McGraw Hill, Inc. MH
McGraw Hill is a leading global provider of education solutions for K-12, higher education and professional learning markets. We are helping shape the education industry by providing access to effective learning experiences that improve outcomes and opportunities for all.
McGraw Hill operates at the intersection of proprietary content, software and data, using artificial intelligence to deliver personalized learning experiences at global scale, driving positive outcomes throughout the entire learning lifecycle.
For more than 137 years, McGraw Hill has built one of the world's most recognized education brands with over 100 million active student and educator curriculum licenses worldwide.
Demand for personalized content, delivered via intuitive digital solutions, is reshaping the industry as educators continue to leverage technology, including generative artificial intelligence ("AI"), to meet students where they are in their learning journey.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $1.91B | $1.90B | $1.75B |
| International | $191.1M | $204.8M | $205.7M |
As the company reported it, from the “Segment Reporting - Revenue and Long-lived Assets by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $2.10B | $2.10B | $1.96B | — |
| Gross profit | $1.70B | $1.68B | $1.54B | — |
| R&D | $276.3M | $284.4M | $263.4M | — |
| SG&A | $369.0M | $345.2M | $331.7M | — |
| Total operating expenses | $1.42B | $1.37B | $1.38B | — |
| Operating income | $276.8M | $306.8M | $155.3M | — |
| Pre-tax income | $43.8M | $10.6M | -$167.7M | — |
| Income tax | $8.5M | $96.5M | $25.3M | — |
| Net income | $78.7M | -$85.8M | -$193.0M | — |
| EPS, basic | 0.19 | -0.52 | -1.16 | — |
| EPS, diluted | 0.19 | -0.52 | -1.16 | — |
| Shares, diluted (wtd. avg.) | 183.7M | 166.6M | 166.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $253.5M | $389.8M | $203.6M | $181.5M |
| Receivables | $362.5M | $338.4M | — | — |
| Inventory | $195.0M | $174.0M | — | — |
| Total current assets | $973.6M | $1.05B | — | — |
| Goodwill | $2.52B | $2.56B | $2.56B | $2.60B |
| Total assets | $5.49B | $5.76B | — | — |
| Accounts payable | $126.7M | $146.7M | — | — |
| Short-term debt | $13.2M | $13.2M | — | — |
| Total current liabilities | $1.27B | $1.33B | — | — |
| Long-term debt | $2.56B | $3.16B | — | — |
| Total liabilities | $4.76B | $5.48B | — | — |
| Retained earnings | -$1.25B | -$1.28B | — | — |
| Total equity | $726.2M | $280.2M | $368.8M | $558.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $331.2M | $646.3M | $236.2M | — |
| Depreciation and amortisation | $361.9M | $362.4M | $366.4M | — |
| Stock-based compensation | $33.7M | $0 | $0 | — |
| Capital expenditure | $84.9M | $71.1M | $82.0M | — |
| Investing cash flow | -$203.9M | -$167.1M | -$136.1M | — |
| Financing cash flow | -$264.9M | -$294.7M | -$77.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-282816.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $1.96B | $2.10B | $2.10B |
| Gross profit | — | $1.54B | $1.68B | $1.70B |
| Net income | — | -$193.0M | -$85.8M | $78.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2741
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WBTN | WEBTOON Entertainment Inc. | $1.28B | — | 2.5% |
| TRI | THOMSON REUTERS CORP /CAN/ | — | — | 3.0% |