Tearsheet

McGraw Hill (MH)

Market Price (3/11/2026): $14.15 | Market Cap: $2.7 Bil
Sector: Consumer Discretionary | Industry: Education Services

McGraw Hill (MH)

Market Price (3/11/2026): $14.15
Market Cap: $2.7 Bil
Sector: Consumer Discretionary
Industry: Education Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%	Weak multi-year price returns 2Y Excs Rtn is -50%, 3Y Excs Rtn is -84%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
1	Attractive yield FCF Yield is 8.9%		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.8%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, Cloud Computing, and Digital Content & Streaming. Themes include AI Software Platforms, Show more.		Key risks MH key risks include [1] disruption to its digital strategy from evolving educational technology and artificial intelligence and [2] dependence on educational institution budgets and enrollment trends.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
1	Attractive yield FCF Yield is 8.9%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, Cloud Computing, and Digital Content & Streaming. Themes include AI Software Platforms, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -50%, 3Y Excs Rtn is -84%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
5	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.8%
6	Key risks MH key risks include [1] disruption to its digital strategy from evolving educational technology and artificial intelligence and [2] dependence on educational institution budgets and enrollment trends.

Valuation, Metrics & Events

	3/11/26	2025	2024	2023	2022
Share Price CYE	$14.15	$16.50	�	�	�
Market Cap CYE ($ Bil)	2.7	3.2	-	-	-
Total Debt ($ Bil)	2.7	2.7	3.3	0.0	3.6
Total Cash ($ Bil)	0.5	0.5	0.5	0.0	0.2
Enterprise Value ($ Bil)	4.9	5.9
Valuation Ratios
P/S TTM	1.3	1.5	-	-	-
P/EBIT TTM	8.7	10.1	-	-	-
P/E TTM	-37.9	-44.2	-	-	-
P/FCF TTM	11.2	13.1	-	-	-
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.9	0.8
P/EBIT TTM (Sector)	8.1	8.0	8.6	7.8	6.3
P/E TTM (Sector)	11.3	11.5	11.7	10.6	8.7
P/FCF TTM (Sector)	10.2	11.1	12.1	9.5	6.7

	3/11/26	2025	2024
Share Price CYE	$14.15	$16.50	�
Market Cap CYE ($ Bil)	2.7	3.2	-
Total Debt ($ Bil)	2.7	2.7	3.3
Total Cash ($ Bil)	0.5	0.5	0.5
Enterprise Value ($ Bil)	4.9	5.9
Valuation Ratios
P/S TTM	1.3	1.5	-
P/EBIT TTM	8.7	10.1	-
P/E TTM	-37.9	-44.2	-
P/FCF TTM	11.2	13.1	-
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	8.1	8.0	8.6
P/E TTM (Sector)	11.3	11.5	11.7
P/FCF TTM (Sector)	10.2	11.1	12.1

	MH	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	2.1
Rev Chg Q	4.2%	7.2%
Rev Chg LTM	3.2%	6.6%
Rev Chg 3Y Avg	5.3%	5.7%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.3
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	-0.1
Op Mgn LTM	14.7%	18.8%
CFO/Rev LTM	20.6%	20.9%
Net Inc Mgn	-3.4%	12.8%
VALUATION	LOW
P/S	1.3	3.2
P/CFO	6.2	15.7
P/FCF	11.2	20.7
P/E	-37.9	24.6
STABILITY	FAIR
Debt/Equity	1.00	0.21
Cash/Assets	0.09	0.07

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Metric	Value	Date	Source
Recurring Revenue	$387.6 million	6302025	Link
Digital Revenue	$325.0 million	6302025	Link
Remaining performance obligation (RPO)	$1,650.2 million	6302025	Link
Instructor acceptance rate for Evergreen content delivery model	95%	8142025	Link
Paid activations of McGraw Hill Connect	6 million	3312023	Link
Unique users of ALEKS	6.5 million	3312023	Link
Digital Billings Percentage of Total Billings	60%	3312023	Link

Recent
2/11/2026	Earnings Release	Rev: $434 Mil (A) vs. $440 Mil (E) EPS: 0.28 (A) vs. $0.10 (E)
Upcoming
6/03/2026	Earnings Release	Rev: $440 Mil (E) EPS: $0.16 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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McGraw Hill (MH) stock has lost about 20% since 11/30/2025 because of the following key factors:

1. EdTech Industry Disruption from Artificial Intelligence.

Despite McGraw Hill's own strategic acceleration into AI-powered education solutions and the introduction of new AI capabilities, the broader market expressed concerns regarding the disruptive impact of generative artificial intelligence on the education sector. This macroeconomic factor led some analysts to trim price targets for MH after the company's Q3 2026 earnings report, citing "ongoing AI disruption concerns."

