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McGraw Hill (MH) Financials

McGraw Hill logo
$12.53 -0.20 (-1.59%)
Closing price 03:59 PM Eastern
Extended Trading
$12.50 -0.02 (-0.18%)
As of 04:10 PM Eastern
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Annual Income Statements for McGraw Hill

Annual Income Statements for McGraw Hill

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

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -193 -86 35
Consolidated Net Income / (Loss)		 -193 -86 35
Net Income / (Loss) Continuing Operations		 -193 -86 35
Total Pre-Tax Income 		-168 11 44
Total Operating Income		 155 307 277
Total Gross Profit		 1,540 1,679 1,702
Total Revenue		 1,960 2,101 2,103
Operating Revenue		 1,960 2,101 2,103
Total Cost of Revenue		 420 422 401
Operating Cost of Revenue		 420 422 401
Total Operating Expenses		 1,385 1,372 1,425
Depreciation Expense		 53 67 82
Amortization Expense		 255 239 224
Other Operating Expenses / (Income)		 1,027 1,066 1,080
Impairment Charge		 50 0.00 39
Total Other Income / (Expense), net		 -323 -296 -233
Interest Expense		 -3.42 2.72 26
Interest & Investment Income		 -326 -293 -207
Income Tax Expense		 25 96 8.47
Basic Earnings per Share		 ($1.16) ($0.52) $0.19
Weighted Average Basic Shares Outstanding		 166.61M 166.61M 183.47M
Diluted Earnings per Share		 ($1.16) ($0.52) $0.19
Weighted Average Diluted Shares Outstanding		 166.61M 166.61M 183.67M
Weighted Average Basic & Diluted Shares Outstanding		 - - 191.28M

Quarterly Income Statements for McGraw Hill

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

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -9.45 133 -53 -157 0.50 105 -20 -50 58
Consolidated Net Income / (Loss)		 -9.45 133 -53 -157 0.50 105 -20 -50 58
Net Income / (Loss) Continuing Operations		 -9.45 133 -53 -157 0.50 105 -20 -50 58
Total Pre-Tax Income 		-5.10 96 -45 -36 37 84 -25 -53 69
Total Operating Income		 76 179 24 28 96 157 30 -6.36 114
Total Gross Profit		 398 535 351 395 412 530 370 389 439
Total Revenue		 523 689 416 473 536 669 434 464 550
Operating Revenue		 523 689 416 473 536 669 434 464 550
Total Cost of Revenue		 125 153 65 78 123 139 64 75 111
Operating Cost of Revenue		 125 153 65 78 123 139 64 75 111
Total Operating Expenses		 322 356 327 367 316 374 340 395 325
Depreciation Expense		 14 18 18 16 17 18 27 20 16
Amortization Expense		 61 60 59 58 57 56 55 54 54
Other Operating Expenses / (Income)		 246 278 250 293 242 299 257 282 255
Total Other Income / (Expense), net		 -81 -83 -69 -64 -59 -72 -56 -46 -46
Interest & Investment Income		 -81 -80 -69 -64 -59 -56 -47 -45 -46
Income Tax Expense		 4.35 -37 8.21 121 37 -21 -4.95 -2.47 11
Basic Earnings per Share		 ($0.06) $0.80 ($0.32) ($0.94) $0.00 $0.57 ($0.11) ($0.27) $0.30
Weighted Average Basic Shares Outstanding		 166.61M - - 166.61M 166.61M 191.00M 191.00M 183.47M 191.25M
Diluted Earnings per Share		 ($0.06) $0.80 ($0.32) ($0.94) $0.00 $0.57 ($0.11) ($0.27) $0.30
Weighted Average Diluted Shares Outstanding		 166.61M - - 166.61M 166.61M 191.00M 191.00M 183.67M 191.31M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 0.00 191.00M 191.00M 191.00M 191.28M 191.31M

