What is Scholastic's operating income?

Scholastic's total operating income in 2026 was $15.20 million, based on the following breakdown: Total Gross Profit: $892.10 million Total Operating Expenses: $876.90 million

Scholastic (SCHL) Financials

$42.08 +1.43 (+3.52%)

Closing price 08/3/2026 04:00 PM Eastern

Extended Trading

$42.18 +0.10 (+0.25%)

As of 04:26 AM Eastern

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Annual Income Statements for Scholastic

This table shows Scholastic's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025	5/31/2026
Net Income / (Loss) Attributable to Common Shareholders	41	105	-5.00	16	-44	-11	81	86	12	-1.90	57
Consolidated Net Income / (Loss)	41	105	-5.00	16	-44	-11	81	87	12	-1.90	57
Net Income / (Loss) Continuing Operations	44	53	-5.00	16	-44	-11	81	87	12	-1.90	57
Total Pre-Tax Income	69	88	-1.50	26	-90	-18	90	112	16	-1.30	85
Total Operating Income	72	89	56	25	-89	-23	97	106	15	16	15
Total Gross Profit	911	927	884	874	778	672	877	918	885	907	892
Total Revenue	1,673	1,742	1,628	1,654	1,487	1,300	1,643	1,704	1,590	1,626	1,582
Operating Revenue	1,673	1,742	1,628	1,654	1,487	1,300	1,643	1,704	1,590	1,626	1,582
Total Cost of Revenue	762	815	745	780	709	629	766	786	705	719	690
Operating Cost of Revenue	762	815	745	780	709	629	766	786	705	719	690
Total Operating Expenses	839	838	828	849	866	694	780	811	870	891	877
Selling, General & Admin Expense	774	778	766	792	764	623	723	757	803	822	807
Depreciation Expense	39	39	41	56	62	61	57	55	57	66	59
Impairment Charge	14	6.80	11	0.90	41	11	0.40	0.00	10	2.90	11
Total Other Income / (Expense), net	-3.00	-1.30	-57	1.00	-1.20	4.50	-7.70	6.10	1.70	-17	70
Interest Expense	2.20	2.40	2.00	2.20	3.00	6.20	2.90	1.40	1.90	18	14
Interest & Investment Income	3.30	1.40	3.10	5.60	3.10	0.40	0.50	7.20	4.60	2.20	85
Other Income / (Expense), net	-4.10	-0.30	-58	-2.40	-1.30	10	-5.30	0.30	-1.00	-1.10	-1.30
Income Tax Expense	25	35	3.50	10	-46	-7.30	8.70	26	4.10	0.60	29
Basic Earnings per Share	$1.18	$1.51	($0.14)	$0.44	($1.27)	($0.32)	$2.33	$2.56	$0.41	($0.07)	$2.39
Weighted Average Basic Shares Outstanding	34.10M	34.70M	35.70M	35.50M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Diluted Earnings per Share	$1.16	$1.47	($0.14)	$0.43	($1.27)	($0.32)	$2.27	$2.49	$0.40	($0.07)	$2.34
Weighted Average Diluted Shares Outstanding	34.10M	34.70M	35.70M	35.50M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Weighted Average Basic & Diluted Shares Outstanding	34.10M	34.70M	35.70M	35.50M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Cash Dividends to Common per Share	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.60	$0.80	$0.80	$0.80	$0.80

This table shows Scholastic's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Income / (Loss) Attributable to Common Shareholders	77	-27	36	-63	49	-3.60	15	-71	56	63	9.40
Consolidated Net Income / (Loss)	77	-27	36	-63	49	-3.60	15	-71	56	63	9.40
Net Income / (Loss) Continuing Operations	77	-27	36	-63	49	-3.60	15	-71	56	63	9.40
Total Pre-Tax Income	102	-35	47	-92	70	-28	49	-97	76	92	15
Total Operating Income	101	-35	47	-89	75	-24	54	-92	83	-27	51
Total Gross Profit	329	175	283	109	316	181	301	102	326	179	286
Total Revenue	563	324	475	237	545	335	508	226	551	329	476
Operating Revenue	563	324	475	237	545	335	508	226	551	329	476
Total Cost of Revenue	234	149	192	128	229	155	207	124	226	150	190
Operating Cost of Revenue	234	149	192	128	229	155	207	124	226	150	190
Total Operating Expenses	227	210	235	197	241	205	248	194	243	206	234
Selling, General & Admin Expense	213	195	211	182	225	188	228	177	218	193	220
Depreciation Expense	14	15	15	15	16	17	17	16	17	13	13
Impairment Charge	0.00	0.50	-	0.00	0.10	0.30	-	0.80	8.60	0.00	1.50
Total Other Income / (Expense), net	0.20	0.30	0.10	-3.30	-4.70	-4.50	-4.60	-4.80	-7.00	119	-37
Interest Expense	-0.40	-0.60	4.30	3.00	4.40	4.30	6.50	4.50	5.00	0.80	3.80
Other Income / (Expense), net	-0.20	-0.30	-0.20	-0.30	-0.30	-0.20	-0.30	-0.30	-2.00	120	-119
Income Tax Expense	25	-8.10	11	-29	21	-25	34	-26	20	29	5.10
Basic Earnings per Share	$2.51	($0.91)	$1.16	($2.21)	$1.73	($0.13)	$0.54	($2.83)	$2.21	$2.61	$0.40
Weighted Average Basic Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Diluted Earnings per Share	$2.45	($0.91)	$1.21	($2.21)	$1.71	($0.13)	$0.56	($2.83)	$2.17	$2.55	$0.45
Weighted Average Diluted Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Weighted Average Basic & Diluted Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Cash Dividends to Common per Share	-	$0.20	-	$0.20	$0.20	$0.20	-	$0.20	$0.20	$0.20	$0.20

This table details how cash moves in and out of Scholastic's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025	5/31/2026
Net Change in Cash & Equivalents	-107	44	-52	-58	60	-27	-50	-92	-111	10	11
Net Cash From Operating Activities	-79	141	142	116	2.10	71	226	149	155	124	51
Net Cash From Continuing Operating Activities	-68	142	142	116	2.10	71	226	149	155	124	51
Net Income / (Loss) Continuing Operations	44	53	-5.00	16	-44	-11	81	86	12	-1.90	57
Consolidated Net Income / (Loss)	41	52	-5.00	16	-44	-11	81	86	12	-1.90	57
Depreciation Expense	39	39	44	59	64	65	65	65	67	79	72
Amortization Expense	31	25	24	23	27	25	26	25	27	32	34
Non-Cash Adjustments To Reconcile Net Income	42	40	88	29	97	39	45	32	45	11	-45
Changes in Operating Assets and Liabilities, net	-224	-14	-10	-11	-142	-47	9.10	-58	3.50	4.50	-67
Net Cash From Investing Activities	-40	-93	-162	-147	-96	-51	-43	-100	-90	-253	406
Net Cash From Continuing Investing Activities	-61	-103	-162	-147	-96	-51	-43	-100	-90	-253	406
Purchase of Property, Plant & Equipment	-36	-66	-122	-95	-63	-47	-42	-62	-58	-52	-48
Acquisitions	-3.70	-10	-4.40	-14	-1.20	0.00	0.00	-11	-6.40	-176	0.00
Sale of Property, Plant & Equipment	3.30	-	-	0.00	0.00	17	16	-	0.00	0.00	452
Divestitures	-	0.00	-	-	-	-	-	-	0.00	0.00	19
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	-	0.00	0.00	0.30
Other Investing Activities, net	-25	-27	-36	-38	-32	-21	-17	-27	-25	-25	-18
Net Cash From Financing Activities	12	-4.10	-32	-26	154	-52	-229	-140	-176	137	-446
Net Cash From Continuing Financing Activities	12	-4.10	-32	-26	154	-52	-229	-140	-176	137	-446
Repayment of Debt	-37	-30	-44	-62	-25	-36	-189	-6.00	-56	-59	-412
Repurchase of Common Equity	-14	-6.90	-27	-8.50	-36	0.00	-33	-132	-158	-70	-266
Payment of Dividends	-21	-21	-21	-21	-21	-21	-21	-26	-25	-23	-20
Issuance of Debt	39	28	45	60	234	4.00	3.20	3.50	54	306	234
Issuance of Common Equity	45	25	16	6.00	0.70	0.40	10	21	9.10	1.20	19
Other Financing Activities, net	-	-	-	-	-	-	-	0.00	0.00	-18	-1.00
Effect of Exchange Rate Changes	-0.70	-0.10	0.30	-1.20	-0.80	4.50	-3.50	-1.90	0.40	1.70	0.20
Cash Interest Paid	1.60	1.40	1.40	1.30	1.50	5.40	3.30	1.50	2.20	18	15
Cash Income Taxes Paid	183	3.00	15	2.50	7.20	1.30	-49	2.50	24	2.00	43

