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. In the quarter to June 2026, revenue grew 2.65%, EPS grew 9,900.0%, free cash flow grew 57.5% and total debt fell 19.0%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow MH
McGraw Hill, Inc. (MH) Altman Z-score
McGraw Hill, Inc.'s Altman Z-score for fiscal 2026 is 0.48, in the distress zone (below 1.81).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.48 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.05) | — | −0.06 | |
| Retained earnings / total assets | (0.23) | — | −0.32 | |
| EBIT / total assets | 0.05 | — | 0.17 | |
| Market value of equity / total liabilities | 0.53 | — | 0.32 | |
| Sales / total assets | 0.38 | — | 0.38 | |
| Altman Z-score | Distress zone | 0.48 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.59 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LOPE Grand Canyon Education, Inc. compare | 17.5× |
| PRDO Perdoceo Education Corporation compare | 6.7× |
| LRN Stride, Inc. compare | 5.8× |
| LAUR Laureate Education compare | 4.5× |
| CVSA Covista Inc. compare | 4.2× |
| STRA Strategic Education Inc. compare | 3.9× |
| GHC Graham Holdings Company compare | 3.0× |
| TAL TAL Education Group compare | 2.8× |
| MH McGraw Hill, Inc. | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets