Scholastic (SCHL)
Market Price (8/22/2026): $40.18 | Market Cap: $819.7 MilSector: Communication Services | Industry: Publishing
Scholastic (SCHL)
Market Price (8/22/2026): $40.18Market Cap: $819.7 MilSector: Communication ServicesIndustry: Publishing
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9% Low stock price volatilityVol 12M is 37% Megatrend and thematic driversMegatrends include Future of Education. Themes include Children's Book Publishing, K-12 Educational Content, and Digital Learning Platforms. | Weak multi-year price returns2Y Excs Rtn is -0.2%, 3Y Excs Rtn is -74% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -6.3% Key risksSCHL key risks include [1] significant revenue declines in its Education Solutions segment due to uncertain school spending, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.4%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Future of Education. Themes include Children's Book Publishing, K-12 Educational Content, and Digital Learning Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -0.2%, 3Y Excs Rtn is -74% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Key risksSCHL key risks include [1] significant revenue declines in its Education Solutions segment due to uncertain school spending, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Scholastic (SCHL) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Enhanced Shareholder Returns through Dividend Increase and Share Repurchase Programs.
Scholastic bolstered investor confidence by increasing its regular quarterly dividend by 25% to $0.25 per share, effective July 22, 2026. This move signaled management's positive outlook and commitment to returning capital to shareholders. Furthermore, the company executed a significant share repurchase strategy, including a modified Dutch Auction tender offer finalized on April 23, 2026, which aimed to purchase 2,852,735 shares at $40.00 per share. This was part of a broader plan to return over $285 million to shareholders during fiscal year 2026.
2. Fiscal Q4 2026 Adjusted EBITDA Met Guidance and Positive Fiscal 2027 Outlook.
Despite reporting fiscal Q4 2026 (ended May 31, 2026) revenue of $476.10 million that missed analyst expectations by nearly 8%, Scholastic's Adjusted EBITDA for fiscal 2026 reached $151.5 million, up 4%, aligning with company guidance. The company's outlook for fiscal 2027 targets a return to revenue growth and higher Adjusted EBITDA on a comparable basis, which likely supported positive investor sentiment despite some analyst concerns regarding the initial revenue guidance for the new fiscal year.
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Scholastic (SCHL) stock has remained largely at the same level since 4/30/2026 because of the following key factors:
1. Enhanced Shareholder Returns through Dividend Increase and Share Repurchase Programs.
Scholastic bolstered investor confidence by increasing its regular quarterly dividend by 25% to $0.25 per share, effective July 22, 2026. This move signaled management's positive outlook and commitment to returning capital to shareholders. Furthermore, the company executed a significant share repurchase strategy, including a modified Dutch Auction tender offer finalized on April 23, 2026, which aimed to purchase 2,852,735 shares at $40.00 per share. This was part of a broader plan to return over $285 million to shareholders during fiscal year 2026.
2. Fiscal Q4 2026 Adjusted EBITDA Met Guidance and Positive Fiscal 2027 Outlook.
Despite reporting fiscal Q4 2026 (ended May 31, 2026) revenue of $476.10 million that missed analyst expectations by nearly 8%, Scholastic's Adjusted EBITDA for fiscal 2026 reached $151.5 million, up 4%, aligning with company guidance. The company's outlook for fiscal 2027 targets a return to revenue growth and higher Adjusted EBITDA on a comparable basis, which likely supported positive investor sentiment despite some analyst concerns regarding the initial revenue guidance for the new fiscal year.
3. Strong Performance in the Book Fairs Segment.
A core driver of Scholastic's operational strength was the robust performance of its Book Fairs segment. In fiscal Q4 2026, this segment saw revenues increase by 5%, attributed to a higher fair count. This growth highlighted successful execution in a key business area, contributing positively to the overall financial results and signaling healthy engagement in school-based reading events.
