McGraw Hill (MH) Operating Margin (2024 - 2026)

McGraw Hill's (MH) quarterly Operating Margin came in at 1.37% in Q1 2026, down 724.0% YoY from 0.22% in Q1 2025, and down 119.6% quarter-over-quarter from 7.0% in Q4 2025.

McGraw Hill (MH) Operating Margin (2024 - 2026) Analysis & Trends

McGraw Hill's Operating Margin history runs 3 years deep, the most recent figure standing at 1.37% for Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin fell 724.0% year-over-year to 1.37%; the trailing twelve-month figure through Mar 2026 stood at 13.16% (down 144.0% YoY), and the FY2026 full-year result was 13.16%, down 144.0% from the prior year.
  • Operating Margin was 1.37% for Q1 2026 at McGraw Hill, down from 7.0% in the prior quarter.
  • Over the last five years, Operating Margin for MH reached as high as 26.01% in Q3 2024 and fell as low as 1.37% in Q1 2026.
  • Median Operating Margin over the past 3 years was 10.75% (2024), compared with a mean of 12.39%.
  • Across the five-year window, Operating Margin soared 347 bps in 2025 and slumped 724 bps in 2026, its largest moves.
  • Over 3 years, Operating Margin stood at 5.8% in 2024, then rose by 21 bps to 7.0% in 2025, then slumped by 120 bps to 1.37% in 2026.
  • Business Quant data shows MH's Operating Margin at 1.37% in Q1 2026, 7.0% in Q4 2025, and 23.39% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn -16.93%
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn -10.10%
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 4.68%
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 18.75%
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 20.49%
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 30.92%
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn -1.37%
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 0.15%
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 28.47%
10 Strategic Education 1.69 Bn 1.53 Bn - 13.43%

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.37%
Dec 31, 2025 7.00%
Sep 30, 2025 23.39%
Jun 30, 2025 17.96%
Mar 31, 2025 5.87%
Dec 31, 2024 5.80%
Sep 30, 2024 26.01%
Jun 30, 2024 14.49%