This table details how cash moves in and out of Scholastic's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
Net Change in Cash & Equivalents	24	-39	3.30	-30	56	-45	29	-30	5.00	5.30	30
Net Cash From Operating Activities	110	13	70	-42	71	-12	107	-82	73	-31	90
Net Cash From Continuing Operating Activities	110	13	70	-42	71	-12	107	-82	73	-31	90
Net Income / (Loss) Continuing Operations	77	-27	36	-63	49	-3.60	15	-71	56	63	9.40
Consolidated Net Income / (Loss)	77	-27	36	-63	49	-3.60	15	-71	56	63	9.40
Depreciation Expense	16	17	18	18	20	20	21	19	20	16	17
Amortization Expense	6.70	6.70	6.40	6.80	11	7.20	7.40	7.30	8.10	8.50	10
Non-Cash Adjustments To Reconcile Net Income	15	7.00	16	6.00	-6.10	1.80	13	2.30	21	-116	48
Changes in Operating Assets and Liabilities, net	-5.50	8.80	-6.10	-11	-2.00	-37	51	-40	-32	-1.50	5.80
Net Cash From Investing Activities	-27	-20	-20	-201	-16	-15	-21	-15	-14	435	-0.20
Net Cash From Continuing Investing Activities	-27	-18	-20	-201	-16	-15	-21	-15	-14	435	-0.20
Purchase of Property, Plant & Equipment	-15	-15	-15	-20	-11	-9.00	-12	-10	-10	-13	-15
Other Investing Activities, net	-6.30	-3.40	2.90	-4.40	-5.70	-5.80	-8.60	-4.90	-4.30	-3.80	-4.90
Net Cash From Financing Activities	-59	-32	-47	212	2.60	-17	-60	67	-53	-401	-59
Net Cash From Continuing Financing Activities	-59	-32	-47	212	2.60	-17	-60	67	-53	-401	-59
Repayment of Debt	-27	-1.10	-27	225	-1.10	274	-331	-3.40	27	-275	-160
Repurchase of Common Equity	-54	-53	-15	-5.00	-5.00	-30	-30	0.00	-	-127	-139
Payment of Dividends	-6.30	-6.10	-5.80	-5.70	-5.60	-5.70	-5.60	-5.20	-5.10	-5.10	-4.60
Issuance of Common Equity	2.30	2.60	0.40	0.50	0.60	0.10	-	0.90	3.00	4.40	10
Other Financing Activities, net	-	-	-	-2.40	-12	-4.00	0.30	-3.50	0.30	2.30	-0.10
Effect of Exchange Rate Changes	-	-0.20	0.30	1.20	-	-1.20	3.60	-	-	1.40	-0.40

This table presents Scholastic's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025	5/31/2026
Total Assets	1,713	1,760	1,825	1,879	2,034	2,008	1,941	1,867	1,671	1,950	1,728
Total Current Assets	950	971	958	961	1,035	1,028	996	893	677	725	721
Cash & Equivalents	400	444	392	334	394	367	317	225	114	124	135
Accounts Receivable	196	199	-	250	240	256	299	278	235	273	236
Inventories, net	271	283	-	324	271	270	281	335	264	250	265
Prepaid Expenses	73	44	-	42	41	47	68	47	49	48	37
Current Deferred & Refundable Income Taxes	-	-	-	10	90	89	27	8.90	15	8.80	28
Other Current Assets	-	-	-	-	-	0.00	3.70	0.00	0.00	21	19
Plant, Property, & Equipment, net	438	475	556	578	577	557	517	521	512	516	202
Total Noncurrent Assets	325	315	286	340	421	423	428	452	482	709	805
Goodwill	116	119	119	125	125	126	125	133	133	199	199
Intangible Assets	-	-	-	-	-	-	-	-	10	88	78
Noncurrent Deferred & Refundable Income Taxes	69	54	-	37	19	25	22	21	23	35	32
Other Noncurrent Operating Assets	141	142	167	178	278	271	281	299	316	387	496
Total Liabilities & Shareholders' Equity	1,713	1,760	1,825	1,879	2,034	2,008	1,941	1,867	1,671	1,950	1,728
Total Liabilities	456	453	302	606	853	826	722	702	653	1,004	977
Total Current Liabilities	378	387	446	542	502	696	620	602	535	626	586
Short-Term Debt	-	-	-	-	-	-	-	-	6.00	6.20	5.50
Accounts Payable	138	141	199	195	154	138	162	171	139	157	144
Accrued Expenses	208	212	35	207	199	248	255	222	205	235	208
Current Deferred Revenue	24	24	-	-	117	99	173	169	161	179	179
Current Deferred & Payable Income Tax Liabilities	1.60	2.80	1.80	1.40	1.40	3.00	2.70	13	1.90	3.70	4.70
Other Current Liabilities	6.30	6.20	7.90	138	31	208	27	27	22	45	44
Total Noncurrent Liabilities	77	65	59	64	352	131	103	100	118	377	392
Long-Term Debt	-	-	0.00	0.00	211	7.30	0.00	0.00	0.00	250	75
Other Noncurrent Operating Liabilities	77	65	59	64	141	123	103	100	118	127	317
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,257	1,308	1,321	1,273	1,181	1,183	1,218	1,165	1,018	947	751
Total Preferred & Common Equity	1,257	1,308	1,321	1,272	1,179	1,181	1,217	1,163	1,018	947	751
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,257	1,308	256	1,271	1,179	1,180	1,217	1,163	1,018	947	751
Common Stock	601	607	615	621	622	627	627	633	605	608	603
Retained Earnings	1,060	1,091	-	1,013	948	916	977	1,036	1,024	1,000	1,038
Treasury Stock	-317	-296	-304	-303	-333	-328	-342	-450	-558	-619	-854
Accumulated Other Comprehensive Income / (Loss)	-87	-94	-56	-60	-58	-35	-45	-56	-53	-42	-36