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Stock Movement Drivers
Fundamental Drivers
The -0.5% change in SCHL stock from 4/30/2026 to 8/21/2026 was primarily driven by a -7.7% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.36 | 40.14 | -0.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,614 | 1,582 | -2.0% |
| Net Income Margin (%) | 3.9% | 3.6% | -7.7% |
| P/E Multiple | 15.4 | 14.4 | -6.1% |
| Shares Outstanding (Mil) | 24 | 20 | 17.2% |
| Cumulative Contribution | -0.5% |
Market Drivers
4/30/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| SCHL | -0.5% | |
| Market (SPY) | 6.5% | 7.6% |
| Sector (XLC) | -4.4% | 0.1% |
Fundamental Drivers
The 15.4% change in SCHL stock from 1/31/2026 to 8/21/2026 was primarily driven by a 24.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 34.80 | 40.14 | 15.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,620 | 1,582 | -2.4% |
| P/S Multiple | 0.5 | 0.5 | -5.1% |
| Shares Outstanding (Mil) | 25 | 20 | 24.5% |
| Cumulative Contribution | 15.4% |
Market Drivers
1/31/2026 to 8/21/2026| Return | Correlation | |
|---|---|---|
| SCHL | 15.4% | |
| Market (SPY) | 11.0% | 5.9% |
| Sector (XLC) | -6.9% | 9.3% |
Fundamental Drivers
The 66.9% change in SCHL stock from 7/31/2025 to 8/21/2026 was primarily driven by a 34.0% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.05 | 40.14 | 66.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,626 | 1,582 | -2.7% |
| P/S Multiple | 0.4 | 0.5 | 34.0% |
| Shares Outstanding (Mil) | 26 | 20 | 27.9% |
| Cumulative Contribution | 66.9% |
Market Drivers
7/31/2025 to 8/21/2026| Return | Correlation | |
|---|---|---|
| SCHL | 66.9% | |
| Market (SPY) | 22.2% | 14.9% |
| Sector (XLC) | 4.7% | 16.0% |
Fundamental Drivers
The 0.8% change in SCHL stock from 7/31/2023 to 8/21/2026 was primarily driven by a 59.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 7312023 | 8212026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.83 | 40.14 | 0.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,704 | 1,582 | -7.2% |
| Net Income Margin (%) | 5.1% | 3.6% | -29.3% |
| P/E Multiple | 15.0 | 14.4 | -3.9% |
| Shares Outstanding (Mil) | 33 | 20 | 59.8% |
| Cumulative Contribution | 0.8% |
Market Drivers
7/31/2023 to 8/21/2026| Return | Correlation | |
|---|---|---|
| SCHL | 0.8% | |
| Market (SPY) | 73.2% | 20.9% |
| Sector (XLC) | 67.1% | 18.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SCHL Return | 63% | 0% | -3% | -42% | 44% | 36% | 82% |
| Peers Return | 21% | -24% | 17% | 35% | 16% | 2% | 72% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| SCHL Win Rate | 83% | 50% | 58% | 50% | 67% | 62% | |
| Peers Win Rate | 52% | 42% | 48% | 60% | 60% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SCHL Max Drawdown | -18% | -39% | -31% | -50% | -28% | -16% | |
| Peers Max Drawdown | -22% | -40% | -27% | -22% | -34% | -29% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LRN, HAS, MAT, DIS, FOXA. See SCHL Returns vs. Peers.
[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 8/21/2026 (YTD)
How Low Can It Go
| Event | SCHL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.3% | -18.8% |
| % Gain to Breakeven | 27.1% | 23.1% |
| Time to Breakeven | 68 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -18.4% | -7.8% |
| % Gain to Breakeven | 22.5% | 8.5% |
| Time to Breakeven | 522 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.5% | -9.5% |
| % Gain to Breakeven | 25.8% | 10.5% |
| Time to Breakeven | 935 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.4% | -6.7% |
| % Gain to Breakeven | 41.7% | 7.1% |
| Time to Breakeven | 140 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.4% | -24.5% |
| % Gain to Breakeven | 37.7% | 32.4% |
| Time to Breakeven | 50 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.7% | -33.7% |
| % Gain to Breakeven | 63.1% | 50.9% |
| Time to Breakeven | 434 days | 140 days |
In The Past
Scholastic's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | SCHL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.3% | -18.8% |
| % Gain to Breakeven | 27.1% | 23.1% |
| Time to Breakeven | 68 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -20.5% | -9.5% |
| % Gain to Breakeven | 25.8% | 10.5% |
| Time to Breakeven | 935 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.4% | -6.7% |
| % Gain to Breakeven | 41.7% | 7.1% |
| Time to Breakeven | 140 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.4% | -24.5% |
| % Gain to Breakeven | 37.7% | 32.4% |
| Time to Breakeven | 50 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.7% | -33.7% |
| % Gain to Breakeven | 63.1% | 50.9% |
| Time to Breakeven | 434 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.7% | -12.2% |
| % Gain to Breakeven | 29.4% | 13.9% |
| Time to Breakeven | 291 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -73.7% | -53.4% |
| % Gain to Breakeven | 280.4% | 114.4% |
| Time to Breakeven | 1106 days | 1085 days |
In The Past
Scholastic's stock fell -21.3% during the 2025 US Tariff Shock. Such a loss loss requires a 27.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Scholastic (SCHL)
Scholastic Corporation is a global publishing and distribution company primarily focused on children's literature, educational materials, and related media. With a history dating back to 1920, the company creates, publishes, and distributes a diverse array of products designed for children, educators, and families around the world.
