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Side-by-side financial comparison of AMERICOLD REALTY TRUST (COLD) and McGraw Hill, Inc. (MH). Click either name above to swap in a different company.

AMERICOLD REALTY TRUST is the larger business by last-quarter revenue ($643.1M vs $434.2M, roughly 1.5× McGraw Hill, Inc.). McGraw Hill, Inc. runs the higher net margin — -4.7% vs -13.7%, a 9.1% gap on every dollar of revenue. On growth, AMERICOLD REALTY TRUST posted the faster year-over-year revenue change (-0.7% vs -35.1%). McGraw Hill, Inc. produced more free cash flow last quarter ($285.4M vs $-12.2M).

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...

COLD vs MH — Head-to-Head

Bigger by revenue
COLD
COLD
1.5× larger
COLD
$643.1M
$434.2M
MH
Growing faster (revenue YoY)
COLD
COLD
+34.5% gap
COLD
-0.7%
-35.1%
MH
Higher net margin
MH
MH
9.1% more per $
MH
-4.7%
-13.7%
COLD
More free cash flow
MH
MH
$297.6M more FCF
MH
$285.4M
$-12.2M
COLD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
COLD
COLD
MH
MH
Revenue
$643.1M
$434.2M
Net Profit
$-88.3M
$-20.2M
Gross Margin
31.3%
85.3%
Operating Margin
-10.8%
7.0%
Net Margin
-13.7%
-4.7%
Revenue YoY
-0.7%
-35.1%
Net Profit YoY
-143.9%
-119.2%
EPS (diluted)
$-0.31
$-0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COLD
COLD
MH
MH
Q4 25
$643.1M
$434.2M
Q3 25
$649.0M
$669.2M
Q2 25
$635.1M
$535.7M
Q1 25
$613.7M
Q4 24
$647.4M
Q3 24
$660.4M
Q2 24
$645.6M
Q1 24
$651.4M
Net Profit
COLD
COLD
MH
MH
Q4 25
$-88.3M
$-20.2M
Q3 25
$-11.4M
$105.3M
Q2 25
$1.5M
$502.0K
Q1 25
$-16.4M
Q4 24
$-36.2M
Q3 24
$-3.7M
Q2 24
$-64.1M
Q1 24
$9.7M
Gross Margin
COLD
COLD
MH
MH
Q4 25
31.3%
85.3%
Q3 25
29.3%
79.2%
Q2 25
30.9%
77.0%
Q1 25
31.1%
Q4 24
29.7%
Q3 24
29.6%
Q2 24
31.0%
Q1 24
30.3%
Operating Margin
COLD
COLD
MH
MH
Q4 25
-10.8%
7.0%
Q3 25
2.6%
23.4%
Q2 25
5.9%
18.0%
Q1 25
3.6%
Q4 24
-1.8%
Q3 24
4.6%
Q2 24
9.8%
Q1 24
6.4%
Net Margin
COLD
COLD
MH
MH
Q4 25
-13.7%
-4.7%
Q3 25
-1.8%
15.7%
Q2 25
0.2%
0.1%
Q1 25
-2.7%
Q4 24
-5.6%
Q3 24
-0.6%
Q2 24
-9.9%
Q1 24
1.5%
EPS (diluted)
COLD
COLD
MH
MH
Q4 25
$-0.31
$-0.11
Q3 25
$-0.04
$0.57
Q2 25
$0.01
$0.00
Q1 25
$-0.06
Q4 24
$-0.12
Q3 24
$-0.01
Q2 24
$-0.23
Q1 24
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COLD
COLD
MH
MH
Cash + ST InvestmentsLiquidity on hand
$136.9M
$514.4M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$2.9B
$775.3M
Total Assets
$8.1B
$5.6B
Debt / EquityLower = less leverage
3.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLD
COLD
MH
MH
Q4 25
$136.9M
$514.4M
Q3 25
$33.3M
$463.2M
Q2 25
$101.4M
$247.3M
Q1 25
$38.9M
Q4 24
$47.7M
Q3 24
$61.3M
Q2 24
$44.2M
Q1 24
$59.2M
Total Debt
COLD
COLD
MH
MH
Q4 25
$2.6B
Q3 25
$2.8B
Q2 25
$3.2B
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
COLD
COLD
MH
MH
Q4 25
$2.9B
$775.3M
Q3 25
$3.0B
$794.6M
Q2 25
$3.1B
$283.3M
Q1 25
$3.2B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.4B
Q1 24
$3.6B
Total Assets
COLD
COLD
MH
MH
Q4 25
$8.1B
$5.6B
Q3 25
$8.1B
$6.0B
Q2 25
$8.1B
$5.7B
Q1 25
$7.8B
Q4 24
$7.7B
Q3 24
$7.9B
Q2 24
$7.8B
Q1 24
$7.8B
Debt / Equity
COLD
COLD
MH
MH
Q4 25
3.36×
Q3 25
3.52×
Q2 25
11.17×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COLD
COLD
MH
MH
Operating Cash FlowLast quarter
$130.2M
$309.0M
Free Cash FlowOCF − Capex
$-12.2M
$285.4M
FCF MarginFCF / Revenue
-1.9%
65.7%
Capex IntensityCapex / Revenue
22.1%
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-217.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLD
COLD
MH
MH
Q4 25
$130.2M
$309.0M
Q3 25
$78.9M
$265.0M
Q2 25
$120.3M
$-96.7M
Q1 25
$30.2M
Q4 24
$162.6M
Q3 24
$50.6M
Q2 24
$136.7M
Q1 24
$62.0M
Free Cash Flow
COLD
COLD
MH
MH
Q4 25
$-12.2M
$285.4M
Q3 25
$-65.4M
$243.8M
Q2 25
$-57.4M
$-112.9M
Q1 25
$-82.3M
Q4 24
$57.4M
Q3 24
$-44.5M
Q2 24
$73.3M
Q1 24
$16.2M
FCF Margin
COLD
COLD
MH
MH
Q4 25
-1.9%
65.7%
Q3 25
-10.1%
36.4%
Q2 25
-9.0%
-21.1%
Q1 25
-13.4%
Q4 24
8.9%
Q3 24
-6.7%
Q2 24
11.4%
Q1 24
2.5%
Capex Intensity
COLD
COLD
MH
MH
Q4 25
22.1%
5.4%
Q3 25
22.2%
3.2%
Q2 25
28.0%
3.0%
Q1 25
18.3%
Q4 24
16.3%
Q3 24
14.4%
Q2 24
9.8%
Q1 24
7.0%
Cash Conversion
COLD
COLD
MH
MH
Q4 25
Q3 25
2.52×
Q2 25
78.18×
-192.53×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
6.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COLD
COLD

Warehouse Services$269.0M42%
Warehouse Rent And Storage$199.9M31%
Other Facilities Costs$60.0M9%
Transportation Segment$48.3M8%
Power$34.7M5%
Transportation$22.0M3%
Third Party Managed Segment$9.5M1%
Third Party Managed$2.4M0%

MH
MH

Higher Education$225.4M52%
Digital$103.5M24%
Other$44.4M10%
Global Professional$36.2M8%
Print$24.7M6%

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