Annual Cash Flow Statements for McGraw Hill

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

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 22 186 -136
Net Cash From Operating Activities		 236 646 331
Net Cash From Continuing Operating Activities		 236 646 331
Net Income / (Loss) Continuing Operations		 -193 -86 35
Consolidated Net Income / (Loss)		 -193 -86 35
Depreciation Expense		 53 67 82
Amortization Expense		 442 422 397
Non-Cash Adjustments To Reconcile Net Income		 72 19 110
Changes in Operating Assets and Liabilities, net		 -138 225 -293
Net Cash From Investing Activities		 -136 -167 -204
Net Cash From Continuing Investing Activities		 -136 -167 -204
Purchase of Property, Plant & Equipment		 -82 -71 -85
Acquisitions		 0.00 -6.00 0.00
Sale of Property, Plant & Equipment		 21 0.00 0.00
Other Investing Activities, net		 -75 -90 -119
Net Cash From Financing Activities		 -77 -295 -265
Net Cash From Continuing Financing Activities		 -77 -295 -265
Repayment of Debt		 -96 -935 -645
Repurchase of Common Equity		 0.00 0.00 -7.04
Issuance of Debt		 30 650 0.00
Issuance of Common Equity		 0.00 0.00 394
Other Financing Activities, net		 -11 -9.19 -6.72
Effect of Exchange Rate Changes		 -0.66 1.67 1.25
Cash Interest Paid		 333 275 208
Cash Income Taxes Paid		 44 47 77

Quarterly Cash Flow Statements for McGraw Hill

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

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -46 258 133 -159 -142 216 51 -261 -60
Net Cash From Operating Activities		 -2.90 415 275 -41 -97 265 309 -146 0.60
Net Cash From Continuing Operating Activities		 -2.90 415 275 -41 -97 265 309 -146 0.60
Net Income / (Loss) Continuing Operations		 -9.45 133 -53 -157 0.50 105 -20 -50 58
Consolidated Net Income / (Loss)		 -9.45 133 -53 -157 0.50 105 -20 -50 58
Depreciation Expense		 14 18 18 16 17 18 27 20 16
Amortization Expense		 125 108 94 95 117 109 85 85 117
Non-Cash Adjustments To Reconcile Net Income		 2.32 7.40 0.23 8.55 1.20 55 8.22 46 6.59
Changes in Operating Assets and Liabilities, net		 -135 149 216 -3.83 -233 -21 208 -247 -197
Net Cash From Investing Activities		 -35 -33 -36 -64 -39 -47 -51 -66 -58
Net Cash From Continuing Investing Activities		 -35 -33 -36 -64 -39 -47 -51 -66 -58
Purchase of Property, Plant & Equipment		 -16 -13 -14 -28 -16 -21 -24 -24 -24
Other Investing Activities, net		 -19 -19 -22 -30 -23 -26 -28 -42 -34
Net Cash From Financing Activities		 -8.24 -126 -106 -55 -7.38 -0.97 -207 -49 -3.15
Net Cash From Continuing Financing Activities		 -8.24 -126 -106 -55 -7.38 -0.97 -207 -49 -3.15
Repayment of Debt		 -5.31 -774 -103 -53 -3.29 -389 -203 -50 -3.29
Repurchase of Common Equity		 0.00 - - - -2.37 -2.81 -1.85 - 0.00
Other Financing Activities, net		 -2.93 -2.47 -2.31 -1.49 -1.72 -2.03 -2.17 -0.81 0.14
Effect of Exchange Rate Changes		 0.43 1.26 -0.79 0.77 0.61 -0.68 0.71 0.60 0.96
Cash Interest Paid		 54 91 28 101 22 91 11 83 9.46
Cash Income Taxes Paid		 8.05 19 6.69 14 57 14 2.81 2.75 -3.51

Annual Balance Sheets for McGraw Hill

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

Metric 2025 2026
Period end date 3/31/2025 3/31/2026
Total Assets		 5,758 5,486
Total Current Assets		 1,053 974
Cash & Equivalents		 390 254
Accounts Receivable		 338 362
Inventories, net		 174 195
Prepaid Expenses		 150 163
Plant, Property, & Equipment, net		 95 90
Total Noncurrent Assets		 4,610 4,421
Goodwill		 2,558 2,523
Intangible Assets		 1,454 1,227
Noncurrent Deferred & Refundable Income Taxes		 7.98 8.57
Other Noncurrent Operating Assets		 590 663
Total Liabilities & Shareholders' Equity		 5,758 5,486
Total Liabilities		 5,478 4,759
Total Current Liabilities		 1,330 1,267
Short-Term Debt		 13 13
Accounts Payable		 147 127
Accrued Expenses		 71 81
Current Deferred Revenue		 794 835
Current Employee Benefit Liabilities		 125 108
Other Current Liabilities		 180 101
Total Noncurrent Liabilities		 4,147 3,493
Long-Term Debt		 3,165 2,561
Noncurrent Deferred Revenue		 882 836
Noncurrent Deferred & Payable Income Tax Liabilities		 16 15
Other Noncurrent Operating Liabilities		 85 81
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 280 726
Total Preferred & Common Equity		 280 726
Total Common Equity		 280 726
Common Stock		 1,564 1,975
Retained Earnings		 -1,281 -1,246
Accumulated Other Comprehensive Income / (Loss)		 -2.43 -2.52