This table presents Scholastic's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	11/30/2022	2/28/2023	8/31/2023	11/30/2023	2/29/2024	8/31/2024	11/30/2024	2/28/2025	8/31/2025	11/30/2025	2/28/2026
Total Assets	2,034	1,878	1,772	1,834	1,715	1,960	2,037	1,961	1,955	1,994	1,781
Total Current Assets	1,082	928	785	841	729	715	812	757	730	1,135	735
Cash & Equivalents	261	199	126	150	110	84	140	95	94	99	105
Accounts Receivable	346	262	202	312	253	201	293	256	187	297	248
Inventories, net	380	368	353	302	283	310	282	271	322	291	283
Prepaid Expenses	78	71	70	65	53	73	68	64	72	61	58
Current Deferred & Refundable Income Taxes	17	29	33	12	30	46	26	52	35	19	24
Other Current Assets	-	-	-	-	0.00	1.00	3.30	20	19	17	19
Plant, Property, & Equipment, net	512	511	523	524	513	525	523	517	513	184	194
Total Noncurrent Assets	440	439	464	469	474	720	703	687	712	676	852
Goodwill	132	132	133	133	133	204	202	200	200	199	200
Intangible Assets	-	-	9.40	15	14	95	89	83	87	83	82
Noncurrent Deferred & Refundable Income Taxes	22	21	21	21	21	23	23	23	35	53	54
Other Noncurrent Operating Assets	287	286	302	301	306	398	389	381	391	341	516
Total Liabilities & Shareholders' Equity	2,034	1,878	1,772	1,834	1,715	1,960	2,037	1,961	1,955	1,994	1,781
Total Liabilities	816	728	718	754	718	1,003	1,051	1,020	1,077	1,063	909
Total Current Liabilities	725	637	599	637	609	628	656	617	631	680	621
Accounts Payable	212	158	168	160	126	184	157	134	176	154	129
Accrued Expenses	250	247	218	220	232	217	231	225	225	230	226
Current Deferred Revenue	233	203	171	225	194	174	225	205	181	227	214
Current Deferred & Payable Income Tax Liabilities	2.10	1.40	13	2.50	2.70	2.10	2.60	2.60	1.90	2.80	1.90
Other Current Liabilities	28	27	29	30	54	52	41	50	48	47	51
Total Noncurrent Liabilities	91	91	119	118	109	374	395	403	445	384	288
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	225	250	275	325	275	0.00
Other Noncurrent Operating Liabilities	91	91	119	118	109	149	145	128	120	109	288
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,218	1,150	1,055	1,079	998	957	986	941	878	931	872
Total Preferred & Common Equity	1,217	1,148	1,055	1,079	998	957	986	941	878	931	872
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,217	1,148	1,055	1,079	998	957	986	941	878	931	872
Common Stock	629	631	633	631	603	607	604	606	608	605	603
Retained Earnings	992	966	955	1,026	994	956	999	990	924	974	1,032
Treasury Stock	-353	-396	-480	-525	-546	-561	-561	-590	-616	-606	-730
Accumulated Other Comprehensive Income / (Loss)	-52	-53	-54	-54	-54	-44	-56	-64	-38	-41	-33

