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Side-by-side financial comparison of McGraw Hill, Inc. (MH) and Orthofix Medical Inc. (OFIX). Click either name above to swap in a different company.

McGraw Hill, Inc. is the larger business by last-quarter revenue ($434.2M vs $219.9M, roughly 2.0× Orthofix Medical Inc.). Orthofix Medical Inc. runs the higher net margin — -1.0% vs -4.7%, a 3.6% gap on every dollar of revenue. On growth, Orthofix Medical Inc. posted the faster year-over-year revenue change (2.0% vs -35.1%). McGraw Hill, Inc. produced more free cash flow last quarter ($285.4M vs $16.8M).

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...

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

MH vs OFIX — Head-to-Head

Bigger by revenue
MH
MH
2.0× larger
MH
$434.2M
$219.9M
OFIX
Growing faster (revenue YoY)
OFIX
OFIX
+37.1% gap
OFIX
2.0%
-35.1%
MH
Higher net margin
OFIX
OFIX
3.6% more per $
OFIX
-1.0%
-4.7%
MH
More free cash flow
MH
MH
$268.6M more FCF
MH
$285.4M
$16.8M
OFIX

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MH
MH
OFIX
OFIX
Revenue
$434.2M
$219.9M
Net Profit
$-20.2M
$-2.2M
Gross Margin
85.3%
71.1%
Operating Margin
7.0%
0.2%
Net Margin
-4.7%
-1.0%
Revenue YoY
-35.1%
2.0%
Net Profit YoY
-119.2%
92.4%
EPS (diluted)
$-0.11
$-0.05

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
MH
MH
OFIX
OFIX
Q4 25
$434.2M
$219.9M
Q3 25
$669.2M
$205.6M
Q2 25
$535.7M
$203.1M
Q1 25
$193.6M
Q4 24
$215.7M
Q3 24
$196.6M
Q2 24
$198.6M
Q1 24
$188.6M
Net Profit
MH
MH
OFIX
OFIX
Q4 25
$-20.2M
$-2.2M
Q3 25
$105.3M
$-22.8M
Q2 25
$502.0K
$-14.1M
Q1 25
$-53.1M
Q4 24
$-29.1M
Q3 24
$-27.4M
Q2 24
$-33.4M
Q1 24
$-36.0M
Gross Margin
MH
MH
OFIX
OFIX
Q4 25
85.3%
71.1%
Q3 25
79.2%
72.2%
Q2 25
77.0%
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
MH
MH
OFIX
OFIX
Q4 25
7.0%
0.2%
Q3 25
23.4%
-8.3%
Q2 25
18.0%
-7.9%
Q1 25
-25.2%
Q4 24
-5.3%
Q3 24
-9.6%
Q2 24
-12.5%
Q1 24
-15.6%
Net Margin
MH
MH
OFIX
OFIX
Q4 25
-4.7%
-1.0%
Q3 25
15.7%
-11.1%
Q2 25
0.1%
-6.9%
Q1 25
-27.4%
Q4 24
-13.5%
Q3 24
-13.9%
Q2 24
-16.8%
Q1 24
-19.1%
EPS (diluted)
MH
MH
OFIX
OFIX
Q4 25
$-0.11
$-0.05
Q3 25
$0.57
$-0.57
Q2 25
$0.00
$-0.36
Q1 25
$-1.35
Q4 24
$-0.76
Q3 24
$-0.71
Q2 24
$-0.88
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
MH
MH
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$514.4M
$82.0M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$775.3M
$450.0M
Total Assets
$5.6B
$850.6M
Debt / EquityLower = less leverage
3.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MH
MH
OFIX
OFIX
Q4 25
$514.4M
$82.0M
Q3 25
$463.2M
$62.9M
Q2 25
$247.3M
$65.6M
Q1 25
$58.0M
Q4 24
$83.2M
Q3 24
$30.1M
Q2 24
$26.4M
Q1 24
$27.0M
Total Debt
MH
MH
OFIX
OFIX
Q4 25
$2.6B
Q3 25
$2.8B
$157.2M
Q2 25
$3.2B
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
MH
MH
OFIX
OFIX
Q4 25
$775.3M
$450.0M
Q3 25
$794.6M
$442.5M
Q2 25
$283.3M
$458.3M
Q1 25
$458.3M
Q4 24
$503.1M
Q3 24
$525.9M
Q2 24
$546.0M
Q1 24
$570.3M
Total Assets
MH
MH
OFIX
OFIX
Q4 25
$5.6B
$850.6M
Q3 25
$6.0B
$832.6M
Q2 25
$5.7B
$837.2M
Q1 25
$823.1M
Q4 24
$893.3M
Q3 24
$867.9M
Q2 24
$882.0M
Q1 24
$906.0M
Debt / Equity
MH
MH
OFIX
OFIX
Q4 25
3.36×
Q3 25
3.52×
0.36×
Q2 25
11.17×
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
MH
MH
OFIX
OFIX
Operating Cash FlowLast quarter
$309.0M
$27.7M
Free Cash FlowOCF − Capex
$285.4M
$16.8M
FCF MarginFCF / Revenue
65.7%
7.6%
Capex IntensityCapex / Revenue
5.4%
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MH
MH
OFIX
OFIX
Q4 25
$309.0M
$27.7M
Q3 25
$265.0M
$12.4M
Q2 25
$-96.7M
$11.6M
Q1 25
$-18.4M
Q4 24
$23.7M
Q3 24
$11.7M
Q2 24
$9.0M
Q1 24
$-18.6M
Free Cash Flow
MH
MH
OFIX
OFIX
Q4 25
$285.4M
$16.8M
Q3 25
$243.8M
$2.5M
Q2 25
$-112.9M
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
MH
MH
OFIX
OFIX
Q4 25
65.7%
7.6%
Q3 25
36.4%
1.2%
Q2 25
-21.1%
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
MH
MH
OFIX
OFIX
Q4 25
5.4%
4.9%
Q3 25
3.2%
4.8%
Q2 25
3.0%
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%
Cash Conversion
MH
MH
OFIX
OFIX
Q4 25
Q3 25
2.52×
Q2 25
-192.53×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MH
MH

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

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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