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Friday 6 November 2026
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McGraw Hill, Inc.
MH Consumer Defensive Education & Training Services
McGraw Hill, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $2.1 billion, roughly unchanged from fiscal 2025.
- Revenue
- −5.53%
- EPS
- −21.1%
- Free cash flow
- −56.1%
- Total debt
- −10.1%
Quarter to September 2026, against a year earlier
11.24
1.52
−11.91%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to March
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 1,960 | 2,101 | 2,103 | 2,080 | +3.6% | 2,148 | 2,252 | 2,335 | +3.6% | |
| Gross margin, % | — | — | — | — | — | — | — | 78.56 | 79.90 | 80.92 | 81.68 | +2.4 pt | ||||||
| EBT | — | — | — | — | — | — | — | (168) | 11 | 44 | 84 | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (8.56) | 0.51 | 2.08 | 4.02 | +10.6 pt | ||||||
| Net income | — | — | — | — | — | — | — | (193) | (86) | 35 | 74 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 11.77 | 12.61 | 11.46 | 10.87 | (1.3%) | |||||
| Earnings | — | — | — | — | — | — | — | (1.16) | (0.52) | 0.19 | 0.38 | n/m | ||||||
| Cash flow | — | — | — | — | — | — | — | 1.42 | 3.88 | 1.81 | 1.84 | +12.9% | ||||||
| Capex | — | — | — | — | — | — | — | (0.82) | (0.97) | (1.11) | (1.41) | +16.6% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 0.60 | 2.91 | 0.69 | 0.44 | +7.5% | ||||||
| Book value | — | — | — | — | — | — | — | 0.00 | 1.68 | 3.96 | 4.58 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | 167 | 167 | 183 | 189 | +4.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 67.49 | 29.58 | 22.5 | |||||
| P/S | — | — | — | — | — | — | — | 1.34 | 1.34 | 1.20 | 1.03 | 1.3 | ||||||
| P/B | — | — | — | — | — | — | — | 10.00 | 10.00 | 3.46 | 2.45 | 7.8 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 2.73 | 2.73 | 2.30 | 2.14 | 2.6 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 14.88 | 14.88 | 37.97 | 53.38 | 22.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 236 | 646 | 331 | 353 | +18.4% | |||||
| Capex | — | — | — | — | — | — | — | (136) | (161) | (204) | (270) | +22.4% | ||||||
| Free cash flow | — | — | — | — | — | — | — | 100 | 485 | 127 | 83 | +12.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | (278) | (293) | (200) | +5.4% | |||||
| Net debt | — | — | — | — | — | — | — | — | 2,788 | 2,320 | 2,294 | (16.8%) | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | 280 | 726 | 877 | +159.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (2.98) | 0.63 | 1.26 | +0.6 pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 6.25 | 5.68 | 5.51 | +5.7 pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 0.00 | 7.02 | 8.83 | +7.0 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | 4,400 | — | — | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.48 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
McGraw Hill, Inc. vs peers in Education & Training Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LAUR Laureate Education | $4.5B | 12.1× | 15.8× | +21.20% (above 0%: growing) | +220.83% (above 0%: growing) | +2.65% (above 0%: growing) | 27.15% | 24.56% | Compare |
| CVSA Covista Inc. | $3.8B | 15.2× | 14.6× | +10.65% (above 0%: growing) | +16.14% (above 0%: growing) | −33.25% (below 0%: shrinking) | 56.84% | 19.16% | Compare |
| XXI Twenty One Capital, Inc. | $3.5B | — (loss-making) | — | — | n/m | −7,925,300.00% (below 0%: shrinking) | — | 0.00% | Compare |
| TAL TAL Education Group | $3.4B | 7.6× | 9.5× | +15.48% (above 0%: growing) | n/m | −208.23% (below 0%: shrinking) | 59.78% | 23.71% | Compare |
| LOPE Grand Canyon Education, Inc. | $3.2B | 13.0× | 16.3× | +2.38% (above 0%: growing) | +183.05% (above 0%: growing) | +38.23% (above 0%: growing) | 0.00% | 19.25% | Compare |
| LRN Stride, Inc. | $3.2B | 9.5× | 9.7× | +2.98% (above 0%: growing) | −1.26% (below 0%: shrinking) | +31.36% (above 0%: growing) | 37.71% | 13.18% | Compare |
| MH McGraw Hill, Inc. | $2.2B | 29.6× | 13.6× | −5.53% (below 0%: shrinking) | −21.05% (below 0%: shrinking) | −56.14% (below 0%: shrinking) | 79.16% | 22.31% | |
| PRDO Perdoceo Education Corporation | $1.7B | 9.2× | 10.1× | +1.88% (above 0%: growing) | +14.52% (above 0%: growing) | +97.05% (above 0%: growing) | 0.00% | 25.52% | Compare |
| STRA Strategic Education Inc. | $1.3B | 200× | 8.8× | +1.60% (above 0%: growing) | n/m | +15.56% (above 0%: growing) | 49.66% | (26.94%) | Compare |
| Median of peers | $3.3B | 12.1× | 10.1× | +2.98% | +16.14% | +9.10% | 37.71% | 19.21% |
Pay and ownership Proxy statement filed 25 June 2026
Ownership
Directors and executive officers, together
1.20%
Investment vehicles affiliated with Platinum Equity, LLC
86.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
McGraw Hill, Inc. (MH) Latest News
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3 Sep
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MH metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Shares outstanding
- Book value per share