Its main products include a wide range of popular children's book series such as Harry Potter, Dog Man, The Hunger Games, and Clifford the Big Red Dog, alongside activity kits from brands like Klutz and non-fiction titles. In the education sector, Scholastic publishes classroom magazines (e.g., Scholastic News, Junior Scholastic), supplemental learning programs, and online reference materials. The company also produces e-books, interactive products, and digital educational resources.
Scholastic serves a primary customer base of children, parents, and educators. Its products are distributed through various channels, notably via school-based book clubs and book fairs, which are core to its business model. Additionally, it reaches customers through traditional retail stores, libraries, and online platforms, with a significant international presence offering tailored educational and trade publishing programs globally.
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Here are 1-3 brief analogies to describe Scholastic:
The Disney of children's books and school learning.
A publisher and distributor of children's books and educational materials, operating like a dedicated 'Amazon for schools' for reading and learning.
AI Analysis | Feedback
- Children's Books: Scholastic publishes and distributes a vast array of children's books, e-books, and interactive media, encompassing popular original series and licensed properties.
- Books Plus Activity Products: The company creates and sells "books plus" items and activity kits through brands like Klutz and Make Believe Ideas.
- Classroom Magazines: Scholastic produces and distributes various educational classroom magazines, such as Scholastic News and Junior Scholastic, for different grade levels.
- Supplemental and Classroom Materials: It provides diverse supplemental and core classroom materials, programs, and support services for schools.
- Reference and Non-Fiction Educational Products: The company offers both print and online reference and non-fiction products specifically designed for educational environments.
- Educational Consulting Services: Scholastic provides consulting services tailored to schools and educational institutions.
- Digital Educational Resources and Online Subscriptions: It offers digital educational resources and online subscription services, particularly through its international segment.
AI Analysis | Feedback
Scholastic Corporation (SCHL) primarily sells its products and services to individuals, leveraging various channels to reach them. Based on the company description, the major categories of customers it serves are:
- Children and their Parents: This is the primary demographic for the vast majority of Scholastic's book sales. Products like the Harry Potter, Dog Man, and Goosebumps series are directly marketed and sold to children, with purchases often facilitated by parents through school book clubs, school book fairs, and direct online sales, as well as through retail channels.
- Individual Educators/Teachers: Teachers often purchase classroom magazines (e.g., Scholastic News, Storyworks), supplemental materials, and books for their classroom libraries, whether using school funds or their own personal funds. Scholastic provides resources directly tailored for classroom use by individual educators.
- The General Public: This category encompasses any individual who purchases Scholastic books and other products through traditional retail stores (bookstores, mass merchandisers) or online channels (like Amazon or Scholastic's own website), outside of the specific school-based programs. This broad category includes gift-givers, adult readers of children's books, and others who discover Scholastic titles through the wider trade market.
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Peter Warwick, President and Chief Executive Officer
Peter Warwick became President and CEO of Scholastic in August 2021, making him the third CEO in the company's over 100-year history. He had previously served as an independent director on Scholastic's Board from 2014 to 2021. Prior to Scholastic, Peter held several senior leadership positions at Thomson Reuters, including CEO of its Legal and Regulatory businesses in the APAC region, CEO of Thomson Tax & Accounting, and CEO of Thomson Legal, before retiring as Chief People Officer in 2018. He also began his career at Pearson, where he became CEO of the company's professional education and information business unit. Peter, born in the United Kingdom, holds degrees in history from Bristol University and York University, and started his career in educational publishing.
