McGraw Hill, Inc. (MH)

McGraw Hill Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	2,095	2,101	1,960	1,948	1,790	1,545
Revenue Growth (YoY)	5.67%	7.18%	0.65%	8.80%	15.89%	-2.53%
Cost of Revenue	406.11	422.29	420.33	464.56	369.06	336.54
Gross Profit	1,689	1,679	1,540	1,483	1,421	1,208
Selling, General & Admin	1,066	1,039	986.67	1,002	1,016	809.08
Amortization of Goodwill & Intangibles	231.35	239.01	254.94	270.19	196.43	58.83
Operating Expenses	1,366	1,345	1,295	1,317	1,256	929.11
Operating Income	322.25	334.42	245.55	166.54	165.35	279.06
Interest Expense	-247.14	-293.45	-326.44	-278.22	-216.61	-193.32
Other Non Operating Income (Expenses)	-	-	-	-	3.5	-
EBT Excluding Unusual Items	75.12	40.97	-80.89	-111.68	-47.76	85.74
Merger & Restructuring Charges	-17.57	-27.61	-40.75	-42.71	-111.23	-29.55
Impairment of Goodwill	-	-	-40.5	-258	-	-
Asset Writedown	-	-	-9	-54	-405	-
Legal Settlements	-	-	-	8	-	-
Other Unusual Items	-16.36	-2.72	3.42	4.55	-75.8	2.77
Pretax Income	41.18	10.64	-167.73	-453.84	-639.79	58.96
Income Tax Expense	145.19	96.48	25.29	-49.73	-20.42	14.21
Earnings From Continuing Operations	-104.01	-85.84	-193.02	-404.1	-619.38	44.75
Net Income	-104.01	-85.84	-193.02	-404.1	-619.38	44.75
Net Income to Common	-104.01	-85.84	-193.02	-404.1	-619.38	44.75
Shares Outstanding (Basic)	171	167	167	167	114	12
Shares Outstanding (Diluted)	171	167	167	167	114	12
Shares Change (YoY)	2.80%	-	0.02%	45.82%	883.49%	1.00%
EPS (Basic)	-0.61	-0.52	-1.16	-2.43	-5.42	3.86
EPS (Diluted)	-0.61	-0.52	-1.16	-2.43	-5.42	3.86
Free Cash Flow	322.65	575.22	154.2	186.58	175.04	363.45
Free Cash Flow Per Share	1.88	3.45	0.93	1.12	1.53	31.29
Gross Margin	80.61%	79.90%	78.56%	76.15%	79.38%	78.21%
Operating Margin	15.38%	15.92%	12.53%	8.55%	9.24%	18.07%
Profit Margin	-4.96%	-4.08%	-9.85%	-20.75%	-34.60%	2.90%
Free Cash Flow Margin	15.40%	27.38%	7.87%	9.58%	9.78%	23.53%
EBITDA	570.87	590.22	527.72	465.05	390.99	363.74
EBITDA Margin	27.25%	28.09%	26.92%	23.88%	21.84%	23.55%
D&A For EBITDA	248.62	255.8	282.17	298.51	225.64	84.68
EBIT	322.25	334.42	245.55	166.54	165.35	279.06
EBIT Margin	15.38%	15.92%	12.53%	8.55%	9.24%	18.07%
Effective Tax Rate	352.56%	906.61%	-	-	-	24.10%

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q