MH
McGraw Hill, Inc.
NYSE: MH · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$12.00
-1.80% today
Updated 2026-04-29
Market cap
$2.29B
P/E ratio
—
P/S ratio
1.09x
EPS (TTM)
$-0.37
Dividend yield
—
52W range
$0 – $18
Volume
0.4M
McGraw Hill, Inc. (MH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.83B | $1.74B | $1.72B | $1.60B | $1.58B | $1.54B | $1.79B | $1.95B | $1.96B | $2.10B |
| Revenue growth (YoY) | — | -4.8% | -1.2% | -7.1% | -0.8% | -2.5% | +15.9% | +8.8% | +0.7% | +7.2% |
| Cost of revenue | $479.47M | $427.41M | $426.64M | $394.53M | $358.28M | $336.54M | $418.52M | $464.56M | $420.33M | $422.29M |
| Gross profit | $1.35B | $1.31B | $1.29B | $1.20B | $1.23B | $1.21B | $1.37B | $1.48B | $1.54B | $1.68B |
| Gross margin | 73.8% | 75.4% | 75.2% | 75.3% | 77.4% | 78.2% | 76.6% | 76.1% | 78.6% | 79.9% |
| R&D | — | — | — | $5.50M | $37.81M | $35.35M | — | $278.10M | $263.42M | $284.43M |
| SG&A | — | — | — | — | — | — | $1.04B | $341.47M | $331.67M | $345.21M |
| Operating income | $96.88M | $106.08M | $93.37M | $30.69M | $55.20M | $249.51M | $-435.89M | $-188.17M | $155.30M | $306.81M |
| Operating margin | 5.3% | 6.1% | 5.4% | 1.9% | 3.5% | 16.2% | -24.3% | -9.7% | 7.9% | 14.6% |
| EBITDA | $246.43M | $235.99M | $217.14M | $151.04M | $200.69M | $363.74M | $335.69M | $495.71M | $571.18M | $669.16M |
| EBITDA margin | 13.5% | 13.6% | 12.6% | 9.5% | 12.7% | 23.5% | 18.8% | 25.5% | 29.1% | 31.8% |
| EBIT | $121.64M | $123.16M | $107.63M | $45.96M | $104.88M | $279.06M | $55.77M | $123.83M | $204.80M | $306.81M |
| Interest expense | — | — | — | — | — | — | $214.62M | $278.22M | $326.44M | $293.45M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-179.13M | $-137.01M | $-65.93M | $-160.42M | $-135.31M | $44.75M | $-674.25M | $-404.10M | $-193.02M | $-85.84M |
| Net income growth (YoY) | — | +23.5% | +51.9% | -143.3% | +15.7% | +133.1% | -1606.7% | +40.1% | +52.2% | +55.5% |
| Profit margin | -9.8% | -7.9% | -3.8% | -10.0% | -8.5% | 2.9% | -37.7% | -20.7% | -9.8% | -4.1% |