Haji Glover, Executive Vice President and Chief Financial Officer
Haji Glover was named Executive Vice President & Chief Financial Officer of Scholastic, effective January 22, 2024. He previously held the role of Senior Vice President of Corporate Finance at Scholastic from 2020 to 2022. Most recently, he served as the Director of Finance at Amazon, leading the finance organization for the People Experience and Technology division. Before his initial tenure at Scholastic, Mr. Glover held various finance leadership roles at Lockheed Martin, Ford Motor Company, Honeywell International, and Alvogen Group.
Iole Lucchese, Chair of the Board and Executive Vice President, Chief Strategy Officer and President, Scholastic Entertainment
Iole Lucchese was appointed Executive Vice President of Scholastic Corporation in 2016 and Chair of the Board of Directors in 2021, having served as Chief Strategy Officer since 2014. A 30-year veteran of the company, she started her career with Scholastic Canada Book Clubs. She has been instrumental in modernizing Scholastic for the digital age, forging new partnerships, and successfully relaunching Scholastic Entertainment. In 2021, she was given 54 percent of the former CEO Richard Robinson's super-voting Class A shares, making her the effective owner of Scholastic.
Jeffrey Mathews, Executive Vice President, Chief Growth Officer, and President, Scholastic Education
Jeffrey Mathews was appointed President, Scholastic Education in 2025 and Chief Growth Officer in 2024. In his role as Chief Growth Officer, he partners with leaders across the business to refine and implement Scholastic's long-term growth strategy, and also leads the company's corporate development and investor relations functions. As President, Scholastic Education, he focuses on deepening the company's impact in schools, communities, and homes.
Beth Polcari, President, Education Solutions
Beth Polcari was named President of Education Solutions in August 2023. She previously served as President of International since 2020. Having started her career at Scholastic in 1984, Ms. Polcari has held leadership roles in finance, operations, and strategy within the U.S. education businesses. Her accomplishments include establishing the Early Childhood Division and managing the growth of the supplementary publishing business.
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The key risks to Scholastic Corporation's (SCHL) business include challenges within its Education Solutions segment, intense competition and digital disruption in the publishing and educational markets, and a significant reliance on successful new book titles and maintaining relationships with creative talent.
- Declining Education Solutions Segment and School Funding Pressures: Scholastic's Education Solutions segment has faced significant headwinds, experiencing declines in revenue due to challenging market conditions and reduced spending on supplemental educational materials by schools. School budget pressures are identified as a major risk that directly impacts this core part of Scholastic's business, with sales in this division falling significantly in recent periods.
- Highly Competitive and Evolving Market, including Digital Disruption: The company operates in a highly competitive landscape for children's books, educational products, and entertainment. Scholastic faces stiff competition from other traditional publishers, media companies, and increasingly from larger education technology companies and online mass merchants like Amazon. The accelerated digitization of education poses a direct challenge to Scholastic's traditional physical book fair and club models, necessitating adaptation to changing consumer and school purchasing patterns and preferences.
- Dependence on Blockbuster Titles and Creative Talent: Scholastic's financial success is heavily reliant on its ability to consistently publish popular new children's book series and maintain strong relationships with authors, illustrators, and other creative talent. The business faces a risk of unpredictable revenue streams due to a concentration around marquee creators and intellectual property (IP), meaning financial performance can be "lumpy and unpredictable" without a steady stream of best-selling titles.
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The clear emerging threat to Scholastic Corporation is the increasing market dominance and widespread adoption of comprehensive, subscription-based digital platforms that offer curated children's books, interactive stories, and educational content. These platforms, often backed by major technology or media companies, pose a direct challenge to Scholastic's traditional school book club and school book fair channels, as well as its individual book sales and educational materials. By providing unlimited access to a vast library of content for a recurring fee, potentially incorporating interactive elements and reaching schools directly, they could fundamentally disrupt the transaction-based model of acquiring physical and individual digital titles, diminishing the appeal and necessity of Scholastic's established distribution networks.
