Graham Holdings Co (GHC)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	724,583	229,051	133,517	277,396	205,288	158,189	213,807	23,488	66,224	144,291	151,023	333,146	349,836	502,750	540,606	444,763	299,820	208,560	174,289	212,296
Revenue (ttm)	US$ in thousands	4,790,900	4,711,910	4,616,270	4,535,990	4,414,880	4,312,100	4,213,020	4,041,322	3,924,493	3,723,394	3,520,390	3,388,240	3,185,974	3,110,054	3,017,600	2,869,319	2,889,121	2,865,588	2,887,426	2,972,157
Net profit margin		15.12%	4.86%	2.89%	6.12%	4.65%	3.67%	5.07%	0.58%	1.69%	3.88%	4.29%	9.83%	10.98%	16.17%	17.92%	15.50%	10.38%	7.28%	6.04%	7.14%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $724,583K ÷ $4,790,900K
= 15.12%

Net profit margin is an important profitability ratio that reflects the percentage of revenue that translates into profit after all expenses have been deducted. Analyzing Graham Holdings Co's net profit margin over the reported period shows fluctuations in profitability levels. The trend indicates that the company experienced a significant increase in net profit margin, starting from a low of 4.29% in June 2022 to a peak of 17.92% in June 2021. However, the margin declined in subsequent quarters, hitting the lowest point of 0.58% in March 2023 before recovering to 15.12% in December 2024. The oscillation in net profit margin may reflect changes in the company's cost structure, revenue streams, or operational efficiency. Further in-depth analysis is needed to identify the specific factors driving these fluctuations and assess the long-term sustainability of profitability levels.