vs
Side-by-side financial comparison of Graham Holdings Co (GHC) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $853.7M, roughly 1.5× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 8.7%, a 14.4% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 0.4%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% 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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
GHC vs PRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $853.7M |
| Net Profit | $108.7M | $197.0M |
| Gross Margin | — | — |
| Operating Margin | 3.8% | 28.9% |
| Net Margin | 8.7% | 23.1% |
| Revenue YoY | 0.4% | 11.0% |
| Net Profit YoY | -80.2% | 17.9% |
| EPS (diluted) | $24.76 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $1.3B | $839.9M | ||
| Q2 25 | $1.2B | $793.3M | ||
| Q1 25 | $1.2B | $804.8M | ||
| Q4 24 | $1.2B | $768.8M | ||
| Q3 24 | $1.2B | $774.1M | ||
| Q2 24 | $1.2B | $803.4M | ||
| Q1 24 | $1.2B | $742.8M |
| Q4 25 | $108.7M | $197.0M | ||
| Q3 25 | $122.9M | $206.8M | ||
| Q2 25 | $36.7M | $178.3M | ||
| Q1 25 | $23.9M | $169.1M | ||
| Q4 24 | $548.8M | $167.1M | ||
| Q3 24 | $72.5M | $164.4M | ||
| Q2 24 | $-21.0M | $1.2M | ||
| Q1 24 | $124.4M | $137.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | — | 98.2% |
| Q4 25 | 3.8% | 28.9% | ||
| Q3 25 | 5.2% | 32.3% | ||
| Q2 25 | 6.0% | 29.6% | ||
| Q1 25 | 4.1% | 27.5% | ||
| Q4 24 | 5.8% | 64.7% | ||
| Q3 24 | 6.8% | 32.9% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 3.1% | 24.1% |
| Q4 25 | 8.7% | 23.1% | ||
| Q3 25 | 9.6% | 24.6% | ||
| Q2 25 | 3.0% | 22.5% | ||
| Q1 25 | 2.0% | 21.0% | ||
| Q4 24 | 44.1% | 21.7% | ||
| Q3 24 | 6.0% | 21.2% | ||
| Q2 24 | -1.8% | 0.1% | ||
| Q1 24 | 10.8% | 18.6% |
| Q4 25 | $24.76 | $6.11 | ||
| Q3 25 | $27.91 | $6.35 | ||
| Q2 25 | $8.35 | $5.40 | ||
| Q1 25 | $5.45 | $5.05 | ||
| Q4 24 | $124.05 | $4.92 | ||
| Q3 24 | $16.42 | $4.83 | ||
| Q2 24 | $-4.79 | $0.03 | ||
| Q1 24 | $27.72 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.8B | $2.4B |
| Total Assets | $8.4B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | $756.2M | ||
| Q3 25 | $190.8M | $644.9M | ||
| Q2 25 | $176.2M | $621.2M | ||
| Q1 25 | $156.7M | $625.1M | ||
| Q4 24 | $260.9M | $687.8M | ||
| Q3 24 | $244.4M | $550.1M | ||
| Q2 24 | $140.7M | $627.3M | ||
| Q1 24 | $130.9M | $593.4M |
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.5B | $2.3B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.3B | $2.3B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.0B | $2.1B | ||
| Q1 24 | $4.0B | $2.2B |
| Q4 25 | $8.4B | $15.0B | ||
| Q3 25 | $7.9B | $14.8B | ||
| Q2 25 | $7.6B | $14.8B | ||
| Q1 25 | $7.6B | $14.6B | ||
| Q4 24 | $7.7B | $14.6B | ||
| Q3 24 | $7.4B | $14.8B | ||
| Q2 24 | $7.2B | $14.6B | ||
| Q1 24 | $7.3B | $14.9B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | $5.0M | — |
| FCF MarginFCF / Revenue | 0.4% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | 0.26× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $275.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.3M | $338.2M | ||
| Q3 25 | $178.1M | $202.9M | ||
| Q2 25 | $94.8M | $162.6M | ||
| Q1 25 | $46.0M | $197.5M | ||
| Q4 24 | $116.3M | $270.6M | ||
| Q3 24 | $237.6M | $207.3M | ||
| Q2 24 | $52.0M | $173.3M | ||
| Q1 24 | $1.1M | $210.9M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.26× | 1.72× | ||
| Q3 25 | 1.45× | 0.98× | ||
| Q2 25 | 2.58× | 0.91× | ||
| Q1 25 | 1.93× | 1.17× | ||
| Q4 24 | 0.21× | 1.62× | ||
| Q3 24 | 3.28× | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | 0.01× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