2. Weak Performance in the K-12 Segment.

McGraw Hill experienced a significant decline in its K-12 segment revenue, which decreased by 14.6% year-over-year in the fiscal third quarter of 2026 (ended December 31, 2025). This downturn was attributed to a "smaller overall fiscal year 2026 market opportunity" in the K-12 sector, overshadowing the company's market share gains within that segment.

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Stock Movement Drivers

Fundamental Drivers

The -19.4% change in MH stock from 11/30/2025 to 3/10/2026 was primarily driven by a -22.6% change in the company's P/S Multiple.

(LTM values as of)	11302025	3102026	Change
Stock Price ($)	17.55	14.14	-19.4%
Change Contribution By:
Total Revenues ($ Mil)	2,030	2,112	4.1%
P/S Multiple	1.7	1.3	-22.6%
Shares Outstanding (Mil)	191	191	0.0%
Cumulative Contribution			-19.4%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/10/2026

	Return	Correlation
MH	-19.4%
Market (SPY)	-0.9%	10.6%
Sector (XLY)	-3.2%	26.5%

Fundamental Drivers

The -2.6% change in MH stock from 8/31/2025 to 3/10/2026 was primarily driven by a -15.1% change in the company's P/S Multiple.

(LTM values as of)	8312025	3102026	Change
Stock Price ($)	14.52	14.14	-2.6%
Change Contribution By:
Total Revenues ($ Mil)	1,842	2,112	14.7%
P/S Multiple	1.5	1.3	-15.1%
Shares Outstanding (Mil)	191	191	0.0%
Cumulative Contribution			-2.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/10/2026

	Return	Correlation
MH	-2.6%
Market (SPY)	5.3%	9.0%
Sector (XLY)	-1.1%	14.5%

Fundamental Drivers

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Market Drivers

2/28/2025 to 3/10/2026

	Return	Correlation
MH
Market (SPY)	15.0%	11.1%
Sector (XLY)	6.7%	13.4%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/10/2026

	Return	Correlation
MH
Market (SPY)	77.3%	11.1%
Sector (XLY)	61.0%	13.4%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
MH Return	-	-	-	-	-3%	-16%	-18%
Peers Return	2%	-19%	24%	-27%	-12%	0%	-34%
S&P 500 Return	27%	-19%	24%	23%	16%	-1%	81%
Monthly Win Rates [3]
MH Win Rate	-	-	-	-	17%	0%
Peers Win Rate	51%	48%	60%	44%	52%	42%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
MH Max Drawdown	-	-	-	-	-36%	-26%
Peers Max Drawdown	-31%	-38%	-26%	-52%	-41%	-16%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-2%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: LRN, COUR, SCHL, CHGG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/10/2026 (YTD)

How Low Can It Go

MH has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

Unique Key	Event	XLY	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-40.3%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	67.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	680 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	51.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	82 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-21.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	105 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-60.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	150.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	779 days	1,480 days

Compare to LRN, COUR, SCHL, CHGG

In The Past

SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.

Preserve Wealth

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Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About McGraw Hill (MH)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

At McGraw Hill, our purpose is to unlock the potential of each learner at every stage of life. Our mission is to support educators, learners and professionals around the world with trusted, high-quality content and digital solutions that use data and learning science to adapt to each student as they progress towards their goals. McGraw Hill is a leading global provider of information solutions for education across K-12 to higher education, and through professional learning. We harness the power of content, data-driven insights, and learning science to deliver personalized learning experiences and drive positive outcomes throughout the entire learning lifecycle. We believe that we have positively impacted hundreds of millions of learners and educators with our personalized learning solutions to support learning at scale worldwide. On an annual basis, we serve approximately 60 million learners and educators. We believe McGraw Hill is one of the most trusted and recognized education brands in the world. Based on the results of a third-party survey that we commissioned in the fiscal year ended March 31, 2025, we believe that, in the United States, on average, 89% of K-12, higher education and medical school students, faculty and administrators would consider McGraw Hill for their classes. Understanding how learning happens is critical to building effective learning solutions, like ALEKS, which has leveraged data science and machine learning to enhance learning outcomes for over 25 years. Over the last decade, we have invested more than $2.0 billion in developing a suite of market leading digital learning solutions. We utilize our data analytics capabilities to generate continuous feedback loops that drive product and go-to-market innovation, which allows us to simplify workflows while creating meaningful learning experiences that are tailored to the needs of each learner. At McGraw Hill, we recognize that the integrity of educational content is of utmost importance, especially as generative AI becomes more integrated into the learning process. With the proliferation of AI-generated generic content, the risks of inaccurate and low-quality information are heightened, which is why our proprietary content is rigorously researched and designed to meet the highest quality standards. We aim to offer vetted content and data-driven learning solutions that educators and learners can trust. With approximately 1,500 sales professionals worldwide as of March 31, 2025, we believe our global sales force is one of the largest in the education sector, underpinning our ability to serve learners, educators and professionals at scale across the learning lifecycle. Our principal offices are located in Columbus, Ohio.

