Graham Holdings vs TAL Education
Graham Holdings is the larger business, with $4.91bn of revenue in fiscal 2025 against $3.01bn for TAL Education (1.6 times as much). TAL Education grew faster (33.7% against 2.5%). TAL Education kept more of each dollar of sales as profit: a net margin of 17.6% against 6.0%.
| Latest fiscal year | Graham HoldingsGHC, 2025 | TAL EducationTAL, 2026 |
|---|---|---|
| Revenue | $4.91bn | $3.01bn |
| Revenue growth | 2.5% | 33.7% |
| Net income | $292m | $531m |
| Operating margin | — | 9.2% |
| Net margin | 6.0% | 17.6% |
| Return on equity | 6.5% | 14.1% |
| Free cash flow | $275m | $508m |
| Cash | $267m | $1.52bn |
| Total debt | $881m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $7.20 | — |
| Dividend yield | 0.6% | — |
| Share buybacks | $3.5m | $644m |
| Employees | 19,920 | — |
| Market value | $5.08bn | $5.79bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 46 (Moderate) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |