Graham Holdings Co (GHC) — Cash Flow Reinvestment Rate
Graham Holdings Co (GHC) has a Cash Flow Reinvestment Rate of 0.67x as of June 2026, reinvesting $35.06 Million (capex $20.06 Million plus investments $-15.00 Million) from operating cash flow of $52.68 Million. See GHC cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Graham Holdings Co Cash Flow Reinvestment Rate (1985–2025)
Historical reinvestment intensity for Graham Holdings Co across 40 annual periods. For the full cash flow conversion analysis, see GHC cash flow conversion.
Annual Cash Flow Reinvestment Rate for Graham Holdings Co (1985–2025)
Year-by-year capital reinvestment analysis for Graham Holdings Co. See GHC free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.30x | $101.70 Million | $339.54 Million | $71.88 Million | ▼ -16.1% |
| 2024 | 0.36x | $145.24 Million | $406.99 Million | $82.91 Million | ▼ -58.8% |
| 2023 | 0.87x | $225.30 Million | $259.88 Million | $93.45 Million | ▲ +41.6% |
| 2022 | 0.61x | $144.21 Million | $235.60 Million | $82.68 Million | ▼ -31.2% |
| 2021 | 0.89x | $180.00 Million | $202.43 Million | $162.54 Million | ▲ +30.2% |
| 2020 | 0.68x | $143.87 Million | $210.66 Million | $69.59 Million | ▲ +6.2% |
| 2019 | 0.64x | $106.23 Million | $165.16 Million | $93.50 Million | ▲ +45.3% |
| 2018 | 0.44x | $127.07 Million | $287.02 Million | $98.19 Million | ▲ +90.2% |
| 2017 | 0.23x | $62.40 Million | $268.06 Million | $60.36 Million | ▼ -52.9% |
| 2016 | 0.49x | $129.16 Million | $261.26 Million | $66.61 Million | ▼ -88.0% |
| 2015 | 4.12x | $308.01 Million | $74.80 Million | $136.86 Million | ▲ +363.5% |
| 2014 | 0.89x | $330.77 Million | $372.37 Million | $237.29 Million | ▲ +15.5% |
| 2013 | 0.77x | $252.17 Million | $327.86 Million | $224.09 Million | ▲ +38.0% |
| 2012 | 0.56x | $266.03 Million | $477.21 Million | $218.00 Million | ▲ +1.3% |
| 2011 | 0.55x | $216.38 Million | $393.29 Million | $216.38 Million | ▲ +50.6% |
| 2010 | 0.37x | $253.36 Million | $693.72 Million | $243.71 Million | ▼ -7.5% |
| 2009 | 0.39x | $257.76 Million | $652.99 Million | $257.76 Million | ▼ -26.8% |
| 2008 | 0.54x | $288.92 Million | $535.77 Million | $288.92 Million | ▲ +8.1% |
| 2007 | 0.50x | $290.01 Million | $581.19 Million | $290.01 Million | ▲ +4.5% |
| 2006 | 0.48x | $284.02 Million | $594.75 Million | $284.02 Million | ▲ +4.7% |
| 2005 | 0.46x | $238.35 Million | $522.77 Million | $238.35 Million | ▲ +25.2% |
| 2004 | 0.36x | $204.63 Million | $561.72 Million | $204.63 Million | ▼ -2.0% |
| 2003 | 0.37x | $125.59 Million | $337.71 Million | $125.59 Million | ▲ +20.9% |
| 2002 | 0.31x | $152.99 Million | $497.47 Million | $152.99 Million | ▼ -52.2% |
| 2001 | 0.64x | $224.23 Million | $348.83 Million | $224.23 Million | ▲ +37.4% |
| 2000 | 0.47x | $172.38 Million | $368.54 Million | $172.38 Million | ▲ +1.8% |
| 1999 | 0.46x | $130.00 Million | $283.00 Million | $130.00 Million | ▼ -58.0% |
| 1998 | 1.09x | $244.20 Million | $223.10 Million | $244.20 Million | ▲ +63.3% |
| 1997 | 0.67x | $214.60 Million | $320.10 Million | $214.60 Million | ▲ +140.8% |
| 1996 | 0.28x | $80.00 Million | $287.40 Million | $80.00 Million | ▼ -43.6% |
| 1995 | 0.49x | $121.70 Million | $246.50 Million | $121.70 Million | ▲ +49.1% |
| 1994 | 0.33x | $74.60 Million | $225.30 Million | $74.60 Million | ▼ -15.2% |
| 1993 | 0.39x | $79.10 Million | $202.60 Million | $79.10 Million | ▲ +60.5% |
| 1992 | 0.24x | $58.90 Million | $242.20 Million | $58.90 Million | ▲ +0.4% |
| 1991 | 0.24x | $55.70 Million | $229.90 Million | $55.70 Million | ▼ -13.6% |
| 1990 | 0.28x | $73.20 Million | $260.90 Million | $73.20 Million | ▲ +4.6% |
| 1989 | 0.27x | $80.70 Million | $301.00 Million | $80.70 Million | — |
| 1988 | 0.00x | $0.00 | $269.10 Million | $0.00 | — |
| 1986 | 0.00x | $0.00 | $100.20 Million | $0.00 | — |
| 1985 | 0.00x | $0.00 | $114.30 Million | $0.00 | — |