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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.

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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.

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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.

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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.

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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.

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.
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.
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.

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Open Educational Resources (OER): The widespread and growing adoption of freely accessible, openly licensed educational materials directly threatens McGraw Hill's traditional revenue streams from textbooks and digital content. Universities, K-12 districts, and other educational institutions are increasingly turning to OER to reduce costs for students and provide customizable learning materials. This movement presents a direct, free alternative to proprietary educational products, challenging the established publisher model and showing clear evidence of increasing market penetration.

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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.

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Expected Drivers of Future Revenue Growth for McGraw Hill (MH)

Digital Transformation and Recurring Revenue Models: McGraw Hill is actively shifting towards digital and recurring revenue models, such as its Inclusive Access and Evergreen programs, which are central to its U.S. higher education strategy. Digital revenue growth is outpacing overall revenue growth, with recurring revenue expected to reach $1,477–$1,517 million in fiscal year 2026. These initiatives aim to redefine education delivery through affordable, flexible digital solutions, with the Evergreen model achieving a 95% adoption rate.
AI-Driven Innovation and Personalized Learning: The company is strategically investing in artificial intelligence (AI) to enhance its educational offerings. This includes AI tools like Scribe to reduce costs and accelerate product cycles, and AI-powered learning platforms such as AI Reader and Writing Assistant, designed to personalize learning experiences at scale. This focus on AI is considered a key competitive advantage and is expected to drive market expansion.
Strategic Positioning in the K-12 Market: Despite an anticipated decline in K-12 revenue for fiscal year 2026, McGraw Hill is strategically positioning itself for significant growth in the larger fiscal year 2027 K-12 adoption cycle. The company has secured review panel recommendations for California math programs and is conducting a nationwide K-5 core literacy pilot to capitalize on future market opportunities. Growth is also expected from expanding supplemental and intervention solutions in this segment.
International Expansion: McGraw Hill views international expansion as a key driver to solidify its position as a long-term edtech leader. Opportunities are particularly noted in emerging economies where digital infrastructure is rapidly expanding, unlocking new revenue streams. The company's digital learning platform, Connect, already demonstrates strong international uptake, with a significant percentage of its activations coming from outside the United States.
Growth in Professional Education, Particularly Medical Solutions: The company is expanding its presence in professional education, with a strong emphasis on medical education. McGraw Hill is strategically phasing out non-core print titles in its Global Professional division to focus on high-margin digital medical solutions, indicating a strategic pivot towards more profitable segments within professional learning.

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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.

Interactive Breakdown

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AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for MH: 5.3%)

NVDA (101.8%)

NVIDIA

AVGO (25.2%)

Broadcom

META (19.9%)

Meta Platforms

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

Higher Op Mgn LTM (Value for MH: 14.7%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

META (41.4%)

Meta Platforms

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

Higher CFO/Rev LTM (Value for MH: 20.6%)

META (57.6%)

Meta Platforms

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

Higher FCF/Rev LTM (Value for MH: 11.4%)

NVDA (44.8%)

NVIDIA

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

META (22.9%)

Meta Platforms

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for MH: -2.6%)

MSFT (4.8%)

Microsoft

META (4.0%)

Meta Platforms

GOOGL (3.8%)

Alphabet

AAPL (3.5%)

Apple

NVDA (2.7%)

NVIDIA

Best Bets in Consumer Discretionary

What You Pay

P/EBIT (Value for MH: 8.7x)

ABNB (31.4x)

Airbnb

BKNG (16.6x)

Booking

DUOL (32.6x)

Duolingo

ETSY (14.0x)

Etsy

LOPE (14.3x)

Grand Canyon Education

ALSN (10.7x)

Allison Transmission

WH (13.6x)

Wyndham Hotels & Resorts

PRDO (9.7x)

Perdoceo Education

DECK (11.3x)

Deckers Outdoor

GRMN (24.7x)

Garmin

P/E (Value for MH: -37.9x)

ABNB (31.9x)

Airbnb

BKNG (26.0x)

Booking

DUOL (10.7x)

Duolingo

ETSY (32.2x)

Etsy

LOPE (20.5x)

Grand Canyon Education

ALSN (15.5x)

Allison Transmission

WH (29.1x)

Wyndham Hotels & Resorts

PRDO (13.6x)

Perdoceo Education

DECK (14.6x)

Deckers Outdoor

GRMN (27.9x)

Garmin

What You Get

Rev Chg 3Y Avg (Value for MH: 5.3%)

ABNB (13.4%)

Airbnb

BKNG (16.5%)

Booking

DUOL (41.1%)

Duolingo

ETSY (4.0%)

Etsy

LOPE (6.7%)

