McGraw Hill
Provides curriculum, adaptive courseware, and professional learning tools across education markets.
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Profile
Sells blended print and digital curriculum, courseware, assessment, adaptive-learning platforms, and medical and engineering reference tools. K–12 and Higher Education generate most revenue, with smaller professional-learning and international education businesses.
Provides curriculum, courseware, assessment, and professional reference tools through four segments: K–12, Higher Education, Global Professional, and International. K–12 sells blended print and digital core, supplemental, and intervention programs directly to U.S. school districts. Higher Education pairs instructional content with Connect, ALEKS, assessment, eBooks, and inclusive-access delivery. Global Professional centers on subscription and print resources for medical and engineering learners, while International adapts U.S.-developed school and college materials for markets abroad.
Combines proprietary content with course management, assessment, analytics, adaptive learning, and regularly updated digital delivery. The United States supplies most revenue; print remains material despite a primarily digital mix. Demand is shaped by state curriculum-adoption cycles, institutional access models, concentrated higher-education distribution, and education-content and student-data rules.
Company facts
Key statistics
Year to date −19.1% · Average volume (30d) 654.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Morgan Stanley | Reiterate | Overweight | $18 | $16 |
| Aug 14, 2026 | BMO Capital | Reiterate | Outperform | $16 | $17 |
| Aug 14, 2026 | BTIG | Reiterate | Buy | $19 | $17 |
| Jul 6, 2026 | BMO Capital | Reiterate | Outperform | $19 | $16 |
| Jun 12, 2026 | UBS | Reiterate | Neutral | $17 | $14 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q1 FY27 | $0.48 | $0.59 | +23.6% | $532.0M | $549.9M | +3.4% | +16.98% |
| Jun 11, 2026Q4 FY26 | $0.17 | $0.32 | +92.9% | $439.9M | $463.7M | +5.4% | −4.85% |
| Feb 11, 2026Q3 FY26 | $0.05 | $0.28 | +460.0% | $410.8M | $434.2M | +5.7% | +15.96% |
| Nov 12, 2025Q2 FY26 | $0.35 | $1.40 | +300.0% | $394.5M | $669.2M | +69.6% | +6.25% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $473.3M | $535.7M | $669.2M | $434.2M | $463.7M | $549.9M | |
| Gross profit | $394.9M | $412.3M | $530.1M | $370.3M | $388.9M | $439.2M | |
| Operating income | $27.8M | $96.2M | $156.5M | $30.4M | $32.6M | $114.3M | |
| Net income | −$156.9M | $502.0K | $105.3M | −$20.2M | −$50.3M | $57.9M | |
| Diluted EPS | −$0.82 | $0.00 | $0.55 | −$0.11 | −$0.27 | $0.30 | |
| Gross margin | 83.4% | 77.0% | 79.2% | 85.3% | 83.9% | 79.9% | |
| Operating margin | 5.9% | 18.0% | 23.4% | 7.0% | 7.0% | 20.8% |
Fiscal years (4-quarter sums)FY22 $1.79B · FY23 $1.95B · FY24 $1.96B · FY25 $2.10B · FY26 $2.10B
Revenue by product · Q1 FY27
Revenue by geography · Q1 FY27
Balance sheet, Jun 30, 2026Cash & short-term investments $193.6M · Total debt $2.64B · Total assets $5.38B · Shareholders' equity $788.4M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 191.28M · Float 24.45M · 12.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Platinum Equity Advisors, LLC/DE | 165.16M | 86.35% | 13F | May 15, 2026 |
| T. Rowe Price Investment Management, Inc. | 7.19M | 3.76% | 13F | May 15, 2026 |
| American Century Companies Inc | 4.18M | 2.18% | 13F | May 15, 2026 |
| Blackbarn Capital Partners LP | 2.09M | 1.09% | 13F | May 15, 2026 |
| BlackRock, Inc. | 1.84M | 0.96% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Philip D. Moyer | director, officer: See Remarks | +22,421 | $11.12 |
| Feb 17, 2026 | Steven Reinemund | director | +58,000 | $13.70 |
| Nov 14, 2025 | Steven Reinemund | director | +15,710 | $15.03 |
Peers
- Pearson (ADR)
Broadest public peer across courseware, assessment, and online learning
- Scholastic
K-12 classroom-content peer in reading and supplemental curriculum
- Wiley Class A
Academic and professional publishing peer in higher-ed learning
- RELX (ADR)
Elsevier-backed professional information peer in STM learning
- Stride
Digital K-12 and career-learning platform competitor
- Chegg
Student study-support platform competing with higher-ed digital tools
- Coursera
Online credentials and enterprise-skills platform competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| McGraw Hill | $13.22 | 0.00% | $2.53B | 28.1 | 6.7 | 1.2 | +2.7% |
| Pearson (ADR) | $16.73 | 0.00% | $10.04B | 23.9 | — | 2.0 | — |
| Scholastic | $38.63 | −0.85% | $734.9M | 16.6 | 22.6 | 0.5 | −6.3% |
| Wiley Class A | $53.71 | +0.03% | $2.82B | 12.9 | 11.2 | 1.7 | +1.2% |
| RELX (ADR) | $36.54 | 0.00% | $63.79B | 21.3 | — | 4.8 | +0.4% |
| Stride | $87.00 | +0.24% | $3.69B | 12.2 | 11.3 | 1.5 | −2.7% |
| Chegg | $0.8500 | +0.83% | $94.5M | — | — | 0.4 | −50.7% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Median | 16.6 | 11.3 | 1.5 | −1.1% |