MH - McGraw Hill, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.14
DETAILS
HIGH:
$17.00
LOW:
$14.00
MEDIAN:
$16.00
CONSENSUS:
$16.14
UPSIDE:
17.90%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 2,102.8 | 2,101.3 | 1,960.5 | 1,947.8 | 1,790.2 | 1,544.7 | 1,584.8 | 1,596.9 | 1,719.1 | 1,740.0 | 1,828.6 |
| Cost of Revenue | 401.1 | 422.3 | 420.3 | 464.6 | 418.5 | 336.5 | 358.3 | 394.5 | 426.6 | 427.4 | 479.5 |
| Gross Profit | 1,701.6 | 1,679.0 | 1,540.1 | 1,483.2 | 1,371.7 | 1,208.2 | 1,226.5 | 1,202.4 | 1,292.4 | 1,312.6 | 1,349.1 |
| Operating Expenses | |||||||||||
| R&D Expenses | 276.3 | 284.4 | 263.4 | 278.1 | 0 | 35.4 | 37.8 | 5.5 | 0 | 0 | 0 |
| SG&A Expenses | 747.7 | 725.4 | 705.6 | 709.4 | 1,036.0 | 809.1 | 988.0 | 1,028.3 | 1,051.5 | 1,061.5 | 1,102.7 |
| Other Expenses | 361.9 | 362.4 | 415.9 | 683.9 | 771.6 | 114.2 | 145.5 | 137.9 | 147.6 | 145.0 | 149.6 |
| Operating Expenses | 1,385.9 | 1,372.2 | 1,384.8 | 1,671.4 | 1,807.6 | 958.7 | 1,171.3 | 1,171.7 | 1,199.1 | 1,206.5 | 1,252.2 |
| Operating Income | |||||||||||
| Operating Income | 315.8 | 306.8 | 155.3 | (188.2) | (435.9) | 249.5 | 55.2 | 30.7 | 93.4 | 106.1 | 96.9 |
| Interest Expense | 0 | 0 | 326.4 | 278.2 | 214.6 | 193.3 | 188.1 | 180.6 | 179.4 | 199.5 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | 677.7 | 669.2 | 571.2 | 495.7 | 335.7 | 363.7 | 200.7 | 151.0 | 217.1 | 236.0 | 246.4 |
| EBIT | 315.8 | 306.8 | 204.8 | 123.8 | 55.8 | 279.1 | 104.9 | 46.0 | 107.6 | 123.2 | 121.6 |
| Income Before Tax | 43.8 | 10.6 | (167.7) | (453.8) | (722.8) | 59.0 | (123.8) | (149.9) | (73.3) | (120.0) | (91.3) |
| Income Tax Expense | 8.5 | 96.5 | 25.3 | (49.7) | (48.6) | 14.2 | 11.5 | 10.5 | 7.4 | 15.1 | 11.5 |
| Net Income | 35.3 | (85.8) | (193.0) | (404.1) | (674.3) | 44.8 | (135.3) | (160.4) | (65.9) | (137.0) | (179.1) |
| Per Share Data | |||||||||||
| EPS (Basic) | 0.19 | -0.45 | -1.01 | -2.12 | -3.53 | 3.86 | -11.77 | -14.09 | -5.85 | -12.03 | -9.22 |
| EPS (Diluted) | 0.19 | -0.45 | -1.01 | -2.12 | -3.53 | 3.86 | -11.77 | -14.09 | -5.85 | -12.03 | -9.22 |
| Shares Outstanding | 183.5 | 191.0 | 191.0 | 191.0 | 191.0 | 11.6 | 11.5 | 11.4 | 11.3 | 11.2 | 19.4 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||
| Cash & Cash Equivalents | 253.5 | 389.8 | 203.6 | 181.5 | 296.4 | 354.3 | 177.0 | 314.9 | 407.6 | 418.8 | 553.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 362.5 | 338.4 | 340.4 | 307.6 | 252.2 | 231.1 | 242.3 | 346.4 | 274.8 | 265.8 | 269.1 |
| Inventory | 195.0 | 174.0 | 213.9 | 248.3 | 226.2 | 153.6 | 177.0 | 185.5 | 169.1 | 174.7 | 169.4 |
| Other Current Assets | 137.6 | 141.3 | 135.3 | 156.3 | 124.3 | 8.3 | 17.8 | 27.1 | 0 | 0 | 0 |
| Total Current Assets | 973.6 | 1,052.6 | 903.9 | 903.4 | 910.6 | 843.9 | 699.3 | 958.0 | 946.8 | 960.9 | 1,075.1 |
| Non-Current Assets | |||||||||||
| Property, Plant & Equipment | 135.3 | 144.9 | 162.0 | 177.1 | 210.0 | 195.5 | 203.4 | 102.5 | 95.5 | 96.7 | 95.3 |
| Goodwill | 2,522.6 | 2,557.6 | 2,557.6 | 2,598.1 | 2,852.7 | 500.7 | 491.2 | 494.1 | 497.3 | 492.1 | 489.0 |
| Intangible Assets | 1,513.2 | 1,676.4 | 1,881.9 | 2,133.2 | 2,251.0 | 441.7 | 495.8 | 581.2 | 661.7 | 792.6 | 860.2 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 6.4 | 5.4 | 11.8 | 6.4 | 5.4 | 6.4 |
| Other Non-Current Assets | 332.2 | 318.3 | 296.3 | 253.1 | 361.6 | 337.9 | 338.0 | 366.9 | 309.5 | 230.4 | 197.8 |
| Total Non-Current Assets | 4,511.9 | 4,705.1 | 4,904.2 | 5,168.2 | 5,681.3 | 1,482.2 | 1,533.7 | 1,556.4 | 1,570.5 | 1,617.2 | 1,648.6 |
| Total Assets | 5,485.5 | 5,757.8 | 5,808.2 | 6,071.7 | 6,591.8 | 2,326.2 | 2,233.0 | 2,514.4 | 2,517.3 | 2,578.1 | 2,723.7 |
| Current Liabilities | |||||||||||
| Account Payables | 126.7 | 146.7 | 110.0 | 148.8 | 156.2 | 127.6 | 114.0 | 132.6 | 113.9 | 129.5 | 173.0 |
| Short-Term Debt | 13.2 | 13.2 | 21.2 | 21.2 | 21.2 | 14.0 | 17.3 | 31.3 | 17.3 | 15.8 | 81.6 |
| Deferred Revenue | 835.4 | 794.0 | 736.4 | 688.4 | 616.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 168.0 | 212.1 | 156.5 | 162.8 | 293.2 | 673.8 | 640.8 | 616.8 | 492.4 | 458.8 | 444.0 |
| Total Current Liabilities | 1,266.5 | 1,330.4 | 1,143.1 | 1,149.3 | 1,214.1 | 970.2 | 864.0 | 932.1 | 815.3 | 782.5 | 898.5 |
| Non-Current Liabilities | |||||||||||
| Long-Term Debt | 2,560.7 | 3,164.6 | 3,414.2 | 3,463.9 | 3,561.9 | 2,092.8 | 2,157.0 | 2,188.4 | 2,222.6 | 2,329.5 | 2,053.2 |
| Deferred Tax Liabilities | 15.2 | 15.7 | 15.4 | 46.2 | 104.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23.5 | 20.0 | 15.6 | 12.1 | 15.3 | 652.7 | 674.7 | 700.2 | 678.0 | 616.2 | 461.1 |
| Total Non-Current Liabilities | 3,492.8 | 4,147.1 | 4,296.3 | 4,364.2 | 4,428.7 | 2,861.4 | 2,937.3 | 2,888.6 | 2,900.5 | 2,945.7 | 2,514.3 |
| Total Liabilities | 4,759.3 | 5,477.5 | 5,439.4 | 5,513.5 | 5,642.9 | 3,831.6 | 3,801.3 | 3,820.7 | 3,715.8 | 3,728.2 | 3,412.8 |
| Stockholders' Equity | |||||||||||
| Common Stock | 1.9 | 1.6 | 1.6 | 1.6 | 1.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | (1,245.9) | (1,281.2) | (1,195.4) | (1,002.3) | (598.2) | (1,489.3) | (1,534.1) | (1,283.8) | (1,151.7) | (1,085.7) | (703.2) |
| Accumulated Other Comprehensive Income | (2.5) | (2.4) | 0.2 | (3.4) | (3.4) | (48.5) | (64.2) | (43.9) | (41.0) | (57.7) | (51.6) |
| Total Stockholders' Equity | 726.2 | 280.2 | 368.8 | 558.1 | 949.0 | (1,505.5) | (1,568.4) | (1,306.3) | (1,198.5) | (1,150.1) | (689.1) |
| Total Liabilities & Equity | 5,485.5 | 5,757.8 | 5,808.2 | 6,071.7 | 6,591.8 | 2,326.2 | 2,233.0 | 2,514.4 | 2,517.3 | 2,578.1 | 2,723.7 |
| Debt Metrics | |||||||||||
| Total Debt | 2,645.7 | 3,255.1 | 3,529.6 | 3,589.9 | 3,697.1 | 2,242.1 | 2,305.5 | 2,219.7 | 2,239.8 | 2,345.3 | 2,134.8 |
| Net Debt | 2,392.2 | 2,865.3 | 3,326.0 | 3,408.5 | 3,400.8 | 1,887.8 | 2,128.6 | 1,904.8 | 1,832.2 | 1,926.5 | 1,581.6 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 35.3 | (85.8) | (193.0) | (404.1) | (619.4) | 44.8 | (135.3) | (160.4) | (65.9) | (137.0) | (179.1) |
| Depreciation & Amortization | 361.9 | 362.4 | 366.4 | 371.9 | 343.2 | 120.0 | 261.5 | 244.7 | 255.0 | 240.3 | 234.9 |
| Stock-Based Compensation | 33.7 | 0 | 0 | 0 | 85.0 | 7.3 | 13.0 | 20.2 | 14.3 | 11.2 | 13.6 |
| Change in Working Capital | (291.6) | 226.3 | (110.3) | (122.3) | (210.1) | 26.0 | (38.0) | (71.1) | (88.4) | (100.2) | (69.6) |
| Other Non-Cash Items | 192.8 | 145.0 | 203.5 | 470.6 | 607.0 | 193.4 | 162.3 | 123.0 | 149.0 | 183.7 | 308.6 |
| Operating Cash Flow | 331.2 | 646.3 | 236.2 | 256.6 | 205.7 | 395.4 | 263.6 | 156.4 | 263.9 | 198.0 | 308.4 |
| Investing Activities | |||||||||||
| Capital Expenditure | (84.9) | (71.1) | (156.6) | (140.6) | (30.7) | (108.0) | (73.8) | (63.2) | (45.1) | (38.2) | (41.2) |
| Acquisitions | 0 | (6) | 0 | (21.8) | (5,267.8) | (5.2) | 0 | 0 | 0 | (11.5) | (6.8) |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (119.0) | (90) | 20.5 | 0 | (24.7) | 0 | (71.6) | (97.5) | (90.6) | (89.7) | (103.8) |
| Investing Cash Flow | (203.9) | (167.1) | (136.1) | (162.3) | (5,323.1) | (113.2) | (145.4) | (160.7) | (135.7) | (139.4) | (151.8) |
| Financing Activities | |||||||||||
