CluenexGraham Holdings GHC
Graham Holdings scores average on business quality (4.5 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Graham Holdings does
Graham Holdings makes money through diversified operations spanning education, television broadcasting, and manufacturing. Students, viewers, and industrial clients pay for its varied services.
- What it does best
Graham scales niche educational and manufacturing assets with a debt-to-equity ratio of 0.2, maintaining a conservative balance sheet that protects it during downturns.
- The main risk
Break-up speculation drives the current narrative, but if activist pressure or management plans fail to materialize, the conglomerate discount may persist and weigh on returns.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 5.7% with a net margin of 10.6%, showing compressed profitability as costs outpace top-line gains. Scale does not yield immediate margin expansion here.
The company relies on diversified brand assets across education and media, but its bottom-quartile operating margin rank of 20th percentile limits its economic moat depth.
Revenue grew 2.5% to $5.0B, reflecting a slower pace compared to historical double-digit bounces, with revenue growth sitting in the 35th sector percentile.
With $1.4B in cash and net debt at -$449M, the balance sheet provides a strong buffer. Free cash flow came in at $248M, getting softer compared to prior years.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on GHC
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Graham Holdings scores average on the Cluenex quality check (4.5 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 4, 2026.
See GHC today
- Today's verdict on GHC, and why
- Fair value with cautious, base and optimistic cases
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- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Graham Holdings (GHC)”, https://cluenex.com/stocks/ghc/, data as of Oct 10, 2026.