John Wiley & Sons, Inc. key statistics and ratios

In fiscal 2026, John Wiley & Sons, Inc. had return on equity of 27.7%, an operating margin of 16.5%, debt equal to 80.6% of equity and a current ratio of 0.54. 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.

John Wiley & Sons, Inc.: financial ratios, annual
Fiscal year	2010Apr 2010	2011Apr 2011	2012Apr 2012	2013Apr 2013	2014Apr 2014	2015Apr 2015	2016Apr 2016	2017Apr 2017	2018Apr 2018	2019Apr 2019	2020Apr 2020	2021Apr 2021	2022Apr 2022	2023Apr 2023	2024Apr 2024	2025Apr 2025	2026Apr 2026	LTMJul 2026
Gross margin	—	69.1%	69.5%	69.8%	71.4%	—	—	73.2%	70.4%	69.2%	67.7%	67.8%	66.4%	65.7%	69.0%	74.3%	74.3%	74.6%
Operating margin	14.3%	14.2%	15.7%	11.3%	11.6%	13.0%	10.9%	12.3%	12.9%	12.4%	−3.0%	9.6%	10.5%	2.8%	2.8%	13.2%	16.5%	14.9%
Net margin	8.4%	9.9%	11.9%	8.2%	9.0%	9.7%	8.4%	6.6%	10.7%	9.3%	−4.1%	7.6%	7.1%	0.9%	−10.7%	5.0%	13.2%	11.9%
Free-cash-flow margin	15.7%	18.4%	17.5%	15.8%	16.4%	15.7%	15.3%	12.2%	14.9%	9.6%	10.9%	14.6%	12.0%	9.7%	7.0%	8.4%	12.5%	14.4%
Return on equity	19.9%	20.2%	21.3%	14.4%	14.8%	15.8%	13.9%	11.1%	17.5%	14.2%	−7.0%	14.6%	13.3%	1.6%	−22.4%	11.3%	27.7%	24.1%
Return on assets	6.2%	7.3%	8.6%	5.4%	5.5%	5.8%	4.9%	4.1%	7.1%	5.8%	−2.4%	4.5%	4.4%	0.5%	−6.9%	3.1%	8.4%	6.9%
Asset turnover	0.74	0.74	0.72	0.66	0.60	0.60	0.58	0.62	0.66	0.62	0.60	0.59	0.61	0.62	0.64	0.62	0.63	0.58
Current ratio	0.72	0.70	0.90	0.95	1.08	0.92	0.86	0.46	0.55	0.57	0.66	0.53	0.57	0.60	0.52	0.54	0.54	0.64
Debt to equity	89.8%	46.4%	46.7%	68.1%	59.2%	71.1%	58.3%	36.4%	30.2%	40.5%	83.0%	75.3%	68.9%	71.7%	104.8%	106.3%	80.6%	162.0%
Interest cover (operating income ÷ interest)	7.5x	14.3x	31.0x	15.2x	14.9x	13.9x	11.3x	12.5x	17.4x	13.9x	n/m	10.1x	11.1x	1.5x	1.1x	4.2x	6.3x	5.3x
Effective tax rate	28.3%	25.6%	21.8%	22.8%	17.9%	21.6%	16.6%	40.5%	10.2%	21.0%	—	15.7%	29.3%	47.9%	—	41.1%	−3.0%	−7.2%
SG&A as % of revenue	—	—	—	—	—	—	—	54.9%	53.1%	53.5%	54.5%	52.7%	51.8%	51.4%	54.1%	56.5%	53.4%	53.7%
Capital spending as % of revenue	2.8%	3.1%	3.8%	3.3%	3.2%	3.8%	5.0%	6.1%	6.4%	4.3%	4.8%	4.0%	4.3%	4.0%	4.1%	3.7%	3.1%	3.0%
Free cash flow ÷ net income	185.9%	186.9%	146.8%	193.0%	181.1%	161.7%	180.8%	184.7%	139.5%	103.2%	—	190.6%	168.7%	>999%	—	167.7%	94.5%	121.0%
Dividends ÷ net income	23.0%	22.6%	22.7%	39.8%	36.7%	38.7%	47.9%	63.0%	38.3%	45.0%	—	51.9%	52.1%	448.5%	—	90.4%	33.6%	37.1%
Dividends and buybacks ÷ free cash flow	12.4%	20.8%	43.3%	47.1%	42.1%	45.6%	53.1%	58.1%	42.2%	78.2%	61.7%	32.8%	42.8%	57.3%	92.7%	96.7%	83.3%	73.1%

US$ thousands unless shown otherwise. Fiscal quarters.

John Wiley & Sons, Inc.: financial ratios, quarterly
Quarter	2025 Q2Oct 2024	2025 Q3Jan 2025	2025 Q4Apr 2025	2026 Q1Jul 2025	2026 Q2Oct 2025	2026 Q3Jan 2026	2026 Q4Apr 2026	2027 Q1Jul 2026
Gross margin	74.9%	74.2%	74.9%	72.5%	75.2%	73.7%	75.4%	73.9%
Operating margin	15.0%	12.8%	17.3%	7.8%	17.3%	15.3%	24.6%	0.8%
Net margin	9.5%	−5.7%	15.4%	2.9%	10.6%	7.2%	30.2%	−3.0%
Free-cash-flow margin	−4.6%	32.9%	29.6%	−24.4%	−1.1%	40.7%	32.2%	−17.2%
Current ratio	0.66	0.55	0.54	0.65	0.71	0.59	0.54	0.64
Debt to equity	127.2%	129.5%	106.3%	113.0%	117.8%	107.7%	80.6%	162.0%
SG&A as % of revenue	56.0%	56.8%	51.9%	60.6%	53.4%	53.4%	47.2%	61.7%

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

2 of 7 checks passed · July 31, 2026

What it owns · $3.1bn

Short-term assets $438mLonger-term assets $2.7bn

What it owes, and who funded it · $3.1bn

Short-term liabilities $689mLonger-term liabilities $1.6bnShareholders' equity $797m

Short-term assets cover short-term liabilities $438m of assets due within a year against $689m of liabilities due within a year.
Short-term assets cover long-term liabilities $438m short-term assets against $1.6bn of longer-dated liabilities.
More cash than debt $106m of cash against $1.3bn of debt.
Debt below 40% of shareholders' equity Debt is 162% of equity.
Debt burden no higher than five years ago Debt to equity moved from 81% to 162% over five years.
A year's operating cash flow covers at least 20% of debt $290m of operating cash flow against $1.3bn of debt.
Operating profit covers interest at least five times over Operating income of $249m against $47m of interest.

From John Wiley & Sons, 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

52 /100

Moderate moat

How hard John Wiley & Sons's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 11 / 20

Cash operating profit has been a median 9.4% of total assets over 8 years.
Pricing power 19 / 20

Gross margin has been a median 69.4%, moving by 3.0 percentage points (standard deviation) across 10 years.
Durability 2 / 20

Operating margin has been a median 10.0%; its worst year was -1.6%.
Cash conversion 16 / 20

Free cash flow was positive in 10 of 10 years, at a median 11.9% of revenue.
Discipline 19 / 20

The diluted share count fell 7.3% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (67 before it).

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

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Figures from John Wiley & Sons, 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 John Wiley & Sons, Inc.