| Net Debt Issuance | (652.2) | (270.7) | (77.2) | (124.5) | 3,567.0 | (91.8) | (110.6) | (45.7) | (130.3) | 176.5 | 90.3 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (2.3) | (9.8) | (2.9) | (4.6) | (1.7) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (300.6) | (101.3) |
| Other Financing Activities | (7.0) | (24.0) | 0 | (93.3) | 1,490.2 | (19.9) | (0.9) | 3.1 | (9.1) | (62.2) | (0.3) |
| Financing Cash Flow | (264.9) | (294.7) | (77.2) | (204.6) | 5,057.1 | (111.6) | (113.9) | (52.4) | (142.3) | (190.9) | (12.8) |
| Cash Position | |||||||||||
| Net Change in Cash | (136.3) | 186.2 | 22.1 | (114.9) | 185.3 | 167.4 | (214.9) | (61.7) | (11.1) | (134.4) | 553.2 |
| Cash at Beginning | 389.8 | 203.6 | 181.5 | 296.4 | 354.3 | 186.9 | 401.9 | 407.6 | 418.8 | 553.2 | 0 |
| Cash at End | 253.5 | 389.8 | 203.6 | 181.5 | 539.6 | 354.3 | 186.9 | 345.9 | 407.6 | 418.8 | 553.2 |
| Free Cash Flow | 246.3 | 575.2 | 79.5 | 116.1 | 175.0 | 287.4 | 189.8 | 93.1 | 218.8 | 159.7 | 267.2 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2,102.8 | 2,101.3 | 1,960.5 | 1,947.8 | 1,790.2 | 1,544.7 | 1,584.8 | 1,596.9 | 1,719.1 | 1,740.0 | 1,828.6 |
| Gross Profit | 1,701.6 | 1,679.0 | 1,540.1 | 1,483.2 | 1,371.7 | 1,208.2 | 1,226.5 | 1,202.4 | 1,292.4 | 1,312.6 | 1,349.1 |
| Operating Income | 315.8 | 306.8 | 155.3 | (188.2) | (435.9) | 249.5 | 55.2 | 30.7 | 93.4 | 106.1 | 96.9 |
| Net Income | 35.3 | (85.8) | (193.0) | (404.1) | (674.3) | 44.8 | (135.3) | (160.4) | (65.9) | (137.0) | (179.1) |
| EPS (Diluted) | 0.19 | -0.45 | -1.01 | -2.12 | -3.53 | 3.86 | -11.77 | -14.09 | -5.85 | -12.03 | -9.22 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 253.5 | 389.8 | 203.6 | 181.5 | 296.4 | 354.3 | 177.0 | 314.9 | 407.6 | 418.8 | 553.2 |
| Total Assets | 5,485.5 | 5,757.8 | 5,808.2 | 6,071.7 | 6,591.8 | 2,326.2 | 2,233.0 | 2,514.4 | 2,517.3 | 2,578.1 | 2,723.7 |
| Total Debt | 2,645.7 | 3,255.1 | 3,529.6 | 3,589.9 | 3,697.1 | 2,242.1 | 2,305.5 | 2,219.7 | 2,239.8 | 2,345.3 | 2,134.8 |
| Stockholders' Equity | 726.2 | 280.2 | 368.8 | 558.1 | 949.0 | (1,505.5) | (1,568.4) | (1,306.3) | (1,198.5) | (1,150.1) | (689.1) |
| Cash Flow | |||||||||||
| Operating Cash Flow | 331.2 | 646.3 | 236.2 | 256.6 | 205.7 | 395.4 | 263.6 | 156.4 | 263.9 | 198.0 | 308.4 |
| Capital Expenditure | (84.9) | (71.1) | (156.6) | (140.6) | (30.7) | (108.0) | (73.8) | (63.2) | (45.1) | (38.2) | (41.2) |
| Free Cash Flow | 246.3 | 575.2 | 79.5 | 116.1 | 175.0 | 287.4 | 189.8 | 93.1 | 218.8 | 159.7 | 267.2 |