Financials · MH
For the twelve months ended Sep 30, 2026, McGraw Hill Inc. reported $2.08B of revenue and $73.77M of net income.
MH revenue was $632.21M in fiscal Q2 2027 (ended Sep 30, 2026), down 5.5% from a year earlier and up 15.0% from the prior quarter. For the full fiscal 2026 it was $2.10B, up 0.1% from fiscal 2025.
MH net income was $86.38M in fiscal Q2 2027 (ended Sep 30, 2026), down 18.0% from a year earlier and up 49.3% from the prior quarter. For the full fiscal 2026 it was $35.32M, compared with -$85.84M in fiscal 2025.
MH diluted EPS was $0.45 in fiscal Q2 2027 (ended Sep 30, 2026), down 21.1% from a year earlier and up 50.0% from the prior quarter. For the full fiscal 2026 it was $0.19, compared with -$0.52 in fiscal 2025.
MH free cash flow was $164.09M in fiscal Q2 2027 (ended Sep 30, 2026), down 32.7% from a year earlier. For the full fiscal 2026 it was $246.31M, down 57.2% from fiscal 2025.
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Revenue | $2.10B | $2.10B | $1.96B |
| Gross profit | $1.70B | $1.68B | $1.54B |
| Research and development | $276.25M | $284.43M | $263.42M |
| Selling, general and admin | $368.97M | $345.21M | $331.67M |
| Operating income | $276.78M | $306.81M | $155.30M |
| Pre-tax income | $43.79M | $10.64M | -$167.72M |
| Income tax | $8.47M | $96.48M | $25.29M |
| Net income | $35.32M | -$85.84M | -$193.02M |
| EPS, basic | $0.19 | -$0.52 | -$1.16 |
| EPS, diluted | $0.19 | -$0.52 | -$1.16 |
| Diluted shares | 183.7M | 166.6M | 166.6M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Cash and equivalents | $253.52M | $389.83M | $203.62M |
| Receivables | $362.48M | $338.43M | - |
| Inventory | $195.02M | $174.02M | - |
| Current assets | $973.65M | $1.05B | - |
| Goodwill | $2.52B | $2.56B | $2.56B |
| Total assets | $5.49B | $5.76B | - |
| Current liabilities | $1.27B | $1.33B | - |
| Short-term debt | $13.17M | $13.17M | - |
| Long-term debt | $2.56B | $3.16B | - |
| Total debt | $2.57B | $3.18B | - |
| Total liabilities | $4.76B | $5.48B | - |
| Shareholders' equity | $726.22M | $280.24M | $368.75M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Operating cash flow | $331.17M | $646.28M | $236.16M |
| Capital expenditures | $84.86M | $71.06M | $81.95M |
| Free cash flow | $246.31M | $575.22M | $154.20M |
| Investing cash flow | -$203.86M | -$167.06M | -$136.11M |
| Financing cash flow | -$264.87M | -$294.68M | -$77.24M |
| Stock-based compensation | $33.72M | $0 | $0 |
| Depreciation and amortization | $361.92M | $362.36M | $366.38M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Revenue growth, YoY | 0.1% | 7.2% | - |
| Gross margin | 80.9% | 79.9% | 78.6% |
| Operating margin | 13.2% | 14.6% | 7.9% |
| Net margin | 1.7% | -4.1% | -9.8% |
| Free cash flow margin | 11.7% | 27.4% | 7.9% |
| Return on equity | 4.9% | -30.6% | -52.3% |
| Return on assets | 0.6% | -1.5% | - |
| Current ratio | 0.77 | 0.79 | - |
| Debt to equity | 3.54 | 11.34 | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $632.21M | $549.90M | $463.72M | $434.16M | $669.19M | $535.71M | $473.26M | $416.49M | $688.59M | $522.95M |
| Gross profit | $500.45M | $439.20M | $388.89M | $370.32M | $530.11M | $412.33M | $394.87M | $351.24M | $535.23M | $397.66M |
| Research and development | $69.26M | $59.84M | $73.63M | $67.52M | $69.65M | $65.46M | $87.36M | $70.13M | $63.49M | $63.45M |
| Selling, general and admin | $88.66M | $86.81M | $95.48M | $86.95M | $111.15M | $75.39M | $88.85M | $81.32M | $91.02M | $84.02M |
| Operating income | $141.05M | $114.28M | -$6.36M | $30.39M | $156.53M | $96.22M | $27.77M | $24.16M | $179.10M | $75.78M |
| Pre-tax income | $93.00M | $68.51M | -$52.74M | -$25.15M | $84.22M | $37.45M | -$35.77M | -$44.72M | $96.23M | -$5.10M |
| Income tax | $6.62M | $10.65M | -$2.47M | -$4.95M | -$21.06M | $36.95M | $121.09M | $8.21M | -$37.17M | $4.35M |
| Net income | $86.38M | $57.86M | -$50.27M | -$20.20M | $105.28M | $502.0K | -$156.87M | -$52.93M | $133.40M | -$9.45M |
| EPS, basic | $0.45 | $0.30 | -$0.27 | -$0.11 | $0.57 | $0.00 | -$0.94 | -$0.32 | $0.80 | -$0.06 |
| EPS, diluted | $0.45 | $0.30 | -$0.27 | -$0.11 | $0.57 | $0.00 | -$0.94 | -$0.32 | $0.80 | -$0.06 |
| Diluted shares | 191.5M | 191.3M | - | 191.0M | 185.8M | 166.6M | - | 166.6M | 166.6M | 166.6M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $232.96M | $193.64M | $253.52M | $514.39M | $463.19M | $247.33M | $389.83M | $548.98M | $415.99M | $158.02M |
| Receivables | $644.84M | $377.88M | $362.48M | $242.33M | $666.77M | $444.69M | $338.43M | - | - | - |
| Inventory | $159.35M | $183.21M | $195.02M | $169.67M | $132.96M | $160.72M | $174.02M | - | - | - |
| Current assets | $1.21B | $888.06M | $973.65M | $1.07B | $1.42B | $991.83M | $1.05B | - | - | - |
| Goodwill | $2.54B | $2.52B | $2.52B | $2.56B | $2.56B | $2.56B | $2.56B | $2.56B | $2.56B | $2.56B |
| Total assets | $5.71B | $5.38B | $5.49B | $5.64B | $6.05B | $5.66B | $5.76B | - | - | - |
| Current liabilities | $1.41B | $1.15B | $1.27B | $1.28B | $1.41B | $1.20B | $1.33B | - | - | - |
| Short-term debt | $13.17M | $13.17M | $13.17M | $13.17M | $13.17M | $13.17M | $13.17M | - | - | - |
| Long-term debt | $2.51B | $2.56B | $2.56B | $2.61B | $2.80B | $3.17B | $3.16B | - | - | - |
| Total debt | $2.53B | $2.57B | $2.57B | $2.62B | $2.81B | $3.18B | $3.18B | - | - | - |
| Total liabilities | $4.83B | $4.59B | $4.76B | $4.87B | $5.25B | $5.38B | $5.48B | - | - | - |
| Shareholders' equity | $877.07M | $788.39M | $726.22M | $775.34M | $794.59M | $283.26M | $280.24M | $436.47M | $492.45M | $358.10M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $189.48M | $601.0K | -$146.12M | $308.97M | $264.98M | -$96.65M | -$41.19M | $275.01M | $415.36M | -$2.90M |
| Capital expenditures | $25.39M | $23.93M | $23.82M | $23.56M | $21.20M | $16.28M | $28.44M | $13.59M | $13.11M | $15.92M |
| Free cash flow | $164.09M | -$23.33M | -$169.95M | $285.40M | $243.79M | -$112.94M | -$69.63M | $261.42M | $402.24M | -$18.81M |
| Investing cash flow | -$94.07M | -$58.29M | -$66.14M | -$51.16M | -$47.48M | -$39.07M | -$63.97M | -$35.62M | -$32.59M | -$34.89M |
| Financing cash flow | -$55.83M | -$3.15M | -$49.20M | -$207.31M | -$969.0K | -$7.38M | -$54.78M | -$105.60M | -$126.06M | -$8.24M |
| Stock-based compensation | $1.66M | $3.88M | $1.99M | $661.0K | $31.08M | $0 | $0 | $0 | - | - |
| Depreciation and amortization | $98.33M | $83.48M | $85.57M | $95.67M | $92.82M | $87.85M | $86.51M | $89.79M | $97.18M | $88.88M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -5.5% | 2.6% | -2.0% | 4.2% | -2.8% | 2.4% | - | - | - | - |
| Net income growth, YoY | -18.0% | 11425.9% | - | - | -21.1% | - | - | - | - | - |
| EPS growth, YoY | -21.1% | - | - | - | -28.8% | - | - | - | - | - |
| Gross margin | 79.2% | 79.9% | 83.9% | 85.3% | 79.2% | 77.0% | 83.4% | 84.3% | 77.7% | 76.0% |
| Operating margin | 22.3% | 20.8% | -1.4% | 7.0% | 23.4% | 18.0% | 5.9% | 5.8% | 26.0% | 14.5% |
| Net margin | 13.7% | 10.5% | -10.8% | -4.7% | 15.7% | 0.1% | -33.1% | -12.7% | 19.4% | -1.8% |
| Free cash flow margin | 26.0% | -4.2% | -36.6% | 65.7% | 36.4% | -21.1% | -14.7% | 62.8% | 58.4% | -3.6% |
| Current ratio | 0.86 | 0.78 | 0.77 | 0.83 | 1.01 | 0.83 | 0.79 | - | - | - |
| Debt to equity | 2.88 | 3.27 | 3.54 | 3.38 | 3.54 | 11.22 | 11.34 | - | - | - |
Source: XBRL data McGraw Hill Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MH | $2.08B | -0.7% | $73.77M | 3.5% | $2.08B |
| TRI | $7.48B | +3.0% | $1.50B | 20.1% | $48.79B |
| CMPR | $3.81B | +10.0% | $85.57M | 2.2% | $1.39B |
| WBTN | $1.37B | -0.5% | -$343.92M | -25.1% | $1.31B |
| DLX | $2.13B | +0.4% | $79.90M | 3.8% | $1.22B |
| ACCO | $1.57B | +1.5% | $66.30M | 4.2% | $467.2M |
| QUAD | $2.38B | -4.9% | $26.50M | 1.1% | $387.2M |
| PMTS | $607.70M | +17.9% | $16.46M | 2.7% | $283.4M |
| MGIH | $20.34M | -19.7% | -$7.09M | -34.9% | $13.7M |