This table displays calculated financial ratios and metrics derived from Scholastic's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	5/31/2016	5/31/2017	5/31/2018	5/31/2019	5/31/2020	5/31/2021	5/31/2022	5/31/2023	5/31/2024	5/31/2025	5/31/2026
DEI Shares Outstanding	34,141,871.00	34,826,189.00	34,734,434.00	35,213,017.00	34,270,715.00	34,328,131.00	-	-	-	26,686,499.00	21,742,376.00
DEI Adjusted Shares Outstanding	34,141,871.00	34,826,189.00	34,734,434.00	35,213,017.00	34,270,715.00	34,328,131.00	-	-	-	26,686,499.00	21,742,376.00
DEI Earnings Per Adjusted Shares Outstanding	1.19	3.00	-0.14	0.44	-1.28	-0.32	-	-	-	-0.07	2.61
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.26%	4.11%	-6.50%	1.57%	-10.09%	-12.56%	26.35%	3.72%	-6.71%	2.25%	-2.68%
EBITDA Growth	16.20%	11.40%	-57.24%	60.06%	-98.86%	6,391.67%	135.43%	6.82%	-45.33%	17.18%	-4.38%
EBIT Growth	105.47%	31.51%	-102.92%	969.23%	-497.35%	86.19%	842.74%	15.74%	-87.34%	8.89%	-5.44%
NOPAT Growth	169.25%	16.02%	-26.95%	-61.46%	-513.00%	74.35%	653.51%	-6.99%	-86.76%	2.12%	-8.54%
Net Income Growth	-86.25%	158.27%	-104.78%	412.00%	-380.13%	75.06%	843.12%	6.79%	-86.01%	-115.70%	3,084.21%
EPS Growth	-86.82%	26.72%	-109.52%	407.14%	-395.35%	74.80%	809.38%	9.69%	-83.94%	-117.50%	3,442.86%
Operating Cash Flow Growth	-147.27%	279.21%	0.07%	-17.74%	-98.20%	3,280.95%	218.31%	-34.12%	3.83%	-19.66%	-59.02%
Free Cash Flow Firm Growth	-156.25%	129.71%	853.14%	-205.75%	68.56%	231.30%	-94.16%	371.25%	6.48%	-488.92%	349.56%
Invested Capital Growth	25.81%	1.79%	-37.50%	73.87%	6.25%	-17.48%	9.56%	4.24%	-3.79%	18.49%	-35.44%
Revenue Q/Q Growth	1.59%	-0.81%	-0.21%	-1.52%	-11.15%	9.92%	7.39%	0.82%	-3.25%	2.10%	-1.99%
EBITDA Q/Q Growth	17.99%	0.79%	16.73%	-25.85%	-98.45%	250.90%	32.13%	24.54%	-28.98%	8.75%	-50.31%
EBIT Q/Q Growth	58.31%	1.72%	72.63%	-64.13%	-612.70%	81.92%	92.28%	55.85%	-76.96%	72.94%	-89.64%
NOPAT Q/Q Growth	74.25%	4.32%	20.87%	-69.53%	-759.22%	71.12%	154.17%	15.08%	-77.35%	66.32%	11.53%
Net Income Q/Q Growth	-85.98%	123.03%	-113.93%	-67.84%	-262.45%	84.71%	121.31%	37.74%	-76.73%	-110.22%	-9.57%
EPS Q/Q Growth	-86.48%	5.76%	70.83%	-68.38%	-252.78%	64.84%	127.00%	44.77%	-72.60%	-112.07%	-4.49%
Operating Cash Flow Q/Q Growth	15.71%	-24.02%	52.31%	-15.10%	-97.90%	1,414.81%	6.10%	94.90%	-24.47%	42.43%	-24.93%
Free Cash Flow Firm Q/Q Growth	-525.09%	-62.70%	650.71%	-1,751.75%	-566.21%	150.33%	150.85%	1,305.99%	-58.44%	30.96%	7.99%
Invested Capital Q/Q Growth	-1.07%	7.06%	-40.34%	0.83%	5.89%	-0.06%	2.90%	-1.17%	1.94%	-3.82%	-9.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.43%	53.23%	54.27%	52.84%	52.30%	51.65%	53.41%	53.85%	55.65%	55.78%	56.39%
EBITDA Margin	8.23%	8.81%	4.03%	6.35%	0.08%	5.99%	11.16%	11.50%	6.74%	7.72%	7.59%
Operating Margin	4.29%	5.12%	3.41%	1.51%	-5.95%	-1.75%	5.93%	6.24%	0.91%	0.97%	0.96%
EBIT Margin	4.04%	5.10%	-0.16%	1.37%	-6.04%	-0.95%	5.61%	6.26%	0.85%	0.90%	0.88%
Profit (Net Income) Margin	2.42%	6.01%	-0.31%	0.94%	-2.94%	-0.84%	4.93%	5.08%	0.76%	-0.12%	3.58%
Tax Burden Percent	58.95%	119.00%	333.33%	60.00%	48.72%	59.89%	90.30%	76.96%	74.69%	146.15%	66.55%
Interest Burden Percent	101.63%	98.88%	57.69%	115.04%	99.89%	146.77%	97.39%	105.44%	120.00%	-8.84%	612.95%
Effective Tax Rate	35.95%	40.27%	0.00%	40.00%	0.00%	0.00%	9.70%	23.04%	25.31%	0.00%	33.45%
Return on Invested Capital (ROIC)	6.03%	6.22%	5.54%	2.03%	-6.40%	-1.75%	10.20%	8.88%	1.17%	1.11%	1.14%
ROIC Less NNEP Spread (ROIC-NNEP)	7.18%	-5.82%	12.72%	1.92%	-13.46%	-3.58%	12.25%	7.15%	0.42%	-104.68%	121.51%
Return on Net Nonoperating Assets (RNNOA)	-2.74%	1.93%	-5.93%	-0.83%	2.84%	0.82%	-3.45%	-1.62%	-0.07%	-1.31%	5.54%
Return on Equity (ROE)	3.29%	8.16%	-0.38%	1.20%	-3.56%	-0.92%	6.75%	7.26%	1.11%	-0.19%	6.68%
Cash Return on Invested Capital (CROIC)	-16.83%	4.45%	51.71%	-51.91%	-12.46%	17.40%	1.07%	4.74%	5.03%	-15.81%	44.21%
Operating Return on Assets (OROA)	3.82%	5.12%	-0.15%	1.22%	-4.59%	-0.61%	4.66%	5.60%	0.76%	0.81%	0.76%
Return on Assets (ROA)	2.29%	6.02%	-0.28%	0.84%	-2.23%	-0.54%	4.10%	4.54%	0.68%	-0.10%	3.08%
Return on Common Equity (ROCE)	3.29%	8.15%	-0.23%	0.71%	-3.56%	-0.92%	6.74%	7.25%	1.11%	-0.19%	6.68%
Return on Equity Simple (ROE_SIMPLE)	3.22%	8.00%	-0.38%	1.23%	-3.71%	-0.92%	6.66%	7.44%	1.19%	-0.20%	0.00%
Net Operating Profit after Tax (NOPAT)	46	53	39	15	-62	-16	88	82	11	11	10
NOPAT Margin	2.75%	3.06%	2.39%	0.91%	-4.17%	-1.22%	5.35%	4.80%	0.68%	0.68%	0.64%
Net Nonoperating Expense Percent (NNEP)	-1.16%	12.04%	-7.17%	0.11%	7.06%	1.84%	-2.06%	1.74%	0.75%	105.80%	-120.37%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	0.92%	1.22%
Cost of Revenue to Revenue	45.57%	46.77%	45.73%	47.16%	47.70%	48.35%	46.59%	46.15%	44.35%	44.22%	43.61%
SG&A Expenses to Revenue	46.25%	44.64%	47.02%	47.89%	51.39%	47.89%	44.00%	44.40%	50.51%	50.59%	51.03%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.14%	48.11%	50.86%	51.33%	58.25%	53.40%	47.48%	47.61%	54.73%	54.81%	55.43%
Earnings before Interest and Taxes (EBIT)	68	89	-2.60	23	-90	-12	92	107	14	15	14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	138	153	66	105	1.20	78	183	196	107	126	120
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	1.00	5.46	0.83	0.79	0.93	1.02	1.18	1.02	0.49	1.17
Price to Tangible Book Value (P/TBV)	1.01	1.10	10.22	0.92	0.88	1.04	1.14	1.34	1.17	0.70	1.86
Price to Revenue (P/Rev)	0.69	0.75	0.86	0.64	0.62	0.84	0.76	0.81	0.65	0.28	0.56
Price to Earnings (P/E)	28.52	12.45	0.00	67.63	0.00	0.00	15.34	15.94	85.77	0.00	15.53
Dividend Yield	1.77%	1.61%	1.49%	2.00%	2.21%	1.89%	1.66%	1.92%	2.21%	4.63%	1.98%
Earnings Yield	3.51%	8.03%	0.00%	1.48%	0.00%	0.00%	6.52%	6.27%	1.17%	0.00%	6.44%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.99	1.86	0.77	0.75	0.89	1.03	1.23	1.02	0.55	1.19
Enterprise Value to Revenue (EV/Rev)	0.45	0.49	0.62	0.44	0.50	0.57	0.56	0.68	0.58	0.36	0.52
Enterprise Value to EBITDA (EV/EBITDA)	5.41	5.59	15.29	6.88	622.50	9.43	5.05	5.88	8.63	4.73	6.88
Enterprise Value to EBIT (EV/EBIT)	11.03	9.65	0.00	31.96	0.00	0.00	10.05	10.81	68.45	40.35	59.44
Enterprise Value to NOPAT (EV/NOPAT)	16.23	16.10	25.77	48.15	0.00	0.00	10.52	14.09	85.33	53.62	81.67
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	6.07	7.09	6.21	355.71	10.35	4.10	7.74	5.98	4.78	16.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	22.53	2.76	0.00	0.00	4.64	100.04	26.43	19.90	0.00	2.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.18	0.01	0.00	0.00	0.00	0.27	0.11
