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Side-by-side financial comparison of Graham Holdings Co (GHC) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.7× Graham Holdings Co). UGI CORP runs the higher net margin — 14.4% vs 8.7%, a 5.7% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs 0.4%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-155.0M). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
GHC vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.1B |
| Net Profit | $108.7M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 3.8% | 22.0% |
| Net Margin | 8.7% | 14.4% |
| Revenue YoY | 0.4% | 3.9% |
| Net Profit YoY | -80.2% | -20.8% |
| EPS (diluted) | $24.76 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | $108.7M | $297.0M | ||
| Q3 25 | $122.9M | $-13.0M | ||
| Q2 25 | $36.7M | $-163.0M | ||
| Q1 25 | $23.9M | $479.0M | ||
| Q4 24 | $548.8M | $375.0M | ||
| Q3 24 | $72.5M | $-273.0M | ||
| Q2 24 | $-21.0M | $-48.0M | ||
| Q1 24 | $124.4M | $496.0M |
| Q4 25 | 3.8% | 22.0% | ||
| Q3 25 | 5.2% | 1.1% | ||
| Q2 25 | 6.0% | -6.8% | ||
| Q1 25 | 4.1% | 26.6% | ||
| Q4 24 | 5.8% | 24.5% | ||
| Q3 24 | 6.8% | -20.4% | ||
| Q2 24 | 2.2% | 5.0% | ||
| Q1 24 | 3.1% | 29.7% |
| Q4 25 | 8.7% | 14.4% | ||
| Q3 25 | 9.6% | -1.1% | ||
| Q2 25 | 3.0% | -12.0% | ||
| Q1 25 | 2.0% | 18.2% | ||
| Q4 24 | 44.1% | 18.9% | ||
| Q3 24 | 6.0% | -22.6% | ||
| Q2 24 | -1.8% | -3.6% | ||
| Q1 24 | 10.8% | 20.6% |
| Q4 25 | $24.76 | $1.34 | ||
| Q3 25 | $27.91 | $-0.08 | ||
| Q2 25 | $8.35 | $-0.76 | ||
| Q1 25 | $5.45 | $2.19 | ||
| Q4 24 | $124.05 | $1.74 | ||
| Q3 24 | $16.42 | $-1.26 | ||
| Q2 24 | $-4.79 | $-0.23 | ||
| Q1 24 | $27.72 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $4.8B | $5.0B |
| Total Assets | $8.4B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $267.0M | $251.0M | ||
| Q3 25 | $190.8M | $335.0M | ||
| Q2 25 | $176.2M | $350.0M | ||
| Q1 25 | $156.7M | $426.0M | ||
| Q4 24 | $260.9M | $240.0M | ||
| Q3 24 | $244.4M | $213.0M | ||
| Q2 24 | $140.7M | $183.0M | ||
| Q1 24 | $130.9M | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $4.8B | $5.0B | ||
| Q3 25 | $4.5B | $4.8B | ||
| Q2 25 | $4.4B | $4.9B | ||
| Q1 25 | $4.3B | $5.0B | ||
| Q4 24 | $4.3B | $4.6B | ||
| Q3 24 | $4.0B | $4.3B | ||
| Q2 24 | $4.0B | $4.7B | ||
| Q1 24 | $4.0B | $4.8B |
| Q4 25 | $8.4B | $15.8B | ||
| Q3 25 | $7.9B | $15.5B | ||
| Q2 25 | $7.6B | $15.4B | ||
| Q1 25 | $7.6B | $15.7B | ||
| Q4 24 | $7.7B | $15.4B | ||
| Q3 24 | $7.4B | $15.1B | ||
| Q2 24 | $7.2B | $15.1B | ||
| Q1 24 | $7.3B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $5.0M | $-155.0M |
| FCF MarginFCF / Revenue | 0.4% | -7.5% |
| Capex IntensityCapex / Revenue | 1.9% | 10.7% |
| Cash ConversionOCF / Net Profit | 0.26× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $275.3M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.3M | $66.0M | ||
| Q3 25 | $178.1M | $90.0M | ||
| Q2 25 | $94.8M | $289.0M | ||
| Q1 25 | $46.0M | $684.0M | ||
| Q4 24 | $116.3M | $164.0M | ||
| Q3 24 | $237.6M | $151.0M | ||
| Q2 24 | $52.0M | $390.0M | ||
| Q1 24 | $1.1M | $522.0M |
| Q4 25 | $5.0M | $-155.0M | ||
| Q3 25 | $161.8M | $-168.0M | ||
| Q2 25 | $78.0M | $67.0M | ||
| Q1 25 | $30.5M | $538.0M | ||
| Q4 24 | $91.1M | $-47.0M | ||
| Q3 24 | $219.4M | $-115.0M | ||
| Q2 24 | $33.7M | $185.0M | ||
| Q1 24 | $-20.2M | $353.0M |
| Q4 25 | 0.4% | -7.5% | ||
| Q3 25 | 12.6% | -14.4% | ||
| Q2 25 | 6.4% | 4.9% | ||
| Q1 25 | 2.6% | 20.4% | ||
| Q4 24 | 7.3% | -2.4% | ||
| Q3 24 | 18.2% | -9.5% | ||
| Q2 24 | 2.8% | 13.7% | ||
| Q1 24 | -1.8% | 14.6% |
| Q4 25 | 1.9% | 10.7% | ||
| Q3 25 | 1.3% | 22.1% | ||
| Q2 25 | 1.4% | 16.3% | ||
| Q1 25 | 1.3% | 5.5% | ||
| Q4 24 | 2.0% | 10.6% | ||
| Q3 24 | 1.5% | 22.0% | ||
| Q2 24 | 1.5% | 15.2% | ||
| Q1 24 | 1.8% | 7.0% |
| Q4 25 | 0.26× | 0.22× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 2.58× | — | ||
| Q1 25 | 1.93× | 1.43× | ||
| Q4 24 | 0.21× | 0.44× | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.01× | 1.05× |
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% |
UGI
Segment breakdown not available.