Quarterly Balance Sheets for McGraw Hill

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

Metric Q1 2026 Q2 2026 Q3 2026 Q1 2027
Period end date 6/30/2025 9/30/2025 12/31/2025 6/30/2026
Total Assets		 5,661 6,045 5,644 5,379
Total Current Assets		 992 1,424 1,069 888
Cash & Equivalents		 247 463 514 194
Accounts Receivable		 445 667 242 378
Inventories, net		 161 133 170 183
Prepaid Expenses		 139 161 143 133
Plant, Property, & Equipment, net		 97 97 90 93
Total Noncurrent Assets		 4,573 4,524 4,485 4,398
Goodwill		 2,558 2,558 2,558 2,523
Intangible Assets		 1,397 1,341 1,286 1,174
Noncurrent Deferred & Refundable Income Taxes		 7.12 7.04 7.14 8.55
Other Noncurrent Operating Assets		 611 618 634 693
Total Liabilities & Shareholders' Equity		 5,661 6,045 5,644 5,379
Total Liabilities		 5,378 5,251 4,869 4,590
Total Current Liabilities		 1,199 1,410 1,282 1,145
Short-Term Debt		 13 13 13 13
Accounts Payable		 117 126 113 119
Accrued Expenses		 100 109 111 101
Current Deferred Revenue		 738 967 813 733
Current Employee Benefit Liabilities		 36 66 89 34
Other Current Liabilities		 195 129 143 146
Total Noncurrent Liabilities		 4,179 3,841 3,587 3,445
Long-Term Debt		 3,165 2,797 2,606 2,561
Noncurrent Deferred Revenue		 913 947 884 789
Noncurrent Deferred & Payable Income Tax Liabilities		 15 16 16 15
Other Noncurrent Operating Liabilities		 86 82 81 79
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 283 795 775 788
Total Preferred & Common Equity		 283 795 775 788
Total Common Equity		 283 793 775 788
Common Stock		 1,564 1,969 1,971 1,980
Retained Earnings		 -1,281 -1,175 -1,196 -1,188
Accumulated Other Comprehensive Income / (Loss)		 0.09 -0.46 -0.17 -3.91

Annual Metrics And Ratios for McGraw Hill

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

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 191,001,519.00
DEI Adjusted Shares Outstanding		 0.00 0.00 191,001,519.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.18
Growth Metrics		 - - -
Revenue Growth		 0.00% 7.18% 0.07%
EBITDA Growth		 0.00% 22.34% -5.04%
EBIT Growth		 0.00% 97.56% -9.79%
NOPAT Growth		 0.00% -2,376.47% 109.02%
Net Income Growth		 0.00% 55.53% 141.15%
EPS Growth		 0.00% 55.17% 136.54%
Operating Cash Flow Growth		 0.00% 173.67% -48.76%
Free Cash Flow Firm Growth		 0.00% 0.00% 104.42%
Invested Capital Growth		 0.00% 0.00% -0.70%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 5.79%
Profitability Metrics		 - - -
Gross Margin		 78.56% 79.90% 80.92%
EBITDA Margin		 33.16% 37.85% 35.92%
Operating Margin		 7.92% 14.60% 13.16%
EBIT Margin		 7.92% 14.60% 13.16%
Profit (Net Income) Margin		 -9.85% -4.09% 1.68%
Tax Burden Percent		 115.08% -806.61% 80.66%
Interest Burden Percent		 -108.00% 3.47% 15.82%
Effective Tax Rate		 0.00% 906.61% 19.34%
Return on Invested Capital (ROIC)		 0.00% -161.32% 7.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 10.06% -0.06%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 100.06% -0.28%
Return on Equity (ROE)		 0.00% -61.26% 7.02%
Cash Return on Invested Capital (CROIC)		 0.00% -361.32% 8.01%
Operating Return on Assets (OROA)		 0.00% 5.33% 4.92%
Return on Assets (ROA)		 0.00% -1.49% 0.63%
Return on Common Equity (ROCE)		 0.00% -61.26% 7.02%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 109 -2,475 223
NOPAT Margin		 5.55% -117.77% 10.62%
Net Nonoperating Expense Percent (NNEP)		 0.00% -171.38% 7.36%
Return On Investment Capital (ROIC_SIMPLE)		 - -71.57% 6.77%
Cost of Revenue to Revenue		 21.44% 20.10% 19.08%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 70.64% 65.30% 67.76%
Earnings before Interest and Taxes (EBIT)		 155 307 277
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 650 795 755
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 1.48 3.46
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.21 0.20 1.20
Price to Earnings (P/E)		 0.00 0.00 71.24
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 1.40%
Enterprise Value to Invested Capital (EV/IC)		 0.00 1.04 1.59
Enterprise Value to Revenue (EV/Rev)		 0.00 1.52 2.30
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 4.03 6.40
Enterprise Value to EBIT (EV/EBIT)		 0.00 10.44 17.47
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 21.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 4.96 14.60
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 19.76
Leverage & Solvency		 - - -
Debt to Equity		 0.00 11.34 3.54
Long-Term Debt to Equity		 0.00 11.29 3.53
Financial Leverage		 0.00 9.95 5.08
Leverage Ratio		 0.00 20.55 11.17
Compound Leverage Factor		 0.00 0.71 1.77
Debt to Total Capital		 0.00% 91.90% 77.99%
Short-Term Debt to Total Capital		 0.00% 0.38% 0.40%
Long-Term Debt to Total Capital		 0.00% 91.51% 77.59%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 8.10% 22.01%
Debt to EBITDA		 0.00 4.00 3.41
Net Debt to EBITDA		 0.00 3.51 3.07
Long-Term Debt to EBITDA		 0.00 3.98 3.39
Debt to NOPAT		 0.00 -1.28 11.53
Net Debt to NOPAT		 0.00 -1.13 10.39
Long-Term Debt to NOPAT		 0.00 -1.28 11.47
Altman Z-Score		 0.00 0.22 0.49
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 0.00 0.79 0.77
Quick Ratio		 0.00 0.55 0.49
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -5,543 245
Operating Cash Flow to CapEx		 384.29% 909.47% 390.25%
Free Cash Flow to Firm to Interest Expense		 0.00 -2,038.57 9.50
Operating Cash Flow to Interest Expense		 0.00 237.69 12.85
Operating Cash Flow Less CapEx to Interest Expense		 0.00 211.56 9.56
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.37 0.37
Accounts Receivable Turnover		 0.00 6.21 6.00
Inventory Turnover		 0.00 2.43 2.17
Fixed Asset Turnover		 0.00 22.07 22.66
Accounts Payable Turnover		 0.00 2.88 2.93
Days Sales Outstanding (DSO)		 0.00 58.79 60.83
Days Inventory Outstanding (DIO)		 0.00 150.41 167.90
Days Payable Outstanding (DPO)		 0.00 126.83 124.40
Cash Conversion Cycle (CCC)		 0.00 82.36 104.32
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 3,068 3,047
Invested Capital Turnover		 0.00 1.37 0.69
Increase / (Decrease) in Invested Capital		 0.00 3,068 -22
Enterprise Value (EV)		 0.00 3,203 4,837
Market Capitalization		 415 415 2,516
Book Value per Share		 $0.00 $1.68 $3.80
Tangible Book Value per Share		 $0.00 ($22.40) ($15.83)
Total Capital		 0.00 3,458 3,300
Total Debt		 0.00 3,178 2,574
Total Long-Term Debt		 0.00 3,165 2,561
Net Debt		 0.00 2,788 2,320
Capital Expenditures (CapEx)		 61 71 85
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -654 -533
Debt-free Net Working Capital (DFNWC)		 0.00 -265 -280
Net Working Capital (NWC)		 0.00 -278 -293
Net Nonoperating Expense (NNE)		 302 -2,389 188
Net Nonoperating Obligations (NNO)		 0.00 2,788 2,320
Total Depreciation and Amortization (D&A)		 495 489 478
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -31.14% -25.36%
Debt-free Net Working Capital to Revenue		 0.00% -12.59% -13.30%
Net Working Capital to Revenue		 0.00% -13.22% -13.93%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.19
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 183.47M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.19
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 183.67M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 191.28M
Normalized Net Operating Profit after Tax (NOPAT)		 143 215 255
Normalized NOPAT Margin		 7.31% 10.22% 12.11%
Pre Tax Income Margin		 -8.56% 0.51% 2.08%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 112.84 10.74
NOPAT to Interest Expense		 0.00 -910.16 8.66
EBIT Less CapEx to Interest Expense		 0.00 86.70 7.45
NOPAT Less CapEx to Interest Expense		 0.00 -936.29 5.37
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 19.92%

