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McGraw Hill MH Higher Education — Total Contract Liabilities

Other segment segments

K-12
$1.25B-2.4%
Global Professional
$65.98M+5.8%
International
$33.06M-1.0%

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Other financials

Income statement

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Revenue$463.7M-2.0%
Gross profit$388.9M-1.5%
Operating income--100%
Net income-$20.2M+61.8%
EPS (diluted)-$0.11+65.6%

Balance sheet

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Cash & equivalents$253.5M-35.0%
Total debt$2.7B-18.6%
Total equity$726.2M+159%
Total assets$5.5B-4.7%

Cash flow

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Operating cash flow$309.0M+12.3%
CapEx$23.8M-16.2%
Free cash flow$285.4M+9.2%

Valuation

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Market cap$2.21B-10.7%
Enterprise value$4.61B
P/S1.1×

Profitability

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Gross margin80.9%+1.0pp
Operating margin13.5%-1.1pp
Net margin-3.4%-4.4pp
FCF margin32.3%

Returns & leverage

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Return on equity-11.8%
Debt / equity3.7×-8.0×
Current ratio0.8×0.0×

Where this comes from

Reported directly by McGraw Hill in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: McGraw Hill’s 10-K, filed June 11, 2026.

Filed
Jun 11, 2026, 7:16 AM EDT
Fiscal year
FY2026
Accession
0001951070-26-000022
Line itemMarch 31, 2026March 31, 2025
Total Contract Liabilities by Segment:
K-12$1,249,373$1,279,585
Higher Education321,999297,316
Global Professional65,97762,348
International33,06433,407
Other (1)9453,531
Total Contract Liabilities$1,671,358$1,676,187

Item 8. Financial Statements and Supplementary Data

FAQ

What is McGraw Hill's higher education — total contract liabilities?
McGraw Hill (MH) reported higher education — total contract liabilities of $322M in Q1 2026.
How has McGraw Hill's higher education — total contract liabilities changed year-over-year?
McGraw Hill's higher education — total contract liabilities increased by 8.3% year-over-year, from $297.32M to $322M.
What does higher education — total contract liabilities mean?
This metric reflects the amount of consideration received from customers for which the company has an obligation to transfer goods or services in the future, commonly referred to as deferred revenue. It represents prepayments for digital subscriptions or multi-year educational access that have not yet been recognized as earned revenue. Monitoring this balance provides insight into future revenue visibility and the strength of the company's forward-looking order book.

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