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Here are 3-5 expected drivers of future revenue growth for Scholastic (symbol: SCHL) over the next 2-3 years:
- Strategic Acquisition and Integration of 9 Story Media Group: Scholastic's acquisition of 9 Story Media Group is expected to contribute to top-line growth, as indicated by its partial-year contribution to fiscal 2025 revenue guidance. This acquisition is aimed at enhancing Scholastic's capabilities in children's entertainment, creating synergies with existing intellectual properties, and expanding the company's footprint in global children's media.
- Continued Growth and Expansion of School Book Fairs: The company has outlined plans to increase its book fair count, targeting 90,000 fairs in fiscal 2025, which is expected to contribute to modest growth in this segment. Recent performance has shown growth in Book Fairs revenue driven by a higher fair count and increased revenue per fair, with expectations for these trends to continue.
- Strong Performance and New Releases of Key Intellectual Properties (IP) in Trade Publishing: Scholastic anticipates revenue growth from its successful original and licensed intellectual properties. The strong performance of franchises such as Dav Pilkey's "Dog Man" series, along with new and special edition releases from "The Hunger Games" and "Harry Potter" franchises, are key contributors to trade publishing revenue and are expected to drive future sales. The company also benefits from foreign rights deals related to its IP.
- Expansion into and Monetization of Digital and Screen-based Content: Scholastic is pursuing a 360-degree content creation strategy to transform its existing book series into screen content. Initiatives such as the launch of a Scholastic-branded streaming app and the growth of classic content on platforms like YouTube are part of this strategy, aiming to expand digital presence and monetize its extensive library of children's media.
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Share Repurchases
- In October 2022, Scholastic authorized the repurchase of up to $75 million of its common stock through a modified "Dutch Auction" tender offer.
- In December 2025, the Board expanded its share repurchase authorization to $150 million.
- As of March 2026, the company announced a $200 million accelerated share buyback plan.
Share Issuance
No significant share issuances were identified over the last 3-5 years.
Outbound Investments
- In June 2024, Scholastic finalized the acquisition of 9 Story Media Group, a children's content producer and distributor, for approximately US$182 million (CAD $250 million) to enhance its content creation and distribution capabilities.
- In December 2025, Scholastic announced a comprehensive branding, publishing, and distribution partnership with Mark Rober, founder of the educational technology company CrunchLabs.
Capital Expenditures
- Capital expenditures were $26 million in fiscal year 2022, $62 million in fiscal year 2023, and $58 million in fiscal year 2024.
- In fiscal year 2025, capital expenditures related to the New York City headquarters property amounted to $7.3 million prior to its sale-leaseback.
- For the second quarter of fiscal year 2026 (ended November 30, 2025), capital expenditures totaled $6.2 million.
Peer Outperformance in Publishing
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | -2.3% | 41.6% | 35.0% | ECHO 259% · TMUS 35% · SHEN -59% |
