Graham Holdings Co (GHC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	205,288	67,079	352,075	300,365	327,855
Revenue	US$ in thousands	4,394,680	3,881,520	3,193,800	3,072,330	2,932,100
Net profit margin		4.67%	1.73%	11.02%	9.78%	11.18%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $205,288K ÷ $4,394,680K
= 4.67%

The net profit margin of Graham Holdings Co. has shown fluctuations over the past five years. The company's net profit margin was 4.62% in 2023, a significant increase from the previous year's 1.70%. However, this is lower compared to 2021 when the net profit margin was 10.98%. The company was able to maintain a relatively stable net profit margin in 2020 and 2019 at 10.34% and 11.12%, respectively.

These variations in net profit margin may indicate changes in the company's profitability and efficiency in generating profits from its operations over the years. Further analysis of the company's financial performance and operations would be necessary to understand the factors contributing to these fluctuations and to evaluate the overall financial health of Graham Holdings Co.