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McGraw Hill MH International — Impairment of indefinite-lived intangible assets

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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-12.3%
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:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.

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

As of March 31, 2026, the Company performed its annual impairment test of its indefinite-lived intangible assets and concluded that the carrying value of the International indefinite-lived Trademark exceeded its fair value. As a result, the Company recorded an impairment charge of $4,000 related to the Trademark for the fiscal year ended March 31, 2026, and is included within Impairment charge in the consolidated statements of operations.

Item 8. Financial Statements and Supplementary Data

FAQ

What is McGraw Hill's international — impairment of indefinite-lived intangible assets?
McGraw Hill (MH) reported international — impairment of indefinite-lived intangible assets of $1M in Q1 2026.
What does international — impairment of indefinite-lived intangible assets mean?
This metric quantifies the non-cash charge recognized when the carrying value of indefinite-lived intangible assets, such as brand names or specific publishing rights, exceeds their fair value. It reflects a downward adjustment in the expected future economic benefits associated with these assets. Frequent or large impairments may indicate strategic challenges, declining market relevance, or overvaluation of acquired assets within the international segment.

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