Quarterly Metrics And Ratios for McGraw Hill

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

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - 0.00 - - - 191,001,519.00 191,276,168.00
DEI Adjusted Shares Outstanding		 - - - 0.00 - - - 191,001,519.00 191,276,168.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 0.00 - - - -0.26 0.30
Growth Metrics		 - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 2.44% -2.82% 4.24% -2.02% 2.65%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% 7.18% -7.26% 5.01% -29.03% 7.39%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% 26.98% -12.60% 25.80% -122.91% 18.77%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -97.57% -21.19% 25.80% -122.91% 7,382.75%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% 105.31% -21.08% 61.84% 67.96% 11,425.90%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 100.00% -28.75% 65.63% 71.28% 0.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -3,238.58% -36.20% 12.35% -254.80% 100.62%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 104.41%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.70% -1.41%
Revenue Q/Q Growth		 0.00% 31.67% -39.52% 13.63% 0.00% 24.92% -35.12% 6.81% 18.58%
EBITDA Q/Q Growth		 0.00% 41.65% -55.32% 1.79% 0.00% 22.58% -49.41% -31.21% 151.72%
EBIT Q/Q Growth		 0.00% 136.34% -86.51% 14.96% 0.00% 62.67% -80.58% -120.93% 1,896.32%
NOPAT Q/Q Growth		 0.00% 368.04% -93.19% 14.96% 0.00% 15,069.87% -89.13% -120.93% 2,267.19%
Net Income Q/Q Growth		 0.00% 1,512.12% -139.68% -196.38% 0.00% 20,872.91% -119.19% -148.86% 215.11%
EPS Q/Q Growth		 0.00% 1,433.33% -140.00% -193.75% 0.00% 0.00% -119.30% -145.45% 211.11%
Operating Cash Flow Q/Q Growth		 0.00% 14,447.43% -33.79% -114.98% 0.00% 374.16% 16.60% -147.29% 100.41%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 8.32% 2.97% 100.60% 728.31%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -2.27% -8.33% 5.79% 4.03%
Profitability Metrics		 - - - - - - - - -
Gross Margin		 76.04% 77.73% 84.33% 83.44% 76.97% 79.22% 85.29% 83.86% 79.87%
EBITDA Margin		 41.18% 44.30% 32.72% 29.31% 43.08% 42.28% 32.97% 21.23% 45.07%
Operating Margin		 14.49% 26.01% 5.80% 5.87% 17.96% 23.39% 7.00% -1.37% 20.78%
EBIT Margin		 14.49% 26.01% 5.80% 5.87% 17.96% 23.39% 7.00% -1.37% 20.78%
Profit (Net Income) Margin		 -1.81% 19.37% -12.71% -33.15% 0.09% 15.73% -4.65% -10.84% 10.52%
Tax Burden Percent		 185.38% 138.63% 118.36% 438.48% 1.34% 125.00% 80.32% 95.31% 84.45%
Interest Burden Percent		 -6.72% 53.73% -185.10% -128.82% 38.92% 53.81% -82.75% 828.95% 59.95%
Effective Tax Rate		 0.00% -38.63% 0.00% 0.00% 98.66% -25.00% 0.00% 0.00% 15.55%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 2.81% 0.00% 0.00% 0.00% -0.66% 11.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -3.51% 0.00% 0.00% 0.00% -2.45% 10.19%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -34.93% 0.00% 0.00% 0.00% -12.46% 50.49%
Return on Equity (ROE)		 0.00% 0.00% 0.00% -32.11% 0.00% 0.00% 0.00% -13.12% 62.13%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -180.66% 0.00% 0.00% 0.00% 8.01% 12.86%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 2.14% 0.00% 0.00% 0.00% -0.51% 7.97%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -12.10% 0.00% 0.00% 0.00% -4.05% 4.04%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% -32.11% 0.00% 0.00% 0.00% -13.12% 62.13%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 53 248 17 19 1.29 196 21 -4.45 97
NOPAT Margin		 10.14% 36.06% 4.06% 4.11% 0.24% 29.24% 4.90% -0.96% 17.55%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 6.32% 0.05% 7.70% 3.94% 1.79% 1.46%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.56% 0.04% 5.43% 0.63% -0.13% 2.87%
Cost of Revenue to Revenue		 23.96% 22.27% 15.67% 16.56% 23.03% 20.78% 14.71% 16.14% 20.13%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 61.55% 51.72% 78.53% 77.57% 59.01% 55.83% 78.29% 85.23% 59.09%
Earnings before Interest and Taxes (EBIT)		 76 179 24 28 96 157 30 -6.36 114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 215 305 136 139 231 283 143 98 248
Valuation Ratios		 - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.48 1.46 3.02 4.06 3.46 2.30
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.20 0.00 0.00 0.00 1.20 0.86
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 71.24 19.55
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.40% 5.12%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 1.04 1.04 1.51 1.83 1.59 1.32
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 1.52 0.00 0.00 0.00 2.30 1.98
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 4.03 0.00 0.00 0.00 6.40 5.43
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 10.44 0.00 0.00 0.00 17.47 14.22
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.66 11.48
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 4.96 0.00 0.00 0.00 14.60 9.79
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19.76 10.22
Leverage & Solvency		 - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 11.34 11.22 3.54 3.38 3.54 3.27
Long-Term Debt to Equity		 0.00 0.00 0.00 11.29 11.17 3.52 3.36 3.53 3.25
Financial Leverage		 0.00 0.00 0.00 9.95 10.35 2.95 2.71 5.08 4.96
Leverage Ratio		 0.00 0.00 0.00 20.55 19.99 7.61 7.28 11.17 10.30
Compound Leverage Factor		 0.00 0.00 0.00 -26.47 7.78 4.09 -6.02 92.60 6.18
Debt to Total Capital		 0.00% 0.00% 0.00% 91.90% 91.82% 77.96% 77.16% 77.99% 76.56%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.38% 0.38% 0.37% 0.39% 0.40% 0.39%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 91.51% 91.44% 77.59% 76.77% 77.59% 76.16%
Preferred Equity to Total Capital		 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%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 8.10% 8.18% 21.99% 22.84% 22.01% 23.44%
Debt to EBITDA		 0.00 0.00 0.00 4.00 0.00 0.00 0.00 3.41 3.33
Net Debt to EBITDA		 0.00 0.00 0.00 3.51 0.00 0.00 0.00 3.07 3.08
Long-Term Debt to EBITDA		 0.00 0.00 0.00 3.98 0.00 0.00 0.00 3.39 3.32
Debt to NOPAT		 0.00 0.00 0.00 -1.28 0.00 0.00 0.00 11.53 7.05
Net Debt to NOPAT		 0.00 0.00 0.00 -1.13 0.00 0.00 0.00 10.39 6.52
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -1.28 0.00 0.00 0.00 11.47 7.02
Altman Z-Score		 0.00 0.00 0.00 0.06 -0.26 0.09 0.06 0.31 0.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - -
Current Ratio		 0.00 0.00 0.00 0.79 0.83 1.01 0.83 0.77 0.78
Quick Ratio		 0.00 0.00 0.00 0.55 0.58 0.80 0.59 0.49 0.50
Cash Flow Metrics		 - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -3,213 -2,946 -2,858 17 142
Operating Cash Flow to CapEx		 -18.19% 3,167.29% 2,023.89% -144.81% -593.58% 1,250.21% 1,311.35% -613.37% 2.51%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -180.05 -349.32 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 152.76 0.00 0.00 0.00 16.20 37.76 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 147.94 0.00 0.00 0.00 14.90 34.88 0.00 0.00
Efficiency Ratios		 - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.37 0.00 0.00 0.00 0.37 0.38
Accounts Receivable Turnover		 0.00 0.00 0.00 6.21 0.00 0.00 0.00 6.00 5.15