Grand Canyon Education

ALSN (3.1%)

Allison Transmission

WH (-1.5%)

Wyndham Hotels & Resorts

PRDO (7.4%)

Perdoceo Education

DECK (14.7%)

Deckers Outdoor

GRMN (14.4%)

Garmin

Rev Chg LTM (Value for MH: 3.2%)

ABNB (10.3%)

Airbnb

BKNG (13.4%)

Booking

DUOL (38.7%)

Duolingo

ETSY (2.7%)

Etsy

LOPE (7.1%)

Grand Canyon Education

ALSN (-6.7%)

Allison Transmission

WH (1.4%)

Wyndham Hotels & Resorts

PRDO (24.2%)

Perdoceo Education

DECK (9.2%)

Deckers Outdoor

GRMN (15.1%)

Garmin

Rev Chg Q (Value for MH: 4.2%)

ABNB (12.0%)

Airbnb

BKNG (16.0%)

Booking

DUOL (35.0%)

Duolingo

ETSY (3.5%)

Etsy

LOPE (5.3%)

Grand Canyon Education

ALSN (-7.4%)

Allison Transmission

WH (-2.1%)

Wyndham Hotels & Resorts

PRDO (20.0%)

Perdoceo Education

DECK (7.1%)

Deckers Outdoor

GRMN (16.6%)

Garmin

FCF/Rev 3Y Avg (Value for MH: 0.0%)

ABNB (39.2%)

Airbnb

BKNG (33.3%)

Booking

DUOL (32.1%)

Duolingo

ETSY (23.9%)

Etsy

LOPE (22.2%)

Grand Canyon Education

ALSN (21.4%)

Allison Transmission

WH (21.3%)

Wyndham Hotels & Resorts

PRDO (21.2%)

Perdoceo Education

DECK (20.8%)

Deckers Outdoor

GRMN (20.4%)

Garmin

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	McGraw Hill Stock Pre-Market (+19%) : Q3 EPS Beat, Raised FY26 Guidance	02/12/2026
2	McGraw Hill Earnings Notes	12/29/2026

	Title
0	ARTICLES

Trade Ideas

Select ideas related to MH.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MBLY_2272026_Dip_Buyer_HighCashEquity_ExInd	02272026	MBLY	Mobileye Global	Dip Buy	DB \| Cash/EquityDip Buyer with High Net Cash % Equity Buying dips for companies with significant net cash as a % of market cap along with meaningful cash flow generation	0.0%	0.0%	0.0%
SAH_2202026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02202026	SAH	Sonic Automotive	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-5.9%	-5.9%	-6.1%
MAT_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02132026	MAT	Mattel	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	2.9%	2.9%	0.0%
SONO_2132026_Insider_Buying_GTE_1Mil_EBITp+DE_V2	02132026	SONO	Sonos	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	-0.7%	-0.7%	-4.6%
DECK_2062026_Dip_Buyer_ValueBuy	02062026	DECK	Deckers Outdoor	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	1.6%	1.6%	-0.8%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FIGR	Figure Technology Solutions	4.1	21.3%	-3.1%
STGW	Stagwell	1.6	17.6%	26.0%
UAMY	United States Antimony	1.4	17.0%	123.7%
AXTI	AXT	1.9	14.9%	170.9%
ADCT	ADC Therapeutics	0.7	13.5%	36.0%
MAZE	Maze Therapeutics	2.3	13.3%	23.2%
BBIO	BridgeBio Pharma	14.4	13.2%	-2.8%
DYN	Dyne Therapeutics	2.8	11.8%	1.1%
TE	T1 Energy	1.3	11.5%	19.5%
HYMC	Hycroft Mining	1.9	10.5%	88.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MLAB	Mesa Laboratories	0.4	-16.5%	-6.6%
CNC	Centene	17.9	-16.0%	-11.5%
FNMA	Federal National Mortgage Association Fannie Mae	35.4	-13.6%	-43.8%
FMCC	Federal Home Loan Mortgage	17.2	-13.5%	-47.5%
CTOS	Custom Truck One Source	1.3	-11.3%	-1.7%
ESPR	Esperion Therapeutics	0.5	-11.2%	-27.0%
FICO	Fair Isaac	30.5	-10.8%	-24.0%
CRSP	CRISPR Therapeutics	5.0	-10.2%	0.7%
FTRE	Fortrea	0.8	-9.0%	-48.1%
NSP	Insperity	0.8	-8.9%	-46.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	2.2	112.2%	128.3%
QURE	uniQure	1.1	102.2%	-23.7%
BW	Babcock & Wilcox Enterprises	1.4	73.3%	121.5%
DNTH	Dianthus Therapeutics	3.3	56.9%	110.9%
AMPX	Amprius Technologies	2.3	54.8%	128.1%
SOC	Sable Offshore	1.4	54.3%	59.8%
HIMS	Hims & Hers Health	5.3	48.4%	-27.7%
TNGX	Tango Therapeutics	1.8	43.5%	86.2%
FIGR	Figure Technology Solutions	4.1	39.1%	-3.1%
IOVA	Iovance Biotherapeutics	1.9	38.9%	90.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	1.4	-32.7%	-37.0%
DSGR	Distribution Solutions	1.0	-29.9%	-23.7%
GO	Grocery Outlet	0.6	-28.7%	-37.4%
ENGN	enGene	0.4	-28.2%	-23.1%
VSCO	Victoria's Secret	3.9	-23.2%	-11.9%
STUB	Stubhub	2.5	-22.0%	-41.4%
FMCC	Federal Home Loan Mortgage	17.2	-21.6%	-47.5%
PI	Impinj	2.8	-20.5%	-46.7%
WOLF	Wolfspeed	0.4	-20.5%	-4.8%
GENI	Genius Sports	1.3	-19.9%	-53.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
AAOI	Applied Optoelectronics	7.6	172.0%	245.6%
FSLY	Fastly	3.4	165.3%	123.4%
CRCL	Circle Internet	27.1	107.0%	48.9%
IOVA	Iovance Biotherapeutics	1.9	105.5%	90.5%
NKTR	Nektar Therapeutics	1.4	95.8%	70.5%
ACHC	Acadia Healthcare	2.3	88.0%	77.2%
DAWN	Day One Biopharmaceuticals	2.2	86.5%	128.3%
AXTI	AXT	1.9	84.1%	170.9%
SOC	Sable Offshore	1.4	81.5%	59.8%
PVLA	Palvella Therapeutics	1.6	72.9%	35.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MNKD	MannKind	0.8	-54.8%	-54.0%
GRAL	GRAIL	1.8	-51.4%	-43.1%
CWH	Camping World	0.4	-49.0%	-28.7%
EOSE	Eos Energy Enterprises	1.7	-47.9%	-44.1%
NSP	Insperity	0.8	-47.2%	-46.9%
KD	Kyndryl	2.9	-45.9%	-52.2%
ULCC	Frontier	0.8	-44.5%	-23.1%
ARRY	Array Technologies	1.1	-40.4%	-23.3%
BTDR	Bitdeer Technologies	1.6	-39.6%	-32.2%
DRVN	Driven Brands	1.7	-39.6%	-30.5%