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.18	0.01	0.00	0.00	0.00	0.26	0.10
Financial Leverage	-0.38	-0.33	-0.47	-0.43	-0.21	-0.23	-0.28	-0.23	-0.16	0.01	0.05
Leverage Ratio	1.44	1.35	1.36	1.43	1.59	1.71	1.64	1.60	1.62	1.84	2.17
Compound Leverage Factor	1.46	1.34	0.79	1.64	1.59	2.51	1.60	1.68	1.95	-0.16	13.28
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	15.14%	0.61%	0.00%	0.00%	0.00%	21.30%	9.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	0.66%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	15.14%	0.61%	0.00%	0.00%	0.00%	20.79%	9.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.10%	0.10%	0.13%	0.11%	0.14%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.97%	19.35%	99.87%	84.73%	99.19%	99.89%	99.86%	100.00%	78.70%	90.32%
Debt to EBITDA	0.00	0.00	0.00	0.00	175.50	0.09	0.00	0.00	0.00	2.04	0.67
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-152.67	-4.61	0.00	0.00	0.00	1.05	-0.45
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	175.50	0.09	0.00	0.00	0.00	1.99	0.63
Debt to NOPAT	0.00	0.00	0.00	0.00	-3.40	-0.46	0.00	0.00	0.00	23.16	7.96
Net Debt to NOPAT	0.00	0.00	0.00	0.00	2.96	22.61	0.00	0.00	0.00	11.95	-5.38
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-3.40	-0.46	0.00	0.00	0.00	22.60	7.41
Altman Z-Score	3.89	4.15	4.00	2.99	2.21	2.26	2.97	3.24	2.89	1.91	2.42
Noncontrolling Interest Sharing Ratio	0.02%	0.02%	40.54%	41.14%	0.14%	0.17%	0.15%	0.13%	0.07%	0.00%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.51	2.51	2.15	1.77	2.06	1.48	1.61	1.48	1.27	1.16	1.23
Quick Ratio	1.58	1.66	0.88	1.08	1.26	0.90	0.99	0.83	0.65	0.63	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-128	38	363	-384	-121	158	9.25	44	46	-157	392
Operating Cash Flow to CapEx	-244.27%	215.22%	116.46%	122.53%	3.35%	238.26%	869.23%	240.16%	264.73%	237.93%	0.00%
Free Cash Flow to Firm to Interest Expense	-58.26	15.87	181.46	-174.45	-40.22	25.55	3.19	31.15	24.44	-8.64	27.83
Operating Cash Flow to Interest Expense	-35.86	58.92	70.75	52.91	0.70	11.45	77.93	106.36	81.37	6.82	3.61
Operating Cash Flow Less CapEx to Interest Expense	-50.55	31.54	10.00	9.73	-20.20	6.65	68.97	62.07	50.63	3.96	32.26
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.95	1.00	0.91	0.89	0.76	0.64	0.83	0.90	0.90	0.90	0.86
Accounts Receivable Turnover	8.58	8.81	0.00	0.00	6.07	5.24	5.92	5.90	6.20	6.39	6.21
Inventory Turnover	2.88	2.94	0.00	0.00	2.39	2.33	2.78	2.55	2.36	2.79	2.68
Fixed Asset Turnover	3.81	3.82	3.16	2.92	2.58	2.29	3.06	3.28	3.08	3.16	4.41
Accounts Payable Turnover	5.35	5.83	4.38	3.96	4.07	4.31	5.10	4.72	4.56	4.86	4.58
Days Sales Outstanding (DSO)	42.56	41.44	0.00	0.00	60.12	69.60	61.71	61.84	58.89	57.08	58.81
Days Inventory Outstanding (DIO)	126.60	124.06	0.00	0.00	152.91	156.84	131.39	142.93	154.96	130.60	136.31
Days Payable Outstanding (DPO)	68.23	62.60	83.36	92.24	89.77	84.65	71.59	77.33	80.08	75.10	79.77
Cash Conversion Cycle (CCC)	100.93	102.90	-83.36	-92.24	123.26	141.79	121.50	127.45	133.77	112.58	115.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	849	864	540	939	997	823	902	940	904	1,079	696
Invested Capital Turnover	2.20	2.03	2.32	2.24	1.54	1.43	1.90	1.85	1.72	1.63	1.78
Increase / (Decrease) in Invested Capital	174	15	-324	399	59	-174	79	38	-36	168	-382
Enterprise Value (EV)	745	858	1,003	722	747	735	926	1,152	924	593	826
Market Capitalization	1,155	1,302	1,395	1,055	929	1,092	1,241	1,375	1,038	461	881
Book Value per Share	$36.82	$37.54	$7.36	$36.10	$34.40	$34.39	$35.36	$35.19	$35.59	$35.47	$34.53
Tangible Book Value per Share	$33.42	$34.13	$3.93	$32.54	$30.75	$30.71	$31.72	$31.17	$30.95	$24.72	$21.78
Total Capital	1,257	1,308	1,321	1,273	1,391	1,190	1,218	1,165	1,018	1,203	831
Total Debt	0.00	0.00	0.00	0.00	211	7.30	0.00	0.00	0.00	256	81
Total Long-Term Debt	0.00	0.00	0.00	0.00	211	7.30	0.00	0.00	0.00	250	75
Net Debt	-410	-444	-392	-334	-183	-359	-317	-225	-114	132	-54
Capital Expenditures (CapEx)	32	66	122	95	63	30	26	62	58	52	-404
Debt-free, Cash-free Net Working Capital (DFCFNWC)	162	139	121	85	140	-34	60	66	29	-19	6.40
Debt-free Net Working Capital (DFNWC)	572	583	513	419	534	333	376	291	142	105	141
Net Working Capital (NWC)	572	583	513	419	534	333	376	291	142	99	136
Net Nonoperating Expense (NNE)	5.42	-51	44	-0.60	-18	-4.99	6.95	-4.69	-1.27	13	-47
Net Nonoperating Obligations (NNO)	-409	-444	-781	-334	-183	-360	-317	-225	-114	132	-54
Total Depreciation and Amortization (D&A)	70	65	68	82	91	90	91	89	94	111	106
Debt-free, Cash-free Net Working Capital to Revenue	9.70%	8.00%	7.41%	5.14%	9.41%	-2.59%	3.63%	3.88%	1.79%	-1.16%	0.40%
Debt-free Net Working Capital to Revenue	34.18%	33.50%	31.47%	25.34%	35.90%	25.59%	22.90%	17.05%	8.95%	6.47%	8.93%
Net Working Capital to Revenue	34.18%	33.50%	31.47%	25.34%	35.90%	25.59%	22.90%	17.05%	8.95%	6.08%	8.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$1.51	($0.14)	$0.44	($1.27)	($0.32)	$2.33	$2.56	$0.41	($0.07)	$2.39
Adjusted Weighted Average Basic Shares Outstanding	34.31M	35.12M	34.99M	34.82M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Adjusted Diluted Earnings per Share	$1.16	$1.47	($0.14)	$0.43	($1.27)	($0.32)	$2.27	$2.49	$0.40	($0.07)	$2.34
Adjusted Weighted Average Diluted Shares Outstanding	34.31M	35.12M	34.99M	34.82M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.44	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.31M	35.12M	34.99M	34.82M	34.19M	34.37M	34.13M	31.61M	28.24M	25.05M	18.86M
Normalized Net Operating Profit after Tax (NOPAT)	55	57	47	16	-34	-8.12	88	82	18	13	17
Normalized NOPAT Margin	3.30%	3.29%	2.87%	0.94%	-2.25%	-0.62%	5.38%	4.80%	1.15%	0.81%	1.10%
Pre Tax Income Margin	4.11%	5.05%	-0.09%	1.57%	-6.03%	-1.40%	5.46%	6.60%	1.02%	-0.08%	5.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	30.73	37.04	-1.30	10.27	-29.93	-2.00	31.76	76.14	7.11	0.81	0.99
NOPAT to Interest Expense	20.87	22.20	19.46	6.82	-20.65	-2.56	30.33	58.43	5.70	0.61	0.72
EBIT Less CapEx to Interest Expense	16.05	9.67	-62.05	-32.91	-50.83	-6.81	22.79	31.86	-23.63	-2.06	29.64
NOPAT Less CapEx to Interest Expense	6.19	-5.18	-41.29	-36.36	-41.55	-7.37	21.36	14.15	-25.04	-2.26	29.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.62%	19.89%	-422.00%	135.26%	-47.60%	-188.99%	25.56%	29.60%	204.13%	-1,189.47%	35.27%
Augmented Payout Ratio	86.17%	26.48%	-968.00%	189.74%	-128.83%	-188.99%	66.79%	182.31%	1,511.57%	-4,873.68%	504.23%

