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McGraw Hill, Inc. (MH) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

NYSE · DATA UPDATED 2026-09-04

McGraw Hill, Inc. (MH) operates in the NYSE industry and is headquartered in Columbus, United States with about 4,400 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2026-03-31, MH reported $2.1B in revenue and $35M in net income.

McGraw Hill, Inc., doing business as McGraw Hill, provides education solutions for K-12, higher education, and professional learning in the United States and internationally. It operates through K-12, Higher Education, Global Professional, and International segments.

Interactive charts & full statements → Open the MH valuation workbench →

MH Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302026-03-312025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
Total Revenue$2.1B$2.1B$2.1B$2.0B$1.9B$1.8B$1.5B$1.6B$1.6B$1.7B$1.7B$1.8B
Gross Profit$1.7B$1.7B$1.7B$1.5B$1.5B$1.4B$1.2B$1.2B$1.2B$1.3B$1.3B$1.3B
Gross Margin %81.7%80.9%79.9%78.6%76.1%76.6%78.2%77.4%75.3%75.2%75.4%73.8%
Operating Income (EBIT)$334M$316M$307M$155M($188M)($436M)$250M$55M$31M$93M$106M$97M
Operating Margin %15.8%15.0%14.6%7.9%-9.7%-24.3%16.2%3.5%1.9%5.4%6.1%5.3%
Net Income$93M$35M($86M)($193M)($404M)($674M)$45M($135M)($160M)($66M)($137M)($179M)
Net Margin %4.4%1.7%-4.1%-9.8%-20.8%-37.7%2.9%-8.5%-10.1%-3.8%-7.9%-9.8%
EBITDA$573M$678M$669M$571M$496M$336M$364M$201M$151M$217M$236M$246M
Earnings Per Share (EPS)$0.48$0.19$-0.45$-1.01$-2.12$-3.53$3.85$-11.77$-14.09$-5.85$-12.20$-16.06
Shares Outstanding (M)191M184M191M191M191M191M12M12M11M11M11M11M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MH Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$550M$464M$434M$669M$536M$473M$416M$689M
Gross Profit$439M$389M$370M$530M$412M$395M$351M$535M
Gross Margin %79.9%83.9%85.3%79.2%77.0%83.4%84.3%77.7%
Operating Income (EBIT)$114M$33M$30M$157M$96M$28M$24M$179M
Operating Margin %20.8%7.0%7.0%23.4%18.0%5.9%5.8%26.0%
Net Income$58M($50M)($20M)$105M$1M($157M)($53M)$133M
Net Margin %10.5%-10.8%-4.7%15.7%0.1%-33.1%-12.7%19.4%
EBITDA$114M$118M$140M$201M$96M$159M$93M$276M
Earnings Per Share (EPS)$0.30$-0.27$-0.11$0.55$0.00$-0.82$-0.28$0.70
Shares Outstanding (M)191M187M191M191M167M191M191M191M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MH Free Cash Flow History

Cash flowTTM → 2026-06-302026-03-312025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
Cash from Operations (CFO)$428M$331M$646M$236M$257M$206M$395M$264M$156M$264M$198M$308M
Capital Expenditures (CapEx)$70M$85M$71M$157M$141M$31M$108M$74M$63M$45M$38M$41M
Free Cash Flow (FCF)$359M$246M$575M$80M$116M$175M$287M$190M$93M$219M$160M$267M
FCF Margin %16.9%11.7%27.4%4.1%6.0%9.8%18.6%12.0%5.8%12.7%9.2%14.6%
Dividends Paid$301M$101M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MH Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$1M($146M)$309M$265M($97M)($41M)$275M$415M
Capital Expenditures (CapEx)$24M$24M$1M$21M$16M$58M$36M$13M
Free Cash Flow (FCF)($23M)($170M)$308M$244M($113M)($99M)$239M$402M
FCF Margin %-4.2%-36.6%71.0%36.4%-21.1%-20.9%57.5%58.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MH Balance Sheet History

Balance sheet2026-06-302026-03-312025-03-312024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-31
Total Assets$5.4B$5.5B$5.8B$5.8B$6.1B$6.6B$2.3B$2.2B$2.5B$2.5B$2.6B$2.7B
Cash & Cash Equivalents$194M$254M$390M$204M$181M$296M$354M$177M$315M$408M$419M$553M
Total Liabilities$4.6B$4.8B$5.5B$5.4B$5.5B$5.6B$3.8B$3.8B$3.8B$3.7B$3.7B$3.4B
Total Debt (Short + Long-Term)$27M$2.6B$3.2B$3.5B$3.5B$3.6B$33M$43M$31M$17M$16M$82M
Total Shareholders' Equity$788M$726M$280M$369M$558M$949M($1.5B)($1.6B)($1.3B)($1.2B)($1.1B)($689M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MH viewer.

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