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McGraw Hill MH Operating Income

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Other financials

Income statement

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Revenue$463.7M-2.0%
Gross profit$388.9M-1.5%
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:OperatingIncomeLoss.

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 itemYear Ended March 31, 2026Year Ended March 31, 2025Year Ended March 31, 2024
Amortization of intangibles223,627239,014254,937
Impairment charge39,00049,500
Total operating expenses1,424,8621,372,1981,384,849
Operating income (loss)276,780306,807155,298
Interest expense (income), net207,226293,446326,438
(Gain) loss on extinguishment of debt25,7662,719(3,415)
Income (loss) from operations before taxes43,78810,642(167,725)
Income tax provision (benefit)8,46896,48125,294

Item 8. Financial Statements and Supplementary Data

FAQ

What is McGraw Hill's operating income?
McGraw Hill (MH) reported operating income of $0 in Q1 2026.
How has McGraw Hill's operating income changed year-over-year?
McGraw Hill's operating income decreased by 100.0% year-over-year, from $27.77M to $0.
What is the long-term trend for McGraw Hill's operating income?
Over 2 years (2024 to 2026), McGraw Hill's operating income has grown at a 35.0% compound annual growth rate (CAGR), from $155.3M to $283.14M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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