Here are 1-3 brief analogies to describe McGraw Hill:

• Netflix for academic subjects and digital courses.
• Spotify for educational textbooks and learning tools.
• The Disney of educational content.

• K-12 Learning Solutions: Provides comprehensive digital and print instructional materials, curriculum, and assessment tools for elementary and secondary education.
• Higher Education Learning Solutions: Offers digital textbooks, adaptive learning platforms, and courseware designed for college and university students and instructors.
• Professional Resources: Publishes specialized content and digital tools for professionals in fields such as business, engineering, and healthcare, aiding in skill development and certification.

Major Customers of McGraw Hill (Symbol: MH)

McGraw Hill (symbol: MH) is a prominent educational content, software, and services company. While it engages extensively with educational institutions (K-12 school districts, colleges, and universities) for the adoption and licensing of its materials, the ultimate purchases are frequently made by individuals, or the institutions facilitate individual access.

Due to the nature of selling to a vast number of educational institutions rather than a few named corporate clients, and the company's current status as a private entity (it was formerly public under the MH symbol), specific "customer companies" cannot be listed. Instead, McGraw Hill primarily serves the following categories of individual customers:

• 1. K-12 Students and Educators

  This category includes students in elementary, middle, and high schools who utilize McGraw Hill's textbooks, digital curricula, and assessment tools. Educators in these schools are crucial decision-makers in the adoption process, influencing the materials purchased for their students.

• 2. Higher Education Students and Instructors

  This segment comprises students enrolled in colleges, universities, and community colleges who purchase or are required to use McGraw Hill's textbooks, e-books, and digital learning platforms (e.g., Connect, ALEKS). University and college instructors play a significant role in adopting these materials for their courses, thereby driving student purchases.

• 3. Professionals

  McGraw Hill also serves individuals in various professional fields (e.g., medical, business, engineering) who seek materials for continuing education, skill development, certification, or reference. While a smaller segment compared to its core educational markets, this category represents a direct-to-individual sales channel.

Simon Allen, Chief Executive Officer

Simon Allen was named CEO of McGraw Hill in October 2019, after serving as Interim CEO since October 2019, and currently serves as Chairman of the board of directors. He previously served as President of McGraw Hill's Higher Education and International business units, rejoining the company in March 2018. Before rejoining McGraw Hill, Allen was the CEO of Macmillan Education, where he led the company's transition from print to blended learning products and solutions. He also held roles as Senior Vice President, International at The McGraw-Hill Companies, and President, Higher Education at both Pearson Education EMEA and Prentice Hall Europe. During his first year as CEO, McGraw Hill was sold by one private equity company and acquired by another. He joined Platinum Equity in 2018.

Bob Sallmann, Chief Financial Officer

Bob Sallmann joined McGraw Hill as Chief Financial Officer on April 15, 2024, and is responsible for the company's global financial strategy. His role encompasses financial management, including accounting, finance, internal audit, investor relations, tax, treasury, procurement, real estate, and supply chain teams. Sallmann brings over 20 years of experience in developing and implementing financial and operational strategy for global organizations, with a focus on growing enterprise value and leading business transformation. He previously served as CFO at Laird Connectivity, a wireless technology manufacturer, and Enbi Group, a global elastomer manufacturer.

David Cortese, Chief Digital Information Officer

David Cortese joined McGraw Hill on April 8, 2024, in the newly created role of Chief Digital Information Officer. He oversees digital platform development, information technology, and data analytics for the company, including McGraw Hill's Digital Platform Group (DPG) and Global Technology Services (GTS) group. Cortese has over 30 years of experience in technology and operational leadership roles, and prior to McGraw Hill, he served as Chief Digital Officer at Influential, where he oversaw enterprise product and engineering teams and AI solutions.

Scott Grillo, President, Professional Group

Scott Grillo serves as the President of McGraw Hill's Professional group. In this role, he is responsible for all aspects of the organization's core publishing program and online subscription products across the Medical, Technical, Business, and Test Prep categories. He began his publishing career with Prentice Hall, holding sales and marketing positions within both the Higher Education and Professional Technical Reference divisions.