Inventory Turnover		 0.00 0.00 0.00 2.43 0.00 0.00 0.00 2.17 2.26
Fixed Asset Turnover		 0.00 0.00 0.00 22.07 0.00 0.00 0.00 22.66 22.39
Accounts Payable Turnover		 0.00 0.00 0.00 2.88 0.00 0.00 0.00 2.93 3.29
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 58.79 0.00 0.00 0.00 60.83 70.91
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 150.41 0.00 0.00 0.00 167.90 161.58
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 126.83 0.00 0.00 0.00 124.40 110.82
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 82.36 0.00 0.00 0.00 104.32 121.68
Capital & Investment Metrics		 - - - - - - - - -
Invested Capital		 0.00 0.00 0.00 3,068 3,214 3,142 2,880 3,047 3,169
Invested Capital Turnover		 0.00 0.00 0.00 0.68 0.00 0.00 0.00 0.69 0.66
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 3,214 3,142 2,880 -22 -45
Enterprise Value (EV)		 0.00 0.00 0.00 3,203 3,346 4,744 5,256 4,837 4,192
Market Capitalization		 415 415 415 415 415 2,397 3,152 2,516 1,812
Book Value per Share		 $0.00 $0.00 $0.00 $1.68 $1.70 $4.15 $4.06 $3.80 $4.12
Tangible Book Value per Share		 $0.00 $0.00 $0.00 ($22.40) ($22.04) ($16.26) ($16.06) ($15.83) ($15.20)
Total Capital		 0.00 0.00 0.00 3,458 3,462 3,605 3,394 3,300 3,363
Total Debt		 0.00 0.00 0.00 3,178 3,179 2,810 2,619 2,574 2,574
Total Long-Term Debt		 0.00 0.00 0.00 3,165 3,165 2,797 2,606 2,561 2,561
Net Debt		 0.00 0.00 0.00 2,788 2,931 2,347 2,104 2,320 2,381
Capital Expenditures (CapEx)		 16 13 14 28 16 21 24 24 24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -654 -441 -435 -714 -533 -438
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 -265 -194 28 -200 -280 -244
Net Working Capital (NWC)		 0.00 0.00 0.00 -278 -207 15 -213 -293 -257
Net Nonoperating Expense (NNE)		 62 115 70 176 0.79 90 41 46 39
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 2,788 2,931 2,347 2,104 2,320 2,381
Total Depreciation and Amortization (D&A)		 140 126 112 111 135 126 113 105 134
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -31.14% 0.00% 0.00% 0.00% -25.36% -20.67%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -12.59% 0.00% 0.00% 0.00% -13.30% -11.52%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% -13.22% 0.00% 0.00% 0.00% -13.93% -12.15%
Earnings Adjustments		 - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.94) $0.00 $0.57 ($0.11) ($0.27) $0.30
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 166.61M 166.61M 191.00M 191.00M 183.47M 191.25M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.94) $0.00 $0.57 ($0.11) ($0.27) $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 166.61M 166.61M 191.00M 191.00M 183.67M 191.31M
Adjusted Basic & Diluted Earnings per Share		 $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		 0.00 0.00 0.00 0.00 191.00M 191.00M 191.00M 191.28M 191.31M
Normalized Net Operating Profit after Tax (NOPAT)		 53 125 17 19 67 110 21 -4.45 97
Normalized NOPAT Margin		 10.14% 18.21% 4.06% 4.11% 12.57% 16.37% 4.90% -0.96% 17.55%
Pre Tax Income Margin		 -0.97% 13.98% -10.74% -7.56% 6.99% 12.59% -5.79% -11.37% 12.46%
Debt Service Ratios		 - - - - - - - - -
EBIT to Interest Expense		 0.00 65.87 0.00 0.00 0.00 9.57 3.71 0.00 0.00
NOPAT to Interest Expense		 0.00 91.31 0.00 0.00 0.00 11.96 2.60 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 61.05 0.00 0.00 0.00 8.27 0.83 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 86.49 0.00 0.00 0.00 10.66 -0.28 0.00 0.00
Payout Ratios		 - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 19.92% 5.03%

Financials Breakdown Chart

Key Financial Trends

McGraw Hill’s Q1 2027 results show a meaningful improvement in profitability, although liquidity and leverage remain important risks. Revenue increased to $549.9 million from $535.7 million in Q1 2026 and $463.7 million in Q4 2026. Gross profit rose to $439.2 million, lifting the gross margin to approximately 79.9%, compared with 76.9% a year earlier.

Operating performance also improved. Operating income reached $114.3 million, compared with $96.2 million in Q1 2026 and a $6.4 million operating loss in Q4 2026. The operating margin expanded to roughly 20.8%. Net income was $57.9 million, or $0.30 per diluted share, reversing losses of $50.3 million, or $0.27 per share, in Q4 2026.

Cash generation improved sharply from the immediately preceding quarter but remains thin relative to reported earnings. Operating cash flow was only $601,000 in Q1 2027, compared with negative operating cash flow of $146.1 million in Q4 2026 and $96.7 million in Q1 2026. A $197.4 million use of cash from operating assets and liabilities largely offset net income and noncash depreciation and amortization adjustments.

The balance sheet presents a mixed picture. Cash declined to $193.6 million from $247.3 million in Q1 2026, while total liabilities were $4.59 billion against $788.4 million of equity. Goodwill and intangible assets totaled approximately $3.70 billion, or nearly 69% of total assets, leaving the company exposed to potential impairment charges. Current liabilities also exceeded current assets, producing a current ratio of approximately 0.78.

  • Revenue growth: Q1 2027 revenue increased approximately 2.6% year over year and 18.6% from Q4 2026.
  • Improved profitability: Operating income rose 18.8% year over year, while net income rebounded from losses in Q4 2026 and Q3 2026.
  • Stronger margins: Gross margin improved to approximately 79.9% from 76.9% in Q1 2026, and the operating margin reached about 20.8%.
  • Reduced debt balance: Short- and long-term debt totaled approximately $2.57 billion at June 30, 2026, down from about $3.18 billion at June 30, 2025.
  • Lower cash interest burden: Cash interest paid fell to $9.5 million in Q1 2027 from $22.4 million in Q1 2026 and $83.3 million in Q4 2026.
  • Deferred revenue remains substantial: Current and noncurrent deferred revenue totaled approximately $1.52 billion. This can support future revenue recognition, but it also represents services and products that remain to be delivered.
  • Weak operating cash conversion: Operating cash flow of $601,000 was far below net income of $57.9 million, with working-capital changes consuming $197.4 million.
  • Liquidity pressure: Cash declined to $193.6 million, and current liabilities of $1.15 billion exceeded current assets of $888.1 million.
  • High leverage: Total liabilities were approximately 5.8 times reported common equity, limiting financial flexibility despite recent debt reduction.
  • Asset concentration risk: Goodwill and intangible assets represented roughly 69% of total assets, increasing the potential impact of future impairment charges.
09/28/26 04:29 PM ETAI Generated. May Contain Errors.

McGraw Hill Financials - Frequently Asked Questions

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

McGraw Hill's net income appears to be on an upward trend, with a most recent value of $35.32 million in 2026, compared with -$193.02 million in 2024. The previous period was -$85.84 million in 2025. See McGraw Hill's forecast for analyst expectations on what's next for the company.

McGraw Hill's total operating income in 2026 was $276.78 million, based on the following breakdown:
  • Total Gross Profit: $1.70 billion
  • Total Operating Expenses: $1.42 billion

Over the last 2 years, McGraw Hill's total revenue changed from $1.96 billion in 2024 to $2.10 billion in 2026, a change of 7.3%.

In the past 4 quarters, McGraw Hill's cash and equivalents has ranged from $193.64 million in Q1 2027 to $514.39 million in Q3 2026, and is currently $193.64 million as of their latest financial filing in Q1 2027.

McGraw Hill had total debt of $2.57 billion at the end of 2026, a 19.0% decrease from 2025, and none in 2024.

Over the last 2 years, McGraw Hill's book value per share changed from 0.00 in 2024 to 3.80 in 2026, a change of 380.2%.


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Financial statements for NYSE:MH last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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