| Publishing ← | 5 | 30.5% | 1.2% | 33.1% | NWSA 44% · NYT 39% · SCHL 33% |
| Integrated Telecommunication Services | 21 | -10.1% | 16.0% | -12.2% | IQST 1486% · GSAT 346% · AD 148% |
| Movies & Entertainment | 23 | 12.4% | 88.1% | -16.5% | IMAX 277% · MSGS 164% · CNK 157% |
| Alternative Carriers | 4 | 52.4% | 22.2% | -40.8% | IRDM 31% · UNIT -37% · LUMN -44% |
| Advertising | 18 | -2.2% | -9.4% | -54.9% | APP 337% · EVC 66% · OMC 46% |
| Broadcasting | 14 | -0.8% | -13.9% | -65.5% | FOXA 99% · NXST 54% · WBD 2% |
| Interactive Media & Services | 31 | -25.7% | -34.5% | -67.9% | GOOGL 153% · AREN 71% · META 54% |
| Interactive Home Entertainment | 8 | -41.0% | -48.9% | -88.8% | TTWO 49% · RBLX -54% · PINS -57% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 76.45 |
| Mkt Cap | 8.7 |
| Rev LTM | 5,232 |
| Op Inc LTM | 808 |
| FCF LTM | 761 |
| FCF 3Y Avg | 692 |
| CFO LTM | 977 |
| CFO 3Y Avg | 890 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 3.4% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 7.9% |
| Op Inc Chg 3Y Avg | 18.5% |
| Op Mgn LTM | 16.6% |
| Op Mgn 3Y Avg | 15.0% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 14.7% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 8.5% |
| FCF/Rev 3Y Avg | 11.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Children's Book Publishing & Distribution | 964 | 953 | 1,019 | 946 | 675 |
| Education Solutions | 310 | 351 | 387 | 394 | 312 |
| International | 280 | 274 | 279 | 303 | 313 |
| Entertainment | 61 | 2 | 19 | ||
| Overhead | 11 | 10 | 0 | ||
| Total | 1,626 | 1,590 | 1,704 | 1,643 | 1,300 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Children's Book Publishing & Distribution | 131 | 123 | 142 | 115 | 9 |
| Education Solutions | 6 | 16 | 58 | 82 | 58 |
| International | -1 | -7 | -4 | 3 | 21 |
| Entertainment | -12 | -11 | 1 | ||
| Overhead | -108 | -106 | -92 | -103 | -110 |
| Total | 16 | 14 | 106 | 97 | -23 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Children's Book Publishing & Distribution | 604 | 556 | 587 | 559 | 518 |
| Overhead | 574 | 608 | 716 | 834 | 948 |
| International | 269 | 256 | 260 | 258 | 302 |
| Entertainment | 257 | 9 | 13 | ||
| Education Solutions | 246 | 242 | 291 | 289 | 240 |
| Total | 1,950 | 1,671 | 1,867 | 1,941 | 2,008 |
Price Behavior
| Market Price | $40.14 | |
| Market Cap ($ Bil) | 0.8 | |
| First Trading Date | 02/25/1992 | |
| Distance from 52W High | -15.2% | |
| 50 Days | 200 Days | |
| DMA Price | $43.59 | $36.90 |
| DMA Trend | up | up |
| Distance from DMA | -7.9% | 8.8% |
| 3M | 1YR | |
| Volatility | 37.6% | 36.7% |
| Downside Capture | 24.61 | 3.81 |
| Upside Capture | 14.97 | 61.65 |
| Correlation (SPY) | 5.3% | 14.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.14 | -0.31 | -0.16 | -0.01 | 0.33 | 0.58 |
| Up Beta | 3.75 | 0.23 | 0.17 | 0.32 | 0.41 | 0.44 |
| Down Beta | -1.06 | -0.39 | -0.49 | -0.19 | 0.41 | 0.42 |
| Up Capture | -178% | -41% | -10% | 8% | 47% | 37% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 21 | 32 | 71 | 142 | 392 |
| Down Capture | -5% | -49% | -19% | -32% | -7% | 94% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 21 | 30 | 54 | 108 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCHL | |
|---|---|---|---|---|
| SCHL | 63.2% | 36.8% | 1.40 | - |
| Sector ETF (XLC) | 2.4% | 15.1% | -0.05 | 14.0% |
| Equity (SPY) | 21.1% | 12.9% | 1.22 | 13.8% |
| Gold (GLD) | 37.5% | 28.8% | 1.10 | 1.4% |
| Commodities (DBC) | 43.2% | 20.2% | 1.66 | -1.1% |
