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
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.
Others in SIC 2741
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WBTN | WEBTOON Entertainment Inc. | $1.35B | — | 2.5% |
| TRI | THOMSON REUTERS CORP /CAN/ | — | — | 3.0% |