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Graham Holdings Co（GHC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Graham Holdings Co的季度营收约是Reddit, Inc.的1.9倍（$1.3B vs $663.0M），Reddit, Inc.净利率更高（30.8% vs 8.7%，领先22.1%），Reddit, Inc.同比增速更快（69.0% vs 0.4%），Reddit, Inc.自由现金流更多（$311.0M vs $5.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 4.2%）
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
GHC vs RDDT — 直观对比
营收规模更大
GHC
是对方的1.9倍
$663.0M
营收增速更快
RDDT
高出68.6%
0.4%
净利率更高
RDDT
高出22.1%
8.7%
自由现金流更多
RDDT
多$306.0M
$5.0M
两年增速更快
RDDT
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $663.0M |
| 净利润 | $108.7M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | 3.8% | 0.0% |
| 净利率 | 8.7% | 30.8% |
| 营收同比 | 0.4% | 69.0% |
| 净利润同比 | -80.2% | 680.0% |
| 每股收益（稀释后） | $24.76 | $1.01 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GHCRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $1.3B | $725.6M | ||
| Q3 25 | $1.3B | $584.9M | ||
| Q2 25 | $1.2B | $499.6M | ||
| Q1 25 | $1.2B | $392.4M | ||
| Q4 24 | $1.2B | $427.7M | ||
| Q3 24 | $1.2B | $348.4M | ||
| Q2 24 | $1.2B | $281.2M |
净利润GHCRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $108.7M | $251.6M | ||
| Q3 25 | $122.9M | $162.7M | ||
| Q2 25 | $36.7M | $89.3M | ||
| Q1 25 | $23.9M | $26.2M | ||
| Q4 24 | $548.8M | $71.0M | ||
| Q3 24 | $72.5M | $29.9M | ||
| Q2 24 | $-21.0M | $-10.1M |
毛利率GHCRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | — | 90.1% | ||
| Q2 24 | — | 89.5% |
营业利润率GHCRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 3.8% | 31.9% | ||
| Q3 25 | 5.2% | 23.7% | ||
| Q2 25 | 6.0% | 13.6% | ||
| Q1 25 | 4.1% | 1.0% | ||
| Q4 24 | 5.8% | 12.4% | ||
| Q3 24 | 6.8% | 2.0% | ||
| Q2 24 | 2.2% | -11.0% |
净利率GHCRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 8.7% | 34.7% | ||
| Q3 25 | 9.6% | 27.8% | ||
| Q2 25 | 3.0% | 17.9% | ||
| Q1 25 | 2.0% | 6.7% | ||
| Q4 24 | 44.1% | 16.6% | ||
| Q3 24 | 6.0% | 8.6% | ||
| Q2 24 | -1.8% | -3.6% |
每股收益（稀释后）GHCRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $24.76 | $1.24 | ||
| Q3 25 | $27.91 | $0.80 | ||
| Q2 25 | $8.35 | $0.45 | ||
| Q1 25 | $5.45 | $0.13 | ||
| Q4 24 | $124.05 | $4.76 | ||
| Q3 24 | $16.42 | $0.16 | ||
| Q2 24 | $-4.79 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $267.0M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $3.2B |
| 总资产 | $8.4B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GHCRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $267.0M | $953.6M | ||
| Q3 25 | $190.8M | $911.7M | ||
| Q2 25 | $176.2M | $734.1M | ||
| Q1 25 | $156.7M | $635.7M | ||
| Q4 24 | $260.9M | $562.1M | ||
| Q3 24 | $244.4M | $515.9M | ||
| Q2 24 | $140.7M | $468.0M |
股东权益GHCRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.5B | $2.6B | ||
| Q2 25 | $4.4B | $2.4B | ||
| Q1 25 | $4.3B | $2.2B | ||
| Q4 24 | $4.3B | $2.1B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $4.0B | $1.9B |
总资产GHCRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $8.4B | $3.2B | ||
| Q3 25 | $7.9B | $2.9B | ||
| Q2 25 | $7.6B | $2.6B | ||
| Q1 25 | $7.6B | $2.4B | ||
| Q4 24 | $7.7B | $2.3B | ||
| Q3 24 | $7.4B | $2.2B | ||
| Q2 24 | $7.2B | $2.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $28.3M | — |
| 自由现金流经营现金流 - 资本支出 | $5.0M | $311.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 46.9% |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $275.3M | $868.6M |
8季度趋势，按日历期对齐
经营现金流GHCRDDT
| Q1 26 | — | — | ||
| Q4 25 | $28.3M | $266.8M | ||
| Q3 25 | $178.1M | $185.2M | ||
| Q2 25 | $94.8M | $111.3M | ||
| Q1 25 | $46.0M | $127.6M | ||
| Q4 24 | $116.3M | $90.0M | ||
| Q3 24 | $237.6M | $71.6M | ||
| Q2 24 | $52.0M | $28.4M |
自由现金流GHCRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $5.0M | $263.6M | ||
| Q3 25 | $161.8M | $183.1M | ||
| Q2 25 | $78.0M | $110.8M | ||
| Q1 25 | $30.5M | $126.6M | ||
| Q4 24 | $91.1M | $89.2M | ||
| Q3 24 | $219.4M | $70.3M | ||
| Q2 24 | $33.7M | $27.2M |
自由现金流率GHCRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 0.4% | 36.3% | ||
| Q3 25 | 12.6% | 31.3% | ||
| Q2 25 | 6.4% | 22.2% | ||
| Q1 25 | 2.6% | 32.3% | ||
| Q4 24 | 7.3% | 20.8% | ||
| Q3 24 | 18.2% | 20.2% | ||
| Q2 24 | 2.8% | 9.7% |
资本支出强度GHCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 1.3% | 0.4% | ||
| Q2 25 | 1.4% | 0.1% | ||
| Q1 25 | 1.3% | 0.2% | ||
| Q4 24 | 2.0% | 0.2% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.5% | 0.4% |
现金转化率GHCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 1.06× | ||
| Q3 25 | 1.45× | 1.14× | ||
| Q2 25 | 2.58× | 1.25× | ||
| Q1 25 | 1.93× | 4.88× | ||
| Q4 24 | 0.21× | 1.27× | ||
| Q3 24 | 3.28× | 2.40× | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
RDDT
暂无分部数据
