{
  "url": "https://struct.news/briefs/mcgraw-hills-profit-surge-came-with-a-75m-ip-gain-and-barely-any-operating-cash",
  "title": "McGraw Hill’s profit surge came with a $7.5M IP gain and barely any operating cash",
  "summary": "Revenue reached $549.9M, but operating cash flow was just $601,000 as inventory and investment rose faster than sales.",
  "published_at": "2026-08-13T11:19:56.434743+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "McGraw Hill, Inc.",
    "ticker": "MH",
    "cik": "1951070",
    "sector": "Consumer Defensive",
    "industry": "Education & Training Services"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-13",
    "accession": "0001951070-26-000039",
    "url": "https://www.sec.gov/Archives/edgar/data/1951070/000195107026000039/mh-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-14",
    "url": "https://www.sec.gov/Archives/edgar/data/1951070/000162828025040280/mh-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "McGraw Hill’s latest annual snapshot",
      "label": "Revenue",
      "value": 2102781000,
      "display": "$2.1B",
      "unit": "usd",
      "period": "2026-03-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001951070-26-000039",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "McGraw Hill’s latest annual snapshot",
      "label": "Gross margin",
      "value": 80.92340571842716,
      "display": "+80.9%",
      "unit": "percent",
      "period": "2026-03-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001951070-26-000039",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "McGraw Hill’s latest annual snapshot",
      "label": "Operating margin",
      "value": 13.162568997912762,
      "display": "+13.2%",
      "unit": "percent",
      "period": "2026-03-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001951070-26-000039",
        "filing_date": "2026-08-13"
      }
    },
    {
      "group": "McGraw Hill’s latest annual snapshot",
      "label": "Net margin",
      "value": 1.6796803851661206,
      "display": "+1.7%",
      "unit": "percent",
      "period": "2026-03-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001951070-26-000039",
        "filing_date": "2026-08-13"
      }
    }
  ],
  "watch_next": [
    {
      "type": "working_capital",
      "statement": "Inventory grew faster than revenue in the latest comparable period, increasing inventory intensity while operating cash flow was only slightly positive.",
      "importance": "medium",
      "evidence": "Inventory built faster than revenue: Inventory growth exceeded revenue growth and inventory intensity increased.",
      "source_date": "2026-08-13"
    },
    {
      "type": "backlog",
      "statement": "Recurring revenue increased as digital adoption, Inclusive Access sales, pricing, market share gains, and U.S. enrollments supported growth.",
      "importance": "medium",
      "evidence": "higher Re-occurring Revenue of approximately $22.6 million, driven by the timing of deferred revenue recognition associated with the increased adoption of digital products",
      "source_date": "2026-08-13"
    },
    {
      "type": "pricing",
      "statement": "Favorable pricing and digital product mix are recurring business drivers to compare with future changes in transactional print revenue.",
      "importance": "medium",
      "evidence": "market share gains, favorable pricing and growth in U.S. enrollments, partially offset by lower Transactional Revenue of approximately $5.1 million",
      "source_date": "2026-08-13"
    }
  ],
  "related_tickers": [
    "MH"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}