McGraw Hill
MH on NYSE. McGraw Hill sells educational content and software to schools, colleges, and professionals. Market value $2.4bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Media & telecom stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $13.53 of spare cash in the past 12 months. A savings account pays about $4.
You pay 16.5 years of operating profit for the business. The average large US company costs around 18.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 79 of 100. Our list needs 70 on quality and 60 on price.
$12.98 a share, 45% above its 1-year low
Over the past year the price has ranged from $8.94 to $18.00.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |
| Revenue | $2.1bn |
| Operating margin | |
| Operating margin | 13.2% |
| Debt to equity | |
| Debt to equity | 3.57 |
| Shares outstanding | |
| Shares outstanding | 0.19bn |
Health checks
- Free cash flow positive1 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt3.57× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $550 million last quarter, up 3% on a year ago.
- Profit: $58 million, up 11426% on a year ago.
- 15% more shares than a year ago. Each share owns a bit less of the company.
- Debt is $2.4 billion more than cash, down from $2.9 billion a year ago.
| Quarter to | Amount |
|---|---|
| June 2025 | $536m |
| September 2025 | $669m |
| December 2025 | $434m |
| March 2026 | $464m |
| June 2026 | $550m |
| Quarter to | Amount |
|---|---|
| June 2025 | $502,000 |
| September 2025 | $105m |
| December 2025 | -$20m |
| March 2026 | -$50m |
| June 2026 | $58m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 June 2026
- Next quarterly (estimated, 10-Q)
- 12 November 2026
Who owns it
None of the long-term investors we follow own it. 111 funds in all.
Largest holders overall
- Platinum Equity Advisors$1.3bn
- American Century Companies$42mAdded
- BlackBarn Capital Partners LP$23mAdded
- BlackRock$16mCut
- JPMorgan Chase$15mAdded
- T. Rowe Price Investment Management$15mCut
- Alyeska Investment Group, L.P.$14mCut
- Schroder Investment Management Group$12mAdded
- Vanguard Portfolio Management$12mCut
- Vanguard Capital Management$12m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- PLATINUM EQUITY, LLCPassive investorat least 86.5%(filed with 6 related holders)Since 30 September 2025
| Holder | Stake | Since | |
|---|---|---|---|
PLATINUM EQUITY, LLC Passive investor | at least 86.5% (filed with 6 related holders) | 30 September 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $1m of shares on the open market.
- Moyer Philip DSee Remarks, DirectorBought
- Date
- 15 June 2026
- Shares
- 22,421
- Price
- $11.12
- Value
- $249,322
- REINEMUND STEVENDirectorBought
- Date
- 17 February 2026
- Shares
- 58,000
- Price
- $13.70
- Value
- $794,600
- REINEMUND STEVENDirectorBought
- Date
- 14 November 2025
- Shares
- 15,710
- Price
- $15.03
- Value
- $236,121
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 June 2026 | Moyer Philip D See Remarks, Director | Bought | 22,421 | $11.12 | $249,322 |
| 17 February 2026 | REINEMUND STEVEN Director | Bought | 58,000 | $13.70 | $794,600 |
| 14 November 2025 | REINEMUND STEVEN Director | Bought | 15,710 | $15.03 | $236,121 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Jun 2026, plus the 10-Q filed 13 Aug 2026 and 2 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It carries a lot of debt: 3.6× its equity.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.