Marty Lange, Senior Vice President, Chief Product & Operating Officer

Marty Lange holds the position of Senior Vice President, Chief Product & Operating Officer at McGraw Hill.

The key risks to McGraw Hill (NYSE: MH), a global provider of education solutions for preK-12, higher education, and professional learning, primarily revolve around the dynamic nature of the education technology sector and its customer base. McGraw Hill recently became a public company again on July 24, 2025.

1. Disruption from Evolving Educational Technology and Artificial Intelligence (AI): McGraw Hill has increasingly focused on digital education solutions, serving millions of digital learners annually. This strategic shift exposes the company to rapid technological advancements and the potential disruptive impact of new technologies, such as generative AI, on content creation, delivery, and personalized learning experiences. Failure to continuously innovate and adapt to these evolving technologies could challenge the relevance and competitiveness of its offerings.
2. Intense Competition in the Digital Learning Market: As McGraw Hill has gone "all-in on digital education solutions," it faces significant competition from other established educational publishers, specialized education technology companies, and new market entrants. This competitive landscape demands ongoing investment in product development, marketing, and sales to maintain or grow market share, and could put pressure on pricing and profitability.
3. Dependence on Educational Institution Budgets and Enrollment Trends: McGraw Hill's business heavily relies on sales to K-12 schools, higher education institutions, and professional learning markets. Consequently, fluctuations in public funding for education, school district and university budgets, and student enrollment numbers can directly impact the demand for its educational materials and digital platforms. Economic downturns or demographic shifts affecting student populations represent inherent risks to the company's revenue streams.

McGraw Hill (symbol: MH) operates in the K-12, Higher Education, and Professional/Continuing Education markets, offering a range of learning solutions, digital tools, platforms, and curated content globally.

Addressable Market Sizes:

K-12 Education Market

• Global: The global K-12 education market was valued at approximately USD 2.50 trillion in 2023 and is anticipated to reach USD 5.66 trillion by 2030. Another estimate places the market at USD 2,788.83 billion in 2024, expected to reach USD 7,247.64 billion by 2032.
• U.S.: The U.S. K-12 education market was estimated at USD 4 billion in 2023 and is projected to reach USD 31 billion by the end of 2032.

Higher Education Market

• Global: The global higher education market was estimated at USD 736.80 billion in 2023 and is projected to reach USD 1,569.37 billion by 2030. Another report states the market size at USD 1,042.31 billion in 2025, predicted to increase to approximately USD 2,557.93 billion by 2034.
• U.S.: The U.S. higher education market generated a revenue of approximately USD 192.92 billion in 2023 and is expected to reach USD 370.41 billion by 2030. Another source indicates the U.S. market size was USD 211.36 billion in 2024 and is expected to be worth around USD 669.24 billion by 2034.

Professional and Continuing Education Market

• Global: The global professional development market was valued at USD 478.4 billion in 2024. The global continuing education market was valued at approximately USD 50 billion in 2023 and is projected to reach around USD 80 billion by 2032.
• U.S.: The professional education market in the United States has a total market size of around US$60 billion. The U.S. continuing education market was valued at USD 66.91 billion in 2024 and is expected to reach USD 95.98 billion by 2030.

Share Issuance

• McGraw Hill launched its Initial Public Offering (IPO) on July 14, 2025, offering 24,390,000 shares of common stock at a price of $17.00 per share.
• The IPO generated approximately $385.7 million in net proceeds for the company.
• The company intends to use these net proceeds primarily to repay a portion of its outstanding term loan credit facility.

Inbound Investments

• In June 2021, Platinum Equity acquired McGraw Hill from Apollo Global Management in a deal valued at $4.5 billion.

Outbound Investments

• Prior to 2021, under the ownership of Apollo Global Management, McGraw Hill completed six digital-focused takeovers to enhance its digital portfolio.

Capital Expenditures

• For the fiscal first quarter ended June 30, 2025 (Q1 2026), capital expenditures amounted to approximately $16.3 million.
• In the corresponding prior-year period (Q1 2025), capital expenditures were approximately $15.9 million.
• McGraw Hill has consistently invested significantly in Research & Development (R&D) in recent years, allocating 16% to 17% of its revenue towards innovation and the development of new digital and AI-supported learning solutions.