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Graham vs Stride: revenue, profit, margins and growth compared

Graham brought in $4.9B of revenue in fiscal 2025, Stride $2.5B in fiscal 2026. Revenue changed by +2.5% at Graham and +4.7% at Stride on the year before, so Stride grew faster. Graham kept 6.0% of its revenue as net profit, Stride 13.4%. Free cash flow was $275.3M at Graham and $433.2M at Stride.

Side by side, latest fiscal year

GHCLRN
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$4.9B$2.5B
Revenue growth+2.5%+4.7%
Net income$292.3M$338.2M
Net margin6.0%13.4%
Free cash flow$275.3M$433.2M
Free cash flow margin5.6%17.2%
Earnings per share (diluted)$66.47$7.14
Cash$267M$754.5M
Debt$880.8M$418M
Price to earnings17.411.0
Market value$4.9B$3.3B
Dividend yield0.62%n/a
Rank by revenue in sector#12 of 162 · Real estate#26 of 162 · Real estate

Over the years

Revenue
GHC FY2018: $2.7BGHC FY2019: $2.9BGHC FY2020: $2.9BGHC FY2021: $3.2BGHC FY2022: $3.9BGHC FY2023: $4.4BGHC FY2024: $4.8BGHC FY2025: $4.9BLRN FY2019: $1BLRN FY2020: $1BLRN FY2021: $1.5BLRN FY2022: $1.7BLRN FY2023: $1.8BLRN FY2024: $2BLRN FY2025: $2.4BLRN FY2026: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GHC $4.9BLRN $2.5B
Net income
GHC FY2018: $271.2MGHC FY2019: $327.9MGHC FY2020: $300.4MGHC FY2021: $352.1MGHC FY2022: $67.1MGHC FY2023: $205.3MGHC FY2024: $724.6MGHC FY2025: $292.3MLRN FY2019: $37.2MLRN FY2020: $24.5MLRN FY2021: $71.5MLRN FY2022: $107.1MLRN FY2023: $126.9MLRN FY2024: $204.2MLRN FY2025: $287.9MLRN FY2026: $338.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GHC $292.3MLRN $338.2M
Net margin
GHC FY2018: 10.1%GHC FY2019: 11.2%GHC FY2020: 10.4%GHC FY2021: 11.1%GHC FY2022: 1.7%GHC FY2023: 4.6%GHC FY2024: 15.1%GHC FY2025: 6.0%LRN FY2019: 3.7%LRN FY2020: 2.4%LRN FY2021: 4.6%LRN FY2022: 6.4%LRN FY2023: 6.9%LRN FY2024: 10.0%LRN FY2025: 12.0%LRN FY2026: 13.4%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GHC 6.0%LRN 13.4%
Revenue growth
GHC FY2019: +8.8%GHC FY2020: -1.5%GHC FY2021: +10.3%GHC FY2022: +23.2%GHC FY2023: +12.5%GHC FY2024: +8.5%GHC FY2025: +2.5%LRN FY2020: +2.5%LRN FY2021: +47.7%LRN FY2022: +9.8%LRN FY2023: +8.9%LRN FY2024: +11.0%LRN FY2025: +17.9%LRN FY2026: +4.7%FY19FY20FY21FY22FY23FY24FY25FY26
GHC +2.5%LRN +4.7%
Free cash flow
GHC FY2018: $188.8MGHC FY2019: $71.7MGHC FY2020: $141.1MGHC FY2021: $39.9MGHC FY2022: $152.9MGHC FY2023: $166.4MGHC FY2024: $324.1MGHC FY2025: $275.3MLRN FY2019: $136.1MLRN FY2020: $78.7MLRN FY2021: $130.6MLRN FY2022: $197.1MLRN FY2023: $198.8MLRN FY2024: $276.5MLRN FY2025: $431MLRN FY2026: $433.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
GHC $275.3MLRN $433.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Graham and Stride

Which is bigger by revenue, Graham or Stride?

Graham is bigger by revenue: $4.9B in fiscal 2025, against $2.5B for Stride in fiscal 2026.

Which keeps more of its revenue as profit, Graham or Stride?

Graham had a net margin of 6.0% in fiscal 2025; Stride had 13.4% in fiscal 2026.

Which grew revenue faster, Graham or Stride?

In their latest fiscal years revenue changed by +2.5% at Graham and +4.7% at Stride.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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