Peer Comparisons

Peers to compare with:

Financials

	MH	LRN	COUR	SCHL	CHGG	Median
Name	McGraw H.	Stride	Coursera	Scholast.	Chegg
Mkt Price	14.14	84.60	6.04	34.31	0.60	14.14
Mkt Cap	2.7	3.6	1.0	0.9	0.1	1.0
Rev LTM	2,112	2,519	758	1,620	448	1,620
Op Inc LTM	311	463	-78	32	-108	32
FCF LTM	240	179	89	45	8	89
FCF 3Y Avg	-	199	60	76	89	83
CFO LTM	436	248	109	86	43	109
CFO 3Y Avg	-	263	78	133	157	145

Growth & Margins

	MH	LRN	COUR	SCHL	CHGG	Median
Name	McGraw H.	Stride	Coursera	Scholast.	Chegg
Rev Chg LTM	3.2%	14.9%	9.0%	2.5%	-32.4%	3.2%
Rev Chg 3Y Avg	5.3%	12.7%	13.2%	-1.7%	-15.6%	5.3%
Rev Chg Q	4.2%	7.5%	9.9%	1.2%	-43.1%	4.2%
QoQ Delta Rev Chg LTM	0.8%	1.8%	2.4%	0.4%	-11.6%	0.8%
Op Mgn LTM	14.7%	18.4%	-10.3%	2.0%	-24.1%	2.0%
Op Mgn 3Y Avg	10.0%	14.9%	-16.4%	2.2%	-12.2%	2.2%
QoQ Delta Op Mgn LTM	0.2%	0.6%	-0.9%	1.0%	-0.9%	0.2%
CFO/Rev LTM	20.6%	9.8%	14.3%	5.3%	9.5%	9.8%
CFO/Rev 3Y Avg	-	12.0%	10.9%	8.2%	23.5%	11.4%
FCF/Rev LTM	11.4%	7.1%	11.8%	2.8%	1.7%	7.1%
FCF/Rev 3Y Avg	-	9.0%	8.3%	4.7%	12.8%	8.7%