This table displays calculated financial ratios and metrics derived from Scholastic's official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026	5/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	26,686,499.00	25,138,758.00	25,441,693.00	21,742,376.00	21,742,376.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	26,686,499.00	25,138,758.00	25,441,693.00	21,742,376.00	21,742,376.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.58	-2.83	2.20	2.87	0.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.30%	-0.37%	-10.11%	3.81%	-3.20%	3.61%	7.03%	-4.89%	1.19%	-	-6.33%
EBITDA Growth	1.55%	-107.27%	-38.03%	17.06%	-15.47%	126.32%	14.19%	-3.30%	3.62%	-	-149.45%
EBIT Growth	0.90%	-27.54%	-48.97%	10.66%	-26.41%	31.53%	13.19%	-4.17%	8.74%	-	-226.13%
NOPAT Growth	2.60%	-25.99%	-50.89%	10.70%	-32.15%	31.52%	-52.97%	-4.18%	17.24%	-	97.77%
Net Income Growth	1.99%	-37.31%	-52.64%	15.77%	-36.54%	86.42%	-57.10%	-13.76%	14.55%	-	-38.96%
EPS Growth	15.57%	-59.65%	-46.70%	5.96%	-30.20%	85.71%	-53.72%	-28.05%	26.90%	-	-19.64%
Operating Cash Flow Growth	34.44%	72.37%	-41.75%	-9.97%	-35.10%	-191.60%	52.93%	-95.23%	2.81%	-	-15.81%
Free Cash Flow Firm Growth	284.28%	141.95%	105.56%	-223.25%	-210.15%	-736.26%	-331.49%	67.56%	433.63%	-	374.43%
Invested Capital Growth	-2.86%	-6.72%	-3.79%	18.24%	17.94%	26.42%	18.49%	0.96%	-29.34%	-	-35.44%
Revenue Q/Q Growth	146.21%	-42.46%	46.71%	-50.05%	129.60%	-38.41%	51.55%	-55.62%	144.28%	-	44.67%
EBITDA Q/Q Growth	261.59%	-109.19%	724.56%	-189.47%	264.68%	-97.14%	2,610.00%	-180.93%	265.20%	-	-134.27%
EBIT Q/Q Growth	201.71%	-134.82%	233.52%	-288.94%	183.78%	-132.39%	320.75%	-273.87%	187.46%	-	-172.46%
NOPAT Q/Q Growth	210.64%	-131.83%	246.64%	-272.93%	184.06%	-132.13%	200.71%	-483.06%	194.60%	-	281.94%
Net Income Q/Q Growth	203.64%	-134.46%	235.47%	-274.09%	178.08%	-107.38%	527.78%	-561.69%	178.62%	-	-84.96%
EPS Q/Q Growth	204.26%	-137.14%	232.97%	-282.64%	177.38%	-107.60%	530.77%	-605.36%	176.68%	-	-82.35%
Operating Cash Flow Q/Q Growth	387.93%	-88.06%	433.59%	-159.94%	269.93%	-116.85%	990.83%	-176.52%	189.49%	-	395.08%
Free Cash Flow Firm Q/Q Growth	245.52%	-62.10%	80.96%	-423.91%	50.41%	-118.90%	39.69%	50.45%	610.07%	-	23.70%
Invested Capital Q/Q Growth	0.09%	-4.56%	1.94%	21.43%	-0.16%	2.30%	-3.82%	2.78%	-30.13%	-	-9.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.39%	54.06%	59.51%	45.91%	58.02%	53.91%	59.22%	45.26%	59.06%	-	60.01%
EBITDA Margin	22.06%	-3.52%	14.99%	-26.86%	19.26%	0.89%	15.99%	-29.17%	19.72%	-	-8.44%
Operating Margin	18.01%	-10.78%	9.94%	-37.31%	13.72%	-7.13%	10.53%	-40.87%	15.04%	-	10.80%
EBIT Margin	17.97%	-10.87%	9.90%	-37.44%	13.66%	-7.19%	10.47%	-41.00%	14.68%	-	-14.09%
Profit (Net Income) Margin	13.67%	-8.19%	7.56%	-26.35%	8.96%	-1.07%	3.03%	-31.52%	10.14%	-	1.97%
Tax Burden Percent	75.76%	76.59%	75.90%	68.08%	69.71%	12.68%	31.49%	73.30%	73.65%	-	64.83%
Interest Burden Percent	100.40%	98.30%	100.64%	103.38%	94.09%	117.84%	91.92%	104.86%	93.82%	-	-21.61%
Effective Tax Rate	24.24%	0.00%	24.10%	0.00%	30.29%	0.00%	68.51%	0.00%	26.35%	-	35.17%
Return on Invested Capital (ROIC)	23.78%	-13.49%	13.00%	-41.19%	14.92%	-7.91%	5.42%	-41.84%	19.19%	-	12.47%
ROIC Less NNEP Spread (ROIC-NNEP)	23.71%	-12.15%	12.96%	-48.47%	31.68%	29.66%	-6.41%	-45.37%	41.56%	-	-49.34%
Return on Net Nonoperating Assets (RNNOA)	-4.24%	1.75%	-2.01%	-0.36%	-0.60%	1.07%	-0.08%	-9.19%	-1.00%	-	-2.25%
Return on Equity (ROE)	19.54%	-11.74%	11.00%	-41.55%	14.32%	-6.84%	5.34%	-51.03%	18.19%	-	10.22%
Cash Return on Invested Capital (CROIC)	8.63%	12.15%	5.03%	-14.08%	-16.57%	-22.68%	-15.81%	-0.18%	35.91%	-	44.21%
Operating Return on Assets (OROA)	15.28%	-9.95%	8.89%	-32.07%	11.16%	-6.22%	9.40%	-33.81%	11.80%	-	-12.12%
Return on Assets (ROA)	11.62%	-7.49%	6.79%	-22.57%	7.32%	-0.93%	2.72%	-25.99%	8.15%	-	1.70%
Return on Common Equity (ROCE)	19.53%	-11.73%	10.99%	-41.55%	14.32%	-6.84%	5.34%	-51.03%	18.19%	-	10.22%
Return on Equity Simple (ROE_SIMPLE)	5.49%	5.21%	0.00%	2.49%	-0.44%	1.98%	0.00%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	77	-24	36	-62	52	-17	17	-65	61	-18	33
NOPAT Margin	13.64%	-7.55%	7.54%	-26.12%	9.56%	-4.99%	3.31%	-28.61%	11.08%	-	7.00%
Net Nonoperating Expense Percent (NNEP)	0.07%	-1.34%	0.04%	7.28%	-16.76%	-37.57%	11.83%	3.53%	-22.37%	-	61.81%
Return On Investment Capital (ROIC_SIMPLE)	7.11%	-2.45%	-	-	4.21%	-1.38%	1.40%	-5.36%	5.06%	-2.10%	4.01%
Cost of Revenue to Revenue	41.61%	45.94%	40.49%	54.09%	41.98%	46.09%	40.78%	54.74%	40.94%	-	39.99%
SG&A Expenses to Revenue	37.88%	60.18%	44.41%	76.77%	41.30%	55.90%	44.82%	78.55%	39.47%	-	46.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	40.38%	64.84%	49.57%	83.22%	44.31%	61.03%	48.69%	86.13%	44.02%	-	49.21%
Earnings before Interest and Taxes (EBIT)	101	-35	47	-89	74	-24	53	-93	81	93	-67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	124	-11	71	-64	105	3.00	81	-66	109	117	-40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.15	1.02	0.94	0.75	0.65	0.49	0.73	0.80	-	1.17
Price to Tangible Book Value (P/TBV)	1.23	1.34	1.17	1.37	1.07	0.94	0.70	1.09	1.14	-	1.86
Price to Revenue (P/Rev)	0.70	0.70	0.65	0.56	0.47	0.39	0.28	0.40	0.46	-	0.56
Price to Earnings (P/E)	19.42	22.04	85.77	37.83	0.00	33.07	0.00	0.00	0.00	-	15.53
Dividend Yield	2.16%	2.09%	2.21%	2.51%	3.03%	3.65%	4.63%	3.12%	2.71%	-	1.98%
Earnings Yield	5.15%	4.54%	1.17%	2.64%	0.00%	3.02%	0.00%	0.00%	0.00%	-	6.44%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.16	1.02	0.95	0.78	0.71	0.55	0.79	1.19	-	1.19
Enterprise Value to Revenue (EV/Rev)	0.61	0.63	0.58	0.65	0.54	0.50	0.36	0.54	0.57	-	0.52
Enterprise Value to EBITDA (EV/EBITDA)	6.38	6.85	8.63	8.66	8.44	6.89	4.73	7.08	7.22	-	6.88
Enterprise Value to EBIT (EV/EBIT)	15.10	17.63	68.45	43.20	0.00	93.58	40.35	79.41	52.47	-	59.44
Enterprise Value to NOPAT (EV/NOPAT)	18.52	21.62	85.33	39.04	0.00	119.61	53.62	103.13	64.62	-	81.67
Enterprise Value to Operating Cash Flow (EV/OCF)	5.02	5.05	5.98	6.90	7.59	9.12	4.78	10.36	10.64	-	16.23
