $1.1M | $4.4M |
| Q4 25 | $5.0M | $-4.3M | ||
| Q3 25 | $161.8M | $-4.1M | ||
| Q2 25 | $78.0M | $-8.2M | ||
| Q1 25 | $30.5M | $-7.6M | ||
| Q4 24 | $91.1M | $-12.5M | ||
| Q3 24 | $219.4M | $-5.0M | ||
| Q2 24 | $33.7M | $-7.1M | ||
| Q1 24 | $-20.2M | $2.1M |
| Q4 25 | 0.4% | -8.7% | ||
| Q3 25 | 12.6% | -11.2% | ||
| Q2 25 | 6.4% | -18.1% | ||
| Q1 25 | 2.6% | -16.0% | ||
| Q4 24 | 7.3% | -26.0% | ||
| Q3 24 | 18.2% | -13.3% | ||
| Q2 24 | 2.8% | -14.0% | ||
| Q1 24 | -1.8% | 4.0% |
| Q4 25 | 1.9% | 2.7% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.4% | 2.6% | ||
| Q1 25 | 1.3% | 2.5% | ||
| Q4 24 | 2.0% | 2.4% | ||
| Q3 24 | 1.5% | 5.2% | ||
| Q2 24 | 1.5% | 3.0% | ||
| Q1 24 | 1.8% | 4.1% |
| 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
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% |
NRDY
Segment breakdown not available.
