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McGraw Hill MH International — Total Contract Liabilities

Other segment segments

K-12
$1.25B-2.4%
Higher Education
$322M+8.3%
Global Professional
$65.98M+5.8%

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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 international — total contract liabilities?
McGraw Hill (MH) reported international — total contract liabilities of $33.06M in Q1 2026.
How has McGraw Hill's international — total contract liabilities changed year-over-year?
McGraw Hill's international — total contract liabilities decreased by 1.0% year-over-year, from $33.41M to $33.06M.
What does international — total contract liabilities mean?
This metric represents the total value of deferred revenue or obligations arising from customer contracts where payment has been received but the educational services or content have not yet been fully delivered. It serves as a leading indicator of future revenue recognition and customer commitment to the company's digital platforms. A growing balance often signals strong forward-looking demand for subscription-based educational services.

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