Enterprise Value to Free Cash Flow (EV/FCFF)	12.28	9.25	19.90	0.00	0.00	0.00	0.00	0.00	2.73	-	2.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.24	0.25	0.29	0.27	0.37	0.30	-	0.11
Long-Term Debt to Equity	0.00	0.00	0.00	0.24	0.25	0.29	0.26	0.37	0.30	-	0.10
Financial Leverage	-0.18	-0.14	-0.16	0.01	-0.02	0.04	0.01	0.20	-0.02	-	0.05
Leverage Ratio	1.68	1.67	1.62	1.86	1.87	1.90	1.84	2.13	2.10	-	2.17
Compound Leverage Factor	1.69	1.64	1.63	1.92	1.76	2.23	1.69	2.24	1.97	-	-0.47
Debt to Total Capital	0.00%	0.00%	0.00%	19.03%	20.23%	22.61%	21.30%	27.02%	22.80%	-	9.68%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	0.00%	0.00%	-	0.66%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	19.03%	20.23%	22.61%	20.79%	27.02%	22.80%	-	9.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	80.97%	79.77%	77.39%	78.70%	72.98%	77.20%	-	90.32%
Debt to EBITDA	0.00	0.00	0.00	1.87	2.48	2.38	2.04	2.63	2.16	-	0.67
Net Debt to EBITDA	0.00	0.00	0.00	1.17	1.09	1.56	1.05	1.87	1.38	-	-0.45
Long-Term Debt to EBITDA	0.00	0.00	0.00	1.87	2.48	2.38	1.99	2.63	2.16	-	0.63
Debt to NOPAT	0.00	0.00	0.00	8.44	-238.10	41.35	23.16	38.37	19.35	-	7.96
Net Debt to NOPAT	0.00	0.00	0.00	5.28	-105.14	27.11	11.95	27.24	12.36	-	-5.38
Long-Term Debt to NOPAT	0.00	0.00	0.00	8.44	-238.10	41.35	22.60	38.37	19.35	-	7.41
Altman Z-Score	2.91	2.74	2.96	1.94	2.10	1.93	1.98	1.75	2.32	-	2.26
Noncontrolling Interest Sharing Ratio	0.07%	0.07%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.32	1.20	1.27	1.14	1.24	1.23	1.16	1.16	1.67	-	1.23
Quick Ratio	0.72	0.60	0.65	0.45	0.66	0.57	0.63	0.45	0.58	-	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	104	39	71	-231	-115	-251	-151	-75	383	336	416
Operating Cash Flow to CapEx	741.22%	89.12%	478.77%	-209.50%	653.21%	-133.33%	869.11%	-818.00%	732.00%	-	600.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	16.61	-77.12	-26.07	-58.40	-23.30	-16.68	76.55	-	109.37
Operating Cash Flow to Interest Expense	0.00	0.00	16.26	-13.97	16.18	-2.79	16.45	-18.18	14.64	-	23.68
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	12.86	-20.63	13.70	-4.88	14.55	-20.40	12.64	-	19.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.91	0.90	0.86	0.82	0.87	0.90	0.82	0.80	-	0.86
Accounts Receivable Turnover	5.00	6.38	6.20	7.93	5.23	6.26	6.39	8.32	5.50	-	6.21
Inventory Turnover	2.18	2.26	2.36	2.12	2.39	2.54	2.79	2.26	2.48	-	2.68
Fixed Asset Turnover	3.18	3.21	3.08	3.05	3.02	3.09	3.16	3.11	4.59	-	4.41
Accounts Payable Turnover	4.01	5.15	4.56	4.00	4.41	5.42	4.86	3.97	4.58	-	4.58
Days Sales Outstanding (DSO)	73.00	57.17	58.89	46.01	69.84	58.33	57.08	43.89	66.39	-	58.81
Days Inventory Outstanding (DIO)	167.10	161.79	154.96	172.15	152.79	143.47	130.60	161.67	147.00	-	136.31
Days Payable Outstanding (DPO)	91.03	70.81	80.08	91.25	82.82	67.32	75.10	91.97	79.78	-	79.77
Cash Conversion Cycle (CCC)	149.07	148.14	133.77	126.91	139.82	134.49	112.58	113.59	133.62	-	115.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	930	887	904	1,098	1,096	1,122	1,079	1,109	775	767	696
Invested Capital Turnover	1.74	1.79	1.72	1.58	1.56	1.59	1.63	1.46	1.73	-	1.78
Increase / (Decrease) in Invested Capital	-27	-64	-36	169	167	234	168	11	-322	-354	-382
Enterprise Value (EV)	1,000	1,033	924	1,041	853	795	593	873	918	-	826
Market Capitalization	1,149	1,144	1,038	900	742	615	461	643	743	-	881
Book Value per Share	$34.79	$33.39	$35.59	$33.90	$35.09	$33.50	$35.47	$35.05	$37.04	$34.27	$34.53
Tangible Book Value per Share	$30.04	$28.48	$30.95	$23.31	$24.74	$23.41	$24.72	$23.62	$25.83	$23.19	$21.78
Total Capital	1,079	998	1,018	1,182	1,236	1,216	1,203	1,203	1,206	872	831
Total Debt	0.00	0.00	0.00	225	250	275	256	325	275	0.00	81
Total Long-Term Debt	0.00	0.00	0.00	225	250	275	250	325	275	0.00	75
Net Debt	-150	-110	-114	141	110	180	132	231	176	-105	-54
Capital Expenditures (CapEx)	15	15	15	20	11	9.00	12	10	10	13	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	54	9.80	29	2.60	16	46	-19	4.50	356	9.60	6.40
Debt-free Net Working Capital (DFNWC)	204	120	142	87	156	140	105	99	455	114	141
Net Working Capital (NWC)	204	120	142	87	156	140	99	99	455	114	136
Net Nonoperating Expense (NNE)	-0.15	2.07	-0.08	0.55	3.28	-13	1.45	6.56	5.16	-81	24
Net Nonoperating Obligations (NNO)	-150	-110	-114	141	110	180	132	231	-157	-105	-54
Total Depreciation and Amortization (D&A)	23	24	24	25	31	27	28	27	28	25	27
Debt-free, Cash-free Net Working Capital to Revenue	3.31%	0.60%	1.79%	0.16%	1.02%	2.86%	-1.16%	0.28%	21.95%	-	0.40%
Debt-free Net Working Capital to Revenue	12.40%	7.32%	8.95%	5.42%	9.85%	8.81%	6.47%	6.12%	28.08%	-	8.93%
Net Working Capital to Revenue	12.40%	7.32%	8.95%	5.42%	9.85%	8.81%	6.08%	6.12%	28.08%	-	8.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.51	($0.91)	$1.16	($2.21)	$1.73	($0.13)	$0.54	($2.83)	$2.21	$2.61	$0.40
Adjusted Weighted Average Basic Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Adjusted Diluted Earnings per Share	$2.45	($0.91)	$1.21	($2.21)	$1.71	($0.13)	$0.56	($2.83)	$2.17	$2.55	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.88M	28.61M	28.24M	28.14M	28.10M	26.69M	25.05M	25.14M	25.44M	21.74M	18.86M
Normalized Net Operating Profit after Tax (NOPAT)	77	-24	36	-62	52	-17	37	-64	67	-18	34
Normalized NOPAT Margin	13.64%	-7.44%	7.54%	-26.12%	9.58%	-4.93%	7.37%	-28.36%	12.23%	-	7.20%
Pre Tax Income Margin	18.04%	-10.69%	9.96%	-38.70%	12.85%	-8.47%	9.62%	-43.00%	13.77%	-	3.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	10.93	-29.60	16.91	-5.60	8.18	-20.56	16.18	-	-17.66
NOPAT to Interest Expense	0.00	0.00	8.33	-20.65	11.84	-3.89	2.59	-14.34	12.21	-	8.77
EBIT Less CapEx to Interest Expense	0.00	0.00	7.53	-36.27	14.43	-7.70	6.29	-22.78	14.18	-	-21.61
NOPAT Less CapEx to Interest Expense	0.00	0.00	4.94	-27.32	9.36	-5.98	0.70	-16.56	10.21	-	4.82
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	44.59%	49.23%	204.13%	100.42%	-539.53%	122.58%	-1,189.47%	-210.48%	-635.29%	-	35.27%
Augmented Payout Ratio	369.93%	432.31%	1,511.57%	635.29%	-2,353.49%	419.35%	-4,873.68%	-829.52%	-2,400.00%	-	504.23%

