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Side-by-side financial comparison of Graham Holdings Co (GHC) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs 4.5%, a 4.2% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs 0.4%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% 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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
GHC vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.4B |
| Net Profit | $108.7M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 3.8% | 6.9% |
| Net Margin | 8.7% | 4.5% |
| Revenue YoY | 0.4% | 5.0% |
| Net Profit YoY | -80.2% | -14.7% |
| EPS (diluted) | $24.76 | $0.35 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $108.7M | $20.2M | ||
| Q3 25 | $122.9M | $28.8M | ||
| Q2 25 | $36.7M | $40.6M | ||
| Q1 25 | $23.9M | $56.7M | ||
| Q4 24 | $548.8M | $-16.1M | ||
| Q3 24 | $72.5M | $55.6M | ||
| Q2 24 | $-21.0M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 3.8% | 4.6% | ||
| Q3 25 | 5.2% | 5.4% | ||
| Q2 25 | 6.0% | 6.5% | ||
| Q1 25 | 4.1% | 8.3% | ||
| Q4 24 | 5.8% | 1.6% | ||
| Q3 24 | 6.8% | 4.3% | ||
| Q2 24 | 2.2% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 8.7% | 1.4% | ||
| Q3 25 | 9.6% | 2.1% | ||
| Q2 25 | 3.0% | 3.0% | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 44.1% | -1.2% | ||
| Q3 24 | 6.0% | 4.4% | ||
| Q2 24 | -1.8% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $24.76 | $0.17 | ||
| Q3 25 | $27.91 | $0.23 | ||
| Q2 25 | $8.35 | $0.32 | ||
| Q1 25 | $5.45 | $0.44 | ||
| Q4 24 | $124.05 | $-0.12 | ||
| Q3 24 | $16.42 | $0.43 | ||
| Q2 24 | $-4.79 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $4.8B | $2.1B |
| Total Assets | $8.4B | $6.0B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $267.0M | $26.5M | ||
| Q3 25 | $190.8M | $60.1M | ||
| Q2 25 | $176.2M | $52.3M | ||
| Q1 25 | $156.7M | $53.2M | ||
| Q4 24 | $260.9M | $59.7M | ||
| Q3 24 | $244.4M | $191.5M | ||
| Q2 24 | $140.7M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.8B | $1.7B | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.0B | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $8.4B | $5.9B | ||
| Q3 25 | $7.9B | $5.7B | ||
| Q2 25 | $7.6B | $5.7B | ||
| Q1 25 | $7.6B | $5.7B | ||
| Q4 24 | $7.7B | $5.6B | ||
| Q3 24 | $7.4B | $8.0B | ||
| Q2 24 | $7.2B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $28.3M | $64.3M | ||
| Q3 25 | $178.1M | $175.3M | ||
| Q2 25 | $94.8M | $110.3M | ||
| Q1 25 | $46.0M | $-3.5M | ||
| Q4 24 | $116.3M | $125.4M | ||
| Q3 24 | $237.6M | $181.0M | ||
| Q2 24 | $52.0M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $5.0M | $5.2M | ||
| Q3 25 | $161.8M | $122.2M | ||
| Q2 25 | $78.0M | $45.6M | ||
| Q1 25 | $30.5M | $-55.8M | ||
| Q4 24 | $91.1M | $62.0M | ||
| Q3 24 | $219.4M | $130.3M | ||
| Q2 24 | $33.7M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 12.6% | 9.0% | ||
| Q2 25 | 6.4% | 3.4% | ||
| Q1 25 | 2.6% | -4.1% | ||
| Q4 24 | 7.3% | 4.7% | ||
| Q3 24 | 18.2% | 10.2% | ||
| Q2 24 | 2.8% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 4.2% | ||
| Q3 25 | 1.3% | 3.9% | ||
| Q2 25 | 1.4% | 4.8% | ||
| Q1 25 | 1.3% | 3.9% | ||
| Q4 24 | 2.0% | 4.8% | ||
| Q3 24 | 1.5% | 4.0% | ||
| Q2 24 | 1.5% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 3.19× | ||
| Q3 25 | 1.45× | 6.09× | ||
| Q2 25 | 2.58× | 2.72× | ||
| Q1 25 | 1.93× | -0.06× | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 3.28× | 3.25× | ||
| Q2 24 | — | 3.59× |
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% |
SEM
Segment breakdown not available.
