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McGraw Hill, Inc.
What does the company do — and does the stock price make sense?

McGraw Hill sells learning content and digital learning systems to schools, colleges, and working adults. A growing share of revenue comes from recurring digital offerings.

Analysis dated NYSE:MHFree beta

Reviewed listing: NYSE:MH · Analysis dated Oct 22, 2026

It has not been confirmed whether the basis of this analysis still holds today. Read it as a dated earlier assessment; it does not establish a current buying opportunity.

01

How does the company make money?

McGraw Hill sells learning content and digital learning systems to schools, colleges, and working adults. A growing share of revenue comes from recurring digital offerings.

02

What supports the business?

Quarterly operating profit increased by about 19% to 114.282 million USD. Digital revenue grew by 8.8%, while total revenue rose by only 2.6%.

03

What could improve?

Digital subscriptions and lower interest expense can improve earnings available per share. This depends on managing development spending and highly seasonal cash flows.

04

How is the stock price assessed?

14.52 USDReviewed share price dated

This assessment refers to the analysis and its quoted price shown here. It is not a live quote or a personal recommendation to buy.

14.52 USD are close to my current threshold of 14.95 USD. This already assumes a significant cash flow improvement within two years; there is no substantial valuation discount.

05

What is the main risk?

High debt, expensive refinancing, fluctuating school budgets, and necessary product development limit flexibility. Adjusted EBITDA cannot be treated as freely available cash.

06

What is the overall assessment?

McGraw Hill is growing through digital learning offerings and improving its operating margin. The price appears roughly fair, but high debt and volatile cash flow leave little margin of safety.

Sources used in the analysis

  1. Original source 1 · api-v4.fcsapi.com · Oct 21, 2026
  2. Original source 2 · www.sec.gov · Jun 11, 2026
  3. Original source 3 · www.sec.gov · Oct 09, 2026
  4. Original source 4 · www.sec.gov · Sep 25, 2026
  5. Original source 5 · www.sec.gov · Aug 13, 2026
  6. Original source 6 · www.sec.gov · Jun 11, 2026
  7. Original source 7 · www.sec.gov · Aug 13, 2026
  8. Original source 8 · investors.mheducation.com · Aug 13, 2026
  9. Original source 9 · data.sec.gov · Oct 22, 2026

How this assessment is prepared

Marqora selects companies for closer review. Existing analyses are prepared with AI using source evidence and are independently reviewed. This page reproduces the approved statements. The English text is translated from the same analysis version and reviewed separately.

Assumptions, data gaps and counterarguments are part of the assessment. The analysis does not replace your own checks or take your personal circumstances into account.

Editorial responsibility: Frank Herrmann. Legal notice