MH
McGraw Hill, Inc.
MH's fundamentals are mixed: it returned to profit, but its operating margin fell 1 points to 13%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
MH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
MH's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
MH PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.7x | $11.04 | — |
| Cheap | 27x | $9.82 | -11% |
| Fair | 29x | $10.83 | -1.9% |
| Current | 30x | $11.04 | — |
| Expensive | 53x | $19.61 | +78% |
Historical ranges are pointers, not guarantees.
MH's PE is 30x, but its earnings don't support one, so it isn't a reliable read right now.
MH Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MH, with profitability improving. However, they disagree widely on these estimates.
MH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.93 | +421% |
| Q3 2026 | $0.37 | +$0.90 |
| Q2 2026 | $0.49 | +$0.89 |
| Q1 2026 | $0.19 | +$0.64 |
| Q4 2025 | -$0.36 | +$0.03 |
| Q3 2025 | -$0.53 | -$0.02 |
| Q2 2025 | -$0.40 | +$0.49 |
| Q1 2025 | -$0.45 | +$0.56 |
| Q4 2024 | -$0.39 | +$0.50 |
MH has returned to profit: it earned $0.37 per share over the past year, after losing money the year before.
MH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $632.2M | -5.5% |
| Q2 2026 | $549.9M | +2.6% |
| Q1 2026 | $463.7M | -2% |
| Q4 2025 | $434.2M | +4.2% |
| Q3 2025 | $669.2M | -2.8% |
| Q2 2025 | $535.7M | +2.4% |
| Q1 2025 | $473.3M | +13% |
| Q4 2024 | $416.5M | +4.4% |
MH's revenue grew through 2023 and has held roughly level since: $632M last quarter, down 5.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -1.1 points |
| Q2 2026 | 21% | +2.8 points |
| Q1 2026 | -1.4% | -7.2 points |
| Q4 2025 | 7% | +1.2 points |
| Q3 2025 | 23% | -2.6 points |
| Q2 2025 | 18% | +3.5 points |
| Q1 2025 | 5.9% | +16 points |
| Q4 2024 | 5.8% | +2.4 points |
MH's operating margin was 22% last quarter, down 1.1 points from the same quarter a year ago.
MH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $164.1M | -33% |
| Q2 2026 | -$23.3M | +$89.6M |
| Q1 2026 | -$169.9M | -$70.8M |
| Q4 2025 | $285.4M | +19% |
| Q3 2025 | $243.8M | -39% |
| Q2 2025 | -$112.9M | -$94.1M |
| Q1 2025 | -$99.2M | +$42.7M |
| Q2 2024 | -$18.8M | +$84.5M |
MH still generates free cash flow, though less than at its 2024 peak: $256M over the past year.
MH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +189K shares |
| 1 year | +3% | +5.7M shares |
| 3 years | +0.3% | +496K shares |
MH has 191M diluted shares, up 3% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
MH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.6x | Elevated |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 3.6x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.6x | Elevated |
| Q2 2025 | 4.3x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.2x | High |
MH's net debt is about 3.6 years of its operating earnings (EBITDA), about the same as a year ago.
MH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 32.7 | Neutral |
MH's weekly RSI is 41 (neutral) and its Stochastic is 33 (neutral).
MH PE vs Consumer Defensive Sector
| Metric | MH | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 19x | 53% above |
| PE % | 55 | 37 | 18 pts above |
MH is trading at 30x earnings, a 53% premium to the Consumer Defensive sector's median of 19x, though its earnings don't support one.
MH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.9 | 14% below |
| 20 week MA | $12.2 | 9.3% below |
| 50 week MA | $13.1 | 15% below |
MH is in a downtrend: it's below all three of its weekly moving averages, and 15% below its 50-week average.
MH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $16.8 | $17.0 | +1.1% |
| 2026 YTD | $17.0 | $11.0 | -35% |
MH has finished every year since 2025 higher, and it's down 35% so far in 2026.