| Real Estate (VNQ) | 12.9% | 13.8% | 0.64 | 14.3% |
| Bitcoin (BTCUSD) | -35.4% | 43.5% | -0.88 | 6.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCHL | |
|---|---|---|---|---|
| SCHL | 6.3% | 41.7% | 0.27 | - |
| Sector ETF (XLC) | 7.1% | 20.9% | 0.25 | 18.5% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 23.0% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | -0.2% |
| Commodities (DBC) | 10.4% | 19.6% | 0.41 | 2.9% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 21.3% |
| Bitcoin (BTCUSD) | 9.1% | 52.7% | 0.36 | 10.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCHL | |
|---|---|---|---|---|
| SCHL | 2.0% | 37.6% | 0.17 | - |
| Sector ETF (XLC) | 9.2% | 22.2% | 0.46 | 27.8% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 34.6% |
| Gold (GLD) | 12.7% | 16.2% | 0.64 | -2.3% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 12.7% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 33.5% |
| Bitcoin (BTCUSD) | 62.2% | 66.1% | 1.02 | 9.5% |
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Returns Analyses
Earnings Returns History
Updated 8/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -7.1% | -9.9% | -13.6% |
| 3/19/2026 | 8.8% | 14.0% | 16.1% |
| 12/18/2025 | -6.2% | 2.3% | 19.7% |
| 9/18/2025 | -12.0% | -4.1% | 3.2% |
| 7/24/2025 | 23.9% | 14.5% | 17.9% |
| 3/20/2025 | 12.9% | -0.8% | -12.7% |
| 12/19/2024 | -20.2% | -14.3% | -19.9% |
| 9/26/2024 | 6.2% | -15.3% | -18.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 12 |
| # Negative | 13 | 15 | 12 |
| Median Positive | 6.3% | 12.3% | 13.4% |
| Median Negative | -11.6% | -8.3% | -12.0% |
| Max Positive | 23.9% | 27.1% | 23.6% |
| Max Negative | -22.3% | -25.0% | -19.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -7.1% | -9.9% | -13.6% |
| 3/19/2026 | 8.8% | 14.0% | 16.1% |
| 12/18/2025 | -6.2% | 2.3% | 19.7% |
| 9/18/2025 | -12.0% | -4.1% | 3.2% |
| 7/24/2025 | 23.9% | 14.5% | 17.9% |
| 3/20/2025 | 12.9% | -0.8% | -12.7% |
| 12/19/2024 | -20.2% | -14.3% | -19.9% |
| 9/26/2024 | 6.2% | -15.3% | -18.6% |
| 7/18/2024 | -19.9% | -15.4% | -15.4% |
| 3/21/2024 | 1.7% | -0.5% | -6.0% |
| 12/14/2023 | -11.6% | -7.3% | -9.8% |
| 9/21/2023 | -13.2% | -1.5% | -4.7% |
| 7/20/2023 | 11.5% | 11.5% | 9.2% |
| 3/23/2023 | -22.3% | -19.5% | -11.4% |
| 12/15/2022 | 5.7% | 12.3% | 19.2% |
| 9/22/2022 | -17.2% | -25.0% | -16.6% |
| 7/21/2022 | 12.9% | 27.1% | 23.6% |
| 3/17/2022 | -11.1% | -8.3% | -7.8% |
| 12/16/2021 | 6.3% | 13.0% | 16.5% |
| 9/23/2021 | -2.2% | 5.1% | 3.9% |
| 7/22/2021 | -1.7% | -1.0% | 0.0% |
| 3/18/2021 | 0.1% | -8.1% | 0.1% |
| 12/17/2020 | -9.8% | -9.1% | -1.2% |
| 9/24/2020 | 3.4% | 7.0% | 10.7% |
| SUMMARY STATS | |||
| # Positive | 11 | 9 | 12 |
| # Negative | 13 | 15 | 12 |
| Median Positive | 6.3% | 12.3% | 13.4% |
| Median Negative | -11.6% | -8.3% | -12.0% |
| Max Positive | 23.9% | 27.1% | 23.6% |
| Max Negative | -22.3% | -25.0% | -19.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 05/31/2026 | 07/24/2026 | 10-K |
| 02/28/2026 | 03/20/2026 | 10-Q |
| 11/30/2025 | 12/19/2025 | 10-Q |
| 08/31/2025 | 09/19/2025 | 10-Q |
| 05/31/2025 | 07/25/2025 | 10-K |
| 02/28/2025 | 03/21/2025 | 10-Q |
| 11/30/2024 | 12/20/2024 | 10-Q |
| 08/31/2024 | 09/27/2024 | 10-Q |
| 05/31/2024 | 07/19/2024 | 10-K |
| 02/29/2024 | 03/22/2024 | 10-Q |
| 11/30/2023 | 12/15/2023 | 10-Q |
| 08/31/2023 | 09/22/2023 | 10-Q |
| 05/31/2023 | 07/21/2023 | 10-K |
| 02/28/2023 | 03/24/2023 | 10-Q |