Financials Breakdown Chart

Key Financial Trends

Scholastic’s financial results show a meaningful recovery in fiscal 2026, although the business remains highly seasonal and some of the latest reported figures require caution. Revenue reached $476.1 million in Q4 2026, up from $508.3 million in Q4 2025 but broadly consistent with prior fourth-quarter results. Gross profit was $285.7 million, producing a gross margin of approximately 60.0%.

Profitability improved sharply from the first quarter loss of $71.1 million. Scholastic reported net income of $55.9 million in Q2, $62.5 million in Q3 and $9.4 million in Q4 2026. However, Q4 earnings were affected by a large reported other expense, and the supplied Q4 income statement contains an apparent reconciliation inconsistency between other income, total other expense and pretax income. Investors should verify the company’s filed annual results before relying on the Q4 figure.

Operating recovery: Operating income improved from a $92.2 million loss in Q1 2026 to $82.9 million of income in Q2, then to a $26.9 million loss in Q3 and $51.4 million of income in Q4. This reflects the company’s strong seasonal earnings pattern and a significant improvement from the comparable Q3 2025 operating loss of $23.9 million.
Strong annual operating cash flow: Operating cash flow was positive in Q2, Q3 and Q4 2026 at $73.2 million, negative $30.5 million and $90.0 million, respectively. The $90.0 million Q4 inflow was particularly strong and exceeded reported net income by a wide margin.
Debt reduction: Scholastic repaid $160.3 million of debt in Q4 2026 and $275.2 million in Q3. The Q3 balance sheet showed no long-term debt, compared with $325.0 million at Q1 2026 and $275.0 million at Q2, indicating a substantial reduction in financial leverage.
Lower interest burden: Quarterly interest expense declined from $6.5 million in Q4 2024 and $5.0 million in Q2 2026 to $3.8 million in Q4 2026. Continued debt repayment could provide additional earnings support if operating performance remains stable.
Share count reduction: Weighted-average basic shares fell to 18.9 million in Q4 2026 from 25.0 million in Q4 2025 and 28.2 million in Q4 2024. The company spent $138.7 million on share repurchases in Q4 2026, which can materially increase per-share earnings when repurchases are made at attractive valuations.
Improved liquidity relative to the prior quarter: Cash increased to $104.6 million at the end of Q3 2026 from $99.3 million at Q2, despite significant debt repayments and share repurchases. Total liabilities also declined to $908.9 million from $1.06 billion at Q2.
Seasonality remains significant: Scholastic typically reports losses or weak results in Q1, followed by stronger earnings in Q2 through Q4. The 2026 pattern—an $ 71.1 million Q1 loss followed by profitable Q2 and Q3 results—shows that quarterly comparisons can be misleading without considering the school-year cycle.
Working capital fluctuates considerably: Accounts receivable declined from $296.5 million at Q2 2026 to $248.3 million at Q3, while inventory declined from $290.7 million to $282.5 million. These changes helped support cash generation, but they may reflect normal seasonal movements rather than a permanent improvement.
Revenue has not established a clear growth trend: Q4 revenue declined to $476.1 million from $508.3 million a year earlier, while Q2 revenue declined to $551.1 million from $562.6 million in Q2 2024. The company’s revenue remains below the $587.9 million reported in Q2 2023, suggesting ongoing pressure on top-line growth.
Capital allocation was aggressive: Q4 2026 financing cash flow was negative $59.1 million after $160.3 million of debt repayment, $138.7 million of share repurchases and $4.6 million of dividends. Although debt reduction is favorable, large repurchases and dividends reduce cash available to absorb weaker seasonal results or fund new investments.

Overall, the statements point to improved cash generation, lower leverage and a much smaller share count, all of which may support SCHL if operating performance holds up. The main risks are stagnant revenue, pronounced seasonality, reliance on working-capital movements to support cash flow and the unusually large Q4 other-expense figure. Investors should also account for the restated historical statements in the supplied data when comparing prior periods.

08/04/26 03:15 AM ETAI Generated. May Contain Errors.

Scholastic Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Scholastic's financial year ends in May. Their financial year 2026 ended on May 31, 2026.

Scholastic's net income were at $56.70 million at the end of 2026, a 3,084.2% decrease from 2025, and a 40.0% increase since 2016. View Scholastic's forecast to see where analysts expect Scholastic to go next.

Scholastic's total operating income in 2026 was $15.20 million, based on the following breakdown:

Total Gross Profit: $892.10 million
Total Operating Expenses: $876.90 million

Over the last 10 years, Scholastic's total revenue changed from $1.67 billion in 2016 to $1.58 billion in 2026, a change of -5.4%.

Scholastic's total liabilities were at $977.30 million at the end of 2026, a 2.6% decrease from 2025, and a 114.6% increase since 2016.

In the past 10 years, Scholastic's cash and equivalents has ranged from $113.70 million in 2024 to $444.10 million in 2017, and is currently $134.90 million as of their latest financial filing in 2026.

Over the last 10 years, Scholastic's book value per share changed from 36.82 in 2016 to 34.53 in 2026, a change of -6.2%.

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Financial statements for NASDAQ:SCHL last updated on 7/24/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Scholastic (SCHL) Financials

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