Mcgraw Hill, Inc. key statistics and ratios

In fiscal 2026, Mcgraw Hill, Inc. had return on equity of 7.0%, an operating margin of 13.2%, debt equal to 362.5% of equity and a current ratio of 0.77. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mcgraw Hill, Inc.: financial ratios, annual
Fiscal year	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	78.6%	79.9%	80.9%	81.7%
Operating margin	7.9%	14.6%	13.2%	13.9%
Net margin	−9.8%	−4.1%	1.7%	4.4%
Free-cash-flow margin	7.9%	27.4%	11.7%	15.9%
Return on equity	−52.3%	−26.5%	7.0%	12.2%
Return on assets	—	−1.5%	0.6%	1.7%
Asset turnover	—	0.36	0.37	0.39
Current ratio	—	0.79	0.77	0.78
Debt to equity	0.0%	>999%	362.5%	333.5%
Effective tax rate	—	—	19.3%	−23.8%
R&D as % of revenue	13.4%	13.5%	13.1%	12.8%
Capital spending as % of revenue	4.2%	3.4%	4.0%	4.4%
Free cash flow ÷ net income	—	—	697.4%	362.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Mcgraw Hill, Inc.: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	77.7%	84.3%	83.4%	77.0%	79.2%	85.3%	83.9%	79.9%
Operating margin	26.0%	5.8%	5.9%	18.0%	23.4%	7.0%	−1.4%	20.8%
Net margin	19.4%	−12.7%	−33.1%	0.1%	15.7%	−4.7%	−10.8%	10.5%
Free-cash-flow margin	58.4%	62.8%	−14.7%	−21.1%	36.4%	65.7%	−36.6%	−4.2%
Current ratio	—	—	0.79	0.83	1.01	0.83	0.77	0.78
Debt to equity	—	—	>999%	>999%	353.7%	337.8%	354.4%	326.5%
R&D as % of revenue	9.2%	16.8%	18.5%	12.2%	10.4%	15.6%	15.9%	10.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 5 checks passed · June 30, 2026

What it owns · $5.4bn

Short-term assets $888mLonger-term assets $4.5bn

What it owes, and who funded it · $5.4bn

Short-term liabilities $1.1bnLonger-term liabilities $3.4bnShareholders' equity $788m

Short-term assets cover short-term liabilities $888m of assets due within a year against $1.1bn of liabilities due within a year.
Short-term assets cover long-term liabilities $888m short-term assets against $3.4bn of longer-dated liabilities.
More cash than debt $194m of cash against $2.6bn of debt.
Debt below 40% of shareholders' equity Debt is 327% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $428m of operating cash flow against $2.6bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Mcgraw Hill, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: CVSA vs MH LAUR vs MH LRN vs MH

More: Education Services stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Mcgraw Hill, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mcgraw Hill, Inc.