| 11/30/2022 | 12/16/2022 | 10-Q |
| 08/31/2022 | 09/23/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 05/31/2026 | 07/24/2026 | 10-K |
| 02/28/2026 | 03/20/2026 | 10-Q |
| 11/30/2025 | 12/19/2025 | 10-Q |
| 08/31/2025 | 09/19/2025 | 10-Q |
| 05/31/2025 | 07/25/2025 | 10-K |
| 02/28/2025 | 03/21/2025 | 10-Q |
| 11/30/2024 | 12/20/2024 | 10-Q |
| 08/31/2024 | 09/27/2024 | 10-Q |
| 05/31/2024 | 07/19/2024 | 10-K |
| 02/29/2024 | 03/22/2024 | 10-Q |
| 11/30/2023 | 12/15/2023 | 10-Q |
| 08/31/2023 | 09/22/2023 | 10-Q |
| 05/31/2023 | 07/21/2023 | 10-K |
| 02/28/2023 | 03/24/2023 | 10-Q |
| 11/30/2022 | 12/16/2022 | 10-Q |
| 08/31/2022 | 09/23/2022 | 10-Q |
| 05/31/2022 | 07/22/2022 | 10-K |
| 02/28/2022 | 03/18/2022 | 10-Q |
| 11/30/2021 | 12/17/2021 | 10-Q |
| 08/31/2021 | 09/24/2021 | 10-Q |
| 05/31/2021 | 07/23/2021 | 10-K |
| 02/28/2021 | 03/19/2021 | 10-Q |
| 11/30/2020 | 12/18/2020 | 10-Q |
| 08/31/2020 | 09/25/2020 | 10-Q |
| 05/31/2020 | 07/27/2020 | 10-K |
| 02/29/2020 | 03/20/2020 | 10-Q |
| 11/30/2019 | 12/20/2019 | 10-Q |
| 08/31/2019 | 09/20/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q4 2026 Earnings Reported 7/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue Growth | 2.0% | 3.0% | 4.0% | ||||
| 2027 Adjusted EBITDA | 135.00 Mil | 140.00 Mil | 145.00 Mil | -7.3% | Lower New | Guidance: 151.00 Mil for 2026 | |
| 2027 Free Cash Flow | 35.00 Mil | 37.50 Mil | 40.00 Mil | -91.3% | Lower New | Guidance: 430.00 Mil for 2026 | |
Prior: Q3 2026 Earnings Reported 3/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA | 146.00 Mil | 151.00 Mil | 156.00 Mil | 0 | Affirmed | Guidance: 151.00 Mil for 2026 | |
| 2026 Free Cash Flow | 430.00 Mil | 0 | Affirmed | Guidance: 430.00 Mil for 2026 | |||
| 2026 Revenue | 1.11 Bil | ||||||
Q2 2026 Earnings Reported 12/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EBITDA | 146.00 Mil | 151.00 Mil | 156.00 Mil | ||||
| 2026 Free Cash Flow | 430.00 Mil | ||||||
Q1 2026 Earnings Reported 9/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Share Repurchases Available | 70.00 Mil | ||||||
Insider Activity
Updated 8/10/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8102026 | 42.00 | 22,151 | 930,342 | 2,260,776 | Form |
| 2 | Henderson, Kaya | Direct | Sell | 8072026 | 40.25 | 3,250 | 130,812 | 286,298 | Form | |
| 3 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8072026 | 41.84 | 7,549 | 315,825 | 2,251,983 | Form |
| 4 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8072026 | 43.17 | 20,488 | 884,426 | 2,323,647 | Form |
| 5 | Hukkanen, Paul | SVP, CHIEF ACCT OFF | Direct | Sell | 3272026 | 39.40 | 10,000 | 394,000 | 536,628 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8102026 | 42.00 | 22,151 | 930,342 | 2,260,776 | Form |
| 2 | Henderson, Kaya | Direct | Sell | 8072026 | 40.25 | 3,250 | 130,812 | 286,298 | Form | |
| 3 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8072026 | 41.84 | 7,549 | 315,825 | 2,251,983 | Form |
| 4 | Quinton, Sasha | EVP, Pres. CBG | Direct | Sell | 8072026 | 43.17 | 20,488 | 884,426 | 2,323,647 | Form |
| 5 | Hukkanen, Paul | SVP, CHIEF ACCT OFF | Direct | Sell | 3272026 | 39.40 | 10,000 | 394,000 | 536,628 | Form |
Investor Activity (13F)
Updated Aug 22, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Publishing Resources |
| Publishers Weekly |
| Editor & Publisher |
| The Bookseller |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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