Valuation

	MH	LRN	COUR	SCHL	CHGG	Median
Name	McGraw H.	Stride	Coursera	Scholast.	Chegg
Mkt Cap	2.7	3.6	1.0	0.9	0.1	1.0
P/S	1.3	1.4	1.3	0.5	0.1	1.3
P/EBIT	8.7	8.5	-12.9	28.4	-1.0	8.5
P/E	-37.9	11.4	-19.8	-256.3	-0.8	-19.8
P/CFO	6.2	14.7	9.3	10.1	1.5	9.3
Total Yield	-2.6%	8.8%	-5.0%	2.1%	-117.9%	-2.6%
Dividend Yield	0.0%	0.0%	0.0%	2.5%	0.0%	0.0%
FCF Yield 3Y Avg	-	6.2%	4.4%	8.7%	26.0%	7.4%
D/E	1.0	0.2	0.0	0.4	1.3	0.4
Net D/E	0.8	-0.0	-0.8	0.3	-0.2	-0.0

Returns

	MH	LRN	COUR	SCHL	CHGG	Median
Name	McGraw H.	Stride	Coursera	Scholast.	Chegg
1M Rtn	12.0%	-3.7%	2.2%	0.6%	-23.6%	0.6%
3M Rtn	-15.6%	36.5%	-26.5%	25.2%	-31.8%	-15.6%
6M Rtn	-4.2%	-49.1%	-49.5%	33.0%	-61.0%	-49.1%
12M Rtn	-16.8%	-29.9%	-13.7%	65.0%	-24.5%	-16.8%
3Y Rtn	-16.8%	111.0%	-46.7%	-13.1%	-96.2%	-16.8%
1M Excs Rtn	14.2%	-1.5%	4.4%	2.8%	-21.4%	2.8%
3M Excs Rtn	-14.6%	36.3%	-27.1%	22.7%	-30.8%	-14.6%
6M Excs Rtn	-10.4%	-53.0%	-52.3%	25.8%	-65.7%	-52.3%
12M Excs Rtn	-34.3%	-48.9%	-32.9%	47.7%	-48.3%	-34.3%
3Y Excs Rtn	-84.4%	30.2%	-115.6%	-87.9%	-164.0%	-87.9%

FDIC Bank Data

$ Mil \| FY: 3/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	3/31/2025	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020
Filing Date	2/11/2026	7/24/2025	3/13/2025	9/13/2023	3/8/2023	9/13/2023	3/8/2023
Key Financials
Total Revenue	2,112	2,101	1,960	1,948	1,790	1,545	1,585
EBITDA	674	669	571	496	336	375	217
Operating Income	311	307	205	124	56	255	83
Net Income	-71	-86	-193	-404	-674	45	-135
EPS	-0.36	-0.45	-1.01	-2.12	-3.53	0.23	-0.71
Growth Rates
Total Revenue Growth	3.2%	7.2%	0.7%	8.8%	15.9%	-2.5%	-
EBITDA Growth	-3.0%	17.2%	15.2%	47.7%	-10.4%	72.8%	-
Operating Income Growth	10.7%	49.8%	65.4%	122.0%	-78.1%	205.9%	-
Net Income Growth	4.7%	55.5%	52.2%	40.1%	-1606.7%	133.1%	-
Margins
EBITDA Margin	31.9%	31.8%	29.1%	25.5%	18.8%	24.3%	13.7%
Operating Income Margin	14.7%	14.6%	10.4%	6.4%	3.1%	16.5%	5.3%
Net Income Margin	-3.4%	-4.1%	-9.8%	-20.7%	-37.7%	2.9%	-8.5%
Cash & Debt
Total Cash	514	390	204	181	296	354	�
Total Debt	2,693	3,255	3,530	3,590	3,697	2,209	0
Net Debt / (Cash)	2,179	2,865	3,326	3,408	3,401	1,855	�
Cash Flows
Net Cash from Operations	436	646	236	257	�	395	264
Free Cash from Operations	240	485	80	116	�	287	116
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	1
Share Repurchases	-0	-0	-0	-0	-0	-0	2

