MH

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McGraw Hill, Inc.

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Key Metrics

Previous Close: $13.20
52-Week Range: $8.95 – $18.00
Market Cap: $2.46B
P/E (TTM): 26.24
EPS (TTM): 0.49
Dividend Yield: —

Advanced Metrics

Price/Book: 3.12
PEG Ratio: —
Return on Equity: 17.30%
Return on Assets: 3.90%
Gross Margin: 81.65%
Operating Margin: 21.46%
Profit Margin: 4.38%
Current Ratio: 0.78
Debt/Equity: 3.37
Total Debt: $2.65B
Free Cash Flow: $435.59M
Revenue Growth: 2.60%
Earnings Growth: 9860.20%
Enterprise Value: $4.99B

MH Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$1.95B	$1.96B	$2.10B	$2.10B
Cost of Revenue	$464.56M	$420.33M	$422.29M	$401.14M
Gross Profit	$1.48B	$1.54B	$1.68B	$1.70B
Research & Development	$278.10M	$263.42M	$284.43M	$276.25M
Selling, General & Admin	$709.41M	$705.55M	$725.41M	$747.69M
Operating Expenses	$1.36B	$1.34B	$1.37B	$1.39B
Operating Income	$123.83M	$204.80M	$306.81M	$315.78M
EBITDA	$495.71M	$571.18M	$669.16M	$677.70M
Pretax Income	-$453.84M	-$167.72M	$10.64M	$43.79M
Income Tax	-$49.73M	$25.29M	$96.48M	$8.47M
Net Income	-$404.10M	-$193.02M	-$85.84M	$35.32M
Diluted EPS	-2.12	-1.01	-0.45	—
Diluted Shares	191.00M	191.00M	191.00M	—

MH Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$181.47M	$203.62M	$389.83M	$253.52M
Receivables	$307.58M	$340.42M	$338.43M	$362.48M
Inventory	$248.31M	$213.88M	$174.02M	$195.02M
Current Assets	$903.44M	$903.93M	$1.05B	$973.65M
Total Assets	$6.07B	$5.81B	$5.76B	$5.49B
Current Liabilities	$1.15B	$1.14B	$1.33B	$1.27B
Long-Term Debt	$3.46B	$3.41B	$3.16B	$2.56B
Total Debt	$3.59B	$3.53B	$3.26B	$2.65B
Total Liabilities	$5.51B	$5.44B	$5.48B	$4.76B
Retained Earnings	-$1.00B	-$1.20B	-$1.28B	-$1.25B
Shareholders' Equity	$558.13M	$368.75M	$280.24M	$726.22M
Working Capital	-$245.89M	-$239.15M	-$277.79M	-$292.90M
Net Debt	$3.30B	$3.23B	$2.79B	$2.32B

MH Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$256.62M	$236.16M	$646.28M	$331.17M
Capital Expenditure	-$140.56M	-$156.61M	-$161.06M	-$203.86M
Free Cash Flow	$116.06M	$79.55M	$485.22M	$127.31M
Depreciation & Amortisation	$371.88M	$366.38M	$362.36M	$361.92M
Stock-Based Compensation	$0.00	$0.00	$0.00	$33.72M
Investing Cash Flow	-$162.32M	-$136.11M	-$167.06M	-$203.86M
Financing Cash Flow	-$204.57M	-$77.24M	-$294.68M	-$264.87M
Net Change in Cash	-$110.27M	$22.80M	$184.54M	-$137.56M

MH Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$473.26M	$535.71M	$669.19M	$434.16M	$463.72M
Cost of Revenue	$78.39M	$123.38M	$139.08M	$63.84M	$74.83M
Gross Profit	$394.87M	$412.33M	$530.11M	$370.32M	$388.89M
Research & Development	—	$65.46M	$69.65M	$67.52M	$73.63M
Selling, General & Admin	-$48.55M	$162.79M	$211.11M	$176.74M	$197.05M
Operating Expenses	$367.10M	$316.10M	$373.58M	$339.93M	$356.25M
Operating Income	$27.77M	$96.22M	$156.53M	$30.39M	$32.64M
EBITDA	$158.99M	$184.08M	$249.35M	$126.06M	$118.21M
Pretax Income	-$35.77M	$37.45M	$84.22M	-$25.15M	-$52.74M
Income Tax	$121.09M	$36.95M	-$21.06M	-$4.95M	-$2.47M
Net Income	-$156.87M	$502.00K	$105.28M	-$20.20M	-$50.27M
Diluted EPS	—	0.00	0.57	-0.11	-0.26
Diluted Shares	—	191.00M	185.83M	191.00M	191.07M

MH Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$389.83M	$247.33M	$463.19M	$514.39M	$253.52M
Receivables	$338.43M	$444.69M	$666.77M	$242.33M	$362.48M
Inventory	$174.02M	$160.72M	$132.96M	$169.67M	$195.02M
Current Assets	$1.05B	$991.83M	$1.42B	$1.07B	$973.65M
Total Assets	$5.76B	$5.66B	$6.05B	$5.64B	$5.49B
Current Liabilities	$1.33B	$1.20B	$1.41B	$1.28B	$1.27B
Long-Term Debt	$3.16B	$3.17B	$2.80B	$2.61B	$2.56B
Total Debt	$3.26B	$3.26B	$2.88B	$2.69B	$2.65B
Total Liabilities	$5.48B	$5.38B	$5.25B	$4.87B	$4.76B
Retained Earnings	-$1.28B	-$1.28B	-$1.18B	-$1.20B	-$1.25B
Shareholders' Equity	$280.24M	$283.26M	$794.59M	$775.34M	$726.22M
Working Capital	-$277.79M	-$207.17M	$14.72M	-$213.16M	-$292.90M
Net Debt	$2.79B	$2.93B	$2.35B	$2.10B	$2.32B

MH Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$41.19M	-$96.65M	$264.98M	$308.97M	-$146.12M
Capital Expenditure	-$57.97M	-$39.07M	-$47.48M	-$51.16M	-$66.14M
Free Cash Flow	-$99.15M	-$135.72M	$217.50M	$257.80M	-$212.27M
Depreciation & Amortisation	$87.09M	$87.85M	$92.82M	$95.67M	$85.57M
Stock-Based Compensation	—	—	—	$661.00K	$1.99M
Investing Cash Flow	-$63.97M	-$39.07M	-$47.48M	-$51.16M	-$66.14M
Financing Cash Flow	-$54.78M	-$7.38M	-$969.00K	-$207.31M	-$49.20M
Net Change in Cash	-$159.93M	-$143.11M	$216.53M	$50.49M	-$261.47M

Market Snapshot

About

McGraw Hill is a learning science company providing educational content, software, and services for pre-K through postgraduate education. The company delivers digital learning platforms, textbooks, and assessment tools to students and educators globally.