$ Mil \| FY: 3/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023
Filing Date	2/11/2026	11/12/2025	8/14/2025	7/24/2025	3/13/2025	11/12/2025	8/14/2025	3/13/2025	3/13/2025
Key Financials Quarterly
Total Revenue	434	669	536	473	416	689	523	419	399
Ebitda	126	249	184	114	114	276	165	140	90
Operating Income	30	157	96	28	24	179	76	2	14
Net Income	-20	105	1	-157	-53	133	-9	-146	-76
EPS	-0.11	0.57	0.00	-0.82	-0.28	0.70	-0.05	-0.76	-0.40
Key Financials TTM
Total Revenue TTM	2,112	2,095	2,114	2,101	2,047	2,030	1,842	1,720	1,708
Ebitda TTM	674	662	689	669	695	671	516	434	396
Operating Income TTM	311	305	327	307	281	270	137	3	25
Net Income TTM	-71	-104	-76	-86	-75	-98	-263	-369	-535
Growth Rates Quarterly
Total Revenue Growth	4.2%	-2.8%	2.4%	12.9%	4.4%	37.4%	30.5%	3.0%	-36.5%
EBITDA Growth	10.6%	-9.7%	11.8%	-18.2%	26.4%	127.4%	99.6%	37.1%	-47.6%
Operating Income Growth	25.8%	-12.6%	27.0%	1364.0%	76.6%	294.2%	230.0%	-92.2%	-85.3%
Net Income Growth	61.8%	-21.1%	105.3%	-7.5%	30.3%	520.0%	91.8%	53.3%	-408.5%
Margins Quarterly
EBITDA Margin	29.0%	37.3%	34.4%	24.1%	27.4%	40.1%	31.5%	33.3%	22.6%
Operating Income Margin	7.0%	23.4%	18.0%	5.9%	5.8%	26.0%	14.5%	0.5%	3.4%
Net Income Margin	-4.7%	15.7%	0.1%	-33.1%	-12.7%	19.4%	-1.8%	-34.8%	-19.0%
Cash & Debt
Total Cash	514	463	247	390	549	-	-	204	-
Total Debt	2,693	2,885	3,256	3,255	3,308	0	0	3,530	0
Net Debt / (Cash)	2,179	2,422	3,009	2,865	2,759	-	-	3,326	-
Cash Flows Quarterly
FCF from Operations	309	265	-97	-41	275	415	-3	-101	-
Cash Flows TTM
FCF from Operations TTM	436	402	553	646	586	-	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.4%	14.3%	0.1%	2.5%	2.2%	-	-	0.2%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.5%	6.9%	7.2%	6.9%	6.5%	-	-	0.1%	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
K-12	905	958	791	584	594
Higher Education	702	654	664	649	629
International	200	188	186	169	203
Global Professional	153	148	148	142	157
Other	-0	-0	0	1	2
Total	1,960	1,948	1,790	1,545	1,585

Operating Income by Segment

$ Mil	2025	2024
K-12	291	304
Higher Education	290	245
Global Professional	43	39
International	31	24
Other	1	6
Transaction and integration costs	-8	-7
Advisory fees	-10
Adjusted EBITDA - other	-17
Purchase accounting	-18	-47
Restructuring and cost savings implementation charges	-33	-21
Impairment charge	-50	-312
Depreciation, amortization and product development amortization	-366	-372
Integration costs		-31
Sponsor fees		-10
Total	155	-180

	1M	2M	3M	6M	1Y	3Y
Beta	0.03	0.62	0.80	0.60	0.20	-0.11
Up Beta	3.30	3.31	3.28	1.69	0.05	-0.43
Down Beta	-4.46	-1.33	-0.88	-0.22	0.09	-0.60
Up Capture	29%	4%	19%	51%	14%	2%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	10	17	25	54	65	65
Down Capture	82%	159%	161%	81%	60%	39%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	11	24	36	68	83	83

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MH
MH	-16.9%	63.2%	-0.23	-
Sector ETF (XLY)	12.1%	23.9%	0.42	13.4%
Equity (SPY)	18.7%	19.1%	0.77	11.1%
Gold (GLD)	79.6%	26.2%	2.22	-7.4%
Commodities (DBC)	19.2%	17.2%	0.88	-13.6%
Real Estate (VNQ)	5.3%	16.4%	0.14	9.4%
Bitcoin (BTCUSD)	-20.4%	45.5%	-0.36	9.8%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MH
MH	-3.6%	63.2%	-0.23	-
Sector ETF (XLY)	8.4%	23.7%	0.31	13.4%
Equity (SPY)	13.7%	17.0%	0.64	11.1%
Gold (GLD)	24.5%	17.2%	1.16	-7.4%
Commodities (DBC)	11.6%	19.0%	0.50	-13.6%
Real Estate (VNQ)	5.3%	18.8%	0.19	9.4%
Bitcoin (BTCUSD)	6.5%	56.8%	0.33	9.8%

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with MH
MH	-1.8%	63.2%	-0.23	-
Sector ETF (XLY)	12.8%	21.9%	0.54	13.4%
Equity (SPY)	14.9%	17.8%	0.72	11.1%
Gold (GLD)	15.1%	15.6%	0.81	-7.4%
Commodities (DBC)	8.9%	17.6%	0.42	-13.6%
Real Estate (VNQ)	5.9%	20.7%	0.25	9.4%
Bitcoin (BTCUSD)	66.0%	66.8%	1.05	9.8%

Short Interest

Short Interest: As Of Date	2272026
Short Interest: Shares Quantity	4.2 Mil
Short Interest: % Change Since 2152026	-1.4%
Average Daily Volume	0.5 Mil
Days-to-Cover Short Interest	8.5 days
Basic Shares Quantity	191.0 Mil
Short % of Basic Shares	2.2%

Returns Analyses

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Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/11/2026	16.0%	7.5%
11/12/2025	23.9%	42.8%	50.8%
8/14/2025	-5.8%	7.6%	5.0%
SUMMARY STATS
# Positive	2	3	2
# Negative	1	0	0
Median Positive	19.9%	7.6%	27.9%
Median Negative	-5.8%
Max Positive	23.9%	42.8%	50.8%
Max Negative	-5.8%

	Forward Returns
2/11/2026	16.0%	7.5%
11/12/2025	23.9%	42.8%	50.8%
8/14/2025	-5.8%	7.6%	5.0%
SUMMARY STATS
# Positive	2	3	2
# Negative	1	0	0
Median Positive	19.9%	7.6%	27.9%
Median Negative	-5.8%
Max Positive	23.9%	42.8%	50.8%
Max Negative	-5.8%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/11/2026	10-Q
09/30/2025	11/12/2025	10-Q
06/30/2025	08/14/2025	10-Q
03/31/2025	07/24/2025	424B4
12/31/2024	03/13/2025	DRS/A
06/30/2023	09/13/2023	DRS/A
12/31/2022	03/08/2023	DRS/A
09/30/2022	12/22/2022	DRS/A
06/30/2022	11/04/2022	DRS

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Reinemund, Steven		The Gail T Reinemund Irrevocable Trust FBO	Buy	11182025	15.03	15,710	236,121	236,121	Form
2	Cortese, David	EVP & CDIO	Direct	Buy	7282025	17.00	2,500	42,500	42,500	Form
3	Tiska, Tracey	EVP & CHRO	Direct	Buy	7282025	17.00	4,000	68,000	68,000	Form
4	Sallmann, Robert	EVP & CFO	Direct	Buy	7282025	17.00	3,000	51,000	51,000	Form
5	Sigler, Mary Ann		Direct	Buy	7252025	17.00	7,500	127,500	127,500	Form

MH Trade Sentinel

Stock Conviction

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Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing MH?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What MH Makes & Who Pays

TTM figures based on

MH Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

McGraw Hill (MH)

Market Price (3/11/2026): $14.15 | Market Cap: $2.7 BilSector: Consumer Discretionary | Industry: Education Services

McGraw Hill (MH)

Market Price (3/11/2026): $14.15Market Cap: $2.7 BilSector: Consumer DiscretionaryIndustry: Education Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About McGraw Hill (MH)

Major Customers of McGraw Hill (Symbol: MH)

1. K-12 Students and Educators

2. Higher Education Students and Instructors

3. Professionals

Addressable Market Sizes:

K-12 Education Market

Higher Education Market

Professional and Continuing Education Market

Expected Drivers of Future Revenue Growth for McGraw Hill (MH)

Share Issuance

Inbound Investments

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. McGraw Hill (MH)

INDUSTRY: Education Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for MH: 5.3% | 1.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MH: 5.3% | 8.7x)

Higher Rev Chg LTM (Value for MH: 3.2%)

Higher Rev Chg 3Y Avg (Value for MH: 5.3%)

Higher Op Mgn LTM (Value for MH: 14.7%)

Higher CFO/Rev LTM (Value for MH: 20.6%)

Higher FCF/Rev LTM (Value for MH: 11.4%)

Higher Total Yield (Value for MH: -2.6%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for MH: 5.3% | 1.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MH: 5.3% | 8.7x)

Higher Rev Chg LTM (Value for MH: 3.2%)

Higher Rev Chg 3Y Avg (Value for MH: 5.3%)

Higher Op Mgn LTM (Value for MH: 14.7%)

Higher CFO/Rev LTM (Value for MH: 20.6%)

Higher FCF/Rev LTM (Value for MH: 11.4%)

Higher Total Yield (Value for MH: -2.6%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for MH: 5.3% | 1.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for MH: 5.3% | 8.7x)

Higher Rev Chg LTM (Value for MH: 3.2%)

Higher Rev Chg 3Y Avg (Value for MH: 5.3%)

Higher Op Mgn LTM (Value for MH: 14.7%)

Higher CFO/Rev LTM (Value for MH: 20.6%)

Higher FCF/Rev LTM (Value for MH: 11.4%)

Higher Total Yield (Value for MH: -2.6%)

Best Bets in Consumer Discretionary

P/EBIT (Value for MH: 8.7x)

P/E (Value for MH: -37.9x)

Rev Chg 3Y Avg (Value for MH: 5.3%)

Rev Chg LTM (Value for MH: 3.2%)

Rev Chg Q (Value for MH: 4.2%)

FCF/Rev 3Y Avg (Value for MH: 0.0%)

Latest Trefis Analyses

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Market Price (3/11/2026): $14.15 | Market Cap: $2.7 Bil
Sector: Consumer Discretionary | Industry: Education Services

Market Price (3/11/2026): $14.15
Market Cap: $2.7 Bil
Sector: Consumer Discretionary
Industry: Education Services